SOLD! 4248 Bevilacqua Ct, Pleasanton, CA 94566
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Do you want to make your home listing stand out to buyers?
Home buyers consider hundreds of factors before making the decision to buy. These typically include the location of the house, the interior features, the size of the lot, the school district, and the nearby amenities.
This is perfectly understandable since buying a home is much more than just making a purchase, it’s a major investment. Buyers in the market for Pleasanton CA real estate are just trying to get the most bang for their buck.
Every home buyer has a unique set of wants for a house. However, they know that they will never find a home that ticks off everything in their wish-list, so they’re willing to settle for a house that grants most of their wishes.
If you want to get ahead of the competition, you need to be aware of what homebuyers are looking for. There are some home features common to many buyers’ checklists. Here is a list that will show you what home buyers want when shopping around for prospective property.
#1 Hardwood Floors
According to the National Association of Home Builders, today’s homebuyers are looking for hardwood floors. Hardwood is one of the oldest flooring materials there is, and it never goes out of style.
Hardwood flooring can make any home look elegant. Plus, it’s easier to maintain and is more durable than carpet, which needs to be replaced every eight to 10 years.
They are also much more resistant to spills and stains. Hardwood can be refinished periodically and last a lifetime.
Moreover, hardwood doesn’t hide harmful particulate matter, making for a healthier, safer living environment, especially for those who suffer from allergies.
Hardwood floors are worth every penny you invest in them. In fact, many homeowners attest that the money they spend fixing their floors before selling the home usually give 100% return on investment.
#2 Laundry Room
Do you know which feature topped the National Association of Home Builder’s list of most wanted home features for buyers of all ages? Buyers from across all ages- from millennials to seniors- prefer a home with a separate laundry room.
The average American spends more than eight hours a week doing laundry. It makes sense to have one room dedicated to the job.
Today’s home buyers are looking for a light and airy laundry room with plenty of storage, counter space for folding clothes, and perhaps a utility sink. Having a laundry room is a huge benefit as it helps keep the mess out of the rest of the home.
#3 Plenty of Storage
Little or no storage space? Then the value of your home for sale in Pleasanton could be affected.
A family can amass many personal possessions over the year, and it can be easy for those items to create clutter in a home. Home buyers prefer a home that has ample storage to keep the open spaces clutter-free. A smart storage solution is the key to having a neat and beautiful home.
Built-in storage – including linen closets, wardrobes, and even walk-in kitchen pantries – are now a must to attract home buyers. Custom closet systems and well-designed walk-ins are considered major selling points.
I can’t stress enough how important storage space is. Homeowners who make improvements to create storage space are often rewarded with higher house values.
#4 Exterior Lighting
Exterior lighting is as important as interior lighting. According to NAHB, it is one of the most wanted outdoor features in a home.
Lighting up a well-maintained lawn can help grab buyers’ attention before they even set foot in the front door. A well-lit home showcases its aesthetic and creates a warm, welcoming, and safe atmosphere.
Outdoor lighting can have a big impact on the overall look of your garden and patio, making it important to pay attention to where you set the lights, and to what kind of lighting you use to light up the yard.
Aesthetics aside, exterior lighting can serve as an added safety feature for the home. For example, motion-sensor lights turn on automatically whenever there is movement outside the house.
#5 Outdoor Living Spaces
A beautifully designed outdoor living space can set your house apart from other homes for sale in Pleasanton. It also increases the functional square footage of your home.
Outdoor living spaces have also become incredibly appealing to home buyers who are in the market for a new home. A National Association of Realtors survey shows more than half of surveyed buyers would pay a premium for a home with an with a well-done outdoor living area. These outdoor spaces can include anything from landscaped decks and patios, to covered outdoor living rooms, kitchens, or bars.
Today’s homebuyers are looking for ways to incorporate the outdoors into their daily lives. French doors leading to a large patio encourage flow and create a feeling of harmony between the interior and exterior of a home.
#6 Energy Efficiency
With home utility bills consuming an ever-greater share of the family budget, it isn’t surprising then that more home buyers are placing energy efficiency at the top of their wish list.
Energy costs can make up a significant portion of the recurring monthly expenses. With energy efficient appliances and home upgrades, homeowners can save anywhere from 5% to 30% on utility bills.
Energy efficient homes are also instrumental in saving the environment. Homes that consume less energy produce fewer carbon dioxide emissions, thus protecting the environment from climate change.
In the real estate market, an energy efficient home usually sells for a higher price when compared with other homes. Investing a little money to increase your home’s energy efficiency also increases your home’s final selling price.
If your budget permits it, you can consider some or all of the above suggestions. However, you don’t have to break the bank in order to get your home ready to sell. My team and I will definitely have some suggestions on how to make your home more appealing to buyers.
