San Ramon – Danville This Week’s New Listings

This weeks broker tour had over 30 new listings to showcase. In order for me to stay on top of the market, I faithfully preview as many listings each week as possible between a time frame of 10:30 to 1:30. I was able to preview 11 homes in Danville and San Ramon. Here are some of the highlights:

For those wishing to be within walking distance to downtown Danville there are 3 new listings all very nice, ranging in price $1,025,000 to $1,299,950 – all one story. Two of the homes have had some fabulous redo work, one which was completely taken down to the studs.

The home on Verona Avenue is deceiving on the outside. While the exterior displays the original brick, once you walk into the home it is completely transformed, 3100 square feet, 4 bedrooms with an in-law or nanny unit. Hardwood floors throughout backing to Iron Horse Trail.

All three properties are worth seeing located on Verona Avenue, Glen Rd and Emerald Drive.

For the first time home buyer a great buy located at Serene Place (just the name sounds relaxing), Danville. Read the rest of this entry

Modular Homes – A Housing Option?

Modular HomeWith soaring real estate prices, many Americans are looking to alternative home options. Modular homes are one of the popular affordable housing options.

Modular homes represent almost 8% of all new U.S. home sales, with nearly 43,000 of them built in 2004 alone. In the Northeast today, 10% of the houses constructed are modular. It is primarily the states of North Carolina, Michigan and New York that make up the most popular locations for modular construction.

Modular homes are manufactured in several sections at a factory. The factory environment allows protection against harsh weather and vandalism during construction. The quickness of the process also significantly decreases building costs. Even though these homes are factory built, it is possible to have these homes customized. Read the rest of this entry

Pet Odors Are A Definite Turn-off For Many Buyers

This article will help you hopefully eliminate the pet odors that are evident to potential buyers and maybe not to you. People who own pets and keep them indoors don’t even notice that their house has a distinctive odor that may be sensitive to many would be buyers. As soon as I walk into a house I can immediately tell there is a pet living here.

While the house may be well staged, updated and otherwise look great – that must go. If you are unsure if your home has an odor, ask your Realtor to give you an honest answer or ask someone who doesn’t have pets to sniff out the air.

Here are some tips to help you get rid of the odors and give you house the best first impression possible. By: G. M. Filisko

California Markets Get A Lift from Million Dollar Home Sales

2010 Saw An Increase in Million Dollar Home Sales

While overall home sales in California declined in 2010, one bright spot emerged: Sales in homes costing more than $1 million increased last year for the first time since 2005, reports DataQuick Information Systems.

The company reported that 22,529 homes sold for $1 million or more in 2010 in California, up 21 percent from 2009. In fact, sales of $1 million or more homes are at their highest levels since 2008, when 24,436 homes sold for $1 million-plus. Million-dollar home sales peaked in 2005 at 54,773, but have steadily declined every year through 2009.

“Prestige home buyers respond to a different set of motivations than the rest of us,” says DataQuick President John Walsh. Read the rest of this entry

Is Anyone Paying All Cash to Buy Homes in This Economy?

Cash buyers for real estate is on the rise, and it is because many of these buyers believe now is the time to buy and get a deal before the market starts to rise again.

Nationally, 28% of sales were all-cash transactions last year, according to the National Association of Realtors. The rate was 14% in October 2008, when the trade group began tracking the measure.

The jump in real-estate purchases made with cash is another sign of the revival of animal spirits in the U.S. economy.The percentage of buyers in Phoenix paying cash hit 42% in 2010, and 50% of transactions closed in Miami were for all cash.

One investor is purchasing three properties for all cash, and these are not the lower end priced properties. All three were over one million dollars. Apparently he believes the market has bottomed.

In many instances people making cash offers to buy a home, will get a better discount due to the fact loan qualifications is not an issue. As a Realtor, I also like working with buyers who make cash offers, as these properties will close faster, again because there are no lenders involved.

While the media constantly bombards us with how depressed the housing market and economy is, there is encouragement that there are many people who are doing quite well and have money to invest in real estate.

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