Do You Have Buyer’s Paralysis??

HELLOOOOO My Wonderful Beeeeuuutiful Bay Area!!.. Its a gorgeous day today in our Bay Area!!… If you’re in a slump not sure what to do or how to overcome your fears and doubts of  buying a home…thought  the following article by Blanche Evans would be helpful to you… Many issues can be at root of indecision

You’ve looked at dozens of homes. Your REALTOR® is about to tear her hair out with frustration. You are paralyzed, letting one great home after another pass you by. Why can’t you make a decision?

Buying a home can be an overwhelming process... There are so many decisions to make and any of them can mean serious financial consequences. A home, after all, is hardly a liquid asset. Nor is it a growth investment, according to Wall Street definitions. It’s your greatest financial debt, even while it puts a roof over your head. As it appreciates, it also needs repairs and maintenance. With all that weighing on you, no wonder you’ve got commitmentphobia.

Yet, you really want to buy a home… You know that few purchases will provide you the quality of  life that a home of your own does. There are plenty of advantages, as well – tax breaks, rising real estate values, a stable environment for the family, to name only a few. So you stifle your worries and keep looking for homes. You just can’t find the one that’s just right for you.

It might be time to back this train up and examine what is causing the conflict between wanting to buy and being unable to make a decision. There is a cause, and it’s name is money. The question is, which aspect of money is stopping you from moving forward? Fear of spending too much… Lenders will loan you money at the top of your ability to borrow. Realtors will suggest that you will be happier in a “bigger, better” home, eliminating the need to “trade up” in a few years. Stretching to buy the most home you can possibly afford is a good strategy, but only under certain conditions – that you have confidence that your salary will rise, that your income is stable, and that you can handle large surprise expenses.

If you’ve been pre-qualified, you are already looking at bigger, better, more beautiful homes at the top of your range. But something isn’t quite right… Even though you may feel that your income is stable, a feeling is telling you that if you buy in this range, you won’t have enough in reserves should something happen. Those are your instincts talking, and you should listen, because your desires have been doing the talking up to now. Your instincts are telling your desires to scale back a little.

That means backtracking... Talk to your Realtor and ask her to show you less expensive homes. You can’t go wrong buying slightly under your ability. In fact, many financial advisors tell their clients to budget about 25% of their income for housing in order to position them to build reserves for savings, investments, home improvements, emergencies and dozens of other reasons. That’s almost six percent less than lenders will allow you to borrow. Just think what else you can do with six percent of your income. You’ll still have your house, you’ll just have more to do other things with.

A conflict in goals… Many couples purchase homes with the idea that they will have a child, so stretching buying power to have the extra space makes sense. But if you are trying to accomplish two big financial goals at the same time – buying a home and adding to your family, then something has to give.

You can’t have it all – peace of mind, a large mortgage, and burgeoning expenses all at the same time… Something has to give and the way to do that is simply to prioritize your goals. In what order of importance do you want things to happen? What is most important to you? Whether you are planning a family, returning to graduate school, paying off a student loan, or buying a new car, you surely realize that your financial pie can only be sliced so many ways. Your mortgage is the largest, and the larger it is the smaller the other pieces.

Problems in the marriage… This is one of the toughest issues to address, and one your Realtor can’t help you with. But just as you are listening to your instincts about the amount of money you should spend on your new home, you should be paying even more attention to your feelings about your marriage. And only you can answer the question – will we still be together in five years? You should at least be able to predict being together long enough to pay off the interest on your loan! Or you’ll be selling your home without the benefit of building any equity and equity only comes with appreciation and mortgage reduction.

Buying a home will not fix a poor relationship… It will only make things worse… So you have a decision to make and it isn’t which house to buy. It is whether or not you want this relationship to survive. If you decide you want the marriage, then you must pour your efforts into fixing its problems, including your share of the blame. Be willing to change some things, compromise on others, or accept many things as they are. If you can’t do all of those, then to dissolve the partnership is your only other choice. After you have solved the problems in your relationship, you will find your home more easily.

Fear of the future… Fear takes the fun out of a lot of things, but there is reasonable fear and unreasonable fear. Unreasonable fears have no basis in reality, so there is little you can do beyond getting professional help for your anxiety. Reasonable fears you can handle on your own with a little common sense.

Fear can be tamed by looking at the worst case scenarios compared to the best case scenarios. So examine the questions that are really bothering you. What if we can’t make our payments?… This question can be balanced by a best case. What if we manage our money so well that we can make double payments? So the fear here is manageable – it comes down to how confident you are about managing your money. If you aren’t sure of yourself, get help. Ask someone whose money management style you admire for advice on how to manage your money better. Then stick with it.

