March 2012

Found 2 blog entries for March 2012.

In recent times the playing field for buying opportunities in the housing market has expanding in just about every category, with the exception of a less abundant inventory. There is pressure now being put on this “Field of Dreams” which may start changing the rules of the game for buyers and sellers.

The pressure we are beginning to feel is due to the eminent effects of inflation. With the world around housing becoming more expensive so is the pressure for housing to become more valued.

Here are some of the inflationary factors that are coming into play.

1) Loans are becoming more expensive. FHA has announced that mortgage insurance for FHA loans will increase April 1, 2012 and again on June 1, 2012. This is one example of the increasing costs of

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More often than ever there are properties being listed in and around Santa Barbara at asking prices that look too good to be true. This is due to the increased number of sellers competing to have the best priced property and fastest sale. Add to this the out of area appraisers and agents that many of the banks hire (inexpensively) to price and sell their REO properties. A dollar saved is a dollar earned, right? Well, not usually for a seller of real estate that’s in high demand. Fortunately for many sellers the increasingly competitive market will help lessened the effects of their mistakes.

If it looks too good to be true it probably is. Many buyers are being lured by the prices some sellers initially advertise, only to be disappointed by losing out in

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