BEST BIDDER HOME SALE This Weekend in DUBLIN-2027 Forino Rd. -off Fallon Road

Best Bidder Sign sampleThe Robin Bird Team is conducting a Best Bidder Sale this Weekend only in Dublin! Home is Not on MLS!! 2027 Forino Drive off Fallon Rd. 1 year old 5, possible 6 bedrooms, 4 1/2 baths almost 4,000 sq. ft. home with rentable first floor granny unit! Come see me and my team 1-5 both days. Initial bid is only $650,000 for this home worth well over a million dollars!!! Lisa Moss Parin with First Priority Financial will be on hand to do loan preapprovals for people needing to get qualified for a loan…for this home or others!! A flyer about the home is at http://client.rw.imprev.net/23/723/20986/ and you can get more details about the home and sale and pics of the home under featured homes on my website http://robinwatsonbird.com/featured-homes/

Housing Inventory Still Very Low–You May Get More for Your Home Now than in Spring!

Many of the people my team has spoken to recently who plan to sell their home this year thought it would be best to wait until Spring to put their home on the market. In a typical year, that may be the case, but this year is very different! Most people have heard that there is a housing inventory shortage when it comes to rental homes as well as homes for sale. The table below shows just how low inventory actually is. For example, in Livermore, a typical market would have 150-200 homes for sale. This past week, we have had an increase in homes for sale with 16 properties on broker’s tour this week….Right now, however, we still only have a total of 57 residential properties for sale with 45 being detached single family homes (houses). The same dearth of inventory is being seen around the bay area. With supply so low, demand is high and prices are going up. More buyers than usual are trying to buy now than in previous years at this time because they are trying to get into a home before interest rates go up substantially when the federal government stops artificially lowering interest rates..somthing that is expected to happen sometime this year.

Housing prices in some areas are starting to approach the prices they were when the market reached it highest point in June 2005.

In this tough market, one way we are helping our VIP Buyers who are in our Buyers in Waiting Program get into homes by matching them up with homes that are on our Secret List of Unlisted homes.

 

For Sellers, we can often help you save time and money by getting your home sold quickly at a price acceptable to you in just two days!! We can even negotiate a 60-90 day rent back period for you so that  you can make a non-contingent offer on your next home since contingent offers are not accepted very often in todays market.

 

If you or someone you know is considering buying or selling in this bay area market, my team would be happy to help!

Just contact me today for a no obligation consultation to sww if we would be a good fit for one another!

Click this link to see a more detailed table: Tri-Valley Residential Real Estate Inventory 1-31-14

City

Total Homes for Sale

# Detached Houses

Townhouses

Condos Duets Price Range Median Home Price
Livermore

57

45

4

8

0

$225,000-$4,599,000

$669,900

Pleasanton

40

31

4

3

2

$315,000-$6,900,000

$1,374,994

Dublin

61

35

6

18

2

$245,000-$1,737,736

$799,000

San Ramon

57

39

5

12

1

$180,000-$3,950,000

$789,000

Danville

47

40

6

1

0

$435,900-$9,600,000

$1,190,000

Alamo

36

35

1

0

0

$509,000-$42,000,000

$1,624,475

Walnut Creek

50

23

7

20

0

$230,000-$2,638,000

$637,000

Pleasant Hill

21

14

4

3

0

$189,000-$950,000

$549,000

Lafayette

26

24

2

0

0

$599,000-$7,750,000

$1,364,000

Orinda

21

21

0

0

0

$759000-$5,500,000

$1,495,000

Moraga

8

4

1

3

0

$269,000-$3,500,000

$674,500

Neighbor Fence & Boundary Disputes -New Laws for 2014

Fences & Boundaries are often the topic of dispute for homeowners and buyers.

As of January 1, 2014, a new law went into effect that requires adjoining landowners to share equally, with certain exceptions, the responsibility for maintaining the boundaries and monuments between them.

When an owner incurs a cost for a fence, they must give 30 days’ prior written notice to each affected adjoining owner

Notice shall include the nature of the problem, solution, timeline and estimated cost to fix the problem

Affected neighbors can only overcome responsibility if the prove reasonable costs would be unjust

If neighbors cannot resolve dispute, law gives the court discretion to order contributions, in any amount

Hopefully, this law will help bay area California homeowners be able to maintain their properties better since there is now a law that may assist them to get stingy neighbors to come up with the funds to cover their share of fencing and such!

Sell Now–Don’t Wait…Low Housing Supply Leading to Higher Home Prices

There are so few homes for sale that it is a prime time for sellers to get top dollar for their homes. An example of low housing supply…in Livermore, we typically usually have at least 150-200 houses for sell…right now, there are only 39!!!

For more information and details about the Bay Area Housing Market, visit: http://www.dqnews.com/Articles/2013/News/California/Bay-Area/RRBay131217.aspx

If you would like to find out what your home is worth for free online, visit http://RobinsHomeValues.com right now.

FHA Loan Limits Will Be Reduced in High Cost Areas as of January 1, 2014!!

I just got this breaking news from one of my preferred loan consultants, Amy Costa at iMortgage amy.costa@imortgage.com

This is huge because just last week the last 3% down conventional loan product I knew about that another one of my preferred consultants Lisa Parin and First Priority Financial lisa.parin@fpfmail.com offered and my clients were using went away and now people in high cost areas who planned to only put 3 1/2% down using an FHA loan on their home purchase will lose over $100K in their possible buying power come Januare 1, 2014!

Per the email I received from Amy today,

Loan limits for the following county’s as of January 1, 2014:

 San Joaquin -   $304,750  ( Was $488,750)
Contra Costa -   $625,500 ( Was $729,750)
Alameda -          $625,500  ( Was $729,750)
Stanislaus -       $276,000  ( Was $423,750)
The revisions will be effective for all FHA case numbers assigned on or after January 1, 2014 through December 31, 2014. If you need limits for other counties, just contact Amy or Lisa and they can let you know.
Please keep in mind, Amy and Lisa have competitive Conventional products available with only 5% down. MI companies are getting a little more lenient and 80/10/10 products are coming back into the market. These, along with more aggressive Jumbo products, will replace the FHA loans lost with the reduction of loan limits.
It’s very important that buyers re-evaluate their current pre-approval to ensure that it will be valid come January 1!
 
Now more than ever, it will be extremely important to that buyers are working with an experienced, creative loan consultant with access to the best products available.
If you do not already have a trusted experienced and creative loan consultant who can offer a wide variety of products for you, feel free to contact Amy Costa and/or Lisa Parin to see what they have to offer for you and if you would be a good fit for each other.
By the way, I do not get paid any referral fees or anything like that for recommending them, they have just been awesome to work with and have been able to do loans for my clients and others I know when other banks and lenders could not AND they can usually close quicker than others as well which in this competitive market helps buyers’ offers stand out. Let them know you found out about them from me and they will make sure they take real good care of you!
Let me know how it goes!
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