Wednesday, March 27, 2013

Weekly Rate and Real Estate Update, 3.27.13

Great time, rates down, home price up…

Dan’s activity this week:

Well, while last week’s open house didn't produce anything, we did sell the home last week!  I presented the listing to the broker representing the investor in California who purchased a home I had listed last month.  This worked out great for my clients and now they are ready to make an offer on their next home, which I submitted last night!

So the offer we received last week that I didn't think was going to work out did not…however…the buyers came back around and raised their offer by 45k!  That always helps…now if we can just work out the closing date…it might be the next show stopper.

Waiting on the responses from two buyer’s inspections…come on seller’s…let’s getting these deals moving along already!  These buyers want to buy.  One of these closings is scheduled for April 11th and the other for May 3rd

Along with the two listings that are closing in April and the three buyers that are attempting to buy homes now, will give me 7 closing in the next 6 weeks.

Besides getting sick while in Austin, the 2013 ERA International Business Conference was great!  I now also represent the International Collection of Luxury Properties.  This will offer my clients with luxury homes even more marketing power.  For buyers and sellers of upscale properties the website now gives me international exposure.

It was also announced that next year’s conference will be in Los Angles so it looks like it’s time to tie in a family vacation next year and show the kids California! We lived in San Diego for a time prior to starting our family so it will be fun to show them around.

        Rates for the week
From the IBJ... The average rate for 30-year mortgages fell to 3.78 from 3.85 percent for the week ended March 20, according to The rate for 15-year mortgages fell to 2.97 percent from 3.03 percent.

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