You are here: Home / 2008 / Archives for September 2008

Tips for sellers in short sales

September 29, 2008 By Leave a Comment

  The “short sale” begins when the seller has trouble of making mortgage payments and the potential sale price is less than the mortgage amount. The seller or their agent approaches the lender asking if the banks or lenders are willing to settle for less if and when a purchase contract is signed. There are [...]

Filed Under: Real Estate bits & pieces, REO home, Seller advice, short sale seller advice, Short sales

Fannie Mae and Freddie Mac takeover

September 9, 2008 By Leave a Comment

The biggest financial news from yesterday and today is Fannie Mai and Freddie Mac takeover by government. In another words that Fannie Mae and Freddie Mac have been placed into “conservatorship” and will be overseen by the Federal Housing Finance Agency. This takeover means that the government will temporarily run Fannie and Freddie until they [...]

Filed Under: 1st Time home buyer advices, buyer advice, Seller advice

Move up?? Chase the market?

September 8, 2008 By Leave a Comment

Today I received a call from a home owner, he said “ I want to sell my north Sunnyvale home and move to the south Sunnyvale. This year my home price tanked! The price has dropped at least 17% from 2007. How can I move up?” I told him:” The homes from more desirable areas [...]

Filed Under: buyer advice, Seller advice, selling, Silicon Valley Real Estate Market, Sunnyvale

Where home sells the fast in US?

September 5, 2008 By Leave a Comment

There is an article of “But even real estate in the best Zip Codes are spending longer on the market than in 2007″ from the businessweek.com. The author said that “Houses in Sunnyvale, Calif., home to companies such as Juniper Network (JNPR), AMD (AMD), and Yahoo! (YHOO), are typically on the market for 66 days, [...]

Filed Under: Bank Owned home, Home Selling Advice, Silicon Valley Real Estate Market