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INSPIRATION FOR TODAY: 12/29/2008

by The Zwemmer Group
"If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them."

~ Henry David Thoreau

BUILD YOUR OWN!

"Follow the yellow brick road," sang Dorothy and her unusual entourage in The Wizard of Oz, as they marched toward the Emerald City. The road was clear and their direction set. What they didn't know was that the good witch and the joyful munchkins had sent them down a road leading to a wanna-be fake wizard behind a curtain.

Have you ever had friends or family direct you to take a "yellow brick road" of their imagining? If you blindly followed their advice, you may have ended up in your own Emerald City of disappointment. The truth is that you have the power to create and follow a yellow brick road of your own, one that leads to the realization of your dreams.

The hard part is that YOU must also lay the paving stones of that road. You must first decide on a destination, and then be certain that each brick faces in that direction. Along the way, you may be distracted by winged monkeys or a wicked witch of your own making. If you succumb to those distractions, you may look back to find that your paving stones are uneven and lead in the wrong direction.

Only by having your destination clearly in mind will you arrive unscathed by life's many dead-ends and hairpin twists and turns. You must also be committed to the work involved - choosing only the right bricks, having the patience and perseverance to lay them straight, and the strength to avoid life's temptations as you work.

In the words of Thoreau - "If you have built castles in the air . . . "

Monday Morning Palm Springs Real Estate Market Update 12/29/2008

by Rob Zwemmer

 

Monday, December 29, 2008
by Rob Zwemmer

Good Monday morning

Palm Springs area is a Winter wonderland this morning with the surrounding mountains still coverd in snow.The number of  bank owned Homes and short sale properties will continue to dominate the Real Estate market  here in the Desert in 2009. Typically, banks will price homes that they have forclosed on extremely lower in order to remove these properties from their books
quickly.  Short sales are homes for sale that the owner owes more money on than can be realized from a sale.  In a short sale the bank agrees to take less for the home than is owed.

These home can also be excellent opportunities for a buyer to purchase a home below market value. With mortgage interest rates now at a 50 year low, it makes good sense to start thinking about a home purchase whether it is for a new personal residence or for Real Estate investment.

If you would like to receive information on Bank Owned Homes for Sale ! properties or short sale properties, please contact me.  I put together a weekly list of these properties that I e-mail to interested buyers. I would be more than happy to add you to my list.!

To get instant e-mail alerts when a new property hits the market here visit:
http://www.FindMyDesertHome.com

If you are considering the sale of your home you can receive an e-mail analysis that will give you a good indication of your homes current market value at http://www.desertmarketreport.com.

Palm Springs Area Mortgage Market update!

I sincerely hope you have been enjoying our Mortgage Market Weekly Update and I want to wish you and your family a very happy Holiday season. This past year has been unlike any other. As we get ready to enter 2009, I am sending in this issue a special "gift of insight" surrounding some current and upcoming events in the financial markets.

The crisis in the financial markets seems to be the top story on every news channel. But many  of the reporters and so-called pundits don't understand what really happened...and what may happen next. I'm pleased to share with you a short video and article that were created to put
an end to the confusion once and for all! In these easy-to-understand resources, Barry Habib, Founder of the Mortgage Market Guide and Chairman of the Board for Mortgage Success Source, explains in layman's terms exactly what caused the current financial crisis - and what to be watching for in the near future.

Please take a moment to access these resources here...the few minutes you spend will open your eyes to what very few "experts" truly understand.
And as your trusted advisor, I'm committed to doing whatever I can to help you understand what the current economic situation means for you going forward in 2009. Give me a call if you want to discuss strategies for strengthening your financial future in the weeks and months ahead.

Remembering that when Bond pricing moves higher, home loan rates move lower...you can see in the chart below how home loan rates have reached historically low levels. I'm always glad to hear from you, and invite you to take a few minutes to contact me to discuss the current rate environment and how it might benefit you.

 


1 Canadian Dollar = 0.82021  U.S. dollars (Today)
1 Canadian Dollar = 0.82699 U.S. dollars  (Last Week)

E-mail me with any questions you might have

Have a Healthy and Happy New Year!
Rob Zwemmer

 

 

 

INSPIRATION FOR TODAY: 12/22/2008

by The Zwemmer Group
"Too many of us are hung up on what we don't have, can't have, or won't ever have. We spend too much energy being down, when we could use that same energy - if not less of it - doing, or at least trying to do, some of the things we really want to do."

