The Secret Bank Formula Sowhat is the Banks Secret Formula? Why is it when a Bank Owned property comes on the market in my area they have to wait so many days before they can reduce their price? Even when they know they have listed it way to high from the beginning! I recently submitted an offer of $610,000 for my client on a Bank Owned property listed at $689,000. The Listing Agent said that is a good offer and that it will probably go for around that price but, for now they are only allowed to reduce it by 5% and the lowest they can go is $650,000... Why do they not want to sell it right away? I guess I thought they would be a little smarter than that! Does anybody really know the Secret Bank Formula? Does the Bank even know their own Secret Formula? I truly think they do not know! Ch... 08/10/2010

Cardiff Real Estate Market Report for July 2010 As a buyer or seller in the Cardiff real estate market, having information about the current market conditions will enable you to make an informed decision regarding what to do with regard to buying a home in Cardiff, or selling your Cardiff home.  The Cardiff real estate market is small and very localized, and knowing what is going on with regard to inventory and sales is important for making an informed buying or selling decision. Finding comparables for determining price for either a listing or a purchase can sometimes be tricky because of the limited inventory and the diversity of homes for sale.  READ MORE:   Cardiff by the Sea - Quintessential Beach Community  A Visual Tour of Cardiff-by-the-Sea Want to Live in a Musical Community? T... 08/08/2010

While I was at an Open house this weekend in Cardiff I was asked a funny question! This nice gentleman came in and said "so you work this area a lot right?" I replied "yes" He then said well I cant work with you because you are not going to try and get me the best price. I told him that was not true, and that I am trying to get everybody a fair deal. He said he didn't care about the price he just wanted it to be low... lower than anything else that has sold. I proceeded to tell him that if everybody did exactly what he was trying to do then they wouldn't have any kind of investment in their house. You would be collectively decreasing your value with each and every sale. Might as well put it in the Stock Market... I was kind of blown away because, logically you would think if someone is... 08/02/2010

Click below to get July 8, 2010 Cardiff California mortgage rates for FHA, Conventional and VA home loans. Please call us for jumbo loan rates. There is no need to leave any personal information to get an accurate quote.  Estimated cost of the loan is expressed with APR and a dollar figure so you know what it will cost you including all third party fees.  Because our mortgage rates are updated every 30 minutes, if you visit our rate page on a future date it will reflect rates for that day that you visit.   We are a direct lender with offices in San Diego, throughout Southern California, Northern California and 14 other states.   Click picture for current rates   Cardiff's Direct Lender Click logo to visit our website    California home loans since 1977   First Priority Financial is lice... 07/08/2010

    FHA Pros, LLC, a national FHA condo approval service, has developed a list of facts speaking to the top misconceptions associated with FHA loans in order to help home buyers better navigate an already confusing market. FHA loans are mortgages issued by qualified lenders and insured by the Federal Housing Administration (FHA). 1. FHA loans are not only for lower-income borrowers. FHA loans are available to everyone. There is no maximum income restriction associated with FHA loans, but borrowers do need to substantiate income and assets by submitting proper documentation. 2. FHA loans are not only for first-time buyers. Many people believe FHA loans are available only to first-time home buyers, but this is not the case. 3. FHA loans are not just small loans; in fact, loan amounts can... 07/05/2010

Cardiff Real Estate Market Report for June 2010 As a buyer or seller in the Cardiff real estate market, having information about the current market conditions will enable you to make an informed decision regarding what to do with regard to buying a home in Cardiff, or selling your Cardiff home.  The Cardiff real estate market is small and very localized, and knowing what is going on with regard to inventory and sales is important for making a buying or selling decision. Finding comparables for determining price for either a listing or a purchase can sometimes be tricky because of the limited inventory.  READ MORE:   Cardiff by the Sea - Quintessential Beach Community  A Visual Tour of Cardiff-by-the-Sea Want to Live in a Musical Community? Try the Composer District in Cardiff, CA Here i... 07/04/2010

Cardiff Real Estate Market Report for May 2010 As a buyer or seller in the Cardiff real estate market, having information about the current market conditions will enable you to make an informed decision regarding what to do with regard to buying a home in Cardiff, or selling your Cardiff home.  The Cardiff real estate market is small and very localized, and knowing what is going on with regard to inventory and sales is important for making a buying or selling decision. Finding comparables for determining price for either a listing or a purchase can sometimes be tricky because of the limited inventory.  READ MORE:   Cardiff by the Sea - Quintessential Beach Community  A Visual Tour of Cardiff-by-the-Sea Want to Live in a Musical Community? Try the Composer District in Cardiff, CA Here is... 06/04/2010

