I am suprised that this house is still for sale! So much charm, old world feel, history, beauty, LAND, details. Love this house!

Check out this link for more information about the historical aspect of the house! Historical 1252 Cherry Ave

People often ask how sales are and how Willow Glen is doing. In a nutshell, Willow Glen had 8 sales in the last week. The week before it was 6 sales. There were two sales over a million $. The first one was at 1115 Carolyn Ave. with a list price of $1,979,989 3,825 sq ft. The other was at 1821 Campbell Ave. listed at $1,689,000. So sales are still happening.

The count of how many houses are on market in WIllow Glen is a bit higher than most realtors would like at 259. Healthy number is 225 for WG.

The rose garden realtors tour is in its infancy right now with about 12 realtors touring all the new Rose Garden listings every first and third Wednesday morning. The week of Oct. 15, our first house was A STUNNING home at 915 Chapman St. 6077 sq. ft. house with Four bedrooms and 3.5 baths tennis court, pool and huge game room. Priced at $2,850,000 this house really has it all! I know I could live there and be happy!

Check out this amazing bonus room being used as an artists room. This picture does not do it justice!

From my lender sources, the real estate buyout started on October 1, 2008. The basic translation of bailout is you renegotiate your mortgage with your lender to reflect the current market value of the home. Seems similar to a short sale where your REALTOR negotiates with the bank for a lower SALES price. The difference is with a bailout, you do not have to sell the property.

I have had a few clients contact me about how to get started with a bail out. As with the recent changes in jumbo loan amounts, changes take about 6 months for the banks to get systems in place and get the training needed to provide the service to clients. From what I have heard, Countrywide seems to be the only bank right now, Oct, 11, 2008, that can do a bailout/buyout program for their clients. It is yet unclear to me how it will affect one’s credit.

Please let me know if you have more information about how it will affect one’s credit, if there are other banks that are offering this amazing opportunity to their clients.

Today was the first tour for the Rose Garden area of Willow Glen (especially close to my heart as I got married at the Rose Garden). Here we are at Zanato’s at Naglee and Bascom.

The tour consisted of 9 homes and was organized and led by Nora Sandoval with the well respected Sereno Group. For the first tour, I was impressed with the fact that close to 20 agents attended. We were all seasoned agents and were really looking to bring value to our clients through knowing the newest properties on market.