What is My House Worth in Stockton

August 9, 2016

Whats My Stockton House Worth? It really does depend on who you ask.

What is My House Worth in Stockton?

Need to sell my house fast Stockton — We Buy Houses Stockton Call us at (209)481-7780

It is on every homeowners mind when they decide to sell a house… after all if the pricing is too low you’re concerned that you’re giving the house away and if it is priced too high it will sit forever and Never Sell. It’s also the one question that everyone that is a real estate agent thinks that they know the answer to… But Do They?

If they did then why do over 40% of all real estate listings go unsold? Its a real number. If you’re thinking about selling your house and need to do it quickly, the traditional route of selecting a real estate agent may not be for you.

The Stockton real estate market is not one size fits all and yet the Real Estate Industry has convinced the public at large that somehow if we analyze the sales of properties over a certain period of time generally comprising the past 3 months, for a specific geographic region we can determine the value of any house. Is that true?

By and large it is, but make sure you are comparing apples to apples and make sure that your house is in top condition. Just because your house is in the same zip code as a million dollar beauty does NOT mean your house is worth more by virtue of the zip code or address alone.

We Buy Houses Stockton — This House is Worth Top of Market Value. Its the Same House as the Next Picture

My name is Peter Westbrook and I am a home buyer is Stockton, Manteca, Modesto and Sacramento, CA and I can tell you that the true value of any house is what someone that is willing to pay cash for it. That is the real value. So what happens if a house needs a lot of work and no bank will offer financing… what is the value then?

This article is about that and chronicles a conversation that I had with a real estate Agent about the value of a house that I had made an offer on.

My Conversation with a Real Estate Agent: Whats That House Worth in Stockton?

Yesterday I received a phone call from a real estate agent, I’ll call her Sally. She told me that she was talking to her sister’s best friend about an offer that I had made on a house (located at ABC Street) that she owned, and that she wanted to discuss the offer with me.

It all sounded reasonable enough, so I bit, with my usual… “How can I help you?

She continued; that she had run a Comparative Market Analysis (CMA) for the house and that her research showed that the house was worth considerably more than what I was offering and wanted to know why my offer was so low?

I remembered the house and the owner so I asked her; “Have you seen the house in question?”

She replied that she had and that it needed some cosmetic work inside and out”.

We Buy Ugly Houses Stockton — Who Will Buy Your House in Stockton? This is the Before Photo of the House Above. Does anyone think the value is the same?

I was a little surprised by the answer, so I asked her to verify the address because I may have looked at a different house or made a mistake. She verified the address and I calmly explained that the collapsing front porch was not cosmetic and that it was symptomatic of the entire roof collapsing because it had not had any maintenance since the tree had fallen on it 12 years ago”. I also explained that there were dry rot issues around most of the windows and doors, settling issues and cracks in foundation and the plaster had cracked throughout the house. Not to mention the mold in the bathroom and dry rot under the bathtub and toilet.”

I asked; “Can we really compare this distressed house to what you found through your MLS CMA?””Did you request any Title Company sales comparisons for houses not sold through MLS?”

Her response was textbook… she replied,” I searched for properties sold and listed in MLS for the past 90 days within a quarter mile of the house and this was the high, median, and low”. She continued, “I have been in the real estate business for 3 years and I know how to run a CMA and I am really concerned, it sounds like you are trying to steal the house”.

I responded; I understand that you think MLS is complete, but what we are comparing are apples and oranges because had you run or requested comparable data from the title companies as well you would have found the houses that were not sold by real estate agents and were not listed on the MLS. You would have found the cash only purchases as well and they tell a completely different story and indicate a wide range of market values.

She insisted that it didn’t matter and that the MLS data was the most accurate and that the Title Company data was irrelevant.

I responded; “Sally, I understand your concern, but this may be a good exercise for both of us. Maybe we both can learn something and we can help your sister’s friend at the same time.” Do you realize that the MLS data is isolated to properties that are only sold by real estate agents?”

She insisted I was wrong. I then asked if she was aware that the data provided by MLS did not include cash only transactions and/or concessions by the buyer to the seller? Another point she immediately rejected.

So, I asked “if you are convinced that the property is worth considerably more than what I offered; “May I ask why you aren’t selling the house for her? If somewhere between the low, median and high is what you think that she can get, why don’t you list it and sell it?”

