Here are two of the priciest homes currently for sale in the Beaumont and Banning areas. If you have the cash and/or buying power, right now is a great time to invest in one of these investment luxury real estate properties:
Short Sale Agents arrange with mortgage lenders to agree to accept a mortgage payoff that falls short of the balance that is owed by a borrower. In other words, a bank agrees to accept less than what is owed on a borrower’s mortgage. Foreclosure is avoided through the short sale process, which is the primary goal so that the borrower’s credit is not severely damaged as it would be through a foreclosure. If a foreclosure is imminent short sale can help soften the blow.
A foreclosure can seriously affect an individual’s credit and financial future. As a result, and because of the stress that the foreclosure process can cause, most homeowners are willing to consider just about any alternative. When facing foreclosure, the worst thing that a homeowner can do is nothing at all. By being proactive, a borrower can often find viable alternatives to foreclosure and a short sale is one of the most popular and realistic options. For those who are facing the prospect of a foreclosure, a short sale might be the right option.
Real estate short sales can be complicated for everyone involved whether you’re a seller, buyer, investor, agent or even a bank. Our Free Short Sale Help was designed to clear up the complicated world of real estate short sales and make it possible for anyone who owes more on their mortgage than their home is worth to find their way.
So call us now to find out more about Short Sale Help:
Call Now: (888) 9-List-It.
That’s (888) 954-7848.
NEW YORK (CNNMoney) — In another sign of a turnaround in the long-battered real estate market, average home prices rebounded in July to the same level as they were nine years ago.
According to the closely watched S&P/Case-Shiller national home price index, which covers more than 80% of the housing market in the United States, the typical home price in July rose 1.6% compared to the previous month.
It marked the third straight month that prices in all 20 major markets followed by the index improved, and it would have been the fourth straight month of improvement across the full spectrum if not for a slight decline in Detroit in April.
The index was up 1.2% compared to a year earlier, an improvement from the year-over-year change reported for June. While home prices have been showing a sequential change in recent months, it wasn’t until June that prices were higher than a year earlier.
The July reading matched levels last seen in summer 2003, when the market was marching toward its peak in 2006. The collapse of the market after that led to the financial crisis of 2008.
“The news on home prices in this report confirm recent good news about housing,” said David Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. “Single-family housing starts are well ahead of last year’s pace, existing home sales are up, the inventory of homes for sale is down and foreclosure activity is slowing.”
Record low mortgage rates and a tighter supply of homes available for sale have helped to lift home prices. Lower unemployment also has helped with home prices, although job growth in recent months has been slower than hoped.
Earlier this month, the Federal Reserve announced it would buy $40 billion in mortgage bonds a month for the foreseeable future. This third round of asset purchases by the central bank, popularly known as QE3, is its effort to jump start the economy through even lower home loan rates.
Mike Larson, real estate analyst with Weiss Research, said part of the improvement in the housing market is due to investors using the low mortgage rates to buy up homes that are in foreclosure and renting them in a strong rental market.
But he said that he doesn’t think there’s much chance of housing prices forming any kind of new bubble in the foreseeable future.
“Clearly the worst is behind us for this market., but this is not a market that is going to take off again,” he said. “While you have a firming up, you still have tight lending standards and people who have been burned are reluctant or unable to get back in the market.” He predicts it will take several more years before housing prices can gain more than 1% to 2% a year.
But that is good news for a housing market that was plagued by plunging home values and high foreclosure rates for much of the last six years. And the good news has the potential to build on itself, said Joseph LaVorgna, chief U.S. economist for Deutsche Bank.
“Housing remains a rare bright spot in an economy that is otherwise muddling through,” he wrote in a note to clients Tuesday. “The price trend for housing is significant, because it provides economic stimulus via stronger household balance sheets.”
Correction: An earlier version of this article incorrectly reported that home prices had reached a 9-year high. In fact, they rebounded to the level last seen in summer 2003, before their peak several years later.
