Category Archives: Real Estate Financing

Secrets of Winning the Offer War (Part 4 of 4)

handshake_at_meeting

Here is Part Four of the four part series on winning the offer war. If you missed the first two,  here are the links to Part One about “PRICE”,  Part Two about “TERMS“, and Part Three about “CONTINGENCIES”  Today we’ll be looking at the third factor:

PERSONAL TOUCH

  • Home sellers sell for a myriad of reasons. If your offer is for a home where the seller has been resident, you may assume that back when they bought the house, it was with plans for the future on their minds and optimism in their hearts.  Whatever happened between then and now, people lived in the home and hold a deep appreciation for the shelter from the storm, real and metaphorical, that it provided.  Many sellers hope the home they’re leaving will be someone else’s fresh start.  Presenting yourself as the one who will appreciate and care for the home is a way of winning hearts and minds.  It’s what agents call a “love letter,” sharing with the seller your admiration for the home, and vision of what it will be like for you to live there.
  • Have your agent present the offer in person to the sellers, if that’s possible. Agents in this area know each other– and experienced agents tend to respect and trust offers brought from someone they know has been in the business a while. Offers from such are usually clear and competent.

The tips in this four part series will help you understand exactly what it takes to create a competitive winning offer.  There is a fifth ingredient, and that’s your real estate agent. I hope you will consider me a member of your home buying team.  Together, following this plan as best we can, we’ll create beautiful winning offers.

If you’re pursuing your dream of home ownership, or if you want to sell an East Bay home, I can help.  Summer is a great time to buy or sell a home.

Also, if you’re moving to another area, I can refer you to a trustworthy Coldwell Banker agent wherever you want or need to go in the US or the world. Coldwell Banker is an international real estate company.

Just call me.  I’m easy to get a hold of.  As so many of us do, I carry my office with me wherever I go, so phone or text 510-418-1306  and you’ll probably reach me. I’m never too busy to take care of you– or your referrals–and I’ll make sure you’re glad you called. 

 Get to know me! Check me out on facebook or linkedIn.

If you want to get a feel for what’s going on in the East Bay Real Estate market check out my My Web Site to discover homes on the market–neighborhood by neighborhood–almost as soon as they’re posted on the MLS!

Chris Neddersen
Broker Associate
CalBRE #01143189
Coldwell Banker in Berkeley

“Let’s Get Moving!”

First Time Buyer Financing MADE EASY

CallingAllFirstTimeBuyers

There’s a lot of anxiety out there about younger buyers being able to finance a home–and about real estate investors with wheel-barrels full of money grabbing up all the available inventory.

All-cash offers tend to be more attractive to sellers, but I was gratified to see that the majority of recent buyers financed their purchase.  The graphic above gives you the skinny.

The California Association of Realtors has a quick and easy way to help young buyers find out how to finance a home purchase.  Go to their site and click on the very informative  video you’ll see on that page.

After figuring out what financing option is best for you, you can use my site to find some East Bay homes that look good to you. Then give me a call at 510-527-0174  and let’s talk about your move!

Selling or buying an East Bay home will be a smoother process once you give me a call. I’m easy to contact.  As so many of us do, I carry my office with me wherever I go, so phone 510-527-0174.  and you’ll probably reach me. I’m never too busy to take care of you– or your referrals–and I’ll make sure you’re glad you called.

Get to know me! Check me out on facebook or linkedIn.

If you want to get a feel for what’s going on in the East Bay Real Estate market check out my My Web Site to discover homes on the market–neighborhood by neighborhood–almost as soon as they’re posted on the MLS!

Whatever your real estate need,  I’m happy to help!

Chris Neddersen
Broker Associate
CalBRE R01143189
Coldwell Banker in Berkeley

Veterans Day, Veterans and VA Loans

Veterans Day

Anyone who has read some of my earlier Veteran’s Day blogs know that I am enormously proud of my father, Richard Neddersen, who was a war hero in WWII.  I wished he had talked more about his experiences, but since he was reluctant to discuss the war I became a researcher, reading as much as I could about the history and causes of World War II and trying to place my dad in the action.

