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Chico CA Real Estate

Chico Homes

Sandi Bauman
Chico Realtor

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

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Chico Real Estate Inventory Is LOW. List Now.

Chico’s home inventory level is LOW! If you’ve been kicking around the idea of selling, now is the time to call us for a FREE Home Valuation.

Just how low is LOW?

Well, as of this morning, there were only 128 single family detached homes still available in Chico. In my 12 years of real estate, I do not recall inventory ever being this low. Last January we had 229!

To put that 128 number into perspective, 77 homes sold in Chico in November, and 55 sold in December. At the rate which homes are selling, if no new homes were to come on the market in Chico, we would not have any inventory to sell after about a month!

Suffice it to say, buyer’s agents are working extra hard to find properties to suit their buyer’s needs. When a property is priced correctly, it is likely receiving multiple offers in a short amount of time. If buyers and agents aren’t right on top of it, they will miss the sale.

Average days on market? 18
Sale price compared to original price? 99.7%
Median Sales Price? $310,000. That statistic is up 6% from January 2015.

LIST YOUR HOME NOW TO TAKE ADVANTAGE OF LOW INVENTORY

Traditional wisdom tells us that the best time to list is in the spring. After all, the flowers are blooming, the grass is green, the birds are chirping. Unfortunately, a large number of other Chico sellers will be putting their homes on the market at the same time. Why wait until there is more competition?

Ready to sell?

Please call Sandi Bauman at 530-864-5407 or email [email protected]

It would be my pleasure to discuss your unique property and potential market value.

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Squatters Take Over Vacant Chico Homes

The interesting part? This nasty looking house will likely sell very quickly once it hits the market. Priced correctly by the seller, it’s a perfect flip in the making for an investor or industrious owner occupant!

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Congrats to First Time Home Owner Lindsey!

We LOVE this part of our job…. handing the keys over to an excited new home owner! First time buyers are such a privilege to assist!

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Lindsey, CONGRATULATIONS on your new home! What an exciting step for you! We wish you many, many years of happy memories. Tara and the whole team enjoyed assisting you!

The Sandi Bauman Team, Chico Homes

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Home Offers Above the Asking Price Chico CA

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How do you know when you need to offer over the asking price?  Your trusted Realtor can and should advise.   The Sandi Bauman Team has your best interest at heart, and will call it like we see it.  Sometimes you should NOT be offering anywhere near full price, let alone OVER.  Sometimes, it is necessary to make the deal happen.  We’ll show you the comps, and provide you with the foundation you need to make an informed decision.

Happy negotiating,

Sandi

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What is the Short Sale Process for My Chico Home?

What is the Chico short sale process?

To complete a short sale in California, you must use a licensed real estate broker. This should be a broker who has experience and knowledge in short sale negotiations. The Sandi Bauman Team at Chico Homes combines the #1 Top Producing Listing Agent in Chico and a well- seasoned Short Sale Negotiator to bring you the best possible short sale experience. All of the Team members are licensed and will negotiate your short sale property with no out-of-pocket cost for you.  How is this possible?  The lender pays the listing commissions when we sell your property, and while the short sale process is occurring you are allowed to stay in your home.

Step 1: Determine if a Short Sale is Right For You.
Give us a call at 530-864-5407 so that we can help you determine if a short sale is your best option.  We will also recommend that you consult with your tax professional and real estate attorney.

Step 2: Obtain Required Documentation
Most lenders require specific documentation.  The documentation requirements can vary from lender to lender.  The documents are gathered and sent as a package to the lender.   A hardship letter will be required.  It explains why a borrower can no longer afford their monthly mortgage payments.   Hardships do not have to be financial in nature!  Give us a call so that we can discuss your specific situation.  Other requirements generally include bank statements, tax returns, paycheck stubs and a lender provided financial worksheet.

Step 3: Market the Property
The home is marketed to potential buyers through various channels.  The lender will want to see an offer that is near actual market value.  The lender will complete a price evaluation of your property, so we work very hard to procure the highest and best offer price to present to them.  Your choice of listing agents is very important here.  You need to hire a top producer who will aggressively market and negotiate the best offer possible to help ensure the success of your short sale.

Step 4: Negotiation of the Short Sale
Once there is an offer on your property, we submit the offer and paperwork to the lender and negotiate the deal.  Negotiations can be tedious and take time.  During this time we will continue to actively market your property to secure back up offers.

Step 5: Complete the Transaction
If the offer is close to the appraised value,  the lender will most likely green light the deal. The next and final step is to open escrow and close the transaction.  The lender will generally allow 30-45 days to close escrow.

Need help with your Chico Short Sale?

Let’s explore your distressed property options in Chico.  We also handle  most of 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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Interest rates are at an all time low!

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Ready to begin searching for that perfect Chico home, but haven’t yet partnered with a Realtor? The Sandi Bauman Team! at Chico Homes would consider it a pleasure and a privilege to assist you with the process. Our dynamic team of buyer specialists will offer you highly personalized and professional service every step of the way. Call Sandi 530-864-5407 or email [email protected] to get started!

