Real Estate

Nationwide Foreclosure Activity Down

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New data released from RealityTrac – shows that foreclosure activity nationwide is accelerating downward, dropping 7 percent in the last month.  Experts track the national decline to California where the landmark Homeowners Bill of Rights, championed by progressives in the state, went into effect in January causing  a 39.5 percent decrease in foreclosure  filings from December to January. .

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Higher Home Prices Reduce California Housing Affordability

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Rising home prices offset lower interest rates, reducing housing affordability in California during the third quarter of 2012, the California Association of Realtors reported. The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California fell to 49 percent in the third quarter of 2012, down from 51 percent in second-quarter 2012 and from 51 percent in third-quarter 2011, according to C.A.R.’s Traditional Housing Affordability Index (HAI). .

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Real Estate Negotiation 101

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I find the “art” of negotiating to be a truly fascinating experience, and find myself often times spending as much time assisting investors to learn the business as I do helping them to understand effective and execute negotiating techniques. .

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Who Pays For Repairs In A Short Sale?

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I have a fence surrounding my backyard that has a 10-foot crack in it. When I push on the wall, it moves. The crack isn’t new. I noticed it the first time I looked at the house with my real estate agent. But because my husband and I bought our home in a short sale, we weren’t able to ask for any repairs, and the crack and damaged wall remain. .

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Facing a huge Down Payment?

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Do you have $70,000 for a down payment on a house? In California, that’s roughly what you’d need to make the 20 percent down payment a conventional loan requires. When my husband and I bought our house, we had savings—but not that much. Which left us with the question: What can we do? The answer: an FHA loan. .

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National Parks: Sequoia and Yosemite

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Hey there, happy campers! Check out some premium properties that lie close to the border to some of California’s most beloved National parks.

Yosemite National Park, California, Yosemite National Park is one of the most-visited National Parks.

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Selling Your Home and Closing the Deal

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There is no question that selling a home is an important event. A home sale represents transition, movement and change. Big money is involved. Households move from the known and comfortable to the unknown and a period of adjustment. There may be job changes, new schools, distance from old friends and the possibility of new ones. No less important, a home sale by itself can be complex. There will be people looking at your house, documents to sign and issues to be negotiated. .

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Top 10 Turnaround Towns

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In the third quarter 2012, the nation’s real estate turnaround continued its movement to Western states. Realtor.com data also shows the recovery is both accelerating and broadening to reach more markets. In Q3 2012, the nation saw a reduction in median age of inventory of -13.89%, as well as a year-over-year reduction in inventory of -8.51%. National median list prices also increased slightly at 2.54% year-over-year during the third quarter. .

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Why You Should Never Pay Your Contractor Up Front

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I preach all of the time about the need to vet contractors carefully before using them on an investment property (or any property for that matter). There are simply too many fly-by-night contractors out there who will you tell you what you want to hear to get the job, but will ultimately burn you in the end. In fact, one of the reasons I really like the turn-key model is that it insulates an investor from ever dealing with contractors. (A turn-key property is purchased with the repairs already completed with no need to manage a rehab or worry about the funds needed for repairs –see article on this topic) .

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Money Management

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To you, our readers, it’s probably not news that, as of January 1, 2013, a new, hotly-contested investment income tax will take effect. But don’t think that it only affects the country’s high earners –this new tax could also impact your real estate transactions in the future. .

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Sacramento County

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Sacramento County is an eclectic mix of agricultural land and bustling city, but the area is also teeming with horses. Sacramento County was incorporated in 1850 as one of the original 27 counties of California. Four years later, the city of Sacramento was named the capital. Today, the county encompasses 994 square miles of the Central Valley and some of the richest agricultural lands in the state. The state Capitol building is located downtown and offers tours, and .

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Don’t Let Emotions Get in the Way

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In addition to preparing your home for sale, there is another thing buyers can do to get ready for when that first offer comes in. Realtor® Sally Ponchak reminds sellers to come from a place of reason not emotion when it comes to pricing the home and responding to that first offer:

Most people love their homes. It’s where they’ve lived, loved, laughed, created happy memories, raised their family. But when it comes time to sell, it’s important that they distance themselves from those emotions. Failing to do so can wind up costing money in the end. .

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