This morning I saw an piece in the news about the growing number of suicides among veterans and consulted a site full of scholarly articles about the problem.

It was a sobering assessment. I recalled a bumper sticker that read “There are no unwounded soldiers” and I began to understand my father’s reluctance to recount his experiences to his young sons.  His long years in the war must have been horrific, so horrific that he strongly advised my brother and I NOT to follow in his footsteps.

War is a brutal business. I honor my father and all those who fight, and hope the decision to commit to this ultimate violence is never taken without alternatives having exhaustively been undertaken.  I also wonder why those that send our boys off to fight are so reluctant to spend money on their health care, food, job training and lodging when they return.  At least there are a few things that we real estate agents can do to aid veterans and those are:

  • Provide them with names of lenders who work with VA loans
  • Help them find homes suitable for that type of funding.

If you’re a veteran, or just curious, I found a link that discusses VA eligibility and another that talks about loan limits in various areas in the United States. In the Bay area, for example, the loan limit is $625,000.00.

I’m glad to know our industry is working to help veterans and their families put a roof over their heads.  Here’s hoping that more help will come from other agencies to assist a veteran’s transition from military to civilian life.

If you’re a veteran looking for a home, or if you’re  a civilian buyer or seller, I’m happy to help you with your real estate needs.

I’m easy to contact.  As so many of us do, I carry my office with me wherever I go, so phone 510-527-0174.  and you’ll probably reach me. I’m never too busy to take care of you– or your referrals–and I’ll make sure you’re glad you called.

Get to know me! Check me out on facebook, linkedIn or see my other online presences. I have two sites made just for you.If you want to get a feel for what’s going on in the East Bay Real Estate market check out my My New Site to discover homes on the market–neighborhood by neighborhood–almost as soon as they’re posted on the MLS!

If you’re a BUYER go to That House Detective
If you’re a SELLER go to What’s Next Homes.

Whatever your real estate need,  I’m happy to help!

Chris Neddersen
Broker Associate
CalBRE R01143189
Coldwell Banker in Berkeley

 

Do You Know Your Buying Power?

CreditKnowledgeandConfidence

In this credit card economy, it’s hard to keep track of our real buying power. It starts with knowing your credit score. If you don’t, and cringe a little at finding out, this could be what’s holding you and other potential home buyers back from getting into the housing market.

I understand. I’ve been known to put my head in the sand when uncomfortable situations that involve mass quantities of money rear their heads.  What I’ve learned is that this obviously does not solve the problem. In fact, in many cases, ducking and covering can make the problem worse.

If your credit score is a problem, it’s not one without a potential solution.

  • Step one: Find out your score. There are places online that will help you do that. I don’t have one I feel comfortable recommending, so the alternate approach would be. . .
  • Step two: Find a reputable local mortgage lender. I have a list of several I recommend, one of whom is Kenny Leather* of Princeton Capital, skilled at assessing your home buying power.  If it’s not quite up to snuff, they might suggest that you. . .
  • Step three: Find a professional organization, like Continental Credit, employing helpful and friendly people like Alexandra Erlich* who know all the ins and outs of helping you raise your credit score.

If you’re planning on buying a home, imminent changes in federal lending regulations make it even more important to get your financial ducks lined up in advance, but whether or not you decide to purchase a home, getting your credit sorted out will be a big relief. You’ll feel a whole lot better when you’re on speaking terms with your income ebb and flow.

But if you do decide that you want to buy a home be sure to . . .

  • Step four: Call me at 510-418-1306. I’ll be happy to help you through this major financial decision in your life.  I’m never too busy to take care of you– or your referrals–and I’ll make sure you’re glad you called.

*Call me for contact information

Get to know me! Check me out on facebook, linkedIn or see my other online presences. I have two sites made just for you.If you want to get a feel for what’s going on in the East Bay Real Estate market

Check out my My New Site to discover homes on the market–neighborhood by neighborhood–almost as soon as they’re posted on the MLS!

