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Showing posts with label Selling. Show all posts
Showing posts with label Selling. Show all posts
Tuesday, May 15, 2012
Thursday, March 01, 2012
http://video.cnbc.com/gallery/?video=3000075412
Now is a good time to buy a home and finance it with a 30-year mortgage, says Warren Buffett, Berkshire Hathaway chairman/CEO. Buffett discusses why he wants to invest in more businesses, explains why he bought eight European stocks at the end of 2011 and also shares why he decided to invest in the Omaha World-Herald.
Now is a good time to buy a home and finance it with a 30-year mortgage, says Warren Buffett, Berkshire Hathaway chairman/CEO. Buffett discusses why he wants to invest in more businesses, explains why he bought eight European stocks at the end of 2011 and also shares why he decided to invest in the Omaha World-Herald.
Wednesday, September 21, 2011
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Wednesday, March 09, 2011
The Frank Murphy Team Advantage
The Frank Murphy Team is an extraordinary group of successful and highly qualified real estate professionals ready to answer your questions and to help you with your real estate needs. The advantages of working with a Real Estate Team rather than with a solo agent are significant. Would you be comfortable having surgery performed by a doctor who books his own appointments, does his own billing, and greets you at the reception desk? Of course not! Our team members are specialists dedicated to providing quality service, like the staff of any professional group.
Frank Murphy- Broker Associate-Lead Agent
- Contact Info- 831-457-5550 Frank@FrankMurphy.net
- Frank has an extensive background in construction and commercial development serving as a construction superintendent for over 15 years. He has been active in the real estate industry for over 16 years. Frank is a member of the Institute for Luxury Home Marketing, a Certified Residential Specialist, an Accredited Buyer’s Agent, an e-Pro designate and Santa Cruz County’s only Allen Hainge CyberStar internet marketing specialist. Additionally, he was the 4th highest producing Realtor in Santa Cruz County in 2009, ranked by closed sales volume.
Kathy Solomito- Realtor-Buyer Specialist
- Contact Info- 831-457-5553 Kathy@FrankMurphy.net
- Kathy has extensive knowledge of the Real Estate industry. She has spent time in all areas of the business including the mortgage world. Kathy’s expertise spans both the corporate and small business worlds. Kathy had a long career in high tech, working in information technology for Hewlett-Packard as well as working in consulting and project management for two general contractors. Kathy is looking forward to helping our clients find and secure their perfect property.
Glenda Whitlow- Realtor-Transaction Coordinator
- Contact Info- 831-457-5570 gwhitlow@msn.com
- Glenda worked for 18+ years at various title and escrow companies as an escrow officer, 5+ years as a loan processor, and has spent the last 8 years as a transaction coordinator. Glenda knows what it takes successfully close a transaction. As a part of the Frank Murphy Team, she coordinates and manages all paperwork and important dates from contract to close.
Jessica Clements- Marketing & Operations Manager
- Contact Info-831-457-5551 Jessica@FrankMurphy.net
- Jessica has over 10 years of experience in systems management and customer service. She has spent the last 3 years honing her systems management, marketing, and customer service skills for the Frank Murphy Team. During a transaction, she is often the first point of contact for our clients as well as our vendors. Jessica goes the extra mile to support our clients through one of the most important decisions of their life.
Joan Pelletier- Client Care Manager
- Contact Info-831-457-5552 Admin@FrankMurphy.net
- Joan has spent the last several years working in the real estate and marketing industries as an executive assistant. Prior to that she was the manager of a local construction company. Joan is a licensed Broker and a trained paralegal. Joan is an integral part of the Frank Murphy Team. She offers reliable and friendly support wherever needed.
The value of working with the Frank Murphy Team is that someone is always available to assist you whenever you need!
Tuesday, February 15, 2011
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Wednesday, December 29, 2010
Here is a link to our January e-Newsletter
Don't miss this month's cover story: "TASTY TAX TREATS: Today's Homeowners Enjoy Delicious Tax Breaks"
Visit our January E-Newsletter online now by clicking the URL above. Then turn to Pages 2, 3, and 4 for more timely articles of interest to today's sellers, buyers and homeowners.
Tap Our Expertise
Even if you're not ready to buy or sell a home right now, we would be happy to keep you up-to-date on developments in the real estate industry, mortgage financing and our local market. Simply reply to this e-mail or give us a call!
Oh by the way, did you know you can now get an automated investment analysis of your neighborhood - complete with Active, Pending and Sold homes all mapped out - sent directly to your email inbox every month? Now you can always know the value of your home. Try it today. It's informative, it's accurate, and it's free. Oh, and please tell a friend or neighbor too!
