Redding Ca Real Estate : October 2008

Here is another offering if you are looking at puchasing some multi family land to build your next apartments on.

This offering is 3 acres and is $570,000

The seller is very reasonable and has said bring all offers!

Potential for 20 units.

Contact Rick Goates today for more info 530-248-5627

Website

There are plenty of choices out there if you are looking to build some apartments.This offering is located in Redding California.It consists of 2.4 acres and has a 32 unit potential.It is located on Santa Rosa in North West Redding.The price is flexible and it is being offered currently at $760,000...make an offer if you have any interest the Seller is reasonable!

Call Rick today for more info 530-248-5627

Along with the bailout bill an interesting and very good thing was added to the bill that benefits anyone that will be installing a solar system.The old Federal Credit was capped at $2,000 regardless of size or cost etc.

The new package that was just passed and signed into law will help home owners installing solar to the tune of a 30% rebate!! Quite a bit different than $2,000 on the old plan...The average cost to intall solar depending on many factors but the size of the system is the largest consideration. Now with this new Federal tax break and what the State of California is offering up....well it doesn't make sense to NOT put a system on now!! After all they can't give the farm away for ever!

Here are a list of Solar Power companies both local and out of the area that you may want to check into-

POWERHOUSE SOLAR

B and B Solar

Sun Power

To reasonable power and to helping the environment...and to those that helped pass the new legislation that will help create many jobs in "Green". THANKS!

Regards,

Rick Goates

ECO Broker

Redding ca

530-248-5627

There is no one out there that can time the exact bottom of the real estate market...no one...notta...not going to happen. If you are looking or considering purchasing real estate for a long term investment now may a better time than later. What you ask? Why purchase now when you can save $5k buy purchasing 3 months down the road you ask??

The benefits to puchasing NOW Vs in a month or 6 months or a year are this-

There is less competition right now for the same homes as there will be in say 6 months.

There is still a good supply of homes although sales are increasing and our local market is contracting a little.

What does this mean? Well if you are thinking of getting in don't you think its better to get in with Less competition and more to choose from then wait and end up paying more when the feeding frenzy starts again?

There are still buyers out there that are under the mistaken impression that it is a buyers market in all price ranges!This can't be further from the truth!! The truth is it is a buyers market in the the over $225k range or up...no in the under $200k market...

I have seen and experienced multiple offers more times than I can count in the last 3 months in the under or around $200k price bracket.

What does this all mean?? I means that if you truly want to buy now or anytime soon and find that home that really want or that will really work for you do you want to lose it over say $1000? You see once the newspaper starts printing that "real estate is back" it is too late...To late to even think about a bargain...The home prices will go up and the competition will be CONSIDERABLY HIGHER...and that is what is driving the multiple offers we are seeing NOW...competition.....you don't get Multiple offers without competition!!

So with that in mind and these words from Dana Perino at the Whitehouse we can see that we are indeed getting closer to the bottom...remember no one knows EXACTLY where the bottom will be but when sales start increasing as this article states and we work through the REO's then we will have a recovery and a leveling out...And increased competition and prices will then go up....

The investors are trickling back in as I speak....That is a CLEAR sign that the bottom is near or nearing....Do you like competition?? Do you like losing out on home after home?? If so then wait awhile....you'll have plenty of friends that will be fighting to get to the sellers table....All buyers, that waited TOO long and are now very STRESSED...Those will be the ones that will end up competing at a higher level for those cheap homes.

Remember about 5-6 years ago in real estate or so??? Those days are going to come back-sooner then you think....

The smart money is shopping NOW....the waiters will end up paying more in interest and competition....

Money loves SPEED...think about that one for a minute....

Timing is EVERYthing....what's your timing to date?

The opportunity for a great deal goes to those that time the market in the band....we are still in the band...and when it shifts....it will shift quickly and decisively...and then it will be TOO late to negotiate like you can now as a Buyer....

If you were the kid of kid that waited untl the last moment to do that book report???? well wait awhile....if you would like to get into a new home and start enjoying it in a relatively stress free time (for buyers) now is the time to start that research....Get that home and watch all those others scramble in the coming future....and scramble they will again...

HOME SALES SEE BIGGEST GAIN SINCE 2003....

THE TIME IS NOW...THE INVENTORY IS THERE....WHAT WILL YOU DO?

Regards

Rick Goates

ECO Broker

Redding Ca

96001

Incorporating passive solar in your home construction make sense...dollars and sense! Many people don't consider this option when designing their new home.Passive solar add value to a home and the cost is very reasonable for the investment.

