Here’s a Thot…

HELLLLOOOOO My Wonderful ~ Rainy Sunday ~ Beeeeeuuutiful Bay Area!…

“Every path has a few puddles…”

Enjoy Your Day!…

Isi

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…  isiwu@comcast.net
 
 
 
 

Buying vs Renting

Not sure about becoming a home owner? Do the numbers and the decision is real easy.

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…

http://bit.ly/12YuioP

At Your Service…
Isi Wu... the realtor for you…
925.997.2426 cell/text
isiwu@comcast.net

 

Desire, Focus, Achieve…

SAMSUNG

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…

 

 

 

You’re Gonna Want this Condo!!… I’m Serious…

 

HELLOOOOOO My Beautiful Wonderful Bay Area!!... its abit after midnite now… we’re into the early morning hours of Thursday 5.16… In this crazy market we’re in… wanted to give you a heads up…I just listed a Brand New Condominium Listing in beautiful Pleasant HillIts a Regular Sale… not distressed in anyway… Sellers are very motivated but may need time to move… perfectly maintained… just move right in…Lots of Upgrades too many to list for you here… 2 bedroom 2 bath… very comfortable 973 sq.ft… feels quite spacious… has a low maintenance backyard-is an end unit-plenty of parking-community pool and clubhouse… Convenient to everything – incl downtown- lots of eateries – all shopping needs – Bart – freeways – pet friendly, walk friendly…Just a Great Location!! You’ll love this unit… Dont Miss It!…  (minutes to Concord, Martinez, Walnut Creek, Danville etc… all points E-W-N & S…

If you know someone who might love this nice unit… let me know asap at isiwu@comcast.net or better yet call me at 925.997.2426 or if you’re a realtor please check MLS#40614945… Thanks Very Much Everyone…

Coming Very Soon!!…

HELLLLOOOOOO My Wonderful Beautiful Very Wet Outside Bay Area… Rain is Good, Rain is Good… Am so enjoying staying in and catching up on much needed computer work… yes realtors dont just sell properties we also use and work  on our computers LOL> LOL…
Today I have a heads up for all of you…  
COMING VERY SOON TO MARKET… 
A Gorgeous, Spacious Bi-Level Home  located in
“Distinguished Castro Valley Schools” on a quiet – private street…
3 Bedrooms – 2 Large Baths
2,364 sq.ft.  interior – 5,029 sq.ft. lot
( Huge Master Suite with Adjoining Office & Master Bath upper floor)
List of Amenities & Upgrades are too much to list…
(will forward to you upon request)
Move In Ready!!
Must see to appreciate… you will Love This One!!… 
Feel free to contact me for more information…

 

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Buying a Condo in Berkeley or Oakland…

  
  
 
 
 
HELLLLOOOOO My Wonderful, Beautiful Bay Area!!… Good Day to you… today I have another question and answer regarding buying  a condo in Berkeley or Oakland, CA… I hope my response is helpful for any of you who may be considering a purchase no matter what the price range or location…
  
Question… Where is a good place to look for a condo in Oakland or Berkeley for less than $300,000??
I would like to be in an area close to BART (preferably walking distance), reasonably quiet but has lots of places to walk to (and where I will feel safe walking around), and will be in an up-and-coming neighborhood as far as property value. I do not want a fixer-upper.
 
I’ve seen some places in the Adam’s Point, Uptown, Jack London Square, Harrison St.,and Downtown areas that look good on paper at least, but I don’t know too much about them. Any advice?
asked by Krabappel… Just looking…94117
 

 

BEST ANSWER

Hello… These days its very possible to purchase a nice little place with the parameters you’ve listed… the areas you listed are some of the more popular areas to purchase in but not necessarily the only areas… when you look in the more desired areas you may end up in multiple offer situations (especially in the price point you’re looking at)…as well as other things to consider…Price points are naturally key but not the only criteria you should consider… you didnt mention how many bedroom/baths/sq.ft. you require… First and foremost I would suggest getting pre-approved for a loan before you do any looking… feel free to contact me if you’d to discuss your options further…
Cheers…
Isi

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One Light Bulb at a Time

Foto einer Glühbirne (an),

Good Day my Wonderful Beautiful Bay Area!!…          A physics teacher in high school, once told the students that while one grasshopper on the railroad tracks wouldn’t slow a train very much, a billion of them would. With that thought in mind, read the following, obviously written by a good American ….Good idea … One light bulb at a time . . .

Check this out . I can verify this because I was in Lowes the other day for some reason and just for the heck of it I was looking at the hose attachments . They were all made in China.
The next day I was inAce Hardware and just for the heck of it I checked the hose attachments there. They were made in USA . Start looking …

In our current economic situation, every little thing we buy or do affects someone else – even their job . So,after reading this email, I think this lady is on the right track . Let’s get behind her!

My grandson likes Hershey’s candy . I noticed, though, that it is marked made in Mexico now.. I do not buy it any more.
My favorite toothpaste Colgate is made in Mexico …Now I have switched to Crest. You have to read the labels on everything ..

 This past weekend I was at Kroger. I needed 60 W light bulbs and Bounce dryer sheets . I was in
 the light bulb aisle, and right next to the GE brand I normally buy was an off-brand labeled, “Everyday Value” I picked up both types of bulbs and compared the stats – they were the same except for the price ..
The GE bulbs were more money than the Everyday Value brand but the thing that surprised me the most was the fact that GE was made in MEXICO and the Everyday Value brand was made in – get ready for this – the USA in a company in Cleveland, Ohio…

 So throw out the myth that you cannot find products you use every day that are made right here ..

 On to another aisle – Bounce Dryer Sheets . .. .Yep, you guessed it, bounce cost more money and is made in Canada . The Everyday Value brand was less money and MADE IN THE USA ! I did laundry yesterday and the dryer sheets performed just like the Bounce Free I have been using  for years and at almost half the price!

My challenge to you is to start reading the labels when you shop for everyday things and see what you can find that is made in the USA – the job you save may be our own or your neighbors!

If you accept the challenge, pass this on to others in your address book so we can all start buying American, one light bulb at a time! Stop buying from overseas companies!

(We should have awakened a decade ago .. . .. . . . )

Let’s get with the program . . . .. Help our fellow Americans keep their jobs and create more jobs here in the U . S . A ..

I passed this on ………. Will you ???????

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YEAR OF THE TIGER… Happy Chinese New Year… Gung Xi Fa Csai

Good Good Day to My Wonderful Beautiful Bay Area….

We have a double whammy to have a bright day today… Its a Day to Love and Be Loved and its the beginning of the Year of the Tiger!!…  The Chinese celebrate each new lunar year with an animal sign… 12 animals in all… every 12 years the same animal is welcomed for that year… there’s much meaning and celebration, optimism, hope and remembrance of the past… its a very exciting time for those whose birthdays falls within that year’s animal sign…

The Tiger is my sign… I’m very excited that its my year this year! its been 12 long years since it was the Year of the Tiger…  to make it memorable I had an opportunity to travel to the Kanchanaburi Province in Thailand and visit the Tiger Temple and commemorate this year with a foto with a Tiger!!!!!…   Very Very Special… Hope you enjoy this foto… and Enjoy this New Year along with other Tigers and myself… What sign are you?? Gung Xi Fa Csai!!… Gung Xi Gung Xi… Happy Chinese New Year to All…

Thanks for checking in… Your comments are always welcome!

Isi

Isi Wu… the realtor for you