Richmond, CA Real Estate News

By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Richmond Californiaand 100% VA Loans - the best loan program in the country! Designed for both active duty military and honorable discharged Veterans, VA Mortgage Loans are one of the best mortgage loan programs available today. Here are some of the highlights of this incredible program: - 100% financing, no down payment required. - Monthly mortgage insurance is not tacked on to your payment. - Easier credit qualifying compared to other types of mortgage loans. - VA Mortgage Rates are low compared to other types of home loans.   So how do you qualify for a VA Mortgage Loan in Richmond California? First of all, you must verify your eligibility. You can verify eligibility by ordering your Certificate of Eligibility or COE. A Contra Costa County VA loan lender can orde...
Comments 0
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
Last Call For Vallejo, CA Area Meet-Up Plan on joining us Our Vallejo CA Meet-Up is less than one week away. Your hosts, Shirley Young and I are providing some appetizers.  All you need to do is bring yourself and plan on having some fun. Full no host bar and excellent dining available. Our Restaurant hosts, Anthony & Sherry LoForte put on quite a feed at Zio Fraedo's and they are a 203k client so they know the ropes. Anthony is also an investor. If you haven't already responded please respond and let us know you are coming so our hosts can be prepared. Next Tuesday 5 pm to 7 pm and longer if you like. Looking forward to seeing you all there. YOU do not need to be a member to join in the fun but I'll bet you join after meeting with this group. Come on down... Email me directly if you ar...
Comments 3
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
Range hoods we have seen on FHA 203k projectsHere are some of the interesting hood vents we have seen lately. Thought this was interesting.        Concord house            This is the above kitchen prior to the FHA 203k loan being in place               Albany CA updated  kitchen with wild looking hood vent.             Even the last owner liked to see the vent pipe going up the wall. Interesting.           Newcasle 203l loan made this possible... the more tradditional hood vent with microwave oven combo.           Newcastle home had no hood vent prior to the FHA 203k loan b eing put into action.      Sorry about the sideway photo, can't seem to rotate it 90 degrees.Martinez house         I couldn't pass adding this one to the post   As a manufacturer of flexible duct, this is not a leg...
Comments 9
By Peter Nielsen
(Marin Realty Experts)
Need an affordable rental? Attractive newer building, 3BR/2BA with attached garage. The kitchen has tile floor and granite counters; there is laminate flooring in living areas, and carpet in bedrooms. The gas oven and a refrigerator are included, with washer/dryer hook-ups in the garage. It has dual pane windows and is well insulated. There is a security alarm paid by the owner and a security gate across the driveway. $1450/mo. For pictures, see www.MarinRealtyExperts.com/rentals/118-2nd-St. To see, call me at 415-472-6243.
Comments 0
By Peter Nielsen
(Marin Realty Experts)
I received an offer from an investor for a duplex that I have listed in Richmond, CA. The numbers are excellent, especially for the San Francisco Bay Area. The list price is $199,900 and the rents are $2850/mo. When the  potential buyer did an interior inspection, though, both sides of the duplex were messy -- unmade beds, clothing on the floor, stuff scattered about the back yard, etc. After viewing it, the buyer decided not to go ahead with the purchase. So, it's back on the market, looking for an investor that can see past the messy housekeepers!
Comments 4
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
There has been allot of interest in the "Feasibility Analysis" we do and how it is best used. There are several uses that we will provide for you herein: 1) Property isn't listed yet - you want to make an offer and you need to nail down the cost to make the repairs so you can make an educated offer. The feasibility report can accompany your offer so the seller understand that YOU have done your due diligence to determine a "fair" offer. 2) Property has been listed for a long time and needs a good deal of work. The list price is high and out of line with reality. The feasibiloiy will usually bring the seller back to reality and you get the offer accepted. 3) You are a seller that has a property that needs work and it would be nice to see that "quantified" so you can list the property rig...
Comments 0
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
Are you an REO listing agent? Would you love to know what the repairs would be on one of your fixers? Would that help you get that property sold? Of course it would. We are offering you the chance to do just that if you have up to ten REO properties that need work we will send our crew into those homes for you and give you a "feasibility analysis" absolutely FREE. That is correct, not cost to you, however we do ask that the lender's name, contractor's name and our name be left on the paperwork so we have the opportunity to get the business should it become an FHA 203k loan.  What is a 203k?... an FHA loan that includes purchase money and renovation money all in one low interest loan for 30-years with a fixed rate. What we do for you is determine an approximate cost to make the necessary...