A Visit to the Seaside Market in Cardiff-by-the-Sea   The Cardiff Seaside Market  is an amazing local grocer within view of the ocean. Indeed, Seaside Market, in the Walking District of Cardiff, is much more than a grocer.  Read More:  Cardiff-by-the-Sea - The Quintessential Southern California Beach Town    The Seaside Market is also a gathering place for locals and tourists, with a spacious outdoor area for enjoying sandwiches, salads and other take-out foods, or just watching the world go by.  Seaside Market seems to have just about anything most folks could want. In addition to gorgeous piles of fresh vegetables and produce, you‘ll find aisles and aisles of canned and packaged goods you'd expect in the largest grocery stores, plus all sorts of sundries, gift items, stuff for the bea... 05/28/2010

Arts Alive Banner Project 2010 in Encinitas   The auction of the 101 Arts Alive Banners took place yesterday, May 23, 2010 in Cardiff. The Arts Alive Banner Project is a fund raiser, now in its 11th year, sponsored by the 101 Artists Colony. READ MORE: Arts Alive Banner Project | Live Auction | May 23, 2010 Cardiff California   The Arts Alive Banner Project 2010 in Encinitas California is Here Again he Arts Alive Banner Project in Encinitas California - The Unveiling 2/20/2010   Enjoy the photos and the video ******************************** WANNA GOOGLE ME?                        Subscribe in a reader  If I can provide more information about Encinitas and Cardiff real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please co... 05/24/2010

NAR's Second Century Initiatives include the creation of the REALTORS Property ResourceTM (RPR), an online real estate library/archive that will provide real estate professionals with data on every property in the United States. This initiative will provide access to a national database of real property information and will give real estate professionals the best access to real property information needed to serve their clients and customers. It will include in-depth, trusted information on every parcel of real property including public record information, details of prior transactions, MLS-provided information, zoning information, transfer tax information, and other relevant information. The initiative will be based on the collaborative efforts of REALTORS® and the real estate communit... 05/21/2010

NCSDAR reports reports show that April was an outstanding month for real estate sales and closings. The market, driven by lots of factors, not just the tax credits seems to be finding solid footing at last. The average sales price per transaction is almost two and a quarter times higher than it was last year. Listings sold volume is up, sales are up and far fewer sales are falling out of escrow due to buyers failing to qualify. Many have been affected in this area of buyers not qualifying like everyone else. This problem is also quieting down as the lenders are now getting and using clearer guidelines in qualifying buyers. This is good for everyone in our economy. If you would like a detailed home trend report for your area, email your desired zip code(s) to RobDennyHomes@gmail.com. 05/18/2010

As a Realtor listing agent on a short sale, how do you evaluate an offer you receive?  When is the "highest" offer not the "best" offer?  And what are your fiduciary duties to your seller? MYTH OF "HIGHEST" & "BEST" Traditionally we are taught to accept "highest & best" offers.  We are conditioned to an upward-moving market.  But this term used primarily in competitive situations (such as multiple offers), not in reference to distressed property. FIDUCIARY DUTIES According to our California Department of Real Estate exam, an agent owes the principal these five basic fiduciary duties: Utmost Care Obedience and Good Faith Accounting Loyalty Disclosure of Material Facts This may be shocking to you, but "fiduciary duty" does not include "highest" price!!!  That is a commonly held myth that ... 05/12/2010

You'll find great quotes here on "Quote of the Day" http://activerain.com/groups/quote Thanks to Tonia DeBeaux for this quote: "Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness, that frightens us most...We were born to make manifest the glory of God that is within us. It's not just in some of us; it's in all of us.  And when we let our own light shine, we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others." - Marianne Williamson Thanks to Geri Wehry for this quote: "Change your thoughts and you change your world." - Norman Vincent Peale And thanks to Andrew Monaghan for this quote: "You can have reasons or yo... 04/19/2010

