By Patrick McCarran, Real Estate Broker

Is there still a value to owning a home? Can I still get down payment assistance? Is buying now a good idea? My answer is absolutely YES. I believe in home ownership and not because I sell them, actually I am in real estate   because of my belief in the value of owning real estate. America is one of a handful of countries where ANYBODY can own property, the PRIMARY reason to own a home is UNCHANGED.  The age of Corona will pass and America will recover    because that what we do. The WHY you should own is relatively easy. It seems like every day there are news reports of someone displaced by high rents or the building is sold to a new owner and they are forced to move. Rents are at a high and with the strong resistance to building they will continue to rise and be unpredictable, when you own you know what the payments will be and it your home not the landlord to dictate rules.

Mortgage interest will most likely remain the largest deduction for the middle class. Mortgage interest rates remain historically low and there is affair amount of inventory from which to choose. Long-term homeownership continues to be one of the best ways for the typical American to build wealth.

So, what’s holding you back? Down Payment? Many people are intimidated by the widely publicized 20-percent down-payment requirement. They don’t realize that there are many federal programs and other methods designed to help homebuyers with grants and secondary loans. Interest is at an all time low and this translates into increased buying power or lower payments.

For example, Freddie Mac and Fannie Mae have loans available to first-time buyers with as little as 3-percent down payment and the FHA has similar programs that require 3.5 percent down and payment. If you qualify there are a number of programs and grants that can help with the down payment.

With a seller credit for closing costs I have gotten buyers into a home for as little as $1500 out of pocket. For veterans, the VA program has no-down-payment loans available for qualifying military members and veterans that can close with almost no out of pocket money.

Why wait? What’s the worst that could happen if you buy a home now? You’ve already seen it, the 2007 mortgage crisis. It will take generations, if ever, before the government lets the banking systems get that far out of hand again. It is far more likely that home prices will steadily climb as they have been. So, don’t be blinded to the future by your past experiences.

The American population will continue to grow and build families of all types, creating more demand for housing. Don’t view your home as a trading vehicle or a one-way-up investment. Instead, look at the home-ownership benefits that are mostly forgotten by today’s potential homebuyers — the chance to build equity (instead of throwing rent down the drain) and the opportunity to customize your own environment.

That’s what has always motivated Americans to own their own home. And it isn’t going to change in the long run. Grab the American Dream now. Start building wealth and stability. Call a REALTOR or a Loan officer you have nothing to lose and everything to gain.

Patrick McCarran is a local Realtor and Broker DRE# 01325072. He can be contacted  pmccarran@yahoo.com, by phone or text at  (925) 899-5536 or at www.CallPatrick.com. An independently owned and operated office. In association with Realty One Group Elite DRE# 0193160. Equal Housing Opportunity.

Melody Royal from her Facebook page.

Better Homes and Gardens^® Real Estate LLC announced this past week that Better Homes and Gardens Real Estate Royal & Associates, located in Antioch, California, is the newest member of its network.

Owned and operated by Melody Royal, the newly named Better Homes and Gardens Real Estate Royal & Associates serves the residential real estate market across the communities of Antioch, Pittsburg, Oakley, Brentwood, Discovery Bay, Knightsen, Bethel Island and Byron in Contra Costa County, approximately two hours east of San Francisco.

Royal has been a member of the Women’s Council of REALTORS® since 2016 and has been named a Five Star home professional.

The fresh, modern look of the Better Homes and Gardens Real Estate brand will enable Royal and her team to forge stronger connections with the area’s high volume of millennial and Gen X buyers, and prove an impactful recruiting tool that builds upon the brokerage’s reputation for fostering growth in a familiar working environment.

“From day one, Better Homes and Gardens Real Estate affords a striking freshness, offering renewed inspiration for my team, as well as a dynamic experience for consumers,” said Melody Royal, Owner, Better Homes and Gardens Real Estate Royal & Associates. “The brand offers unique tools that encourage a deep understanding of our clients, which align with our thorough approach to the real estate process. As we continue to explore the network’s broad suite of tools and resources, I’m thrilled to continue leveraging the brand appeal as a recruiting tool for organic growth.”

