Area Pro Realty Bay Area Villas invites everyone to an OPEN HOUSE PARTY on SATURDAY OCT. 22 from 1:00 to 4:00 pm Come on out and see this ‎2 Bed/1 Bath/ Large 7200 Sq.Ft Lot Cottage-Style Home at 1506 Noia Ave. Antioch. The listing Price is just $87,888     (Great Price + a little TLC = Great Opportunity)  Call Mike with Area Pro Realty Bay Area Villas at (925) 550-9194 For more info click http://idxpro.cisdata.net/AR419020/Search/details/?mls_id=CA-MAX&mls_no=40538086&from=email Looking for something different? visit http://www.michaelroache.areaprorealty.com or http://www.michaelroache.bayeastweb.com     Now there is twice as much fun with IDX IDX = Happy,Home,Hunting,Online (IDX=H3O) 10/20/2011

Antioch California Real Estate Investors - What Do Water and Real Estate Investments have in common? Well there are three things they have in Common: They can both Slip through your fingers.  If you are not prepared to move Real Estate Investments can disappear.  When a good one comes along jump on it. Sometimes they are hard to find without the right help.  Work with a good Realtor to find the right Real Estate Investment for you.  Water and Real Estate Investment (Cash) will all flow to a common point.  This 3rd point is the primary point of this post.  Water flows down hill, it follows the path of least resistance, and it gathers at the lowest point.  Real Estate Investors all look for the most profitable Real Estate Investments, they want to make the most money with the least amount... 10/19/2011

REO Trash Out - Lessons Learned Awhile back I got a new REO listing. It evolved from a Short Sale Listing I had. You can read all about it from some of my past blogs, especially related to Squatters. Never a dull moment, it seems. I met the guys from Junk King at the property today. I had a 2 hour window with them. 1 to 3pm. Of course they got there at 2:45pm. What a day to hang out in Antioch, CA. The temp was kind of chilly in SF today, in the 60's. In Antioch it was 85 on the car outside temp. Good thing the house had been closed up, so it was still cool inside. I have to give them credit, they did a good job and came in with a price of $480 for 3/4 truck full, when they had estimated 2/3. So gave me a discount. Total price was $438. Their delay in arriving took up all my afternoon. ... 10/18/2011

  Antioch CA – In our blog post a few days ago, we talked about a first and second mortgage that both wanted more money out of the deal. The problem was they were asking for it at the other’s expense. In a sense, we had two monkeys with their hand in the same cookie jar. Neither could get their hand out without the other’s cooperation. So, you have an impasse until someone gives in. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here is what happens if both parties stubbornly refuse to compromise. The first mortgage forecloses on the house and sells it as a bank owned property. They get the full value of whatever the house sells for. The second mortgage gets zero! Yep, that’s right. Because they are a second mortgage, their right to the ... 10/17/2011

Antioch CA – Many people are embarrassed that they are short selling their house. They feel like they are somehow being dishonest or shady. Neither one of those is true. A lot of the people short selling today never had a blemish in their credit. They lived perfect, responsible financial lives. Then the real estate market crashed and left them owing way more than their home was worth. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. For years everyone had told them that couldn’t happen. Many of those people also lost their job for the first time in their life. You must remember, you are not alone. We are seeing as many short sales in the upper income brackets as the lower income brackets. I will not be judgmental when you short sell with m... 10/16/2011

Antioch CA – Are you looking for a Antioch CA Realtor that specializes in short sales. It is important that you pick the right agent. Many agents turn down short sale listings because they are unfamiliar with the process. These transactions are much more difficult and complicated than your average real estate transaction. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Because of the foreclosure process, you usually only have one chance at a short sale. If your first agent isn’t competent, then you risk losing your house to foreclosure. Then you have to wait another 5-7 years to buy your next house. First, ask the agent you are interviewing why they qualify to help you. Do they have any special short sale training or designations? Many ag... 10/13/2011

The Most Profitable Minute In Real Estate! I am Not Smooth, I am Not Pretty - But the Money is Really Sexy! Watch this 60 Second Video (or read the Text Summary Below).  Then Call me at 925-260-4321! You Should Also Request My Free Book on Real Estate Investing! Right now I am working with a lot of buyers on the hottest thing in Real Estate - Investing. My clients are buying homes with CAP Rates of 14% or more and a Return on Investment of over 15%!  Not only that they are getting these homes with fixed 30 year loans.   Most of their cost are now fixed, but rents and property values will go up over the years.  Real Estate is the absolute best investment anyone could make right now. It is even possible to get some of these investment properties with only 10% down; in which case in some s... 10/12/2011

