You may be wary of either buying or selling a home in today’s market. You may feel powerless to the process. How could YOU possibly know whether the current good news about housing will continue? There is no doubt that today’s real estate market is extremely difficult to navigate. [Read more…]
Our average number of days on the market went from 30 days to 7 days or less.
While overpricing to some degree can be beneficial, you’ll still want to be careful and avoid pricing your home too high, which almost always is nonproductive.
As you work with your agent and set your price, you’ll want to recognize the factors that may prompt you to raise your asking price too much when it isn’t warranted. Some of those factors include: [Read more…]
FHA has a three year wait period for borrowers who were in default at the time of the short sale (or pre-foreclosure sale). If the borrower was not behind on mortgage payments and installment debts at the time of the short sale and for 12 months preceding the short sale, there may be no waiting period. (The latter is very difficult to accomplish)
FHA tends to be a popular option as the minimum down payment is currently 3.5% and FHA is more forgiving with credit than Fannie or Freddie.
Fannie Mae has various wait periods depending on loan to value: [Read more…]
At the Napa Valley Yacht Club’s annual Change of Watch Christmas party at the Napa Valley Country Club, new officers for 2013 were installed, including (pictured above) Commodore Ken Graham, Vice Commodore Scott Brown, Rear Commodore Joe Henslee, Treasurer Steve Vartan and Secretary Bob Weeks (not pictured). The board of directors is Art Lewis, Bill Moore, Donald Buresh, Sally Craig and Tom Hildreth.
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The Napa Valley Yacht Club presents its annual Lighted Boat Parade, Dec. 6, the show begins at 6pm. Lighted boats start at the Napa Yacht Club 100 Riverside Dr. The parade of boats will be coming up the Napa River to the Third Street Bridge area and then to River Park and Napa Yacht Club River Front Homes south of downtown. [Read more…]