If you’re looking for a REALTOR® who is knowledgeable about these features and understands the inner workings of the benefits of these features, call me, Doug Buenz, at (925) 621-0680 today.
In case you can not view this video here, please click the link below to view ?What Features Will Help Sell Your Pleasanton CA Home Fast on my YouTube channel: https://youtu.be/Q0vUe35tZys
Gorgeous remodeled west Pleasanton single story. Imagine a fabulous one story home in a premium location. Imagine a fabulous open floor plan designed for modern living. Imagine gleaming hardwood floors and designer updates throughout. Imagine a gourmet granite kitchen and newly remodeled bathrooms. Imagine a private yard with new landscaping and a tree house. Imagine walking to parks and schools. This is a wonderfully made home in Pleasanton CA. Welcome Home!
SOLD! 3668 Ashwood Dr Pleasanton, CA 94588
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**In case you cannot view this video here, please click the link below to view The Importance of Quality Photos in Marketing Pleasanton CA Real Estate on my YouTube channel: http://youtu.be/BISDCka3Obs **
Hi, I’m Doug Buenz and this is the 680 Homes Video Channel. Today we’re going to talk about photography in real estate and why it’s important.
Everybody knows buyers start their home search – 90% of them anyway – on the internet. Your photographs are probably the single most important element to buyers’ decision as to whether they want to see your home or not.
The quality of the pictures has a huge impact on whether you can convert an online visitor into an actual showing of your property. As we know, the more people look at your home in person the higher the chances you’re going to sell your home quickly for top dollar.
I personally hire architectural grade photographers to shoot my houses. One of the big reasons is their equipment. They bring in ancillary lighting. We do night shots. We do things that actually make the house look better than arguably it is, in some cases. So, photography is super important.
The other thing is photography speaks to the quality of the marketing of your home and therefore it extends to the quality of your home. Quality is everything when it comes to marketing and photographs are a huge component of that.
Those are some of the factors that make photography so important to you. They say pictures are worth a thousand words. In real estate, pictures can be worth thousands of dollars. So, let’s make sure you have high-quality photographs that present your property in the best possible light so that you can get on with selling your home.
This is Doug Buenz with 680 Homes Video Channel.
1035 Sycamore Creek Way | Pleasanton | CA | 94566
Elegant single story home in Sycamore Heights. 4 Bedrooms, 2.5 Bathrooms, 3,201 sq ft, on a Private .39 Acre lot. More details to come!
7700 Foothill Rd | Pleasanton | CA | 94566
Imagine an exquisite gated estate nestled against the Pleasanton Ridge. Imagine custom tumbled stone, granite, limestone, and designer finishes throughout. Imagine a huge “great room” with beam ceilings, custom bar, and dramatic 20 ft fireplace. Imagine an inviting loggia with kitchen and incredible resort-like yard. Imagine a flat 3 acre creek side lot with room for vineyards or guest house. Welcome Home!
7717 Applewood Way | Pleasanton | CA | 94588
THIS IS IT! Charming updated traditional home in a premium West Pleasanton location. Gleaming hardwood floors, newer carpeting, spacious remodeled granite kitchen, remodeled baths, inside laundry, elegant formal living room, large dining room, expansive family room, and designer finishes throughout. Private 7000 sq ft lot with large covered deck, patio, and large workshop.
Located on a quiet, private street in the heart of Highland Oaks in West Pleasanton. It features a highly popular community pool & clubhouse, and is walking distance to award winning schools and community parks. Abundant shopping is nearby, and it has excellent commute access to BART, I-680, and I-580. This elegant charming home is perfect buyers looking for an updated home in a premium location close to everything. Welcome Home!
NOTE: This post was originally posted in 2010, but still very relevant
The appraisal contingency is a standard clause in most real estate purchase agreements. It is a clause that essentially says “this contract is subject to the property appraising at the contract sales price (or more), or the contract may be canceled by the buyer”. While the intent is fairly clear, what is less clear is what happens if the appraisal comes in below the sales price.
First of all, a disclaimer. The appraisal in question generally refers to the bank appraiser assigned by the buyer’s lender to appraise the property as part of the loan process. If the buyer is paying all cash, they can still include an appraisal contingency, and contract to have the property appraised as part of the purchase. While sellers often wish it to be so, this clause does not apply to a previous appraisal obtained by the seller, either as a preemptive measure or as part of a refinance or purchase. Prior appraisals are not used to satisfy the appraisal contingency. In fact, as written about previously, the bank appraiser is independent of the lender, and seller for that matter. In theory, thanks to the recent changes in the appraisal process, appraisers have absolutely no contact with the lender. This is in order to avoid manipulation or undue influence on the valuation. So, if the appraisal comes in at the sales price or greater, the condition is essentially satisfied and the buyer can not cancel the agreement on that basis.
