In any marketplace, price is determined by supply and demand. With the rise in  property foreclosures, there is an increase in real estate availability. Greater supply means a reduced cost. With so many people being challenged financially in today’s economy, the lower the cost of anything, including real estate, the more attractive it is.

The increasing affordability of property means more people can now buy. With every purchase, supply is lessened. A decrease in the supply will help gradually drive the real estate prices back up.

All of this is a positive for our hindered economy. If, however you want to take advantage of where the market is now, you need to act. It is impossible to determine exactly how long of a window we have, but experts state, time is limited.

Below is a link to a Forbes article providing more details on the this topic.

Can More Foreclosures and Falling Home Prices Actually Be a Good Thing?

Still want more information? Call Source Capital at 858.705.6144. The loan and investment specialists can answer your questions and help you where traditional banks can’t. If you have a topic you would like me to blog about, send me a tweet or direct message on Twitter @sourcecapital. -Sindi Somers

Source Capital has a literal open door policy. If you want to learn more about Source Capital as a company or have loan or investment questions, feel free to call, email or stop by the office. Business hours are Monday through Friday from 9:00 am to 5:00 pm.

Source Capital is located in Rancho Bernardo in North San Diego County. They are licensed to handle loans and investments throughout California and Arizona. Call 858.705.6144 or email via their convenient online form.

Source Capital’s latest press release at the link below, gives a great overview of the company.

Learn more about Source Capital… Check out our latest press release!

If there is something you would like me to blog about, feel free to send me a tweet or direct message @source capital on Twitter. -Sindi Somers

Sometimes when we try something and it doesn’t go as planned, we can feel like we failed. If we don’t get the expected or preferred response or we feel rejected, we may want to give up. Just like a baby learning to walk that falls down many times before succeeding, we too must have the determination to pick ourselves up. Each time we do this, it makes us stronger and it becomes easier to move forward.

I wanted to share this experience from a satisfied client that after months of searching, found Source Capital. They were able to get their loan funded and complete their goal. Their persistence definitely paid off! What if they had given up along the way?

 

Don’t give up! Whether you want to purchase a home or commercial property or need a little help finishing your construction project call the experts at Source Capital at 858.705.6144. If you like us, LIKE us on Facebook! You can also follow us on Twitter @SourceCapital. -Sindi Somers

In addition to writing blogs, I write jokes and perform as a stand-up comedian. Recently a fellow comedian advertised that he was looking for people to perform in a show he was producing. He was aiming for an audience of 300 people. That’s a lot for us local up and comers. I wasn’t sure if my schedule would allow me to do the show. I waited two days to respond. Two days too late!

In my email to the producer, I wrote, “I know you snooze, you lose and I might be too late in responding…” And guess what?! I was! The show ended up having an attentive audience of 220 people! Guess I missed the boat on that one. Aaahhh lessons in life.

The world is full of opportunities. How we respond to them when they cross our path determines our future. Right now, our challenged economy has created an ideal time to purchase property. However, if you snooze, you may lose! According to the Reuters article at the link below, U.S. home sales are at the highest they have been in one and a half years! That is great news for America’s economic health and for those wanting to sell their homes. Since prices are always determined by supply and demand, as the supply decreases, prices are sure to rise.

Why wait?! You snooze you lose. Sleep is great, but wouldn’t you rather win?!

If you are ready to buy or invest money to help someone else buy or you simply want to learn more about your options, contact the professionals at Source Capital. Call 858.705.6144 or click this link to fill out our convenient online form. -Sindi Somers

Introducing… Pat Hook! Pat is one of the founders of Source Capital, which began in 2006.

Originally from Minneapolis, Minnesota, Pat has been a resident of San Diego for the past six years. Before moving to San Diego, Pat had an adventurous career, which included working in Europe. After receiving his Finance Degree from Arizona State University in 1995, Pat worked for two large management consulting firms, Andersen Consulting and later Accenture. After gaining invaluable experience, his desire to live abroad led to his next consulting position. It was based in Prague, Czech Republic, which is where he met his wife, Pavla.

Focusing mainly on the legal and financial aspects, Pat serves as an underwriter for Source Capital. However, Pat is quick to stress, “We are a team.” Pat, Sacha and Administrative Assistant, Morgan Cahill-Marsland work closely together to support their clients. This creates a strong group of committed individuals with the common goal of achieving business stability and customer satisfaction every single day.

Interacting with people, is Pat’s favorite part of his job. He enjoys helping others and developing relationships with those involved with escrow, borrowers and investors. Pat is excited about learning and staying knowledgeable about the market. Stating enthusiastically, “Looking at interesting opportunities. Putting together the pieces of the puzzle to figure out what will work. Hearing people’s ideas and bouncing the ideas back and forth. Answering the question, ‘Can we put together a loan that makes sense?” Pat reminds us that this is a business and in order to stay in business, investors and Source Capital have to make money, “but what I like best is the art of the deal.”

In the coming years, Pat would like to see the company continue “to grow at a reasonable rate.” Explaining that Source Capital manages everything efficiently as things are. The saying, “if it’s not broke, don’t fix it” comes to mind as he explains this. In keeping with maintaining the obvious strength Source Capital has, Pat would like to build the brand. He wants people to know what Source Capital is about. Integrity is a big part of that. Being in an industry with a known history of unscrupulous activities stemming from greed, Pat is aware that some may be hesitant to seek out a private lender. Source Capital has taken “the greed aspect out.” Not only is their clients’ well being important to them, but the Source Capital team lives up to a high standard of ethics. Meticulously abiding by all laws and licensing requirements and consistently treating clients and associates with respect.

Pat is active in the community as a Court Appointed Special Advocate volunteer for children in need for Voices of Children in San Diego. He is a licensed real estate broker in California and a board member of the California Association of Mortgage Professionals. Source Capital also has a Mortgage Banker’s License in Arizona and Pat serves as the Responsible Individual associated to this aspect of their business.

Pat lives in North County San Diego with wife Pavla, son, Patrick and daughter Isabella. He enjoys staying active, running, volunteering and mostly spending time with his family, which includes a shared love of traveling.

If you want to learn more about Source Capital and the loan and investment opportunities available to you, call Pat at 858.705.6144. -Sindi Somers