The average effective rent, the amount paid after discounting, was $997 in the second quarter of the year, up from $974 a year earlier, according to a report scheduled for release Thursday by Reis Inc., which tracks leasing data for 82 markets. Second-quarter rents rose in all but two markets.
Most of the news lately about real estate has been dismal: Home prices are swooning, foreclosures ballooning.
There is, however, one bright spot: the rental market, where demand is up and rents are rising.
DID YOU KNOW……..
If you buy an investment property in California and the following four items apply, you are in violation of civil code if you do not make an offer on a specialized contract called a NODPA.
1. Owner occupied
2. 1 to 4 units
3. Buyer is an investor
4. Notice of default filed
It gets worse, …….the Seller can come back and take back ownership from you up to two years afterwards!
Just ONE of many good reasons to work with an agent who is experienced in working with investors. All contracts appear the same but now you know they are NOT!
5 Reasons You Need ME or another REALTOR
A real estate transaction is VERY complicated. It can be like a foreign language for beginners. In most cases, buying or selling a home requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multi-page government-mandated settlement statements. A knowledgeable guide through this complexity can help you avoid delays or costly mistakes.
Selling or buying a home is time consuming. Even in a strong market, homes in our area stay on the market for an average of __64__ days. And it usually takes another 30 days or so for the transaction to close after an offer is accepted.Continue reading
Sales numbers nationwide are about 13,700 a day! Those are healthy numbers. Please, please don't listen to all the negative news about how bad our market is. Houses are still selling. Families are still growing and demand for homes remains strong.
Should you refinance? It's NOT too late. Take advantage of all-time low rates today. If you need help finding a trusted agent, call me and I'm happy to refer you to someone you can trust.
WHAT'S NEW? Low inventory, that's what. BUT………If you haven't seen any of these opportunities, NOW is the time. We've had some properties sitting on the market for awhile and they are ripe for the picking. Come take a look at some of the opportunities available in Livermore this weekend, Saturday 10am to noon. Meet me at the office. Investors and first-time buyers are welcome. You will receive a worth-while incentive for showing up on the tour. If you are just information gathering, I welcome you too!
MEET: 1790 First Street, Prudential CA Realty office. 10AM SHARP! We will be done by noon. RSVP TEAM@NATALIESWNANSON.COM
Second and Fourth Saturdays of the month: That means tomorrow! Sept. 24th.
See you there!!
Today I met with Bankruptcy Attorney, Jen Grondahl Lee. We discussed briefly new Senate Bill 458, and how it may effect Short Sellers. Please see the attached link to Jen's most recent blog post on the subject. I hope you find the information helpful. If Bankruptcy is a potential option for you, I highly recommend that you contact Jen for legal advice. She cares a lot for each and every one of her clients.
Senate Bill 458 Legal Considerations
Looking for news about the community of Livermore? Search no more! Check out LIVERMORE.PATCH.COM. If you are looking for everything local, this is the site for you. You can sign up for instant email alerts when there are serious situations gong on in the city. Livermore Patch is a great resource to stay connected. Visit our news website today!
I've been telling folks for awhile to look at price per square foot for a solid and quick indicator on our local market. Prices look flatline over the last 12 months. Sure, we have blips up and down for seasonality, but overall, we look darn stable.
Have a look for yourself. What do YOU see? I see value in the market place. When neighboring Pleasanton has a median price around $715,000, and we are low $400's, I think buy, buy, buy. Buy now! Rents are up, investors are out. Can it get better? I'm not sure it can. JOIN ME on my bank owned property tours. Check with with me for details.