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Home Buying in Martinez : Real Estate Advice

  • All50
  • Local Info5
  • Home Buying20
  • Home Selling4
  • Market Conditions2

Activity 20
Thu Mar 12, 2015
Neil Case answered:
In my humble opinion there is a buyer for every house and there are really only two factors that make up the bulk of the success or failure of it selling. It does not matter what the market conditions are and it does not matter the condition of the house if these two factors are done correctly.

First is price. I once sold a house that was half burned down and wasn't even habitable. Because the price was what it was supposed to be. Price the house according to the condition of the house, the condition of the market and the comparables that support it's fair market value. The best house on the planet and the best realtor in history are unlikely to get an overpriced house sold. Know how you can tell a house is priced incorrectly? Look at average market time for that area and price segment. If your house has been on the market more than 150% longer than that, then the market has spoken. Either adjust the price or take it off the market.

Second factor is exposure. Even if the house is priced correctly but nobody knows it's for sale it is also unlikely to sell. You and your realtor CANNOT impact the value of the house. The market dictates the value and price. But your realtor CAN impact how much exposure it is getting. The more people who see and see it in its best light with its best face on, the better your chances of finding your buyer (it only takes one). With that said, don't expect your realtor to spend a million dollars advertising an overpriced house. All the advertising in the world is not going to change the market value.

So there you have it. Those are the ONLY two factors involved in selling a house. Some say, "the condition of the house" or the market direction or this or that etc etc. EVERY other factor will fall under one of these two major headings. It's all about price and marketing properly. After that then it's all about negotiating the best deal once you have a buyer on the hook.

Good Luck and Happy House Selling. Keep on the Sunny Side.
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0 votes 16 answers Share Flag
Mon Jun 17, 2013
Debra (Debbie) Rose answered:
Pacita - then you better hurry up and ask a question!!!!


1 vote 23 answers Share Flag
Tue Jun 11, 2013
Christina Hayes answered:
Obtain all three of your credit reports from each bureau. If you look at my blog here on Trulia, I have free credit repair tips to boost your credit score.

Best of Luck & Have a great day;

Christina Solorzano;
CEO & SR Credit & Mortgage Consultant of
Everlasting Credit Repair
Making home ownership more than a dream...
Retired Mortgage Banker
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0 votes 4 answers Share Flag
Fri Mar 22, 2013
Bob Georgiou answered:
The only thing that is missing from the information below is how did your credit get so bad? Short Sale? Not that it needs to be aired here a short sale, I would simply add that a forclosure or bankruptcy or short sale will keep you out of the housing market for 3-5 years and sometimes 7... ... more
0 votes 7 answers Share Flag
Sun Mar 3, 2013
Reapusa answered:
Thu Jan 10, 2013
Gary Wuestenberg answered:
Hi Anne. The first step is to get pre-qualified with a good lender. This is a great time to buy with interest rates at historical lows. I work with loan officers from Wells Fargo, Chase, Bank of America and a broker as well. A broker will shop around for the best loan that fits your needs and qualifications and has many lenders to choose from. A bank has fewer loan programs to choose from but their fees are smaller. It's best to contact a couple of different lenders to help determine what works best for you. When you contact these lenders, be up front with them. By that I mean let them know what your actual situation is - such as employment, amount of money you can bring into the transaction, etc. They in turn should be up front with you. They should be able to tell you how much you can comfortably afford. Once you have this information then you should contact a local realtor that knows the area and market you are interested in.

By the way, Martinez is where I live and is great place to call home. It has a quint older downtown, hiking areas, water access, good schools and low crime.

Please feel free to contact me to ask more questions.
Gary Wuestenberg
DRE # 01339145
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0 votes 5 answers Share Flag
Fri Nov 9, 2012
Suzanne Looker answered:
It depends on whether you are the seller or buyer. If seller, it may mean a postponement while the bank works on a modification or a short sale. If you are a buyer, it may be an indication that the property is no longer available unless you are the party in the contract. You may want to smit a realtor who can point you in the right direction through our expertise and referral partners.
Suzanne Looker
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0 votes 3 answers Share Flag
Tue Apr 10, 2012
Ken Wiggins answered:
Hello Oskibear,
I grew up in Pleasant Hill and Concord and went to school in the area. The schools in the area are Generally pretty good. Here is a useful website for someone like yourself with grade school age children, you can look up schools through out California and check their ranking, Good luck. ... more
0 votes 9 answers Share Flag
Fri Mar 30, 2012
Daniel Stuscavage answered:
Martinez, in my opinion, is a much better place to live for all reasons possible. It is incredibly safer than Bay Point and Pittsburg, no question. There is a nice downtown district in Martinez with a beautiful waterfront park. There are many newer neighborhoods that are very affordable. It is a much easier commute to ANYWHERE in the Bay Area, especially if you are heading towards San Francisco. Easy access to Highway 4, 680, and 24. Schools are also much better. Martinez has it's own school district which is a huge plus. In certain areas, you are also able to attend some of the better Mount Diablo District schools such as College Park High School.