Comments 0
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
... or anywhere else for that matter.  Small homes are coming back into Vogue but some are so small that you can't get a loan on them. I was listening to the commentator on the radio on the way into the office this am and they confirmed it.  What do you do when you can't get a loan on a home because it is too small? Easy, it is a 203k or Home Style Renovation project. If you add on to a home it is a 203k. Therefore if you have a listing that is too small and can add on a room or bathroom in some cases you have a 203k project... sorry it is structural so it is a "full 203k" and not a streamlined k. This includes homes that are totally fixed up already or those in need of work. I hear there are lots of small homes out there that just are too small to get any financing. In some cases they ...
Comments 3
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
Last night in Concord, CA we had a small group but lots of questions, I think we opened some eyes to the 203k, one contractor rep came that turned out is representing a contractor that used to do quite a few 203k projects for us throughout the 1990's and that was fun. Ray Luna will be stopping by my office on his way back from Antioch this afternoon. Ray was a top notch contractor and does excellent work in the entire bay area and up to Sacramento. It is fun seeing people you knew years ago are still doing well in the business. Several Realtor/Agents were present and good questions came up from them. Brian Reeg with Prospect Mortgage is the 203k lender here in Concord, CA where he does both the Full 203k and the Streamlined "k". This morning at Security Pacific RE at Hilltop in Richmond...
Comments 0
  Special Pulte builder deal this weekend at Anchorage at Marina Bay! $50,000 in savings and a buyer rebate from me If you’ve been waiting to buy a brand new home, wait no more. Pulte homes is offering a huge sale this weekend until October 10th  for Anchorage at Marina Bay. According to Pulte Homes, buyers will receive: *Up to $50,000 off on certain floor plans. *Move-in package, which includes: washer, dryer, refrigerator, a FLAT SCREEN TV * Up to 3% in closing costs * It gets even better! I will also provide a 25% buyer rebate when you purchase with me! Example: Purchase price: $369,900. Commission at 3%=$11,097. You will receive 25% of my commission shortly after closing. That equals $2774.25! You must contact me first prior to seeing the homes and certain restrictions may apply. CA...
Comments 2
New Pulte homes: Anchorage at Marina Bay with $35000 in savings and a buyer rebate! Pulte homes is offering a huge sale for the Anchorage at Marina Bay that starts this Saturday at 10:30. According to Putle Homes, the first 10 Buyers will receive: *$20,000 Discount off the attached sale prices *$15,000 Pulte Mortgage Lender incentive *All homes come with Granite, Stainless Steel, Refrigerator, Washer/ Dryer and Full 2-Car Garages These are BRAND NEW HOMES. There are 218 homes with four different floor plans. The square footage range from 1145 to 1700 square feet. There are 2-3 bedrooms. A unique feature of all of the homes are every room has its own bathroom! See for yourself and watch the video. I will also provide a 25% buyer rebate when you purchase with me! CALL OR E-MAIL ME FOR DET...
Comments 0
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
The word on the street is that Bank of America is beginning to foreclose at an alarming rate. This will likely dominate the market with foreclosures the likes we have never seen. Wow. The word I heard was that there will about 45,000 hitting the market per week by November 2010. That is astounding. You won't get a refi once that happens as could create such a low in some markets that we will be sent spiraling into never never land with Alice.  Lets try to see some good in this. That means we have a wonderful opportunity right now and until November to get those refinance loans that are out there for picking. John Q Public needs to get off the dime and look into that refinance they have been thinking about. If you have decided to stay where you are and fix your property the 203k can do t...
Comments 0
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
Anyone got a handle on the new rules for the EPA lead renovation guidelines? If the home you are about to renovate is built prior to 1978 (1980 in reality) you must assume it has lead based paint until you find out otherwise... suit up and test it. If it doesn't then you are safe to go to work. If it does test positive you have to use the guidelines to deal with it.  I think the most stringent guidelines is your intent when dealing with the problem. Two contractor types can do the work. A renovation contractor or an abatement contractor. It is the same exact work but we do renovations. Example: If your intent is to cover the existing interior walls with a layer of drywall and contain the lead for looks, it is a renovation project and we are good to go. If, on the other hand you were doi...
