425 Ridgecrest Circle Livermore CA

Look at this gorgeous single level home in Livermore. These are hard to find!

Whose That Bad Apple?

Bad Apples

There is nothing worse than a seller who closes sale on a property and then leaves the place looking sloppy.  They don't bother to clean the sinks, sweep the floors, or empty the trash properly.  Give me a break!  Why is it that some people have no self-respect or care for other people?  Where was the listing agent when we needed her to step up??  She was in Hawaii not doing her job properly.  Going on vacation is great, but if you high-tail it out of town without someone minding your business for you while you are gone,  you too are the BAD APPLE.  

This Isn’t Oz!

 

Be kind to your  Livermore neighbors and don't have your home become a beacon!  This home does not bring you the kind of attention that you normally like.  This sure isn't Oz, and I don't see a yellow brick road leading up to the front.   Matter of fact, this kind of paint job  can actually bring down property value if you are in eyesight of it.  There is not much you can do if you are living nearby, unless you have some kind of influence with the culprit.  Maybe you can offer to repaint the house in a neutral color.  If you are trying to sell your own home next door, the money you spend  to help your neighbor repaint will probably be worth it in the long run.

There is a saying in real estate that I often quote for my sellers who are considering home improvements. I tell them that " Paint in the can is $40, but paint on the wall is worth a $1,000! " Well, … and now we know that this is only true if you know how to pick the right color.  If you are unsure, ask someone who knows a little something about paint and color or else,  you are risking being unkind to your neighbors and attracting the attention you don’t want.   Ask a local expert like me, and I will make sure you don't end up becoming the next neighborhood beacon.    Paint on the wall can and should be worth much more than what's in the can.   I help homeowners everyday by answering their questions about how they might increase the value of their home.  If I don't know the answer,  chances are,  I can refer you to someone who does.  I'm never too busy to hear from any of my Livermore neighbors.

 

Expect the Unexpected =’s Short Sale

 

It’s inevitable that a client will ask "Can I get a good deal on a short sale?" My answer to that questions is always,  " You MIGHT, but what you should really expect is the unexpected."

The key to keeping a happy client in Livermore these days is to set the proper expectation. I ALWAYS meet with any potential client in my office prior to taking them out on the road to look at homes because BUYER EDUCATION is a must.

If I was meeting with a new buyer today I would tell them that of the 252 homes currently on the market  in Livermore, 63 are short sales and 45 are bank owned properties. Quality homes are fairly slim so patience is the key character needed to be successful.

A short sale is the next best deal after bank owned homes BUT timeframes drag out , terms of sale change, and unknown lender influences regarding the short sale will effect decision making by the banks. None of it will make sense to anyone but the asset managers.

Statistics show that you will get your best deal on the bank owned property and you can close fast. Banks don’t make repairs so you need to inspect, inspect, inspect! Understand early what you are getting yourself into with these homes.

There are no guarantees, only opportunities. With the right expectation in tow, you’ll be on the road to landing a home in Livermore. Use an expert in the area and understand unexpected things are commonplace in this market.

What to Expect in South Livermore?

For those of us living in South Livermore, we already know what more and more people are beginning to find out. Some of the most beautiful neighborhoods available in the Bay Area today can be seen nestled among the hills and vineyards.  

Tucked between wineries, historical sites, quiet biking and walking trails are some truly amazing sites to see.  An early morning walk down Arroyo and Wetmore Roads will fill your ears with nature sounds, and your eyes with the beauty of Sycamore Park.  As you stroll along these areas you may have an occasional visit from one of the local wild animals.   They don't have a history of bothering  humans too much so it's best to continue on and enjoy your walk.

As you explore Livermore, each of the area neighborhoods' charm can be gleamed from it's own unique entrance statue.  As you pass through these neighborhoods you will see why others are talking about our town.  This uniquely gorgeous area is now being matched by the thriving heart of its downtown.  After a very deliberate and extensive effort to revitalize the downtown into the cultural center is have become, we now have a town and infrastructure that matches it's surrounding beauty. 

 

HOW MANY HOMES ARE DISTRESSED IN LIVERMORE?

The number of distressed sellers on the market changes day to day.   For a weekly update on the numbers you can a click on the following link below.  Roughly 60% of our homes on the market are "regular sales" and are not in distress.

For that quickest, easiest,  hassle-free home purchase, seek out regular sales.   Call me to get set up on automatic notifications or check out my website and view for free on your own.

