Featured article
Posted on 08 February 2012
The hospitality sector is a market many overlook as an overall indicator economy wise. By way of illustration, the rise in hotel foreclosures in California last year mirrored the state's overall situation. According to this report from the LA Times, hoteliers across the state went out of business at a rate that was 66% greater than the year before. Think how many jobs this cost, how many homes and livelihoods were tied to those hotels. Continue Reading...
CENTURY 21 Village Realty’s San Gabriel Valley office yesterday unveiled the winners of its annual sales production awards, acknowledging the company’s top performing agents in terms of sales whilst also paying tribute to its best newcomer with the “Rookie of the Year” award.
Thousands of real estate deals up and down the country continue to called off due to low appraisals which come in lower than the previously agreed-upon sales price, new surveys have revealed.
A “subject-to” offer simply means that the buyer is willing to purchase a piece of property “subject-to” some specific circumstance. Usually that circumstance will be the sellers existing mortgage. It can also be a variety of other things, but in most cases it’s always a bit of a gamble for the seller…
Although we might be awash with foreclosed homes at the moment, the best of these properties aren’t always so easy for buyers to get their hands on. One of the main problems is that foreclosures are available at such big discounts – perhaps as much as 35% less than the market rate – meaning that investors with cash in hand are often able to trump the rest of us.
Traditionally in real estate, the spring season is the time of year that things begin to hot up, with big increases in the number of homes being bought and sold. Experts are hopeful that this year’s spring could well be one of the best we have seen in quite a while.
