http://www.trulia.com/voices/profile/Real_Estate_Pro-95678-58988/The latest answers submitted by William Boone to questions asked on Trulia Voicesen-ushttp://www.trulia.com/voices/General_Area/Are_there_any_fixers_available_in_downtown_Sacrame-41269Answer by William Boone: Hello thank you for your question. My name is William Boone with Lyon Real Estate. I just ran a search on the Metro List and found 5 single family homes priced from 89,900 up to 250,000. If you would like me to email these to you just let me know and thanks again for your question.Sat, 14 Jun 2008 21:12:53 PDThttp://www.trulia.com/voices/Foreclosure/What_does_it_take_to_buy_a_foreclosed_home_-25702Answer by William Boone: Great question for todays market...... In the past months, you may have had encountered the term “foreclosure” a dozen of times especially with the current crisis in the national housing market. If you are lucky enough not to have any problems with your mortgage payments, you should still try to understand how foreclosure works – just in case. For starters, foreclosure is the repossession of a property by a mortgage lender because the owner failed to fulfill his mortgage payment obligations. These properties can be listed with very aggressive prices, in some cases we are seeing multiple offers because of this. The inspection period for a buyer can be moved up from the standard 17 days in a normal transaction to 10 or even 5 days depending on the bank. In most cases the banks list these properties "as is" ..... You still have the right to your inspections but need to understand that the bank may not agree to repair anything. If a buyer can not close escrow on time there can be penalties ranging from 50.00 per day to 150.00 or more in some cases. If you are looking to purchase a bank owned home they can be a great bargin but you should work with a buyers agent who knows what to look out for and help guide you...... thank you for your question I hope this helpsTue, 11 Mar 2008 20:36:16 PDThttp://www.trulia.com/voices/Home_Selling/What_is_the_average_Seller_s_agent_commission_in_N-25260Answer by William Boone: Hello thank you for your question. The average commission in Northern California for residential homes is 2.5% of the sales price. The seller is normally the party who is paying the buyers agents commission. If the listing agent also becomes the buyers agent (dual agency) the seller could ask for a lower commission since the listing agent is only going to recieve 2.5% on the selling side but as a dual agent representing both buyer and seller he or she would recieve the whole 5.0%. I personally feel there should be some room to lower the total commisson when I act as a dual agent for my clients everyone wins.Sun, 9 Mar 2008 23:26:12 PDThttp://www.trulia.com/voices/Home_Buying/Whats_a_good_offer_on_a_REO_Homes_Priced_at_-22521Answer by William Boone: Having worked with buyers on many REO transactions a good average is price per sqft. You can search my web site with all REO (bank owned properties) in all 3 major counties, Sacramento, Placer, El Dorado www.wboone.golyon.com the links are at the top of of the web page. Once you find an area you are looking in then you can single out all REO listings and see who is the best price per sqft and this will help you determine a good offer.Thu, 21 Feb 2008 12:23:44 PSThttp://www.trulia.com/voices/Home_Buying/Whats_a_good_offer_on_a_REO_Homes_Priced_at_-22521Answer by William Boone: Are you a first time home buyer? if so you have done your homework .......... Your personal finances sound very solid which is a good thing. In regards to what a bank will take on any given property depends on many things. Most people really don't understand the bank lost 6 months of mortgage payments and paid 30,000 plus for foreclosure attorney fees. The banks have 3 BPO (broker price opinion) ordered at 90 days in the pre forclosure process. These BPO are done by agents & brokers from all different companies. Once they have the BPO they know what to expect for a price. The last transaction I just closed in Roseville was a bank owned property. I was the buyers agent in the transaction and got the bank to go down 50,000. Every listing depends on each individual bank and the property itself. Some areas are holding value better than others. New homes are really something to consider as well. The last 5 transactions I close in 2007 Nov-Dec were all new home sales. I got the builders to go down to $150-$138 per square foot. These homes were all upgraded good lots and super deals! New home builders are starting to hold at certain price ranges. Give me a call if you would like to go into more detail thank youSat, 16 