Sunil Sethi - Newsletter - What Happended to the Market

Sunil Sethi - Newsletter - What Happened to the Market

Sunil Sethi's Newsletter
July 2, 2007

www.sunilsethi.com

IN THIS ISSUE:

Real Estate Statistics

30 Year Fixed Conforming at 6.375%

Just Bought a Property In Winchester

Next Bay Area MBA Event - August 2

Manage Your Online Passwords

QUICK LINKS:

Featured Listings

Check Property Taxes Paid

Recognition Contest

If you like Gum you may remember these ladies from Television. Call me if you know there TV persona name or real names.

* Recent winners ineligible to play for 3 months.

Last Month's Answer and Winner

Last month someone mistook me for Vinod Khosla, at TIE-CON 2007,

Last month's winners:

David Buciak, San Francisco, CA

Steve Childs, Sacramento, CA

Sunil Sethi
Realtor, Mortgage Broker, MBA, CPA

(510) 793-8600 Main

sunil@sunilsethi.com

www.sunilsethi.com

Taking You Forward

100% of my business is from referrals. So if you like my service and know of others that would appreciate receiving this newsletter, please forward it to them as an introduction to me. I look forward to helping you on your next Real Estate or Mortgage transaction.

Best Regards,

Sunil Sethi

Real Estate Statistics
The Contrarian will always win the game. Today is the best time to buy, since it's easy to negotiate a great deal and the selection of homes to choose from is the best its ever been. I bought my home in 2001, when the economy was falling apart because of the internet fall out and companies were going bankrupt each week, resulting in massive layoffs. I got a great deal. Oh and the rate on a 30Yr fixed mortgage was 8% back than. That said, buy quality. Don't buy for buying sake.

Check out the latest real estate stats at Apple Appraisal. top

CRA 30 Year Fixed Conforming
Refinance at 6.375%

Rates have risen about 0.25% since my last newsletter. If you have a loan between $300,000 to $417,000, and are located in a minority census tract you may be eligible for a special CRA program that is offering a 30 year fixed at 6.375% with no closing costs. You must be able to document your income. Interest only is not allowed. APR 6.755%. Amounts less than $300,000 will have a slightly higher rate. Give me a call and I'll check your address to see if you qualify. Almost all of Union City qualifies, and many parts of Fremont are eligible. top

I Just Bought an Investment Property for a Client in Winchester

I just picked up a 4 bedroom, 2 bath property in the city of Winchester for $360,000. Winchester, CA is 1hr north of San Diego, off Hwy 15. This property is 3 years old, single story, on a 8000 sqft lot. It'll rent for about $1650. This is fantastic property, and appraised for $390,000. If you have money for a downpayment of 20-40% and are ready to get your first investment property let me know. I have an agent in Temecula, who's sourcing these deals, she's also my sister and my property manager. It doesn't get any easier than this to buy your 1st investment property. top

Meet Fellow MBAs interested in Networking

BayAreaMBA.com organizes socials to help you network with fellow MBAs. These functions normally get attendance of about 300-450. I've found these events a great way to meet old friends and make new connections. The next social will be on August 2 (Regsiter Here). Hope to see you there. top

Manage your passwords

I read an article on password management, and started using Roboform to manage my identities and passwords. It's a much better way to manage your various online personas, and it generates strong passwords. Did you know if someone broke into your bnak account, you'd have SOL. Make sure your financial accounts and the email where your reset passowords go to have strong passwords. top