Here is a link to information that will help you learn all about passive solar from a website that has a lot of good info.This article covers direct gain indirect gain and other passive topics.

Here's to adding value and efficiency to your next home or purchasing one that utilizes passive solar.

Below is an example of a local Straw-bale home that utilizes passive solar...this Straw-bale home is in Shasta County and is a prime example of what eco friendly people are doing.Notice the elongated east-west design and the covered patio all the way around.

Regards

Rick Goates

ECO Broker

We are in a time of decreasing home values....it is a time of stress...mostly on the sellers part.The buyers are in control...and the ones that qualify or have cash are calling the shots.One of the most frequently asked questions on listing appointments is "How Much is my Home Worth?"

The answer to that question is a pretty simple and straight forward...What a willing and able buyer is willing to pay for it....plain and simple....Most sellers don't like hearing this...but it is the truth....

I sold my home in the recent past or it transferred title and it went for a lot less than I thought it should go for...did that make me happy at the time...well no....I don't know Anyone that enjoys taking less that what they feel they should get....but if they want to SELL their home right now the smart ones are pricing correctly and taking reasonable offers....

There are two key things that sell real estate....marketing and price....If your home is exposed to the market and it sits then we know it is the price and time that will be needed....

Sellers have a funny way of trying to figure out what is wrong and are looking out there for why the home is sitting and not getting showings or offers....

If there is a question on the value of a home the best thing to do is to get an appraisal...yes it's $375 bucks right up front....but doesn't it make sense to KNOW what the home is worth and then start from there instead of start TOO high and take Much less later after reducing it 10 times??

I have only had one couple to date that did NOT want to get an appraisal...Their price and mine were about $100k apart on a home in the 500k range...they said "Rick we don't want to get an appraisal because we know that it won't come in at our number"....Wow....

These nice folks are going to wait the market out until "Their home gets to their number"...best guess they will be waiting about 4 years.....

What is a home worth??? Its worth what a BUYER thinks it is worth...and not a penny more...Unless you want to keep it....

AS BRIAN TRACY SAYS-

"THE LAW OF SUBJECTIVE VALUE:ALL VALUE IS IN THE EYE OF THE BEHOLDER.THERE IS NO SET VALUE FOR ANYTHING.SOMETHING IS ONLY WORTH WHAT SOMEONE ELSE IS WILLING TO PAY.THE PERSON WILLING TO PAY ULTIMATELY DETERMINES THE TRUE VALUE OF ANY ITEM"

Brian Tracy....

Good words...and I have to agree as it is the truth...hard to hear maybe....but the truth none the less!

To the truth...as painful as it can be at times!

Regards

Rick Goates

Not everyone can appreciate a home built with straw...In fact many in this area say....What? Did you say straw? The stuff they feed animals??

Education is important in many areas of life and in home construction Straw-bale stands up with some of the other Superior building methods.

There are so many benefits to Straw-bale construction....for starters-

1. Super low electric bills....Straw has an incredible insulation factor...as high as R-55

2.Super low noise from the outside...they are virtually sound proof...the thick walls lend to many sleep filled nights!

3.They are very fire resistant...the walls are sealed inside and out with plaster of paris.There is very little if any air in the walls so a fire wouldn't have the necessary element to take off-air!

4.The home stays in a range from between about 55-80 regardless of the outside temps...granted if it is 120 outside it is going to be above 80 indoors but they have a range similar to a concrete home.

This home located outside of Redding California is one example of a quality home constructed by people that knew what they were doing.It has touches and features in it that you don't find it the traditional "Tract"home.

The owners put their hearts and souls into this home and it shows...it has that "good" feeling to it!

There is an outside shop to work on those hobbies and projects that is 20x30 in size with water and power.

Contact me today for more details on this immaculate custom ECO home....I am available to show it to you at anytime!

Regards

Rick Goates

ECO Broker

Redding CA

530-248-5627

GET MORE INFO AND PICTURES HERE NOW!

I read a lot of advise on the Internet about how to get a deal or a steal on an REO...a bank owned home.The problem is that most of it is not correct for our local market here in Redding California.I read where you should be able to offer the bank 5-10% below the asking price and you should be able to take the home off the banks hands....banks hate to own real estate.

The last part is true...banks don't like to own real estate...fair enough but getting a REO under what the bank is asking is the hardest part.Why you ask? Well for the vast majority of REO's right now in Redding that are in a good area,in good condition AND priced at or under $200k there are Multiple offers....Yes Multiple....

You see I haven't read about THAT in any articles on the Internet or in the Newspaper? There seems to be a black hole on what is actually happening in this market segment.

