John Fischer's Real Estate Views

John Fischer

Subscribe  |  John Fischer Real Estate  |  Home Values  |  Your Dream Home  |  Contact
 

Volume 1 | Issue 2 | Feb 2011

In This Issue:

A Note From John:
This Month's Note from John:
How Can I Help?

Featured Article:
Real Estate Investing - Is Now The Time?

Mixed Bag
A Monthly Offering on a Variety of Current Topics
 

MARKET MINDER*


January 2011**

  Active

Pending

Sold

Lafayette

61

22

10

Moraga

31

24

7

Orinda

44

16

9

Pleasanton

149

112

41

Dublin

153

162

32

Alamo

70

20

9

Blackhawk

31

16

9

Danville

140

100

28

Diablo

4

1

1

San Ramon

216

177

44

*I have much more data at my fingertips than can go in the newsletter. If you would like more specific information about a particular area or neighborhood, even if it is what the neighbor's house really sold for, just call or email me and I will be happy to provide the information for you.

** These statistics reflect active, pending and sold single family homes for the month ending January 31st, 2011.

MORTGAGE MARKET


WEEK OF February 7th

Loan (National Average)
15 Yr Fixed Conforming
30 Yr Fixed Conforming
30 Yr Fixed Jumbo
5/1 ARM Conforming

Rate
4.24%
4.88%
5.50%
3.24%

Interest rates per MonitorBankRates

MEANINGFUL LINKS
John Fischer Real Estate

San Ramon Valley School District

Pleasanton School District

Acalanes School District

Danville Express

Groupon

Blackboard Eats


Home Search


If you have a family member, friend or co-worker who is thinking about buying or selling their home, please forward this email to them or have them contact me at:

[email protected]

Your referrals are truly appreciated!

 

A Note From John

How Can I Help?


I hope that you enjoyed my first newsletter. I had one reader ask me how I was going to put meaningful content in each month's issue. Good question!

As you know, the real estate market is not static, but very dynamic. It's that way nationally, regionally and in the Tri-Valley, so it should be easy to come up with topics that are current and relevant.

While there is always something new happening in the market to report on these days, I would prefer to write about what you are interested in. So I need to enlist your help. If you have any ideas for topics that you'd like to hear about on the market, our community or anything else, please let me know by sending a email to me at [email protected].

Thank you in advance,

- John Fischer

Featured Article

Real Estate Investing - Is Now The Time?

With the steady inflow of new foreclosures, short sales and other distressed properties coming on the market, and with low interest rates that are inching up, you might be thinking about diving into the cold waters of real estate investing.

There are tremendous opportunities right now in California, Arizona, Nevada and Idaho just to mention a few. Those unfortunate enough to lose their homes to foreclosure or short sales still have to live somewhere, so the rental housing market is booming. And it's actually possible to fix and flip homes for a profit right now.

So, here are a few tips to keep in mind while exploring the possibility of buying real estate investments.

You make money when you purchase the home, not when you sell it. This may seem contrary to what you might think, but you MUST buy property for less than it is actually worth if your investment it to be sound.

Make sure there is positive cash flow from the rental of the home. Be conservative in calculating your numbers, it's better to under estimate your income than over estimating it.

Buying real estate, like any other investment has inherent risks and you can lose money. Choose wisely and know that some investments will go down in value. One key is to be unemotional when looking to buy property. You may love the home, but that doesn't make it a good investment. Be sure to set a maximum price before beginning the negotiations and be willing to walk away if you don't get your price.

The following basic investment tenets hold true in real estate too; buy low sell high. When people are selling, buy. When people are buying, sell. Don't put all your eggs in one basket.

All that being said, this is a great time to invest in real estate. I'd be happy to sit down and discuss the opportunities with you.

Mixed Bag

The State of REOs and Foreclosures

It doesn't look like foreclosures will stop for quite awhile, and predictions range from 2 to 5 years before we see the end. Currently, sellers are forced to be competitive with REOs (bank owned properties), thus prices continue to decline.

Fortunately for buyers, good values abound, but you need to be aware when purchasing an REO that the banks in most cases are not accepting any Request for Repairs or even Section 1 termite corrections once the price has been negotiated for these REOs. It's truly Buyer Beware with Foreclosures. Of course, lenders won't lend on homes where certain repairs have not been completed. Yes, everything is in the bank's favor, so cash is King when purchasing bank owned properties.

It appears that home prices are compressing, meaning that homes priced at the low end of the market are firming and in some cases going up while higher-end priced properties are mostly selling at below asking price.

Generally speaking, families are not moving up to larger homes, but low interest rates have given buyers looking for lower priced homes a reason to be aggressive in the market. Now is a good time to be a buyer in both high-end and lower priced homes.

Ask John Fischer
Have a question about Real Estate, buying or selling a home or the community? I encourage you to get in touch with me, I'm here to serve.
Click here to get answers
Ask Your Question
About John Fischer
About J. Rockcliff Realtors:

J. Rockcliff Realtors is one of the fastest growing real estate companies in California and after four years has distinguished itself as The East Bay’s Premier Real Estate Company.

We currently have over 600 agents located in nine offices (Danville, Blackhawk (2), Walnut Creek, Lafayette, Orinda, Pleasanton, Livermore and our newest in the Montclair District in Oakland). We are doing more business than any other company in our area. The agents are a select group of the East Bay's most talented real estate professionals that have more experience and more resources available than any other company. I feel very proud to be a part of this group and to work closely with my fellow Rockcliff agents. We are able to share market knowledge and service vendors to enhance our client's experiences.

J. Rockcliff Realtors is strategically positioned to be the company of choice now and in the future.

John Fischer
President's Club '08, '09 '10
CA DRE #00695958
925-980-4816
[email protected]
http://www.johnfischerrealestate.com

J. Rockcliff REALTORS
15 Railroad Ave., Danville, CA 94526

"Serving the East Bay communities of Diablo Valley (Alamo, Blackhawk, Danville, Diablo, San Ramon), Lamorinda (Lafayette, Moraga, Orinda), Walnut Creek and Tri-Valley (Pleasanton, Dublin)."

Copyright © 2011 John Fischer

Newsletter by DoorJamb Productions