Image by silverhawk42532 via Flickr

$399,888 BUCKINGHAM! AVAILABLE TO RENT AT $2,000 PER MONTH.


Location! Location! Location! BEST COMP VALUE!
2889 BUCKINGHAM DRIVE in premier Buckingham, Kelseyville, Lake County, CA
For more pictures see www.2889BuckinghamDr.com
• ALL NEW REMODEL
• 2,000 sq ft (estimated)
• 3 large all new bedrooms, 2 beautiful all new baths
• Gorgeous views -- Buckingham Golf Course and Black Forest
The photos don’t do it justice! Must be seen! This elegant home on Buckingham Drive has incredible style and designer everything. Completely remodeled in a classic palette that you can take in any direction – wine country elegant to lake life to golf and leisure to traditional to urban cosmopolitan, it’s turn-key and it’s a beautiful, blank canvas.
This house is open and spacious and easy to maintain both inside and out. The interior was designed for peace of mind, which makes it a perfect primary or secondary residence. Eco-friendly, maintenance-free landscaping makes life a breeze. Garden if you like, or let it be!

The house has a private lower entrance and the most architecturally versatile floor plan possible. Both floors offer optimal traffic flow for perfect living and entertaining family and friends.

Two levels spanning nearly 2,600 square-feet offer a spacious kitchen with a dining area that flows into a huge great room. Each of the three large bedrooms has double closets for maximized storage and organization.

The two lovely, custom bathrooms boast crisp white Kohler fixtures, designer Azuvi ceramic tile set in a classic pattern, beautiful mirrors and glistening light fixtures, including a crystal chandelier.

The kitchen is brand new and has all the details that matter. The appliances are Consumer Reports’ top-rated line of Kenmore Elite Stainless (don’t be fooled by low-end stainless). The kitchen counters are polished granite. The cabinets are luscious maple with double pantries, occasional glass doors, a built-in wine rack and designer iron pulls. This is a polished kitchen designed for any chef!

The spacious lower level is the perfect opportunity for a home business and home office, guest suite, teen retreat, kids’ play room, media room or home theater, sewing or crafting room, the man cave, billiard room or whatever you desire!

The floors are tiled in a tasteful 16x16 pale travertine and carpeted in a patterned designer Stainmaster with the best, thickest padding available.

The huge “4-car” garage is just waiting for cars, golf carts, boats and other toys! New Liftmaster garage door openers raise two Northwest 10’ by 8’ (standard doors are only 8’ by 7’), double-sided, insulated, steel garage doors, rated as some of the best garage doors in the industry.

The rooms are flooded with light through abundant Viking / Pella ThermaStar vinyl windows, which are the same windows seen in Sunset magazine’s idea house. Oh, the views! The large windows showcase Lake County’s main attraction -- the outdoors! Beautiful trees and magnificent boulders dot the spacious yard. Environmental harmony! Part of a handsome streetscape, the views of the Buckingham Golf Course and the Black Forest make the greens and blues of every season lovely.

This house is your chance to own in Lake County’s premier Buckingham neighborhood at the best price on the market. There is no comparison to homes of this size and quality in this price range.

Homes in this neighborhood run into the millions, but this one can be yours for a fraction of the price…but not for long. The sellers have adjusted the price to attract the buyer who understands the value. If the home does not sell promptly at this price, the sellers will take it off the market and hold it.

Don’t miss this market or this opportunity!

For more information contact:
Dawn O'Neal
Realty World Executive Advantage
Phone 408-923-7758
Cell 408-221-0575
Dawn@DawnONeal.com

What do you offer on a foreclosed property?

A client asked: In a situation like this, (so many days on the market) does one bid lower?? at asking price?? higher??

ANSWER: There is no easy answer regarding what you offer. You just have to look at all the angles.

#1 – What is it worth to you to purchase it? Without looking at the price as a challenge to get the lowest price only for the sake of getting the lowest price, (and I don’t think you do this by the way), look at it to see what it is worth to you. What figure would you be happy with that you paid for the home and walked away with it.

#2 – Let’s look at the sales in the area – this is what the bank is going to do – and they are not going to negotiate much lower than the price in the MLS as they have already gone through all the process of putting this through foreclosure and back on the market. As long as it does not sell they will continue to reduce the price but at some point it will reach the investor’s interest and the “all cash” offers will come in and you won’t have an option to bid on it.

#3 – To offer too much will put you in jeopardy with your lender. If the FMV is not as high as you offer then you have to come up with the difference of your offer and their appraisal – which is the amount they will lend on the property. Not a good idea either.

Once you see this property then we will pull all the comps in the area to see what is a realistic offer for you and analyze that price per the above criteria.

Short Sale Question from Trulia Reader

QUESTIONS:

So in other words..... When an MSL listing is listed as a short sale for say 400,000 and you offer 400,000 that price has not been bank approved?
Why even bother looking at these listings then. It wastes my time- the realtors etc.

Dennis Olson
Both Buyer and Seller
Pendleton, OR

Dennis, You hit the nail on the head. The bank has not even been notified in many instances that the seller is trying to sell it, unless perhaps the seller is behind in their payments. The seller may not have started the process by presenting an offer to the lender that is going to pay the lender less than the seller owes - that is what makes it a "Short Sale". Then the long process starts to get the low offer accepted by the lender rather than the lender spending much more to take the property through the foreclosure process. Short sales I have listed last year took 8 months. This year my shortest one is 2.5 months but most are still 3-6 months.... AND you never know for sure that you are in contract until the bank decides to give you that agreement letter.

Sometimes you need to look at the comparable sales in the area as sellers/agents will list the house really low to get a bidding war going.

What we are finding is that the homes in this price range in California's Santa Clara Valley at least are drawing in the all cash buyers and they are buying them as investments so they do not have the same angst in waiting for approval since it is a business deal and not their new residence.

If you want a home and want it within a reasonable amount of time, yes, stay away from short sales. We, as REALTORS, will appreciate that too - but hey, everyone needs to be helped and that is why we do it also. All joking aside, you just really need to KNOW all the upsides and downsides and be willing to wait if you want to buy a "Short Sale".

Dawn O'Neal
Realty World Executive Advantage
408.923.7758
Dawn@DawnOneal.com