http://www.marinrealestateinsider.com Sat, 28 Jun 2008 18:06:30 +0000 http://backend.userland.com/rss092 en Market Report: Stabilizing Trend on the Horizon? It has been a difficult year for Marin real estate. Total unit sales are off 35% for homes, and 38% for condominiums. Condominium average sale price is down 10%. Some realtors are learning new phrases, like "Did you say one or two shots ... http://www.marinrealestateinsider.com/market-reports/marin-county-real-estate-market-report-june-2008/ A long-time client sent us a tip on a terrific new book by Richard Florida, “Who’s Your City?”  For fans of economic theory and real estate (and who isn’t?) it’s an interesting read. As noted by Carol Lloyd in the San Francisco Chronicle, the book explains in a very rational ... http://www.marinrealestateinsider.com/uncategorized/marin-county-real-estate-part-of-a-superstar-region/ Yes, the Chronicle says we're in the midst of a giant downturn. The IJ says home sales plummet in January (they did). Someone forgot tell home buyers in Corte Madera. Real estate sales have picked up quite a bit here. For example, 247 Sausalito, asking $799,000: Four offers, after 10 days, ... http://www.marinrealestateinsider.com/for-buyers/market-report-heating-up-in-corte-madera/ That's  a decision every buyer needs to make on their own. I heard a great quote the other day: "The time to buy is when there is blood in the streets. Not when everyone else is buying, when you're fighting with five other offers to get accepted. It's when nobody else ... http://www.marinrealestateinsider.com/uncategorized/is-it-time-to-buy-in-marin-county-real-estate/ The Fed's surprise rate cut last week of .75 points won't affect mortgage rates, at least in the short term. But it will be a big net positive for the market. There will be three big effects on consumers that will positively affect house-buying activity. 1. Home Equity Loans. If you ... http://www.marinrealestateinsider.com/uncategorized/fed-rate-cut-it-wont-change-marin-mortgage-rates-but-it-will-improve-the-market/ The latest foreclosure news from Data Quick is up - the Marin IJ story ran yesterday.  And the San Francisco Chronicle did also.  The news is not good. But it's not nearly as bad as the headlines. First, some perspective. There were 40 foreclosures in Marin in the fourth quarter, according ... http://www.marinrealestateinsider.com/for-buyers/marin-county-foreclosures-as-usual-its-not-as-bad-as-you-think/ As the avalanche of scary real estate news continues, we've noticed a new trend in offers on real estate in Marin: buyers coming in with extremely low offers on property, often in the range of 80% of the asking price. Last night I heard about a home asking $950,000 ... http://www.marinrealestateinsider.com/marin-real-estate/marin-county-real-estate-dont-believe-everything-you-read-the-bottom-is-not-falling-out/ Continuing to pick up information from the Andy Sirkin seminar on TICs, one of the questions he addressed, and one of the ones I get all of the time, is "So are these condominiums?" At Pacific Trail Townhomes , we are very careful to explain these are not condos. However, ... http://www.marinrealestateinsider.com/residential-income-and-investment-property/are-tics-condominiums/ One thing we learned pretty quickly in selling TICs in Marin County is that the learning curve, for realtors and buyers both, is quite steep. There is a lot of detail, lots of questions, lots of unknowns. We're trying to make it easier by creating this video that explains the ... http://www.marinrealestateinsider.com/affordable-housing/pacific-trail-townhomes-learn-more-about-marin-county-tics-now-with-this-simple-video/ TICs are now a major part of the San Francisco real estate market. Last year, 25% of the units sold were TICs! The TIC agreement for Pacific Trail was developed by Andy Sirkin, the leading attorney for TICs in San Francisco. Andy has done over 5500 joint ownership agreements, so ... http://www.marinrealestateinsider.com/tics/andy-sirkin-on-tics-will-tics-work-for-marin-county-real-estate/