New emerging trends

By Joedy Michael Special to the Express

As the market heated up coming into summer, it’s been interesting to see how buyers and sellers react to competitive situations, especially when it comes to property conditions and value. While more common in urban communities, sellers locally are becoming more inclined to get pre-sale inspections before listing their homes. This step allows buy- ers to review reports and understand property conditions before putting in an offer and increases the chances for a seller to receive a non-contingent offer.

Sold

80.9 acres for sale about 1/2 mile from Winters. Improvements include a 5 bed, 3 bath home & approximately 78 acres planted to walnuts.

M2 & Company

530-795-2810

CADRE#00811568

IRELAND AGENCY INC.

Contact me with your Real Estate questions about property values, selling or buying.

Tim Ireland (CA DRE #00546333), CEO / Broker 26 Main

I am a fan of this model in the right circumstances. An interesting shift is now seeing agents countering on offers that are not contingent on inspections and asking buyers to keep a three-day inspection contingency to do their due diligence. This is purely to protect the seller from any possible lawsuits resulting from negligence or non-disclosures. I am cautious of agents who counter in such a manner because this is a recent development and I wouldn’t want my buyer clients to be negatively impacted by the one-sided move.

Another change I have noticed is how a seller’s credit may be taken into account in appraisal reports.

For the past year, ever since the interest rates went up, buyers could request a seller credit to help towards closing costs or rate buy-downs. To benefit both parties, we would increase the purchase price by the seller’s credit value. This strategy requires the value to be assessed at the agreed purchase price, which will allow the buyer the liberty to use the credit towards making the deal more affordable, and the seller still gets market value for their home.

If an appraiser deducts the seller’s credit value from the purchase price, it can make the deal lopsided and potentially fall out of escrow. We are now seeing more and more of this and a recent conversation with an appraiser has confirmed that appraisers were now asked to include the seller credit as a negative adjustment in the value estimate. Being aware of these recent changes helps create better and stronger offers for buyers and increases the chances of closing escrow.

If you have any questions about recent developments or our local market, please send me an email! Reach Realtor: Joedy. Michael@norcalgold. com

COMING

Darling, 3 bed, 1 bath, one story home on a large lot with lots of fruit trees, newly landscaped and beautiful. List price $489,00.

“Committed

PAINTED. 5 bed, 3 bath home, walking distance to beautiful downtown Winters. Low maintenance front and backyards. Seller willing to credit $10,000 toward buyer’s closing costs. Offered at $725,000. Call for details.

5.85 ACRES OF WALNUTS in between Winters and Davis off Russell Blvd. County says you can build on it! Offered at $550,000. Call for details.

38 ACRES! Beautiful Chandler Walnut orchard. Located just outside of Winters off Putah Creek Road. Very well taken care of. Great producer, Excellent soil, solid set sprinkler system with an ag well. Would make for an awesome building site! Offered at $1,095,000.

IN NATOMAS. Super clean 3 bed, bath. Offered at $560,000.

AN ABSOLUTE PIECE OF PARADISE ON 3.26 ACRES! Just outside the Winters City limits. This home has it all. Tastefully remodeled great room, includes your own personal bar, and an amazing wood burning fireplace. The outdoor pool area is like a private retreat.Beautiful outdoor kitchen with all the amenities, as well as a full outdoor bathroom and shower. Oh ya, there’s more. The shop is 50X90 and has its own gym area. Plenty of room for the motor home, and or boat. Offered at $2,095,000

IN WOODLAND. 4 bed, 2 bath. Large lot. Great location. Offered at $549,925

GREAT STARTER HOME. 3 beds, 1 bath. New flooring throughout. Close to all schools. Offered at $350,000.

2 BEDROOM 2 BATH HALFPLEX. Close to core downtown. Great court location. Good sized backyard. Offered at $445,000

Call for details!

INTERESTED IN SELLING?

OPPORTUNITY KNOCKS IN NORTH VACAVILLE!

6 approved lots with separate APN numbers. Final map approved project is ready to move forward. Lots located in area of million-dollar(+) homes. Seller owns 31 water rights. Call today for more details! Priced at $1,199,999.

5 ACRES ZONED INDUSTRIAL. Commercial water and PG&E at lot. Great location on Airport Road close to new housing tract and Trilogy housing tract. Call for details.

Sold! 5 ACRE, 3 BEDROOMS, 2 BATHROOMS with a nice horse set 3 stall barn with tack room, outdoor sand arena, fenced and cross fenced, 2/2 bath modular home along with a large shop, custom chicken coop. Home has been completely remodeled in 2017 down to the studs and and reinforcing foundation. All new heating and air, windows, kitchen, appliances, bathrooms, flooring, all eco friendly materials, lots of fruit trees. This is a rare one of a kind property!! Call for appt today!

Sold! ABSOLUTELY GORGEOUS FRESHLY RENOVATED VACAVILLE, 3 bedroom, 2 bathroom single story. White kitchen with stunning wrap around countertops and brand new stainless steel appliances. Landscaped yard with stamped patio perfect for entertaining. Close proximity to schools and shopping. $599,000

Sold! HARD TO FIND CUSTOM 3 BEDROOM, 3 BATHROOM, 3200 sq. ft. home. In ground pool, new paint, new flooring throughout,

You’ll love the open floor plan of this neat and clean 2/2. Park under the covered car park and enjoy a small yard or take a walk along the pathway. This community offers lots of activities and has a convenient location in Davis. $149,900.00. I’m never too busy to help your friends and family with all their real estate needs! Property Management Services Available more information, visit www.sandyvickrey.com