The communities served by Better Homes and Gardens Real Estate Royal & Associates are popular among buyers with San Francisco and Silicon Valley-based careers. While offering an affordable alternative to the Bay Area, the region also draws recreation seekers with its proximity to the San Joaquin River and the Diablo Mountain range.

The multilingual Better Homes and Gardens Real Estate Royal & Associates team members are able to work with the area’s melting pot of nationalities and cultures in a variety of languages.

“Better Homes and Gardens Real Estate Royal & Associates is committed to ensuring that every client has a close working relationship with its sales associates, offering unprecedented accessibility and a profound knowledge of the local market,” said Sherry Chris, President and CEO, Better Homes and Gardens® Real Estate. “We look forward to helping Melody Royal and her team further deepen these relationships in the dynamic Contra Costa County area, enabling Better Homes and Gardens Real Estate to continue its growth in Antioch and beyond.”

For more information, visit www.bhgroyal.com.

Click to Tweet:

Melody Royal & team join the @BHGRealEstate family as Better Homes and Gardens Real Estate Royal & Associates. #RealEstate

About Better Homes and Gardens® Real Estate LLC

Better Homes and Gardens Real Estate LLC is a dynamic real estate brand that offers a full range of services to brokers, sales associates and home buyers and sellers. Using innovative technology, sophisticated business systems and the broad appeal of a lifestyle brand, Better Homes and Gardens Real Estate LLC embodies the future of the real estate industry while remaining grounded in the tradition of home. Better Homes and Gardens Real Estate LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.

The growing Better Homes and Gardens® Real Estate network includes approximately 11,000 affiliated sales associates and approximately 300 offices serving home buyers and sellers across the United States, Canada and the Bahamas.

Better Homes & Gardens® is a registered trademark of Meredith Corporation licensed to Better Homes and Gardens Real Estate LLC and used with permission. An Equal Opportunity Company. Equal Housing Opportunity. Each Better Homes and Gardens® Real Estate Franchise is independently owned and operated.

By Patrick McCarran, Better Homes and Gardens Mason-McDuffie

When your home is for sale, whether you are the owner or the tenant,  it is equally important that you be aware of security and take precautions to keep you and your valuables safe while your property is marketed for lease or for sale. While the property is on the market a variety of people including potential buyers, other Realtors, inspectors, and others will have access to your property. In anticipation you should take steps to make sure that your property is safe for such visits.

What are the threats that you should be aware of? The obvious threats are of course tangible items or personal property such as jewelry, decorative items and of course cash. It is recommended that jewelry, cash, important documents like “pink slips” and other valuables be placed in a safe deposit box while the property is being marketed for lease or sale. If you choose to keep any of your valuables in our property, we recommend that they be kept under lock and key so that no one but you has access to them. We often leave our wallets and loose cash on the dresser or in the closet but during the time the house is on the market it is a good idea to keep those things out of site and in a drawer. Prescription medications are another item that is targeted. Don’t keep those in medicine cabinet. To that end you should take precautions to protect your property so that it will not be damaged, lost, or stolen.

On a side note, most insurance policies a have a limit on the amount of cash that is covered usually around two thousands dollars. It is also important that if you have any rare or out of the ordinary items, such as an autograph picture of Elvis, you obtain a rider to insure full value. It is recommended that you consult your insurance company to be sure that your insurance coverage is adequate during the listing and escrow period for any losses which may occur including, but not limited to, personal injury, property damage and theft. Your policy may not provide the proper coverage if the property is vacant.

Perhaps the most valuable items is your family and you. It is common for potential buyers or renters to open windows and doors to check views and access. These doors and windows are not always re-locked and if they are seldom used by you then it may be overlooked so get in the habit of doing a security check as soon as you get home or before you go to bed.

