Free CMA Comparative Market Analysis

Are you unsure what your home is worth in today’s market? Have you looked on all the public websites and continually wonder if they are accurate? Most of the time Public websites like zillow, trulia, redfin, etc. have very poor estimates of your homes worth in today’s market. I do provide a free CMA for people interested in finding out their current home value. Click on the following link to get started:

http://www.promptrealestate.com/cma/

This CMA provides a look at market conditions in TODAY’s Market. Unfortunately, at this time, I am able to only provide people with CMA’s in the Greater Southern California Area. We look at homes sold in your area within the last 6-8 months. We try to match home models closest to your home’s style. We also take a look at other conditions that may cause your home to be worth more or less in your neighborhood.

Please speak with me if you are interested in selling your home in the near future. Whether it be a Standard Sale or a Short Sale I am able to provide answers for the questions you have. Allow me, to help you, sell your home.

Please join in the conversation here:

Free CMA Comparative Market Analysis

Gas Prices Now Going UP

Well here we go again. According to analysts and refinery reports people in Southern California are seeing a price hike as much as $.73/gallon. Analysts say this is due to slow production by one of the Northern California refineries that has been running at reduced capacity because of a fire earlier in the year.

Why gas prices are going up in October 2012.

Here is my $.02 on the subject. I understand that the government has been telling us for years that it takes many years to build a Refinery for Gas. We’ve been having this argument since the 70’s. Why hasn’t any NEW refineries been built since then? The last NEW refinery that was built in the United States was 1977 in Garyville, Louisiana. All the rest have been upgrades to old Facilities. WHY?!!! We have had rising gas prices for so long and the Government has not allowed any new Oil refineries? All politicians from both sides of the isle say that building a refinery wouldn’t lower gas prices till years from now. But that’s the same excuse that they keep giving every year and nothing has gotten done since the 70’s. This is horrible! It is destroying commuters especially in California. Shipping charges go up, in return that raises prices up on everyone for inflation across the board with every type of good. This gives people less discretionary money and drives down economic growth. Why has this not been done?

Join into the conversation by clicking on the link below:

Gas Prices Now Going UP

Home Prices Increase Major Cities

Home prices are on the rise again after looking at reports from July according to the Standard & Poor’s/Case Shiller index released Tuesday. Many factors have increased sales of homes for the time being with mortgage rates at an all-time low leading decision making.

Many leading cities see rise in home prices

People are feeling the squeeze as banks lower their inventory by slowly releasing supply. If you would like to join in the discussion please click on the link bellow:

 Home Prices Increase Major Cities

What do you think is the cause of increased home sales? Do you give credit to the Fed for the increase? What do you feel is the leading cause?

Rent to Owning a Home

Have you been renting for a while? Have you wondered if it may be cheaper to buy a home rather than rent? What are some of the benefits of home ownership? How can I go about buying a home? All these questions are asked by people buying a home for the first time, or those who are getting back into the home market. These are natural questions, they are important questions, and they are questions that people should evaluate carefully. The below article is a good litmus test of how people can move from renting to owning:

What it takes to own a home?

If you would like to get into the discussion about anything I review please follow the following:

Rent to Owning a Home

We enjoy your comments and look forward to hearing from you!

Less Time Market Homes Sell Quickly

New data has become available indicating the typical amount of time it takes to sell a home has been shrinking. For traditional (non-distressed sellers) days on market is now in the range of historic norms for a balanced market, and well below the cyclical peak reached in 2009. The median time a home was listed for sale on the market was 69-days in July 2012, down 29.6% from a high of 98-days recorded in July of 2011. The median reflects a wide spectrum; one-third of homes purchased in July were on the market for less than a month, while one in five was on the market for at least six months.

Homes Selling More Quickly

Economists agree there is a clear relationship between inventory supply and time on market. As inventory has tightened homes have been selling more quickly. A notable shortening of time on market began this spring, and this has created a general balance between home buyers and sellers in much of the country. Continue reading