Wow, its tough out there for a ‘regular’ seller.  What is a regular seller?  Its one that isn’t a short sale, isn’t a REO and isn’t in distress.  They just need, or want, to move now.  Most areas have some serious competition from distressed sellers and the prices are getting lower and lower on those.  I know that when we price our short sales, if priced “right” we get offers, and often multiple offers.   Sometimes it almost seems like an invisible line in the sand.  We can’t see it.. but what will make a buyer react?  We had a home priced at 399k.  Nothing happened.  Few showings, no offers, nothing.  We dropped to 350k and got 3 offers in a week.   Same thing with another.  Priced at 499k, nothing happening until we dropped the price to 450k and got 2 offers in a week.   Larger price drops are becoming the norm.  Dropping your price just 1% or even 5% is hardly making buyers take notice now.  Here’s one reason why:  The median price for bank owned homes is 24% LESS than the median home sales price. 

Take a look at this graph from Trulia:  http://images.trulia.com/resources/Trulia_Trends_Report-February_2008.pdf

Says alot doesn’t it?  Its a vicious cycle.  Why would you pay upwards of 25% more on a house when one down the street is so much cheaper?  For most, you wouldn’t.  So it almost makes the regular listings “unsaleable.”  If you don’t have to sell now, perhaps rethink it.   There are so many agents listing short sales now that simply don’t know what it takes to get a short sale approved with the bank(s), that makes those almost unsaleable.  And agents are getting gun-shy at even showing short sale listings.  But in the hands of the right listing agent, and the right negotiation team a short sale can be an excellent opportunity for the right (patient) buyer.    If you have to sell a home that you owe more than the home is worth in today’s market, call us.  If you are upside down, call us for your options.

We are foreclosure avoidance specialists.  We can help you with a short sale, or refer you to someone who can help with a loan modification or information about deeds in lieu of foreclosure. 

Catherine Myers
Contra Costa Real Estate and Walnut Creek, Concord Homes for Sale
925-683-2125

Terry Osburn
Pawsitive Real Estate and Homes for Sale in Contra Costa
925-381-9944

Homes for sale!   What an array we have. Contact us if you’re looking for a new home and would like to explore your options with purchasing a short sale or even an REO/bank owned, distressed property.  Some excellent first time buyer or investment opportunities here!  Call us or email for photos, appointments to view and for more information about these listings.

Pre-Foreclosure Properties

2141 No Donovan Way, San Ramon / 4 bedroom, 2.5 bath $665,000

636 Filbert Ct, San Ramon / 3 bedroom, 2 bath COMING SOON

1789 Tice Valley Rd, Walnut Creek / 2 bedroom, 2.5 bath $450,000

4621 Shannondale Drive, Antioch / 4 bedroom, 2.5 bath $350,000

1149 Victory Lane, Concord/ 2 bedroom, 1.5 bath $298,000

2455 Carpinteria Drive, Antioch / 4 bedroom, 3 bath $298,000

 2716 Oak Road, Walnut Creek / 1 bedroom, 1 bath $210,000

1067 Mohr Lane, Concord / 2 bedroom, 1.5 bath $148,000

1053 Mohr Lane, Concord / 2 bedroom, 1.5 bath $148,000

 Also available, but not short sales or distressed:

293 Foulkstone Way, Vallejo / 4 bedroom, 3 bath $580,000

2412 Geraldine Drive, Pleasant Hill / 3+ bedroom, 2.5 bath $550,000

3678 Joan Avenue, Concord / 3 bedroom, 2.5 bath $439,900

1336 Viva Lane, Concord / 3 bedroom, 1 bath $389,000

Plus two mobile homes:

Pacheco / 2 bedroom, 2 bath $95,000

Pacheco / 2 bedroom, 2 bath $79,900

Contact Catherine Myers, REALTOR or Terry Osburn, BROKER for information about these listings or if you’re interested in buying a pre-foreclosure or bank owned home.

http://contracostashortsales.wordpress.com

Your local short sale, distressed property and pre-foreclosure resource on the web.  Serving Contra Costa County; Walnut Creek, Concord, San Ramon, Antioch, Brentwood, Clayton, Pleasant Hill, Martinez, Pacheco

Buyers, check out our Short Sale Listing page for our latest and greatest listings.  We have a couple new listings you may love and are an excellent opportunity. 

1. A rare large lot with pool, lush lawn, backyard paradise in Antioch – we are priced at 399,000 .  Needs bank approval, but package is submitted and ready for an offer. Look for updates on our Short Sale Listing page.
2. Newer home in popular Windemere in San Ramon.  Have it all in one of the newest master planned communities in Contra Costa.  All the upgrades (i.e. granite), private yard, absolutely lovely home will be priced in the low 700’s.  Walk to Hidden Hills Elementary. 

Photos available soon.

Home buyers: Looking to buy now? Looking to jump into buying a foreclosure or short sale? Contact Catherine Myers 925-683-2125 or Terry Osburn 925-381-9944 to see one of these homes or to explore other short sale, REO or pre-foreclosure opportunity homes. We can help you buy and have the experience you need with the banks.

Check out these short sales, but hurry, time is of the essence in getting a deal submitted to the banks.  Call us to see the homes, and we can help you structure a deal that may work! 

4057 Galenez Way, Antioch
4 bedroom, 2.5 bath, 2208 square feet
7 years NEW! Deer Valley area near everything.
Granite kitchen, designer touches, former MODEL home
SHORT SALE subject to bank approval
Offered at $449,000

4308 Rose Lane, Concord, 94518
3 bedroom, 2 bath, 1590 square feet
Your own mini-estate with circular drive, backyard paradise with pool, spa, BBQ
Gorgeous home with a ton of NEW features, updates and upgrades thru-out
SHORT SALE possible, with bank approval needed
Offered at $649,000

1 Lancaster Circle #203, Bay Point
2 bedroom, 2 bath, 884 square feet
Upper unit with balcony, fireplace and updated kitchen
Great commute location, seconds to BART and freeway
Offered at  $170,000

Coming soon!

GORGEOUS urban loft style townhome in Walnut Creek off Tice Valley Road!  Coming after the first of the year! 2 bedroom, 2. 5 bath, 2 car garage, fireplace, 2 balconies.

Catherine Myers

Terry Osburn

Find your local short sale expert serving Walnut Creek, Concord, Clayton, Pleasant Hill, Martinez, Lafayette, Antioch, Bay Point, Pittsburg and surrounding Contra Costa County areas.  Get a referral for a mortgage expert, tax advice and legal questions.

Contra Costa Short Sales