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stanislaus county short sales: 6 Commandments to making an offer on my Stanislaus County Short Sale Listing - 05/22/12 02:48 PM
6 Commandments to making an offer on my Stanislaus County Short Sale Listing
If you want to make an offer on one of my Stanislaus County Short Sales there are a few things you should know. It's really pretty easy to make on offer on one of my Stanislaus County Short Sales. All it takes is a little common sense and the ability to follow directions. On all of my listings your agent will find a document with a few helpful hints for submitting your offer. If you want to make an offer remember:
Please do not ask … (7 comments)
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stanislaus county short sales: Really?? Are you *%#&@! Kidding Me??!! - 05/16/12 04:21 PM
Really?? Are you *%#&@! Kidding Me??!!
Every once in a while someone will write something into an offer that makes me stop and say "Really? Are you #%#&@! kidding me?" Yesterday was one of those days. I received an offer on one of my Stanislaus County Short Sales. The thing in the offer that made me say those words was that the buyer wanted to take possession of the property a minimum of five days prior to the close of escrow. The buyer wants to move in before we close escrow!!
Some of you may be asking "what's the big deal … (63 comments)
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stanislaus county short sales: March 2012 Stanislaus County Home Sales Stats - 05/11/12 02:52 PM
March 2012 Stanislaus County Home Sales Stats
The sales numbers are in for Stanislaus County Home Sales for the month of March 2012. Sales of single family homes are down slightly this year and Distressed properties (Bank owned and Short Sales) are still dominating the market. The amount of homes for sale has also gone done.
Here are the April 2011 and March 2012 Sales Stats for single family homes:
Total Sales April 2012: 583 sold * 35% (206) Bank Owned * 25% (150) Short Sales 60% of sales were distressed properties
Total Sales April 2011: 602 sold … (5 comments)
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stanislaus county short sales: Have you heard about the shadow inventory of .... Short Sales!! PART 2 - 04/20/12 04:14 PM
Have you heard about the shadow inventory of .... Short Sales!! PART 2
In yesterdays post I talked about where short sales have been and where they are now. I wrote about how we have been hearing about the SHADOW INVENTORY of bank owned homes now for a few years. It's my opinion that we have a SHADOW INVENTORY of potential short sales.
Based on the number of short sales completed in January 2012 it looks like we are going to start to see a lot more short sales this year. Another trend we are seeing is the number … (3 comments)
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stanislaus county short sales: Have you heard about the shadow inventory of .... SHORT SALES!! PART 1 - 04/19/12 03:50 PM
Have you heard about the shadow inventory of .... SHORT SALES!! PART 1
For probably 3 years now I have been hearing about the "shadow inventory" of bank owned homes. According to this theory big banks were holding on to foreclosed homes and not listing them for sale. This has always not made much sense to me. Why would the banks do that? Aren't they in business to make money? How does a bank make money by holding onto foreclosed properties? And basic supply and demand theories would tell you that if the banks were to put all this "shadow inventory" … (1 comments)
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stanislaus county short sales: Stanislaus County Short Sales - 5 Reasons Why You Should Sell Your Home Now! - 04/17/12 06:30 PM
Stanislaus County Short Sales - 5 Reasons Why You Should Sell Your Home Now!
If you are still following the national news media and think that this is not a good time to sell your home here are 5 good reasons why you list your home NOW. Whether you are a traditional seller with equity in your home or a Stanislaus County Short Sale seller now is the time to list your home.
1. The inventory of available homes is low. This is a good thing for you if you list your home now because you will have less … (2 comments)
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stanislaus county short sales: You Got it - We Want It. Your Stanislaus County Home ! - 04/12/12 07:52 PM
You Got it - We Want It. Your Stanislaus County Home !
If you have been thinking about selling your Stanislaus County Home now might be the time! The current inventory of available homes is lower than it has been in quite some time. Multiple offers on homes are now the norm. Homes selling for more than asking price is not unusual.
This is happening at pretty much all levels of the Stanislaus County market. It doesn't matter if the home is a traditional sale, Stanislaus County Short Sale, or bank owned home. If your home is … (8 comments)
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stanislaus county short sales: Bank of America Mortgage to Lease Program -Will it work for you? - 04/10/12 04:36 PM
Bank of America Mortgage to Lease Program -Will it work for you?
