Miscellany
We are quite proud of our web site, trying to bring some information and value to people interested in real estate, or a real estate transaction, and lo and behold, our site was unavailable for the entire day today. Our administrator tells us that their communication provider suffered a calamity in their system, and the calamity? In this age of wireless and the taking for granted of almost everything, somebody cut a wire and disabled every web site these guys host. Our apologies. Irritating possibly, but earth shaking? Hardly.
Our market area continues to have a glut of listed properties for sale, and the national media with a little help from our local dummies continue to "view with alarm", in an attempt to do what? I do not know. California properties continue to show a rise in median home prices, moderating to be sure, but a rise. Gasoline prices are down substantially, and interest rates are at their lowest in the past 7 months. Toss in the employment figures which are just fine and you have a situation which favors the home seeker and offers no discoverable reason for putting off a purchase if buying a home is in your plans or on your wish list. In our market the choice is broad, the financing favorable, and you could be well settled in for the Christmas holidays.
In our own company which has recently introduced a cash to buyer program, we simply add to the reasons for buying now. As a "by the way" this program which has no gimmicks and favors the client has been met with some disfavor by our competitors. A recent post to "craigslist" was flagged, which if you know the site, can be done anonymously and without reason. Childish. We're quite content to compare our service and fees with anyone, and we have a substantial faith that the intelligence of consumers will lead them to pursue their own self interest. We obviously feel that self interest also leads to our door.
On a mortgage note. While there doesn't seem to be persuasive evidence that rates are going to move up significantly, there are in existence a large number of 2/28 and 3/27 mortgages coming to term early next year. These are the fixed for two or three year loans that mutate into variable, and usually carry a prepayment penalty. That first jump can be troubling. We urge you, if you have such a loan, to call us, or another reputable broker, and be prepared to move into an affordable fixed rate mortgage before the term is up. If you prepare in advance you can pay off at the anniversary without penalty and never be exposed to a payment increase. Call us to talk about your situation if you wish. Conversation is free, and if we do a loan for you you'll be pleased with the treatment and the fees.
Apologies again if you were inconvenienced by our web outage. This is the door to our office and we like to keep it open and the light on. Thanks for visiting.
Our market area continues to have a glut of listed properties for sale, and the national media with a little help from our local dummies continue to "view with alarm", in an attempt to do what? I do not know. California properties continue to show a rise in median home prices, moderating to be sure, but a rise. Gasoline prices are down substantially, and interest rates are at their lowest in the past 7 months. Toss in the employment figures which are just fine and you have a situation which favors the home seeker and offers no discoverable reason for putting off a purchase if buying a home is in your plans or on your wish list. In our market the choice is broad, the financing favorable, and you could be well settled in for the Christmas holidays.
In our own company which has recently introduced a cash to buyer program, we simply add to the reasons for buying now. As a "by the way" this program which has no gimmicks and favors the client has been met with some disfavor by our competitors. A recent post to "craigslist" was flagged, which if you know the site, can be done anonymously and without reason. Childish. We're quite content to compare our service and fees with anyone, and we have a substantial faith that the intelligence of consumers will lead them to pursue their own self interest. We obviously feel that self interest also leads to our door.
On a mortgage note. While there doesn't seem to be persuasive evidence that rates are going to move up significantly, there are in existence a large number of 2/28 and 3/27 mortgages coming to term early next year. These are the fixed for two or three year loans that mutate into variable, and usually carry a prepayment penalty. That first jump can be troubling. We urge you, if you have such a loan, to call us, or another reputable broker, and be prepared to move into an affordable fixed rate mortgage before the term is up. If you prepare in advance you can pay off at the anniversary without penalty and never be exposed to a payment increase. Call us to talk about your situation if you wish. Conversation is free, and if we do a loan for you you'll be pleased with the treatment and the fees.
Apologies again if you were inconvenienced by our web outage. This is the door to our office and we like to keep it open and the light on. Thanks for visiting.
posted by Douglas Doss | 9:33 PM
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