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Pleasanton Home Foreclosure Process Could Take Longer

Wednesday, February 23rd, 2011

According to a recent report in USA Today, mortgage servicers and banks have started lengthening the amount of time they spending to formally and finally foreclose on homes owned by those who have defaulted on their loans, stretching the time frame up to last as long as two years. This can bode well for Pleasanton home owners in default but not for those who wish to buy those homes in foreclosure in the Pleasanton real estate market says Realtor Sonali Sethna.

Both those in the real estate market and those who read the daily papers have seen this change coming. Many banks around the country have a huge backlog of foreclosures due to the record number of property owners in loan default. Couple that with the increasingly long period of time required for loan modification review and a fair number of lawsuits in the recent past focusing on the improper filing of foreclosure documents by lending institutions, and both banks and mortgage servicers are being more cautious and taking their time with the process.

As a result, home owners in default often now stay longer in their homes than they have in the past as they wait for the lengthy process to play out. Although no hard statistics are available right now for the Pleasanton real estate market specifically, LPS Applied Analytics reports that as of the final month of 2010 a typical delinquent borrower in foreclosure went an average of 507 days without posting a payment for his mortgage. Before the housing market crashed, a homeowner in the US generally spent 250 days in default before foreclosure proceedings concluded.

According to Fitch Ratings’ managing director Diane Pendley, borrowers in default now continue to reside in those homes around 19 to 20 months prior to eviction. Pendley also indicates that the length of time for the process to conclude could expand to 22 or 23 months by the end of 2011.

For those looking to purchase a property on the Pleasanton real estate market, the longer foreclosure time periods could spell smaller inventory in the interim as well as higher sale prices once they become available.

Setting the Stage to Show Your Pleasanton Home

Monday, February 21st, 2011

Chances are that if you’re selling your home, you want it to go to people who will appreciate it as much as you and your family do. To really snag the interest of potential buyers, Pleasanton realtor Sonali Sethna says homeowners need to appeal to all five senses within seconds of their walking through the front door.

Typically called “staging,” the process involves actually “setting the stage” in preparation for people to visit your home. Many people who have found success in the Pleasanton real estate market swear by this time-honored technique, which can create a sense of “hominess” that can pack a real punch when you’re ready to show your property.

Smell. Most importantly, the home needs to smell clean. Scent is the strongest “sense memory” of the five, and you can easily create ambiance in the home with a couple of simple tricks. However, that doesn’t mean you should overdo it with the deodorizers. Take care not to use chemicals cleaners with strong or harsh smells such as bleach or cook strong-smelling foods just beforehand, since many potential buyers will have a sensitivity to the odors. You might, however, want to install some clean-smelling air fresheners or candles. This is especially important if you have pets or smoke in your home. You might even need to repaint the walls and have a professional service deep-clean your carpeting.

Sight. You already know that the rooms you show should be uncluttered and neat. What you may not know is that you should remove personal identifiers such as kids’ artwork, trophies, photos, etc., and replace them with basic, classic décor. Potential Pleasanton homeowners need to have the capacity to imagine living in your home themselves, and putting away these personal items will help them get to that place in their heads more easily. Similarly, you should consider using slipcovers in neutral shades if your furniture is mismatched, worn or in colors or styles other than those considered traditional.

Hearing. Make sure you turn off or unplug all “noisemakers” before you show your Pleasanton home. Don’t run a load in the dishwasher or washing machine before guests arrive to see the home, turn off the television and stereo, and make sure you have yard care scheduled for another time. Similarly, you should consider having noisy children and pets outside of the home at another venue when you show the house so there are no disturbances or grating ambient noise.

Touch. This is a great time to address minor repairs. If the handle on the toilet jiggles, tighten it up. If the doorknob is loose to a bedroom, grab a screwdriver and fix it. If a doorframe has splintering damage, sand it down. Not only will it look better, but it will feel better to those looking for property in the Pleasanton real estate market.

Taste. If you’re hosting an open house for a Pleasanton home, you’ll want to have drinks and finger foods on hand as part of the event at the venue. If, however, you’re simply expecting a potential buyer to drop by with the realtor, make sure you have something on hand to offer. Something as simple as a ginger ale and homemade cookies can really set the stage and help them see your property as a home rather than just another house.

309 Old Oak Rd, Livermore CA (Represented Buyer)

Monday, June 7th, 2010

Home for sale in Livermore CA

Located in The Oaks community, this home for sale in Livermore CA has an open, flowing floor plan. Hardwood floor is made from Caribbean Walnut. Other amenities include plantation shutters, custom paint, upgraded kitchen with granite, six-burner range and pantry . Bedroom suite can be found on the first floor. It has a walk-in closet. Lovely private yard, Beatrix Potter garden! This is a 10++.

Beds: 4
Baths: 3.5
Garage: 3
Year Built: 2000
Style: Craftsman
Story: Two Story
Sq Ft: 2850(Public Records)
Lot Sq Ft: 14,104 (Public Records)
Builder: Pulte
MLS#: 40463749

Asking Price: $830,000
Sold Price: $830,000

This home in Livermore CA has already been sold. For other homes for sale in Livermore, CA and the surrounding East Bay Communities, please contact Sonali Sethna directly at (925) 525-2569.

Sonali and her family are proud to call Pleasanton CA their hometown since 1995. She has been a top-producing, Pleasanton Realtor since 1999.

Sonali’s Philosophy

I approach my real estate practice with a commitment to provide superior service. I have a passion for my chosen career and look forward to being your tenacious advocate for all your real estate needs.

Be assured that when you hire me, I will do an exceptional job for you. You can count on my honesty and trustworthiness, which for me is non-negotiable.

I look forward to working with you.

925-525-2569

sonali@sonalisells.com

Client Testimonials

"Sonali is a 1st class agent. My home sold the first day it went on the market. I was travelling out of town during this time and Sonali was exceptionally efficient in taking care of all the details regarding the sale of my house. She took care of all the details in a very professional and efficient manner. She was exceptionally thorough in her service."

- Barbara Usher

Click for more client testimonials

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