Check it out and see what you think at Free Market Snapshot
We hope you enjoy this monthly electronic newsletter. Please forward the link above to a friend who would also appreciate the information. If you have any comments, please e-mail them to us. Or, if you would like answers to your specific real estate questions, we'd be happy to help!
Frank Murphy
831-457-5550
1414 Soquel Avenue
Santa Cruz, California 95062
DRE License #01014048
Tuesday, October 12, 2010
Kathy Solomito-Buyer SpecialistThe Frank Murphy Team
Please join us in welcoming the newest member of the Frank Murphy Team, Kathy Solomito.
Kathy joins the Frank Murphy team as a seasoned Realtor and Buyer Specialist.
Kathy has extensive knowledge of the Real Estate industry. She has spent time in all areas of the business including the mortgage world. In addition, Kathy has vast knowledge of both the corporate and small business industries. Kathy had a long career in the corporate world working in Information Technology for Hewlett-Packard. In the small business environment, she worked in consulting and project management for two general contractors.
Kathy has been a long time active resident of the Bonny Doon Community. In her free time, Kathy enjoys trail riding on horseback in the Santa Cruz Mountains and beyond. She also participates in dog agility trial groups and volunteers at a local long term care facility where she makes regular animal therapy visits with her dog.
Kathy’s thorough and varied knowledge makes her the perfect addition to our team.
Kathy is looking forward to helping our clients find and secure their perfect property. We are excited to have Kathy join our Team.
Feel free to contact Kathy directly regarding your Real Estate needs. She can be reached by phone at 831-457-5553 or by email at kathsolomito@gmail.com
Monday, January 04, 2010
Cities where homes have lost the most value
Far-flung suburbs particularly hurt by glut of new housing built during boom
By Francesca Levy
http://www.msnbc.msn.com/id/34644840/ns/business-real_estate
Homes at the median level in
Providence, R.I., where values sank the most in the Northeast; Detroit, the hardest-hit market in the Midwest; and Port St. Lucie, Fla., the biggest loser of value in the South, have also suffered from their local market's slide.
It's not news that Las Vegas, where value has dropped 48 percent, Miami (down 38 percent), and Orlando (down 31 percent) saw a burst of homebuilding fueled by bad loans and rampant house flipping between the years of 2002 and 2006, and that those building bubbles subsequently collapsed. But it's the exurban cities just outside of easy commuting distance from the most desirable West Coast and
In many of these relatively affordable bedroom communities, subprime lending was rampant. As families clamored to buy homes, prices inflated to match their exuberance. But when the mortgage market disintegrated, these outer-fringe cities were left with a glut of new housing, and the value of these once-desired homes took a nosedive. Bay area satellite cities Stockton and Modesto, where home values have dropped 54 percent and 53 percent respectively, appealed to middle-to-low income buyers — and subprime lenders.
“There was such pressure on housing in the Bay Area that people were being pushed to the outskirts, and prices went up a lot there,” says Cynthia Kroll, senior regional economist at the Fisher Center of Real Estate and Urban Economics at the Haas School of Business, University of California Berkeley. “They were areas where a lower-income population was trying to buy homes, and they were the target for subprime loans.”
To find the cities where home values fell the most, Local Market Monitor (LMM) pinpointed 10 Metropolitan Statistical Areas — as defined by the Office of Management of Budget and used by the federal government to collect statistics — in each census-defined region (Northeast, South, Midwest and West) where the Federal Housing Finance Agency's Home Price Index had fallen the most from that market's peak, to the third quarter of 2009. The FHFA index is derived from data on all mortgages bought or backed by Fannie Mae and Freddie Mac.
The numbers show that housing markets at the heart of the boom on the West Coast and in
On average, markets on the West Coast have lost 21.6 percent in home values since their peaks, and
There is also a broad spread in how early the decline began in different cities. Although the national peak in home prices occurred in the second quarter of 2006, according to Case Shiller, individual markets, such as Ann Arbor, Mich., peaked as early as the second quarter of 2005 and as late as the third quarter of 2009 in a number of Texas and Iowa metros. The tide changed during the same quarter in markets scattered around the South and Northeast, proving that cities underwent housing recessions timed as much by local economic factors as the national climate.
“There are timing differences here,” says Susan Wachter, a professor of real estate at the
The cities that lost the most home value in the South are, unsurprisingly, concentrated in the
“In
In the
By Francesca Levy
http://www.msnbc.msn.com/id/34644840/ns/business-real_estate
Monday, May 05, 2008
The State of the Market: Not as Bad as You'd Expect?
According to Market Watch,
"Top officials with the National Association of Realtors and Standard & Poor's, which issues the S&P/Case-Shiller Home Price Index, agreed this week their monthly reports are giving imprecise readings of price changes at all levels -- national, state and regional -- due to rare market conditions that are skewing survey results."
