Bernie Heyne's Real Estate Blog

I’m finding it more difficult to find single story homes for my buyer’s. When they do come on the market they get sold right away…even the Short Sale homes.

Come join us at the 1st Annual Business Expo at the Ripon Cummunity Center located at 344 West 4th Street, Ripon, CA. on April 14th from 3 PM to 7 PM.  The admission is free and you will have a chance to win…prizes and giveaways!  REALTY WORLD – Hometown Associates will have a booth and will be available to answer questions regarding the housing market, to discuss options with homeowners having trouble making their mortgage payments and show how our company can effectively market your property on over 550 portals around the world!  We look forward to seeing you there!!

I’m thrilled to be relocating REALTY WORLD – Hometown Associates to Ripon, California.  Ripon is such a nice small city located in the Central Valley of California between Modesto and Manteca.  The office will open by mid-April in the Save Mart shopping center on the east side of Hwy 99 and the Jack Tone off ramp.

Our agents will be contacting as many homeowners in the greater Ripon market to show what REALTY WORLD – Hometown Associates can do to advise and help direct in your decision to buy, sell or invest!  Thank you for welcoming us to your community!!

Effective January 1, 2011 the new law sets forth the protection that homeowners have regarding the sale of residential property (1 to 4 units)…meaning a single home to a four-plex, wherein the property is being sold for less than the outstanding loan amount.  I would be happy to email you a copy of SB 931.  I would recommend that you contact your financial advisor (CPA/Attorney) for professional and qualified advice!  I would also be happy to meet with you to discuss your options after a review of your financial situation!  I welcome your input!!

I know that many of you have been watching the housing market to take advantage of others loses.  Well, we have seen the prices drop to levels not seen for 15 years, and interest rates during that period were in the 8% to 9% range!  During that period of time homes could be built and sold for about the same price…actually in most cases able to buy a nicer home with upgraded features!

Todays resale homes, including bank owned properties and short sale transaction (meaning the lender is accepting a lower payoff to facilitate a sale of a home that the current owner can’t afford any longer), are being sold at less than what it cost to build a similar home on the same lot size and geogrphic area.

However, this is what I see!  Many homebuyers have been trying to buy these homes and are finding that they are participating in a bidding structure with other buyers.  After a couple of times trying to buy the home they decided was the one that would fit the needs of their family and could visualize their furniture in the home, the kids playing in a secure backyard and in the school district of their choice, they received word from their Realtor “I’m sorry, the bank accepted another better offer”  How many times can you fall in love with the biggest investment that you will probably make in your life and have to unwind your emotions?