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The Stockton, CA real estate market is sooo… crazy. Approximately 50% or more of the home buyers are pre-approved for FHA financing for the very low priced inventory available. They find homes for sale on the Internet, but become frustrated due to the fierce competition from other buyers. Most buyers have made offers 5-10 times before finally getting a chance to close. Many home buyers just give up after a while, but in my opinion, expect the market to stay very active right through the winter holiday season due to the extension of the tax credits from uncle Sam.

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The landlord dropped by to collect the rent and now knows all about Sam, the family pet!  He said, ” you better look for another house or get rid of that dog before next month.” 

Why not get rid of your landlord!!! I understand that President Obama was to sign the extension to the $8000 tax credit for first-time home buyers last Friday and also the bill included a tax credit to many other home buyers. Read more…

I found this fascinating quote today:

Congress must have been paying attention (or I tripped on something that other people agreed with!) and the $8,000 Tax Credit was extended this week. In addition, people who have owned their homes for 5 consecutive years (out of the last 8 years) can now get a $6,500 tax credit when they buy a new home.Bill Lublin, MOVEPHILLY, Nov 2009

You should read the whole article.

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I found this fascinating quote today:

We have already seen the real estate market improve every quarter of this year to date, stimulated by the tax credit, great mortgage rates, and moderate prices. Though the lack of mortgage liquidity negatively impacted the attempts of some buyers to gain entry to home ownership, on the whole , the true worry was whether the gains in the market would be sustainable – with the extension of the tax credit through the spring, that question would be answered.Bill Lublin, MOVEPHILLY, Oct 2009

 You should read the whole article.

 

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When I started in the real estate business many years ago; finding a customer or client was easy! I picked out a neighborhood that seemed likely to me that someone would need an eager real estate agent and I knock on the door and left my business card. If, I left enough cards with a little note on the back, eventually I would have some call backs about why I was at their home. I always tell the truth!!! I told the caller that I was looking for new clients who might be interested in buying or selling a home; and I was wondering if they knew anybody! This is known as “Door Knocking” which can work well for the agent and also for the customer who wants a hard working real estate agent.

I’m not sure if door knocking works today, because I have not done it on a regular basis for about 25-30 years. Also, most of the sellers’ these days are banks that usually are a little difficult to find. I’m not really sure where their front door is!

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