What if the value of our home goes down in value?… Would you feel as fearful if you asked yourself whether your property will go up in value? Property can go up or down, but all property requires maintenance or it surely will deteriorate in value. This can be easily prevented by having enough budgeted or in your reserves to perform scheduled and unscheduled maintenance. Look at the properties surrounding the home you are considering. Are they maintained with pride? Are they being updated? Then your chances are good that the neighborhood and your home will retain its value. Rest assured that there will always be a buyer for an attractive, well-maintained property.

Because it is not a liquid asset, real estate is not as volatile as you think… It goes down slowly and rises comparatively slowly. And home values even when depressed may get a resuscitation after a few years. Your best hedge against the future is to keep your property in desirable condition.

You can’t predict the future. The only thing you can do is prepare yourself to handle what may happen. So money isn’t the root of all evil, but it is the root of indecision – at least when you are paralyzed about buying a home. Thinking through the money issues can help you get moving one direction or the other. For some of you, just reading this article will put your jitters to rest. For others, you may realize that a home isn’t in the cards for you right now, and that’s OK. Wait a few days or weeks if you need to. Use the time to regroup. It is far better for you to work through a few obstacles than to jump into the largest investment of your life without confidence. If you can work through your fears, get your finances in tip top shape and proceed, you’ll find buying a home doesn’t have to be a paralyzing decision. In fact, it can be one of the most exhilarating things you’ll ever do.

If you are worried about cash flow, then making disproportionately large house payments will tarnish the joy of home ownership, unless you can find ways to cut down the other pie pieces. Work to improve your cash flow. Accelerate your credit card pay -offs Don’t incur new debt. Rebudget your expenses and eliminate unnecessary expenditures. Make compromises – vow to cut down if you can’t cut something out. Be willing to move timelines for meeting your goals. Don’t be influenced by others to live beyond your means. Set your sights on an affordable home, and you may find your dream home will appear right before your very eyes.

Just keep at it my friends… am always available for Q&A, Chat, Selling or Buying… Have a Brite Happy Day!!… Isi…

Happy Home – Happy Life!!


Much Cheers & Huuuuuge Congrats to Marlin & Ali… Your tenacity, intelligence, willingness to roll up your sleeves rewarded you with your Wonderful First Home!!… I’m sooooo very proud and happy for you!

Its Never Ever Too Late!


HELLOOOO MY BEAUTIFUL – WONDERFUL BAY AREA... Today I have a bit of  uplifting and happy news to share with you… the smiling faces of the young couple shown in the above foto is proof positive that homeownership in our bustling real estate market is alive and well… its never too late to become stakeholders and becoming homeowners for the first time no matter what your age… So Happy for You Both… Huge Congrats Mr & Mrs Loo!!

Buyers… Its Very Possible for U to Get a Great Home!

CLOSED & URS! reszd

Melissa, Lexi, Sami, Ricky & Rocket… HOOOORAY!!

Sssoooo Happy for you and your new home…Time to spread out and have fun fun fun in your new surroundings!  Have to come hear you practice on your piano and see you jump on your trampoline…

I’ll be coming over to see you really soon… xo Isi

Some Do’s and Don’ts


San Francisco Bay Area highlighted in red on a...

HELLLOOOOO MY WONDERFUL BEAUTIFUL BAY AREA!!  Cant say enough how fortunate we all are to be calling our gorgeous Bay Area Home!!…Sure don’t wish to be living in those freezing cold areas hitting all the many other regions of these United States…the beat goes on regardless… many many buyers are still on the hunt for reasonably priced homes… patience and steadfastness will most certainly help…

Here are some things to avoid during the home buying process to assure your transaction goes smoothly:

 -Don’t Make an Expensive Purchase… It’s best to avoid making major purchases like furniture, cars, appliances, electronic equipment, jewelry, or vacations until after the closing. Financing furniture with a credit card could jeopardize your credit worthiness during the time it means the most. Using cash to purchase big items can also create a problem because many banks take into consideration your cash reserve when approving your mortgage.

-Don’t Get a New Job… Lenders like to see a consistent job history. Generally, changing jobs will not affect your ability to qualify for a mortgage loan-especially if you are going to be making more money. But for some people, getting a new job during the loan approval process could raise some concern and affect your application.

-Don’t Switch Banks or Move Money Around… As your lender reviews your loan package, you will be asked to provide bank statements for the last two or three months on your checking accounts, savings accounts, money market funds and other liquid assets. To eliminate potential fraud, most loans require a thorough paper trail to document the source of all funds. Changing banks or transferring money to another account could make it difficult for the lender to document your funds.

-Don’t Disregard Your Lenders Requirements… You may have been pre-approved for the loan but your work with the lender is far from over. Your lender will need copies of your bank statements, W2s and other paperwork. It is up to you to get it to him or her as soon as possible. Failure to submit certain qualifying documents could cause you to lose your loan and the financing you need to buy your home.

