bank owned: 365 Tips for First Time Home Buyers - in Stockton, CA (San Joaquin Central Valley): # 18 - 04/22/12 12:47 PM
365 Tips for First Time Home Buyers - in Stockton, CA (San Joaquin Central Valley): # 18
Let’s talk…. Types of listings (and the market)
As with anything else, there are so many variations of listings, houses, yards, neighborhoods. Is it gated community or not, do you want to live in a gated community? How far is the school from the property? Is this a new home or how did the previous owners take care of the property? Is there a street light right in front of the property? Are the bushes too tall for the view from the living room? … (1 comments)
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bank owned: Pull and Re-pull credit report.... Really? - 05/13/11 09:35 AM
Yes buyers, your credit can get shot just like that! I have had buyers that get so excited that they are pre-approved that they have to celebrate. Don't get me wrong celebrating is all good, but you have to know when it is good to do it.
So let me tell you when it is not good to celebrate:
Celebrating too soon! This means that you finally decided that renting is not for you and you take that first step to getting pre-approved to see what you are worth in the home buying market. That part goes pretty good for you, … (2 comments)
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bank owned: I heard its better to work with the listing agent... to get a deal! - 05/03/11 11:08 AM
The big question for investors is "I heard its better to work with the listing agent"? so they can get the best deal. I have had so many calls from investors that are only interested in dealing with me because I am the listing agent for a property they want to see or maybe interested in buying.
They all say they only want to deal with me. As the conversation goes on and I am doing my customer service spill about the property and setting up an appointment to meet my "potential client" at the property --- they always slip into the … (2 comments)
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bank owned: Do you "Feel" Scared to buy? - 03/19/11 06:37 PM
Homeownership matters...
Do you care about homeownership? Do you need a property that you will be owner occupied?Do you fit the category of investor?Do you care about tax deductions?Do you care about appreciation?Do you care about a good investment?Do you care or believe in the American Dream?Do you need FHA, VA or other financing?Do you have cash on hand for the full purchase of your dream home? Do you have a significant down payment - I'm talking about at least 20% of the sales priceDo you know about 203K Financing? Do you know about buying a "not so ready to move … (0 comments)
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bank owned: Its all about BUY, HOLD and don't FOLD! or is it how low can you go? - 01/13/11 09:22 AM
So I read that even Zillow is admitting the housing prices are going down! Now you remember the days when you go to the homeowner and do your listing presentation (after you have completed a CMA (compariable market analysis) and the homeowner doubts your evaluation of their property value because they said you were too low? Well, we had Zillow to than for "zestimate" being much higher than the CMA that you did!
Now to read that even Zillow admits that the housing values are going down... that is hair riser to me. If Zillow is coming out and stating that … (0 comments)
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bank owned: so when do we shake hands? ... whatever happened to that - 01/05/11 03:43 AM
Negotiating or in contract. Are you still negotiating or are you in contract? When do we shake hands? Or do we?....
This is a very important difference to know when you are in the process of purchasing a property. Just because you have just submitted an offer does not mean that you have a deal. It does not mean that the seller is going to take your offer - just because you have submitted a CASH offer.
For example, coming in too low at the beginning may turn off the seller so much they may refuse to deal with you altogether. … (2 comments)
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bank owned: What if ~ there were no.... What would you celebrate?? - 01/02/11 01:49 AM
This really made me think -- what if .... we didn't have New Years? What would we do and what we do about the opportunity to start over and make resolutions? Who thought up "New Year"? When it start? What was the celebration and resolutions like way back when this was all new?
Its kinda like asking when Christmas first started to be so well known and big (commerical) what did everyone do. Did you just buy 1 present for everyone or did you just get together and celebrate with a big meal, lots of laughs and hugs. I mean did … (2 comments)
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bank owned: MAYBE... if you get the right one ~ it will work out for you! - 01/01/11 11:37 PM
If you are in the market to purchase or sell a property. Take your time and chose an agent that know about what they are doing. I mean if you have mortgage problems and want to find out what your options are... pick the right agent to tell you what the options are or where to go to find out about your options.
If you are ready to purchase a property (regular purchase, short sale, foreclosure) get an agent that knows how the process works. Knowing the pre-foreclosure process is a great attribute for an agent in this market condition to have. Its a must!
Most … (0 comments)
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bank owned: We are thankful for being special real estate agents! - 12/29/10 10:23 PM
We are thankful for being special real estate agents!
Every agent has things that they can't do well, maybe its buyers or maybe its listing. It could even be that an agent is not a people's person ~ and if this is the case ~ man are you in trouble! It's a lot easier to be mad about the things you can't do than to just give thanks for the things you are blessed to be able to do. A good confident agent does not spend time worry about what another agent is doing or not doing! Think about it for … (5 comments)
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bank owned: Is it smart to WAIT for the Bottom? or it takes..... hindsight to see the bottom!!! - 12/03/10 03:56 PM
Waiting for the bottom - but why?? If you are waiting for interest rates to hit bottom, you'll never move until rates start to rise. The bottom of any market can only be seen in hindsight. Buy a home because it's cheaper than renting, you are financially prepared for homeownership, and the move fits your lifestyle plans.
So if you need hindsight to see the bottom --- you won't know it was really the bottom until it is over! So if you are thinking about purchasing a home >>>>>> do it now! This is the bottom!
