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Contact Information
Sunil Sethi
Realtor, Mortgage Broker, MBA, CPA (inactive)
(510) 793-8600 Main
(510) 388-2436
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Prep Your Child for STAR Testing
25% of the actual questions from
this year's STAR testing are
available online here:
actual test questions. These
test results are used to derive the
API scores that everyone uses to
rate the quality of instruction at a
school.
If you want to see your child's
school's API score increase, and
correspondingly the value of your
home, than print out these questions
and review them with your child.
Forward this message to your
neighbors and friends as well.
The 2007 API scores will be
published in August.
Real Estate Update
The headlines for the
last year have been talking
about the declining or flat
housing market. The market did
slow down in volume sales last
year, but prices remained flat.
We didn't see any cliff dive in
pricing as the fence sitters
were hoping for. And whereas
last year buyer’s had inventory
to choose from, this years
buyer’s have little selection in
the desirable communities like
Fremont, Pleasanton, San Carlos,
Walnut Creek, Danville, and
Cupertino.
And though the buyers came
back after the New Year,
that's about when the
seller’s disappeared. My
guess is that the sellers
who want to trade-up, are
waiting to sell their homes
when it becomes easier to
buy (more inventory).
Sellers will come-out
eventually. Mean while,
selling agents’ are once
again telling buyers when to
submit their offers.
Investment Opportunity
Though the market is
hot where schools are great,
I am seeing excess inventory
caused by foreclosures, and
investors bailing out in out
lying areas like Modesto,
Redding, Riverside, Tracy,
and Stockton. Demand in
these areas also fell off
with the increase of
gasoline prices. The impact
is a supply-demand imbalance
resulting in forced price
declines. If you are
interested in buying
investment property in
California, this may be the
year you will find cash-flow
positive opportunities with
20% down. Have your
home equity lines ready to
take advantage of this
future opportunity. An area
I particularly like is the
Temecula-Murietta area in
Riverside County.
Time to Refinance that ARM
Mortgage rates hit an eleven
month low on Dec. 1, 2006
when the 10-Treasury hit a
low yield of 4.425%. It’s
moved up after that but is
once again approaching a
relative low with 10 year
Treasury yielding 4.497% on
March 7. If you want to
convert your ARM to a fixed
rate then, now would be a
good time. Call me to
discuss options.
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