Tax Implications in Short Sales
When a lender agrees to accept less for a property than is actually owed on a property this is called a short sale. When the lender agrees to accept the short sale they have a few options. They can choose to accept the loss, as a tax write off for themselves.Read all of Tax Implications in Short Sales
Mortgage Principal Reductions- Truth or Myth?
New Obama Treasury Department program PAYS homeowners to avoid foreclosure..and do a short sale. In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.Read all of Mortgage Principal Reductions- Truth or Myth?
Recourse vs Non Recourse Loans
A non recourse loan is a loan with no personal or business responsibility.If the loan is not paid off, the lender can not go after the borrower. At most, the lender can keep the collateral pledged as a warranty for the loan.Read all of Recourse vs Non Recourse Loans
Short Sales in San Ramon|Foreclosures in San Ramon|Investment Homes in San Ramon| Short sell my home
Investment Properties in San Ramon, Foreclosures and Short Sales in San RamonForeclosures - List of San Ramon Foreclosures & Area Foreclosures
Foreclosures in San Ramon CA, Pleasanton,Danville,Dublin can make great homes and great investment properties. Free foreclosure lists!Read all of Foreclosures - List of San Ramon Foreclosures & Area Foreclosures
Windemere has plenty of good deals
Read all of Windemere has plenty of good deals
Overpriced Listings.. don't they get it?
New overpriced listings in Windemere and it just blows my mind that some sellers are getting taken for a ride.When sellers contact me for getting a value of their homes, I tell them the truth.Some like it and some don't because people want to hear what they think is right.Read all of Overpriced Listings.. don't they get it?
Statistical Analysis of Housing Trends in Windemere, San Ramon
Read all of Statistical Analysis of Housing Trends in Windemere, San Ramon
Some builders are delusional !!
I finally paid my visit to the model homes at Saville by Brookfield homes to pick up a price sheet. Lo behold !! The price sheet just amazes me how Brookfield homes is out of synch with the market. Someone at corporate needs a reality check.I seriously get reminded of shopping in India where they have the biggest fake sales ever !! Vendors bump up prices 100% and then say" Big blow out sale- 50% off !!" And eventually you land up paying 50% more than you would have without a sale. And so is the case with this community and even Campton.A Plan 1 at Saville costs between $819,000 to $824,000.Plan 2 is between $842,800 to $857,000; Plan 3 between $871,000 to $876,900; Plan 4 at $891,000.There is one plan 4 which has a "deep discount" - even if they hypothetically sell it for $750,000 they are still pricey.
Their neighbor Centex sold dirt lots which will be ready for completion later this year starting at $838,000 and those homes were 3400 sq ft plus as compared to Saville at 2200 sq ft for the largest plan.So in one commuity you pay $247.00 per sq ft as opposed to $340/sq ft at Saville !!! That is almost a difference of $100/sq ft and a 2200 sq ft home is not going to appreciate to a Million dollars whereas a 3400 sq home will definitely appreciate to or even over a million dollars.
In my opinion if this builder gets real about prices and bring them down to 600-700K price range, they will be in the correct price range. Ideally, they should adopt the same marketing strategies of selling dirt lots at a much cheaper price, make it affordable for consumers and also finish out their inventory. People get carried away thinking that the 750K price range is affordable but not taking into consideration the other points that I just mentioned.We have to remember that we are not living in areas like Palo Alto or Redwood city or San Francisco or San mateo or Marin where you would be lucky to find a 1200 sq ft home under a million dollar mark.We are in the burbs and we will never have the same levels of appreciation.If the other builders in San Ramon also start reducing prices on dirt lots
In the same note I discovered some affordable townhouse style condos in Dublin. Great location, close to Camino Tassajara with beautiful views of the rolling hills.The community is called The Villas and they have homes ranging from 1017 sq ft to 1807 sq ft and range in prices from $439,000 to $550,950. The prices are VERY negotiable as I just sold a property there, the builder will give upgrade option credits and give a lender incentive to the tune of $16,000 or even more. My buyers are very happy with the amazing service they are getting. Since they are first time home buyers I am always there to answer their questions and concerns and I can see the excitement on their faces.
