Realtor Dale Warfel

Troubled Times for Real Estate

Mortgage defaults have reached a 20 year high. The fallout is a transfer of ownership of real estate assets. Borrowers and owners have now had to relinquish title deeds in favor of lenders and investors. Real estate capital providers are mystified, frantically searching for a painless exit strategy from real estate investments that have turned sour. The problem has worsened since lenders possess property ownership expertise. Many are seeking to outsource the function of real estate management to real estate professionals. This opens a Pandora’s Box for experienced real estate professionals to offer their expertise on management of REO properties.

A Dedicated Bay Area Realtor

Despite the vagaries of the real estate market and the new opportunities that have opened, Dale Warfel, an experienced real estate professional, has confined his activities to buying and selling properties in San Jose neighborhoods. He has been in the business for over 13 years now and has witnessed a property boom in 2006 and the present low. He offers his substantial expertise to prospective home buyers, not merely in finding a suitable home but also in seeking an affordable mortgage. Dale Warfel is fully conversant with prevailing California real estate laws. With his experience he is able to correctly assess a fair value of a property in a particular neighborhood, given the depressed economic environment.

Mortgage Norms

Though housing prices have fallen, in most places they prevail alarmingly high when compared with rents and incomes. A bank norm for a safe mortgage is a maximum of 3 times the annual income of a buyer with a down payment of 20%. According to landlords, a safe mortgage runs to a maximum of 15 times the income from annual rent. However these norms are being grossly violated on the coasts. With a 3% down payment, buyers are borrowing as much as 6 times their annual income. Even with declining prices, sellers are quoting as much as 30 times the annual rent.

Dale Warfel’s Bay Area Expertise

Dale Warfel is a realtor who buys and sells housing properties in the Bay Area. He is an experienced real estate agent who guides a buyer or seller as to a fair price for a property given the uncertain times and the neighborhood. He can also advise a buyer on a safe and affordable mortgage. San Jose real estate can be confusing to the unfamiliar, since there are so many neighborhoods. Dale Warfel’s website www.dalewarfel.com contains comprehensive data on homes in San Jose communities. It offers a homeowner an expert assessment of the value of his property and a buyer can search San Jose MLS – and all this for free. Dale Warfel can be contacted at 408.624.6202.

The Housing Market in 2010

The collapse of the housing market is what triggered the current economic meltdown. Housing determines consumer confidence and bank behavior. Lack of consumer confidence reflects in a falling housing market, as the United States has been witness to. The present financial crisis is unlikely to improve till the housing market demonstrates a recovery. Where are housing prices headed, in this New Year? That is a question no one has an answer to. Broad economic indicators like price to rent and price to income ratios along with prevailing housing inventory all point to housing being far better placed than last year. But housing is still far from cheap. Worse, the foreclosure plan and first time homebuyer’s credit are due to expire during the current year. When that happens, there is every possibility of a negative impact on prices. It would hence be fair to assume that housing prices have not seen the bottom.

San Jose Housing

Despite the ups and downs of the economy, Dale Warfel, a real estate agent of many years standing has been buying and selling homes in San Jose and other surrounding neighborhoods. Dale Warfel knows the area intimately having worked in it for the last 13 years. He has established a reputation for reliability and integrity, which remains unshaken despite the vagaries of the uncertain housing climate. To buy or sell Bay Area real estate property, do contact Dale Warfel at 408.624.6202. His website www.dalewarfel.com is a fund of useful information for buyers and sellers.

Finding the Right Home

The home buying process in California is different than most other states in the country. An offer is invariably made in writing, accompanied by a deposit check for 3% of offer price as a measure of ‘good faith’. The agent then presents the offer to the sellers and their agents. The buyer and seller never really get to meet.

Before then, a good agent will conduct an interview with the buyer to ensure he/she is ready and able to buy a home and is aware of the implications. The agent will also require full details of the home the buyer is looking for. This gives the agent a clear picture to take the buyer to the ideal home he/she is looking for. No good agent proceeds without an initial qualifying interview. The agent will then take the buyer through the loan process. An approved loan puts the buyer in a strong negotiating position.

