Sellers

What’s your home worth? Terms can be confusing – Irvine Real Estate – Irvine Homes for Sale

by Robert Mack January 11, 2011 Latest News

When discussing real estate values, I often find that I need to explain the subtle differences in terminology. Many people confuse and frequently interchange the terms market, appraisal, and assessed value, but the differences make for a black and white comparison. Market value is simply the most probable price a particular property should sell for […]

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Home-selling time drops in what 4 Orange County towns? | Irvine Real Estate | Irvine Homes for Sale

by Robert Mack January 11, 2011 Latest News

We decided to look at the first housing inventory report of 2011 from Steve Thomas at Altera Real Estate — as of January 6 – and compare that to the year-ago trends to see what markets had improved in the past year. Thomas calculates a “market time” benchmark tracking how many months it theoretically takes […]

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Home price drops exceed Great Depression: Irvine Real Estate – Irvine Homes for Sale

by Robert Mack January 11, 2011 Buyers

Home prices fell for the 53rd consecutive month in November, taking the decline past that of the Great Depression for the first time in the prolonged housing slump, according to Zillow. Home prices have fallen 26 percent since their peak in 2006, exceeding the 25.9 percent drop registered in the five years between 1928 and […]

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Prop 13: Should it stay or should it go? Irvine Real Estate – Irvine Homes for Sale

by Robert Mack January 10, 2011 Buyers

Industry insiders are divided over Prop. 13 reform, a prospect raised this past week by incoming Gov. Jerry Brown. The 1978 measure caps property tax increases at 2% a year so long as you own your home or building. But once the property is sold, its full value is taxed. Some industry leaders say Prop. […]

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California home sales on the rise | Irvine Real Estate | Irvine Homes for Sale

by Robert Mack January 10, 2011 Buyers

According to the latest data published by the CAR (California Association of Realtors) home sales were up in November. This is a positive sign, although the sales numbers compared with 2009 numbers show a slight decline. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted rate of 490,950 in November. […]

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Interest rates ‘could come down further’ – Irvine Real Estate – Irvine Homes for Sale

by Robert Mack January 10, 2011 Buyers

The Reserve Bank’s repo rate has come down from 12% in 2008 to 5.5% after the last cut in November last year. This was after inflation was lower than expected for the most part of last year. The prime lending rate is now at a 37-year low of 9%. But, according to Ilke Smit from […]

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Short Sale Benefits – Advantages of Short Sale – Irvine Real Estate – Irvine Homes for Sale

by Robert Mack January 10, 2011 Latest News

Short Sale Benefits – Advantages of Short Sale – Charlotte NC A very common question among homeowners facing foreclosure in Charlotte NC is what are the benefits of a short sale and the advantages of a short sale?  There are many benefits and advantages of short sales, but one common misconception is that short sales […]

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‘Make home improvements’ to prepare houses for sale – Irvine Real Estate – Irvine Homes for Sale

by Robert Mack January 6, 2011 Latest News

Individuals looking to sell their home quickly and for the best price should consider home improvement projects to make their property more attractive to buyers. This is according to the National Association of Estate Agents, which stated that adding a well-planned and professionally completed extension could add as much as 40 per cent to a […]

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The Truth About the U.S. Housing Market – Seeking Alpha

by Robert Mack January 6, 2011 Buyers

Last week, the United States Case-Shiller 20-Cities Composite House Price Index took an unexpected plunge, falling 1.3% in October from a month earlier. Prices have now fallen by around one-third: [Click all to enlarge]Month-over-month prices fell in all metro areas covered by the index. And in six markets — Atlanta, Charlotte, Miami, Portland, Seattle and […]

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Fannie Mae launches new website to help struggling homeowners – Irvine Real Estate – Irvine Homes for Sale

by Robert Mack January 6, 2011 Latest News

Fannie Mae, the government-controlled mortgage finance company, unveiled a new website today aimed at helping homeowners facing foreclosure. The site — www.KnowYourOptions.com — features an interactive video where actors show the consequences of decisions to real life homeowner situations. Much like a “Choose Your Own Adventure” book, users can roleplay as various types of distressed […]

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