Browsing Archive: July, 2018

Back to Short Sales

Posted by Connie Gohata on Tuesday, July 31, 2018, In : Short Sale

This current short sale that I have is mostly conversation with two banks. Right now we have a sale date (foreclosure trustee sale auction) in 2 days and we have NOT heard back from the bank, although I send them email every day. Today our strategy was to call them, and they circled back to the same people I am in contact with via the Equator platform. This platform is where all communication with the asset manager, negotiator, and decision makers stand.

We still have not heard, but the m...
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Life of a Realtor

Posted by Connie Gohata on Tuesday, July 31, 2018, In : The Office

No complaints, here. EXCEPT for one main one: Leads.

I subscribe to a few lead generating companies and their "wares." The issue I have is this - people like to leave bogus information so I can't contact them. I have to pay for these leads, and when they leave bad info, I still have to pay. They don't want me to call them, so in order to see what they want on the website, they leave an email address that just pops into their head and a phone number that really isn't theirs.

Speaking of b...
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The Day After

Posted by Connie Gohata on Tuesday, July 31, 2018, In : Life

My car technician (or let's say, mechanic) was nice enough to give me a ride home, then pick me up when my car was done. While I was at home, I researched the issue (EGR Valve- Exhaust Gas Recirculation), I found that the part ranged in cost from about $75 to $200. In fact, the part at the Ford Parts Store (OEM) was a little less than what was on my itemized list when I looked at the bill. Hmmm. I hope the installed part was OEM, but we don't know that, do we?

They also cleaned around th...

Car is once again in the shop

Posted by Connie Gohata on Monday, July 30, 2018, In : Other Relevant Stuff

This weekend, when going to my sister's home which is about 35 miles away, my check engine light went on. This light, which has gone off several times in the past, costs me at least $500 when it goes on.

I was tempted to first buy a car warranty program, whose commercial told me this morning what a great deal it was. Of course, my car is 14 years old, so I'm sure the insurance would cost much more than the amount I'm going to have to pay when they fix my car. AND I'm sure it doesn't pay 1...
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Fishing -

Posted by Connie Gohata on Friday, July 27, 2018, In : Life

These words, fish/fishing, are quite useful. You can fish for a trout, or you can fish for an answer. You can go fishing in a lake or online. However, my need for using the word, fishing, is something that I'm not doing this year - I used to be able to put a note on my door, "Gone Fishing," but apparently not this year! I have too many loose ends here that won't be tied up for a while. I have a couple listings that need my total attention, I have a dog who needs 2 shots a day and it seem...
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It's the Market, again!

Posted by Connie Gohata on Thursday, July 26, 2018, In : Real Estate Market

Back in 2006-2007, the market was at it's peak and them came crashing down. Will it happen again? It may not happen for the same reasons, but remember, there are market cycles. The inventory of homes for sale has been sparse for the past few years. That drove prices up. I was looking at homes in West Los Angeles, the other month, and I couldn't believe the relative shacks that were going for $800K. Who could afford to live in those run-down neighborhoods at that price? I was amazed as ...
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I thought Short Sales were dead - I was wrong!

Posted by Connie Gohata on Thursday, July 26, 2018, In : Short Sale

Short sales are NOT dead, just slowly growing old and tired. I'm in the middle of one right now, and that is why I know they aren't dead.
If you are in a situation where you bought your home at 100% loan to value (yes, it was possible for a minute in time), and the market turns (and then you lose your job or your property tax becomes due... or you have a family health issue, etc.), you may be in this position, sooner than later.
The market may be turning and if you bought this past year, and h...
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What's going on with this market?

Posted by Connie Gohata on Thursday, July 26, 2018, In : Real Estate Market

All indications point to a turning point - we may be turning faster than it was thought, toward a more buyer-friendly market. That means homes won't be selling as fast, and they will either stay at the prices they are now or even go down!

If you want to sell - now is the time!!

Here's an article from Tim and Julie Harris, written by Tim Ventura to Agents who listen to their podcast:

Is the market going to crash? On yesterday’s show we cited data from CNBC, and in today’s show we’re discu...