How to buy an investment property in the Tri Valley

So you are thinking about buying an investment property and thinking about a foreclosure in Pleasanton or a short sale in Dublin. Unfortunately every time one comes up that is a deal, you get out bid or can’t get an offer in soon enough because you are too late.

For a list of foreclosures or short sales in the Tri Valley comment below.

Here is a game plan incase you don’t have one:

1. At the least get pre-approved, even if you think it will be no problem to do so. If your offer on that short sale in Dublin Ranch does not have one, the bank won’t look at your offer, sorry.

2. Know what you are looking for. 3 bedroom minimum in Pleasanton, must have garage, close to school, no pool, single level, indoor laundry… Focus on those properties you want only.

3. If it’s a rental, know neighborhood rents and be conservative. Don’t forget HOA dues. Dublin Ranch condos are a great investment with prices below $400,000 and rents above $2,000.

4. Looking at a fixer? Don’t sweat the appliances being gone or destroyed carpets and paint. Those are easy to take care of – Visit the Sears Outlet Store in San Leandro. How is the structure? How is the roof? How are the schools? Latest on Tri Valley School scores.

5. Be realistic in pricing. $400,000 condo in Dublin Ranch rents for $2,300. If you put 20% down your payments are pretty close to even cash flow. Most investors looking for a property like this will not go much higher than $400,000, so it will be hard to get it for $350,000. Think about who else might be looking at that foreclosure in Pleasanton you have an eye on.

6. Sweeten the deal. Short sale in Dublin was just secured for our buyers because the seller wanted to stay in the home and the buyer wanted a renter. We told the seller they could stay in the home. Offer Accepted! What makes your offer different from the other 7 offers written?

7. Not everyone is hurting. Even if the economy is ‘weak’ there are a lot of people with money investing in properties and flipping homes. Right now the competition for buyers is an investor who has done their homework. Have you done your homework? If you have, you will get an A in investing and make some great money from this market.

If you would like us to help you develop a plan, email us here.

For a list of foreclosures or short sales comment below.

Remember to do your homework. Here is a post covering that idea. Is Your Home Convenient.

Tri Valley Home Sales Update September ‘08

Do you watch the news, read the papers or other real estate blogs? If you do then you know interest rates took a drop this week. Pleasanton Home Sales, San Ramon Home Sales, Dublin Home Sales, Danville Home Sales and Livermore Home Sales will hopefully see a continued increase in home values as we are starting to see in Pleasanton, San Ramon and Danville from the drop in rates. Visit the Housing Value Stats page.

Tri Valley Home Sales Update September ‘08

Pleasanton Home Sales

Dublin Home Sales

Dublin Ranch Condo Sales

Livermore Home Sales

San Ramon Home Sales

Danville Home Sales

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Tri Valley Home Sales Update August ‘08

Pleasanton Home Sales, San Ramon Home Sales, Dublin Home Sales, Danville Home Sales and Livermore Home Sales for July again saw decrease in Days on Market! This is due to either an increase in the number of homes sold, decrease in number of available homes or both. Check the home sales of your city below.

Tri Valley Home Sales Update August ‘08

Pleasanton Home Sales

Dublin Home Sales

Dublin Ranch Condo Sales

Livermore Home Sales

San Ramon Home Sales

Danville Home Sales

Past Months Sales Updates

July Home Sales

June Home Sales

May Home Sales

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20 Years of Dublin, Livermore and Pleasanton Home Sales Numbers

Median Prices of Homes in Pleasanton have obviously increased from 1988. As well as Dublin Home sales and Livermore prices.

Here are some numbers for Median Prices of Single Family Homes…

1988 Pleasanton Home in January was $189,000 (interest rate 10.38)

1991 Livermore Home in January was $200,000 (interest rate 9.64)

1999 Dublin Home in September was $320,000 (interest rate 7.82)

FAST FORWARD… May of 2008

Pleasanton Home $1,044,570

Livermore Home $518,469

Dublin Home $640,717

Here is a full report of Median Prices of Pleasanton, Dublin and Livermore Homes

Pleasanton Median Price History

Livermore Median Price History

Dublin Median Price History

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Tri Valley Home Sales for July ‘08

Pleasanton Home Sales, San Ramon Home Sales, Dublin Home Sales, Danville Home Sales and Livermore Home Sales for June all saw an increase in sales as well as a decrease in Days on Market! Good news for Tri Valley Home owners.

Past months sales

June Home Sales

May Home Sales

Tri Valley Home Sales

Pleasanton Home Sales

Dublin Home Sales

Dublin Ranch Condo Sales

Livermore Home Sales

Danville Home Sales

San Ramon Home Sales

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Condos Dublin Ranch Update

Condos in Dublin Ranch have been seeing an increase in sales for some time. We wrote on the increase in activity of Condos in Dublin Ranch in March Dublin Ranch Condos – Receiving Multiple Bids, again we wrote an offer last week on a Condo in Dublin Ranch and were one of 4 offers, and our clients were able to secure the home!! I know of 3 other Dublin Ranch Condos which received multiple bids in the last 2 weeks.

Here is a link to Dublin Ranch Condo Sales from April 1st. They range in days on market from 5 days to over 100, but these are numbers we have not seen in Condos in Dublin Ranch for some time. Dublin Ranch Condo Sales. Also, when I was looking for a client who wanted a Condo in Dublin Ranch I could find almost 20 a year ago to choose from, now I’m limited to a handful.

Reasons for increase in Dublin Ranch Condo Sales:
1. Pricing is Great- Starting Low $400k for a 2 bedroom 1,400sf.
2. Supply – There are only a few ‘quality’ Condos in Dublin Ranch to choose from at a given time
3. Rent – Dublin Ranch Condos rent from $2,000 to $2500
4. Financing – 5% down for FHA loans and pricing is at the FHA guidelines
5. Quality – Compared to other Condos around $400k, Dublin Ranch Condos are superior. Built by luxury builder Toll Brothers
5. Amenities – Gym, pool(s), spa, clubhouse, outdoor fireplaces, garages
6. Developments – Promenade, Grafton Station, Grafton Plaza, Hacienda Crossings
7. Location – 5 minute drive to BART, 580 / 680 freeway, Ace train

If you are interested in seeing a Dublin Ranch Condo or want more information on Dublin Ranch, comment below.