Feb 2008 23:04:28 PSThttp://www.trulia.com/voices/Home_Buying/removed-22914Answer by William Boone: Hello sorry to hear the loan is not what you hoped for. To answer your question if you have not removed all of your contingencies including the loan you should be able to get your initial deposit back. Your agent if you are working with one should be able to help you with this. Are you working with a buyer’s agent in this transaction? Or is the listing agent representing both buyer & seller? On the original purchase contract did all parties initial page 5 for liquidated damages clause & arbitration....... Also on the original purchase contract was page 1 paragraph 2.I checked? Bottom line in any transaction buyers are due their deposit back if the never released all of their contingencies in writing. This does not mean sellers always agree but if it did end up in arbitration more than likely the buyer would get their deposit back. See my web site for more information thank you and I hope it all works out for you. Have you considered trying a different lender to run a quick good faith for you? A good lender can give you a good solid bid for rates without running your credit based off of what you tell them and assuming it is correct information. FICO score, debt vs income, I have several very good lenders I could put you in contact with just let me know thank you.Wed, 20 Feb 2008 18:03:51 PSThttp://www.trulia.com/voices/Agent2Agent/I_have_clients_wanting_to_move_to_the_Granite_Bay_-19227Answer by William Boone: Hello I offer a 35% referral fee and know the Granite bay area very well. Would you like me to send active listings from our local MLS? What price range will the be looking in? Hope to hear from yuo I will take fantastic care of your clients thank you...................... Bill Boone 916 747-0991Fri, 18 Jan 2008 18:01:51 PSThttp://www.trulia.com/voices/Tech_Tips/HELLO_FELLOW_REAL_ESTATE_SURVIVORS_I_WANT_REO_LI-15805Answer by William Boone: REO properties are listed on our local MLS however you have to search for them. The best way I have found to go about this with my clients is search by the zip codes and what type of home they are looking floor ie... 3-2 floor plan with 2 car attached garage central heat & air etc... If you would like more info please feel free to contact me thank you.....Tue, 11 Dec 2007 13:07:34 PSThttp://www.trulia.com/voices/Market_Conditions/Are_any_homes_selling_in_North_highlands_I_just_s-15810Answer by William Boone: Yes homes are selling in every city as long as the seller has priced the home to meet the market. North Highlands average price per sqft in the past 3 months is 147.30. The average days on market are 55 which is not bad. Again if the home is priced right it will get showings from the buyers and this will lead to an offer maybe even more than one. You must have an agent who knows how to negotiate and spend money to market the home.Tue, 11 Dec 2007 12:39:51 PSThttp://www.trulia.com/voices/Home_Buying/What_are_the_advantages_of_using_a_buyer_s_agent_-14424Answer by William Boone: Hello thank you for allowing me to answer your question. When you say one of the properties is the marketing staff or developer sales staff is this a new home? If so most new home builders are offering to pay real estate agents a co-op fee for bringing a buyer to purchase one of their homes. The reason you should exercise this option to your advantage is to have a very experienced buyer’s agent who is used to working with new home builders and getting them to come down on the price and to pay your closing cost fees or buy your interest rate down. I have seen buyers go into contract with a new home builder without using a buyers agent to represent them think they got the best deal possible and I know they could have got a better deal than what they did on their own. As far as the other property same rule applies on resale homes the seller is paying the buyer’s agent’s commission so you should take advantage of that. The skill level of the buyer’s agent depends on how well they can negotiate on your behalf. So in closing in today’s market of real estate buyers should always find a top agent to protect them in the contract and during the escrow period.Sat, 24 Nov 2007 15:58:23 PSThttp://www.trulia.com/voices/Home_Buying/removed-14263Answer by William Boone: Hello in order to make an offer you will need to put it in writing have you done that yet? As a buyer you will need to make sure you are protected on how the offer is written. Contingencies like your loan, apprasial, homes inspection, pest inspection, seller disclosures are all things you will need to be protected. How much deposit are you putting