Richard Greenwood

"Property Manager"

I'm a:	Real Estate Professional
Company:	Hidden Market Realty
Location:	Temecula
Web sites:	Our Home Seller Support Service
Phone:	(951) 308-1917

8 Answers
2 First Answers
6 Useful Answers

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About Me

We solve real estate problems. Everyone needs a place to live... but not everyone needs to own it. Every building needs to be managed.

Together with my business partner Marti Scott, we have well over 50 years experience in real estate and business. If you have a real estate problem, we'll help you trouble shoot it.

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Richard Gree…'s Questions (0)

Richard Gree…'s Answers (8)

Why would I buy now instead of six months from now or next year?

Asked Wed Apr 23 2008, 09:34 by Nancy G. Hun… - 92563 - Home Buying - 14 answers

Richard Greenwood answered:

Now is not necessarily a good or a bad time to buy BUT it is certainly a VERY RISKY time to buy.

The only reason I would buy right now is if I found a property at a very serious discount from similar properties currently on the market or if I found that special home that I was going to personally occupy for five years or longer.

You'll find lots of helpful info to support my comments at http://TheGreatCorrection.com - Tue Aug 19 2008, 10:45

Why are qualified buyers being punished for past lending & borrowing "sins?"

Asked Tue Aug 19 2008, 10:13 by The Boswell… - 92563 - Home Buying - 7 answers

Richard Greenwood answered:

The same lenders who made bad approval decisions are now appearing to make bad denial decisions. I suspect that the real problem is that it's OK to make bad decisions as long as you have government assistance to bail you out. It's nothing personal... just your tax dollar at work. - Tue Aug 19 2008, 10:35

How Low Will they go???

Asked Wed Sep 19 2007, 23:49 by Ryan Lee - 92592 - Foreclosure - 9 answers

Richard Greenwood answered:

Here's three reasons to expect further price declines in our area

1. CEO of the Bank of America was recently reported as stating his company expects a further price decline of 20% in California

2. PMI Private Mortgage Insurance has identified the Riverside MSA as the area with the greatest risk of future price declines.

3. Median home prices are still over 5 times the median income. Long term average has been 3X.
It is very reasonable to expect movement toward the long run average.

75 years ago our country was in the midst of the Great Depression... now we are in the midst of the Great Correction.

You'll find details on the above comments and much more useful information at http://TheGreatCorrection.com - Sat Aug 9 2008, 05:42

It is highly likely that home prices will drop 20% from their high about 2 years ago. The wild card here is the affect that the proposed Liberty Quarry will have on home values. To learn more about the quarry, simply search "Liberty Quarry" in Google. - Thu Sep 20 2007, 07:17

I'm looking for a great deal on a home in Murrieta or Temecula. Has the market bottomed out yet?

Asked Mon Apr 21 2008, 05:53 by Ed Mikenas - Murrieta - Market Conditions - 5 answers

Richard Greenwood answered:

Keep waiting... it's coming. Just remember... in the stock market.. bulls make money, bears make money and pigs get slaughtered. If you try to time the market exactly, you may miss out.

Consider following Warren Buffet's simple wisdom of remaining fearful when others are greedy and greedy when others are fearful. It seems to have worked well for him.

Got questions?? Call me at 951-308-1917. - Mon Apr 21 2008, 15:06

I am interested in a 3 BR house or condo in Temecula. I'm a first time buyer.

Asked Fri Apr 18 2008, 20:06 by Buyer - Temecula - Home Buying - 5 answers

Richard Greenwood answered:

Buying a home is an exercise in value clarification. In simple terms, there are always going to be trade offs to be made just as there are in choosing a job or a mate. These choices will become clearer as you progress in your home search.

Get prequalified in advance to that you will be a strong buyer when you do find what you are looking for. Prices have dropped dramatically and sellers are beginning to see multiple offers again. Being prepared will give you an advantage that could mean many thousands of dollars to you.

Take your time, do your homework and work with a local area specialist. - Sat Apr 19 2008, 19:54

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