Opportunity Knocks?

At 55 Crest Ave. in Alamo, you might see a “best of both worlds” type home. It’s a 0.84 acre lot, the land is appealing, and because of that, they’re listing at $795,000.

But if you’re waiting to move into the 21st century, this may not be the place for you. Believe it or not, this run-down old place had almost 50 disclosure packages requested because of its location and potential.

I personally know a few people who are interested in the renovation project, with the knowledge that a remodeled home in that area may sell for much more later on.

Of course not all buyers who request a disclosure package will write, but I suspect they got at least 15 offers, the opportunity is too great even if the property sells for one million, it is surrounded by $1,500,000-$2,000,000+ homes.

There was a combination of speculators looking to flip it and disgruntled buyers who have lost out on homes and think it might be worth building their dream home. It just goes to show that the Bay Area real estate market is crazy red hot right now – it is a seller’s market.

If you are thinking of buying in or around Walnut Creek, give me a call! I’d love to help you.

Burger Lounge, Hella Good!

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.

Happy Easter from my clients!

This is why I do real estate. How awesome are these pictures and the nice messages from a client who clearly loves their new house? It’s moments like this that remind me why I love this job so much!

“Happy Easter, Kristin! We had our first formal family dinner at our house today and even broke in the fine china and family silverware.”

Are Walnut Creek’s In-N-Out dreams dead?

According to ABC7, the new In-N-Out location Walnut Creekians have been salivating over might be in trouble.

Just TRY to say no to this picture…

Apparently, a community near the proposed site (N. Main St. at Second Ave.) of the new location is trying to stop the construction because of the expected long drive-thru line that will cause traffic and late night noise.

The city has not taken a stance yet, and the owner of the property already has it zoned for a restaurant, so it may very well still happen. Would In-N-Out have a restaurant without the drive-thru window? If so, how will In-N-Out feed all the folks who don’t want to leave their cars to eat their fast food?

Anyway, the local community rightly likes its quiet, peaceful street and think there is already a plethora of fast food restaurants nearby, making In-N-Out unnecessary.  My son will be bummed, I for one am indifferent.  They are not my favorite, the patty is too small…stay tuned for future blogs on our areas burger locals.

This would look great on N. Main St. Just saying.In all seriousness, it looks like the city will plan a few public hearings after they review the proposal again. It remains to be seen if the local community will have their way, or if residents of Walnut Creek will be able to save themselves 10 minutes of driving on 680 (in either direction…) for those juicy burgers.

For what it’s worth, the anti-In-N-Out petition on Change.org has about 10 times as many signatures as the pro-In-N-Out petition. At least our town gets involved.

The problem with large AMC’s for lenders and clients

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.

Family Home, Residence, Contemporary, Property, Modern

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.

For more information about this topic, see this Washington Post article Jay quoted in his blog. You can visit JVM Lending here.

Pending: 304 Grapevine Pl. (Pleasant Hill)

A past client just put his home at 304 Grapevine Place in Pleasant Hill on the market. It went pending in 7 days and received four offers all over the asking price.

He only bought 15 months ago, but a career with the Coast Guard has him moving to Seattle and he will still walk away with some money in his pocket, although he is telling me Seattle is as pricey as the East Bay if not more so.

I love helping our military sellers and VA buyers. I specialize in knowing about the VA loan, have worked on a military base in Nuremberg, Germany and have a son who is currently in the Navy (on a nuclear sub, NuPoc graduate). If you know somebody who is eligible for the VA benefits and would like to know more about the home buying process, I would be honored to help them.

You can take a tour of their beautiful home here. If you’d like to know what it takes to get your home sold in 7 days or be next on my list of satisfied customers, please give me a call or visit my website at www.kristinlanham.com.

Art Town: Sparks

Tucked away in front of a building on Cole Ave. (off N. California Blvd. by The Counter), is a cool sculpture called “Sparks.” I never would have noticed it if not for looking up while I was walking by.

The sculptor is Linda Fleming, a longtime sculpture professor at California College of the Arts. She has three major pieces at the Oakland Museum, which you can see HERE, HERE and HERE.

Lesson learned: always pay attention to your surroundings so you don’t miss anything!

April events to mark on your calendar!

Believe it or not, it’s already almost April! As the calendar turns from winter to spring, Diablo Magazine has provided a few awesome ideas for local events in the Bay Area next month.

Image result for mt. diablo

Here are four of the best ones that I’m personally interested in going to:

The Naked Magicians: April 3rd at Livermore’s Bankhead Theater

An Australian duo who put on “the world’s naughtiest magic show,” complete with illusions and comedy. Adults only!

Bay Area Craft Beer Festival: April 22nd at Martinez waterfront

More than 50 local breweries, live music and food trucks from all over the East Bay? Yes, please!

Diablo Trails Challenge: April 15th at Mt. Diablo

You can choose from a 5K, 10K, 1/2 marathon and a 50K. Partial proceeds go to Save Mount Diablo!

Monet: The Early Years: Through May 29th at Legion of Honor (San Francisco)

You can get a cool perspective on Claude Monet’s early period of work, covering his evolution to Impressionism at the SF Legion of Honor.

Leave a comment if you know any other fun things to do next month!