I had some clients in the recent past that wrote an offer on a REO...they make their offer $20k BELOW what the bank had the property priced at....They didn't get it...I even suggested they go much higher but they didn't want any part of that advice! They were upset and called and asked WHY they didn't get the home???

The answer-YOU GOT BLOW OUT OF THE WATER!!! THE HOME SOLD FOR OVER THE LISTED PRICE!!! Pretty simple deal....but they thought they should have been able to steal the home for way under the listed price....mmmm Wonder where they got that idea?? They just knew that it couldn't be right that they did not get it for their price....

Well long story short we parted company...and that is OK...as it was frustrating to work with someone that came across as knowing more about real estate than I did.They thought something was fishy with the deal....no not fishy at all....you got blow out of the water on your price that's all.....

This is a prime example of theory....see theory right now states that it is a Buyers market and theory would have one believe that you can steal a home...and there are some out there that you can get for 15-25% off....Now REALITY...you have to know which ones those are....and if your Theory is wrong on any particular home you will experience what these nice folks did....BAM....you will get blown out of the water...writing an offer that will be trumped by even the novalist investor....

Investors are coming back into the local Redding California market right now...and getting a nice REO that is priced right for a song....well that is Theory....Reality is that you will be competing again 4-15 others if indeed the home is priced right and is in a good area....

The same things hold true and always will ... LOCATION,LOCATION,LOCATION.....

For the REO's in the best locations??? Any guess if ones theory of stealing it will hold water?

To knowing the steals and deals from the dogs and the Frogs!

Regards

Rick Goates

Eco Broker

Redding Ca

96001

530-248-5627

Ok ok I will admit it... I was wrong...there was a time recently when I thought we would not be seeing multiple offers on REO's...I figured that many of the buyers out there would be waiting for that "Better deal"...well guess what? I was wrong... I just wrote an offer on a bank owned home for a client of mine....a very good client...and he lost out...again...

Investors are back in the game...at least here locally in the Redding Ca area....I can't say what others are experiencing in other areas of the state and country but I can tell you one thing....In Redding right now if you want to stand a chance and get invited to the "Highest and best" party...you had better have a good offer on any of the "Good" REO's that are on the market...

Now I am not talking about the former Crack house over by the tracks...I am talking about ANY nice home in a good area that is priced RIGHT to start with....

What is that MAGIC price right now you ask??? WELL let me tell you...The Magic price point or range right now is ANYTHING UNDER 200K AND ESPECIALLY $180K AND UNDER....

There ok the cat is out of the bag....and running.....

Get their quick....get there prepared...get that approval letter BEFORE you find the home if you can and get ready...because it is competitive right now in this price range on REO's....

Good luck to you....

Regards,

Rick Goates

Jim Cramer? Who is Jim Cramer and why should I care you ask? Good question...Jim Cramer is only one of many experts when it comes to stocks and investing...but you know what? He is right MUCH more than he is wrong and he used to be a Successful Hedge Fund manager....You know the kind that makes Billion Dollar moves...With other peoples money to make money....

When Jim Cramer says “Whatever money you may need for the next five years, please take it out of the stock market right now".....Wow no wonder some on WALL STREET are giving him the EVIL eye right now!!

With Investors starting to come back into the local real estate market right now I have to feel that our area is not unlike other areas....

Are there any other good areas to invest right now that offer the potential for appreciation with tax write offs that I am not aware of?? If so please forward them to me.....please.....

To Investors....To those that dare to purchase on the way down BEFORE it hits the bottom! Less competition that way.....

    @  @

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Here's to running Again to get those offers in on those cheap homes!! Reminds me of the old days with 10 offers!!

Don't want to get back into the real estate market quite yet??? You must like serious competition then...because when the first newspaper comes out with "Real estate is back"....poof...it's to late for that DEAL....

Rick Goates

ECO Broker

Redding Ca

The over $250k market in the greater Redding Ca area is still tough...If you are in the $500k+ market...well...keep saying those prayers....your going to need them-if you are Over priced!

Here are the top pics that will virtually GUARANTEE that your home will not sell in "This Market"-

#1. Price your home over or at the current market price! What do I mean by that? Well if your home is listed at $529k and the market says it should be at $499k then you can be pretty much guaranteed that you won't sell....(and that you take less later).But Rick you say I should price my home AT the market that's what my agent wants to do!! Well then lets take the example of a ball rolling down the hill....do you want to chase it to the bottom or catch it and sell your home?? Get the picture?

#2. Make sure that you have to make an appointment to show the home...24+ hours is a guarantee to turn the buyer off...followed by the "Listing agent must be present to show"...ahh another great turn off...trying to co ordinate everyones schedule can take a day or two usually...

