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Sandi Bauman
Chico Realtor

2571 California Park Drive Suite 200 Chico, CA 95928
cell: 530-864-5407
email: [email protected]

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January 2013 Closings, The Sandi Bauman Team at Chico Homes Real Estate Sales

The Sandi Bauman Team Stats for January

Everybody says January is a slow month for sales. We beg to differ. See below.

Many potential sellers have been waiting for the distressed market to run it’s course, so that property values would stabilize and begin to recover. If you’re one of those homeowners, the Chico real estate market finally has good news for you!  Chico prices have improved by about 5.7% in the past 12 months. Combine that with super low interest rates and reduced inventory, and we might be looking at the exact opportunity that many homeowners have been waiting for.

One of the most important decisions a seller has to make, aside from timing, is which Realtor they should entrust to list, market, and negotiate their property.

What is important to consider when partnering with a professional? Do you need a big box, commercialized brand that feels familiar? Will a fleet of agents working for the company instill a sense of confidence? Should the Realtor have the shiniest car in the lot?  Open houses all weekend?  Is their website the deciding factor?  A snazzy name tag?

The Sandi Bauman Team at Chico Homes is a little non-traditional. Some would say that we buck the system a bit. Truth be told, we kind of like it that way, because it works for us and our clients. Because we think outside the box, our compact team packs a serious punch. With one dedicated listing broker, three committed buyer specialists, and three top notch transaction coordinators, we often out-perform the offices with agent counts of 30 or more. We’ve chosen to focus our skills, streamline our systems, and dedicated ourselves to providing a refined service. Perhaps most importantly, we truly CARE that we are doing the best possible job that we know how to do for our clients.

Ready to list?

Year to date, we’ve outperformed our competiton 3 to 1 on the listing side. It would be our pleasure and privilege to make YOUR story OUR next success story.

Call Top Chico Listing Agent Sandi Bauman! 530-864-5407.

SOLD BUYER OR SELLER PRICE
1. 797 College Hill, Paradise Buyer/Seller $135000
2. 14888 Carnegie, Magalia Seller $54500
3. 4907 O’Donnell, Forest Ranch Buyer/Seller $61000
4. 2139 Ceres, Chico Seller $189900
5. 13617 Lander, Magalia Seller $46000
6. 1194 Gossamer, Chico Seller $194000
7. 950 East, Chico Seller $310000
8. 6397 Zuckerman, Magalia Buyer $74500
9. 6366 Zuckerman, Magalia Seller $67600
10. 1769 Stark, Paradise Buyer/Seller $86000
11. 1201 Palm, Chico Seller $180000
12. 39 River Bluff, Oroville Seller $100000
13. 515 Eden, Paradise Buyer $95000
14. 17184 Manzanita, Sterling City Buyer/Seller $51300
15. 656 E 20th, Chico Buyer $115500
16. 3785 White Springs, Paradise Seller $212900
17. 6165 Some, Magalia Buyer/Seller $73000
18. 741 Gardella, Oroville Seller $72100
19. 5785 Copeland, Paradise Buyer/Seller $61199
20. 680 El Varano, Chico Buyer $160000
NOW PENDING! BUYER OR SELLER LIST PRICE
1. 286 Torry, Oroville Seller $196225
2. 8899 Skyway, Paradise Seller $7490000
3. 9244 Cohasset, Cohasset Seller $89900
4. 14858 Colter, Magalia Seller $109900
5. 196 Vista Del Rio, Gridley Seller $119900
6. 2300 Kennedy, Chico Buyer/Seller $194000
7. 9491 Perkins, Dayton Seller $129900
8. 4520 Lower Wyandotte, Oroville Seller $133500
9. 6366 Zuckerman, Magalia Seller $67600
10. 375 W Lassen #11, Chico Seller $139900
11. 3033 Burnap, Chico Buyer/Seller $139900
12. 5465 Princeton, Paradise Seller $139900
13. 6439 Gregory, Paradise Seller $154900
14. 2 Olympus, Chico Seller $169990
15. 1940 Indiana, Gridley Seller $174900
16. 1919 Feather, Oroville Seller $194900
17. 15 Melrose, Oroville Seller $209900
18. 741 Gardella, Oroville Seller $72100
19. 10 Shari, Chico Seller $244125
20. 449 Sequoyah, Chico Seller $249900
21. 2625 Vistamont, Chico Seller $249900
22. 1114 Nord Chico Buyer $85000
23. 449 Sequoyah, Chico Seller $249900
24. 1481 Filbert, Chico Buyer $190000
25. 20 Wrangler, Chico Buyer $109000
26. 13973 Jarvis, Magalia Buyer $114900
27. 5150 Oak Haven, Chico Buyer $379000
28. 1319 Elliott, Magalia Buyer $197000
29. 5660 Lower Wyandotte, Oroville Buyer $79900
30. 1919 Feather, Oroville Seller $194900
31. 4520 Lower Wyandotte, Oroville Seller $133500
32. 2165 Mariposa, Chico Buyer $159900
33. 3669 Hildale, Oroville Buyer $169900

Our comprehensive online marketing system is proven to get solid results! A couple of our fave sites to expose my listings:

chicorealestatesource.com
chicohomesales.net
searchchicorealestate.com

Call Sandi! 530-864-5407.

