Moving is definitely among the top of the all-time stress inducing life events. Stress can be compounded when you are selling one home, buying another one and planning a move... all at the same time! It might seem obvious, but the number one decision you can make to reduces stress is to choose a professional real estate agent who understands the buying AND selling process.
Whether you are buying or selling (or both) in Stockton or the Central Valley, the Bay Area, Sacramento County or even out of state, give me call or contact me through my website (Christine Papworth The Real Estate Doctor) and let's talk. My team and I can help you buy and/or sell your home or if you are moving to our selling out of the area, we can connect you with a professional real estate agent through our international network of agents who work with the same ethics and standards we do.
Buying? Selling? Relocating? Let's talk!
Showing posts with label stockton real estate. Show all posts
Showing posts with label stockton real estate. Show all posts
Friday, February 15, 2013
Wednesday, February 13, 2013
Why I Love Real Estate
WOW! This email was a nice surprise to open. Thanks so much Rosalie!
Through the good times and tough times of our economy I know how to get things done for my clients. I am honored to work with an amazing team of agents and staff. I am honored to work for my clients, some of who had lost hope that anything could be done to help them avoid foreclosure. I am excited for my future clients I will have the opportunity to help sell their home for top dollar, buy their home at the best price, or avoid foreclosure through a short sale. I am passionate about what my team and I do and I look forward to many more years of making a positive difference in real estate in Stockton, San Joaquin County and beyond!
For now, be well and be sure to let me know how I can help you today!
Christine Papworth The Real Estate Doctor
"Sincere congratulations on your fabulous website and range of services. Just to let you know you are being watched and appreciated. Love to see folks who are energetic and productive and have worked through many cycles of our industry. My fortieth anniversary on the Board is 2014. Keep calm and carry on!"
Rosalie McCloud, Broker AssociateThrough over 36 years as a real estate agent I have definitely worked through many cycles of the real estate industry. I have been through the highs and lows of the market as well as volatile times, markets that favor sellers and markets that favor buyers.
Keller Williams Peninsula Estates
Through the good times and tough times of our economy I know how to get things done for my clients. I am honored to work with an amazing team of agents and staff. I am honored to work for my clients, some of who had lost hope that anything could be done to help them avoid foreclosure. I am excited for my future clients I will have the opportunity to help sell their home for top dollar, buy their home at the best price, or avoid foreclosure through a short sale. I am passionate about what my team and I do and I look forward to many more years of making a positive difference in real estate in Stockton, San Joaquin County and beyond!
For now, be well and be sure to let me know how I can help you today!
Christine Papworth The Real Estate Doctor
Wednesday, February 6, 2013
Stop Foreclosure Clinic on March 9, 2013 in Modesto, CA
You're invited to my Stop Foreclosure Clinic in Modesto, CA on Saturday, March 9, 2013 at 1pm. Watch the introduction/instructional video below and then go to my website, Christine Papworth, The Real Estate Doctor's Stop Foreclosure Clinic in Modesto, to register.
Stop Forelcosure Clinic in Modesto, CA
Monday, February 4, 2013
Stop Foreclosure Clinic on March 23, 2013 in Tracy, CA
You're invited to my Stop Foreclosure Clinic in Tracy, CA on March 23, 2013 at 1pm. Watch the introduction/instructional video above and then go to my website, Christine Papworth, The Real Estate Doctor's Stop Foreclosure Clinic in Tracy, to register.
Friday, February 1, 2013
How To Buy A House In A Seller’s Market by Christine Papworth The Real Estate Doctor
One of my friends referred me a young man who had excitedly reported to her that he had just been approved for a VA loan of up to $150,000 to purchase his first home. He was already frustrated because he couldn't get any agents to show him “foreclosed on homes or short sales”. I called him back immediately.
Here’s how the conversation went:
Me: I am so excited for you, John (names are changed to protect the innocent).
John: Thanks, but I can’t get anyone work to with me?
Me: I will work with you, with some conditions. May I explain?
John: Please do!
Me: There are a few things we need to discuss:
Me: First, it’s a huge seller’s market. That means there is little to no inventory and multiple offers on everything within days…sometimes hours of the homes hitting the market. VA is a fine way to purchase, but you’ll be competing with cash offers and people bidding over list price.
(Me) Do you have your own money or are you expecting the seller to pay all of your closing costs?
John: My lender told me I needed no monies of my own.
Me: I can sometimes get the seller/lender to pay up to 3% but you will need 3-4% more ($4500-$5500). If you cannot come up with that your chances of winning on a home bid are slim to none. Can you find that much money soon?
John: Yes, I think I can get my Dad to help.
Me: Great! This is a must. Your Dad can gift it to you and I’ll need an appropriate gift letter and proof of his funds before we can look at property, ok?
John: Ok, I’ll find out this weekend.
