Take a Break from Technology!!…

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HELLLOOOOOO My Ever Wonderful Beeeeuuuutiful Bay Area!…
I hope you’re all Rested, Happy & Ready for All Things Ahead in 2015…
Last year was chock full of good and bad news everywhere all around us all over the world!… I’m sure you all had a taste of the Good and Abit of the Bad… I certainly did!… One thing I’ve come to know is that we’re a very resilient bunch of folks… Hoooray and Big Pats on the Back for this fact… Already into the 8th day of 2015… looking forward to  renewed energy, calm and focus … here’s something I think will greatly help us all towards that endeavor…
You Can, You Can, You Can Do This… I promise…
http://bit.ly/1x1kTaQ

Do You Appreciate Gas Prices Dropping?

HELLLOOOO MY BEEEUUUTIFUL WONDERFUL BAY AREA!…

For those of us in a certain age bracket…shortly after I posted the price drop of gas by a couple dollars in our Great Bay Area… (one of the much younger than most of us)… on the move… up and coming… very brite young entrepeneurs FB friends I have… posted his own comment on why we’re silly to get excited over saving a few bucks… HAH!…

Personally I was amazed at his pompous thinking…this younger generation feel they know all things smart!…HAH! (must be nice to think its no big deal to save a couple bucks on gas per gallon) this GenXr has no idea at one time we literally raced to get in line in the wee hours of the morning ie) 3- 4-5 am (forget about 6am you would be too late)… to get gas that jumped from 37 cents per gal. to 63 cents!! Not to mention gas was rationed at one point… Call me “old” call me “silly”… Life repeats itself in so many ways… I remember vividly how my Mom would constantly remind us by example and always repeating the importance of comparing prices and saving every bit we could…

Its nice FB allows comments from all … how unfortunate some very brite folks can be “a day late and a dollar short”…!! or is two dollars short… and yes people I do save pennies too.

How Bout a New Place for Fast Snacks or Hot Meal?…

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Well HELLOOOOOO MY BEEEEUUUUUUTIFUL WONDERFUL BAY AREA!!… Its another gorgeous day in our neck of the woods!… While you’re out and about why not go and check out the closest Ranch 99 Asian Market!… there’s many locations throughout the Bay Area… its one of the alternatives to get your asian food & misc items shopping in one place!…

Some of the markets are smaller than the newer ones but they all seem to offer infinite amounts of fresh fish, poultry and meats not to mention the freshest and most abundant quantities of asian favored vegetables and bountiful fruits and freshest unique breads available anywhere… Its a treat and a destination point for you to visit at least once… I guarantee you’ll go back!…

Today I want to offer you a quick visual of just some of the prepared snack counters…  http://bit.ly/1w4Ok0A

Go Discover and Enjoy!

Some Current ACTIVE Listings in….

 

HELLO MY BEEEEUTIFUL, WONDERFUL Bay Area!!!... I know many of you enjoy following the real estate market… especially in areas where you currently live or would like to live…To get an idea of your chosen market area most everyone likes to see what properties have SOLD AT…TODAY (9.5.14) I’d like to offer you the most current stats on  ACTIVE properties for sale...(keep in mind I’ve chosen just a few local cities in the Eastbay as a starting point… if you dont see a city you’re interested in just let me know)…

CITY:          ALL ACTIVE   DET.SFR/ AVG LIST    DET.3.2/ AVG LIST
ALAMEDA                 54               82          $858,499            9           $858,532
CASTRO VALLEY   96               81          $887,718             23         $774,985

DANVILLE                103             81   $1,637,430         5      $993,460

DUBLIN                     111               77             $986,511          12           $690,904
HAYWARD               232             175           $577.696          66           $483,000
SAN LEANDRO       97                86            $534,282          28          $534,383
SAN RAMON            133              81         $1,083,298          14           $788,342

Dont forget these figures are for ALL ACTIVE Listings on the market for sale… Four out of the  seven cities currently have OVER 100 properties for sale… Inventory is still not overwhelming abundant everywhere…Buyers depending on your needs and price point your chances of getting your piece of property is improving… you just have to be completely ready… Sellers due to the sluggish inventory… you’re still in a great position to receive Top Dollar… keep in mind you must be realistic and price your home right!… Buyers and Sellers I’m here to assist you… Contact Me Now and lets get going…

925.997.2426 Cell/Text and email isiwu@comcast.net

Happy Home – Happy Life!!