If you’re a BUYER go to That House Detective
If you’re a SELLER go to What’s Next Homes.

Whatever your real estate need,  I’m happy to help!

Chris Neddersen
Broker Associate
CalBRE R01143189
Coldwell Banker in Berkeley

Now HERE are some interesting Real Estate facts:

SOLD

Did you know that:

  1. Home is where the heart (and equity) is: 61.4% of the average American family’s net worth is in home equity.
  2. A homeowner’s net worth is over thirty times greater than that of a renter.
  3. TGIF! The best day of the week to list your home is Friday.
  4. Historically, the best month of the year to sell is April. Although we would dispute that –maybe it’s the most common month, but often sellers fare better in the ‘off months’ of summer and winter.
  5. Odds are you’re going to need some help selling: Homeowners have a 120% better chance of selling their home when using REALTOR®.
  6. In 2013, NAR reports that the median age of first-time buyers was 31. On average these buyers purchased a 1,670 square-foot home costing $170,000 (guess they don’t live around here!).
  7. The typical repeat buyer was 52 years old. On average these buyers purchased a 2,060-square foot home costing $240,000.
  8. According to a NAR Community Preference Survey, 78% of respondents said that the neighborhood is more important to them than the size of the home.
  9. 57% said they’d give up a home with a larger yard if they could have a shorter commute. (Commuting is one of Arlington’s most attractive features to buyers)
  10. NAR reports that 80% of home buyers believe their home is a good investment, 44 percent saying it’s better than stocks.
  11. Buyers searched a median of 12 weeks and visited 10 homes. If you live in Greater Boston, you know this is a much lower number on both fronts.
  12. 90% of home buyers who used the Internet to search for a home purchased through a real estate agent.
  13. 90% of buyers financed their purchase.

I found these facts on the website of some Arlington Massachusetts realtors and thought they were interesting enough to share with those of you involved in the California (specifically the SF East Bay) market. Since many of the facts are gathered by the National Association of Realtors, you gotta figure that they apply to homeowners, sellers and buyers nationwide.  

Shout out to my colleagues Back East!

If you want to get a feel for what’s going on in the East Bay Real Estate market, check out my Super Site and discover properties on the market neighborhood by neighborhood–almost as soon as they’re posted on the MLS!

Give me a call if you’re thinking of  buying or selling a home, and for all your other real estate needs.  Just phone 510-527-0174 .  I’m never too busy to take care of you– or your referrals–and I’ll make you glad you called.

Get to know me! Check me out on facebook, linkedIn or see my other online presences. I have two sites made just for you.

If you’re a BUYER go to That House Detective
If you’re a SELLER go to What’s Next Homes.
If you’re interested in HIGH WALK SCORE HOMES click HERE.

Whatever your real estate need,  I’m happy to help!

Chris Neddersen,

Chris_sig

Broker Associate
CalBRE R01143189
Coldwell Banker in Berkeley

Home Sweet HomeSuite.com

homeaway3

But FIRST, a bit about STAGING:

Even in a hot real estate market, staging is important.  Of course, with all the demand, homes in the Berkeley area and beyond will sell, but if you want overbids and competitive offers, staging makes a difference.

Why? Because many of us don’t have the imagination to see beyond a seller’s personal decorating.  If they can’t find a place for their stuff, they can’t imagine themselves living there.

Staging also presents the dream life that we all want to live, with that clutter-free everything-in-its-place beauty staged homes exemplify. It looks turn-key and trouble free, all problems solved.

So, my advice to my sellers is “Move OUT and let the stagers move the dream in!”

“Where will we go?”, they ask me, if they haven’t found a home to move into yet. I’ve found the answer in a new website. HomeSuite finds short term, furnished rentals and pairs them with renters.  This is site whose time has come, and it just might be the answer to a listing agent’s prayer.

If you want to get a feel for what’s going on in the East Bay Real Estate market, check out my Super Site and discover properties on the market neighborhood by neighborhood–almost as soon as they’re posted on the MLS!