Your Realtor will do everything possible to make the lease or sale of your property as convenient and safe as possible for you; however they don’t live in the house and cannot be responsible for your property or your insurance coverage. Make sure you take the necessary steps to protect your stuff, yourself and your family. As always if you have any questions feel free to give me a call or email for information. 

Patrick McCarran can be reached at (925) 899-5536, pmccarran@yahoo.com or www.CallPatrick.com. Mason-McDuffie Real Estate is an independently owned and operated franchise of Better Homes and Gardens Real Estate LLC. Equal Housing Opportunity.

By Patrick McCarran

Better Homes and Gardens Mason-McDuffie

Spring is a season of renewal. Before you know it the birds are singing and the flowers are beginning to burst into bloom. The days are getting longer and people are getting outdoors again. The weather is more cooperative so not surprisingly now’s a good time to do some spring maintenance to make sure your home is in tip-top shape.  Even if you aren’t planning to sell your home, you should still add these chores to your list to help preserve your home’s value and help avoid major repairs later on.

Walk Around the Outside

Check for any damage caused by winter’s cold weather. Look for those sagging, loose and leaking gutters. Now is a good time to clean out the gutters in time for spring showers. Is your roof missing any shingles, or is there any water damage under the eaves? A common nuisance is foliage growing in and on the roof, such as grass and weeds or tree overhanging. Check the valleys where the slope of the roof meets, this is a common area where debris forms or birds make a home and will cause leaks. Mother Nature is a formidable force and over time you’re your home will prove no match. Promptly schedule repairs for those items you can’t do yourself.

Walk around your yard as if you were a first-time visitor. What impression does your home make? Be sure to clear away fallen branches and leaves. Loosen the soil around perennials, plant annuals for a quick update. A great idea is a vegetable garden we have a great climate in the area and it is very rewarding to have food you grew yourself not to mention educational if you have children. Prune shrubs and trees to keep them manageable.

If your water supply has been off for the winter, turn it back on. Test your automatic sprinkler system or connect your water hose and check for cracks and leaks. Replace old washers or sprinkler heads.

Don’t forget the backyard! Is it time to condition your deck? Be sure to hammer in any loose nails, or replace them with galvanized deck screws. Replace any broken boards or rails. Consider renting a power washer to clean dirt and mildew from the wood, and then apply an all-weather sealer or stain. Then dust off that patio furniture you kept protected over the winter or give it a good cleaning if you did not.

Check your fences and repair any broken fence boards and paint or seal them as needed. It is a good idea to stain your fences once a year to extend the life of your fence. If you are just moving in what a great time to get started. Clean the pool if it has been covered all winter. Wash windows, screens and windowsills; repair any winter damage.

Take A Tour Inside

The first step in any successful endeavor is to make a list. Start by going around to each room and make a list of things to do in each room. Then dive in. Dust walls and ceilings to remove cobwebs and wash any grimy areas, don’t forget the ceiling fans. Wash window curtains or remove drapes for dry cleaning, dust the blinds. Deep clean rugs and carpets. Dust and polish wood or laminate floors. Don’t forget the kitchen cabinets with a little maintenance such as Old English can really extend the life of your cabinets and give the whole room a fresh look.

Check the central air-conditioning unit for debris and obstructions it is important to have good air flow for maximum efficiency and to prolong the life of the unit. Vacuum the main condenser coil on top of the unit. Check the operating condition of window air-conditioning units; remove and wash filters in mild soapy water.

Make sure all exhaust fans and vents are clean and clear. Don’t forget to remove the lint buildup from the clothes dryer vent.

One often-overlooked area is the fireplace. Be sure to sweep ashes carefully into your fireplace’s ash pit or into a dustpan. If you used it frequently then you may want to call a professional chimney sweep to have it cleaned and lower risk of fire. Clean and lightly oil fireplace tools.

Look around for clutter.  Are there items you don’t use any longer? If you are planning on moving, what items will you not need? Consider having a garage sale and then either donate or trash the remaining items.

