Burritt’s broker’s open house was packed; I will be back tomorrow night for the Twilight Open - hope to see you.

Loan docs have arrived on Cordova – I just don’t understand these lenders… we wait and wait and then all of a sudden they are ready to go

Another showing on El Caminito

And if I am fortunate I can keep today’s hair appointment (which I had previously canceled twice). If you have seen me lately, you know I really need the cut. Natalie and I are loving our new buyer’s agent, Lisa and maybe, just maybe Natalie won’t have to come in the office today. Of course, she will need to return phone calls and emails, but we are hoping she can stay home and finish washing the rest of the baby clothes.

Our local real estate market in Los Angeles’s finest suburbs is heated for homes under $950,000.  Financing is readily available (for well qualified borrowers) at the new jumbo conforming rates of $729,750.  When a buyer purchases a home for $910,000 and puts down 20%, their loan amount is $728,000 and qualifies for the Freddie and Fannie jumbo conforming.  But for those buying over the sales price of $912,000 with just the 20% down, jumbo financing is much more expensive and there are fewer sources.   Of course seller seconds could be an option. And financing is available for those with down payments of less than 20%.

Well priced homes in good condition, in nice neighborhoods, continue to sell quickly, often in multiple offers and sometimes over asking price. My buyers and I recently missed out on a multiple offer situation on Stratford Dr. in La Canada which was listed for $1,095,000 and just sold for $1,500,000 – wow!

Perhaps in the next week, I will have time to download and share some of the photos from my vacation.