down? you will want to protect your deposit until it is time to remove your contingencies and you feel confident that the home is for you.Thu, 22 Nov 2007 17:17:57 PSThttp://www.trulia.com/voices/Home_Buying/I_m_considering_a_condo_in_Campus_Commons_what_ar-11002Answer by William Boone: THE COMMUNITY: Campus Commons is a Planned Unit Development (PUD) of approximately 1,160 single family attached and detached homes, located at the southwest quadrant of Fair Oaks Boulevard and Howe Avenue in the Heart of Sacramento. Residents and their guests enjoy all the amenities of this master-planned community including beautiful Clubhouse facilities, Landscaped common areas, Miles of paved walkways, Swimming pools, Tennis courts, Spa and Fitness Rooms, plus easy access to the wonderful American River Parkway, Jedediah Smith Memorial Bicycle Trail, the Guy West Bridge, and California State University, Sacramento (CSUS). THE BUILDERS: Prior to development, the Campus Commons property was widely known as the Horst Hop Ranch. It was planned & developed by a local Sacramento partnership including Bob Hurst, R.J. McClatchy, J.J. McClatchy, Gordon Jack, Jack Matranga, and Henry Moss. R. C. Powell Developments and Teichert Land Co. became involved in the development in the early 1970's. Robert C. Powell built Villages 3 & 10, the Garden Homes in Village 4, and all the homes in the Nepenthe Association. Kimmel Construction built the homes in Village 5 (St. Charles Place). Home construction was completed in 1979.Fri, 12 Oct 2007 13:25:00 PDThttp://www.trulia.com/voices/Using_Trulia/Was_Dickson_St_SacramentoAPN_removed_and_why-8936Answer by William Boone: Hello this home expired on 9-6-2007 after 182 days on the market. It was listed at 236,000 then reduced over time to 219,000. It was also listed prior to this and expired after 99 days on the market. I have my opinions on what hurt this listing in regards to marketing. If you would like any other information on other properties please let me know thank you for your question William Boone Lyon Real Estate 916 747-0991Wed, 12 Sep 2007 18:17:09 PDThttp://www.trulia.com/voices/Quality_of_Life/Where_is_the_most_desirable_neighborhood_in_Sacram-8725Answer by William Boone: East Sacramento, California Lush, mature tree-lined streets mark this area as one of the most desirable areas in Sacramento. The homes in this area are truly varied and range in size from ~1,000 square feet to 5,000 square feet! The community got its start in the 1920's and now boasts a mix of charming bungalows and huge mansions. The close proximity to downtown Sacramento with its government, financial resources, medical facilities, and law firms is only one of the many draws to this community. Residents of East Sacramento enjoy quiet streets and unique architecture. McKinley Park is a neighborhood favorite boasting a duck pond, trails, basketball, swimming and tennis. California State University Sacramento's (also known as Sacramento State) campus is also in East Sacramento. The River Park area borders the American River and consists of single family homes built in the 1940's and 1950's. River Park doesn't have the large mansions like the Fabulous Forties (homes on 40th to 49th), but it does have a charm all its own. Intimate, family-owned shops and restaurants, ice cream parlors and five additional parks add to the appeal of the neighborhood. With two large hospitals in the vicinity, many medical professionals have moved the area in recent years.Sun, 9 Sep 2007 07:01:57 PDThttp://www.trulia.com/voices/Market_Conditions/In_Sacramento_what_is_the_all_around_best_website-5707Answer by William Boone: Lyon is the only company in the five-county Sacramento region to provide detailed Trendgraphix real estate price statistics. This valuable, proprietary information helps Lyon clients make informed decisions based on actual market dynamics. Because this data is exclusive, it also provides a competitive advantage to Lyon Agents, making them more effective and productive than their peers. If you are already working with a Lyon Agent, please contact that Agent directly for updated market facts and trends.Wed, 11 Jul 2007 23:20:35 PDThttp://www.trulia.com/voices/Home_Buying/Are_there_any_equestrian_communities_close_to_Sacr-4748Answer by William Boone: Yes there are many in the greater Sacramento Area! Infact we are known for this in many areas. Some popular cities are Auburn, Cameron Park, Cool, El Darado Hills, Elk Grove, Elverta, Forest Hill, Fair Oaks, Orangevale and many more..... Please feel free to search for properties on my web site you will have fun looking around thank you for the chance to answer your question.Tue, 5 Jun 2007 