Lodi / Stockton CA Homes For Sale & Real Estate Information

According to an article in the Boston Globe, here are four things sellers should understand about today’s market to make their homes as saleable as possible:

1. Real estate pricing is very local: “When you’re looking at comparables, you have to see what’s sold in the past three months. Look at your competition and what’s under agreement.

2. Get property pics online: Stage the property, then take pictures and video. Better yet, hire a professional photographer to do the job.

3. Disclosure is key: Tell potential buyers what’s wrong before they figure it out. That eliminates last-minute re-negotiations and cold feet.

4. Clean, clean, super-clean: A clean and clutter-free property makes potential buyers likely to pay more.

So, whether you’re still living in your home that’s For Sale, or you’ve already moved out, but are trying for a Short Sale in Stockton or Lodi areas, it’s always a good thing to get the most money for your home.

Make it a great day!

Related articles by Zemanta

• 7 Ways to Avoid a Crummy Real Estate Agent (usnews.com)

When it comes to buying a home, most potential buyers will use the listing price as the number one factor to determine the homes that they look at.  Even though you and a Realtor may determine the asking/listing price, the buyer will ultimately determine the selling price.  If the price is too high, most buyers won’t give it a second thought – which is why you want to determine the listing price carefully.  Real estate prices have dropped considerably in the last few years here in the Central Valley, so be careful not to chase the market downward with your pricing.

If you set the correct price, you’ll notice a much faster sale.  Setting the right listing price will also attract more potential buyers to your property as well.  You’ll also notice an increase in response from Realtors, and receive more calls about the property.  The listing price is very important – and it can ultimately determine whether or not you even sell your property.

A home can be overpriced due to several reasons.  Overpricing is something you want to avoid, as buyers tend to steer clear of homes that have been overpriced.  Normally, this happens when a buyer asks a lot more than the home is worth or valued at due to emotional reasons.  Some sellers ask a lot more than the value of the home due to location.  Although the location is very important, most potential buyers won’t give the home a second look if they think the price is too high – and more importantly out of their price range.

When you put your home up for sale, most activity will happen within the first couple of weeks.  If you put the right price on your home, you’ll notice immediate interest.  There are always buyers looking for homes in their price range, waiting for new homes to be listed or homes to be reduced in price.  Buyers who are waiting to purchase may miss seeing your home completely if the price is too high.

To determine the listing price of your home, you should always have your Realtor go over the comparable recent sales.  This way, you’ll know the possible value of your home.  You can sell it for market value or go a little under, although you should never attempt to go way over the value.  In doing so, you’ll miss out on a lot of potential buyers.  The home market is very competitive these days, which is why you want your home to draw as much interest as possible, as soon as possible.

Keep in mind that Realtors really have no control at all over the real estate market, only the plan behind the marketing.  Realtors don’t determine the asking price – the seller does through the assistance of their Realtor.  If you do things right and take each process step by step, you’ll set the listing price in the right area and have no problems selling your property, or at least getting offers for it.

Short Sales in Stockton and Lodi, CA areas are what’s fueling the market right now and will stay that way for the near future.  The main thing is to get a good solid offer on your home and then the lender(s) will determine if you get the ‘green light’ or not.  That will most likely only happen if you price it right from the start.

I have always had fun each year attending the downtown Lodi Street Faire.  It happens twice a year and usually draws a very large crowd.  There will be great food, fun, music, and all kinds of vendor booths for your browsing and shopping pleasure.

Here are more details:

Lodi Street Faire

Location: Downtown Lodi

700 antique arts and crafts commercial and food vendors come together in Downtown Lodi for this one day event Church and School Streets between Lockeford and Lodi Avenue
Lodi, California
When: May 2, 2010
Starts at: 8:00 AM

Description:
About 700 antique, arts and crafts, commercial, and food vendors come together in Downtown Lodi, CA for this one day event. Church and School Streets between Lockeford and Lodi Avenue.

Fee: Free
Time: 8 a.m. – 4 p.m. (approx)
Phone Number: (209) 367.7840

A while back I posted an article about how shipping containers were being used for innovative ways for housing.  I came across another article profiling even more unique ways of using shipping containers for more than just shipping cargo.