Me: Super, you passed the first test! Now, because you can qualify for only $150,000 and everything is in an overbid situation, we will look at homes in the 120-130 range so when the bids fly we can still get one for you, ok? That means you may have to lower your expectations of what you will get. Okay? Also, when we bid I will expect you to follow my lead on how to do this. We will be bidding at list price or over. Okay with you?
John: Wow! Really? Well, if I will be able to get a home, then, yes, I will follow your lead.
Me: John, I understand this feels weird, but this is how we have to do it in this market. I promise to not let you do anything I think will hurt you or be ridiculous. I will tell you when it’s not worth it to go higher, even if others are. And, you can work with someone else, too, if you’re not comfortable with this scenario. No harm; no foul, okay with you?
John: Yes…I’m good with this.
Me: Okay, great! Since you are in the most in-demand price range, I would suggest that we focus on several agents and my own listings so you have a chance. That will reduce the stress. If we something spectacular pop up, however, we’ll go after it.
You may not see many homes and you will probably make offers on almost every one we do see…if you like it at all. Okay?
John: okay
Me: Also, VA requires reports and clearances that other lenders don’t require. Most of these distressed properties are sold in as is condition so you may have to do required repairs yourself. Are you good at construction stuff? Do you know people who are? The less we ask of the seller the better chance we have. Can we do this?
John: Yes
Me: Great! All we need now then is to get your lender letter, verify the conditions of approval and get your gift for proof of funds and we’ll go find you a home!
As you can see, full disclosure to a buyer is very important. There is no point in me promising a buyer I can help them if they don’t understand the market and what it takes. This will end up in a win-win for all.
If you’re looking to buy….call my buyer’s specialists at 209-823-4722.
Here’s how the conversation went:
Me: I am so excited for you, John (names are changed to protect the innocent).
John: Thanks, but I can’t get anyone work to with me?
Me: I will work with you, with some conditions. May I explain?
John: Please do!
Me: There are a few things we need to discuss:
1. How the market works right now and why.John: Ok, Let’s go!
2. What the process will be and if you’re willing to be obedient to that process or not.
3. Who your lender is and how we will work with them
4. If you’re okay with all of that, then we’ll go find you a house, ok?
Me: First, it’s a huge seller’s market. That means there is little to no inventory and multiple offers on everything within days…sometimes hours of the homes hitting the market. VA is a fine way to purchase, but you’ll be competing with cash offers and people bidding over list price.
(Me) Do you have your own money or are you expecting the seller to pay all of your closing costs?
John: My lender told me I needed no monies of my own.
Me: I can sometimes get the seller/lender to pay up to 3% but you will need 3-4% more ($4500-$5500). If you cannot come up with that your chances of winning on a home bid are slim to none. Can you find that much money soon?
John: Yes, I think I can get my Dad to help.
Me: Great! This is a must. Your Dad can gift it to you and I’ll need an appropriate gift letter and proof of his funds before we can look at property, ok?
John: Ok, I’ll find out this weekend.
Me: Super, you passed the first test! Now, because you can qualify for only $150,000 and everything is in an overbid situation, we will look at homes in the 120-130 range so when the bids fly we can still get one for you, ok? That means you may have to lower your expectations of what you will get. Okay? Also, when we bid I will expect you to follow my lead on how to do this. We will be bidding at list price or over. Okay with you?
John: Wow! Really? Well, if I will be able to get a home, then, yes, I will follow your lead.
Me: John, I understand this feels weird, but this is how we have to do it in this market. I promise to not let you do anything I think will hurt you or be ridiculous. I will tell you when it’s not worth it to go higher, even if others are. And, you can work with someone else, too, if you’re not comfortable with this scenario. No harm; no foul, okay with you?
John: Yes…I’m good with this.
Me: Okay, great! Since you are in the most in-demand price range, I would suggest that we focus on several agents and my own listings so you have a chance. That will reduce the stress. If we something spectacular pop up, however, we’ll go after it.
You may not see many homes and you will probably make offers on almost every one we do see…if you like it at all. Okay?
John: okay
Me: Also, VA requires reports and clearances that other lenders don’t require. Most of these distressed properties are sold in as is condition so you may have to do required repairs yourself. Are you good at construction stuff? Do you know people who are? The less we ask of the seller the better chance we have. Can we do this?
John: Yes
Me: Great! All we need now then is to get your lender letter, verify the conditions of approval and get your gift for proof of funds and we’ll go find you a home!
As you can see, full disclosure to a buyer is very important. There is no point in me promising a buyer I can help them if they don’t understand the market and what it takes. This will end up in a win-win for all.
If you’re looking to buy….call my buyer’s specialists at 209-823-4722.
Saturday, January 26, 2013
Stop Foreclosure Clinic on March 2nd - You're Invited!
I hope you are enjoying this beautiful day! I wanted to take a minute to personally invite you to my Stop Foreclosure Clinic on March 2, 2013. Here's a little video I made with the details. After you watch it, you can go to my website at http://www.TheRealEstateDr.com to register. It's free! I can't wait to meet you there!
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