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Apple Hill, Brentwood - Announcing a price reduction on 555 Rutherford Circle, a 3,483 sq. ft., 3 bath, 5 bdrm 2 story. Now  MLS® $475,000 - Short Sale-Wachovia. Property information
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Apple Hill, Brentwood - We invite everyone to visit our open house at 555 Rutherford Circle on January 13 from 9:00 AM to 11:00 AM. Property information
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Black Diamond Ranch, Antioch - We invite everyone to visit our open house at 5156 Judsonville Drive on January 10 from 12:00 PM to 4:00 PM. Property information
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Beautiful Estate Sized Home
• 4,239 sq. ft., 3 bath, 5 bdrm 2 story "Downstairs Master Bedroom" - MLS® $470,000 - 50% Off It's Peak!! Black Diamond Ranch, Antioch - Beautiful large Estate Home in Black Diamond Canyon. Highly desired floorplan with downstairs master and two story floor to ceiling fireplace in family room & loft. 2 more fireplaces in master & living rooms. Chef's kitchen with SS appliances & granite. New front landscape and large pool sized lot. New carpet, Paint & Landscape. This is move-in ready! Property information
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Afforable Lease with Great Schools
• 1,026 sq. ft., 2 bath, 2 bdrm single story - MLS® $1,500 USD Monthly - Low Priced Lease Havenwood, Brentwood - Cute & clean. Located in cul-de-sac-sac with large back yard and covered patio. Enjoy nearby community pool and park. Excellent Brentwood schools. Owner paid HOA Property information
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Apple Hill, Brentwood - Announcing a price reduction on 555 Rutherford Circle, a 3,483 sq. ft., 3 bath, 5 bdrm 2 story. Now MLS® $490,000 - Short Sale. Property information
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Beautiful Estate Sized Home • 4,239 sq. ft., 3 bath, 5 bdrm 2 story "Downstairs Master Bedroom" -  MLS® $480,000 - 50% Off It's Peak!! Black Diamond Ranch, Antioch - Beautiful large Estate Home in Black Diamond Canyon. Highly desired floorplan with downstairs master and two story floor to ceiling fireplace in family room & loft. 2 more fireplaces in master & living rooms. Chef's kitchen with SS appliances & granite. New front landscape and large pool sized lot. New carpet, Paint & Landscape. This is move-in ready! Property information
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Close Fannie Mae deals on time or risk losing the transaction, your deposit, appraisal and inspection fees. Recently, I had a transaction involving the purchase of a Fannie Mae owned foreclsoure (REO) property in Oakley with first time buyers.The contracts were signed on April 14,2009 with a scheduled close of May 29, 2009 (45 days). The buyers were pre-approved with Countrywide (Bank of America) and notified their lender immediately upon receipt of seller signed contracts. The buyers completed their inspections and ordered the appraisal on time and although there was some problems found in inspections, they moved forward and did not request credits or repairs. The appraisal was completed on May 11, 2009 and came in $5000 below the contract price. The buyers requested a price reduction from the seller (Fannie Mae) on May 12 whose asset manager replied verbally on May 13 that they would agree to the reduced price but stated that the buyers must close transaction on time. Fannie Mae did not return the signed price addednum for another week (May 20) delaying buyers lender from issuing loan documents. The lender also requested that seller (Fannie Mae) sign two buyer disclosures included with original offer and the seller refused, causing additional delays. After negotiating with both side, I successfully had the lender remove the conditions after proving that disclosures were included in the seller's addendums signed by all parties. Finally, after clearing all hurdles, the loan docs were issued May 28, one day before scheduled close. Due to a month-end push for other transactions, the title company was unable to prepare the signing docs and delayed the scheduled signing until June 1. The buyers requested a 5 day extension and agreed to pay late fees (per diems) of $100per day. Instead, the Fannie Mae asset manager rejected the request for extension and placed the property immediately back on market and told the buyers that they would forfeit their deposit. This story has a happy ending.... We submitted a new identical offer for the property at the appraised value with no contingencies that was approved. The buyers signed both their loan docs and new contracts at the originally scheduled signing and received their keys on May 10, 2009 with no late fees or additional costs.
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In an effort to help people with distrssed properties in Eastern Contra Costa and the communities of Brentwood, Oakley, Discovery Bay, Antioch and neighboring communities and share my experience and knowledge in the purchase and sale of distressed properties and short sale, I have partnered with two other experienced agents and a financial consultant and launched HopeOptions4You and our website http://HopeOptions4You.com. Our goal is to help people address their situation options and give them HOPE to Enjoy Life again. Recognizing that every situation is unique and has special circumstances, we don't have a "cookie cutter" approach to each situation. Each loan, family and situation is unique and "one size does not fit all."
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In an effort to help people with distrssed properties in Eastern Contra Costa and the communities of Brentwood, Oakley, Discovery Bay, Antioch and neighboring communities and share my experience and knowledge in the purchase and sale of distressed properties and short sale, I have partnered with two other experienced agents and a financial consultant and launched HopeOptions4You and our website http://HopeOptions4You.com. Our goal is to help people address their situation options and give them HOPE to Enjoy Life again. Recognizing that every situation is unique and has special circumstances, we don't have a "cookie cutter" approach to each situation. Each loan, family and situation is unique and "one size does not fit all."