Her response was priceless… “Peter, I don’t sell these types of houses and the house would never qualify for financing because of the repairs needed and the owner has already told me that she has no money to fix it up.” “I was just calling you to ask why your offer was so low?” she continued to tell me that she could sell it for what I offered.”

So I said … “Sally, you’ve already admitted that the house cannot be sold conventionally with financing and I bet that you could eventually sell the house and if you did, could you with a straight face to do so and charge your sisters friend a sales Commission?”

Without hesitation she said, “of course I would, I get paid to do this.”

My response was simply… now who is taking advantage of whom?” Your sister’s friend can sell her house to me, without any fees and commissions and I’ll even pay the closing cost. Why should she sell it through you and pay a commission?” How are you going to add value without increasing the sales price?

There was silence on the other end of the phone. Sally understood my point, but the real point is that in an industry so vast, with so many markets and niches, no two houses are the same and sometimes the CMA is just a guess. If it weren’t’, then there would be no reason for some houses to sell in one day and others that sit for a year. The truth of the matter is that over 40% of all houses listed on the Real Estate MLS DO NOT SELL within their first listing period. The condition of the house and the high prices Real Estate Agents place on the house to buy the listing from the seller is why we have so many expired listings. The truth is that not all houses are created equal and the notion that Investors buy properties at discounts is NONSENSE.

Stockton Home Buyers (Investors) pay fair market value for houses minus repairs. It really is that simple and if all buyers were paying cash only the best houses would sell at a premium.

Now the rest of the story: I purchased that house for the amount of my original offer. There were no inspections ordered, no contingencies, no appraisals and no banks. I used the same tools that everyone has available to determine the market value of that house in its current As-Is condition.

When the preliminary title report was released it was discovered that the house had $7,384.00 in code violations/liens and an un-permitted garage conversion. I think that sometimes we forget who takes the risk when purchasing distressed properties, but one thing is for sure I have never stolen a house.

Some Real Estate Problems Are Resolved with the Sale of the House to a Cash Home Buyer in Stockton

At “Westbrook REI” and “We Buy Houses Stockton“, we are the best at what we do because we work at it every day. We understand that a commitment to customer and a commitment to our business only happens with hard work. We have years of experience and a plan that we follow. We are a real company with real people that are committed to helping you achieve your goals.

Again, we’re not real estate agents. We are actually Stockton home buyers and we have our own cash… so we can make you an offer on the spot. Once we make you an offer, you can take that offer, shop it around if you want, talk it over with friends and family, and think about what you want. We won’t pressure you one bit.

If you want the best LOCAL We Buy Houses Company in Stockton, Sacramento, Manteca and Modesto then give our company a call today, we offer simply solutions to complex selling issues. Our house buying process is very easy with no hassle and we can close on YOUR time.

We Buy Houses Stockton CA, Get Your Offer at https://www.ibuyhousesstockton.com or call Peter Westbrook today at (209) 481-7780.

Other Conversations and Case Studies follow this Link http://www.westbrookrei.com/who-will-buy-my-house-in-stockton/

We Buy Houses Stockton, The Man Behind the Sign

I Buy Houses Stockton Introduction (209) 481-7780 We buy Houses Stockton

My name is Peter Westbrook and I am a local real estate investor and the owner of We Buy Houses Stockton and Westbrook Real Estate Investments in Stockton, California. I am NOT a Real Estate Agent or Broker and for good reason. I purchase real estate and I am NOT going to ask you to pay a commission or a fee.…I pay CASH and because I do, I can close on the day that I tell you.

For those of you that already know me or have already called me you can attest that I answer my own phone and I return all phone calls. When you call me at 209-481-7780 you are calling me on the same number that my mother and my closest friends call me at.

Get Your Fair Cash Offer: Start Below!

We WILL BUY YOUR HOUSE in ANY CONDITION! We pay CASH and you will NOT pay any commissions or fees. Fill in your information below and get an all CASH offer for your House Fast!

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What Customers Say

The City of Stockton was getting ready to tear down my old house. I was no longer able to maintain the Stockton House and after years of trying to keep up with code violations, needed repairs and vandalism, I finally called Peter

Westbrook. He came right out and told me what he could do. He contacted the city and county and even cleaned up the property before he bought it. He paid the back taxes for me and gave me an advance on the purchase of the house. Without his help I would have lost everything. I called real estate agents and other investors but no one wanted to help and no one offered to pay as much as Peter Westbrook. He completely remodeled the house and I smile every time I go by. Thank you Peter.