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HARP Eligibility Calculator. Do You Qualify For A HARP Refinance?

The Sandi Bauman Team can help you find a reputable lender to assist you with your HARP refinance. Let us know if you would like us to find a great match for you!

Need Help?

We will help you explore your distressed property options in Chico. We service Butte, Glenn and Tehama Counties! For a confidential consultation with The Sandi Bauman Team short sale negotiators, call 530-864-5407 or email [email protected]

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Nearly Half of Listings in California Receive Multiple Offers. Consider Selling Your Chico Property!

It’s a state wide statistic. Nearly half of all listings in California are now receiving multiple offers. If you’ve been waiting for the Chico market to rebound, this may be a good time for you to list and sell your Chico Home.

My office represents a lot of buyers. Our agents and our buyers are definitely feeling the pressure of the competitive market. Buyers in lower price ranges, especially, are really struggling to get into a new home. We write the best, cleanest offer we possibly can for them, at the very top of their price range, only to get beaten out by an investor, or another buyer with a little more cash. It is quite disheartening for the buyer and agent alike. There quite simply is not enough inventory to satisfy the need, especially the the $225,000 or less price bracket.

What does this mean for you, Mr. or Mrs. Chico Seller? It means, that if you price your property at or very near market value, you’re going to sell it. FAST. If you’ve been hoping the last 5 years or so to see the end of the dropping market, your time to sell might have finally come.

Don’t hesitate to Sandi Bauman (530-864-5407) for a free listing consultation. When you’re ready to list, it’s important to choose a Broker with a strong reputation for production, ethics, and current market knowledge. Sandi Bauman and her Team sell within the top 1% of agents in the Butte County market area!

Time to sell your Chico property!

Time to sell your Chico property!

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Which Chico Realtor Should You Hire to Sell Your Home?

by Mike Wiegert

So life takes another turn and now it’s time to get down to the business of selling your Chico home. You’ve been told that you should interview three or more Chico Realtors to determine who is most suitable to accompany you on your journey. Your agent needs to be honest, knowledgeable, experienced, successful and above all, your advocate when dealing with a buyer.

Your deductive reasoning tells you that you want to interview one agent who has worked with someone you trust. Another inner voice tells you to call the largest company in town and get their top producer. Maybe a third option is that nice Mr. X down the street who waves every morning.

Now here come the Chico Realtors with their smiling faces, newly pressed business suits and freshly washed luxury cars. Oh gosh, they all seem so nice!

Realtor number one is impressive. He has really done his homework and presents you with all the competitive sales and listings in your neighborhood.. Although complimentary of your home, he spends the time to make you aware of some of your home’s weak points and areas that you could improve to get a maximum price for your home.

Realtor number two crosses the threshold in a blaze of glory. You are instantly made aware that she has been salesperson of the month for an infinite period of time and that no one knows real estate like she does. Your home will fit nicely into her stable of homes and it really reminds her of the house she just closed down the street. She rushes off to ninety more appointments that day and presses her glossy real estate card with all the discount offers on the back into your now trembling hand.

Softly a knock on the door is heard and upon opening you find Chico Realtor number three (and neighbor) enveloped in a warm and almost ethereal glow. Number three is not holding any competitive sales or listings, no fancy folders with glossy pictures of happy buyers and sellers, nothing at all. Just all smiles and warmth. Number three strongly disagrees with the market analysis of the first two. He knows this neighborhood. He lives here. Your home is better than everybody else’s. He can get you a lot more than the others. So now you are really excited! Realtor number three is soooooo nice, and he’s going to get you a lot more for your home, right?

Wrong!

Unfortunately, many sellers often choose the Chico Realtor or listing agent who suggests the highest list price, which is the worst mistake a seller can make.

In a market such as ours, the only opinion of value that matters is the buyer who makes an offer. Todays buyers know the market. They’ve researched the neighborhood and know what has sold and what hasn’t. Money is tight and they’re not about to part with theirs capriciously. They also know that if you don’t take their offer, some other motivated Seller will. Pricing a home is not an exact science but with proper knowledge of recent sales and competitive inventory these educated findings will put you close to the actual market value.