And lastly, possibly the most important of all, don’t forget to replace batteries in smoke and carbon monoxide detectors even if they are not dead put some fresh ones in

(and remember to recycle the old ones). You may have missed it this year but in the future plan to change them when you change your clock for daylight savings.

Although performing these spring chores may be dreaded task, they go a long way in maintaining and even enhancing the attractiveness and quality your home.

Patrick McCarran can be reached at (899) 899-5536, pmmcarran@yahoo.com or www.CallPatrick.com. Mason-McDuffie Real Estate is an independently owned and operated franchise of Better Homes and Gardens Real Estate LLC. Equal Housing Opportunity.

By Patrick McCarran

It is a new year and spring is nearly here. One thing that has not changed this year is that most of the homebuyers in today’s’ market are looking for “turn key homes”, properties that don’t require a lot of work and a home that says “wow” to a buyer will still command top dollar and multiple offers.

Your goal is to get the buyer to say “wow” at least three times. First when they pull up to the house, aka curb appeal, next as they walk through the house and lastly as they leave. To accomplish this inspect both inside and outside the home. Make a list of repairs or upgrades include the little things and the larger things. Traditionally the staples for increased value are a fresh coat of paint on the walls, doors, and trim.  Paint the front door or at minimum give it a good cleaning. Powerwash the sidewalks, entry and driveways, add some fresh mulch around landscaping. Organize the closets and cupboards so they don’t looks stuffed. Take a look at the light fixtures, the bathroom and kitchen faucets. Repair dripping faucets and drains that aren’t operating or maybe they need updating. Think about upgrading to granite prices today are low and return is high. This is a great opportunity to update with minimal cost and excellent return. Remember it is often the little things such as burned-out bulbs, broken sockets or switches and loose railings. Replace torn screens, broken fencing and put a fresh coat of stain on the fences and the deck.

I recommend hiring a professional home inspector to thoroughly and impartially evaluate the property. A standard report will review the condition of the home’s heating system, central air conditioning, plumbing and electrical systems, the roof, attic, walls, ceilings, floors, windows and doors, the foundation, and visible structure.

By obtaining the pre-inspection it avoids any surprises and allows you to review and prioritize the list of repairs.

Staging is an excellent way of showcasing the positive attributes of your home to maximize return. This does not necessarily need to be a full blown redecorating of your home but can be as simple as the need to depersonalize the home. This does NOT mean taking down and hiding every personal picture but it does mean to minimize. Start packing that rare clown collection or the special teddy bear room. What may be “charming” to the seller may seem off-putting to a prospective buyer. The basics of staging are neutral but not plain, less is definitely more, let the light in, and remember to review all the rooms.

A home in good condition demonstrates pride of ownership. Taking the time to give your home a tune up and make it say WOW to a buyer this will go a long way in making sure that you get the most return out of your home. Please feel free to contact me for a free consultation and to help you develop an action plan.

Patrick McCarran can be reached at pmccarran@yahoo.com, by phone at (899) 899-5536, or online at www.CallPatrick.com. Mason-McDuffie Real Estate is an independently owned and operated franchise of Better Homes and Gardens Real Estate LLC. Equal Housing Opportunity.

By Patrick McCarran

Mason-McDuffie Real Estate

The primary reason to buy now is that mortgage rates are still at historic lows. This is driven largely by the continuing market corrections after the Fed pulled back on their bond purchases and the stock market continues to stabilize. However unbelievable low rates will not last forever and can increase literally overnight. The Fed has made it clear that they plan to continue to raise the prime rate and while this does not directly effect mortgage rates it will effect the banks bottom line and almost definitely trigger an increase in interest rates.

We tend to make financial plans looking backward, learning the lessons of our past experiences but ignoring the future. That’s why we don’t buy stocks at the “bottom” but instead when they are “hot”.

East Contra Costa housing is still in my opinion undervalued and not a “Hot Market”, yet.

