Listing Agent Strategies...

I recently took a new listing, we did our pre-market activities, and within a couple of days, we received multiple offers. We must be doing something right!!!!

Bank of America Short Sale Specialist Andy Cleaves

I just received a call from Bank of America offering one of our clients $5000-$30,000 at the close of our short sale escrow. Nothing else needs to be said :)

Short Sale Information

31433 Alta Vista Drive Redlands www.andycleaves.com Riverside Area Homes for Sale

EASY SALE Redlands 4 Bedrooms 3 Bath Well Kept Pool & Spa Home In The Hills With Easy Access To Freeways. This Home Features Views From The Living Room And Kitchen, Ceramic Tile Floors And Newer Carpet Through-Out. Entertaining Is Made Easy With A New Bbq And Bar Near The Pool. Not A Short Sale Or REO

1963 Bayberry Drive www.andycleaves.com Riverside Area Homes for Sale Realtor

Newer 4 Bedroom 2 Bath Upgraded Home With Many Extras Including Gourmet Kitchen With Granite Counters, Carpet And Tile And More

Are You Serious About Buying A Home? www.andycleaves.com Riverside Area Homes for Sale

4005 Sequoia www.andycleaves.com Riverside Area Homes For Sale Realtor

Riverside 4 Bedroom 2 Bath Corner Lot See More @ www.andycleaves.com

7415 Luane Trail Reche Canyon, Colton Home for Sale www.andycleaves.com

HORSE LOVERS PARADISE. THIS EQUESTRIAN ESTATE HOME FOR SALE ON 2.29 ACRES FEATURES A 4200+ SQUARE FOOT HOME WITH 4 BEDROOMS/4 BATHS, 3 CAR GARAGE, HUGE LIVING ROOM, LARGE FAMILY ROOM, OFFICE, GUEST QUARTERS, MASTER BATH HAS A LARGE SOAKING/JACUZZI TUB. THE â??MORNING GLORY FARMâ?? AMENITIES INCLUDE: METAL HORSE BARN -132X44 WITH 20-12X16 STALLS; FEEDERS AND AUTO WATERERS, GROOMING AREA/ WASH RACK, BREEDING PHANTOM UNDER COVERED AREA, RIDING ARENA 60X100, MARE MOTEL COMPLETELY COVERED WITH 22-12X16 STALLS OR 11X32 STALLS WHEN CENTERS ARE REMOVED, HOT WALKER, SEVERAL LARGE CEMENT PADS, COMPLETELY FENCED, A SEPARATE REAR ENTRY GATE AND MUCH MUCH MORE!!!

1724 Morgan Beaumont Homes For Sale www.andycleaves.com

TAKE A LOOK AT THIS GORGEOUS MOVE IN READY HOME FOR SALE LOCATED IN THE MOST PRESTIGIOUS AREA OF BEAUMONT. HOUSE FEATURES 4 BEDROOMS, 3 FULL BATHS, MASTER BEDROOM HAS A HUGE WALK IN CLOSET, FAMILY AND DINNING AREAS, SPACIOUS UPSTAIRS LOFT, KITCHEN HAS LOTS OF CABINETS AND CENTER ISLAND, HUGE TANDEM GARAGE, LANDSCAPED BACKYARD WITH LOTS OF ROOMS FOR RV, BOATS AND THE OTHER TOYS, COMMUNITY HAS A BEAUTIFUL PARK WHERE YOU CAN BIKE, JOG, WALK ETC…

20 Acre Mountain Top Retreat with 360 Degree View www.andycleaves.com Homes For Sale

MOUNTAIN TOP RETREAT WITH INCREDIBLE 360 DEGREES UNOBSTRUCTED VIEWS ON 20 ACRES. HOME FEATURES 2 BEDROOMS (COULD BE 3 BEDROOMS) 2 BATHS, FAMILY ROOM, PERGO FLOORS AND CARPET, COVERED PATIO, STORAGE BARN, REAL TRAIN CABOOSE THAT COULD BE CONVERTED TO GUEST QUARTERS, PLAY ROOM ETC…. YOUR SLICE OF HEAVEN!!!

Pre-Qual vs Pre-Approval - www.andycleaves.com Homes For Sale

When buying a home, is there a difference in being Pre-qualified and Pre-approved?

Andy Cleaves - Get a Home Warranty!

Get a Home Warranty!

Debt

A couple overwhelmed with what to do after the purchase

Home Values In 95% Of Case-Shiller Markets Are Improving Year-To-Year

For August, the Case-Shiller Index showed annual home values improving across 19 of 20 U.S. markets. It's the first time in 3-plus years that the benchmark housing index has shown such strength.

