When you sell a home, you don’t need a real estate agent, just like you don’t need a lawyer when facing criminal charges. You can, if you want to, represent yourself in a court of law, and you can always put your home up for sale by owner (FSBO).
But, it’s an extremely risky proposition. As outlined in this Inman article, there are many things to consider when putting a home up FSBO. Here are eight things, summarized from said Inman article, that sellers risk when they don’t have a realtor representing them:
Realtors are professionals in this business. They have expansive knowledge of the complicated home-buying and selling processes, possess loads of helpful data, and have large networks of people who can help minimize the difficulties that arise.
The non-realtor probably doesn’t realize how many hours are put into any given home, buy or sell. Real estate agents are available for clients around the clock, on a whim, and can confidently and smoothly quell any concerns by potential home buyers.
Preparation is essential to selling a home – what buyers see when they walk through the door will determine if your home sells. Agents can prepare the finest details and have stagers, professional photographers and others who will help make the space beautiful.
Anyone can draw up a “For Sale” poster, but realtors will design, distribute and widely market the home to a huge number of potential buyers. Realtors can access predictive analysis and promote to those demographics on social media. Also, they know just what to write to draw interest.
5. Negotiation experience
If you’re doing FSBO, what do you do when you actually receive an offer? There’s a purchase agreement to be discussed, price negotiations to be had, and so on. Realtors will make sure you don’t get screwed by a buyer, and that you only incur costs you’re supposed to pay.
6. Inspection and repair know-how
One of the most important parts of any real estate transaction is knowing which inspections to expect and how to get them done. This is where the realtor’s web of resources comes in handy again – he or she should be able to provide repair people to fix anything discovered in an inspection.
7. Transaction management
Once a home is in contract with a buyer, there are more steps to close the deal. Realtors can make sure the right people are contacted to handle the closing, appraise the property, repair anything found in inspections and anything else to follow up on.
8. Closing finesse
There are expectations upon closing a property. Non-realtors probably don’t understand what the buyers expect, in terms of when move-in/move-out occurs, the condition one should leave their home in, or what to do if a last-minute issue arises. Realtors do know, and they are worth the time and money to ensure your sale is in good hands.
FSBO’s may be intriguing to the cheap and/or self-confident, but the small savings on a realtor’s commission is not worth the hassle that comes with navigating such a difficult process without professional help, and often a house sells for less than what it would have with an agent even after the commission has been paid.
On that note, there’s a reason I do what I do! I’d love to help you buy or sell a home. Please reach out any time for information regarding the current, local real estate market!
Burger Lounge, the new burger joint on Oak Grove Rd., is making its first foray into Northern California with its Walnut Creek location.
Rooted in San Diego, they are well-known for their grass-fed beef, craft sodas, huge salads, half-and-half fries and onion rings and delicious shakes. The decor is fresh and stylish; I saw lots of people comfortable and conversing.
(Note: if you get there after 11:30 on weekdays, there will be a line out the door)
Burger Lounge also serves wine and local craft beer (Calicraft at the Walnut Creek location). Maybe the coolest aspect of the Burger Lounge mission is that they try so hard to make food that tastes good but is also as sustainable as possible. As mentioned, their burgers are grass-fed and they avoid a lot of the processed ingredients other places use.
I really liked my burger. I got mine to go and it was gone before I hit 680. Overall, I give Burger Lounge FIVE Mt. Diablo’s! Give it a try and let me know if you agree.
Grab your kids for a short road trip! Today there is a fun event going on in Capay (1.5 hours from Walnut Creek, just North of Vacaville): a 5K run and farm tour at Capay Organic.
I get produce from the delivered to my door weekly if I choose and you pick what you put into that box – of course it is only fruits and veggies currently in season and they often have a recipe included. Last week I got sunchokes as I forgot to modify my order – these are also called Jerusulum articokes and I made a wonderful potato sunchoke latke which will be recreated and served for Easter Brunch.
Tickets are available here, and sign in begins at 10 a.m., with the run starting a half hour later. The farm will be open to tours from 11 a.m. to 2 p.m., and includes the options of tractor rides, a Q&A, arts and crafts, face-painting, a petting zoo and an Easter egg hunt!
If that’s not the most perfect way to spend Saturday of Easter weekend, I don’t know what is! For you foodies, there will be a little farmer’s market section with local honey, olive oil and pesto tastings, fresh Mexican food and plenty of sweet dessert and coffee options.
For a little different twist on your regular Bay Area road trip, consider Capay Organic for your next weekend away. They have events almost every month, and the pictures make it look like an absolutely gorgeous setting. I wish I could have been there today myself!
Our friend Jay Vorhees at JVM Lending wrote a blog recently about Apprisal Management Companies (AMC’s) that I found really interesting. Jay wrote about the mess that usually comes out of a broker-lender relationship due to appraisal issues.
After the mortgage melt down the laws changed that required lenders to use AMCs instead of cherry picking their appraisers directly. This past practice created an opportunity for dishonest practices. However, creation of AMC’s created a separate list of issues and caused the cost of appraisals to increase. The AMC’s usually paid the appraisers too little and decreased motivation by appraisers to do a good job or they hired inexperienced appraisers because the seasoned appraisers got out of the business as their salary decreased. Initially there was no parameters in place for the appraiser you got. Many times, I got an appraiser from Sacramento appraising a property in the Walnut Creek School District and would get a low value because the comps they pulled were parts of Walnut Creek not in the school district. As you can imagine, this led to some huge problems
As time passed, mortgage brokers such as JVM have moved to a “mortgage banking channel” to avoid using AMC’s and now utilize their own internal AMC that is still compliant but staffed by competent, local, highly-skilled appraisers of JVM’s choosing. The lender still can’t talk to the appraiser, but at least they have control of the quality of appraisers and know the area they are appraising.
