What is My House Worth in Stockton?

March 2, 2019

You would think that between a Brokers Price Opinions (BPO’s) , Comparative Market Analysis (CMA’s) and Appraisals you could easily come up with the value of any house in Stockton, Sacramento, Manteca and Modesto.

The truth is that the real estate market is not one size fits all and yet the Real Estate Industry has convinced the public at large and its representatives that we can determine the value of any house via the critical sales data found within the Multiple Listing Service Databases exclusively. 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 (1/4 mile of the subject property) we can determine the value of any house regardless of size, configuration and condition.

I challenge anyone to ask a real Estate Agent to tell you what your house is worth and you will get pretty much the same answer… “let me run a comparable market analysis and we can review it”.

Even Appraisers, (which, in California are tested and certified the Bureau of Certified Appraisers and are used by Banks, Credit Unions and mortgage companies) generally agree that the a comparative market analysis is only a starting point and for lack of other things a pretty good estimate, but they will explain that the comparable sales information collected by the title companies and other database companies that also collect that type of data dont have everything and that cash is the best indicator of value.

In fact, most of the value considerations are flawed because none deal with the true value of the house minus the financing. They are mere snapshots of what happened around the corner based on what a mortgage lender were willing to lend for those houses.

It is an important distinction, because in the real estate market, the availability of financing, changes the value of any house. It does because when buyers can pay over time they are willing to pay more based on a monthly payment.

If you are asking how can that be? How can the availability of financing really change the value of a house?

I’ll explain;

Forget that we have any sales data for a minute, let’s forget about a CMA and let’s forget that we see prices rising in a lot of real estate markets. You need to clear the memory banks of how you arrive at value defined by your real estate training and what were sold through real estate marketing.

For those of you that remember the housing bubble 9 years ago, do you remember using 3 months of sales data that continued to climb insanely monthly until the bubble burst and the free fall of housing prices began? Do you remember that House values plummeted? What was the free fall tied to? Every day was a new day and every sale that occurred even a week prior was no longer a valid comparable sale because values kept plummeting. Why? The banks were no longer lending and for the first time in a long time the real estate market did not know how to issue a CMA because of the lack of financing availability. It is really that simple.

So, if financing disappears for the express purpose of purchasing a home, what are you left with?

Maybe… Cash Home Buyers?

Do You Understand it now?

So, is it now fair to say that the value of a house is worth what someone is willing to PAY CASH for it?

Not convinced?

Well, actually it is… ask yourself, if there were no banks and financing, how many buyers are you going to be showing homes to? You think the home buying population just shrank? Does that remind you of 2008 – 2012?

It’s ironic that we have such a poor understanding of economics in this country. It’s a shame that as a profession, real estate agents and investors, we believe that a home’s value comes from past sales with financing attached. In reality it comes from the real cost to build. Materials and labor plus the cost of the land and services.

The Value of any item is not tied to how similar items performed last month. The value of the home is based on what it cost to build (and sometimes less) and only what someone else is willing to PAY CASH for it.

The conversation is that when you include financing into the equation, the numbers change across the board. Contrary to conventional wisdom, the advent of financing interjected into real estate did not cause houses to become more affordable. The actual value of the house remained unchanged; but the availability of the house to the masses at a monthly price, allowed them to purchase it. The demand increased because the availability to finance it over time generated profits that allowed noteholders to duplicate the process.

So the next time a customer asks you what the value of their house is think for a moment and recognize that there outside factors that aiding the value of that house in the form of financing.

And the next time you review an all cash offer that is made by an investor, don’t rush to judgement. All things are not equal including the risk that the cash buyer makes in buying a property that banks won’t finance, real estate agents can’t sell and that are the blight of neighborhoods?

So if you want to know what your house is worth in Stockton Call me at (209) 481-7780.

My Name is Peter Westbrook and I am a local real estate investor in Stockton, Sacramento, Manteca and Modesto, CA. and I would like to buy your house for cash.

We Buy Houses in Stockton, Sacramento & Modesto

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 Sacramento and Westbrook Real Estate Investments. 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.

Sell My House Fast

Contact the area's #1 And Most Trusted House Buying Experts to Sell Your Home. We buy houses in ANY Condition. There is no obligation or cost. What do you have to lose?

Hear What Others Have To 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.

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