Larry "Fly" Young Brentwood Real Estate

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  • Fannie Mae Asset Manager Cancels REO Deal

    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 ...
    Posted to Larry "Fly" Young (Weblog) by 535549 on June 11, 2009
  • HopeOptions4You Launched to Provide Hope & Help for Distressed Homeowners

    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 ...
    Posted to Larry "Fly" Young (Weblog) by 535549 on June 11, 2009
  • HopeOptions4You Launched to Provide Hope & Help for Distressed Homeowners

    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 ...
    Posted to Larry "Fly" Young (Weblog) by 535549 on June 11, 2009
  • What was this Property Worth – Does it Matter?

    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 ...
    Posted to Larry "Fly" Young (Weblog) by 535549 on February 4, 2009
  • Surge in Brentwood Foreclosure (REO) Home Sales

    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, ...
    Posted to Larry "Fly" Young (Weblog) by 535549 on February 3, 2009
  • Brentwood Area Property Taxes

    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 ...
    Posted to Larry "Fly" Young (Weblog) by 535549 on February 3, 2009
  • Have Brentwood Area Foreclosure Prices Reached Bottom?

    Brentwood and Eastern Contra Costa County housing prices are down 60% and greater from peak prices of 2006-2006. 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 ...
    Posted to Larry "Fly" Young (Weblog) by 535549 on February 3, 2009
  • Short Sale Rants & Complaints - The Process Needs to Be Improved!

    During the past few weeks the sales activity and offers on short sale listings has significantly increased. Every day this week I've received calls inquiring on the availability of our office's short sale listings and have seen multiple offers on almost every listing. It appears that buyers and their agents feel that ...
    Posted to Larry "Fly" Young (Weblog) by 535549 on April 26, 2008
  • Interesting Year-to-date Property Sales - Are Sales Growing?

      The table below shows some interesting year-to-date sales versus current pending and active listings data for Eastern Contra Costa county.  Agents, prospective buyers and the media are all reporting increases in home sales activity.City/ LocationSold Since 1/1/08PendingActive ...
    Posted to Larry "Fly" Young (Weblog) by 535549 on March 27, 2008
  • Increase In Home Buyer Activity

    In the past month Brentwood and Eastern Contra Costa county has seen a surge in buyer activity. This surge seems to be focused on homes priced at or below $350,000 with both investors and first time buyers competing for these properties. Why? 1. Rents are increasing as former homeowners that have lost their homes to foreclosure are becoming ...
    Posted to Larry "Fly" Young (Weblog) by 535549 on March 14, 2008