Have A wonderful Holiday Season

It’s hard to believe the Winter Holidays are here, which means the New Year “2009” is right around the corner.  The year 2008 will long be remembered in History Books as a year of challenges!

 

If you have the cash and the strong credit rating – this is the real estate market for you.  Loans up to $625,000 are definitely more accessible than the Jumbo’s, however, Jumbo loans are out there. It just takes a professional with the expertise in arranging and placing loans to guide you through the process.  Please seek advice from a professional loan/mortgage broker.  Contact me for recommendations of long time trusted individuals who do just that!

 

There is no shortage in the number of homes & condos for sale…so you now have an opportunity to make a pretty good deal on an investment for the future.  Some areas have many foreclosures and/or short sales, and yet there are other areas with very few…time will tell.  We just have to watch the real estate market as it continues its adjustment.

 

And that’s exactly what I do and have done for over 25 years, actively selling properties for my clients for their personal use and investments, and helping them to buy the home or investment of their dreams. 

 

My Office is in Brentwood/West Los Angeles and I live in the Sherman Oaks area of the San Fernando Valley… I am prepared to offer you the highest quality in professionalism, commitment and the full service real estate that you deserve. 

 

Every morning I take a few moments to be grateful for the good things in my life, for the love of family & friends and I ask you to please join me in giving thanks to the brave men & women who are defending us 24 hours a day, at “home” and in places foreign to them, so we can enjoy a sense of peace, security and freedom here in the USA.

 

It gives me great pleasure to extend my very best wishes to you and those who are dearest to you an especially warm, healthy and happy Holiday Season and a very Happy New Year.

 

 

 

Financing Your Home Sale or Purchase

Financing a home sale “today” seems to be a real challenge, however, there are some alternatives worth considering.      

     **It’s important that you seek the advise of your financing/tax specialist**

There was a time in the early ‘80s when interest rates were ranging from 13 – 18 % and   conventional loans were also hard to come by.  We sold our listings with Seller financing.  It can be done as the 1st trust deed or as a second trust deed behind a “lenders” 1st position. 

When Seller is willing to carry a 2nd TD – the Bank/Lender is going to require that the terms are structured for a minimum of five (5) years.  Terms can then be set to one of many ways – Interest can be simple interest at a rate offering a good return with the balance due in five years, Pre determined pay down amounts can be setup for once a year, twice a year, 4 times a year, etc.

The seller can consider the interest payments, an addition to the sales price.  For the buyer, the fees will typically be much lower than they would with the bank.

These are some concepts to get you thinking with an open mind of the possible options that may make the difference in a successful sale or purchase of your home.  The idea is to think of other ways to sell/buy a home when prices are looking good, and yet the conventional loans are difficult to find.

     **Please be sure to check with your personal finance/tax specialist**