But what happens if the property does not appraise for at least the sales price? It is really up to the buyer. The buyer can cancel the agreement. If the appraisal comes in low, the buyer may question the value of the property and become uncomfortable with the price they are paying. In this situation, it is not uncommon for the buyer to elect to cancel the agreement outright, especially if there are other factors that have made the buyer second guess the purchase (such as inspection issues, or job instability, etc). And they have every right to do so under the contract. Or the buyer may have to cancel the agreement if they don’t have the resources to complete the purchase. If the buyer is putting a set amount down (5%, 10%, or 20%), they may not be able to obtain the loan stipulated, even if they want to proceed at the higher sales price. When a property appraises less than the sales price, then the lender bases their loan on the appraised value, not the sales price. For example, say the sales price is $1,000,000, and the buyer is getting an 80% loan (or $800,000). If the property appraises for say $900,000, then the lender will only lend $720,000 (or 80% of the appraised value). The buyer would have to come up with the additional $80,000 in order to purchase the property at $1,000,000. If the buyer has the resources to fund the difference, they can still elect to proceed with the purchase, even though the purchase price is higher than the appraised value.
The buyer and seller can also negotiate a compromise or alternative course of action. There is no contractual provision for the seller to mandate another appraisal, or to appeal the valuation, or to force the buyer to purchase the property at the contract sales price. Any mitigation of the appraisal situation requires the consent of the buyer. Certainly, the appraisal is just an opinion (theoretically a highly educated one) of the value of the property. And appraisers are human, and fallible, and the quality of an appraisal does vary. Many times, the parties can challenge the appraisal by providing the lender (and/or appraiser) alternative sales comparables that justify a higher price, or correcting errors in the original appraisal report. It also might be possible to order another appraisal on the property that will hopefully come in at the sales price, but the buyer and seller would have to agree who will pay for it.
Perhaps the most common solution to a low appraisal is to negotiate a new purchase price. Sometimes the seller is forced to lower the purchase price to the appraised value or risk losing the buyer. Sometimes, the parties settle on a price between the sales price and the appraised value. Where this negotiation goes has a lot to do with current market conditions. If it is a hot market, and there are other potential buyers interested, then the seller is not likely to be too flexible in terms of adjusting the sales price. But if the market is slow, and there are not many buyers in that price segment, the seller would be wise to be open to adjusting the price. At the end of the day, a lot will depend on the resources and motivation of both parties. If the buyer wants to buy the house, and the seller wants to sell it, then there is a good chance to overcome an appraisal problem. As long as both parties feel the resolution is fair and just, a low appraisal does not necessarily mean the transaction is dead. It just means there is more work to do, which seems to be a common scenario in these complicated times.
6155 Club House Dr | Pleasanton, CA 94566
Offered at $2,758,888
Imagine an exquisite custom home in a spectacular setting in prestigious Callippe Preserve. Imagine soaring volume ceilings and amazing views from nearly every room. Imagine an open floor plan designed for modern living. Imagine gleaming hardwood, granite, marble, and the finest in designer finishes and amenities throughout. Imagine a private half acre lot with sweeping views. Welcome Home!
**In case you cannot view this video here, please click the link below to view “Why Don’t Buyers Make an Offer on My Pleasanton House?” on my YouTube channel: http://youtu.be/QVuSwtAkVCw **
00:09: Hi, I’m Doug Buenz and this is the 680 Homes Video Channel. Today we’re going to address a question I get quite a bit which is, “Doug, I know my house is priced kind of high. So why don’t buyers make an offer?”
This is an interesting question. It can be puzzling. My experience tells me there are several reasons for this.
00:31: Number one. There are things about the property that the buyer just doesn’t like – its location, its condition, its amenities, etc. The things that just make a property not desirable to the buyer. So, they would not make an offer on the property. I don’t want to say at any price but for any reasonable price, they just don’t perceive the value to be there.
00:53: The second reason is maybe a buyer sees the house and likes it but they think it’s just too expensive. They don’t want to insult you or go through the process, time, and agony of making an offer knowing full well that the odds are it probably won’t go together. So their feeling is, maybe if the price comes down later.
01:16: The third common reason is the price is a little bit out of range. The buyer likes the property but they don’t sense there’s any danger the property is going to sell. So it buys them time. “I kind of like the house but I can look around and see what else is on the market or what else might be coming on the market. Maybe there will be something that I like better and there’s not much of a risk that this house is going to sell because it seems to be overpriced. So, I’ll wait.” That’s a fairly common dynamic, I think, in a soft market.
01:46: So these are common reasons why buyers don’t make an offer on the property that seems to be a bit overpriced.
01:53: In summary, there’s no pressure on the buyer to act because they think the property will be on the market awhile. So, the long and short of it is, overpriced homes incentivize buyers not to act.
This is Doug Buenz of the 680 Homes Video Channel.