Give me a call if you’re thinking of  buying or selling a home, and for all your other real estate needs.  Just phone 510-527-0174 .  I’m never too busy to take care of you– or your referrals–and I’ll make you glad you called.

Get to know me! Check me out on facebook, linkedIn or see my other online presences. I have two sites made just for you.

If you’re a BUYER go to That House Detective
If you’re a SELLER go to What’s Next Homes.
If you’re interested in HIGH WALK SCORE HOMES click HERE.

Whatever your real estate need,  I’m happy to help!

Chris Neddersen,

Chris_sig

Broker Associate
CalBRE R01143189
Coldwell Banker in Berkeley

 

Why Tech Savvy Millennials Need Real Estate Agents

frustration

Whenever I need help with my technology, I check with the kids. They’re millennials and seem to have grown up knowing the ins and outs of computer systems.

I used to be highly tech savvy.  Before I became a real estate broker,  I installed computer systems in high tech companies and designed the sound stages for both Fantasy Films in Berkeley and American Zoetrope in San Francisco.

Pretty sophisticated stuff, right?  But when I turned to other endeavors,  technological complexity grew and evolved.  Since I was no longer involved in that business, I was no longer on top of the changes.

The real estate business is an evolving thing as well.  Despite the access our computer devices give us to the latest listings on the market,  on-line loan officers, and various buyer/seller info pieces, unless you’re involved in the business, much of the minutia involved in the financing, negotiating, selling and buying of real estate is best left to the professionals.

Most buyers and sellers are not on top of the changes, or even up to speed on some of the basics.  For example, I was surprised to learn that most Millennials don’t know what “closing costs” are.  If you do, you’re in the minority.

If you’re buying or selling a home, find a good local agent (like me) and a trusted local mortgage broker (I have a list). Leave the details to us. Our responsibility is to you as our client.  We take pride in being on top of the changes in our business which helps us excel at doing a good job for you.  After all, we want you to refer us to your friends, so it’s in our vested interest to do right by you.

if you’re thinking of selling and/or buying a home, don’t hesitate to call me for this, and all your other real estate needs at 510-527-0174 , I’m never too busy to take care of you– or your referrals–and I’ll make you glad you called.

Get to know me! Check me out on facebook, linkedIn or see my other online presences. I have two sites made just for you.

If you’re a BUYER go to That House Detective
If you’re a SELLER go to What’s Next Homes.

If you want to get a feel for what’s going on in the East Bay Real Estate market, check out my Company Super Site.

If you’re interested in HIGH WALK SCORE HOMES click HERE.

Whatever your real estate need,  I’m happy to help!

Chris_sig

Chris Neddersen,
Broker Associate
CalBRE R01143189
Coldwell Banker in Berkeley

What kind of Mortgage is Right for YOU?

MortgageChallenge

If you’re a first time homebuyer, and need financing  to purchase a property, you might not know all you need to know about the kind of mortgage that’s right for you.  How do you find that information quickly and easily?

I have some solutions:

  1. For a terrific series of easy to access videos that give you an overview of this–and other issues that concern home buyers–go to this informative, and kinda fun, Coldwell Banker site. They really do a nice job of providing many of the answers you need.
  2. After you have more facts about the process, you can speak to a lender with more confidence and a fuller understanding of where you are in the process; thus helping HIM help YOU more effectively and efficiently.
  3. In this market, listing agents feel more comfortable with–and therefore more likely to give an edge to– buyers who have lenders the listing agent also knows and trusts, and who also have a real working knowledge of the local market.  So, If you don’t have a lender, call me a 510-527-0174 for a list of trusted local mortgage brokers.  I’m happy to help.

If you have any questions about buying or selling a home in the East Bay, I’m happy to help.  Please give me a call.

East Bay home sellers: This is a golden time to sell your home! Demand is high and inventory and mortgages are low.  It can’t last forever, you know, so give me a call and let’s talk!

If you’re looking for a home in this amazing area, I can help you strategize for a successful purchase.