Although home prices of Martinez may be higher than those in Pittsburg, the price difference is well worth it. Martinez is still incredibly affordable even comparing to neighboring Pleasant Hill, and not even a comparison with Walnut Creek.

I have been a Martinez resident since 1988, let me know if there is anything I can do to help you call Martinez home!
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0 votes 4 answers Share Flag
Tue Sep 13, 2011
Michael Cheng answered:
You should just try reposting it on Trulia's listing pages. If you need help with it, let me know.
0 votes 1 answer Share Flag
Sat Apr 30, 2011
Craig Bosse answered:
Chris - You are asking about pre-foreclosures in Martinez right? The answer is no.

Don't listen to an agent from Roseville.
0 votes 5 answers Share Flag
Thu Jul 1, 2010
David Chiles answered:
Thank you for your question Victoria.

Auctions are held regularly. Generally, they take place on the Courthouse steps. A list of the auction properties and corresponding auction dates can be obtained from your county courthouse.

There are websites that collect this data and republish for a fee, RealtyTrac and Foreclosure Radar. I like to refer to these sites as 'snake oil salesmen' because all the information is readily available for free.
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0 votes 7 answers Share Flag
Mon Feb 22, 2010
Erica Starkey answered:
Very tired,
I would first speak to your agent about your concerns. If your gut is telling you something is not right I would go with what you believe to be true. Unfortunately, there are agents out there with alterior motives. You're right it's stressful enough without worring about your agnet's intentions.

Erica Jones Starkey
Broker, Co-Founder
JSCA Real Estate Group
Providing Superior Solutions for Your Individual Real Estate Needs
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0 votes 12 answers Share Flag
Sat Jan 30, 2010
Erica Starkey answered:
I am assuming you mean it's listed on one of the real estate sites as unknown. If you send me the address I would be happy to help or you can ask the agent you're working with.
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0 votes 3 answers Share Flag
Sun Aug 23, 2009
Lori Jeltema answered:
Doesn't something seem a little off with this whole scene? Nobody signed documents but the agent let the loan close?
0 votes 12 answers Share Flag
Tue Jul 28, 2009
Nick Issa answered:
Absolutely, Martinez is a great town, I live and work here in Martinez for the last 10 years when I moved from Walnut Creek. I think a home in the 400K range will go a lot further in Martinez. for you and will get a nicer neighborhood too. Martinez has a lot of pocket neighborhoods to choose from; it has a charming downtown and an ever improving Marina. Take a tour in town and explore its a beauty. ... more
0 votes 8 answers Share Flag
Fri Jul 24, 2009
Spookycat99 answered:
Thank u everyone closing tomorrow on day 30! We never even saw the FHA appraisal. We must have passed becaue the loan officer called and said we are good to go to escrow and sign tomorrow! We are lucky to have even bought a foreclosure in this market! ... more
0 votes 6 answers Share Flag
Thu Jan 8, 2009
Dave Sutton answered:
Chris, I'm not sure where you got those prices on what properties (but I'd be glad to verify them for you), but if you got them from RealtyTrac the prices are very misleading. The best post on why you don't want to pay any attention to RealtyTrac is from Carl Medford. In short, the price they post is the outstanding amount on one of probably two mortgages on a property, which is nowhere near what the home will sell for if and when it actually comes up for sale. Most RealtyTrac listings are not actually for sale today.

Carl's great explanation is at:
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0 votes 2 answers Share Flag
Mon Dec 22, 2008
Frances Flynn Thorsen answered:
Laurie, there are additional resources at the link below , "Mortgage Workout Programs for Homeowners," compiled by the California Assn. of REALTORS.

It is very distressing to see SPAM and blatant loan modification solicitations aimed at a homeowner facing foreclosure. I have flagged several offending posts in this thread and I will remove them this afternoon.

Frances Flynn Thorsen
Community Manager
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1 vote 14 answers Share Flag
Thu Dec 20, 2007
Charles Smith answered:
PP$400k @40%=$160k @ .2681= $4,289 annual tax bill based on millage rate of .2681
0 votes 2 answers Share Flag
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