I was pondering this question today in the context of one of our listings. The answer is simple:
Fear of Loss.
This house in Larkspur, on the lagoon, has been going through the normal sales cycle in Marin right now.
It’s been on a little over 100 days, and had a couple of price reductions. It went […]
Marin County is experiencing the strongest buyer’s market we’ve seen in years.
Currently, percent in contract is 15%. That’s up slightly from last week when it was at 14%.
We are getting the sense that it bottomed out. Besides the rise in the stats, we also had vastly increased traffic at our open houses last weekend. […]
How do you pull that off, when a conforming loan is $417,000?
Simple - Seller Financing.
This is a great house, incredibly charming, great yard, and an easy walk to the Ross School.
The seller is willing to finance, for five years, at the same rate as the conforming loan. It works like this.
Sale Price: $1,199,000
20% Down: […]
Everyone expects the Fed to cut mortgage rates tomorrow.
I really, really, REALLY wish I could say that mortgage rates will come down immediately, but I doubt it.
Mortgages are usually a function of the 10-year treasury note. What has happened recently, however, is that the spread - the difference between the 10 year note and […]
My best client called yesterday.
He purchases remodel projects, scrapes them, and builds new homes in their place. He’s done very well over the years, and we’ve done a number of transactions with him.
When he called, he said, “I want to make sure you’re looking really carefully at property right now. This is the time […]
