Coming Soon?

How often does it happen that you are driving around Tehachapi keeping an eye out for new real estate signs and you see one that says "Coming Soon?"  What does this mean? Usually, "Coming Soon" signs are put up on behalf of sellers of foreclosed properties.  For an excellent article on why putting up a … Continue reading Coming Soon?

If this is a buyer’s market why hasn’t your offer been accepted?

Everyone keeps talking about how this is a buyers' market.  Sellers often feel that they are being beat up, especially over price.  But Tehachapi buyers complain that their offers are being rejected.  What drives this? Inventories are high and prices are low so it really should be a buyers market, right?  Buyers' offers are often … Continue reading If this is a buyer’s market why hasn’t your offer been accepted?

Tehachapi Home Buyers See Mortgage Fees Increase

Fannie Mae and Freddie Mac are raising risk fees charged to lenders on loans they buy for resale to investors for the first time since 2009.  They are also adding risk fees to more loans offered to borrowers with exemplary credit.   Although lenders could absorb the cost, most are expected to add the fees to … Continue reading Tehachapi Home Buyers See Mortgage Fees Increase