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Without fail, while showing clients properties or hosting open houses in Brentwood or nearby cities, I get asked “What did this property sell for at the peak?” The response I want to give is “Why does it matter? The market determines value, and with current prices and financing, more people can purchase a home in Brentwood than during the peak” Instead, not to offend these potential home buyers and satisfy their curiosity, I explain that Brentwood and Contra Costa home prices have slid over the past 3 years by on an average of 60% from their peak prices. Admittedly, when you look at today’s Brentwood home prices versus their previous highs, it’s difficult not to be astounded. Below are some samples taken from today’s MLS: Brentwoood Neighborhood | Home Description | Peak Price | Current MLS Price | % Decline | Coppergate | 3/2, 1400 sf, TwnHm | $451,000 | $169,900 | 62.3% | Deer Ridge | 4/3, 2444 sf, Views | $782,065 | $334,900 | 57.2% | Downtown Brentwood | 3/1, 1280 sf, SFR | $386,000 | $158,900 | 58.8% | Garin Ranch | 3/3, 2485 sf, SFR | $646,000 | $299,900 | 53.6% | Havenwood | 3/2, 1297b sf, SFR | $400,000 | $154,413 | 61.4% | Pulte Park | 4/2.5, 1962 sf Pool | $599,000 | $295,000 | 50.8% | Los Ranchos | 5/4.5, 4, 4294sf, Pool | $1,093,552 | $474,900 | 56.6% | Rose Garden | 5/3.5, 3125 sf,SFR | $783,000 | $379,900 | 51.5% | Rural Brentwood | 3/3, 3578 sf, 5 Acres | $1,240,000 | $599,000 | 51.7% | Shadow Lakes | 5/4, 3503 sf | $1,050,000 | $432,000 | 58.9% | Summerset 4 | 2/2.5 , 2571 sf | $790,000 | $405,840 | 48.7% |
Here’s what really matters. Prices of many Brentwood area homes are nearing $100 per square foot, lower than the cost to build. In addition, the monthly payment for the purchase of many Brentwood properties is less than rent, a great opportunity for first time home buyers in Brentwood. We may not have reached bottom, and bottom is hard to predict, but it is a great time to buy and own a home in Brentwood.
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Beautiful Upgraded Townhome
• 1,473 sq. ft., 2 bath, 3 bdrm single story -  MLS® $185,000 - Reduced - Why Rent? Brentwood Main, Brentwood - Nearly new and clean townhome with upgrades including Cherrywood cabinets & plantation shutters & patio slider. Ceiling fans in every room. S/S appliances. Epoxy floor in garage.Water softerner & R/O filter. No rear neighbors. Move-in Ready! Property information
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In 2008, more than 72% of all homes sold in Brentwood and 81% of homes sold in eastern Contra Costa County were foreclosures, also known as REO (Real Estate Owned). Brentwood and eastern Contra Costa housing prices are less than half of peak prices and there are many great deals for Brentwood home buyers including first time buyers, investors and move-up buyers. With many home prices falling below $200,000, the availability of low-down-payment FHA loans and interest rates nearing 5%, many renters are buying foreclosed homes in Brentwood, Oakley, Antioch and throughout eastern Contra Costa county. Investors are also seizing opportunities to buy and rent foreclosed Brentwood homes often seeing positive cash flows. Brentwood rents remain high as many people who have lost their homes to foreclosure, wish to remain in Brentwood for its quality of life and schools. Brentwood rents currently average about $1 per square foot from $1500 for a small 3 bedroom rancher to $3000 for a home located on the golf courses at Deer Ridge or Shadow Lakes. Every new Brentwood foreclosure property listing in our office at RidgeWater Real Estate has been sold within the first month of listing, often with multiple offers and above asking price in the first week. REO properties in Brentwood neighborhoods including Tuscany, Deer Ridge, Shadow Lakes and Garin Ranch are getting 10-15 offers within days of listing and often 10-20 percent above the asking price. Preparation is the key for buying a foreclosed REO Brentwood area home. Know the neighborhoods you want to live in. Get pre-approved, preferably with a direct lender. Work with a realtor experienced in buying and selling REO properties in Brentwood. Ask your realtor to send you a list of foreclosed Brentwood Area properties and provide new listings for Brentwood area foreclosed properties as soon as they become available. I provide many of my clients an email of new listings that meet their customized search criteria for properties in Brentwood or surrounding areas. This allows them to review all new listings including pictures and descriptions of all REO properties as soon as they become available.
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All properties in California have a base tax rate of 1% of the purchase price. In addition, taxpayers in individual cities and counties such as Brentwood and Contra County approve bonds to pay for community facilities, services and schools. Brentwood has no Mello Roos, but there are assessments that are specific to neighborhoods. The best way to calculate taxes for Brentwood homes is to go to the Contra Costa County Tax Collectors site and look up the specific taxes and assessment for any Brentwood home you are interested in purchasing.
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