Sin number two is a fairly common one....YOU HAVE TO MAKE IT EASY ON THE BUYER AND BUYERS AGENT TO SEE...NOT YOURSELVES! The Buyer doesn't care what you want...Keep that in mind....

#3. Having a home that needs work and you say "Well just let them make an offer and we can talk about it"...the odds are...that you won't get that offer...and probably not too many showings either! People have so much to choose from that if your home needs work AND you are overpriced?? Might as well just get back to bed and finish that dream...because dreaming is what you are doing! Houese must be turn key and staged to have the greatest impact....anything less and you will be lumped in with the 1700 that are not selling!

#4. Offer a reduced commission...now there's a really great way to ensure that your home is not shown or doesn't have a chance to sell if you do this...Saving that $2500 on commission will cost you in the long run. How...well first off there is SO much to choose from that  most agents will pull listings to show their clients..the list is usually long so the homes with the lowest commissions are at the bottom of some agents "Must show list". Then IF there is enough time, then your home gets shown....That is not right you say??? Well that might be so but if your living were dependent on helping people and making a commission ONLY,  what you do if you were the agent? Show the home with the lowest commission first you say?? Well good for you!! That is what you should do if you are a great agent....but that is not reality....good theory though!

Is your home sitting right now and nothing is happening??? Please refer to Number 1 ABOVE....

Happy selling.....

Regards

Rick Goates

Yes that is a loaded question...you would have to be dead to not see what is going on in the stock market....The stock guys will tell you that your home is to live in and stocks will make you more money...Where are they now?/ What tree are they hiding behind??

Look back 20-30 years...now take a property....any property... a home or land or? It really doesn't matter...now take a look at what this property is worth today?? Is it more or less than it was 20 years ago??? You see my point...

Real Estate offers the investor the confidence of renting the property out, the tax benefits and the chance for appreciation...What combination do stocks offer?

I think the investors are figuring this out! If it is any indication of what is happening here locally with the under $200k homes then it quite clear that Investors understand this also....5 offers, 11 offers, 28 offers...all on REO properties...all here in River City...and all in the last 3 months!

What do these properties all have in common to get SO much interest you ask?? Well they all were right around or under $200k...they all had potential and they all were in Redding....

If anyone tells you there are not buyers out there....They are lying to you!! There are PLENTY OF BUYERS OUT THERE....what do they all want?? They ALL want a DEAL!!! A Deal...not a home that is at market or above...a DEAL!!

What does this tell you if you are trying to sell right now and are not having any luck or no showings?????mmmm

Sellers need to get out of their heads and into the buyers head right now....Price it to sell and advertise it...if you don't get any activity on it then see the above!!!

Provide a nice home in a good area at a GREAT price and what do you get??? A SALE sign in the front yard....

Anything less and you have what the other 1785 people have right now in our area.... a real estate sign in the front yard....

There are some absolute DEALS out there....This time of uncertainty is a very uncomfortable one for many...As Warren Buffet says "you buy when others are scared and selling"...you sell when they figure it out and want back in".

Now is an opportune time in history if you didn't get the chance or take the chance back in 1991-1992...

Call today for an appointment to see just how YOU can benefit from investing now instead of later...

Rick Goates

ECO Broker

Redding Ca

96001

530-248-5627

The market is difficult right...I don't think that is a real secret...look around and you can see that.If you are selling your greater Redding California home answer the following questions if you want to stand a chance on getting your home sold.

#1. Who cares?

#2. What's in it for me?

#3. What makes your home so special when it is more than all the others on the market and in the area?But I don't care about that!

#4. Why would I want your home when the one down the street is much less?

#5. Why should I purchase your home when I can get a REO for $10,$20,$30k less!

#6. Will you sell me your home at a VALUE price? My price?

#7. Why is your home on the market if you won't price your home at a value price so it will sell?

#8. I don't care what you want...I want a deal....will you give me a deal on your home?

When you answer these questions and have your price right and your marketing out there to EVERYONE-where it counts THEN you stand a chance...and only then.

You see the honest truth is Buyers DON'T care about what you think is important...they don't...real estate right now is a commodity...if they don't like your home or it is TOO high in price they will buy another one!! Pretty simple...To them....

Buyers right now are picky...and you know what, they can be....unless they are shopping in the Under $200k market...Then the fact is, in that segment, it's actually a SELLER's market for homes that are priced right/in good areas/ and are in decent shape! 