An Experienced Bay Area Realtor

Dale Warfel has been buying, selling and investing in Bay Area real estate properties since 1997. He is fully conversant with the real estate laws and procedures. Dale Warfel is a skilled realtor and has concluded numerous deals to the satisfaction of both the buyer and seller. He can be contacted at 408.624.6202. His comprehensive website is at www.dalewarfel.com. Apart from listings, it contains useful information for both buyers and sellers.

Foreclosed Homes

A foreclosed home or property is an attractive proposition as it is usually available at well below the market rate. The possible saving has attracted many homebuyers. Unfortunately alert investors come to know of such bargains well before and close a deal long before the homebuyer. To preclude speculators and investors, Fannie Mae launched its First Look initiative in November to promote home purchases by owner occupants. Under the First Look initiative, for the first 15 days a property is put on the market, the only offers to be considered are those from buyers using public funds and owner occupants. It is essential for eligible buyers to act immediately on these properties in the first few days to exploit this competitive advantage. Fannie Mae and Freddie Mac together are the two largest foreclosed homeowners in the nation. It is estimated that Fannie Mae alone holds an account of over 75,000 foreclosed properties in its REO inventory.

Buying Foreclosed Properties

Dale Warfel is a long-standing realtor who operates in the San Jose neighborhood and surrounding areas. He also deals in foreclosed real estate properties in Almaden Valley for which he holds a hot-list of listings on what is available. Dale Warfel is able to guide a homebuyer in the advantages and disadvantages of a foreclosed property purchase. He can be contacted at 408.624.6202. Please visit his website, www.dalewarfel.com and check out the hot-list of homes for sale in Willow Glen.

Housing Forecast for California

California has been battered by 30% unemployment, increasing bankruptcies and an economy in shambles. The state is a classic example of the consequences of unethical mortgage lending practices tinged with Wall Street manipulation. Real Estate has survived through unprecedented financial losses. California has faced the worse economic meltdown since the Great Depression. Nonetheless, housing markets are poised for a faltering U-turn in some parts of the state.

A recent spurt in sales has slashed the inventory of homes in some neighborhoods of the San Francisco area. In the Bay Area, home prices will have to drop further before activity resumes to match the demand. The forecast for San Francisco is a 6.8% deflation for the year. The situation is likely to be worse in Silicon Valley and the Bay Area where housing deflation is projected to touch 8.9%.

A realtor from Santa Clara County

Dale Warfel is a real estate agent with 13 years of dedicated experience in the real estate market, who operates in buying and selling homes in San Jose. He has a number of foreclosed properties on his listings that are available at bargain prices. Dale Warfel is a Certified Short Sale Professional (CSP) who has come to the assistance of many a distressed homeowner facing imminent foreclosure. For information on available San Jose homes for sale or real estate properties in Santa Clara County and for assistance in short sale negotiations, call Dale Warfel at 408.624.6202 or email him through his website www.dalewarfel.com.

A Housing Bubble in the making

Housing prices have not reeled under such a blow since the Second World War. Expectations are high and a new housing bubble is in the making. But industry analysts are guarded, deflating hopes of double-digit appreciation. Instead they predict an unsteady, tortoise-like rise. The Fed has been mopping up mortgage notes so far, which is likely to end soon. In an effort to woo homebuyers back into the market, the Board of Governors is keeping interest at or around zero percent.

The embryonic housing bubble is nurtured by the Fed’s goal to resuscitate the housing market and stimulate economic recovery. However, little has been done for real estate speculators and investors, entrapped in the foreclosure vortex. A record inventory of foreclosures will be on offer, as soon as the banks raise the mortgage floodgates. Property prices in the major part of the country are expected to see a further decline if the government does not take firm measures with bankers, to work with homeowners facing foreclosure.

