As we mentioned last week, Buyers have been dying of thirst in this market that has been drying up in inventory for the last 4 months. Over the last couple of days, We have received some breaking news from several sources that the forecast for next week it looks like RAIN!!  Here is how the forecast developed.It started with a simple conversation with an agent looking to join Exit Realty. As we talked about Exit, she asked a very important questions. She said does Exit Realty have an REO Account and are we ready? I told her that we have been partnering with America Buys Foreclosures to receive listing since January, but the banks keep putting off the releases of bank owned properties due to moratoriums and other business decisions.  I told her that we have heard this many times from the... 09/12/2009

The bottom came and went here in Murrieta, Temecula, Winchester and the surrounding cities. The local Real estate market to sharp turn this spring as Bank Owned inventory dried up.  Well, not exactly dried up, being held back. Many anticipate the market to be flooded with a new wave of foreclosures. While rumors abound of the next coming wave to be greater than what we are currently experiencing, we are still waiting for it to come. We have been anticipating this since March, and could have benefited from a little splash during this Hot summer!! For now, we have to keep cool and take a very different approach to buying a home. I will break down each buyer distinction, the challenges we face  and share what would be the most tactical strategy to take. Let's start with our most regarded: ... 09/05/2009

My heart is heavy this morning as I struggle with something. Maybe you can help!! Having Served in the US Marines Corps myself, I know the commitment and sacrifice one makes for his/her country. To be ready to take action at a moments notice, and lay you life on the line to protect the right and freedoms of Americans and Democracy both on foreign and domestic soil! Now, our service men and women are returning home from tours around the world, and they are seeking to find a home to provide some stability and security for their family. As they go out into the Homebuying trenches,  they are looking to use their 100% financing that we as Americans have given them as a benefit for risking their lives to protect us and our freedoms. Get you tissues out - because in our local market they are b... 08/26/2009

Here are the 7 most common mistakes buyers make when purchasing a home: 1. Making an offer on a home without being prequalified Knowing what you can qualify for first can save you heartache later.  Also, in todays market, most listing agents require buyers to be prequalified when submitting an offer. 2. Not ordering a home inspection By saving a few dollars now you can set yourself up for big problems ( and money) in the future.  Find out what you are getting into before you buy. 3. Limiting your searches to open houses or internet searches you do on your own. Many of the homes you find online have already been sold and are left online for marketing purposes.  Let us set you up with automatic searches that will provide you with current, real time information on properties you are intere... 08/18/2009

Realty Source, Inc is please to announce the addition of Norma Brunette (Murietta, CA) to our growing team of agents. Norma is an experienced REO Listing agent. If you have any questions regarding the purchase or sale of an REO/Bank Owned property, she can be reached at (951)704-4999 or norma@gorealtysource.com We are always looking for ethical agents to join our rapidly expanding company! For More Information, Please visit: Frequently Asked Questions Referral Incentives Branch Opportunities To learn more about what we offer, please visit www.JoinRealtySource.com or www.goRealtySource.com Take a look at our 1 min. webcast:     Realty Source, Inc - Serving ALL of California Toll Free: (877) 449-SOLD San Diego: (619) 258-1000 Riverside / San Bernadino: (909) 218-3882 Orange County: (714) ... 07/20/2009

 Real Estate transactions are  complicated with much information being exchanged between the involved parties. Every buyer will be required to get a loan, other than cash purchases, and as we all know much information will be needed. Credit reports will be pulled, bank account balances will be verified and tax returns will be looked at. This is necessary to obtain a loan and you will be safe giving this to your lender.  The problems can arise with other aspects of the transaction in my opinion. I haven't seen any bad things take place in the transactions I have been involved with but one can never be too careful. Identity theft is a problem in today's world and we all have heard horror stories of people who have fallen victim to it. Real Estate has not had a problem as far as I know and... 06/25/2009