I wonder if using these containers in this manner would help or hurt the real estate market in the Lodi, CA and Stockton, CA areas.

To see how these containers are being creatively being used, CLICK HERE.

First American CoreLogic reports that distressed properties accounted for 29% of all U.S. home sales in January. Also, real estate-owned sales rose to 22% of homes sales from 19% in December, and short sales rose to 8% from 7%.

National average sale prices in January were $161,600 for distressed homes, compared to the average non-distressed sale price of $247,700, $141,900 for REO properties, and $215,300 for short sales.

Related articles by Zemanta

• Distressed Sales Reach 29% of Entire Market: First American (housingwire.com)

For several months last year I heard a lot that banks were not too willing to jump on   the Short Sale wagon due to they were making more money on a home once they foreclosed on it and then sold it as an REO.

Image by Getty Images via Daylife

I’ve been hearing a lot more lately that banks are actually starting to work more easily with Sellers and Realtors® in order to get the process to go more smoothly with the short sale of the home

because it’s less costly to the banks than a foreclosure and they are starting to learn how to streamline the process a little better.

Here is a great that I came across that explains just that…CLICK HERE

I am beginning to see more and more Short Sales listed and being SOLD in the Lodi and Stockton, CA areas.  Here at Realty World-Davis Homes & Properties, we are taking the necessary steps to help homeowners that may be facing the decision to have to do a Short Sale on their home and assist in this process to help make it as less stressful as possible.

READ THIS ARTICLE, then contact us to get your questions answered and see if a Short Sale is right for you.

Randy

Related articles by Zemanta

• Don’t foreclose! Do a short sale (money.cnn.com)

Well, we’re getting down to the wire on the deadline for the tax credits.  If you purcase your home last year and haven’t filed your taxes, then here is the much needed info on how to get your benefit:

http://bit.ly/b0P8CP

The tax deductions you’re eligible to take for mortgage interest and property taxes greatly increase the financial benefits of homeownership. Here’s how it works.

Assume:

$9,877 = Mortgage interest paid (a loan of $150,000 for 30 years, at 7 percent, using year-five interest)
$2,700 = Property taxes (at 1.5 percent on $180,000 assessed value)
______

$12,577 = Total deduction

Then, multiply your total deduction by your tax rate.

For example, at a 28 percent tax rate: 12,577 x 0.28 = $3,521.56

$3,521.56 = Amount you have lowered your federal income tax (at 28 percent tax rate)

It’s never been a better time to purchase a home.  Low home prices and low interest rates.  At Realty World-Davis Homes & Properties we specialize in making the dream of owning a home become a reality.  If you’ve got any questions, we’ll have the answers.

With only weeks left to get your new purchase under contract before the deadline of the $8,000 and $6,500 tax credits end, time is of the essence.

We all know that the Lodi, CA and Stockton, CA area property values have been affected by the current real estate market due to all the foreclosures and short sales.  How the upcoming wave of foreclosures and short sales will impact home prices in our area is something that is being reported on daily basis now.

The housing market is facing swelling ranks of homeowners who are seriously delinquent but have yet to lose their homes, and this is threatening a new wave of foreclosures that could hit just as the real estate market has begun to stabilize.

For the rest of this interesting article… CLICK HERE

Related articles by Zemanta

• Shadow Housing Inventory Still Looming (seekingalpha.com)

Image via Wikipedia

How would you like to take a step back in time to see Simon & Garfunkel in concert singing their top hits?  Me too!

Well, how about the next best thing.  Tribute artists Mark W. Curran and Tom Haney are a musical duo that transports audiences on a journey through the history of Simon & Garfunkel with songs from their 50-year career, and even some sing-alongs to popular favorites.

Who doesn’t remember and love “Mrs. Robinson“, “Sounds of Silence“, and “Bridge Over Troubled Water“?

The concert will take place on Sunday, March 28th at 3:00pm in the Charlene Powers Lange Performing Arts Theatre located at Hutchins Street Square in Lodi, CA.  You can even see the office of Realty World-Davis Homes & Properties from there.   For tickets and/or more information call (209) 333-5550.

For directions: http://bit.ly/bBtbq0