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 “Coming Soon” sign is a bad idea for a conventional seller, check out Doug Francis’ blog.  Most often, in the Tehachapi area, these signs are an indication that a property…

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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 being rejected because sellers really can’t lower their prices.  How many sellers are facing a situation where even if they don’t owe more than their home is worth, they may…

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Free Lunch?

People say that there’s no such thing as a free lunch.  Well, there is at least a chance for one.    You can definitely get a free drink to go with your lunch (or dinner) at Blue Ginger Pho.  Just print out the coupon below.  You may also be able to get a free lunch.  Watch the short video for details. Click on the images above to open the coupons in a new window for printing in full size.  Remember, if you have a business…

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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 loan costs. To avoid a fee or to receive a discount, most borrowers will need FICO scores of 740 or better and down payments of at least 25 percent. The fee…

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