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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!

Desire, Focus, Achieve…

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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…

 

 

 

A Short Sale Triumph!

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HELLLOOOOO My Wonderful Beautiful Bay Area!!… The sun is out and is hanging out longer these days… more time for us to get out and enjoy our neck of the woods… even after work… plenty of light for all of us!…

Our real estate market all around our Bay Area is coming back by leaps and bounds… Sales have been inching upwards for a few months now… Sellers are reaping the benefits due to very low inventory and Buyers are out in droves vying for a chance at home ownership… taking advantage of the low low interest rates  to boot…Not so much fun for buyers since this is a seller’s market… meaning multiple offers for the sellers and buyers are pretty much stuck if they dont offer over list, short times to remove contingencies or the most minimal shortest times to remove contingencies, bigger down payments, very quick close times etc etc…

Nevertheless abit of good news to share with you as sellers, buyers or just plain market watchers…here’s a goodie for you… as a result of a recent listing I had… even tho a short sale… with 2 loans… from the actual list date to close of escrow took a mere 2 months…from date of short sale approval from the bank to close of escrow date took less than 35 days… Now we’re talking!!… it is possible to rise above the Short Sale craziness of months and months and months of delays working through the various  bank depts and myriad of bank short sale specialists who never seem to stay very long, who always seem to lose vital information… you can end up triumphant and literally close the transaction in the same amount of time as a normal regular transaction…Not a very usual happening but I do believe the general state of Short Sales are indeed getting better in as far as the length of time they’ve been known to take…

Its very possible the Short Sale process is finally getting more streamlined… I cant declare this sentiment as universal just yet but as the listing agent on this recent short sale… everything worked out super well for sellers, buyers, realtors for both sides, banks and buyer”s lender and escrow officer… it took all of us to work together to make it happen and make it happen we did!!… Huge Congrats… Luis, Melissa, Shayn, Megan, Karen, Randi, Marie  & Julian (asset manager)…

If you’re considering putting your home up for a possible Short Sale and more importantly if you’ve already received a Notice of Default (NOD)… please call me at 925.997.2426 or email me at isiwu@comcast.net… Lets Talk… I Can Help!!

 

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Exercise Your Right to Vote!!

Nouormand: Êlections au mais d'Octobre 2008, Jèrri

HELLLOOOOO MY BEAUTIFUL WONDERFUL BAY AREA…

Election Day is tomorrow Tuesday, Nov. 6. Exercising your right to vote is critical to ensuring that your interests are represented in your city council, Sacramento, and Washington. Please make exercising that right a priority.

To find your polling place, visit http://www.sos.ca.gov/elections/find-polling-place.htm

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Purchase Strategy for a Fixer Upper…

 

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HELLLOOOO My Beautiful Wonderful Bay Area…. As you all may have heard or perhaps been a part of... our current bay area real estate market for sellers is in the throes of Multiple Offers...Hooray for the Sellers!… however this sort of situation can put buyers into the fray of uncertainty and aggressive competition for a chance to buy a home…  the current low inventory of homes surely adds pressure for the buyer… many have to compromise on what their true desires for a home may be… Today my focus is to provide some information and help for those buyers…  whose goal is to become homeowners!!  There’s plenty of other types of buyers who have at least 30-40-50% down and in many cases All Cash… Buyers who are barely able to put down 1-3% don’t have the luxury of extra money set aside to repair or remodel the only property they can afford.  Lets say for example…
You are attracted to a house that is perfectly located but it just came out of foreclosure and needs a lot of work to make it habitable. To swing the deal, you need to finance both the purchase and the required repairs. How do you do that?
Getting the mortgage required to purchase a house is only one of the challenges facing the buyer when the house needs work. The second challenge is finding a way to finance the needed repairs. The standard purchase mortgage doesn’t do that because it is based on the lower of sale price or the appraised value of the home in its current condition.
An obvious solution is a second mortgage, but they are not available in the current market except where the first mortgage is too small to do the buyer any good. Second mortgage lenders are still smarting from the steep losses they suffered on second mortgages written during the go-go years leading up to the financial crisis. An unsecured personal loan would be extremely costly if it were available at all.
The solution to this problem is a mortgage on which the loan amount is based on the value of the property after needed repairs have been made. Then one mortgage would cover both a purchase and the repairs needed to make the house habitable. This is future value financing, and it is available through a special FHA program termed “203(k).” This program is available to both home purchasers and existing homeowners who want to rehabilitate their properties in conjunction with a refinance.

