Carrying on the 3 decade legacy of our family owned and operated Private Money Lending Company.
Call Us now at 707-523-2099 with any questions or scenarios or visit https://www.sunpacificmortgage.com/ for more info. We will quickly let you know how we can help!
Once again, the lack of inventory has been the biggest factor in the shaping of the real estate market for last month. Too many Buyers, not enough Sellers. Here are the single-family residences results for Sonoma, Marin, and Napa counties:
Sonoma County:
Marin County:
Napa County:
If you are hoping to snag your own new home in the North Bay or anywhere else in California, consider a privately funded loan from Sun Pacific Mortgage. With our specialty mortgages, you are armed with the “fast close” weapon, a real bonus in this present market. We offer refinances, Bridge loans, and purchase loans that can be closed often in a week. Call us at 707-523-2099 to find out what we can do for you.
Before the pandemic, only 21% of individuals worked from home, but as you have probably discovered, remote work has become the new normal. Studies have reported that over the next 5 years, 37.5% of workers will be working remotely in some capacity.
This change in work requirements means that you can be more flexible in where you live. If you are one of the nearly 23% fortunate employees who will remain 100% remote, you will be examining your new working place more critically. More space for your home office will be number one on your “wish list”. Add to the list moving to an area you always considered a “vacation spot”. Now is the time you can ditch the cord that attached you to the office and live in a more remote location with better weather or community amenities.
Rural and suburban areas have become the locales of choice for many urbanites since the exodus began last year. The pandemic caused a movement away from urban cores. Those with higher incomes could afford to move to larger homes with more space and lower-income individuals sought lower cost-of-living areas.
Larger California cities, such as San Francisco, Los Angeles, and San Diego have seen a significant increase in suburban real estate sales. Experts see this phenomenon most likely persisting for the rest of the year at least.
If you are considering moving to a different home, but have been unable to obtain a conventional mortgage, give Sun Pacific Mortgage a call at 707-523-2099. Our purchase loans offer fast private financing to get you a strong all-cash offer to get you into your dream home.
All real estate investing can be scary, but especially when talking about “hard money loans”. In reality, hard money loans are fairly common when it comes to real estate investing. By definition, hard money or privately funded loans, are just that: loans given by individuals instead of by a bank or traditional lending institution. Despite that simple explanation, there are still lots of myths about hard money loans. Let’s exam and dispel some of these here:
Sun Pacific Mortgage has been able to help thousands of borrowers and investors enhance their family wealth by being there when they were needed. We are the “Guys in the White Hats” who can rescue a real estate deal when it suddenly turns sour if Underwriting disapproves the loan; We are there for FAST financing needed for those quicker closes. Give us call (707-523-2099) to see what we can do for you.
Continuing our 33 year legacy, we are here if you need us. Call today: 707-523-2099 with questions or scenarios and we’ll let you know what we can do for you.
It is no surprise that single family homes continued to be snatched up as quickly as they hit the market in July. The data shows that available housing has continued to shrink even as the demand has escalated. Here are the results for July 2020:
Sonoma County
Marin County
Napa County
If you are looking for a fast close on your property purchase, consider a temporary mortgage through Sun Pacific Mortgage. We offer private lending opportunities that can be completed in a week, if needed! Give us a call at 707-523-2099 to see what we can do to help you during these frenetic paced real estate transactions.
We’ve got your back, continuing our 33-year legacy of helping rescue any loan that needs fast funding or doesn’t quite qualify at this time. We’ve got those FAST Private Money Loans!
See how we can help, as we did for these individuals below:
Call 707-523-2099 with questions or scenarios – we’ll quickly reply!
As we move into the second half of the year, one thing is clear: the current California real estate market is a “one off”. Both buyers and sellers are affected by the mix of conditions we are experiencing today. Here’s a look at four key components that are shaping this unique market:
Bottom line? Whether you are looking to buy your new home in Monterey County or move from busier urban life of San Francisco to Sebastopol, downsize your Santa Cruz home as your kids finally moved out – there’s no time like the present to buy or sell!
We have helped thousands of borrowers in our 33+ years in business. If you or any of your clients fall short of qualifying for a conventional loan or just want fast real estate financing, then Sun Pacific Mortgage can help with our private money lending. Give us a call at 707-523-2099 or check out our website at www.Sunpacmortgage.com to discover what we can do to make your next move easier and possible.
We want to help you and your Borrowers crush summer with our Private Money programs, just like we did for this referring Broker:
“You and your team are hands down the best out there and you never cease to amaze me. I truly feel blessed that I have you as my go to for Hard Money, as you have helped me save and earn the trust of so many great clients . Many many thanks for another successful closing Broker!” – Snr Broker Associate, T.C. G.
Call Us now at 707-523-2099 with your scenarios. We’ll quickly let you know how we can help you.
With home prices at record highs and properties, especially in California, flying off the market in just hours, it’s no wonder that the Google search for “when is the housing market going to crash” has spiked dramatically in recent weeks.
Although this present housing mania may remind us of the mid-2000 bubble, experts say there’s no reason to prepare for a crash-landing like in 2008 and 2009. This time the reason is simply a result of supply-and-demand. There are just not enough homes to satisfy all the prospective Buyers out there.
According to Ali Wolf, chief economist at building consultancy Zonda:
“Today’s prices feel unsustainable, today’s frenzy feels unsustainable. But that doesn’t mean there’s going to be a crash. That’s bad news for a lot of shoppers who are hoping for prices to come down.”
He continues with the prediction that over the next year or two, prices will continue to rise, but at a much slower pace. Bidding wars will taper off, and the astronomical offers over asking price will eventually come down, because there is no way the double-digit price growth can continue long term.
We are all aware that today there are far more Buyers than homes for sale. That is another sharp reversal from the late 2000s. Back then, overbuilding yielded far more properties than there were Buyers. Now there isn’t enough new construction to meet the demand.
Probably, the most important factor in the last collapse were the bad mortgages. Thankfully, these have largely disappeared from the market. Today’s Buyers may be paying top dollar, but they have been carefully vetted to ensure they can afford their mortgages.
If you want to get into a new home before prices escalate even more, how about presenting a stronger offer with faster close by taking advantage of a private home loan? Or, if you find you don’t quite qualify for the more rigorous conditions required in a conventional mortgage today, give Sun Pacific Mortgage a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com.
We have helped thousands of Buyers over the past 33 years with our private money real estate loans in California. We even offer owner-occupied home loans.