Comments 0
By Nicole Monary, Nicole Knows San Diego Neighborhoods
(Sellstate Next Gen Realty)
NOTICE OF DEFAULT IN RICHMOND COUNTRY CLUB?  NOTICE OF TRUSTEE SALE? FORECLOSURE? Here's how you can sell your RICHMOND COUNTRY CLUB home for less than you owe the bank, avoid foreclosure, save your credit and get your lender to pay all the costs-for FREE!  A new informative e-book has just been released called "The Home Owner's Guide to Real Estate Short Sales" and it is possibly the most valuable guide on how to use a short sale to stop or avoid foreclosure available today.  Inside this book, you will learn how to sell your RICHMOND COUNTRY CLUB home or investment property quickly and easily using a home selling strategy called a real estate short sale...and owe nothing! You can stop the bank from foreclosing on your RICHMOND COUNTRY CLUB home and ruining your credit without costing y...
Comments 0
By Marizel Mercado
(Century 21 Bay Realty Group)
Assignment of contract could be one of the best strategies that real estate investors use to earn FAST CASH.  Being an investor myself, I find this very lucrative especially in today's market...BUYERS MARKET.  Do you do it too? This blog is open for all the investors and any real estate professionals to share their experience!  BLOG AWAY!!!!
Comments 1
By Rebecca White, Real Estate Agent - San Francisco
(Alain Pinel REALTORS)
Wow, gotta know that I love referrals as that means my clients love me, right? So I completed a successful short sale transaction in April for a couple. Last week, they referred me to another couple who owned a condominium in an adjacent town. Coincidentally, I had sold a condo in the same complex (and liked the area so well, I considered making the move across the Bay myself.) [To digress, I regrettably invested in a TIC in San Francisco (more later) and was fearful for my cat's safety (he might have chased a goose into a pond!) and truly loved San Francisco too much to move. (The affordability of the East Bay is still enticing, hence my vicarious thrills with many first-time buyers.)] Back to my story...I asked some questions and ran some quick comps. These young ladies had paid $450,...
Comments 1
By Keith Rockmael
(Intero Real Estate Services)
When San Franciscans and anyone else living in the Bay Area hear about Richmond the first thing that comes to mind certainly isn’t anything related to Green, Eco, or Sustainable anything. That will hopefully change as the semi-rural farm Eco Village Farm Center, which already teaches sustainable farming and growing practices to underprivileged local youth, recently added a solar system to power the farm. In a not so pastoral location surrounded by freeways and railroad tracks, the Eco Village offers a green sanctuary to local youth who wish to find a green place to learn and relax. The farm grows a variety of vegetation including: fruit trees, Oaks, Beach, Banana, California Buckeyes, Bay Laurels, Blackberries and Walnuts. The recently added solar system not only will decrease their ene...
Comments 1
By Ralph Easterling, Bay Area Loan Consultant
(1st. Credential Mortgage)
Why Home Purchases Can Fall Apart at the Last Minute   Most buyers and sellers feel relieved when the negotiations are done and the purchase agreement has been signed by all parties.  It's a milestone.  But, you might want to hold off celebrating until the transaction closes. Current market conditions have complicated the home sale industry.  Lender requirements for mortgage qualification and the types of home loans available are changing daily.  Before getting into contract to buy a home, make sure you double check with your lender or mortgage broker to confirm that the loan you were qualified for several weeks ago is still available. For example, a week before closing, buyers who were purchasing their first home -- and who had been assured that their financing was in order -- were inf...
Comments 0
By CJ Walton, CNE
(Keller Williams Realty)
CJ Walton Receives New Certified Negotiation Expert DesignationReal estate negotiation skills a must for all home buyers/sellers, especially in current marketCJ Walton has been awarded the Certified Negotiation Expert (CNE) designation, achieved by real estate professionals who have successfully completed formal training in the art of negotiation.  Agents who receive this certification are in the top 1% of all agents nationally. With professional negotiation skills, agents will typically obtain better results for their clients. CNE agents have a powerful competitive edge because of their ability to uncover information effectively, get more and give less during sales/purchase negotiations, and retain control over desired outcomes.  Bottom line, CNE agents know how to influence and persua...
Comments 4
By CJ Walton, CNE
(Keller Williams Realty)
HOME FRONT FESTIVAL. This weekend Sept 29 and 30th at Point Richmond near the famous Kaiser Shipyard 3, and the Historic Ford Assembly Building near the Bay Trail. Tons of activities music, booths and fun. Bring the kids, neighbors and the relatives because this outdoor festival is going to be the talk of the town.  See http://rosietheriveter.org/07Sep28.htm and http://www.homefrontfestival.com/ for complete details.
Comments 0
Richmond, CA Real Estate Professionals