Yes you read me right a SELLERS market in the under $200k segment...don't believe me...try writing an offer right now on one of these REOS that comes out under $200k and see what happens!! You will be blown away by the 5-10-20 offers the listing agent has on it!!! Not to mention you will be surprised that more times than not right now the home ALWAYS sells for MORE than the listed price!! In the under $200k market that is....

You see Buyers are just like you....they want to know what is in it for them.....You need to SPEAK to THEIR wants and needs and you need to be at the best price in the AREA not the street to get your home SOLD....

There are plenty of homes on the Market right now....1840 approx and about 5% are IN the market...That means priced RIGHT.....Where are you??? On the market or in it???

You will know if you are in the market or just on the market by the activity that you are having...many showings and an offer.....YOU ARE IN THE MARKET....NO SHOWINGS AND NO OFFERS....YOU ARE ON THE MARKET....

The question is "DO YOU REALLY WANT TO SELL RIGHT NOW?" IF YOU DO YOU MUST DO WHAT IT TAKES...IF YOU DON'T THAT'S OK...JUST TAKE YOUR HOME OFF THE MARKET AND SAVE YOURSELF SOME STRESS!!

You see the buyers out there don't care that your home has a new roof or has a better fence or has a $50k pool or has more cabinets...they want a DEAL...They want VALUE for the money....They don't care that replaced the fence or air conditioner and now want to add that to the list price.....

THERE ARE TONS OF BUYERS OUT THERE DON'T BE FOOLED....They ALL want the SAME thing...a DEAL!!

Is your home a DEAL???

If you want your home SOLD and not just LISTED call me...If you want to price it at your price because your home is the "Best one in the area" then please call another agent that loves to take over priced listings...there are plenty of them...

You probably will not like what I tell you about where you need to be to SELL your home...in fact I pretty much guarantee that...BUT you know what? I will tell you what it takes!!! What it takes to SELL your home in THIS market....then it is up to YOU if you want to take that professional advice or take LESS later....

Picture a ball rolling down the hill...that is what is happening right now...you either CHASE the ball or you get in front of the BALL and get your home sold....Get it....The choice is YOURS....The advice is free...What will you decide??

KNOW THE MARKET...KNOW THE NUMBERS...IF YOU DON'T HIRE A PROFESSIONAL THAT DOES... If the one you get doesn't get one that DOES...You have too...There is money at stake!! YOURS***

And when you do get that professional that does know what is going on and explains it to you in detail...LISTEN!!! LISTEN AND TAKE THEIR ADVICE**

Choose wisely...and do what it takes...! IF you truly WANT to sell....

Regards

Rick Goates

ECO Broker

Redding CA

96001

530-248-5627

http://www.inforedding.com

President Bush signed the bailout bill that was recently agreed upon.What real choice did he have? Not any the way that I see it.We are in the middle of a real problem and this bill will help out but it is not the magic bullet to fix all and end this mess overnight.

It will take time to work through this "mess" we have but with this new bill passed there will at least be some stability in the marketplace...

We still have to work through a ton of REO's and get them behind us before we are our of the woods but we are now heading in the right way.

Will thinks go down before they go back up in the real estate market...probably but timing the market is like picking the winning lotto numbers!! There aren't millionaires every week!!

If you are thinking of adding to your real estate portfolio consider this...Right now in the Under $200k market here in Redding Ca we are having multiple offers on properties...THATS MULTIPLE.

You won't be waltzing in and getting an REO for less than the list price if it is in a good area and in good condition....Won't happen....There is too much competition right now in this segment...

So your best bet is to have a Realtor that watches and knows the market and what you need to win if you are in the under $200k market for a home....

If you are in the 400-++ market...no worrries...there are plenty of choices...and they are NOT going for OVER the listed price...many are reduced and reduced....This is not the segment that is HOT right now...

Contact me today for expert advice on your real estate matters if you are not working with an agent.

Regards

Rick Goates

ECO Broker

Redding Ca

96001

http://www.inforedding.com

530-248-5627

An interesting thing I have noticed here in the last couple months...Investors are getting back into the local Redding Ca real estate market.Also homes under $180k are having MULTIPLE offers on the ones that are priced RIGHT...key words...priced right!

I just got a call from a lady that wanted some info on a home and she was in the $140k or less price range...she mentioned that she had lost out on numerous homes lately with her Realtor...Why she wasn't calling her OWN Realtor you ask?? She said that she wanted to "get more information" before bothering her own agent....mmm interesting!

I can say this with conviction...if you are in the under $180k price range right now you might want to SERIOUSLY consider getting something-NOW...or it may be too late here in the near future...with the competition heating up in the lower price ranges...

Good luck

Rick