Our Monthly Real Estate Weather Report

April Showers Bring May Flowers!

This saying couldn’t be more true for our month this May! In April we were showered with listings and sales. Our team made the market rain! This set us up for a full bloom in May. We were able to end the Spring selling season with a bouquet of happy clients.

Now we’re fired up for the HOT summer selling season. If you or someone you know is looking to buy or sell, contact the team that’s flaming with success!

Now, spring to it and check out all the beautiful homes we sold!

3879 Picard Avenue, Pleasanton – Sold for $2,029,500

With multiple offers way over list price, we went pending after 8 days on the market. We were able to get our sellers $34,500 over list price. Shortly after we listed the buyers’ previous home, and it’s already pending! Virtual Tour

 

1631 Sunnyvale Avenue, Walnut Creek – Sold for $770,000

We represented the buyers who purchased this beautiful one story home for their daughter’s first house. Our negotiation skills helped us get the home even with multiple other offers.

39460 Sundale Drive, Fremont – Sold for $1,010,000

This home sold for $51,000 over list price! We represented the sellers, who are now buying a stunning home from us in Pleasanton. Virtual Tour

 

 

565 Trebbiano Place, Pleasanton – Sold for $1,595,000

We represented both the sellers and the buyers of this beautiful home. Located in the prestigious golf community of Ruby Hill, it sold for $46,000 over list price. Virtual Tour

 

Bixler Road, Byron – Sold for $400,000

This was a vacant lot where we represented the sellers. It had gone off the market, but we kept persevering to find the perfect buyers, and we did!

4102 Pleasanton Avenue, Pleasanton – Sold for $1,420,000

This was a highly sought-after property where we beat out multiple offers due to our winning strategies. Our buyers are extremely happy to be in the heart of downtown Pleasanton!

28 Castlewood Drive, Pleasanton – Pending

Offered at $1,899,000 this is the first time in 50 years this home has been on the market! This piece of Pleasanton history named “Vistas Verdes”, or Green Views, was a delight for us to list. Our sellers received multiple offers way over list price! Virtual Tour

468 Trebbiano Place, Pleasanton – Pending

Offered at $1,579,000 this beautiful Ruby Hill home was only on the market for 8 days! Featuring over $240k in upgrades, remodeling the kitchen and upgrading the backyard. Our sellers received multiple offers way over list price! Virtual Tour

21 Verbena Court, San Ramon – Pending

Offered at $1,299,000 our sellers received multiple offers way over list price! The sellers of this home were the buyers for 3879 Picard Avenue. We love having happy clients where the home buying and selling process are a win. Virtual Tour

 

7476 Limerick Avenue, Dublin – Pending

Offered at $888,000 we are representing the buyers. They’re very excited as they will be first time home owners! We competed against other offers, but our strategies prevailed.

Even with more inventory coming on the market and price reductions in top tier homes, it remains a seller’s market.

Ready to sell? Great! Let’s get together and discuss a strategy for getting you top dollar for your home during this Summer Selling Season. Contact us

Ready to buy? Great! Let’s get together and discuss a strategy for competing and winning against other buyers in this competitive market. Contact us

Marketing and selling high-end Luxury Homes in the Tri Valley is what we do best, but on this real estate journey, it’s all about the people we meet on the way, connecting them to each other and the places they call HOME.

Gotta Have A Single Story? We Just Listed Two Beauties and They’re Both Open This Weekend!

2 New Beautiful Pleasanton CA Homes For Sale

Both Open Today, Friday 10am-1pm and Sat/Sun 1-4pm

3440 Gravina Pl in Ruby Hill Golf Community

Pleasanton Home For Sale

Just Beautiful! Located on a premium corner lot at prestigious, gated Ruby Hill golf course community with Jack Nicklaus designed course, this rarely available single story home has been beautifully updated throughout. Dramatic formal entry opens to Formal Living/Dining Room with soaring ceiling & fireplace. Updated Kitchen/Family Rm. boasts Carrera marble counters, Brazilian cherry hardwood flooring, SS appliances, built-in cabinetry, and French doors. Spacious MBR suite w/sitting area includes his/hers closets & newly updated Bath with travertine accents, soaking tub, & stall shower. 2 additional comfortably sized BRs-one with custom loft bed-share updated Hallway BA. Guest BR/Office. Large Laundry Rm w/storage. 3 car garage w/storage. Private, fenced Backyard with pergola & patio. Mature landscaping in front & rear. Resort style HOA amenities. Proximity to Historic Downtown, Livermore Valley Wine Country, Silicon Valley & San Francisco. Open Friday 10am-1pm, Sat/Sun 1-4pm.

