Lori Bowers's Blog

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Real Estate Broker/Owner - 01293735 CA

ARCHIVED BLOG POSTS

2013 

I have an elderly lady whose husband died and she has to move out of her own with a short sale. Her income is $1600 per month. She can pay up to $800 a month. Here is what I have learned: 1. 1 bedrooms with no income assistance is $850-$975 a month. 2. Moderate income is $44,000 for 1 person and ...
01/31/2013
I was so impressed yesterday at a realtor event to get an update on this most exclusive country club in the Coachella Valley. The area is pristine with an extraordinary clubhouse, fitness, spa, tennis, 2 championship golf courses and even a bar and barbershop in the men's locker room. The club is...
01/30/2013
As a real estate broker, I view homes everyday. I have big opinions on how homes need to be presented. I love my home and am very comfortable in the home, but with that said, it is far from decorator perfect. As my friend a decorator said  - most homes need some 'botox.' With that said, I do unde...
01/28/2013
There are many reasons to buy a short sale home: 1. The price on short sale homes  is usually less than a regular sale and in many cases less than a forclosure sale 2. You can buy a home without a deposit until bank approval, so if you find a better home or prices go down, you can cancel 3. The o...
01/28/2013
We see and hear about schemes everyday. Let's hope our escrow agents are aware of schemes like this and do not lose our clients money. At least most escrow companies are insures. Beware! Beware of giving out information before you know that it is from the right person and not someone trying to st...
01/27/2013
We hear this over and over. Send at least 5 thank you cards a day and your business will skyrocket plus people will love you. Thank you notes really work. Start today and thank everyone for everything - particularly the agents on the other side of your deals. Simple 101:  Don't forget to send a T...
01/27/2013
Are you wondering what your home is worth in today's real estate market? Here is good information about a comparable market analysis that will give you a good idea of what your home is not only worth but what it will appraise for in today's market. It is not an appraisal but very accurate in most...
01/26/2013
This is a simple plan to make $1,000,000 in 5 years selling real estate. Year one - sell 20 homes ( that is less than 2  month) of at least $300,000 each. Commission = $160,000 after costs Buy a home for $100,000 and rent it for $1000 a month. $6000 income after expenses. Year two - five do the s...
01/26/2013
The California housing market is on fire. Existing homes sales have increased over 10% from last year. The median home price has risen from $277,000 to $345,000 - an increase of 23%. It now takes on the average 38 days to sell a house compared to 55 days one year ago - a decrease of 31%. The 30ye...
01/26/2013
After closing over 2400 real estate transactions, I suggest you close those escrows fast. Anything can happen during an escrow period to stop the sale from closing. Beware and watch out for these issues and others too - Seller dies Seller changes his mind The house starts on fire The buyer loses ...
01/25/2013
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Lori Bowers

The Lori Bowers Group
smartphone(760) 831-1595
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