Forecast for the Bay Area

Housing markets in some parts of California appear to be poised for a turnaround. The turnaround is likely to take place at snails pace in the Bay Area where large numbers of sub-prime and adjustable rate mortgages were transacted.

Dale Warfel is a Bay Area realtor backed by 13 years experience. He knows the territory and is on top of fluctuations in real estate prices. He has been of invaluable assistance to homeowners in effecting short sales to avoid foreclosure. Dale has a listing of foreclosures for investors and homeowners looking for a bargain. To contact him, call 408.624.6202. For more on Bay Area homes listings, please access his website at www.dalewarfel.com.

Virtual Staging a Home

A house should be presented at its best to fetch the best price and attract buyers. But the cost of staging a house can be excessive, well outside the reach of a prospective seller, especially for a vacant property. Props and furniture will need to be hired which makes the staging cost prohibitive.

Many home sellers and realtors are resorting to virtual staging, resorting to computer technology to adorn their potentially listed homes for sale with furniture, photos and other décor. Many buyers today use online photos to narrow their choices, so this method makes sense. Today professional stagers can create staged images of a home at a fraction of the cost of physical staging and in double quick time. The images, which are stunningly realistic, veer away from the idea that they are computer generated.

Dale Warfel for Bay Area Listings

Dale Warfel is in the business of buying and selling homes in San Jose and other surrounding neighborhoods in California. He is an experienced realtor who knows the area intimately and keeps his ear to the ground for Bay Area homes, condos and general real estate that are up for sale. Dale Warfel offers advice on buying and selling and staging a home for sale. His website, www.dalewarfel.com is a fund of information. This Bay Area realtor can be contacted by calling 408.624.6202.

2010: Mortgage Rates Predictions

The Federal Mortgage Program has been extended once already. The revised date of termination is currently end of first quarter 2010. But the Fed is worried that the private market may not be able to survive without the support of its program. If market conditions show no improvement when the program is scheduled to end, the Fed is very likely to extend it further. If and when the Fed decides to end the program, market gurus forecast that mortgage rates are likely to rise to perhaps 5.75%. More than likely rates will run around 5.5%, as soon as the program ends. The state of the economy and the job market situation will determine any shift from this median. Gurus feel that the rates will even out at just below the 6% mark.

Dale Warfel San Jose Realtor

The neighborhoods of San Jose are Dale Warfel’s territory. He has been working the area for nearly 13 years now, having bought and sold homes, properties, condos … in fact anything in real estate. Dale Warfel has lived all his life in Santa Clara County which makes him a true son of the soil. By discipline, Dale Warfel is an engineer but has since been accredited with numerous real-estate designations. Please visit his website at www.dalewarfel.com to know more of him. Peruse the testimonial page to learn of his many eminently satisfied clients.

Shopping around for a Loan or Mortgage

Before you start looking for a home loan or mortgage, be clear in your mind on what exactly you’re looking for. This will save a lot of time chasing deals that wouldn’t suit your need. Here are some steps that will help:

Ask friends and acquaintances who have been through the mill for their experiences and recommendations.
Talk to banks, mortgage companies, credit unions and brokers. Study and compare the various offers.
Check out websites that tell you about thousands of loan deals from various lenders. You will be required to enter a few details of what you’re looking for and be directed to a list of lenders that meet your requirements.
Major Banks, Building Societies and Finance Companies have special offers. Details are available on their websites.
Loan deals are also available through brokers. Brokers search the market for the best deals saving you a lot of work.

Dale Warfel and Bay Area Properties

Dale Warfel is a Bay Area realtor backed by 13 years experience in buying and selling homes in San Jose and the surrounding neighborhoods. His website at www.dalewarfel.com is a fund of information for buyers and sellers. It also contains a rundown of the most popular areas in and around Almaden Valley and Willow Glen. Dale Warfel lists foreclosures and offers a free market analysis of your property. To contact him, please call 408.624.6202

The Three commonest methods of estimating Property Values

The three customary methods Property appraisers use, to assess Property values are:

1. The Comparison Sales Method: The comparison sales method uses recent sale prices of comparative properties of the same size, quality, features and amenities as a benchmark for assessment. Suitable adjustments have to be made for properties sold at unrealistically high or low prices.