 When it comes to Real Estate it seems everyone has an opinion or question. In today's market almost every day on TV, the Internet or in the newspaper you will get the opinion of a so called expert as to what's going on with the market and what the future holds. The experts hold their opinion as the Gospel Truth but in the scheme of things it's only an Opinion.  With so many different talking heads people throwing their so called expertise into the mix it's no wonder the consumers are confused. Last week on TV I so a reporter in a neighborhood with some foreclosures, REO, make a totally unfounded statement. She stated that one street in particular was going down by 6% every time a property sold. There were no statistics provided to prove the statement but she concluded that the area wou... 06/23/2009

What a glorious time this is - end of a school year and graduation. You meet some of the most delightful young people at this time of year - too bad you won't see much about it in other media.  This morning I had the privilege of attending the 14th Annual Murrieta Student of the Year award ceremony presented by the Murrieta Chamber of Commerce. Ever month the Chamber, in association with numerous community sponsors, recognize an outstanding student of the month from our three current high schools. Today's event selects from among those  recipients to recognize students who have made a truly outstanding contribution to their school and our community.  WOW! What a group. This morning 6 Murrieta students - a male and female recipient from Murrieta Valley, Vista Murrieta and Creekside, were... 06/08/2009

Spring Market Conditions I can describe the real estate market in the Southwest Riverside County Area (Murrieta, Temecula, Menifee) in one word - BUSY. There have not been as many foreclosures entering the market. This has created a market in which the majority of the foreclosures on the market are receiving multiple offers, and often the properties are selling for higher than list price.I have several clients whom have written multiple offers (full price) and have still been outbid during the process.There is a light at the end of the tunnel. I have heard from several sources that a larger amount of new inventory should be entering the market in June and July. I'm hoping that this will make it a bit easier for buyers to get into these homes.The big picture is that the market is full of... 06/02/2009

 If you listen to the media you have probably heard stories that there is a glut of properties on the market at this time. In some markets this may be well and true but the thing you must remember is Real Estate is local and not all areas are the same. If you are considering buying in Murrieta, Temecula, Menifee or the surrounding communities the inventory has shrunk to dramatically and we have many buyers looking for the best deals.  The choice you need to consider is how soon you want to move and are you ready to act quickly to make your offer. As we are in what has been traditionally been the buying season we are now seeing multiple offers on the best priced properties. People re getting frustrated when they find out they will be competing with other buyers but with the $8000 dollar ... 06/01/2009

 Unless you have been in outer space for the past 2 years you already know many folks in Murrieta, Temecula, Menifee and surrounding communities in California are selling their properties via Short Sale. I will not go into the details of a Short Sale other than to say you need to sell your property for less than is owed to your current lender. The reasons can be varied, job loss, illness, divorce etc but the property needs to be sold. Choosing the right Agent is critical for your success and this little story will show you why it's so true in today's Real Estate Market.  Recently I received a Real Estate Owned (REO) listing ,that is a foreclosure property, from one of my banks. As usual the first thing I did with this assignment was to look into the Multiple Listing Service (MLS) for my... 05/31/2009

           I want to make it official.....I Scott Barr declare that Riverside county in California has reached the  bottom of the market for housing. At least that's what I told some friends at a dinner party back in April. At first I made a blanket statement that we will look back a year from now and see that April was the  bottom of the real estate market in our area. Then it occurred to me that I was standing in the kitchen of a home located in San Diego county.Ooops...wrong county. (I think San Diego and Orange county have a little more deflating to take place.)I quickly clarified myself and stated that I meant the county that I primarily work in Riverside. The color returned to my friends faces and I averted a public stoning for prophesying incorrectly.             I came to this c... 05/07/2009

Murrieta - March 09 sales report - Single Family Residences sold: 172. Median price: $275,543. Prices are....UP!Sales are slightly down, however we are seeing the first time buyers really step into this market quickly! Things are looking up.  I had a short sale with 4 offers in 2 days this week.   I am hearing that there is a new wave of foreclosures coming in June/July which should increase inventory.   For all of your Real Estate needs in Riverside County, http://www.justcallray.com   04/28/2009