Whether you’re planning on buying or selling a Bloomington CA home, choosing the right Real Estate Agent is one of the most important decisions you’ll make.
When selling your Bloomington CA home, a professional real estate agent can be an indispensable resource. We can give you up-to-date information regarding prices, financing, terms and conditions of competing properties, and information about the Bloomington CA housing market in general. We will market your property to other real estate agents via the MLS (Multiple Listing Service), as well as to the public, including extensive on-line exposure. As professional and successful Bloomington CA real estate agents/REALTORS®, we can also help you objectively evaluate buyer proposals, and then, finally, help you close the sale.
When buying a Bloomington CA home, having the assistance of a real estate agent/REALTOR® can be equally as important. Real estate agents have access to resources for assisting you in your home search not available elsewhere. A real estate agent can also provide you with objective information about each property, and give you advice based on years of experience. Our Bloomington CA real estate agents/REALTORS® will help you negotiate – and also steer you through – the closing process to make sure everything goes smoothly.
We understand how difficult it can be to buy a home for your family or to sell your home on today’s real estate market. We list and sell real estate standard sales, short sales and foreclosure sales. We also assist buyers in finding their next home or property.
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HOW TO SELL YOUR HOUSE IN BLOOMINGTON CALIFORNIA – BLOOMINGTON CA REALTORS
Q: What goes into a successful home or property sale in Bloomington, California?
A home sale can be simple, difficult or unsuccessful depending on the property, seller or agent. Careful consideration must be given when venturing into the competitive Bloomington CA real estate market.
A successful sale consists of a compelling listing, effective exposure and competent negotiations and completion.
When a Bloomington home is listed, it should first be analyzed and objectively compared to recent comparable sales and other competitive listings in the area, also known as a CMA (Comparative Market Analysis).
Then the seller, under the advice of their savvy Realtor, should carefully digest and consider the CMA. Every detail must be exhausted. Does the seller’s Bloomington California property have the same features and amenities? Is the property worth more, less or equal to other comparable sales? Is the location, lot position or structure more, or less appealing? A seller must also consider the terms, conditions, inclusions and exclusions of the sale.
But a potent market value and list price is just the beginning. When the Bloomington CA property listing is ready to go public, exposure is everything.
Q: What is effective exposure for a Bloomington real estate listing?
How can anyone buy your Bloomington California house if no one knows it’s for sale?
A home will only realize it full market value in a sale if multiple potential buyers have been reached.
How is that accomplished? Real estate marketing has changed dramatically with the advent of the Internet. Gone are the days of yard signs, newspaper listings and open houses. Today more than 85% of homebuyers begin their property search online.
But where online are they looking? The short answer is ‘Everywhere’. From major sites like Zillow, Trulia and Redfin, website search engines like Google, Yahoo and Bing, email listing sources from agents, brokers and other real estate services, to Craigslist and even direct online MLS (Multiple Listing Services).
So where is the best place to list your Bloomington CA property online? Again, the only right answer is ‘Everywhere’.
But does online marketing mean traditional marketing should be ignored? Of course not. But the evolution of real estate marketing should dictate the appropriate allocation of time and resources.
Q: Then What?
Once your Bloomington home has been effectively marketed, buyers will view the property and determine, along with their agents, what their best offer is. Choosing the right buyer is key: Have they offered a fair price and reasonable conditions? Are they capable of executing the purchase and do they have the means, money and/or credit? Are they truly interested in the property? These and other questions must be asked and answered.
After all of this, the sale of your Bloomington California property is still not complete. Escrow must be opened. Disclosures must be addressed and signed. Contingencies must be met and waived. And finally, funds must be deposited and dispersed.
Q: So what is the first step to a successful sale of your home or Bloomington CA property?
Choose the right Bloomington real estate agent.
So call us now and let’s talk.
Call Now: (888) 9 LIST-IT. Or just dial 888-954-7848.
You can also email us at: GarrigusRealEstate@yahoo.com