Home Sellers - Buyers Are Ready To Get Off The Fence

Now is the time to buy the house you’ve always wanted. Sellers are more optimistic about selling right now and they are putting their houses on the market.   The article below, by Pacific Union, goes more into detail on this.

I have dealt with all types of financing for real estate transactions but now just do Hard Money financing.  This type of loan can salvage many transactions in progress as well as help those who don’t qualify for conventional financing.  It’s just less hassle - for the Home Buyer and Seller.

If you have been turned down by a bank or other Lender for a home loan - due to bankruptcy, condition of property, recent foreclosure or short sale or just need a fast loan - locate your local Hard Money Lender and they should be able to help.  Also, not many home owners are aware of a Bridge Loan but you can get this loan to help you buy another home while also working to sell your current property.

I hope you find the below article helpful in selling or buying in 2014!

Best, Forest

Owner/Hard Money Lender - The Guy in the White Hat


Forest Tardibuono is Co-Owner and CA BRE Broker known as “The Guy in the White Hat” of Sun Pacific Mortgage & Real Estate - Your Northern CA Hard Money Lender since 1988.   BRE license #01464899/NMLS #360993

Spotlight on Sellers: They’re Eager to Buy Again
January 24, 2014 by Pacific Union

The year 2013 was the year of the homebuyer, marked by multiple offers for virtually every desirable property on the market in Northern California. Bidding wars frequently pushed sales prices 10 to 15 percent above list.

But 2014 is shaping up to be the year of the seller.

After regaining equity in their homes last year, sellers are eager to get back into the market again, according to a recent survey by the California Association of Realtors (CAR).

More than two-thirds (69 percent) of home sellers purchased another home rather than renting after selling their previous residence in 2013, up from 47 percent in 2012 and only 12 percent in 2011.

“Much-improved housing market conditions in the last year have given sellers more confidence to own a home rather than to rent one,” CAR President Kevin Brown said in a statement accompanying the survey results. “With sellers being more positive about the future of home prices, the vast majority of sellers who are currently renting plan to buy
 again in the future.

“In fact, 70 percent of sellers who are currently renting said they would purchase another home, up from 22 percent in 2012.”

Sellers are more optimistic about repurchasing a home thanks to strong growth in home prices, record-low interest rates, and better financial situations at home, according to the CAR survey.

The reasons for selling changed significantly in just one year. In 2012, the majority of sellers sold primarily because of financial difficulties, but as home prices surged, a desire to trade up became the top reason for selling in 2013.

Others wanted to take advantage of low interest rates to finance their next home, while some sellers believed the price of their home had peaked and wanted to cash out.

Those survey results bode well for 2014, as more homeowners put their properties on the market and help to meet the demand of homebuyers — both first-time and move-up buyers. (Image: Flickr/Scott Maxwell)

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