Foust Team Real Estate Blog

All cash buyers appear to have a great advantage in this market.  Yes the Sellers seem to prefer all cash, thinking that it will go easily, but they can be very wrong.  All cash buyers in many instances are bidding on more than one property at a time.  We have seen many all cash buyers drop out v...

FOUST Team Listing Will Be Featured in LA Times   Just a quick heads up that one of our listings in the city of Whittier, CA will soon be featured in an upcoming article on real estate in the area. The listing is this 3 bedroom 2 bath 1800 square foot home in the popular Morningside community. Th...

 At the bottom end of the price scale it is very hot.  Both condos and single family homes in Fullerton and other North Orange County cities are literally "jumping " off the market and into escrow.  Multiple offers are very common place now, and it may just get worse with very few new bank owned ...

As of today the entire city of Fullerton has only 25 REO (bank owned) homes listed for sale.  That is a record drop, from recent historic high levels.  Bargain hunters have been picking up these REO homes aggressively in the last two months.  Supply of these bargains is most likely to continue to...

Today we have only 16 REO homes in La Habra for sale -- that is way down from recent historic high levels.  Buyers are gobbling up these bargains in record numbers and at record rates.  It is very common now to have multiple offers on REO property and the banks are closing the deals.  Fixers and ...

Are we at the bottom, where all of the buyers want to buy?  This is not an easy question.  Do we mean at the bottom of prices, at the bottom of sales, at the bottom of interest rates, or at the bottom of available property?  I track available listing inventory in Fullerton Ca to use a an indicato...

As a California real estate professional, my clients have been asking me quite a few questions about the new law that will take effect on May 21, 2009 involving extending foreclosure periods by 90 days. Instead of explaining all of the legal mumbo-jumbo (and believe me there is a lot of it); let...

Why not?  Don't we need to know the status of those that we are about to spend our limited time with?  I certainly feel that a buyer needs to at least pass a simplified test.  That test to me is the pre-qualification with a lender test.  Is that really to much to ask?  Isn't it prudent for them t...

You Want To Do What? - The Importance of Listening To And Evaluating Your Client's Plans  by Bob Foust, Fullerton real estate agent   The real estate business truly is amazing.  No matter how long you've been involved in it, the same simple truths seem to present themselves year to year, and by d...

Fullerton home search and in fact, most other home searches on Realtor web sites all seem to look alike, but they can be very different.  Internet users are expecting instant and accurate answers to each and every query.  But many of the sites are not direct links to the (MLS) multiple listing se...