The why you should own is relatively easy. Rents will continue to rise and are unpredictable, when you own you know what the payments will be and it your home not the landlord to dictate rules. Mortgage interest is still the largest deduction for the middle class. Mortgage interest rates remain historically low and there is affair amount of inventory from which to choose. Long-term homeownership continues to be one of the best ways for the typical American to build wealth.

So what’s holding you back? Down Payment? Many people are intimidated by the widely publicized 20-percent down-payment requirement. They don’t realize that there are many federal programs designed to help homebuyers, and even those who have lost their homes to foreclosure.
For example, Freddie Mac and Fannie Mae have loans available to first-time buyers with as little as 3-percent down payment and the FHA has similar programs that require 3.5 percent down and payment. If you qualify there are a number of programs and grants that can help with the down payment. With a seller credit for closing costs I have gotten buyers into a home for as little as $1500 out of pocket. For veterans, the VA program has no-down-payment loans available for qualifying military members and veterans that can close with almost no out of pocket money.

Why wait? What’s the worst that could happen if you buy a home now? You’ve already seen it, the 2007 mortgage crisis. It will take generations, if ever, before the government lets the banking systems get that far out of hand again. It is far more likely that home prices will steadily climb as they have been. Americans are getting back to work and leading the global economy out of stagnation. So don’t be blinded to the future by your past experiences. The American population will continue to grow and build families of all types, creating more demand for housing. Don’t view your home as a trading vehicle or a one-way-up investment. Instead, look at the home-ownership benefits that are mostly forgotten by today’s potential homebuyers — the chance to build equity (instead of throwing rent down the drain) and the opportunity to customize your own environment.

That’s what has always motivated Americans to own their own home. And it isn’t going to change in the long run.

If you want to get started or have any questions give a call or send me an email and Debra Westlund (925) 783-2052 and Patrick McCarran will be happy to help you get started, set up an action plan for today or the future.  The time is now give us a call.

Patrick McCarran is a local Realtor and can be reached at (925) 899-5536, pmccarran@yahoo.com or www.CallPatrick.com.

© 2016 Mason-McDuffie Real Estate is an independently owned and operated franchise of Better Homes and Gardens Real Estate LLC. Equal Housing Opportunity.

By Patrick McCarran

Fall is here and with it cooler weather and shorter days. It’s also the perfect time to prepare your home for the winter months that lie ahead. The most common fall home improvement projects include fencing, interior and exterior painting, window maintenance, flooring, and roof repair, all of which are in preparation for El Nino and the winter weather that will soon follow. Performing regular maintenance of your home protects your home’s value and can prevent major repairs which in turn can save money and avoid stress that comes with emergency projects.

Roof and Gutters

Check for slipped tiles and debris which can impede water flow and cause leaks. Trim back all tree limbs and vegetation away from the roof and remove debris, such as leaves and sticks from your gutters and downspouts and ensure that all the drains spouts are working and directing the flow of water away from the house and into the ground or to the storm drain. Clogged gutters don’t allow water to drain away from the home which may lead to serious damage to a home’s roof, walls or foundation and overflow will cause dry rot of the eaves and fascia boards. Tree branches rub on the roof and can break loose tiles or wear shingle roofs.

Heating and Cooling System

If you have a forced warm-air heating system, first thing replace your intake filters. This helps to improve efficiency as well as prevent airborne dirt from circulating throughout your home this should be done at least quarterly. While you are doing this check the exhaust vent and air shutter openings for dirt and dust. Clean any lint and dirt from the motor and burner. Vacuum air passages and check and replace, if necessary, fan belts. Regular maintenance improves air quality and promotes better air circulation which reduces wear and tear on your furnace and saves you money.

Doors and Windows

To help control heating costs, repair or replace weather-stripping around door bottoms and jambs and window frames. Also check for cracks in the stucco or gaps in the siding and make sure that you caulk or repair them to prevent moisture or cool air from entering.