But now you’re caught in the trap. Number three has convinced you that he is the best Realtor for the job. What has just happened is called “he bought your listing”. Your agent makes a practice of preying on a common weakness, you love your home. You really believe that it IS superior to most homes in the neighborhood. I wish it was, but it isn’t. Your friendly Realtor will be calling you in the next 15-30 days complaining about poor market conditions and rising interest rates. He will beg you to lower the price.

Unfortunately, you will find yourself spending a lot more than the average market time to sell your “shopworn” home. More often than not you’ll get significantly less than the price you would have if you had priced it right the first time. Do you drive all over town looking for the highest priced meats and vegetables of the same quality? Real estate is not a whole lot different and the prudent Seller accepts this fact.

Next week, we’ll spend a few more “moments” looking at common mistakes Sellers can make.

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Short escrow? Get your ducks in a row BEFORE you make an offer.

There is no disputing the fact that Chico, CA is currently in what is commonly known as a “Buyer’s Market.”

That is FABULOUS news for all the buyers out there who have patiently been waiting for this day. The inventory is high, the prices have dropped, and the interest rates are still phenomenal!

Now is the time to get a great deal! fall leaf floating on Cal Park Lake, Chico CA

A “Buyer’s Market” is a wonderful thing. A Chico, CA home that might have cost $400,000 in 2005 may only set you back $350,000 today. On average, prices seem to have corrected between 10 and 15 percent for residential properties.

I have noticed a growing trend with buyers. In an effort to get the absolute lowest price on a property, they attempt to entice the sellers with a very short escrow period. For some sellers, a quick sale in this market is a dream come true! They need out from under that house payment, and will gladly accept less than asking price just to be DONE.

However, when representing a seller, I have had to caution against signing the first contract we see, simply because the buyer promises to make it the pain go away with a 10 day escrow. The offer to close in 10 days is an empty one if the buyer has not done his homework.

The following items must be taken into consideration to close an escrow quickly:

  • Is the buyer preapproved?
  • Is the lender local and knowledgeable about our issues and resources?
  • Is the lender willing to commit to closing on time?
  • What kind of loan product is the buyer applying for? A VA loan, for instance, is highly unlikely to close in less than 30 days.
  • What inspections does the buyer request? Well potability tests may require 14 days or more to obtain results.
  • Can we get the appraisal completed immediately?
  • Will repairs be required by the lender to fund the loan? If so, is there a contractor available to bid, complete, and final the work within a days notice?

An escrow that closes quickly can be a wonderful solution for both the buyer and the seller, but it doesn’t happen without forethought, preparation, and a willingness for all parties to be focused on immediate results.

If you are a buyer, hoping to get the best deal of the year by offering to close quickly, get your ducks in a row BEFORE you make an offer. No seller in their right mind will accept your offer if you aren’t prepared to close the deal.

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Shopping for Chico foreclosure property? Give me a call- I’m currently working with several REO departments on bank-owned Chico property. Sandi Bauman 530-864-5407

Looking to buy or sell Chico CA Real Estate? Need a Top Producing Chico CA Realtor? Call Sandi Bauman 530-864-5407 or email [email protected] Specializing in REO, residential, relocation, investment & ag property.

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My perspective: The Chico, CA Real Estate Market is not THAT bad!

Call me a hopeless optimist if you like, but I don’t think the Chico CA real estate market is half as bad as everyone makes it out to be!

Blog pics Glass half fullThe power that the media has on people’s perception of reality is both amazing and frightening.Considering the facts stated below, can anyone really argue that the Chico CA real estate market is all that horrible?

These numbers represent all class of property including single family homes, residential income, commercial, manufactured homes, vacant land, ranches and farms, year to date as reported by the Sierra North Valley MLS.

Year Listed Sold % Listed Sold Avg List Price Avg Sold Price List/Sold DOM

2007 6498 2067 31.81% $303,327 $289,171 95.33% 92

2006 7401 2430 32.83% $302,084 $290,848 96.28% 73

I’m thinking the numbers look pretty gosh darn good! My biggest caution to sellers would be to expect an extra 20 days on the market for a reasonably priced house to sell.

To sum it up, approximately 40 less properties per month have sold in 2007 than in 2006. Nearly 400 Chico Realtors have closed at least one transaction this year!

Compared to the statistics that are being posted for other regions in the United States, I really think that Chico CA has faired very well. Take Ponciana, FL for instance. Only 1.77% of their total inventory is actually selling! It appears that Chico CA property is a safer investment than you might find somewhere else.

Am I really the only one seeing this glass half full?

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Click here to SUBSCRIBE to Chico CA Real Estate Blog and MLS Listings Search

Looking to buy or sell Chico CA Real Estate? Need a Top Producing Chico CA Realtor? Call Sandi Bauman 530-864-5407 or email [email protected] Specializing in REO, residential, relocation, investment & ag property.

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Sandi Bauman (Chico Homes): Real Estate Agent in Chico, Butte County, California
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