I’m always available assist you…928.997.2426 text/cell or

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Top 10 Reasons to Hire a Real Estate Agent

Who Says Its Not a Good Time to Buy??


Scott & Jen are my awesome clients who worked hard & saved as much as they could…When it was time… they were ready!… They now own a home in a wonderful treelined family neighborhood… in a location they never imagined they would call HOME!!

HELLLLOOOOOO My Wonderful Beeeeeeeauuutifull Bay Area… Its another gorgeous day in our Cities by the Bay!…

Lots of Buyers have been feeling down in the dumps over the rising interest rates, competing with “all cash” investors, having to make no loan and/or no appraisal contingencies, just way too many offers on just one little home… I know, I know, I know… have been hearing your thoughts and complaints, your wishes and wants… I just wish I had a magic want to get my buyer clients the home they want!… the best motto we should all stick by is “If there’s a will… there’s a way!”

I’m totally one of those who believe this thoroughly… its amazing how much power we have if we just apply this attitude…

I saw this article written by Beth Braverman at The Fiscal Times… please read and get re-energized… I’m always available to chat and discuss your real estate questions…

At Your Service…
Isi Wu... the realtor for you…
925.997.2426 cell/text


Desire, Focus, Achieve…


HELLLLLOOOO My Beautiful, Wonderful Bay Area!!…. as you all must know by now… we who are so fortunate to own a home in our beautiful wonderful bay area… are so very fortunate to have a home to call home not only because of where we are geographically but in the ever increasing HOT HOT real estate market… I wish to encourage those of you on the hunt, who feel discouraged and priced out of the market… there’s ways to get that home you’d like… you may be very surprised to find that it is doable even in today’s tough market…

John & Winsa are an exemplary couple who had the Desire and Focus and Achieved in their hunt for that elusive property!…

Huge Congrats John & Winsa!! I’m sure you’ll have many many wonderful memories and happy times in your new home!… It was an honor and my pleasure to represent you in your search and purchase…




Homes to 9,000 Homeless Vets…

United States Department of Housing and Urban ...

HELLLLOOOO My Beautiful Wonderful Bay Area!….Today is a cooler day but soon to be warmer days… I hope you’re all enjoying our Wonderful Bay Area… Today I’d like to revisit “homeless vets”…. I wish I could find a way to truly help our vets…homeless, disabled and otherwise … for all they’ve done in service for our safety at home… we should all be so thankful and repay them in every way possible… the reality is we’ve havent held up our end of the bargain… the current sellers market allows sellers to peruse multiple offers, mostly over list price, as is, no contingency, best price and terms… the VA Loan was created to help and thank our vets… it does have certain requirements that hinder VA Loans to be looked as the best finance option in addition to a few other requirements…  if more owners who’s priority is to repay our vets by accepting their purchase offer backed by a VA loan… this would be a more ideal world… if this were true… to the contrary… owners however thankful they may be… are much more apt to accept an offer without any contingencies, with much higher down payments (VA loans dont require any downpayments), better terms and faster close times…of course they would… lets face it… if we were in that position can you honestly say you would accept an offer with a VA Loan?… (hmmmm if we were in a Buyer’s market I wonder what the climate for a VA loan would be)…which brings me to my update today…

As a reminder… here’s my posting on May 24,2012 (almost a year ago)

Today’s update…(is provided by RisMedia)… HUD & VA Team Up: Provide Homes to 9,000 Homeless Vets…  9000 Vets living on the streets or who are participating in the nation’s shelter system will soon find permanent homes due to extra $60 Million Dollars funded by HUD… (please read the link below)

This is good news… not the ultimate best… but definitely good… I hope we can one day find a way to erradicate this tragic situation once and for all.


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Question of the Day…

English: The new MLSpulse™ Home Search Directo...

Q…How large a down-payment should first time homebuyers expect to put down?
A… this is a question all buyers should be aware of… not only first x be completely honest its not the best market for any buyers but especially for 1st x homebuyers… unless they have lots of money down ie) more than 20-40% down or better yet All Cash… we’re currently in a Seller’s Market which basically means if sellers price their properties correctly… they’ll receive multiple offers which drives the offers upwards… Down payment (which includes Earnest Money to go with your purchase offer…) is only part of the package buyers must submit with their purchase offers… the more prepared and complete your Offer Package including best price & terms will help you… Down Payment is absolutely part of what the Seller’s Agent will be looking for but is not the only criteria that needs to be met… 
Please talk with your realtor and work on ways to strengthen your offer in all ways… there are many options you can find the right property for you. Its a fact we have very low inventory all the more reason you have to be completely prepared to make your move on a property asap… dont forget interest rates are still super low… they’re inching upwards…seize the time to make your purchase come true… 
Thanks for your question… 
Much Luck and Perseverance!… Isi
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