These "rare market conditions" include an anomalous trend in which sales of more expensive homes are dropping do to tighter lending restrictions and sales of less costly homes are spiking due to increased foreclosures. These phenomena combine to dramatically lower the national median home cost.
In addition, the S&P/Case-Shiller index tracks just 20 major markets in the country, making its data less than representative; and, the fact that the index has only been around since 2001 is good to keep in mind to keep some perspective when it issues reports using language such as "plunged by a record" and "fastest rate ever."
In the end, Chris Plummer reports that, according to the NAR's Chief Economist Lawrence Yun, "pockets of severe price declines in local markets are skewing figures. If homeowners want to determine their property's value, it's never been more critical to take the measure of recent sales by home-price level in their town or city neighborhood."
For a free report to determine the value of your home based on local market conditions, contact me directly at frank@frankmurphy.net or 831-457-5550.
To read the article in its entirety, click here.
Saturday, November 24, 2007
2008 California Market Forecast & Statistics Galore!
That's right! On October 10, California Association of Realtor (CAR)'s Vice President and Chief Economist, Leslie Appleton-Young, released the 2008 Real Estate Market Forecast for all of California.
Click HERE to access regional and state-wide statistics, detailed charts and graphs, a 2008 forecast and 2008 market opportunities!
For more information on taking advantage of this forecast and more, be sure to call me at 831-457-5550 or shoot me an email at frank@frankmurphy.net!
That's right! On October 10, California Association of Realtor (CAR)'s Vice President and Chief Economist, Leslie Appleton-Young, released the 2008 Real Estate Market Forecast for all of California.
Click HERE to access regional and state-wide statistics, detailed charts and graphs, a 2008 forecast and 2008 market opportunities!
For more information on taking advantage of this forecast and more, be sure to call me at 831-457-5550 or shoot me an email at frank@frankmurphy.net!
Tuesday, October 02, 2007
WHY YOU SHOULD PRICE YOUR HOME REALISTICALLY
TIME Chances are that your home will sell at its fair market value. Pricing it realistically at the outset simply increases the likelihood of a timely sale with less inconvenience and greater monetary return.
COMPETITION Buyers educate themselves by viewing many homes. They know what is a fair price. If your home is not competitive in value with those they have already seen, it will not sell. Buyers typically look at homes within a $10,000 price range. If your home is not priced within the correct range, it very likely will not be exposed to its potential or targeted buyers.
REPUTATION Overpricing causes most homes to remain on the market for too long. Buyers who are aware of a long exposure period are often hesitant to make an offer because they fear "something is wrong" with the house. It often happens that homes that are on the market for a long time eventually sell for less than their fair market value.
INCONVENIENCE If overpricing keeps your home from selling promptly, you can end up owning two homes - the one you've already purchased and the one you're trying to sell. This can prove costly and worrisome, as well as inconvenient.
EIGHTY PERCENT OF THE MARKETING OF YOUR HOME IS DONE THE NIGHT WE DECIDE AT WHAT PRICE WE WILL LIST YOUR HOME.
IF YOU ARE UNWILLING TO LIST YOUR HOME AT, OR JUST BELOW, THE
CURRENT MARKET VALUE YOU ARE BETTER SERVED NOT PUTTING IT ON
THE MARKET AT ALL.
FRANK MURPHY
TIME Chances are that your home will sell at its fair market value. Pricing it realistically at the outset simply increases the likelihood of a timely sale with less inconvenience and greater monetary return.
COMPETITION Buyers educate themselves by viewing many homes. They know what is a fair price. If your home is not competitive in value with those they have already seen, it will not sell. Buyers typically look at homes within a $10,000 price range. If your home is not priced within the correct range, it very likely will not be exposed to its potential or targeted buyers.
REPUTATION Overpricing causes most homes to remain on the market for too long. Buyers who are aware of a long exposure period are often hesitant to make an offer because they fear "something is wrong" with the house. It often happens that homes that are on the market for a long time eventually sell for less than their fair market value.
INCONVENIENCE If overpricing keeps your home from selling promptly, you can end up owning two homes - the one you've already purchased and the one you're trying to sell. This can prove costly and worrisome, as well as inconvenient.
EIGHTY PERCENT OF THE MARKETING OF YOUR HOME IS DONE THE NIGHT WE DECIDE AT WHAT PRICE WE WILL LIST YOUR HOME.
IF YOU ARE UNWILLING TO LIST YOUR HOME AT, OR JUST BELOW, THE
CURRENT MARKET VALUE YOU ARE BETTER SERVED NOT PUTTING IT ON
THE MARKET AT ALL.
FRANK MURPHY
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