Welcome

Welcome to Real Simple Real Estate. I’ve been in the mortgage and real estate business for 10 yearsnow and with all my years of experience I can tell you that never before have things been so unclear!

Whether you are buying or selling my goal is to allow you make your decision my making all theinformation available to you in the simplest and easiest manner for you to understand. Its your home,your decision, its that simple.

2011 is half way over and all the media is telling us is how bad prices have dropped! CNBC was one of the first to report how bad this market has hitus but if we dive deeper into the numbers we can see what this actually means. DataQuick a San Diegobased data company tracks information on prices and in San Francisco Bay Area they saw a decline of3.8% among the entire Bay Area. What does that mean? Could you have gotten a better deal if youwaited a year? Maybe, but maybe not. 34% of the homes being sold right now are REO foreclosuressold to cash investors where banks cannot finance the properties and they are sold at an average 25%discount. This means that if a bank cannot finance them- most likely they needed some work to be donebefore someone could actually live in these homes. Does that mean we have better deals now thanbefore? Maybe, if you have $360,000 laying around, the average price in SF Bay Area, plus a little extrafor the repairs which caused the reduction in the first place!