Jilly, Both Buyer and Seller in Morro Bay, CA

I have a home for sale in Beautiful Morro Bay and want to buy a home in my hometown of Huntington Beach..Why?

Asked by Jilly, Morro Bay, CA Sun Feb 8, 2009

don't those of us selling and buying a home, agree to ignore the bank repos and buy a regular home. If we all promise this, then maybe we can all sell our homes, that are just sitting at great low prices. I feel like a hypocrite even looking at Bank repos.. And they are not that cheap. I know 5 people at my church who have been trying for a year and keep losing out. One of them ended up costing more then a regular nice home and it was a fixer.. So lets all start buying and selling each others homes and forget the repos, that have caused us all so much anguish. Some of us did not buy over our heads, we just need to move on for work or family reasons..God help us all... AMEN

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6
Jilly,

A Thumbs up to Shel-lee. When selling a home in this market your realtor has to be a marketing compnay more than just a sellsman. Make sure the listing has the maximum number of pictures the MLS allows and that there are descriptions under those pictures that capture the warmth and special characteristics of your home. De-clutter or stage your home. I know when you are still living in your home it is hard to have it picture purfect all the time, but you never know which showing will be that one that brings an offer. Since you are going to be moving anyway, go ahead and pack up all the personal items that might detract from a buyer's being able to imagine their things in the home. Some movers will provide free storage of these items with a commitment to us them when you do move. I know your current REALTOR has probably suggested these things and I hope you have followed his advice. I know I have been showing many more listings that are not bank owned or short sales. The price differential when all things are considered is not as great as it used to be.

Bill M Godwin
949-606-5669
First Team Real Estate
Bill@BillMGodwin.com
Web Reference: http://www.BillMGodwin.com
1 vote Thank Flag Link Mon Feb 9, 2009
Jilly:

As a homeowner and real estate professional, I feel your pain. Your realtor should be capitalizing on the fact that buyers of your home are dealing directly with the home owner. Many of my buyers have opted for this for the following reasons:
1. The home owner knows their home and will provide full and complete disclosures. This alone can save you thousands of dollars.
2. Quick closings are possible. One of my client who wanted to own by the end of 2008 found their home on December 17, 2008. Even with the Christmas holiday, which resulted in reduced staffing and days of office closings (for instance our lender was closed Christmas Eve, Christmas Day and the day after Christmas), with everyone working together they recorded on December 31, 2008 and achieved their goal. This would NEVER happen with a bank owned or short sale property.
3. The home has been lovingly cared for. Owners do not remove the granite counter tops or strip the copper wire before moving out. You get a complete and well maintained home.
4. If something is not working or needs repairs, the owner will let you know. You can negotiate on the deal breakers and be grateful for the knowledge of the things you will need to address when you move in. On REOs, you buy with "all the warts and pimples".
5. The energy in the home is much more positive. To those who are sensitive to energies, this is a HUGE selling point. There is a definite difference between the energy in a home filled with a loving family and a home where a family was kicked out against their will.
6. You have access to repair histories, owner's manuals, keys that fit all doors, and garage door openers. This, again is a huge dollar savings in the first few months of ownership.

I could go on and on, but I am sure you get the point. Have your Realtor market to HOME buyers, not HOUSE buyers. People who are looking for a HOME will be more sensitive to the factors illustrated above, and may even pay a few thousand dollars more for the peace of mind they offer. I am sure that the perfect HOME buyer is right around the corner and waiting to be introduced to your home. Dare to Dream.

Shel-lee Davis
Real Estate Consultant
RE/MAX Palos Verdes Realty
1 vote Thank Flag Link Mon Feb 9, 2009
Bank repos are cheaper, in every way!
Not only are less money they are almost always less value. You may have hidden problems and the condition is almost always worse. Usually by the time you put a bank repo into decent condition you have not saved any money. Then there is the risk of finding problems that would have been disclosed from a normal sale.
Yet I still look at the repos, I just tell my customers to go in with both eyes open.
0 votes Thank Flag Link Tue Jun 16, 2009
Dear Jilly:
Your concerns are important, relevant and valid. In time, the market will correct.

Call or write me at vivian@campbellrealtors.com and I'll help you find that Huntington Beach dream home. I've lived in HB 25 years - local expert!
0 votes Thank Flag Link Mon Feb 9, 2009
Thank you. We have it at a very low price, as low as some bank repos. If we lower it much more then we won't even have enough for a down payment on another home.
0 votes Thank Flag Link Mon Feb 9, 2009
Hello Jilly:
I understand your feelings towards the present real estate market. Yes, homeowners are losing value in their homes and there is little can we do for now. Except , that some homeowners are finding themselves just selling for less but at the same time buying larger homes for less. You are selecting a great area to buy in Huntington Beach where the homes closer to the beach or front ocean view homes hold more of its value in comparison to other areas.
Please email me, if I can be of help.
Victoria Always, REALTOR
victoria@allaboutdreamhomes.com
0 votes Thank Flag Link Mon Feb 9, 2009
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