2. The Replacement Cost Method: The replacement cost method is based on an assessment of the cost involved in rebuilding the property with construction materials and methods of equivalent quality. The best method of getting such an assessment is through an independent insurance broker attached to an insurance company that covers property insurance.

3. Income Method: The income method is used when estimating the value of an income producing property. It is based on the net income potential of the property.

Dale Warfel and Property Assessment

Dale Warfel is a realtor who deals with properties in San Jose neighborhoods. He offers a free comparative market analysis of any Bay Area home. You can fill in the details by clicking on http://dalewarfel.com/Nav.aspx/Page=/HomeValue/Default.aspx. Dale Warfel can be contacted at 408.624.6202. This Bay Area realtor has 13 years of experience in the real estate market, which has made him completely familiar with property price movements in this particular area of California.

Sources of Real Estate Information

There are many sources of information that a prospective buyer can resort to when looking for a real estate property. Some of these are:

Bulletin boards, small publications and local papers. Make sure you buy the first copy straight off the press so someone hasn’t beaten you to a bargain.
20% of garage sales are held by people selling out and moving on. Ask neighbors of people holding garage sales whether the house is coming up for sale.
Check out with local lenders about any imminent foreclosures or short sales. If you pre-qualify with lenders, you stand a better chance if something arises.
The local newspaper has postings about tax sales, foreclosure auctions, HUD and VA listed properties. The best chances of success are when a property must be sold and the auction is held in bad weather.
Post fliers in public places, offering a commission on a hot deal.

What about a Real Estate Agent?

If you’re looking for something in a San Jose neighborhood, your best bet is to contact Dale Warfel, a local realtor. Dale Warfel has been buying and selling San Jose properties for over 13 years now. He has a sharp nose for what a person is looking for and is quick to close in on a sale. Dale Warfel is also on the ball with foreclosures and short sales. Visit his website at www.dalewarfel.com or call him at 408.624.6202

Selling Strategies to Maximize Sale Price

Most homeowners are unfamiliar with the ebbs and flows of the real estate market. It is well worth educating oneself of the process and details before listing with an agent to sell your home. The agent becomes a key player in the exercise of getting the best price possible. It pays dividends to exercise caution when appointing an agent. Here are a few useful tips when placing your home on the market.

Ask for a detailed plan from title to escrow, so you have no surprises in store.
Request a comprehensive property report, listing suggestions for improvement, superficial changes and anything likely to enhance the selling price.
What are the alternatives to selling like leasing, renting etc.
Insist on prequalification of prospective buyers so you don’t waste time on unqualified prospects.
Ask for a detailed marketing plan that includes telemarketing, direct mail, advertising and any other method suited according to the location of your home.

Selling a San Jose Property

Dale Warfel is a realtor who deals specifically in buying and selling properties in San Jose. This real estate agent with excellent interpersonal, communication and negotiation skills has nearly 13 years of experience, behind him. He is thoroughly versed in the State laws of California and the legalities of purchases and sales. His website at www.dalewarfel.com contains a wealth of useful information for a prospective property seller. Dale Warfel can be contacted on 408.624.6202

Buy energy efficient homes
The public have grown increasingly aware on environmental issues and most consumers are doing their bit by choosing eco friendly products that has a minimal impact on the environment. More and more people are opting for environmentally-friendly, green homes that are energy-efficient and use the minimal amount of scarce resources. Some areas of particular note are listed below:

Are the walls insulated? An insulated wall retains heat in winter and repels it in summer resulting in reduced energy bills.
Are the walls made of an approved environmentally-friendly material?
Is the flooring green-compliant and of a renewable resource?
Do the doors and windows leak? This is a major source of energy loss. Many homes are now being built with Energy-Star rated fitments.
How old is the furnace. Pre-1992 furnaces with a standing pilot are high energy and nearing the end of their efficient life.
Are water lines insulated for heat retention?
Does the landscaping provide trees and shrubs with foliage to block infrared solar radiation?