12:16:20 PDThttp://www.trulia.com/voices/General_Area/Where_are_the_best_neighborhoods_for_families_-4699Answer by William Boone: My web site will have so much information for you to study and decide. Are you going to stay in Davis?Sat, 2 Jun 2007 20:37:08 PDThttp://www.trulia.com/voices/Home_Buying/Where_would_I_find_a_recent_sales_report_for_your_-3891Answer by William Boone: Great questions I enjoy these because my company Lyon Real Estate has Trend Graphix which no other broker has access to. Please click on my web site and choose pricing trends you are sure to be hooked.Fri, 1 Jun 2007 21:44:02 PDThttp://www.trulia.com/voices/Home_Selling/Will_staging_a_home_make_it_sell_faster_or_for_a_h-3892Answer by William Boone: Yes but only for certain kinds of properties. The larger homes I feel is a must. For smaller floor plans you can stage a home in a small way and still get a great affect. I have sold a lot of real estate and no buyers like walking into a home that is vacant, cold, hot, etc... it is hard for them to feel at home in your home.......Fri, 1 Jun 2007 21:41:16 PDThttp://www.trulia.com/voices/Home_Buying/What_zip_codes_should_I_search_for_home_in_the_K_-4029Answer by William Boone: 400,000 in todays market can buy you a home that was 500,000 You will have a lot of inventory to look at in this price range. Sellers in this price range are really hurting they are out of reach for first time buyers and investors. Move up buyers are stuck because no properties are selling and no one wants to accept a contingency sale. You would need to really make a list of what you want lot size, RV access, pool, spa, square feet, bedrooms, baths, etc....Fri, 1 Jun 2007 21:36:48 PDThttp://www.trulia.com/voices/Home_Selling/How_Does_a_Seller_Find_A_Good_Realtor_-4120Answer by William Boone: Well in a nut shell a few quick questions will help a home seller make a good choice. 1. How many homes have you sold in the past few months? 2. How much do you plan on spending on advertising for my home? 3. Are you a Masters Club Member and how many years did you make it?Fri, 1 Jun 2007 21:31:40 PDThttp://www.trulia.com/voices/Home_Buying/What_does_a_first_time_buyer_in_Sacramento_need_to-4311Answer by William Boone: Hello my name is William Boone with Lyon Real Estate. Well for a quick response make sure you work with a very honest good loan officer. many people are suffering right now due to bad loans that are adjusting to soon. I am not trying to scare you from buying a home but it is very important to understand the many loans that are out there. Some are good and some are not it all depends. As a buyer in the Sacramento area you have a lot of power right now vs years past. Sellers are waiting everyday for a buyer to view their home because the market is so flooded with inventory. Take some time and click on my web site search for properties and have fun looking thank you. 916 747-0991Fri, 1 Jun 2007 21:28:02 PDThttp://www.trulia.com/voices/Home_Buying/Do_You_Work_with_Home_Buyers_-4302Answer by William Boone: Hello my name is William Boone I work with Lyon Real Estate. I list a lot of properties but enjoy working with buyers very much. To negotiate the best deal for my buyers is what I love to do. I am working with 4 buyers as we speak my weekend will be very busy showing my clients properties they want to see. You can have fun and search my web site on your own to see what is out there for inventory.Fri, 1 Jun 2007 21:22:05 PDThttp://www.trulia.com/voices/Home_Selling/Do_you_have_any_buyers_or_sellers_that_have_writte-4428Answer by William Boone: Hello my name is William Boone licensed agent with Lyon Real Estate. Please sign on to my web site and read some of my past client remarks thank you. 916 747-0991Thu, 31 May 2007 22:28:25 PDThttp://www.trulia.com/voices/Credit_Score/How_does_a_short_sale_affect_a_credit_score_-4445Answer by William Boone: Hello tough question I have been trained in short sales and done many transactions with them. Credit score can lower on average 50 points and be reported for approx 18 months. It will show as a pre forclosure settled which compared to a full foreclosure not bad.Thu, 31 May 2007 22:25:45 PDThttp://www.trulia.com/voices/Home_Selling/Do_you_have_any_tips_for_sellers_in_the_Sacramento-4187Answer by William Boone: Hello I have listed and sold many residential properties in Sacramento county. Please go to my site and search for properties in your area and see what is out there. I can tell you pricing your home needs to be done right! Buyers have so much inventory to look at you must be the best price and show the best to get offers! Thank you William Boone 916 747-0991Thu, 31 May 2007 22:21:27 PDT