Leonard S

We inherited our parents house with one of our brothers living there . The property taxes had not been paid and it was in Tax default. We called Peter Westbrook and he found that the title was still in our parents name, so the Stockton House never went through probate. Peter also found that there was an old auto loan that had a lien on the

title and an old bankruptcy ruling to take care of that lien had never been filed with the courts. Peter handled everything including paying the back taxes, paying for the hiring a Probate Attorney and filing the probate and paying for and hiring a Bankruptcy Attorney to finalize the removal of the lien. He was patient, understanding and he took care of everything including evicting the tenants that were living in the house. We talked to real estate agents and other I buy house people. None of them had the answers for our situation. Without peter we would have lost everything. We got paid cash.

Steve H

We inherited my parents Stockton house with a mortgage. We decided to rent it out. The tenants destroyed the house. I didn’t know what to do, I didn’t have the money to fix it and the city had already issued code violations.. I called an “I Buy Houses Stockton Sign” on a telephone pole and Peter Westbrook answered. In 4 days he paid the bank and bought my house. We would have lost everything if it weren’t for Peter Westbrook.

Mike B

I inherited my mothers house with a mortgage. When my husband and I lost our jobs, we got behind in payments. Then the Bank posted a default with a auction date we didn’t know what to do.

We didn’t have the $15,000.00 and we only had two weeks to do something. We called Peter Westbrook and form the beginning he was confident he could stop the bank. Within 4 days he bought the house with cash, paid off the bank and stopped the Foreclosure. Without Peter we would have lost everything.

Brenda T

I saw a sign on a telephone pole and against my better judgement I called. The last thing I expected was a person answering the phone. I was surprised, Peter Westbrook answered the phone. I had a lot of questions and Peter had the right answers. My mother needed to get as much as possible out of the house and we had talked to several real estate agents and they all wanted to sell it cheap and wanted a 6% commission. They all told us unless we put thousands of dollars into it could not be sold for what we wanted. Not Peter. He made a fair cash offer and since then we have sold him another house. Peter and the title company handled everything. I couldn’t be happier and I would recommend Peter Westbrook to anyone.

Cathy W

I needed to sell my Stockton House. I called a phone number I saw on a sign and talked to Peter Westbrook. The City of Stockton said that they were going to take away my vacant Stockton house, knock it down and send me the

bill to do it. I did everything that I could to try to make them happy. A neighbor offered to buy the house and then Peter offered me twice as much. He did everything he said he would do and I just had to go to the Title Company and sign the papers. He did all of the work and now the City of Stockton is his problem. Thank you Peter.

Ann C

I inherited my Fathers Stockton house. The front porch was falling in, the walls had holes from being vacant and vandalized. The City of Stockton fined us, red tagged the property and forced us to put on a new roof so we had to get loans and we still couldn’t rent it out.

I called one of those “I Buy Houses” signs and Peter Westbrook came out and made a cash offer. The House closed escrow and we got our money for a house we though was worthless. Thanks Peter!”

Broderick R.

“Our Grandfather passed away and my brother, sister and I inherited his Stockton house. He was a junkman and hoarder. He was also 90 years old and had not made a repair to the house in years. He had garage sales almost every day. The house and the yard were full of junk. We tried to get everything out so we could just see the house. We had family and friends come over on the weekends but the cost and effort was consuming all of our time.The house was a mess.

I called Peter Westbrook and he made us a cash offer for the house and he said he would take care of all of the clean up. Thank God I called. The City had issued code violations and fines on the property and even before we closed escrow Peter and his crew had the house and yard cleaned (4 large Dumpsters later) . I recommend Peter Westbrook to anyone that has a problem house. They were fast and professional”

Connie J.

“I had tried to sell my Mothers Stockton house for two years. Realtor’s told me to tear it down. I didn’t have the money for that and my Brother and his family were living there. Peter Westbrook made me a cash offer and closed escrow with my brother still in the house. Peter Westbrook is my savior. I don’t have to worry about the house any more. If you have a Stockton house that has become a burden and you don’t have the money to fix it to sell it, call Peter Westbrook.”

Rosemary R.

Whats My Stockton House Worth? It really does depend on who you ask.