Call me for all your real estate needs at 510-527-0174 , I’m never too busy to take care of you– or your referrals–and I’ll make you glad you called.

Get to know me! Check me out on facebook, linkedIn or see my other online presences. I have two sites made just for you.

If you’re a BUYER go to That House Detective
If you’re a SELLER go to What’s Next Homes.

If you want to get a feel for what’s going on in the East Bay Real Estate market, check out my Company Super Site.

If you’re interested in HIGH WALK SCORE HOMES click HERE.

Whatever your real estate need,  I’m happy to help!

Chris_sig

Chris Neddersen,
Broker Associate
CalBRE R01143189
Coldwell Banker in Berkeley

Financial Friday: What Mortgage (& Mortgage Broker) is Right For You?

mortgages

 

 

 

How you finance your home purchase is an important consideration when you’re making one of the largest financial decisions of your life.  Many haven’t a clue where to start.

Here is a link if you’d like to get an idea of what type of financing is available and which is the right one for you.

Understanding more about the mortgage process is the key to a successful purchase of a home, but for a deeper sense of what might be your most practical choice,   finding a good local mortgage broker to guide your from the start is your best course of action.

If you’d like, email me (chris@neddersen.com) or give me a call and I’ll send you a list of very reputable mortgage brokers.

As a real estate agent, one of my most important jobs is to protect the fiduciary interests of both my buyer and seller clients.  To do that well, I call in financial professionals who understand the local market (on line mortgage brokers don’t fill this bill), who I’ve successfully worked with many times, and who–most importantly–I trust.

There’s another reason why picking a local mortgage broker is important: many listing  agents also want to know the dependability of the financial agency on the other side of the deal.  They are less likely to entertain an offer, all other things being equal,  financed by a brokerage of whom they know nothing.  Many deals can fall apart when an out of area financial institution is in the picture, because they usually don’t understand East Bay home values.

CLICK HERE FOR A CONVENIENT MORTGAGE CALCULATOR

If you’re an East Bay homeowner and ready to sell, this is a golden time for sellers.  If you’re looking for a home in this amazing area, I can help you strategize for a successful purchase, including helping you decide on a mortgage broker if you don’t already have one.  Please give me a call at 510-527-0174 , I’m never too busy to take care of you– or your referrals–and I’ll make you glad you called.

Get to know me! Check me out on facebook, linkedIn or see my other online presences. I have two sites made just for you.

If you’re a BUYER go to That House Detective
If you’re a SELLER go to What’s Next Homes.

If you want to get a feel for what’s going on in the East Bay Real Estate market, check out my Company Super Site.

If you’re interested in HIGH WALK SCORE HOMES click HERE.

Whatever your real estate need,  I’m happy to help!

Chris_sig

Chris Neddersen,
Broker Associate
CalBRE R01143189
Coldwell Banker in Berkeley

Weird Wednesday: One way to get out of your mortgage

Charles-Floyd

We’ve seen our share of financial ups and downs, but the real estate market is finally coming back, especially in the Bay Area.  However, not too many years ago many lost their homes in the bubble bursting recession.

I had some clients who needed a softer loan.  They were having financial difficulty and approached their bank for easier terms.  They were long-time customers of their bank and were honest and pro-active about their situation.  The bank refused to readjust their mortgage and informed them that, if worse came to worse, they’d “just take the house”.   Things worked out in the end, but at the time they would have appreciated a man like Pretty Boy Floyd.

For Bob Dylans song about Pretty Boy Floyd, click HERE.

If you, your friends or relatives are interested in specific information from a local agent about buying or selling a home in the Berkeley Area,  give me a call at 510-527-0174.  I’m never too busy to take care of you or your referals, and you’ll be glad you did.

You can check me out on facebook, linkedIn or see my online presence. I have two sites made for you.

If you’re a BUYER go to That House Detective
If you’re a SELLER go to What’s Next Homes.
Whatever your real estate need, I’m happy to help!

Chris_sig

Chris Neddersen,
Broker Associate
CalBRE R01143189
Coldwell Banker in Berkeley