George Kininmonth

Congrats for thinking ahead Sue or Yen Lu! As one who works on commission I always admire the spirit! As for the P & L of the business, I'll have to leave that up to you, but the market is ripe for investments. Values have not been this low in years and the Central Valley of California, in my opinion, is only going to get better. Right in the middle of the greatest state and short travel to beaches and mountains, rivers and streams. In my opinion, it will continue to grow and that means kids, kids and kids needing day care.

If you have a particular configuration in mind for you daycare business, i.e. square footage, rooms/bathrooms etc., let me know what they are and let's work this endeavor out. Realize your dreams.

Here to help.

Sincerely,

George - Yesterday, 19:24

You are right the market has been a declining market for sometime now actually going on for almost two years. However, the market has returned to the 'good old days' of buyers have to be of good standing credit wise and be 'vested' into their property.

Like it was said before most markets are cyclical, i.e. up and down cycles. Gold now at or near $1,000 well for those old enough to remember this is how it was in the 80's and everyone was buying it and then it crashed back to under two hundred. But it was never worth nothing.

The valley homes have had the same run up only banks provided the incentive for persons with lousy credit and no money down to play in the game and buy a home. Greed took over for institutions and just plain common folk and everyone who tried to get something for nothing got hurt. And some were smarter and made money. If it's too good to be true...it's too wrong to be right.

If you buy a home today, bid on your desire and be happy with your investment. Homes were meant to live in and raise families over the long haul, not to be a cash cow. Maybe when you have paid off your 15 or 30 year note...but not tomorrow. Using this train of thought I've sold three homes this month. It's a long-term investment and always has been. Sorry for your loss. - Fri May 9 2008, 07:10

In my experience, you might want to know that the current short sale market in California takes forever...weeks and weeks...and then they can accept someone else's offer. It's not the low-ball market anymore. I've found foreclosures much easier to work with and close. It also helps when the banks and title companies are nearer the foreclosed property. Tracy, CA and the surrounding areas have a lot of both...trust me I work in your area. Sure, there are strategies to use, but like I've said before, find what you like and bid your desire.

Your mortgage professional must tell you know what you can qualify for and afford comfortably. I do homes and loans in the Stockton/Tracy and surrounding areas and have a great buyers home & loan package to save homebuyers money if interested. Couple that with FHA 3% down and you're off to a great start. 0% Veteran loans are also available! Best of luck! - Thu May 1 2008, 15:53

All listing prices are asking prices.

Buyers may submit any offer and the seller/bank will pick the offer they feel offers them the best value and security for themselves i.e. a larger down payment, buyer has better credit, no 3-6% seller credit asked for etc.

Bid your desire and you will have no regrets should the offer not be accepted. Today, most properties are getting multiple offers. Best of luck and if I may be of further service please visit our website or call me directly. - Thu May 1 2008, 11:12

I'd say that that is like asking when are we going to hit bottom in market and if we all knew that we'd all be very wealthy.

In my opinion, you should bid on desire and ability to pay. If you like something, bid according to your desire. If there is any question as to whether or not you can afford the home you want, then by all means sit out and wait and see, or better yet, purchase something you can live with and afford.

Prices may continue to soften in some markets/neighborhoods, but not all markets/neighborhoods price points are losing value at the same rates. With financing approaching near record lows more persons able and willing to buy will be coming into the market and it's a great time to purchase a new home. - Mon Mar 24 2008, 06:29

Consider 2/1 with yard, 2 car garage, dog ok, community pool, Lincoln Village West, Water/Garbage paid, recently remodeled...tile, ceiling fans, tile, gas kitchen, greenbelt, 10x24' cement patio, redwood deck, brand new 10x24' aluminum premium patio cover, dual payne window, tile kitchen and bath, close to I-5 off of Benjamin Holt, Cul-de-sac and great landlord...;) @ $1,100. In process of buying other home and will be looking to lease property. Very nice area. - Wed Mar 12 2008, 20:28