Category Archives for Investors

This Isn’t a Sidewalk on North Livermore Ave.

 

No,…. this isn’t a Livermore sidewalk.  It’s a preview photo of the duplex located at 520 N. Livermore Ave. in Livermore.  The duplex might be a good investment for an investor with a large tool-belt.

 

What you really see here is a very old “TAR AND GRAVEL” roof which  can cause you a headache when searching for homeowner’s insurance.  It can also lead to leaks in your home which will ruin your property and could lead to mold problems.  

 

You don’t need to run when you find a roof like this, but do consider putting a pitched roof on top to protect your investment.  Don’t know how to do that?  What’s that cost?  Call me,  I’m happy to give you  a referral to a reputable contractor.

 

ps.  Oh, and yes, ….yours truly will even get on a roof to make sure you are buying a good investment.  

 

Cell: 925-580-9829

Email: Homes@NatalieSwanson.com

Natalie Swanson


Free Tour of Foreclosures in Livermore, Saturday Feb 25.

Come join me at my Livermore Bank Owned Property Tour on Saturday, February 25.  First time homebuyers are welcome. You DO NOT need to be an investor to join us, although, investors are welcome. You will be met at my office briefly and then head out to see numerous bank owned properties available. Come personally to see some of the opportunities available in real estate. This a low-key event and you will be driving your own vehicle.  Each participant will receive a special bonus incentive for attending. I will have financing information available. Come with your questions and curiosity.

Where: Prudential CA Realty 1790 First Street, Livermore

When: Saturday, February 25, 2012  10 AM – 12 PM

Contact me for more details:  925-580-9829 or Homes@NatalieSwanson.com

Your Livermore Market Summary

Average price per square foot for Livermore CA was $222, a decrease of 5.5% compared to the same period last year. The median sales price for homes in Livermore CA for Nov 11 to Jan 12 was $340,000 based on 276 home sales. Compared to the same period one year ago, the median home sales price decreased 9.8%, or $37,000, and the number of home sales decreased 14.3%. There are currently 248 resale and new homes in Livermore on Trulia, including 2 open houses, as well as 431 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Livermore CA was $501,990 for the week ending Feb 08, which represents an increase of 2.6%, or $12,913, compared to the prior week.

Livermore Market Summary

For more information, contact me at 925-580-9829 or Homes@NatalieSwanson.com

Just Listed – 11 Trinity Circle, Livermore $265,000

 

I've just listed 11 Trinity Circle for $265,000.

There are no Homeowners Association fees on comfortable duet tucked away in a quiet neighborhood of detached homes.  It's freshly painted on the interior and has new carpet throughout.  The bright Living room includes a brick fireplace.  The inside laundry area has overhead cabinets.  Second bedroom upstairs includes walk-in closet. The garage is converted to 3rd bedroom with permit. Good sized backyard with covered patio. No rear neighbors.

Open House on Saturday 2/18 3:00-5:00 PM and Sunday 2/19 1:00-4:00 PM

Click here to view the virtual tour.

For More Information Contact Me: 925-580-9829 or Homes@NatalieSwanson.com

Natalie Swanson, REALTOR, CDPE   Prudential California Realty  DRE #01709115

 

 

 

Your Livermore Market Statistics

Your Livemore Market Statistics for January 2012

Total Active Residential Listings:  138

Average List Price:  $459,044

Average Sales Price:  $453,824

Sales Price to List Price Ratio:  98.86%

Average Market Time:  35 Days

Number of Sales YTD:  77

Number of Expired Listings:  8

Number of Months of Inventory:  1.6

Prime Interest Rate: 3.25%

 

For more information, contact me at 925-580-9829 or Homes@NatalieSwanson.com

 

Should Appraisers Use Distressed Properties as Comparables?

Clients often ask me if appraisers use distressed sales (short sales and foreclosures) as comparables when doing an appraisal on non-distressed properties.  Last month, the Appraisal Institute issued a paper on the subject, and in it,  explained the following:

“Foreclosures and short sales can provide important information for appraisers, who develop valuations based on market data and market forces.”  This is especially true when the number of traditional sales is limited.

“An appraiser should not ignore foreclosure sales and short sales if consideration of such sales is necessary to develop a credible value opinion.”

And they explained the possible differences between short sales and foreclosures:

“A short sale … might have involved atypical seller motivations and so might not be an ideal comp…”

A sale of a bank-owned property might have involved typical motivations, so the fact that it was a foreclosed property would not render it ineligible as a comp.”

The bottom line is that some will argue that distressed properties should not be used when appraising non-distressed properties. However, there is no longer any doubt that they will be. 

If you are interested in purchasing a home or need information about your own Upcoming sale, I'm here to answer your questions.

Contact me for more information: 925-580-9829 or Homes@NatalieSwanson.com

FOR THE GOOD OF LIVERMORE

I just helped my good friend Guillermo, or "Memo" as he says to call him, purchase a home on Nadine Street here in Livermore.  The home may not look so hot from the photo but just wait till he is done with it!  It will be a gorgeous, turn-key property, likely to sell very quickly.  

This was a Government foreclosure, or HUD sale for short.  What this meant for us was that this was NOT and easy purchase.  The government likes to change things up a little and rewrite the entire agreement in a format that is foreign to agents.  With some patience and due diligence, you can eventually purchase these government properties and either live in them or fix them up.

Drop by and visit Memo as he repairs this property and turns it into a place lots of people would love to call home.  It really is for the good of Livermore.  The address is 254 Nadine Street.   Call me for details and if you know someone who might be interested.  This could be the home for them! 

Natalie Swanson

925-580-9829

Homes@natalieswnanson.com

Your Pleasanton Market Summary

Average price per square foot for Pleasanton CA was $302, a decrease of 78.6% compared to the same period last year. The median sales price for homes in Pleasanton CA for Oct 11 to Dec 11 was $581,000 based on 244 home sales. Compared to the same period one year ago, the median home sales price decreased 17%, or $118,672, and the number of home sales decreased 9.3%. There are currently 160 resale and new homes in Pleasanton on Trulia, including 13 open houses, as well as 179 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Pleasanton CA was $854,152 for the week ending Jan 25, which represents a decrease of 1.2%, or $10,247, compared to the prior week.

Pleasanton Market Summary

Contact me for more information – 925-580-9829 or Homes@NatalieSwanson.com

Your Pleasanton Market Update

Market View for Pleasanton

Average price per square foot for Pleasanton CA was $300, a decrease of 78.7% compared to the same period last year. The median sales price for homes in Pleasanton CA for Oct 11 to Dec 11 was $595,000 based on 211 home sales. Compared to the same period one year ago, the median home sales price decreased 15%, or $104,672, and the number of home sales decreased 21.6%. There are currently 161 resale and new homes in Pleasanton on Trulia, including 4 open houses, as well as 181 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Pleasanton CA was $845,795 for the week ending Jan 11, which represents a decrease of 0.9%, or $7,650, compared to the prior week.

Click the link above titled Market View for Pleasanton for more information.

Contact Me for more information:

925-580-9829

Homes@NatalieSwanson.com

Livermore Art Show ~ January 21, 2012

Prudential California Realty presents:

The Paintings of Marco Rosales Show

Please Join Us for an Artist's Reception.  Enjoy a glass of wine, some hors d'oeuvres and an opportunity to meet the artist.

For more information please call me at 925-580-9829 or email me at Homes@NatalieSwanson.com