Dale will help find you an energy efficient home

Dale Warfel is an experienced realtor in the San Jose area who is aware of changing environmental concerns. He is intimately familiar with all the neighborhoods and is able to meet all the requirements of his clients, no matter how exacting. Do visit his website at www.dalewarfel.com to view his listings or specify your requirements on http://dalewarfel.com/Nav.aspx/Page=/Forms/ContactForm.aspx with particular reference to an energy-efficient preference.

Buy energy efficient homes

The public have grown increasingly aware on environmental issues and most consumers are doing their bit by choosing eco friendly products that has a minimal impact on the environment. More and more people are opting for environmentally-friendly, green homes that are energy-efficient and use the minimal amount of scarce resources. Some areas of particular note are listed below:

Are the walls insulated? An insulated wall retains heat in winter and repels it in summer resulting in reduced energy bills.
Are the walls made of an approved environmentally-friendly material?
Is the flooring green-compliant and of a renewable resource?
Do the doors and windows leak? This is a major source of energy loss. Many homes are now being built with Energy-Star rated fitments.
How old is the furnace. Pre-1992 furnaces with a standing pilot are high energy and nearing the end of their efficient life.
Are water lines insulated for heat retention?
Does the landscaping provide trees and shrubs with foliage to block infrared solar radiation?

Dale will help find you an energy efficient home

Short sale negotiation

A short sale is a sale of property when the borrower is in distressed circumstances because of the inability to keep up with mortgage repayments. A short sale is a last resort of a borrower to avoid a foreclosure. Though the lender loses money in a short sale, it is often a preferable alternative as the process is quick and cuts further losses and delays that are associated with the legalities of a foreclosure. Even if lenders have many short sales on their books, the procedure is often daunting for the buyer of the property.

Negotiations start at the ‘Loss Mitigation Department’ of the lender and entails offers and counter offers. A host of documents are involved, which require to be carefully scrutinized. The lender will also wish to see a written contract between the seller and proposed buyer to ensure that the seller stands to gain nothing from the deal.

Dale Warfel, Short Sale Professional

Dale Warfel is a real estate professional whose area is the neighborhoods of San Jose. He is a seasoned realtor who has been buying and selling San Jose homes for nearly 13 years. Dale Warfel is a Certified Short Sale Professional (CSP) and a skilled negotiator, experienced in the thrust and parry of short sale negotiations. Do visit his website at www.dalewarfel.com to know more about his activities. Dale Warfel can relieve you of the frustrations associated with a short sale purchase. He can be contacted at 408.624.6202.

Finding a top-notch realtor

When selling a home, the right real estate professional is absolutely essential. When selecting one, a homeowner should do a little research. A prospective agent should be able to tell the homeowner of his/her marketing strategy and the advertising towards a sale. This helps a homeowner decide whether the real estate agent is capable and able to communicate effectively and convincingly. The homeowner must judge dispassionately if the realtor will present and sell the less obvious assets of a property.

Real estate professionals must necessarily be conversant with the community, know the history of the area and the relevant features and advantages. He or she must be in a position to highlight the advantages in a persuasive and convincing manner. The agent must be able to assess the expected price with a reasonable degree of accuracy and what equivalent properties are asking or have been sold for.

Dale Warfel, Bay Area Realtor

Dale Warfel has been buying and selling real estate in the San Jose neighborhood for nearly 13 years now. He is fully conversant with the area in which he operates and is articulate and credible. To know more of his personal attributes, please click on www.dalewarfel.com/Nav.aspx/Page=/About/Default.aspx. This Bay Area realtor can be contacted on 408.624.6202. His website at www.dalewarfel.com contains a fund of useful information for a prospective home seller.

Types of Home Listings

There are various types of home listings that a potential home seller should know about, before deciding how best to go about selling their home.