Antioch CA – The Stop Foreclosure Institute recently received a question from another agent named Bonnie. Here was her question. “On my short sale, the first mortgage gave me a price and a net they would allow. The title company put together the closing documents and paid the first more than the minimum net they needed. Then, I offered the second mortgage what ended up being 12% of their loan. They are owed 76K, I offered 9600. Here is the problem. Now, they want 15K and are saying that is their final offer. I do not think the first will allow them to receive that much. The first is HSBC. Do you have any suggestions on this one? What would have been a better approach…offer to the 2nd on a different HUD a smaller amount to start? I used the same HUD to present to both, getting the first... 10/12/2011

Squatters in the House! Police were called. I have an REO listing in Antioch, CA, not quite on market yet. I've been working with the former owner so he can get the last of his belongings out of the house first. The bank has been cooperating. A week ago, the 'owner' was at the house on Sunday, moving more of his stuff out. Stayed till 7pm. The next day he came back at 8am to find the garage door jammed down on a sofa in the GARAGE door. The house was without electricity, so it was probably related to that. The garage door had locked and couldn't be moved from the outside. This happened at 2am, and some of the neighbors saw it. Don't know why the squatters left so abruptly. There was more stuff in the garage, and on the front porch ( front porch all kid's stuff...8-(. The 'owner' pushed ... 10/11/2011

Antioch CA – The Stop Foreclosure Institute recently received a question from another agent named Beckie. Here was her question. I have been waiting on my lender to approvce or deny my short sale for 7 months. We finally received an answer last week in form of a counter offer to the price. The buyer was offering to pay $315,000. The lender countered at $345,000. The buyer is not willing to pay any more than $315,000. My agent told him that he will try my best to negotiate at that price. Before my agent could send the comps to the lender, the lender ordered an appraisal. My agent tells me that my property is worth more than $315k, but less than $345k. So, we put the home back on the market just to prove to the lender that at that price there may be no bites. We were mistaken. We receive... 10/10/2011

Area Pro Realty Bay Area Villas invites you to an OPEN HOUSE SUNDAY OCT. 9 from 1:00 to 4:00 pm Come on out and see this ‎2 Bed/1 Bath/ Large 7200 Sq.Ft Lot Cottage-Style Home at 1506 Noia Ave. Antioch. The listing Price is just $87,888     (Great Home + Great Price=Great Opportunity) You alway's wanted to own Income Property, well now is your chance!! Call Mike with Area Pro Realty Bay Area Villas at (925) 550-9194 for more info. Looking for something different? visit http://www.michaelroache.areaprorealty.com or http://www.michaelroache.bayeastweb.com                                You'll have twice as much fun with IDX IDX = Happy,Home,Hunting,Online (IDX=H3O)   10/09/2011

Why Now is the Time to Buy an Antioch Investment Property! We all understand that now is a great time to buy a home for first time home buyers and move up buyers as prices are low and interest rates are low.  But this is a particularly Good Time to Buy Investment Properties. Here are some reasons why: Prices and Interest Rates may be low but rents are still up holding steady.  You can by an investment property now and have an immediate positive cash flow. The Cap Rates on Investment Properties are frequently well over 10%. Return on Investments (or Rate of Return) are also running very good, sometime over 15%. There are some Investment Properties you can get with a mere 10% down.  Do you know why it is more profitable to use a smaller down payment? Click Here to Get the Free Book of Rea... 10/06/2011

  Pittsburg CA – The biggest threat to your short sale is a high appraisal. Which is why your agent needs to make sure the appraisal is accurate. Here is the process your agent needs to follow to ensure an accurate appraisal. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. The person doing the appraisal doesn’t understand why the home is selling for a specific sales price. They don’t understand why buyers are only willing to pay X. That is why your agent must explain that to them. First, your agent should always meet them at the property and bring a detailed Comparable Market Analysis (CMA) with them. The CMA should include at least 3-5 comparable sold homes, 2-3 comparable homes currently under contact, and 3-5 active competing homes cur... 10/06/2011