This New Year’s Eve, there seems to be a ton of fun events at local establishments for you to ring in 2017 with.
For me, New Year’s is a time to reflect on the year that has just passed and to focus forward with new resolutions – what can be improved, how to get into shape and what can I do better. I tend to struggle with the idea that one has to have a special celebration for this event, as I always find the hype does not live up to the expectation, and I am left with disappointment.
My best New Year’s celebrations have always been the unexpected. My favorite was a last-minute ski trip to Sugar Bowl where we scored a small room due to a cancellation. Our kids had the run of the lodge because the only way in was by gondola, and we could walk out the door to the lift. To our surprise, they had night skiing, champagne and sparkling cider at the hut atop the hill. Then, at 11:30, those who wanted to participate did the torch run, and when all were safely down, the fireworks exploded! So as the clock hits midnight, we all turn the page and start looking forward to new adventures in 2017.
If you feel that you have to do something and have made no plans, but don’t want to venture all the way to San Francisco, take a look at a couple of local events taking place on New Year’s Eve:
- The Groove Doctors at San Ramon Marriott (8:30 p.m. for $77/ticket)
- Phantom of the Opera Masquerade at Nica Lounge in Concord (8:30 p.m. for $15-50/ticket)
- New Year’s Eve at Jack’s in Pleasant Hill (9:00 p.m. for $40/ticket)
Of course, you could always do something unexpected and maybe have the best New Year’s ever! No matter what you choose, I wish you a delightful evening and a prosperous 2017!
Looking for something to do on a lazy weeknight in Walnut Creek? Maybe craving another local live music show after your BottleRock or OutsideLands weekends? Well, you’re in luck!
Broadway Plaza is hosting its Summer Concert Series every Thursday night of this month. Each concert is free and open to the public from 6:30 to 8:30 p.m.
You’ve already missed one show on August 4th, but you can still catch:
- Foreverland on August 11th
- Mustache Harbor on August 18th
- Tainted Love on August 25th.
Also, don’t forget the Party in the Plaza on September 1st: it’s a special event featuring a concert with Mark McGrath and Pop Rocks! For more information, click here.
This year’s event will be located in Broadway Plaza’s brand new Event Plaza, which is near Macy’s and the newly opened Broadway Lane.
They don’t allow outside food or beverage, but will sell both at the shows! Of course, you could always wander over to pretty much any bar or restaurant for a drink or a bite afterward from that location, too.
Walnut Creek continues to find cool ways to get its people outside this summer – enjoy and have a great time! Just bit bummed about not bringing my cooler, but maybe that keeps it free!
Do you smell that? It must be the eclectic mix of fresh, local dishes and fancy San Francisco-transplanted restaurants that dot the little town of Walnut Creek. It’s no secret anymore: Walnut Creek has become a foodie haven.
In fact, earlier this year, Livability.com ranked Walnut Creek as the 10th-best foodie city, based on the residents preferring independent and locally-owned restaurants over fast food chains (that might explain the disappearance of McDonald’s and Taco Bell over the last few months!).
Also getting a shout-out was The Art and Wine Festival, which draws thousands of visitors every year. From highly-rated stops like Walnut Creek Yacht Club, to the neverending list of new restaurants popping up, Walnut Creek has put itself on the radar among the best food cities in the country.
Is it any wonder that Walnut Creek is getting so much attention for its culinary game when places like Teleferic, Rooftop and Slice House can all pop up within a few months in the same building? A building that is next door to long-time favorites like Tomatina and La Fogata? Just down the block from hip dessert shops like Kara’s Cupcakes and Cream?
Walnut Creek has become an extension of the nearby food meccas of Oakland, Berkeley and San Francisco.
It has become the crown jewel for tourists craving good eats in the East Bay. It may not have any restaurants listed in the Yelp Top 100 nationwide, but the Bay Area has a ton.
So if you are looking to expand your epicurean tastes, check out Open Table top 10 Diners’ Choice Winners for the greater Bay Area. We are so lucky to live in this beautiful place and taste the bounty of menus it has to offer.
Have you noticed a significant uptick in clucking sounds around the East Bay? That’s because everybody is raising chickens in their yards these days! What was once a hip trend has now exploded into status quo.
I have been hearing some squawking in my backyard for some time and I finally realized my new neighbors have chickens. I thought it was a county-approved thing, but no, those in the city can have chickens too.
Each has iseparateate rules and laws: permit processes are different, who responds to a police call is different, and the determination of crossing guards at your elementary school changes.
On Saturday, the Ace Hardware in Walnut Creek will be displaying custom chicken coops made by local resident Shaun Rang. He will have multiple styles and colors available and will be at Ace from 10 a.m. until 2 p.m.
Of course, you can also pick up other chicken-raising supplies (feed, etc.) at Ace too. Be careful about checking your local regulations before you get started, though.
Some cities are still in the process of updating their laws and regulations regarding chicken coops (don’t worry, Walnut Creekians – you’re good to go in our town!).