The Section 203(k) program is complicated because FHA as the risk bearer has to make sure that the future value of the property upon which the mortgage amount is based actually materializes. To protect itself, FHA requires an appraisal of the property’s value after completion of the planned rehabilitation, in addition to an appraisal of the property “as is.”
Further, before the mortgage is insured, the lender must create a rehabilitation escrow account that contains the money allocated for expenses. FHA has procedures in place to assure that draws against this account are properly disbursed and accounted for, and that the rehabilitation work is completed.
Lenders are encouraged to participate in 203(k)s by the insurance against loss provided by FHA. However, 203(k)s are more complicated and involve more paperwork than the mainstream FHA program, and participating lenders use specially trained staff. As a result, many lenders don’t offer 203(k)s. Lenders that do offer them charge a rate above that on standard FHAs — figure on paying about 0.25 percent more. 

The borrower looking for future value financing must deal with multiple players. In a typical case, the real estate agent who shows a potential buyer a house in need of work will recommend a lender who will preapprove the borrower for a 203(k). The preapproval is based on estimates of sale price and repair costs. The sale price estimate is provided by an appraiser selected by the lender who values the property on both an as-is and after-repairs basis. The repair cost is provided by a licensed general contractor who is usually recommended by the lender. 
In addition, if the repair costs are more than $35,000, FHA requires the borrower to retain a HUD-approved consultant to help manage the process… Among other things, the consultant prepares the required architectural exhibits, and monitors the improvements at each stage. HUD provides a list of consultants and sets their fee schedule, but does not warrant their performance. Lenders will usually recommend consultants that they have worked with, and this is one case where a lender referral is likely to serve the borrower well. The consultant’s fee can be included in the mortgage.
Increased use of 203(k) in the next few years is expected. Millions of homes emerging from the foreclosure process will enter the market, and many of them have been neglected and need work.
(written by…Jack Guttentag is professor of finance emeritus at the Wharton School of the University of Pennsylvania)
Perhaps its time to get you lined up for this sort of financing… contact me for further information… Call or Email Me Anytime… Isi
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Are Your Sure Your Realtor is Licensed??…

Logo of the National Association of Realtors.

HELLLOOOO My Most Beautiful Wonderful Bay Area!!…  The “Question of the Day” is … Are you sure your realtor is licensed to do business?

Most sellers, buyers, soon to be in the market consumers and yes even fellow realtors probably don’t think too much about the licensing status of the agents they work with! And we all should know!! In fact its crucial to know… why would you work with someone who isnt licensed, why would you work with someone who has been disciplined or has complaints placed on his/her record?… As with everything else in life we must scrutinize the who, what and whys which includes “making sure your realtor is licensed and current” when it comes to working closely with that person regarding your home or any kind of property and where a huge amount of your life and money  is involved… Use a Licensed Realtor!

Jim Malmberg wrote a very insightful article on why its important to know the status of the realtor you work with…please take a minute to read it… and enlighten yourselves… http://bit.ly/A5hHlw

(the DRE – Department of Real Estate License Lookup link is inside Jim’s article… its FREE to use…do yourselves a favor and do this…)


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