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About Stockton's Weston Ranch

Everybody Loves Wal-Mart! Bring it on...

Rosemary Brooks-The Mother & Daughter Realty Team: Real Estate Agent in Stockton, CA

While the City of Stockton banned Wal-mart Superstores -- the regular size Walmart will be a part of the proposed planning of the Weston Ranch Towne Center at the corner of I5, French Camp and Manthley! Althought it is not the news most wanted, it is still great news for the City of Stockton and most important for the Weston Ranch community.

This will mean more jobs and a better selection of shopping. This is also a great way to help re-build the Weston Ranch community. Everybody loves Wal-mart! For more information check out the site: WAL-MART

Weston Ranch Towne Center Wal-Mart Fact Sheet »

Wal-Mart Mailer to Weston Ranch Residents »

For more information on Wal-Mart, please visit www.walmartfacts.com or
call Walmart's community relations hotline at (209) 567-3013.

a little about Weston Ranch - subdivision of Stockton, CA - in the rebuild stage

Rosemary Brooks-The Mother & Daughter Realty Team: Real Estate Agent in Stockton, CA

Weston Ranch is a subdivision located in the southwestern corner of Stockton, California and extends south through an unincorporated portion of San Joaquin County. This community is close to 20 years old and now has one of the highest foreclosure rates in the U.S for a community. Weston Ranch is a migration of individuals from the Bay Area. Many of these individuals continue to commute back to the Bay Area for work. Along with the City of Stockton being labled as the Ground Zero of foreclosures.

This rating is holding study now with over 584 homes in the Weston Ranch community that are in some form of distress:

  • Pre-foreclosure
  • Auction
  • Bank owned (foreclosure)

According to one of the largest MLS listings for the Weston Ranch area - there are:

  • 40 - Active - bank owned listings (DOM: 2-153 days)
  • 31 - Short Sale listings (DOM: 4-378 days)
  • 45 - Short Sale Contingent (offers sent to lender requesting Short Sale approval) (DOM: 3-644 days)
  • * more listings are from out of the area agents - this is bulk of the listings (above)

For the City of Stockton here are the numbers:

  • 599 - Active -bank owned listings
  • 250 - Short Sale listings
  • 442 - Short Sale Contingent

There is no noted data to tell how many Weston Ranch homeowners have applied for and been accepted for the HAMP (loan modification) program as of yet. I do know that when you pull the community tax records, there are pages and pages of either pre-foreclosure or bank owned properties. It is close to between 8-10,000 homes in Weston Ranch community – estimated population is between 40,000 – 50,000 residents. Some of the residential construction in the community of Weston Ranch are still in its last phases - incompleted.

The schools in Weston Ranch are part of the Manteca Unified School District and consists of :

  • three elementary schools; August Knodt, George Y. Komure, and Great Valley,
  • one high school: Weston Ranch High School.

The income range in Weston Ranch when it was first created ranged between low and moderate-income families. However, due to the loss of jobs/income and the number of foreclosures a large number of the residents have been hit hard with Hardships of loss of income, family issues, etc and become a foreclosure statistic.

Weston Ranch is still a good place to consider relocation for the first time buyers, relocations and for the investors. This community is in rebuild stage with all the families that have moved out due to the foreclosure force. There are some good deals in this community.

Tower Power in your backyard.. Getting a good deal now... will lead to giving up $$ later! Is it worth it?

Rosemary Brooks-The Mother & Daughter Realty Team: Real Estate Agent in Stockton, CA

While out looking for homes for my buyers, I have found the lower priced homes bank owned (REOs) and short sales to be either right under (well almost) or across the street or field from the TOWERS.  The towers I am talking about are the (way tall electrical towers)... giving off that "frying" sound - day and night. I hear that the sound is even louder if snow sticks to the wires!

Weston Ranch (located in Stockton, CA) has some beautiful homes, some great deals but it has two intimidating - eyesores and "don't wanta live by" things going against it:  The levy and the Towers.

Some buyers are willing to overlook these towers and simply do not want to talk about them and just keep searching for the "deal".  What do you do as an agent? Do you smile inside and say "a smell a deal" or do you make sure you disclose that these towers are there, they are not going anywhere and aside from being an eyesore - they just may cause some concerns when its time for the resale?

Here are some of the concerns:

Health issues: Although there is a divide in the opinion on whether these towers are harmful to humans - there is no definite answer.  What is the answer? According to the Real Estate Industry these towers are harmless to children and other living things, but according to scientists they just may be harmful to growing children.  Another question is (and as research goes) what happens if research find out in the future that these towers are causing harm to humans and living things - what do you do at that point and how do you feel as the agent that sold that property to a family with children? Is it worth it to put your health at risk or even possible risk?

Intimidating view: These towers are tall and intimidating to most. If not now while you are looking, think about during a thunder/lightning storm!!

Undesirability: Will not rank among the desired places to live.  If you can live in it now, what will you have to give up when you get ready to sell this property?

