How to Buy Foreclosures in Pleasanton

Foreclosures in Pleasanton represent about 1/2 percent of all available homes in Pleasanton. Today there are 273 homes in Pleasanton for sale and 12 of them are foreclosures. So how do you as a home buyer secure one of these Pleasanton foreclosures? Well first, hire a Realtor, I know obvious first step coming from a Realtor. The foreclosure market is sweeping the nation (if you watch national news) but not so much in Pleasanton, CA.

If you want to get a deal, you need to follow these steps on scoring big and making your friends jealous.

How to make Foreclosures in Pleasanton a ‘DEAL’ and a ‘STEAL’

1. Get a list of Foreclosures in Pleasanton – email us and we will get you Foreclosures in Pleasanton
2. Research the Pleasanton neighborhood – Ironwood Pleasanton (no Foreclosures here). We recently started doing Pleasanton Neighborhood Spotlights so check back often. Also, drive around the neighborhood at off times like night and weekdays.
3. Have your ducks in a row. Approved loan, budget in mind, narrowed down neighborhoods, property type focused on… You must be ready to JUMP when the right foreclosure comes up. Remember, Pleasanton dosen’t have a lot of foreclosures, so when a deal presents itself you better be ready.
4. Remember that foreclosures are the hot buzz right now and a lot of people with a lot of cash are buying them, so have solid financing in place and your action plan set.
5. Look for bargains on fixing up the home. Find a homeowner doing a kitchen remodel and buy their cabinets, buy appliances off craigslist, flooring can also be purchased cheaply from retailers closing up shop. Not all homes need thousands upon thousands poured into them. Get a deal on the house and a deal on what you put in the house too.
6. Hire a Realtor who has sold foreclosures in Pleasanton. Nothing is worse than losing out because your agent didn’t know how to follow the banks guidelines.
7. Get inspections! Foreclosures many times are sold as-is so don’t get too far ahead of yourself with repairs and upgrades. Just because it’s sold as-is dosen’t mean you cant investigate the potential issues.
8. Ask a neighbor. See what they like about the neighborhood, or don’t like.
9. Act like a boy scout, always be prepared. Meaning do your homework and know what your getting into.
10. Call the Moxley Team! After 4 Generations of selling real estate, we can set an action plan up for you.

For a list of Foreclosures in Pleasanton email us

Updated List of Foreclosures in Pleasanton, Dublin and Tri Valley

Comment below and we will email you a list of Foreclosures in Pleasanton, Dublin, Livermore, San Ramon and Danville.

Thinking about a Foreclosure in Pleasanton or maybe a Short Sale in Dublin? Sure you are, who isn’t. I say that because many buyers are looking at Foreclosures or Short Sales in the Tri Valley as a great deal opportunity. I wrote a post in February about Foreclosures in Pleasanton and Tri Valley where I said ‘bank owned homes in Pleasanton are some serious deals.’ I now update my statement. Today many foreclosures in the Tri Valley are being listed under comparables of recently sold homes and then you have a bidding war on the home, bringing the price up. While I believe there are still ‘deals’ to be made on foreclosures, they are not the only way to go.

Change of strategy… Go for short sales if you want a deal too. Short sales in the Tri Valley will eventually become Foreclosures, so show the bank the benefit of avoiding foreclosure and hope that the listing agent and your agent know how to work a short sale, it’s an art. Also, hire an agent with short sale and foreclosure experience.

Comment below and we will email you a list of Foreclosures in Pleasanton, Dublin, Livermore, San Ramon and Danville.

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.

Stats on Foreclosures and Short Sales East Bay

If you want a Short Sale in Dublin, we can find 40. If you want a Foreclosure in Pleasanton we can find 11. If you want a Foreclosure in Blackhawk, we can find 2, sorry. Good luck finding these types of homes in Orinda, Alamo or Diablo, they are near impossible. Flip side, if you want a foreclosure in Antioch, 47% of homes for sale are your choice. So why the drastic change in numbers? Read my post Is Your Home Convenient for some answers.

View the chart below for some more stats on Short Sales and Foreclosures in Pleasanton, Dublin, Livermore and the Tri Valley.

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A Bit of Finance Advice For You

Foreclosures in Pleasanton, Short Sales in Dublin Ranch, the weather, the Boston Celtics – This is what’s hot today.

My point is this – Foreclosures in Dublin and Foreclosures in Pleasanton get there because sometimes personal finance is overlooked.
A few tips to avoid a short sale in Pleasanton or if you are looking to purchase a short sale in Dublin Ranch or a short sale in Pleasanton you need financing and here are some things to do to help your personal finance:

Rule #1 – Only borrow money to buy things that increase in value.

Education, a home, your business. Cash for everything else.

When you use a credit card you borrow money to pay for something. How does it make sense to pay for shoes or a dinner out on a credit card with debt attached already? It is decreasing in value and goes against Rule #1.

If you want to get out of debt and / or buy a house while we are seeing an increase in certain areas, here is what to do.

LIVE BELOW YOUR MEANS
No Dinners out
No new clothing
No coffee in the morning
No cable
No name brands
Carpool to work
Skip Vacation
Rent out a room
LIVE LIKE YOU HAVE NO MONEY

You WILL save thousands and pay off the credit cards. Cleaning up the credit will take less time than you think and you will then be able to buy more things, but this time they will increase in value.

Foreclosures in Pleasanton Are Interesting…

When you think foreclosures you may think Stockton or the Central Valley, but there are Foreclosures in Pleasanton too. While Foreclosures in Pleasanton are not very common because they are a lot of times sold in a short sale, some homes are foreclosed on. We have a program (not the MLS) where we can search Pre-Foreclosures, Foreclosures, and Auction home (it’s pricey, but we can give you the info for free, if you ask). Example, there are foreclosures in Ruby Hill, Downtown, the Preserve and Birdland. Only thing is foreclosures in Pleasanton are not advertised like a resale home with an agent is because the bank is many times hours and time zones away. Pleasanton has not seen as drastic of price drops because of the schools, location, and quality of life, so finding a foreclosure in Pleasanton can sometimes be hard if you don’t know where to look, or how to look. If you are interested in Foreclosures in Pleasanton, let us know and we will send you a list of foreclosures in any city you want. Foreclosures in Pleasanton, foreclosures in Dublin, Foreclosures in San Ramon or Foreclosures in Danville. Comment below and the info will be sent.