Wine Country Estates Meeting
This morning I attended the joint Estates Division meeting of the Pacific Union Napa, Sonoma and St. Helena offices. The meeting was chaired by my fellow Estates Division Director, Maurice Tegelaar and attended by lots of old friends. Market trends and conditions were discussed as well as several exceptional properties.
The good news is that pending [...]
Upbeat Housing News
In the San Francisco Chronicle’s business report today, Carolyn Said has an encouraging article about the increase in both sales and home prices throughout the Bay Area in March.
Home sales rise, median prices jump
For specific stats go to March 2010 Statistics from the Contra Costa Association of Realtors.
If you or a friend wants to talk real [...]
Why DO Short Sales Take So Long To Close?
Short Sales take time, averaging from 90-150 days to close escrow, if they do close. Many fall apart at the end of an arduous process in spite of the best efforts of most of the parties involved. Given the number of homes under water in California, recently estimated at 1 in 7, it would seem [...]
Intro To Short Sales
Although I have not been asked to represent the seller of a Short Sale as yet, buyers frequently ask me if I think they should actively pursue a Short Sale. The term Short Sale refers to properties in which the owner owes more money to the lender than the property’s value. These properties are said [...]
Susan O. Peterson