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Can Your REALTOR Answer These Important Questions? | Kris and Kimberly Darney

Can Your REALTOR Answer These Important Questions?

Can Your REALTOR Answer These Important Questions?

Can Your REALTOR Answer These Important Questions?

Whether you are selling or buying a home, the real estate agent you hire is critical to guaranteeing your family makes the right decision. Most agents can walk you through the process and explain the industry ‘lingo,’ but you should expect so much more than that.

The housing crisis made everyone aware that truly understanding the real estate market is more complicated than it seems. Today, there are many questions your real estate agent must be able to answer to ensure your family is making the right decision. Here are just a few:

  • What impact does the movement in mortgage interest rates have on buyer demand?
  • With home prices increasing rapidly, are we headed toward another housing bubble?
  • Do you need a 20% down payment to purchase a home?
  • Why can’t we list at a higher price and drop it later if necessary?

When you are interviewing an agent to represent your family in your next real estate transaction, make sure they can intelligently answer all your questions, while simply and effectively explaining what is happening in the current housing market.

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Kris and Kim Darney – REALTORS® – Grandparents – 714.657.6634 – CA BRE# 01930954; 01464957; 01458057
Forbes 400 Worth How Much?

Forbes 400 Worth How Much?

According to new research from Forbes, The 400 richest people in the U.S. are now worth a record total of $2 trillion.  Entry into this prestigious group starts at a net worth of $1.3 billion, while the average net worth of the group is $5 billion.  Topping the 400...

Look Up for Changes!

Look Up for Changes!

While ceiling decor might not be the first thing you think about when designing a house, ceilings are a great way to create space or add a focal point. Whether you are dreaming about remodeling a kitchen or an indoor pool, there are endless style options for homeowners looking to add some extra pizazz to the space above their heads.

2.3 Million California Homeowners Are “Almost” or Completely Underwater as of July 2013

2.3 Million California Homeowners Are “Almost” or Completely Underwater as of July 2013

Recent numbers place California in the same state of affairs it was just 6 months back! Roughly 6.8 Million SFR mortgages of which 2.3 million are close to or are clearly underwater. A rise in interest rates could throw this number even further into the red…which, is likely to happen over the next few months…above the 5% level! :/

FHA Back to Work Lending Guidelines: Repurchase 12 Months After Short Sale

FHA Back to Work Lending Guidelines: Repurchase 12 Months After Short Sale

What we have been waiting for: FHA announces Re-Purchase Program 12 Months after SHORT SALE.

Eligibility Requirements:

Experienced and Economic Event… (Vague? Most homeowners have been hit with an unforeseen economic hardship)
Must Be Fully Recovered… (You’ve been employed and making money for the last 12 months and your credit reflects your recovery)
Complete HUD Housing Counseling… (Pretty simple…takes an hour or so and you receive a certificate)
Reduction of 20% of your income Due To The Economic Event… (In our experience, this is representative of 90% of the homeowners that have short sold their homes)

Wells Fargo…Current Spike in Home Prices…”Bubble within a Bust”, More Short Sales

Wells Fargo…Current Spike in Home Prices…”Bubble within a Bust”, More Short Sales

By now you've probably heard that home prices are rising...at high rates, some even cracking the double digit rates! Ask yourself, How and Why? Easy answer...the banks (servicers) are at it again. By not pursuing foreclosure process on homeowners that don't pay, the...

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