10/05/2011

Area Pro Realty Bay Area Villas invites you to an OPEN HOUSE SUNDAY OCT. 9 from 1:00 to 4:00 pm Come on out and see this ‎2 Bed/1 Bath/ Large 7200 Sq.Ft Lot Cottage-Style Home at 1506 Noia Ave. Antioch. The listing Price is just $87,888     (Great Home + Great Price=Great Opportunity) You alway's wanted to own Income Property, well now is your chance!! Call Mike with Area Pro Realty Bay Area Villas at (925) 550-9194 for more info. Looking for something different? visit http://www.michaelroache.areaprorealty.com with IDX and also now at http://www.michaelroache.bayeastweb.com  IDX = Happy,Home,Hunting,Online (IDX=H3O)   09/27/2011

The Long Term Housing Market in Antioch Ca People often express concern about the Long Term Housing Market when Buying a Home.  They understand that prices are at an amazing low, but they are scared they are going to go lower.  I have heard these fears for years. Well today I was going over some old Post, including some market reports and I came across this Housing Market Report from July 2009.   Price Per SF was at $103.00 in June, up from $102.00 in May of 2009. So now about 2 years latter what is the Housing Market at in Antioch Ca?  In August the average price per SF was $100.00 and in July it was $101.00. Yes on the surface it is down a little.  These trends have been going up a little and down a little for the last 3 years.  Within the Antioch Ca Housing Market there are all sorts... 09/25/2011

Antioch California - The Major Shift in the Bank Owned Home Market A few weeks a go I wrote about Investment Properties in the 94509 Zip Code of Antioch (a popular area for investors). I talked about one shift happening in the market with Bank Owned Homes being out numbered by Short Sales and Traditional Sales; but there is another dynamic Shift going on! The New Shift in Bank Owned Homes is who is Selling the Bank Owned Homes. Now it is hard to put together a list of exactly who is selling what as there is no one simply column or search that provides that information.  But we can get numbers on Bank Owned Home sales easily.  Then taking those numbers we can do Key Word Searches and check a couple other places and get some fairly decent numbers. There is a dramatic increase in the numbe... 09/23/2011

Patelco Credit Union Denies CA Short Sale No, I'm NOT an Active Rain Junkie. I just can't sleep. I went to bed tonight at 10:30pm, but I woke up at 1:30am. This is on my mind and I can't make it stop. I have to write about it. It's now 2:30am, so here goes. I submitted a short sale package to Patelco Credit Union a month ago for a Short Sale in Antioch, CA. They promised a response in 10 to 15 business days. I got that response today at 6:05pm via email from the Short Sale/REO Administrator. I'll include her response from the email as well as the email history at the end of this post. My client is in the midst of a divorce, what better reason for a short sale!!?? His father is disabled from a stroke, and his mother who was free from breast cancer is seeing a recurrence. The two grown ch... 09/20/2011

Women's Softball League - Antioch Ca Antioch Ca has some nice softball fields and there are softball leagues running almost every night.  Most of them are men's leagues and there is a mixed league on Tuesdays. However, Monday night belongs to the Women's Softball League.  The games are fast and friendly; with game time of 55 minutes.  This fall they have 8 teams in one division.  Sometimes they run A and B Divisions. My Favorite Catcher!  Dineen Riemenschneider!   My wife plays catcher on the Sister Chicks Too!  The Sister Chicks was a team started at our church and it got so big they started another team - Sister Chicks Too! Dineen has pitched some and played first base too.  She was a catcher on her High School team. If you are interested in Women's Softball get a team together or let... 09/19/2011

Real Estate Investments in Antioch Ca - What Rent can I expect? When looking at Real Estate Investments in Antioch Ca it is hard to say exactly What Rent You Can Expect.  There are many variables that drive the rental market and as Realtors we can look at the Rental Market on the MLS but many Rentals never come onto the MLS. There are many variables from house to house.  Just like buying they include condition, location, and many other factors - such as the ability of the Rentor to Pay. Right now I can tell you the Rental Market is Hot.  People are loosing homes and need somewhere to live while recovering their credit.  Many of these people are perfectly capable of making a rent payment even if their credit is shot.  The rent payment in many cases is far less than the mortgage for the h... 09/11/2011