Newsletter, 7/8/22

REAL ESTATE NEWS

5 Reasons Not to Buy a House and 5 Reasons You Should

Key Takeaways

• Buying a home is a major decision and shouldn’t happen just because you can qualify for a mortgage or are experiencing external pressure to buy.
• You also shouldn’t buy a home if you may move soon, don’t have the income to cover regular maintenance, or have debt that needs to be addressed.
• Buy a home when you are emotionally and financially ready, want stability, are ready to build equity, and have a secure income.

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What It Means To Buy A House Sold As-Is

You might see a few listings for homes sold “as-is” during your house search. “Sold as-is” homes can be attractive because they’re usually priced lower than similar properties. Before you think about buying an “as-is” home, make sure you fully understand the pros and cons.

What Does ‘Sold As-Is’ Mean?

Sellers list their homes for sale as-is when they don’t want to do any repairs before closing. It means there are no guarantees from the seller that everything’s in working condition, and they’re not required to provide a Seller’s Disclosure. If you buy an “as-is” home and later find major problems, you’re responsible for the repairs.

“As-is” sellers still need to meet federal and state minimum disclosure standards, which include telling you about conditions like lead paint.

“As-is” doesn’t always mean broken beyond repair. There are many reasons why a seller might list a home as-is even with minor or no issues. The seller may be in debt and not have the money to pay for repairs. The seller might not have time to wait for contractors to finish a major job. There are also plenty of non-repair-related reasons why a seller might list a home as-is. READ MORE

What Should You Consider Before Buying a House As-Is?

The term “as-is” in a real estate listing indicates that the buyer must be willing to accept the home exactly as it currently is, foregoing any opportunity to request that the seller make repairs or offer credits for problems with the property. Let’s take a look at how you may encounter the term “as-is” in a real estate transaction.

The Entire Property Being Sold “As-Is”

When the entire property is being listed and sold “as-is”, the seller will not make any repairs, nor offer any credits for potential defects of the home or grounds.

Some examples of major defects that the seller would not have to correct might include:

• Structural problems
• Leaking or faulty roof
• Chinese drywall
• Active termite infestation or damage
• Non-functioning systems (HVAC, septic system, etc.)
• Mold or mildew problems
• Presence of asbestos or other harmful materials

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Ralene Nelson, REALTOR®

JUST LISTED – 514 Montezuma St. Rio Vista

Don’t miss this opportunity to purchase a fixer to flip. 2 bedrooms/2baths and single car garage with alley access. Kitchen has had a remodeled, oak cabinets, dishwasher, disposal, & gas stove. Home has all new double pane windows. Refrigerator, washer/dryer convey. READ MORE

OPEN HOUSE – Saturday 12am – 3pm & Sunday 1:30pm – 3:30pm
FOR SALE – 829 Waterwood Dr, Rio Vista, 2bds/3.5bths/2,486sf

Price Change $475,000 – This Soraya model located in Trilogy, provides a relaxing mood. Tiled floors with carpet in bedrooms, quartz counters & lighter cabinets in kitchen. The kitchen has a bar and room for stools, this feature makes a great entertaining/casual dining spot. The built-in entertainment space in the great room also provides the chef access to the activities. The dining area has a slider to the covered patio area. The larger master bedroom and bath have double sinks & walk-in closet. The 2nd bedroom is to the front of the home with a bath next to the bedroom. Den can be utilized as an office or even 3rd bedroom. Larger lot with low maintenance gardens with drip system. Don’t miss the opportunity to own this home. Solar home, prepaid by the builder for 20 yrs, 14 yrs remaining. Trilogy offers so many amenities with a low monthly HOA fee. 2 swimming pools/spas, tennis & bocce ball courts, billiards, & a gym, and a playground for grandchildren. Cafe/restaurant are in the development so just drive your golf cart & never leave the site.
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OPEN HOUSE – Saturday 11am – 2pm
FOR SALE – 30 S 2nd St. Rio Vista, Residence and Commercial Building

Asking $699,500 – Are you looking for a home and in need of a business space? Or perhaps a home with a possibility of in-law quarters? This home might meet those requirements. Victorian style home with partial wrap-around porch provides a cozy place for morning coffee or afternoon beverage. 2 bedrooms up with 1.5 baths on the main floor. The possible room upstairs to add at a minimum 1/2 bath. Laminate flooring on the main floor with carpeted stairway & in bedrooms. HVAC & tankless water heater with inside laundry. 2nd building has been used as a commercial, however, could be added onto & remodeled to be ADU/2nd unit. READ MORE

FOR SALE – 366 Silver Ridge Dr. Rio Vista, 2bd/2ba/1579sf

Price Change $475,000 – This Soraya model located in Trilogy, provides a relaxing mood. Tiled floors with carpet in bedrooms, quartz counters & lighter cabinets in kitchen. The kitchen has a bar and room for stools, this feature makes a great entertaining/casual dining spot. The built-in entertainment space in the great room also provides the chef access to the activities. The dining area has a slider to the covered patio area. The larger master bedroom and bath have double sinks & walk-in closet. The 2nd bedroom is to the front of the home with a bath next to the bedroom. Den can be utilized as an office or even 3rd bedroom. Larger lot with low maintenance gardens with drip system. Don’t miss the opportunity to own this home. Solar home, prepaid by the builder for 20 yrs, 14 yrs remaining. Trilogy offers so many amenities with a low monthly HOA fee. 2 swimming pools/spas, tennis & bocce ball courts, billiards, & a gym, and a playground for grandchildren. Cafe/restaurant are in the development so just drive your golf cart & never leave the site. READ MORE

PENDING – 13 Amador Cir, Rio Vista, 4bds/2.5bths/1,989sq.ft.

Your beautiful dream home is on the market!! This remodeled home has newer kitchen & baths, salt water pool, spa and gorgeous bbq kitchen with bar/firepit, refrigerator, ice maker & more. RV parking for 2, so your ski boat & RV will fit in the RV garage. Garage is equipped with sewer connection & electricity. Sliding doors open up to the pool area. Home is 3 bedroom, can be 4, & 2.5 baths. The master sitting area was the 4th bedroom, so can be closed off. Master bath has double sinks, walkin shower and bidet & master bedroom has large deck w/views of the N hills. A spiral staircase off deck takes you to the pool area. Family room has an entertainment bar w/refrigerator & sink. Step out to the backyard to a swimming pool w/solar heating, BBQ kitchen with all the amenities, outdoor shower w/tankless water heater and stage for band. No rear neighbors. Home also has double car garage as well, with indoor laundry.

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Events in Northern California this Week-End

Stanislaus County Fair

Jul 8, 5 PM – Jul 17, 9 PM
900 N Broadway, Turlock, CA