Ask Phyllis: a blog series of frequently asked real estate questions. Email us here
Short Sale Waiting Game Proves Frustrating
Dear Phyllis,
In November I made an offer on a short sale. The home was listed for $819,000, I bid full pric...
Let's look at the Glendale Housing Stats for March 2022. Forty-five Glendale homes closed escrow. Thirty-five of these homes sold over the asking price, two at the asking and eight less than the asking price. Two of the March sales had price re...
Leaving So Cal and moving to Boise: It's not a surprise to learn many So Cal residents are leaving the state. They are moving to a variety of destinations. Recently, we had a client sell her Shadow Hills equestrian home and move to Boise. She w...
Last month the most expensive home sold in Glendale was 2041 Rimcrest Dr., Glendale. This luxury view home listed for $4,995,000 and sold in seventeen days for $4,700,000. Although most homes are selling quickly, we notice that often luxury hom...
Loan approval difficulties
Ask Phyllis: a blog series of frequently asked real estate questions. Email us here
Dear Phyllis,
I had been in escrow on a short sale for six months. My agent suggested that I apply for my loan but wait to o...
Here's our in-depth view of the La Canada Housing Market for March 2022: Last month twenty-one homes sold. Just six of these La Canada home sales were less than $2,000,000. Fourteen of these homes sold over the asking price. Three at asking and...
You've been looking at homes for months. And you finally found one you like and just as important it's in your price range. Now the question: Do you make your highest offer right from the start? Certainly, you really need your Realtor's guida...
Last month the most expensive home sold was 4331 Shepherds Lane La Canada. This luxury Mediterranean estate sold for $6,250,000. This property was sold prior to being listed in the MLS (Multiple Listing Service). The sellers previously listed t...
How long does it take to get your offer accepted?
Ask Phyllis: a blog series of frequently asked real estate questions. Email us here
Dear Phyllis,
For nearly half of last year we have been looking at homes and made offers on several. ...
The federal funds rate is the target interest rate set by the Federal Open Market Committee. This is the interest rate at which the Fed suggests commercial banks borrow and lend their excess reserves to each other overnight.
Just over tw...