Rita Moriarty

Hi Mary,

The number of home sales (volume) for many areas of California is up from last year. This could be an indication that we are bottoming out. However, we won't know we've hit the bottom until prices begin to rise. Do you want to buy on the downswing or the upswing?

If you can afford your payment and you plan on living in your home for 7-10 years, then you shouldn't worry. The pride of homeownership is a wonderful thing.

Good luck in your search!

Rita Moriarty
Broker Associate
Realty Benefit - Fri Oct 24 2008, 17:32

Hi Alissa,

This LA Times link provides a daily update of average interest rates for a 30 year fixed loan in California:
http://latimes.interest.com/


Rita Moriarty
Broker Associate
Realty Benefit - Fri Oct 24 2008, 17:09

Hi Elisa,

Yes, this one is pending. Click on this link to see active listings for 92807 in the same price range:
http://www.californialandandproperty.com/content/searchresul…

If you have any questions, I would be happy to assist you.

Rita Moriarty
Broker Associate
Realty Benefit - Mon Oct 20 2008, 17:10

Hello Jm,

There are different types of liens. Some are secured by the property. Some, like HELOCS, are personal loans that won't go away with foreclosure. My advice to you is to make an appointment with a foreclosure counselor at a HUD agency. Go to http://www.hud.gov , click on "foreclosure", and then "talk to a counselor".

Rita Moriarty
Broker Associate
Realty Benefit - Sat Oct 18 2008, 21:33

Hello Dennis,

You can do a little homework to find out if this a legitimate listing. Call a local broker and ask him/her to look up the address in the MLS. Remember, the commission is paid by the seller. As a buyer you should always have an agent working on your behalf. The commission will be paid out of the seller's proceeds. The agent or broker you choose can pull the listing and then do a current market analysis to determine if listing is below market. Your agent can then arrange for you to view the property. If you plan to buy and sell later, expect to be holding your asset for the next 5-10 years. It's not as easy to turn a property around for a quick profit as it was a couple of years ago. You could make it a rental or live in it until the market picks up. Again, a good, local agent can advise you and tell you how long properties are on the market before selling (Average Days on Market).

Good luck in your search!

Rita Moriarty
Broker Associate
Realty Benefit
949 291-1708 - Sat Oct 18 2008, 16:18