Call the Mother and Daughter Realty … (1 comments)
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bank owned: Let's put these together ... to getta sold! (hint: spiff & worth) - 11/14/10 09:33 PM
My next concerns after I see that you have made your home clutter free.. is that you:
Spiff up the property - make any improvements that will improve the show of your home. When possible, stick with the simpler (and less expensive) options to be sure the buying price covers your investment. Determine the worth - Know the fair market value of your home. Your agent can help you assess the cost. You may consider getting an appraisal, but in this market it is smarter to wait until the buyer's lender orders the appraisal. * since most homes for sale these … (1 comments)
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bank owned: Phantom Inventory or a clogged system or both? - 01/25/10 01:54 AM
Is the system clogged? YES! Other than "bad loans" --- What can we blame it on? Blame it on the.... Voluntary moratorium of foreclosures: While banks were taking a "time out" or "quiet time" to work on meeting the requirements of the Making Homes Affordable program and/or by state rules requiring mediation before banks could start the foreclosure process.... meanwhile back at the ranch -- more defaults, more short sale signs were going up and eventually more foreclosures(bank owned properties/REOs) -- to add to the pile.
Using the largest of the banks that is highly involved in the Making Homes Affordable -The … (1 comments)
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bank owned: 129 N. Mylnar Avenue, Manteca, CA 95336 - 01/17/10 10:21 PM
… (4 comments)
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bank owned: a little about Weston Ranch - subdivision of Stockton, CA - in the rebuild stage - 01/03/10 06:17 PM
Weston Ranch is a subdivision located in the southwestern corner of Stockton, California and extends south through an unincorporated portion of San Joaquin County. This community is close to 20 years old and now has one of the highest foreclosure rates in the U.S for a community. Weston Ranch is a migration of individuals from the Bay Area. Many of these individuals continue to commute back to the Bay Area for work. Along with the City of Stockton being labled as the Ground Zero of foreclosures.
This rating is holding study now with over 584 homes in the Weston Ranch community … (3 comments)
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bank owned: Buyers: Wondering just how many pre-approvals you will need before getting an offer accepted? - 11/17/09 09:19 PM
So how many pre-approvals does one buyer really need?
One of the frustrations that agents and buyers experience is that while searching listings, you run into properties that require that the buyer get an additional pre-approval from that seller's preferred lender.
Now this does not sound like a big deal if you only had to do that with one other lender, HOWEVER.... This is not the case! With the market condition (one of the highest hit foreclosurethe way it is - in the San Joaquin Central Valley and in the Alameda/Contra Costa counties of Northern California it is a lot of … (2 comments)
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bank owned: Illusion/Mirage/Common Sense or Just Talk? - 10/20/09 06:47 AM
Here is some of the buz talk that is still going on and probably will be around for a long while. What do you think? Illusion, Mirage, Common Sense or Just Talk?
Add to the list. ....
Rosemary Brooks, Short Sale / REO Specialist - the Mother and Daughter Realtly Team
… (0 comments)
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bank owned: Summer Danger: Parents is there a pool next door in that foreclosed home? - 07/08/09 10:06 PM
Although this is not a new problem, it is a real problem that still needs to be given the highest attention. Its summer, children are out of school and they love to swim.
So maybe you do not have a swimming pool in your yard but what about the property that is either on the other side of the fence or right down the street, where the gate is not locked or the fence is not too high to climb.
The property is vacant, the pool is full or yuky dirty water, with polluted water and possible it is a mosquito … (22 comments)
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bank owned: Is it hard to spot a bank owned property in Stockton, CA? - 06/22/09 09:22 AM
I am not trying to be funny with this question! You see an empty house, it has a sign in the window with the agent's name, sometimes there is a real estate sign -- sometimes not. Here in Stockton, CA and most of the larger cities in Northern California - there are so many vacant or distressed homes (about every 2/3 houses on a given block in some cases). But no where do you see that it is a bank owned property. So you have to ask.
Question: Is it hard to spot a bank owned property - if yes, why?
Answer: … (1 comments)
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bank owned: 4541 Da Vinci Drive, Stockton CA 95207 - 06/21/09 10:58 AM
Check out our website and find tips for BUYERS and SELLERS - Find some valuable information on ( Short Sales, Bank Owned Properties, Latest Loan Modification programs - including Foreclosure Alternatives Program to help prevent Foreclosure). I work with my daughter (D'Adrea Davie) as the Mother and Daughter Real Estate Realty Team at Family Realty Group and we have the latest information for the Loan Modification program & FAS (Foreclosure Alternatives Program).
Our aggressive marketing plan includes on-line listing advertising.
Mother and Daughter Realty Team Website Mother and Daughter Blog
↑ Grab this Headline Animator
If you are thinking of … (0 comments)
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bank owned: The impact of Waiting/Procrastinating.... or Keep your eyes on the Target? .... Sales Prices vs Interest Rates - 06/10/09 10:41 PM
The market is not balanced right now, but there are a couple of things to keep in mind if you are a buyer that is waiting on yet more of a price decrease. While you may see a small drop in prices for a little longer, keep your eye on the interest rates too. Just looking at the last week of May 2009 - the interest rate increased from .50% to 1.00% as fixed-income investors demanded more for their money. This result is in just one week!
What is the old saying? You either pay it this way or you pay … (1 comments)
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