~ Terry McMillan (Cited in The Best of BITS & PIECES)

SPREAD THE TABLE!

Here we are in the midst of the holiday rush - buying gifts, attending parties, decorating, sending cards, and preparing for the feast of the season. We're doing all this for whom?

We tell ourselves it's for the ones we love. We want to make them happy, fill them with joy, and make their world bright. We want to make everything perfect for them at this special time of year.

In a way, that's like preparing the holiday feast for those who matter most to us, then eating it for them and commenting on how tasty it was. Truth is - we can't "make them" do anything, we can only spread the table before them.

Whether they choose to consume the feast, or be happy doing it, is their choice - not ours. We can give the presents, offer our own good holiday spirit, or bake the cookies, but we cannot "make" anything happen.

Epictetus once said, "Happiness and freedom begin with a clear understanding of one principle: Some things are within our control, and some things are not. If you think that you have free rein over things that are naturally beyond your control, or if you attempt to adopt the affairs of others as your own, your pursuits will be thwarted and you will become a frustrated, anxious, and fault-finding person."

Why not take a little of the pressure off yourself this holiday season? Feel free to give whatever gifts, energy, creativity, or love you have to offer, but let go of the desire to control the outcome. The gifts that will make the most difference are those that arise from the heart with no expectation of reward.

My wish for you is the joy and freedom that results from giving. Happy holidays and best wishes to you and yours!

Monday Morning Palm Springs Real Estate Market Update 12/22/2008

by Rob Zwemmer

Good Monday morning


The hustle and the bustle of the holidays here in the desert is in full force and just so we didn't forget the time of year, we received a magnificent snowfall on our surrounding mountains.  As we enter the final weeks of 2008, we acknowledge that these are times to be spent with loved ones and enjoy the holiday spirit. It is also the time to reflect on the year past and the new year that is upon us. Let's make it a really great 2009


To get instant e-mail alerts when a new property hits the market here visit:
http://www.FindMyDesertHome.com

If you are considering the sale of your home you can receive an e-mail analysis that will give you a good indication of your homes current market value at http://www.desertmarketreport.com.

 Palm Springs Area Mortgage Market update!


It’s been an exciting week in the bond market.  The Fed announced its new target rate to be 0-0.25% and slashed the rate from 1% to 0.50%  This cut to rates affects what banks lend banks overnight and any instrument tied the prime interest rate like home equity lines of credit and credit.  This is a new historic low for the fed funds rates.


Mortgage rates are now on a 50 YEAR low and it is a great time to think about buying.  If you or someone you know can save several hundred dollars a month and it didn’t cost anything 
 
Make it a happy holiday and an awesome New Year!  I look forward to working with you in 2009!


Canadian Lending Program


· 30% DOWN PAYMENT
· FULL DOCUMENTATION
· NO PREPAYMENT PENALTY
· NO CREDIT REPORT
· 5 YEAR FIXED AT 6.5%
· 25 YEAR AMORTIZATION
· MINIMUM LOAN SIZE $200,000
· 2ND HOME FINANCING ONLY


Remember FHA Guidelines are changing as of January 1, 2009 to a minimum down payment of 3.50%.NATIONAL OVERNIGHT AVERAGES  TODAY +/- LAST WEEK

NATIONAL OVERNIGHT AVERAGES   TODAY +/- LAST WEEK
30 yr fixed mtg 5.29% 5.57%
15 yr fixed mtg 5.22% 5.26%
5/1 ARM 5.86% 5.89%
30 yr fixed jumbo mtg 6.93% 7.07%
5/1 jumbo ARM 5.95% 5.98%

 


E-mail me with any questions you might have

1 Canadian Dollar = 0.82699  U.S. dollars (Today)
1 Canadian Dollar = 0.79544  U.S. dollars  (Last Week)

 

A Merry Christmas Everyone

Rob Zwemmer

Palm Springs Real Estate Market Supply of Inventor "DOM" Days On Market

http://www.desertmarketreport.com

 

Palm Springs Real Estate Market Supply & Demand

by The Zwemmer Group

Palm Springs Real Estate Market Supply & Demand

 

 

Palm Springs Medium Home Prices

by The Zwemmer Group

 Palm Springs Medium Home Prices

 

Palm Springs Monday Morning Coffee 12/08/2008

by The Zwemmer Group

INSPIRATION FOR TODAY:

"The tragedy of life is not so much what men suffer,
but rather what they miss."

