The New Year is Heating UP!

Market activity has started to heat up this week. Buyer’s are definitely back in the market after the Holiday's and sellers that have their homes for sale are lowering their prices. A member on our team received 6 offers on a bank owned property the other day. If the price is right, people are making a move. For the people who have the cash to buy and/or can get approved for a loan this is a great time to buy.

What do I predict? The number of bank owned properties for sale will increase quarter 1 through quarter 2. The banks will make up the loss they are taking on these homes. They need to lend money. Therefore, we will see more loan programs offered in the market by middle of the this year. Pent up demand will unleash by Q4 to leave the total sales volume for 2008 equivalent to 2007.

Call me today to find out about a new loan program designed to pay off your mortgage and increase your equity! (650) 678-5050. We are doing it on all the properties we own. It is an awesome solution!!