The ‘Open Listing’ is used by owners selling their homes directly. The owner is still prepared to work with real estate agents who are permitted to bring prospective clients to view the home. If a sale transpires, the agent earns a commission. In such a case the agent will not put the home on his/her Multiple Listing Service.

A ‘One Time Show’ is for sale by owner (FSBO) used by real estate agents, and is comparable with an open listing. The seller signs the agreement with the buyer if a deal is reached, in which a commission is guaranteed to the agent.

An ‘Exclusive Agency Listing’ authorizes an agency to list and sell a home for a commission. This does not exclude the seller from finding his/her own buyer. This is not a very popular arrangement as there are a number of pitfalls which leaves the agent’s commission unprotected.

An ‘Exclusive Right to Sell’ authorizes an agent to sell exclusively and appoints him/her as a listing agent. The agent is at liberty to appoint sub-agents. In this arrangement even if the buyer sells the property directly, the agent is still liable to commission. This is by far the most popular and successful listing arrangement.

Dale Warfel – Reputed real estate agent

Dale Warfel is a real estate agent based in the California bay area who has earned a reputation for selling homes at the most favorable price. His website www.dalewarfel.com is a mine of information to prospective home sellers. Dale Warfel offers a free comparative market analysis of what a home is worth in the current market. For a full service in home sale, contact Dale Warfel at 408.624.6202.

Home staging

Home Staging is a little-known profession except to those in the trade. Simply put, home staging is the art of preparing a home for sale to make it look as attractive as possible and at times, to drive the price up. Professional home stagers are experienced in show casing a home to its best advantage. They work by editing and re-arranging furniture, eliminating clutter and assisting in enhancing curb appeal. At times, they might hire rented furnishings to achieve the desired ambience. Professional home stagers charge a fee that might be calculated on an hourly basis or for the whole assignment.

Fine homes for sale in San Jose

Dale Warfel is a long standing Bay Area realtor with vast experience in home sales. His website contains heaps of invaluable information for a potential home seller which may be accessed by clicking on www.dalewarfel.com/Nav.aspx/Page=/RealEstateTips/HomeSelling/Default.aspx . In this, he advises how to prepare a home for sale, what to expect and how best to list it. Dale Warfel offers a free analysis of what a home is worth in the current market environment. This serves as a guide to the asking price and what the bottom line should be. Dale Warfel lists fine homes in the finest San Jose neighborhoods like Blossom Valley, San Teresa, Willow Glen and Almaden Valley. If you intend selling your home, first check with Dale Warfel, who can be contacted on 408.624.6202. You would benefit by studying his website www.dalewarfel.com .

Golfing in San Jose

The Cinnibar Hills Golf Club has earned encomiums for being the best golf club in San Jose. According to the San Jose Magazine, it has been the best public golf course in the Silicon Valley for 7 consecutive years from 2002 through 2008. The Cinnibar Golf Club is just one of the numerous golf courses in the Bay Area, and one of the 2500 golf courses in California which makes the state the trendiest golfing location in the country. Many of its finest golf courses are in the Bay Area.

California has produced some of the best golfers on the planet. Legendary golfer Tiger Woods, slated to be the best golfer the world has ever seen was born in Cypress, Ca. Another of California’s greats is Phil Mickelson, born in 1970 in San Diego. Not to be left behind, amongst the ladies is Jane Park born in Beaumont, who plays the LPGA tour.

Golf Lovers can invest in a residential property

The Bay Area is a haven for golf aficionados. Contact Dale Warfel, a real estate agent who knows of homes and properties near some of the areas finest golf courses. Dale Warfel has been a San Jose realtor since 1997 and knows every golf course in his beat. Dale can be contacted at 408.624.6202 for a quick response. His website at www.dalewarfel.com features a few of the current listings. Talk to Dale Warfel for homes for sale in Willow Glen, Almaden Valley, Cambrian Park, Midtown, Monte Sereno, Campbell, Rose Garden, Los Gatos and Morgan Hill.

An Experienced Bay Area Realtor

Advertisement