Tag Archives: clients

Get Moving!

Get Moving: July 4, 2012 has Fireworks in Real Estate?

The latest news as we head past the mid point of 2012 in real estate locally in San Diego shows increases in values, currently pushing the validation of the second quarter statistics even further forward as we settle into the hottest selling season of the year. Interest rates are at historical lows below 4% fixed-rate for a 30-year mortgage, so if you are thinking of buying but are still on the fence, GET MOVING! And if you are wondering if it is time to explore moving up or scaling back from your current space, let me repeat myself–GET MOVING!

Every real estate transaction, whether on the buying side or the selling side, is unique as far as the situation. Because of that, your experienced real estate agent or broker should assist you, as the client, in the appropriate direction. If there is any hesitation of what the best course of action is, it may be time to interview another agent. If this is the case, I would like to interview for the job of being your agent now.

My latest experience involved me selling a rehab home for the out-of-state owners, who owned it free and clear. I was able to reap, I am proud to say, the highest value for the zip code! This, on top of the fact that the comparable properties had depressed values and the neighbors were skeptical, but who are now thrilled because I just raised their value considerably. The market is on the way up, thus making it the perfect scenario for you as a buyer or seller to GET MOVING!

For two other clients of mine that I am in the process of helping buy homes; one listed to me, accepted my advice, and is under contract–while the other wanted to veer away from my recommendations and, sad to say, they are not happy because they did not get the property. It is not all about price, it is the big picture; including: getting repairs done and even new appliances put in the property–but I will get you the best shot at the best results! In obviously over-priced homes, there again is nothing to worry about, because I know how to weave through that. All situations are different when buying or selling; however, when you have an agent who has over 20-years of full-time experience in this industry, then your odds of winning always go way up. Wouldn’t it be in your best interest to HIRE the BEST of the BEST?

NOW is the time to GET MOVING and make sure your back is covered!! I am available now; you can search current properties on my website: www.JohnSilva.com–and give me a call to schedule some showings!

In closing, my sincerest wishes for a safe, blessed and happy 4th of July to you and yours, and especially thanks for our forefathers whose example we continue to emulate with the True Heritage of this great nation called America, lest of all we best not forget our military–past, present, and future who contribute in sacrificing their body, spirit and ultimately their lives for US ALL! God bless!

Are ALL Real Estate Agents Equal?

In light of the fact that there has been some shocking news regarding a certain local real estate agent from San Diego, along with his wife and staff, being accused of duping over $15 million dollars from banks, investors and homeowners, I understand that many people question whether all real estate agents are the same, in acting dishonestly.

The normal response for people who personally know an agent of integrity, whom they even refer to all their family and friends, will say this is just an individual, and is not a general reflection of the masses. Yet I read and hear on social media websites that this categorizes all real estate agents as being dishonest, even those who have toiled for years and been ethical and forthright for their entire careers being cauterized. These are the individuals who need an education because of bad experiences, and I now challenge them to a call to action, to interview an individual agent like myself, while developing a relationship with the right real estate agent at their disposal whenever the need arises. A good real estate agent will have a grasp of the law at all times in the ever-changing, complicated world and real estate market we now have, then go to people to support them in the legal arena.

Are all real estate agents equal?My philosophy has always been that if you don’t ever get to speak with and do business with the real estate agent who is representing you, BEWARE! Many agents in the housing market have large teams of individuals, while the service and experience levels are severely low, due to new and inexperienced agents who look for high-profit opportunities, because of the low pay they earn. These mistakes lead to poor service, complaints to local association boards and the DRE; but more importantly, thousands of dollars in losses from the client’s pocket book. This may well be the case with this certain individual that is now in trouble.

I have seen another certain individual always advertising on local television, as another example of this type of representation, while the results produced have been average at best, according to many people I have helped and their friends giving feedback about them. As the old saying does: Don’t be duped by the fast-talking, nice-dressed and loveable smile.

While I am not here to condemn any individual, I feel my duty is to educate the public masses in the regard of how to hire the right agent to assist you in buying or selling your home. As another cliche goes, bigger is not better, but seeing the overall picture of their track record, years in the business and levels of hands-on experience are paramount, while being able to work directly with that individual on an ongoing basis is a must.

As in all crimes committed by people in authority; such as police officers, teachers, politicians, doctors, etc–there is that huge feeling of betrayal, while the important question of how did this happen by an individual held in high esteem in many circles of the community and their peers?

I hope that the blue-collar hardworking real estate agents like me will once again shine through this mess that the small minority of high-rollers create to most importantly the benefit of you, the client.

Call me today (at 619-890-3648) for an evaluation of your property or home search, and the right direction you deserve.

Mortgage Reform, Refinance, Really?

My Thoughts on the Current Real Estate Market: Mortgage Reform, Refinance, Really?

With interest rates at the lowest rate in history, and foreclosures bursting through the ceiling still at this writing, I ask myself, why is this still happening?  How does the 1-in-4 upside-down homeowner out there, staring at their bank and scratching their head, get help to avoid walking away?

The empty promises, or the so-called “helping hand” being offered by the banks and the government, is still a joke to say the least. For the people who sold their home in recent years, they are in a position to buy or have already bought another home and recovered from that stress of “What do I do?” while taking advantage of the low interest rates and prices.

upside-downIt still is not too late to make that leap and start over–because the faster you do, the faster you will recover. Property values are not expected to go anywhere for at least two more years, and the laws for selling short sales that protect homeowners will expire at the end of this year. Laws allow a purchase after two years of selling a short sale. With a consultation with me and strategy, you could pay off most of your unsecured debt, while not paying your mortgage. This can only be done with someone who has had experience with this. I have done this with clients that have recouped while living in their home for over 3 years without paying a mortgage.

The latest reform laws are offering a glimmer of hope; however, when and how these guidelines are implemented by the banks and government is clear to not happen for awhile.  The state governments will have to also be on board. At this time, California is weighing the settlement being offered for unlawful foreclosure practices from five of the larger banks that have agreed to pay a settlement.

My opinion is that any settlement should accompany a mandate that the banks must reduce every upside-down property out there to fair market values, to allow the homeowner an opportunity to keep their home; granted that the home is not dilapidated to the point that the owner does not have the funds to repair the home or care for it after the refinance. This exclusion is warranted to the extent that a home that is in bad shape is only dropping or keeping the values low in the neighborhood and should be taken care of. In a perfect world, the banks would allow the homeowner funds after the refinance to repair the home–heck, let’s go for it all!

As always, my gratitude to you for reading my blog.  Please share your opinions or questions–I look forward to any questions I can answer or help I can give!

John A. Silva, Realtor

(619) 890-3648 | www.JohnASilva.com