Here is the Full Virtual Tour:

…AND 3637 Touriga Dr in Vintage Hills Neighborhood

New Home Listing in Pleasanton CA

Rarely available single story in popular Vintage Hills neighborhood! Situated on a large flat lot and nicely updated throughout including updated Kitchen with new stainless steel stove & dishwasher and new granite counters. Spacious Living/Dining Room with cherry hardwood floors, fireplace, and slider to Backyard. Large Master Bedroom Suite with newly updated Bath. 2 additional comfortably sized bedrooms share updated Hallway Bath. Inside laundry room with storage. New paint and carpet. Extra wide, gated side yard for RV/Boat parking and spacious Backyard with patio area and mature landscaping. No HOA fees. Walking distance to elementary school and Historic Downtown. Proximity to major commuter corridors, ACE train, and BART. Open House Friday 10am-1pm, Sat/Sun 1-4pm.

Here Is the Full Virtual Tour:

Contact Us for a private tour of these beauties, or any other Homes For Sale in the Tri Valley

Search ALL Current Tri Valley Homes For Sale

Pleasanton Agents

The quicker the sale the better!

3 Strategies for a Quick Home Sale

Sold Home For Sale Real Estate Sign and Beautiful New House.
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Most sellers have a specific goal when it comes to their transaction: a quick sale and top dollar. But sometimes fast action doesn’t align with achieving the highest and best value.

There are multiple schools of thought on this subject and the perspective varies not only with where you are in the country, but also by price point, neighborhood and even down to the block. When it comes to pricing and the search for a quick sale, it’s always best to get help from a local agent.

Here are some strategies you can use to get offers fast.

1. The Theory of Under-Pricing

Under-pricing means that you go to market with a list price that is just below what the comparable sales in your area support.

You can’t pinpoint the exact market value of a home until it sells. But before you list, there’s always a range. If you price your house at or below the bottom of the value range, you are under-pricing the home.

In many West Coast markets this strategy will work effectively. Take this San Francisco home, for example: priced at $1.1 million, it received 10 offers and sold for $1.425 million in less than a week.

Risk alert: If you price your home low, this plan could backfire — big time. If you don’t know your market and this strategy doesn’t work, you’d better be ready to accept that list price.

2. Staging and Market Presentation

Well-priced homes that also show well sell quickly. If you want a quick sale, you need to invest some serious time in getting the house ready.

Prepping the home means taking out large pieces of furniture and personal items, painting, replacing carpets, finishing floors and even doing some minor renovations.

Enlist the help of a home stager and take their advice, and you can be assured a quicker sale. The investment of time and money will pay itself back.

Risk alert: If you go overboard on staging or you don’t spend the time and money in the right places, it could be a waste. Don’t make staging decisions in a vacuum. Focus on kitchens and bathrooms, de-cluttering and cleaning. When in doubt, ask for help.

Read more…

Not a US citizen? Here’s what you need to know about buying a home…

Buying a Home When You’re Not a U.S. Citizen

comks82479Comstock Images(Royalty-free)   Couple consulting with a businesswoman in her office, both man and businesswoman are s
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Immigrants are having a significant impact on the U.S. housing market. According to the Research Institute for Housing America, immigrants accounted for nearly 40% of the net increase in U.S. homeowners from 2000 to 2010. Meanwhile, the same group estimates that U.S. homeownership rates among Latino immigrants will hit 50% by the year 2020.

Overall, the number of immigrant homeowners is still relatively small, representing only 11.2% of owner-occupied homes in 2014, according to the Joint Center for Housing Studies. Even so, that’s up from 6.8% 20 years earlier.

So immigrants are clearly buying homes. But what sort of obstacles and challenges do they face that native-born homebuyers do not?

There are no legal barriers to foreign nationals buying property, owning homes or obtaining loans in the U.S.

Foreign investors buy U.S. property and do business with U.S. banks all the time — getting a mortgage and buying a home is simply more of the same, on a smaller scale.

“Residency of any kind is not a requirement for home ownership in the U.S.,” said Jason Madiedo, president of Alterra Home Loans, in Las Vegas. “The challenge for the consumer is to gain financing.”

Documenting Foreign Financial Info Can Be a Challenge

For a legal immigrant with an established employment and credit history in this country, the process of buying a home is much the same as it is for a citizen. However, there are still certain challenges that non-citizens may face when seeking to buy a home in the U.S. that native-born borrowers are unlikely to encounter.

“It becomes a little more difficult for a foreign national to buy an owner-occupied property unless they’re here with a job in the U.S.,” said Bill Ashmore, president of IMPAC Mortgage in Irvine, California. “The longer somebody’s here and the more they can document their income through tax returns, the better off they are.”

