Brian Ripp ~ Your Bay Area & Fremont Real Estate & Financial Agent » for sale http://brianripp.com Realty World - Viking Realty / Family owned since 1971 Sat, 12 May 2012 00:26:59 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Shadow Inventory Continues to Shrink http://brianripp.com/2011/07/14/shadow-inventory-continues-to-shrink/ http://brianripp.com/2011/07/14/shadow-inventory-continues-to-shrink/#comments Thu, 14 Jul 2011 21:00:03 +0000 Brian Ripp http://bripp.blogs.rwnetwork.com/?p=680 Shadow inventory of residential homes fell to 1.7 million in April, down from 1.9 million the previous month, according to CoreLogic. This represents a five months’ supply of shadow inventory and accounts for 29 percent of total housing supply. Of the 1.7 million units, 790,000 are seriously delinquent, 440,000 are in some stage of foreclosure and another 440,000 are already REO.

In addition to the current shadow inventory, there are 2 million current negative equity loans that are more than 50 percent, or at least $150,000, upside down. These current underwater loans have an increased risk of entering the shadow inventory if the owners’ ability to pay is impaired while significantly underwater.

information from CRS Member Connect  on-line newsletter

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]]> http://brianripp.com/2011/07/14/shadow-inventory-continues-to-shrink/feed/ 0 Inspect, then List Your Property http://brianripp.com/2010/02/09/inspect-then-list-your-property/ http://brianripp.com/2010/02/09/inspect-then-list-your-property/#comments Tue, 09 Feb 2010 00:08:45 +0000 Brian Ripp /?p=292 Today’s real estate market isn’t what it used to be.  If you want to sell your house, you may be thinking of ways to set your home apart from others.  How can you make the decision easier for you the buyer and help yourself as well?  On way is by doing a pre-sale inspection.

A pre-sale inspection can benefit both the seller and the buyer.  With a pre-sale inspection, you’ll know what condition your house is in before it goes on the market.  This information allows you to have a better idea of what your house’s listing price should be, and it avoids surprises that might arise after it goes into escrow.  Discovering conditions early in the sales process allows the seller to decide how to handle the conditions when they aren’t under the additional pressure of already being in contract.  It also helps avoid a possible disclosure lawsuit.  With a pre-sale inspections, the buyer also benefits by knowing the condition of the property before making an offer, which can mean a quicker and easier sale.

At this inspection may look at your home’s roof, structural, plumbing fireplace, and heater.  Inspection prices range from $300 – $500.

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