Distressed Livermore Sales

BEWARE OF THE PAINT CHIPS!

The dreaded paint chip!  Are you kidding me??? 

I have run across this new obscure FHA requirement twice in the last month here in Livermore while representing buyers. 

The Federal Housing Administration, better known as FHA, has asked it's appraisers to crack-down on older homes that have any amount of paint chips on them. Any home being purchased using government financing has to be free of any chipping paint. What?!  If old, chipped paint is found to exist,   you cannot purchase the home until these areas are sanded, primed and painted. The worst  part of it all is that they don't tell what areas of the home are the cause for concern. You are left guessing what areas need fixing and hope that when they come back to check that you have covered all the areas that they flagged. This is government intervention at its finest. To top it off, the government appointed  appraiser gets to charge you another $150 to come back and check to make sure the dreaded chips are gone.  BEWARE OF THE PAINT CHIPS!

In this ever-changing world of Livermore real estate, I stay on top of these things so you can breathe easy.  Contact me to start your Livermore area home search today.  Paint chip or no paint chip!

Should I Offer Less Than List Price?

 "Should I be offering list price on homes that come on the market?"   Great question!!   My client asked me this and another question today.   If you are a frustrated Livermore area buyer read on for the answer.

" What a buyer offers should always depend on the situation.  If a home is on the market awhile you can offer lower.  If it is new to the market, you need to offer nearer or at list price.  Any new home that is priced right will attract attention in this market and may receive multiple offers. Just this week I have had clients competing against multiple offers.  For homes that are new to the market it is not wise to being offering lower than list price in most situations.  If you offer a seller what they want for a reasonably priced home, the faster you get the offer in, the best shot you have at getting a home without having to compete. When you make an offer for less than full price you leave valuable time open for others to come in while the seller gives you a counter offer.   Most buyers who are frustrated at having their homebuyer experience take too long are guilty of offering too low for homes unless they are just not writing offers."

You mentioned waiting to get financing in order.  I would recommend doing it now.  From application to desk top underwriting approval, which is what you want, takes about 1 week.  If you find the home you love and can't get a pre-approval letter in time,  you are going to miss out on the home and be disappointed.  My job is make sure that does not happen.    This is the first step to the home buying process and should really be done before  physically shopping for a home.  The actual approval letter and your preferred budget, will help me to help you narrow down your search.

 

Investing in Livermore Real Estate

Whether investing in stocks, bonds, or real estate,  you need to learn about what you are buying.   Even before that,  you need to set some realistic goals about what it is you are trying to accomplish.   Zig Ziggler once wrote " If you aim at nothing you can hit it with amazing accuracy! "  Are you looking for cash flow or equity build-up?  Who are you going to trust to help you figure these questions out?  Start with a local expert.  

How do you know know when you've found an expert?   Start by asking them how many houses they have sold in the area over the last year.   Then you might ask how long they have been selling real estate in general.  If you are not satisfied with the answers you get, then find someone who has the level of knowledge you want.  

Where should you buy?  Location, location, location.  Your expert will help you find the location that will bring the best value for the money.  One of the most important reasons to use a local expert is because you make money in Livermore real estate WHEN YOU BUY,  not when you sell.   If you buy in at a discount, you are golden. 

A newbie investor will be farther along moving toward  successful investing in Livermore homes when they begin to understand the difference between speculating and investing.    Go to the library, pick out a few real estate investment books, read them, and then surround yourself with folks that can help you start your  Livermore investing journey.  

Hello Livermore Real Estate Blog World!

The freedom of expression is just that,  the incredible ability to talk, write, comment about a limitless number of ideas, events, industries and more.  There is no limit to the imagination or one's opinion.   Thanks goodness because I definitely have an opinion about anything Livermore!!

So here you will find me, and my opinions as they relate to my hometown, Livermore, California.   I happen to love this place and have spent the last 42 years of my life here.   I know enough to know that I don't know everything about Livermore and all the economic factors, whether micro or macro, that drive this beautiful city, but I talk to enough folks around here to have some very good insight.  Join me, if you will, as I blog about all things Livermore, including my passion, Livermore real estate.  The best way to describe Livermore and the current real estate market in Livermore is "Rural Meets Modern High-Tech".    This gorgeous city has a uniqueness not often matched anywhere else in the country.  As you learn more about Livermore, the people, and our beautiful real estate, I think you will agree with me.

 

1 21 22 23