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Revolving debt just got a lot less important for borrowers…

Banks Agree to Remove Credit Notations on “Zombie” Debt

Jann Swanson | Mortgage News Daily | May 8 2015 | link

A million or more consumers nationwide may see their credit histories improve as a result of an agreement in a Federal Bankruptcy Court in White Plains, New York.  As a result of two separate lawsuits brought in the court Bank of America and JPMorgan chase have agreed to update borrowers’ credit reports to eliminate data on so-called zombie debts, delinquent accounts that had actually been extinguished in bankruptcy.

The banks, along with Citigroup and Synchrony Financial (formerly GE Capital) had been charged in the suit with retaining the information on the credit reports as live debts to enable the banks to generate higher prices for the loans when sold in pools to investors as bad debts.

According to a report in the New York Times, the banks are accused of “engineering what amounts to a subtle but ruthless debt collection tactic, effectively holding borrowers’ credit reports hostage, refusing to fix the mistakes unless people pay money for debts that they do not actually owe.”  The banks offered as a defense to the lawsuits the argument that they do comply with the law and accurately report discharged debts to the credit agencies.

According to the Times, Judge Robert D. Drain, has repeatedly refused the banks’ requests to throw out the lawsuits, criticizing Citigroup last month for its actions and saying, “I continue to believe there’s one reason, and one reason only, that Citibank refuses to change its policy… because it makes money off of it.”

The banks are also rumored to be under investigation by the Department of Justice over whether they are deliberately flouting federal bankruptcy laws which require that banks update credit reports for a borrower discharged in bankruptcy to indicate the debt is no longer owned and to remove any reference to a debt being past due or charged off.

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Do you know your history?

10% of Americans are “Credit Invisible”

Jann Swanson | Mortgage News Daily | May 6 2015 | link

About one in 10 American adults have no credit history according to a report from the Consumer Financial Protection Bureau, a total of 26 million persons who are “credit invisible.”  These are persons who have no information on file with any of the nationwide consumer reporting agencies.

Credit histories contain data on a consumers bank loans, car loans, credit card bills, student loans, and mortgages; details about the terms of credit, totals owed, payment histories, and any liens or judgments that may have been incurred.  This information is used by the agencies to produce three digit credit scores. Most decisions to grant credit and set interest rates for loans are made based on information contained in credit reports and on the resulting credit scores. As a result, those consumers who have a limited or nonexistent credit history face greater hurdles in getting credit.

CFPB says that in broad terms, those with limited credit histories can be classified as either consumers without a credit report, the “credit invisibles,” or as a second group, the “unscored.”  These are consumers who do not have enough credit history to generate a credit score or who have credit reports that contain “stale” or not recently reported information.  CFPB estimates that 19 million consumers have unscored credit records, about half of which are considered unable to be scored, a definition that differs across scoring models, and half that lack up-to-date information.  

Fair Isaac Corporation which produces the widely used FICO credit score places the number of unscored Americans at 53 million, slightly higher than CFPB’s total of those either lacking any history or with histories that cannot be scored.  CFPB says that about 189 million Americans have credit records sufficient for scoring.  

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Shopping online – not just for shoes anymore!

How to Shop for a Mortgage Online

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Ron Milman refinanced his mortgage in early 2015. A resident of an Atlanta suburb, Milman says he saved money, closed quickly, and except for one quick trip to a local bank to meet a local attorney to finalize paperwork, he never left his home office. Working strictly online and by phone, he says getting his mortgage online was a painless process for him. “I really don’t like going into an office,” he says. “It’s so much wasted time and effort.”

If you’re in the market for a home loan, whether for a purchase or refinance, you may have toyed with the idea of using an online lender. But you may be wondering what getting a mortgage online is like. How is the process different?

“The Internet provides the most convenient way for consumers to compare mortgage service offerings; as a result, a growing portion of mortgage originations are anticipated to be completed online in the years to come,” says Stephen Hoopes, an analyst with research firm IBISWorld.

It’s important to first understand that shopping for a mortgage online can be different than getting a mortgage online. In the first scenario, you may be using a service that doesn’t actually make loans but helps connect you to lenders. In the latter case, you actually apply for and complete the process largely online.

With that in mind, here are some of the differences when you get an online mortgage:

The Internet Holds Answers

Aren’t sure about a mortgage term? Need help deciding which type of loan to get, or whether to go for a longer-term loan or a shorter one? You can take a break to research it before you decide without giving a loan officer a blank stare or feeling like you are being put on the spot. Not that you can’t do that before you shop for a mortgage anyway, but apparently quite a few consumers don’t fully educate themselves on all their options when getting the largest loan of their lives.

A recent report by the Consumer Financial Protection Bureau found that almost half of borrowers seriously consider only a single lender or broker before deciding where to apply. The CFPB also says that most borrowers rely heavily on those who have a financial stake in the transaction, and less than half get a lot of their information from outside sources such as websites, financial and housing counselors, or friends, relatives or co-workers.

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