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Are Loans Really Harder to Get Now Than They Were 5 Years Ago?

by Justin Bowman, Summit Funding

When I tell someone what I do for a living I usually get a response like, “Wow isn’t it impossible to get a loan right now?” To that I would say with certainty, “Absolutely not!”

There is a perception that because the market is doing so poorly, that funds are harder to obtain. The truth is, there are a multitude of available programs on the market for all types of borrowers. Such products range from the traditional conventional loans, requiring 3% down to other unique products that require as little as .5% for the entire transaction!

A great effort has been made by the government to subsidize commodities in efforts to stabilize the economy and offer opportunities to potential homebuyers who, on their own, could not afford the luxury of owning a home. They are helping make it possible to live the “American dream” and become home owners.

Additionally, there is a new sensitivity among borrowers that there is an unjustified amount of paperwork needed for loan approval. An environment of full documentation has over taken the once popular, and very detrimental, low and no documentation loans within the last few years. It is hard for people to come to terms with the new way (or really, the old way) of qualifying. What must be understood is that the era of minimal required documentation is over. We can no longer take the risks that led to this financial uncertainty. Even though we are now steering away from the “we will take your word for it” mentality, it makes for a much healthier economy knowing that the house that is being purchased has a much smaller risk of defaulting.

All this said, I am doing more low-down payment loans now than I did before the market fell. With outstanding products available such as conventional loans with 3% down, FHA & CHF programs with less than 1% down , Home Path loans with 3% down and no mortgage insurance. Eligibility is considered even with credit scores as low as 580 and debt to income ratios as high as 55%!

In today’s market, borrowers need a realistic outlook on how much they can actually afford and provide the necessary documentation to prove they actually can. Happy House Hunting!

Justin Bowman
Sales Manager/ Mortgage Advisor
NMLS# 219579
Office 530.267.6264
Fax 530.267.6286
Website www.summitfunding.net
Email [email protected]

Click For Loan Application

Ready to begin searching for that perfect Chico home, but haven’t yet partnered with a Realtor? The Sandi Bauman Team! at Chico Homes would consider it a pleasure and a privilege to assist you with the process. Our dynamic team of buyer specialists will offer you highly personalized and professional service every step of the way. Call Sandi 530-864-5407 or email [email protected] to get started!

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Top Ten Signs You Are Being Scammed

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Please, please use caution when engaging an individual or a company to assist you with a loan modification!

These tips to avoid mortgage fraud are simple, but important!

I list a lot of REO property. That means that I have talked to a lot of former homeowners that have lost their home to foreclosure. I hear stories every day from distraught families that have paid, in good faith, someone to help them secure a loan modification so that they could stay in their home. Many of these people borrowed money from their retirement, or from family members, to pay an upfront fee. One woman paid $5000 out of pocket on a home that was only worth $50,000 and was still foreclosed on.

Ready to move? The Sandi Bauman Team! at Chico Homes would love to assist! Whether you’re moving into the greater Chico area or out, we can help. We have developed a very strong network of friends and top producing agents across the United States. Finding a fabulous agent to represent you can be a daunting task. We will take the time to locate and interview on your behalf! Call today: 530-864-5407.

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2344 Cassandra Drive. Horse Property Near Chico, CA!

Beautiful country properties with horse facilities don’t come along too often near Chico….

The owner paid $627k, and states another $400k were invested in improvements. The views are unparalleled, and are appreciated from nearly every room. 180 degrees of valley, bluffs, and rolling hills. Sprinkle your pasture with a few horses, and the setting is complete! Only about 12 minutes to Chico, but it feels as if you’re in another world. The home is a gorgeous mix of high quality and warm designer touches. All of the details you would expect to see in an estate home, including granite, slate, Bosch, custom cabinets, quality fixtures. With east/west exposure, the lighting is wonderful throughout the day. Home includes 3 bedrooms, formal living/dining rooms, breakfast nook and family room. Lovely master suite with a large walk-in closet, tub with to-die-for views, and open shower. Grounds include a 4 bay shop and 2 car garage, fencing/cross fencing, 3 pastures, RV pad with hookups. Pomegranate, apple, cherry, orange, grapefruit, fig, apricot abound in the orchard! Admirable horse facilities: 4 stall barn with runs, wash rack, hay storage, granite base and mats. 3 irrigated pastures, 100×50 arena. Acres and acres to ride!

Virtual tour also available. Please click here!

Ready to begin searching for that perfect Chico home, but haven’t yet partnered with a Realtor? The Sandi Bauman Team! at Chico Homes would consider it a pleasure and a privilege to assist you with the process. Our dynamic team of buyer specialists will offer you highly personalized and professional service every step of the way. Call Sandi 530-864-5407 or email [email protected] to get started!

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How Many Homes Did Most Buyers View Before Purchase?

Chico Home Buying Process

Ready to begin searching for that perfect Chico Home, but haven’t yet partnered with a Realtor? The Sandi Bauman Team! at Chico Homes would consider it a pleasure and a privilege to assist you with the process. Our dynamic team of buyer specialists will offer you highly personalized and professional service every step of the way. Call Sandi 530-864-5407 or email [email protected] to get started!

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