Just last week there were 372 properties in Santa Clara County that went back to various banks. It would appear that the banks are simply sitting on them, waiting for the market to get better. This is causing a huge build-up of property that experts call “shadow inventory.” Right now prices are up and inventories are down significantly in The Bay Area. If they release these homes into the market a little at a time, the values will continue to hold and demand will remain strong. However, if the banks move too quickly or release too many properties, the values will decline further—a concern of everyone in the industry, and of course home owners. Look for many more properties to enter the market and continued low interest rates for buyers.

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Did you know that not all home search sites are equal?

By that I mean that those sites run by media companies,or
companies that are not actual real estate brokerages most
likely do not particiipate in IDX (Internet Data Exchange), which
allows brokers and agents to show eachother's listings on
their websites.

This is something you might not mind if you were shopping
for a car, but wouldn't you want to view all your options when
making the biggest purchase of your life?

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For many buyers, placing an offer on a home below the $400,000
has become a very daunting task.

I have placed a number of offers for very decent, qualified and pre approved clients, (even
cash buyers!), within days of a new home reaching the market, and
in over 80% of these cases, never received a response from the
agents or their assistants. I know many agents never admit to this,
as they feel it may deter their chances of getting their future offers
received, but seriously, in the end, does it matter?  There are so
many offers being submitted, without acknowledgement, it seems in most cases,
buyer's offers will not even be looked at, no less even receive a response,
unless they are one of the top 3 contenders.

I have always considered myself the 'Queen of Follow-Through' in all my years of sales, and still
consider myself to be her, but find it incredible to be doing business in an arena that does not
care or honor the same.

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There it was, buried at the bottom of the dam, hoping against hope that someone
would rescue it. Today was it's lucky day.

Brandi to the rescue!

View more of her escapades at: www.myspace.com/mycaninelife

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July 15, 2009

Visit the Department of Consumer Affairs (DCA) Web site at www.takeChargeCA.ca.gov, or call our toll free number at (800) 952-5210, where consumers can get a list of many free, low cost, discount and income-eligible services offered by government agencies and trusted sources.

The list of free and low cost services help California consumers save money!  Want a free or low cost hair cut, or manicure?  Looking for help paying for a Smog Check, or just some basic coupons for household products or food?  It's all there and much, much, more. 

We encourage everyone to share this information with your community and industries leaders, and even your employees, family and friends.   We know there are many more services that can be added to this list but we need your help.

Contact us at TakechargeCA.ca.gov.  Call us toll free at (800) 952-5210, or call me directly to add even more free and low cost services that everyone can save money on.

If you want to be removed from my email list please send me an email with the subject titled: delete my email, and I will remove you from my listing.

Sincerely,

Michael Lafferty, Outreach Manager

DEPARTMENT OF CONSUMER AFFAIRS

O. 916.574.7409

E. Michael_lafferty@dca.ca.gov

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