Price impacts: Give up smart buying for deal? Is a good deal more important than location, location... and resale value.  These towers will more than likely reduce the property by 5-15% (Depending on where you live).

When I am out looking for properties for my buyers, I first ask myself is this a safe -real deal, is it something that is livable, should I even subject my clients to this property and then I ask myself (again)is it safe deal.  All that electricity flowing through those loud wires, all that radiation (however small), the possibility that a severe storm may knock them down or fire or the possibilty that research may one day announce that these towers are not safe that they cause cancer or lukemia or some other risk illness or whatever else that can put someone at risk..... I shy away from them.  

There is a bigger question: How do subdivisions get approval to build homes backed up to the towers? Where is the concern for our health, our children and our futures?  Why put the temptation out there for some to jump at the deal?

Safety First.

                    WEBSITE: http://www.motheranddaughterrealty.com

  • Need a Short Sale Specialist?  CLICK
  • Want to purchase a REO property? Want to know what properties I have to sell? CLICK
  • Need information on the foreclosure process? Ask me for a FREE Pre-Foreclosure Guide CLICK 
  • For a FREE MARKET EVALUATION of your home   CLICK

Check out: Real Estate Terms/Definitions.  And take a look at Mother and Daughter Blog and D'Adrea's Mother and Daughter Blog  - for other tips for Sellers and Buyers. I work with my daughter as the Mother and Daughter Real Estate Team at Family Realty Group and we also focus in Short Sales and the Pre-Foreclosure process and REOs/Bank Owned Properties.  Our consultations are free.  Our aggressive marketing plan includes on-line listing advertising.  If you are thinking of selling or buying a home in Northern California's Central Valley (San Joaquin County CA - includes Stockton, Manteca, Tracy, Lathrop) plus Stanislaus County CA - includes Modesto, Salida, Riverbank) & the East Bay (Alameda County CA - includes Hayward, Fremont, Newark, Union City & Oakland) and surrounding areas give us a call.  If you would like a FREE Home Seller or Home Buyer Handbook, please call us at 866-750-8282 or email at US.

Mother & Daughter Blog

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Moving out (OR)... hey! where are the appliances (OR) ..when is the garage sale?

Rosemary Brooks-The Mother & Daughter Realty Team: Real Estate Agent in Stockton, CA

Hey! Where did the appliances go?

Have you been out touring a REO property and noticed that the one or more of the appliances are MISSING? At first, I thought it was nothing.... but as I go to these houses I see more and more that the appliances are all missing.

I have a listing right now that when I "inherited" the listing and did my first view of it... I thought this was way too much! The stove top, the oven, the dishwasher and the microwave were all GONE!  Then as I opened the garage door, the hot water heater and the furnace were both gone.  Luckily the unit on top of the house was in tack.

I just though that the owner took as much as they could out of anger for being foreclosed on ....and then I started to wonder just how hard it would be to sell this property - would it pass the FHA inspecion for financing.  A neighbor recently told me that the previous owner had several garage sales and was selling anything they could remove from the house.

Now that I am having more buyers calling me.... I am doing more tours of available bank owned listings and it seem 8 out of 10 are missing at least 1 appliance - at least in Stockton that is the case.

When you think about it. These people are being kicked out of their homes and some were either in the process of upgrading their homes and spending money on the appliances that they are now taking with them.  Isn't it kind of like taking the curtains or blinds?  And really why should they worry about the bank having to purchase replacement appliances.... or the new buyer having to buy "as is" and get their own appliances? I mean after all.... the homeowner is the true loser here.

 

Are you finding this to be true in your area or is it isolated to the Stockton area?

 

WEBSITE: http://www.motheranddaughterrealty.com

  • Need a Short Sale Specialist?  CLICK
  • Want to purchase a REO property? Want to know what properties I have to sell? CLICK
  • Need information on the foreclosure process? Ask me for a FREE Pre-Foreclosure Guide CLICK 
  • For a FREE MARKET EVALUATION of your home   CLICK

Check out: Real Estate Terms/Definitions.  And take a look at Mother and Daughter Blog and D'Adrea's Mother and Daughter Blog  - for other tips for Sellers and Buyers. I work with my daughter as the Mother and Daughter Real Estate Team at Family Realty Group and we also focus in Short Sales and the Pre-Foreclosure process and REOs/Bank Owned Properties.  Our consultations are free.  Our aggressive marketing plan includes on-line listing advertising.  If you are thinking of selling or buying a home in Northern California's Central Valley (San Joaquin County CA - includes Stockton, Manteca, Tracy, Lathrop) plus Stanislaus County CA - includes Modesto, Salida, Riverbank) & the East Bay (Alameda County CA - includes Hayward, Fremont, Newark, Union City & Oakland) and surrounding areas give us a call.  If you would like a FREE Home Seller or Home Buyer Handbook, please call us at 866-750-8282 or email at US.

 

Mother & Daughter Blog

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