Accurately pricing your home for sale

by Ana ConnellJuly 29, 2010

Image by Getty Images via @daylife

Accurately pricing a home for sale continues to be one of the most important factors in determining whether a home sells or lingers on the market. In some cases, sellers may need to reduce their asking price to attract buyers and offers.
Many homeowners struggle with determining whether or not [...]

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Real estate facts for California

by Ana ConnellJuly 21, 2010

Calif. median home price: May 2010: $324,430 (Source: C.A.R.)

Calif. highest median home price by C.A.R. region May 2010: Santa Barbara So. Coast $905,000 (Source: C.A.R.)

Calif. lowest median home price by C.A.R. region May 2010: High Desert $126,430 (Source: C.A.R.)

Calif. First-time Buyer Affordability Index - First quarter 2010: 66 percent (Source: C.A.R.)

Mortgage rates: Week [...]

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What’s happening in your Burbank neighborhood?

by Ana ConnellJuly 2, 2010

Ever wonder if there is an easy way to know what’s going on in your neighborhood with respect to proposed projects?
The City of  Burbank Planning Department has now made it much easier for you to see what is going in your neighborhood!  Proposed and current projects are available via the Planning [...]

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New home sales plummet, California median prices rise

by Ana ConnellJune 25, 2010

Image via Wikipedia

New home sales numbers were announced this week and they were bleak.  Down 33%, the lowest level since 1963!  This followed the surge in April where they increased by 14.8% and what it’s telling us is that the end of the first time homebuyer credit did have an impact.
To put this into perspective, [...]

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Existing home sales and other economic news

by Ana ConnellJune 23, 2010

Image by Getty Images via @daylife

Existing home sales posted a drop of 2.2%, making for very disappointing, but not completely unexpected news.
On a slightly more positive note, prices were up 4.2% in May.  One thing to note however, is that the Mortgage Bankers Association reported that it’s composite index of mortgage applications for the week [...]

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Stage your home and you may sell it faster

by Ana ConnellJune 20, 2010

Image by boulderite via Flickr

Stage to Sell Your Home Fast
According to RISMEDIA, surveys show that staging pays off and often helps to sell a home fast. But your clients don’t have to spend thousands to make a big impact. Put the home center stage with these cost saving tips:
1. First Impressions [...]

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Economic Real Estate Update

by Ana ConnellMay 26, 2010

Image via Wikipedia

Existing home sales came out on Monday and saw a 7.6 percent jump in existing home sales to a 5.77 million annual rate.  Inventory on the market jumped 11.5 percent to 8.4 months.  Home prices were up 2.1 percent to a median $173,100.
We saw comparable gains for both single-family homes, up 7.4 [...]

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Questions to ask when buying your condo or townhouse

by Ana ConnellMay 22, 2010

Image via Wikipedia

When buying your condo or townhouse, you need to do your homework.
Here are some important questions to ask before you make an offer or while you are in the contingency period:
1. Are there any HOA(Homeowners Association) issues
The seller is legally obligated to provide any information they are aware of in [...]

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Burbank home sales stats for April 2010

by Ana ConnellMay 21, 2010

Burbank home sales for April 2010 vs. March 2010:

· new listings down 13%
· days on market (DOM)  no change at 63

· under contract or pending sales up 21.5%
· average list prices are up 3%
· average sold prices are up 3.7%
While this is month to month information, it does give us some insights [...]

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Understanding the short sale myths

by Ana ConnellMay 14, 2010

Image by TheTruthAbout… via Flickr

With short sales making up a significant amount of current listings in our area and nationally, it’s important to understand the short sale process and talk about some of the myths surrounding these transactions, especially if you are considering a short sale on the sale of your home:
1. You must [...]

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