Herb Schmulewicz's (hschmule) Blog

A short sale is one in which a seller owes more on the property than what it is going to be purchased for. As a result, not only does the seller need to agree to the sale, but so does the current lender. The process is quite lengthy for many reasons, but can have a positive result in that a buyer...

Short Sales and Foreclosures are a great way to find a deal. Buying or Selling I also think you can find a standard sale and possibly grab a great deal too. It's all about the agent.  Buy a Foreclosure, Buy a Short Sale,   STOP! The answer to finding a the deal, is finding an agent with passion, ...

I consider myself a very straight shooter. I care about people. Not just to make the sale, but really care about people. I'd like to think that people believe I have integrity and always give people the benefit.  There is something about understanding someone Else's paradigm, right? I signed up f...

Daly City Real Estate, South San Francisco Real Estate, San Bruno Real Estate and Pacifica Real Estate. These areas have become an attractive area for first time buyers. With interest rates down, and rents up, it's time to think about that purchase. I see these homes and compared to just 3 years ...

I woke up this morning and decided to think out loud. The sales in the coastal communities have slowed down a bit, more so then some of the other cities in the area, such as Daly City, South San Francisco, San Bruno. A few thoughts along those lines.  I pulled up info on Short Sales and Bank Owne...

I've had three listings within this last year which I've suggest we take off the market. Two of the three clients got caught right as the market began to decline in this area and didn't really need to sell, so I suggested we take their homes off the market. The first home would have been short if...

Just a thought. A buyer doesn't have 20% down, so why not just put 3.5% down? Anything less then 20%, the buyer must pay mortgage insurance, so he/she ends up with several hundred dollars a month additional to pay on a monthly basis. I'd almost think, if you are only putting 10% down, you might a...

I'm planning to put together an informal seminar for buyers. Some of the topics to be covered are: Buying/purchasing a short sale. Buying/purchasing a bank owned property. Buying a property with only 3.5% down ( yes.. really) FHA loans and general information to prepare you so you feel like you a...

Just curious of opinions on both sides. Merrill Lynch CEO wants his 10 million dollar bonus.  I agree he has worked hard. Merrill is planning to cut 20% of their workforce. Merrill Lynch reports a loss of 10 billion dollars. I'd be curious as to what people make of all of this. Does anyone find t...

I worried about a recent offer as to what we came in at, thinking it may be a little low ( because there are multiple offers) and worried if my client would be disappointed if they didn't get the house.  I made sure to spend time with my clients, making sure I understood how strong they felt abou...