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Eureka Real Estate Update

by The Dean Kessler Team
 
September 2008
% Change
September 2007
Active Listings
313
-9.0
344
Pending Sales
32
-17.9
39
Sales
32
+39.1
23
Bank Owned Sales
5
-
0
Average Sales Price
$286,171
-10.8
$320,878
Time Supply of Inventory (months)
9.8
-34.7
15.0
 
 
The top 4 categories of who the Home Buyers are
·38% are 1st time homebuyers
·25% are move up homebuyers
·13% are downsizing
·6% are relocating to the area
 
Again the 1st time homebuyers are leading the home buying charge. Two years ago loan products with acronyms VA and FHA had fallen out of favor in light of the many new, flashy loan programs being offered. Cool and sexy sounding acronyms like SIVA, SISA and NINA. Today, VA and FHA are the loan products making it possible for many buyers to purchase.
 When the 1st time home buyers buy it allows those sellers to purchase a larger home. So it’s no mystery that the “Move Up” Buyers are the 2nd most active category.
 
 
Dean Kessler – The Kessler Real Estate Team,
Dean@TheKesslerTeam.com   441-1765
(Source: Humboldt Multiple Listing Service)

Chicago, IL-  Kristi Rohweder, a Realtor of The Kessler Team in Eureka, participated in an intensive two-day Buyer Specialization course, instructing a select group of REALTORS on how to dramatically improve the services they render to real estate buyers; thereby enabling buyers to find the home value they’re looking for in less time and with fewer hassles.

 

This program was presented as part of Star Power University, the real estate industry’s only University-level series of intensive, comprehensive training programs.  There are many events that address a broad spectrum of issues, but only Star Power offers a series of four sharply-focused programs for specific aspects of the real estate business, from team and systems development to listing specialization and leadership.

 

The course was taught by Star Power Systems’ cadre of Stars; all top producers, whose annual production averages $43 million.

 

Star Power Founder and CEO, Howard Brinton, claims it is rare in any industry, and certainly in real estate, to find this level of commitment to clients.  “Kristi and her team have demonstrated a deep commitment to better serve their clients.  Their dedication is evidenced in their investment in this course, and the substantial expense involved to be here.  Kristi and her peers are something special, and the clients who are served by them are fortunate indeed,” he said.

 

A key element emphasized in the program is exceptional client communication and service.  To that end, Rohweder would like to make available to Eureka area residents, FREE of charge, a special report on The Nine Steps to Successful Home Buying.  Those interested in obtaining a copy of the report should call Kristi Rohweder at (707) 441-1765, or email a request to kristi@thekesslerteam.com.  Or, stop by her office at 537 7th Street, Suite 3 in Eureka.

Foreclosure Prevention Team in Humboldt County

by The Dean Kessler Team

 

(Eureka) Regardless of the reasons that are used to explain the current mortgage crisis in the United States, the reality that we are faced with is that more homeowners are in financial distress due to real estate than at any time in the history of real estate.

 

Eureka’s own Dean Kessler of The Kessler Real Estate Team at RMK Realty Inc., has earned the designation of a Certified Distressed Property Expert (CDPE) and is ready to help families in need of his services. “I will help homeowners find the best solution to whatever financial crisis they are facing,” says Dean Kessler. “I am fully informed of the issues and know the detailed processes and procedures for working with and through the banks. There are many options that homeowners can take to prevent a foreclosure. We help our clients identify the options that are best suited for their situation.”

 

Residential real estate has many specialized areas and many agents take specific courses to deepen their understanding of issues and build upon the foundations they learned when acquiring their real estate license. The Distressed Property certification is one of the most important certifications in today’s market; it gives agents a full understanding of the complexities of short sales, pre-foreclosure, and foreclosures.

 

One thing remains the same for the majority of homeowners: the best solution for an individual wanting to sell a property is to seek the guidance, counsel and services of an educated licensed Realtor.

 

Says Dean Kessler, “Sometimes the best solution can be a ‘Short Sale’ – when a negotiation is entered into with the homeowner’s mortgage company or companies to accept less than the full balance of the loan at closing.” This should be one of the last options before foreclosure.

 

Owners in pre-foreclosure should seek out a Certified Distressed Property Expert as soon as possible. The foreclosure procedure timeline in California is only four (4) months from Notice of Default (NOD) until the foreclosure sale.

 

To find out all the benefits and options for preventing foreclosure, contact Dean Kessler, Broker, CDPE. His market includes Eureka, Fortuna, Arcata and McKinleyville. He can be reached at dean@TheKesslerTeam.com or 441-1765.

 

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 CA Department of Real Estate #01313330