You may have heard about a new program from Bank of America which allows you to lease back your home instead of having BofA foreclose. Maybe you thought that my might want to apply for this program. Well here's the problem with that - YOU CAN'T.
First off this test program is only in 3 states, New York, Arizona and Nevada. Secondly Bank of America is going to select only 1000 home owners for this program. There is no way that you can apply for this … (2 comments)
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stanislaus county short sales: Play Ball! Part Two ! - 04/07/12 06:44 PM
Play Ball! Part Two !
While I do keep pretty busy Listing and selling Stanislaus County Short Sales I do need to take some time off now and then. And this time of year I have a really good reason to take some time off. Last night (April 6,2012) was opening day for the Oakland Athletics. Ok, they did already play two games in Tokyo Japan, but who's counting those games? I have been to lots and lots of Oakland A's games but this was the first time I was at an opening day game.
Before the game started … (4 comments)
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stanislaus county short sales: Stanislaus County Short Sales - March 2012 Stanislaus County Sales Stats - 04/02/12 11:40 AM
Stanislaus County Short Sales - March 2012 Stanislaus County Sales Stats
The sales numbers are in for Stanislaus County Home Sales for the month of March 2012. Sales of single family homes are down slightly this year and Distressed properties (Bank owned and Short Sales) are still dominating the market.
Here are the March 2011 and March 2012 Sales Stats for single family homes:
Total Sales March 2012: 515 sold * 41% (212) Bank Owned * 29% (150) Short Sales 70% of sales were distressed properties
Total Sales March 2011: 637 sold * 54% (347) … (2 comments)
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stanislaus county short sales: But Jim, My home is worth much more than that! A TRUE Story! - 03/28/12 04:23 PM
But Jim, My home is worth much more than that! A TRUE Story!
When I meet with people to list their homes they usually have some idea of what their home is worth. Sometimes they are pretty close and other times they are way off. I think it is very important to list your home at the RIGHT price from the START. I have a very good example of why I think this is so important.
Way back in the old days of Stanislaus County Real Estate, back in early 2008 I had a listing appointment with a … (5 comments)
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stanislaus county short sales: Behind the scenes at ActiveRain with your Stanislaus County Short Sale Agent - 03/27/12 05:04 PM
Behind the scenes at ActiveRain with your Stanislaus County Short Sale Agent
ActiveRain is described as a "community" of Real Estate professionals. This community includes Realtors, Lenders, Stagers, Appraisers, Home Inspectors and many others. Currently there are 222,442 members in this community. I have found this community to be a great place to learn, to share ideas, and to get the word out to the world about what I am and what I do.
ActiveRain is a blogging platform for all of us Real Estate professionals. We share ideas, opinions, funny stories, sad stories, what our part of the world … (9 comments)
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stanislaus county short sales: Stanislaus County Home Owners - Best time to sell in years! - 03/27/12 03:41 PM
Stanislaus County Home Owners - Best time to sell in years!
If you are thinking about selling your Stanislaus County home, either as a short sale or traditional sale, now may be the best time in years to do so. The Stanislaus County Real Estate market is making a big shift. In most parts of the county and elsewhere we are experiencing a Sellers Market.
What is a Sellers Market? My definition of a Sellers Market is one in which the seller has the advantage. There are more buyers looking than there are available homes. Many homes are … (0 comments)
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stanislaus county short sales: Stanislaus County Home Owners - Got Equity? - 03/23/12 08:46 AM
Stanislaus County Home Owners - Got Equity?
Just in case you haven't heard yet, and most haven't, it's no longer a "Buyers Market" here in Stanislaus County. While the vast majority of home sales the last several months have been Bank Owned Homes and Short Sales now may be a good time to think about selling your home.
If you are thinking that maybe you want to move up to a larger or newer home now may be a great time. If you are thinking about downsizing now may be a great time to sell. If you are not underwater … (5 comments)
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stanislaus county short sales: Stanislaus County Short Sales - Is it a BUYERS Market? Probably NOT!! - 03/20/12 04:31 PM
Stanislaus County Short Sales - Is it a BUYERS Market? Probably NOT!!