Fireplace

Before you light the logs and get ready to settle in front of a cozy fire, inspect your fireplace. Clean the chimney flue and if needed inspected and repaired. Check the seal on your flue, which is designed to keep out drafts. Replace the seal if it is loose or damaged.

In addition, before inspecting, cleaning or making any repairs refer to your owner’s manual for all equipment for proper instructions, which should be the final authority on any maintenance.

Painting

Inspect for peeling or chipped paint. Bare wood or metal should be cleaned and spot painted to protect it from any moisture penetration which leads to dry rot and mildew. Hammer in any popped nail heads and paint them. Stucco cracks should be patched with caulking and painted.

Inspect for gaps where trim boards come together end-to-end and where it meets siding or stucco. Use a good quality water resistant exterior caulk to seal all gaps to stop moisture intrusion and insects.

Landscaping

Now is a good time to trim back any overgrown shrubbery and ground cover, keeping away from the home and fences where it tends to trap moisture and promote the deterioration of the wood and exterior finish of the home.

I know what you are thinking, “Wow when do I have time for all of this?” The answer is to break it up into projects and do one each week, by starting early you should have plenty of time, and of course you can always call a service professional to have it done for you. Regular maintenance can help you keep your home in good shape and protect against major repairs maintaining value in your most valuable asset.

Patrick McCarran is a local Realtor and can be reached at (925) 899-5536 or www.CallPatrick.com.

Mason-McDuffie Real Estate is an independently owned and operated franchise of Better Homes and Gardens Real Estate LLC.. Equal Housing Opportunity.

By Patrick McCarran

Berkshire Hathaway HomeServices

Know your options! If you are struggling to make ends meet or have negative equity in your home it is important that you know what options are available to you. There are a number of different courses of action that may me made to help you get in control of your financial situation. These include bankruptcy, modification, short sale and foreclosure.

Most lenders are now offering modifications to homeowners in distress. These are often more of a temporary solution as the banks seldom offer principal reductions. Usually the bank will offer to lower you payment over a fixed period of time. The problem with these terms is that without a principle reduction you are not building equity. In today’s market where a homes value may be upside down or have a negative equity of over 70% current appreciation projections show it would take years just to break even on the balance of the loan. This makes your situation like a long term lease.

Foreclosure or simply walking away from the home is another option. There are of course pros and cons to this approach. The legal repercussions can vary depending on each individual’s situation. California is a non-recourse state and has what is called a one action rule which basically states that if your homes is foreclosed and sold by the trustee that is the only recourse for the lender. Which means, generally speaking you can walk away with little or no legal consequence. These rules can apply to primary homes and second or investment property.

However if you have a second loan it could very well be a recourse loan which means the lender can, and most likely will pursue other assets and wages. A short sale will prevent this. If you are considering a default I highly suggest you look into a short sale an option. Choosing a short sale will put you back in control of your life and when you need to move. Because a short sale is perceived as a proactive choice by the borrower the credit compiling agencies tend to score it higher than a foreclosure or a deed-in-lieu.

I would always advise my clients to seek advice from an attorney under bankruptcy protection a well. Many homeowners have incurred a substantial amount of debt in this economy and a bankruptcy may be a good option to help you afford to keep your home by eliminating burdensome debt. Although legally you may not need to pursue a short sale after the bankruptcy, in regard to credit building it is still a good option.

Let me be clear, I am not advocating to anyone to ignore their financial obligations. What I am saying is that you should look at your own situation and make the decision that is best for you and your family and not the bank. It is very important that you should be informed about your options and possible consequences.

Loan modification, Short Sale or Strategic Default Which one is right for you?

Take control of your situation and call Patrick today I am an experienced Short Sale agent and we can discuss and compare your options with no obligation.

Patrick McCarran is a local Realtor and can be reached at (925) 899-5536 or www.CallPatrick.com.

© 2015 Berkshire Hathaway HomeServices Drysdale Properties is an independently owned and operated franchisee of BHH Affiliates, LLC. Equal Housing Opportunity.