This is a great deal on a quiet Cul-de-sac in Murrieta.  This is a newer area of Murrieta.  Bank will accept an offer of $200,000 and pay $9000.00 of your closing costs!     All you need is 3% down payment or 20% down if you are an investor. Monthly payments, Principal, Interest, Taxes and Insurance are just under $1,500.00, with 3% down and only $1150.00 with 20% down, for this great "Murrieta Bank Owned Home". This is a 3 bedroom home in a newer area of Murrieta with only 1.3% tax rate! 1910 Sq. Ft. Built in 2003 Open space across the street, no neighbors in front of you. Low maintenance back yard! Lots of extra parking!!!     ~ If you are thinking about purchasing or selling your home whether you are a "First Time Buyer", or an "Investor", who wants to work with a local area expert, ... 04/13/2009

Hello, Here are the business community people who are working hard in making a difference in our community.  They are officers and members of the Inland Valley Business and Community Foundation and their goal is to help the businesses around the community by giving their time, ideas and connection to bring this event to a success.  This collaboration among business people establish their credibility and strengthen their relationship with each other.  For someone who is running a business in this community, you are welcome to join us and there is no FEE... just you and your time.  Your dedication and support to help the community... it is as simple as that...   04/08/2009

I first met Rosie Boorman last year at The Wine Company. She and her associate Val were pouring samples of wine from their winery in La Cresta, an area adjacent to the Santa Rosa Plateau. I saw Rosie and Val again a few weeks ago at Francesca's where they were holding a wine blending party. Guests were given four varietals of wine and asked to create their own wine blend. I was intrigued and asked Rosie if i could come visit their winery and see what she and her husband Todd were doing there. Temecula is renowned for its wine country, but I wanted to see what was going on in La Cresta. When I arrived, Rosie was dipping the tops of the bottles in food grade plastic and then handing them to Val to cool in water. It's a labor intensive process, but so is everything they do at Boorman. I s... 04/08/2009

Temecula and Murrieta Homes - both have newer homes that were built in 2003 and newer that need very little work and are selling for half of the original sales price. This Murrieta Home for sale has a  have a lower tax rate of only 1.3%. If you are looking for a really nice investment property or if you are a First time buyer who wants a newer home in the price range BELOW, $225,000. Call me today at:  866-621-0155 To see all of the opportunities that are available. I also have FREE LISTS OF BANK OWNED HOMES, on the homepage of my website. Nothing to register, nothing to sign up for, just view the "Real Time Links", by City! ~ If you are thinking about purchasing or selling your home whether you are a "First Time Buyer", or an "Investor", who wants to work with a local area expert, con... 04/08/2009

Funny things happen when you are in the Real Estate business.  I guess when you have a broad group of people that you encounter on a daily basis, different opportunities really come your way.  One of my business associates had invited me to join a play and I ended up doing it.  I am now working with a great Director who is teaching me how to act and I will be playing a major role that was based on an old movie "Teahouse of the August Moon". Never in my entire life imagined that I would be doing this kind of work and I am scared to think that I am really doing it.  I also learned that everyone in this play had many years of experience in acting and here I am, playing a role with zero experience.  Anyway, this play is scheduled to happen this April 17 thru April 26.  This is the time I am... 03/27/2009

My partner and I enjoy telling potential buyers... Murrieta Real Estate is having a Half Price Sale! Hurry and be there when the doors open! This truth is welcomed by buyers and dreaded by sellers. It is more important than ever, as a buyer, to take advantage of the prices being rolled back to what they were 8-10 years ago! Sellers...here's how you can justify your horrendous drop in value: You may be able to make up what you feel you lost, by the incredible value your are getting on a new home. We've been knocked down hard in Murrieta. Forbes Magazine called us the "Foreclosure Boomtown!" We will recover, it may take a few years. Historically homes go up 3 to 5% a year after a drop like this. There is a term I heard my stock broker say when I inquired about my portfolio drop. He called... 03/26/2009

I was invited to this group and very amazed on how great this people are.  You have to get to know them for they are incredible people.  I am very happy to be a part of this group.  They all have great heart to help and they are very welcoming and friendly.  Great to be around them and you definitely will feel inspired on how they do business. They have a lot of passion and excitement on providing excellent service. Check our site at http://murrieta.teamreferralnetwork.com/chapter/ and learn more about them. 03/23/2009