Introducing...DEAL OF THE WEEK

Every Monday at the Sotheby’s office in Brentwood, all agents are invited to show up, armed with their idea of a great deal to uncover the HOTTEST deals in the land. We discuss the properties and vote to determine the DEAL OF THE WEEK.

The best deals are judged on the following criteria:

1. Price
2. Condition/age
3. Location (!)
4. The “X” Factor…something special like a big view, fabulous yard, privacy…etc.

The DEAL OF THE WEEK is the property we feel is a great opportunity with extreme value…and this week’s DEAL is…………

1840 Veteran #303 in Westwood
2 bed / 2 bath
2,045 square feet
$675,000
(pictured right)

Questions? I'd love the opportunity to find a deal that works for you!

Best regards,
Jillian

FOUR POINT FIVE..?!?!

30 year fixed rate = 4.5%
with 1 POINT
up to $625,000
45 day escrow

MUST BE QUALIFIED

Interested? Questions? I'm happy to help you or someone you know through the Holidays...and in the New Year!

Wishing you and your family the Happiest of Holidays!

Sincerely,
Jillian

More amazing rates for this Holiday week...

30 year fixed rate to $417,000 loan
5.25% with 1 point

15 year fixed rate to $417,000 loan
4.875% with 1 point

30 year fixed rate to $625,500
5.375% with 1 point

15 year fixed rate to $625,500
5.125% with 1 point

Happy Thanksgiving!

Jillian

WOW...check out these rates!

25% down
720 Fico Score
Loan amounts up to $750,000

3 year fixed rate / 5.00% with 1 point
5 year fixed rate / 5.40% with 1 point
7 year fixed rate / 5.60% with 1 point
10 year fixed rate / 5.90% with 1 point
30 year fixed rate / 6.40% with 1 point

Many thanks to John Ciolino at First Capital for really working these rates. If you have any questions about the loan preapproval process, or how you can take advantage of the opportunity today presents...please let me know!

Wishing you and your family a very Happy Thanksgiving.

Best regards,

Jillian

Central Banks Coordinate Global Cut in Interest Rates

Hoping to thaw the current credit freeze, the Federal Reserve, the European Central Bank, the Bank of England, and the central banks of Canada and Sweden reduced their primary lending rates by a half percentage point Wednesday. The Chinese central bank also reduced its key interest rate and lowered bank reserve requirements, while the Bank of Japan’s rates remained unchanged.

The purpose of the rate cut is to increase consumer confidence, which in turn should help stimulate the economy. When consumers and businesses have more confidence in the economy, they usually spend more money, which bolsters the economy by enabling retailers to increase sales and prevent future layoffs.

The Federal Reserve controls the interest rate that banks charge each other for short-term loans. Usually this leads to banks lowering the rates they charge consumers and businesses. The short-term loan-rate reduction, from 2 percent to 1.5 percent, should have an almost immediate effect on credit-card rates, according to financial analysts. Interest rates on automobile and business loans also should decline. Generally, the short-term loan-rate reduction also leads to a reduction in mortgage rates; however, it is too soon to predict if that will happen in this case given the way the market has reacted to recent economic news.

For full story from the New York times, please click on the above title.

Wishing you all the best for a wonderful weekend!

Jillian

Understanding two loan giants...Fannie Mae and Freddie Mac

Hello friends!

Click the title above to see this weeks article found in the LA Times regarding the recent Fannie Mae and Freddie Mac takeover.

This brief Q & A is informative and enlightening...I hope you enjoy!

Have a great rest of the week...best regards,

Jillian Visser
Sotheby's International Realty
c 310.500.8300
jillian.visser@sothebysrealty.com

CONDO BUYERS ARE IN THE DRIVER'S SEAT

According to the LA Times Sunday morning, August 10, potential condo buyers are in the driver's seat.

For full story, click on the title above. For questions...contact me!