According to a Case-Shiller Index spokesperson, "The rate of annual decline in home price values continues to improve."

It's yet another sign that housing may have already bottomed.

However, just because the Case-Shiller Index shows a stabilization in home values, that doesn't necessarily make it true. This is because real estate happens on the local level and the Case-Shiller Index is more "national". It tracks data in just 20 U.S. cities.

Homeowners everywhere else are unaccounted for.

Furthermore, even within the 20 tracked Case-Shiller markets, there's no allowance for the natural sub-markets that exist. Some neighborhoods under-perform and some neighborhoods out-perform.

Case-Shiller treats them all the same.

Despite its imperfections, though, the Case-Shiller Index remains a helpful, broader measurement of U.S. real estate. Economists believe that housing led the U.S. into the recession and they believe housing will lead us out, too.

If that's true, August's Case-Shiller data is another step in the right direction.

Falling Home Supplies Mean More Multiple-Offer Situations For Buyers

The national housing supply fell to a 2-year low last month, according to the National Association of Realtors®.

At the current sales pace, existing home inventories would sell out in 7.8 months -- 30 percent faster versus November 2008.

For a 10-month window, that's a major housing supply reduction and it helps to explain why multiple-offer situations have been so common lately.

Moreover, the same report from NAR showed sales activity reaching its highest point since July 2007, too.

If you're looking for evidence that the long-standing Buyers Market is ending, this month's Existing Home Sales report might be it.

Even median sales prices -- typically dragged lower by distressed and foreclosed properties -- declined at its slowest pace in a year.  The market may have turned a corner.

Home prices are rooted in the basic economics of supply and demand.

• When supply outweighs demand, home prices fall
  
• When supply lags demand, home price rise

Since March 2009, the market has been moving in the right direction.  Low mortgage rates, ample housing supply and a first-time home buyer tax credit fueled buy-side demand so that home prices are now rising in many U.S. markets.

If home supplies stay on this path into 2010, expect home prices to rise even more.

Government : Home Values Edged Lower In August

According to the government, home values edged lower last month.

The Federal Housing Finance Agency's Home Price Index report shows values down by 0.3 percent from the month prior -- the index's first down month since April.

The Home Price Index is based on the value of homes financed via Fannie Mae or Freddie Mac and, in this sense, the FHFA Home Price Index is more of a "national" real estate index than its private-sector cousin, the Case-Shiller Index.

But like the Case-Shiller, the HPI is as notable for what it specifically excludes as for what it includes. Most notably, the Home Price Index doesn't account for homes meeting any of the following descriptions:

1. Is considered new construction
   
2. Is a multi-unit property
   
3. Is financed by an entity other than Fannie Mae or Freddie Mac

Given the resurgence of FHA financing this year, this last exclusion is especially glaring.  FHA represents about one-third of all mortgage loans in 2009.

Because of these exceptions, some analysts label the Home Price Index incomplete.  The same could be said of every method of home valuation, however. Case-Shiller only collects data from 20 markets, for example.

In light of these shortcomings, therefore, what's most important is to recognize that both of the "popular" home valuation reports show similar patterns -- home prices have leveled and are showing signs of a rebound.

For a region-by-region breakdown of the Home Price Index, visit the FHFA website.

Government : Home Values Edged Lower In August

According to the government, home values edged lower last month.

The Federal Housing Finance Agency's Home Price Index report shows values down by 0.3 percent from the month prior -- the index's first down month since April.

The Home Price Index is based on the value of homes financed via Fannie Mae or Freddie Mac and, in this sense, the FHFA Home Price Index is more of a "national" real estate index that its private-sector cousin, the Case-Shiller Index.

But like the Case-Shiller, the HPI is as notable for what it specifically excludes as for what it includes. Most notably, the Home Price Index doesn't account for homes meeting any of the following descriptions:

1. Is considered new construction
   
2. Is a multi-unit property
   
3. Is financed by an entity other than Fannie Mae or Freddie Mac

Given the resurgence of FHA financing this year, this last exclusion is especially glaring.  FHA represents about one-third of all mortgage loans in 2009.

Because of these exceptions, some analysts label the Home Price Index incomplete.  The same could be said of every method of home valuation, however. Case-Shiller only collects data from 20 markets, for example.

In light of these shortcomings, therefore, what's most important to today's home buyers and sellers is to know that each of the "popular" home valuation reports show similar patterns -- home prices have leveled and may be starting to recover in earnest.

For a region-by-region breakdown of the Home Price Index, visit the FHFA website.