I think there are a lot of people that get their real estate news from the national nightly news programs. If you are to believe what you hear there you would think that every real estate market in the country is terrible. You would think that as a buyer you could pretty much offer what ever you want and walk away with a steal. I don't think that is the reality, especially here in Stanislaus County and Merced County.
As I have written before, all real estate is local. … (0 comments)
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stanislaus county short sales: Do People Really Fall For This!? Still!? - 03/14/12 04:33 PM
Do People Really Fall For This!? Still!?
Earlier today I received an email that claimed to be from Bank of America. This is not unusual because I have some Stanislaus County Short Sales currently working with Bank of America. This particular email looked a little bit off though. It didn't quite look like all the other emails I get from them. It did have the BofA logo and looked official. But then something caught my eye. Every other email I had gotten from BofA the email address is spelled out BankofAmerica and there is only on "i" in America, this address … (12 comments)
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stanislaus county short sales: Stanislaus County Short Sales - February 2012 Stanislaus County Sales Stats - 03/08/12 06:25 PM
Stanislaus County Short Sales - February 2012 Stanislaus County Sales Stats
The sales numbers are in for Stanislaus County Sales for the month of February 2012. Sales of single family homes are down slightly this year and Distressed properties (Bank owned and Short Sales) are still dominating the market.
Here are the February 2011 and February 2012 Sales Stats for single family homes:
Total Sales February 2012: 491 sold * 41% (200) Bank Owned * 30% (148) Short Sales 71% of sales were distressed properties
Total Sales February 2011: 530 sold * 53% (281) … (1 comments)
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stanislaus county short sales: Stanislaus County Short Sellers - Be Careful When Looking for a Rental On Craigslist!!! SCAM ALERT!! - 03/06/12 06:36 PM
Stanislaus County Short Sellers - Be Careful When Looking for a Rental On Craigslist!!! SCAM ALERT!!
Most people that sell their homes in a Stanislaus County Short Sale have to look for a home to rent for a while. A place many people turn to to find a home to rent is Craigslist. Craigslist has lots and lots of home rentals listed. Most of the listings have pictures and lots of information about the homes, making it easy to find a rental. BE VERY CAREFUL !!!
Just this week I started getting calls from people wanting to know … (4 comments)
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stanislaus county short sales: Stanislaus County Short Sales - Why the Big Government Settlement is Probably Not Going To Help You Anytime Soon! - 02/23/12 07:20 PM
Stanislaus County Short Sales - Why the Big Government Settlement is Probably Not Going To Help You Anytime Soon!
You have probably heard that there has been a settlement between the U.S. Government and the 5 big banks accused of "Robo-Signing". On February 9th of this year the settlement was announced. The five banks are Bank of America, Wells Fargo, Chase, Citi and Ally. If your mortgage is with one of these banks you MAY be affected.
The settlement is worth $25,000,000,000 (that's BILLION). This applies to 49 of the 50 states because Oklahoma worked out their … (4 comments)
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stanislaus county short sales: Stanislaus County Short Sales - The Clock is Ticking!! - 02/17/12 06:22 PM
Stanislaus County Short Sales - The Clock is Ticking!!
Back in the old time Stanislaus County Short Sale Days, way back in 2006 things were a bit different. Doing a Stanislaus County Short Sale back in those dark days could possibly leave you with a big tax bill. Back then if you did a successful short sale, which were much rarer then, the amount of forgiven debt could actually be considered "income". Huh? Really?
Let me explain. Let's say you owed $150,000 on your Stanislaus County home but it was only worth $100,000. When you sell it in a Stanislaus … (9 comments)
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Jim Patton - Realtor , CDPE, SFR Stanislaus County Short Sale Specialist
Turlock,
CA
More about me…
Century 21 M&M - Central California Short Sale Specialist
Address: Turlock, Ceres, Denair, Hughson, Delhi, Modesto, Hilmar, Livingston, Salida, Merced, Atwater, Keyes, Patterson, Oakdale, Turlock, Ceres, Denair, Hughson, Delhi, Modesto, Hilmar, Livingston, Salida, Merced, Atwater, Keyes, Patterson, Oakdale
Office Phone: (209) 633-2839
Cell Phone: (209) 404-0816
Email Me
Current information on Central California Real Estate. I specialize in Short Sales in Stanislaus, Merced and San Joaquin counties.
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