~ Thomas Carlyle

TAKE A SIESTA!

When setting goals and planning our future, we sometimes fail to look far enough ahead. Consider the following story:

An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellow fin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them.

The Mexican replied, "Only a little while." The American then asked, "Why didn't you stay out longer and catch more fish?" The Mexican said, "With this I have more than enough to support my family's needs." The American then asked, "But what do you do with the rest of your time?"

The fisherman said, "I sleep late, fish a little, play with my children, take siesta with my wife, then stroll into the village each evening where I sip wine and play guitar with my amigos. I have a full and busy life."

The banker scoffed, "I'm a Harvard MBA and could help you. You should spend more time fishing; and with the proceeds, buy a bigger boat. With the proceeds from the bigger boat you could buy several boats. Eventually you would have a fleet of fishing boats. You would eventually open your own cannery and control the product, processing and distribution. You could leave this small coastal fishing village and move to Mexico City, then Los Angeles, and eventually New York where you will run your ever-expanding enterprise."

The fisherman asked, "But, how long will this all take?" To which the American replied, "15 to 20 years." "But what then?" asked the fisherman. The banker laughed and said, "That's the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich. You would make millions."

"Millions? And then what?" The American said, "Then you would retire. Move to a small coastal village where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos." (!!!)

So . . . what are you working for? The IPO or the good life? Stop working toward "someday," and appreciate your success on this day. Take time to enjoy the siesta!

(1) While there may be fewer buyers out there, people that are looking for a

home during the holidays here in the desert are serious buyers and ready to buy.

(2) There are fewer homes for buyers to look at during the holidays, which

mean there is less competition for you as a seller. Less competition =

more money

(3) After the holidays, the supply of listings increases substantially here in the desert, which lowers the demand for your home. More competition = less money

(4) Your home shows better when decorated for the holidays.

(5) Many buyers have more time to look for property during the holidays.

Typically more time off from work. Partners can look together.

(6) For those sellers concerned about showing during holidays, we will restrict

the showings on your home to the times you want it shown. You will

remain in control.

(7) You can sell now for more money and not have to physically move until

January or February as opposed to getting the process started later. Lost

in other listings, it could take longer to sell.

(8) buyers think there is less competition from other buyers during the

holidays.

(9) buyers who are relocating to the Palm Springs Area are still out there. Companies not concerned about

holiday time and if they have kids they want to get them into school after

the holidays.

(10)Virtual tour will look better this time of the year.

Palm Springs Monday Morning Coffee

by The Zwemmer Group

INSPIRATION FOR TODAY:

"The manner in which it is given is worth more than the gift."

~Pierre Corneille (1606-1684)

JOIN THE VOLUNTEER BRIGADE!

Back in the '70s, CB radios became popular, especially among the nation's truckers. You could tune in Channel 19 and listen to a constant chatter among truckers and others with radios. If you were traveling on an interstate highway, you could get info on traffic, weather, wreck scenes to avoid, radar traps, and other useful tidbits. It was like there was a whole other world of activity going on around you IF you had a CB radio. Those who didn't were oblivious to the activity - yet it was still there.

The same is true of the volunteer brigade - those who offer their time and talents to worthy causes without reward. In any given community, there is a work force that operates 24/7 without any expectation of reward. If you're not one of them, you are probably oblivious to their daily actions to serve the community - but they are out there working whether or not you know it.

There are many ways to make a life-altering contribution to others as a volunteer. Most are not as glamorous as saving a life, yet all contribute to the many unmet needs of community members. Each of us has talents that can be put to use for those in need. A little self-examination will help identify your potential contribution. With all the blessings we enjoy in this country, each of us should make an effort to reach out to others. Why not join the volunteer brigade today?

 

Displaying blog entries 1-10 of 10

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