A.D. CANTELMO REALTY/TONY CANTELMO
BROKER
TONY CANTELMO

Why are Home Sellers very difficult to find

 

 

I have talked about the psychology of the home seller in the past and why it is still difficult for people to accept the market price of their home today vs. the price they could have received a few years ago. But with the large investors coming in to buy up all the foreclosed homes, the market seemed to be on an upward swing. I warned that this upward trend would not be able to sustain a long term trend due to many factors.  

 

First the large investors are gone, they have bought up most of the distressed properties and they have gone back to their ivory towers.

 

Second, loans are still very difficult to find. I was reading an article in the LA Times that said the average credit score for borrowers is 740. The Banks at this point due to many factors are not willing to take much risk. Federal rules are a big factor for that, but also the Federal Reserve discount rate is so low that banks do not find it a necessity to loan money to make money. As Bloomberg News Reported “American Banks Stockpile Treasuries”. The banks are buying U.S. Debt, not loaning money. These banks have so much money they need to put it somewhere. Do these policies make any sense?

 

Third, potential buyers still are unsettled about the economy and even if they could get a loan they are not willing to take on more debt. They are willing to continue to rent or stay in a smaller home then make the next step. All this adds up to a slower housing market in the near future. The interest rates are so low, you should be seeing a frenzy of people wanting to buy, and it is just not there. Instead of reading the statistics, I always tell people, if you want to know how the Real Estate Market is doing, Drive around your neighborhood on the weekends, do you see any Open House Signs? Remember All Real Estate is Local.

Tenant/ Property Service
 
Marketing Property
We market your property on all the major Real Estate websites, including Zillow, Trulia, Realtor.com, and the Multiple Listing Service

Showing your Property
We make sure your Property is shown to all Qualified, interested parties. We never allow Unchaperoned shwings

Screening Tenants
We have a detailed tenant screening process. We run Credit, Criminal and Eviction checks. we check rental history, and use our more then 10 years of Property Management experience to place the Best Tenant possible in your Property

Open 7 Days a week

Contact Tony
714-313-7413
If you have hours that do not coincide with normal business hours, No Problem.


 

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What my clients are saying  

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

"10 out of 10 I am so Happy Since I left my old company and I joined AD Cantelmo Property Co I am stress free I live in a different state and this company watches my house and always Mr Tony Cantelmo is on top of things I really want to thank you for what you do for me and I would really Recomend this Company to any and every one Thank You again. Shawn" ------------------- "I need to trust the people I work with and I trust Tony. He stays on tops of things, communicates well, and gets things done. He not only gets things done but he gets things done the right way. Jim"

 

~ Shawn

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