Understanding HAFA: The Home Affordable Foreclosure Alternatives Program-20100319 1859-1 The new HAFA Program--Home Affordable Foreclosure Alternatives Program--took effect April 5, 2010.  HAFA has the potential to revolutionize short sales, but its success will depend on vigorous implementation by servicers and recognition by investors and subordinate lien holders that they will lose less in a short sale than in a foreclosure. This Webinar will give you the information you will need to know to make HAFA short sales a success.Moderator: Lynn Madison, president, Lynn Madison Seminars Presenter: Jeff Lischer, managing director, regulatory policy, National Association of REALTORS  https://realtors.webex.com/ec0605l/eventcenter/recording/recordAction.do?theAction=poprecord&actname=/eventcen... 04/16/2010

Cardiff by the Sea Homes - Homes in Cardiff by the Sea - We are proud to announce our newest website featuring Cardiff by the Sea Homes and Cardiff by the Sea Real Estate. On this website you will find all Homes for Sale in Cardiff by the Sea including: Cardiff by the Sea Three Bedroom Homes Cardiff by the Sea Four Bedroom Homes Cardiff by the Sea Five Bedroom Homes Cardiff by the Sea Oceanview Homes Cardiff by the Sea Luxury Estates Thank you for taking the time to visit our website.  We hope to help you with your Cardiff by the Sea property soon. 04/13/2010

As a buyer or seller in the Cardiff real estate market, having information about the current market conditions will enable you to make an informed decision regarding what to do with regard to buying a home in Cardiff, or selling your Cardiff home.  The Cardiff real estate market is small and very localized, and knowing what is going on with regard to inventory and sales is important for making a buying or selling decision. Finding comparables for determining price for either a listing or a purchase can sometimes be tricky because of the limited inventory.  READ MORE:   Cardiff by the Sea - Quintessential Beach Community  A Visual Tour of Cardiff-by-the-Sea Want to Live in a Musical Community? Try the Composer District in Cardiff, CA Here is a summary of the Cardiff real estate market f... 04/04/2010

Tuesday, March 23, 2010 (this is from the C.A.R. e-news):C.A.R. reports February median price increased 14.1 percent; home sales decreased 11.7 percentMultimedia:· Click here to view Unsold Inventory by price point.· Click here to view a data table comparing current prices to trough prices in areas throughout the  state.Quick Facts:· Existing, single-family home sales decreased 11.7 percent in February to a seasonally adjusted rate   of 528,930 units on an annualized basis compared with February 2009.· The statewide median price of an existing single-family home increased 14.1 percent in February to    $279,840, compared with February 2009.· C.A.R.'s Unsold Inventory Index fell to 6.3 months in February, compared with 7.1 months in  February 2009.LOS ANGELES (March 23) - Home sales decr... 04/02/2010

As a listing agent, you receive an offer on your listing.  You should reject the offer when: The offer doesn't make sense or seem reasonable It looks illegal You don't like the buyer's agent Your commission is too low NEVER Yes, this is a trick question!  The correct answer is #5, NEVER.  Why?  You should never, ever reject an offer.  Because YOU are not the Seller.  Your fiduciary duty is to present every offer to your Seller. So what should you do when you receive an offer? 1. Take a notepad and pen and sit down with the offer.  Read the entire offer.  As you read, write down questions.  Write down pros & cons of items that concern your Seller. 2. Call the buyer's agent and acknowledge receipt of the offer, thank her for the offer.  Get all your questions answered.  If the buyer's age... 02/27/2010

As a buyer or seller in the Cardiff real estate market, having information about the current market conditions will enable you to make an informed decision regarding what to do with regard to buying a home in Cardiff, or selling your Cardiff home.  The Cardiff real estate market is small and very localized, and knowing what is going on with regard to inventory and sales is important for making a buying or selling decision. Finding comparables for determining price for either a listing or a purchase can sometimes be tricky because of the limited inventory.  READ MORE:  Cardiff by the Sea  Here is a summary of the Cardiff real estate market for January 2010 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed.   ... 02/08/2010

Of the Encinitas health clubs, EZIA Human Performance in Cardiff CA is a standout. That, in fact, is likely true in all of Southern California!  Co-Founders Isaiah Truyman and Jason Waiton have a real gem, and a truly unique concept, at EZIA Human Performancein Cardiff (Encinitas) California just blocks from the ocean.  EZIA   Easy       ~         Intelligent       ~        Athletic  Just spending a few minutes on their new website will give you a perspective on this one-stop shop "best in class" fitness facility offering private coaching (with on-line scheduling), small and large group training (you can schedule classes on-line), physical therapy and sport massage, nutritional services  and so much more.  Yes, EZIA Human Performance has top-notch equipment,but don't expect walls of wei... 02/02/2010