Ar_home_b_search
 



bay area real estate: Bay Area Homes Increase 20%??? - 04/04/10 12:30 AM
The headline reads Prices Up 20%.
What do these numbers mean? I am sorry to tell you, your home did not increase 20%. Buyers don't get scared off and sellers don't put your home on the market for 20% more than you paid last year.
These numbers are totally misleading. Prices are increasing in some areas and in some price points but not by 20%. Possibly 3-5%.
You can make numbers do whatever you want. First you need to know if the numbers are for Single Family homes or Condominiums or both. Then are they comparing it to the same month … (0 comments)

bay area real estate: Good News! Good Bay Area Real Estate News! - 03/27/10 08:25 PM
A lot of positive bills, thoughts and activities have been happening on the Bay Area Real Estate Front. I have been trying to write this for a while. Each time I sit down to write there is more I have to add to it. That is a good problem. So exciting!  Enjoy the Good News.
Home Buyer's Delight You can still get the federal Home buyer credit of $8000 for the first time buyer or $6500 for the move up buyer. You must be in contract by the end of April and close by the end of June. For additional information: … (0 comments)

bay area real estate: It's Working and Working Well!!! - 12/27/09 01:10 PM
You might ask, what is working and working well. I am speaking about the $8000 Home Buying Credit. A recent home buyer brought up the $8000 credit and told me that was the motivating factor for him and his wife purchasing a home. The termination date creates urgency and action. Low prices are motivating but not the cause of action. Many think they can time the market. Good Luck to them. People in the business think the lowest interest rates in 40 years should be creating urgency. It certainly makes people think but low rates is all many of these young … (2 comments)

bay area real estate: Buyer's Market??? - 07/20/09 12:45 AM
Buyer's Market?  You bet it is.  I will be speaking about the low end of each market area. On the Peninsula and San Francisco we talk about Single Family homes priced under $700,000.  In the East Bay it is below $400,000.  Buyer's Market yes but not in the traditional way.  Today's buyer cannot expect to purchase a home for 20% off the list price, but they can expect to purchase a home 30-60% off of 2004 prices.  Today's buyer cannot expect the seller to take care of all necessary repairs, but the buyer can expect to receive an $8000 Federal Tax … (0 comments)

bay area real estate: Every Negative Has a Positive!!! - 03/26/09 09:15 PM
Every Negative Has a PositivePositives of This Economy
•1.     Bay Area Housing Affordability has gone from 16% to 38%
•2.     Debt of Americans is Decreasing.
•3.     A Large Increase in People Volunteering.
•4.     A Large increase in Military Enrollment.
•5.     First Time Home Buyers can get an $8000 Tax Credit.
•6.     Buyers of California New Homes can get a $10,000 State Tax Credit.
•7.     People are able to modify or refinance their loans to an affordable payment.
•8.     Businesses have the opportunity to clean up their books and start fresh.
•9.     Great Opportunity to Purchase a new car or any other … (0 comments)

bay area real estate: Top 10 Reasons to Purchase Bay Area Real Estate - 03/02/09 12:39 AM
Top 10 Reasons to Purchase Bay Area Real Estate in Today's Market
•1.      Interest Rates are near 40 year lows.  You can lock in your housing costs for the next 30 years if you buy not if you rent. 
•2.      Property Values are at 5 year lows. Some areas have declined in value as much as 60%. Bay Area Real Estate has a long history of recovering and appreciating.
•3.      There is a large inventory of homes to choose from with Motivated Sellers.  Individual owners and banks selling today must sell. 
•4.      Getting a loan today is not difficult.  … (0 comments)

bay area real estate: Help Children Buy A Home? Loan, Gift or Partner? - 01/08/09 11:19 PM
As parents we all love our children and only want to help them.  In the Bay Area parents almost have to help with a down payment.  Do you give your children a gift or a loan?  Is it better to be a co-borrower with them?  Maybe be partners.  If you help one child, you have to help the others.  California is a community property state and that creates other issues.  It is difficult to bring it up but more than half the marriages wind up in divorce and gifting child money to purchase a home is possibly giving your child's ex-spouse … (0 comments)

bay area real estate: Bay Area Real Estate - "The Perfect Storm" - 12/10/08 07:22 PM
Perfect Storm = Low Interest Rates, Low Prices, and Lower Inventory. We have all the ingredients. 
If you have been waiting for prices to stabilize you are on the cusp of being late. 
Homes in Daly City, San Bruno, San Mateo, San Francisco and South San Francisco are selling.  To keep up with the demand Bank of America is falling behind on appraisals and is hiring outside appraisers.  I spoke to a termite inspector yesterday.  He had 5 inspections scheduled for the day.  Need I say we did not speak long.  There is a buzz in my office.  Conference rooms are … (0 comments)

bay area real estate: HOA Dues: Junk Fees or Good Budgeting - 10/16/08 11:23 PM
Many people are under the belief that paying the HOA Dues is like throwing money out the window.  I am not sure so let's review the costs of Home Ownership that is covered under the HOA Dues.
The following costs are approximate present day costs for a 1200 square foot home and a 2 Bedroom Bay Area Condo.  
        Painting the exterior of a home will cost $9000 and has an expected life of 10 years.  That comes to $900 a year or $75.00 a month
        Roof and gutters will cost $12,500 and has an expected life of 25 years.  That … (0 comments)

bay area real estate: School Parcel Tax Measures - 10/11/08 12:14 AM
Election Day 2008 is just around the corner.  Nationally this is a very important election.  Locally it is also.  Many Bay Area school districts have measures or the ballot for a Parcel Tax.  A Parcel Tax is a flat fee for each real estate parcel in the district.  Seniors could opt out not to pay.  These Parcel taxes generally run $75.00 -$175.00 a year and are usually for a period of time of 5-10 years.  Heck it is less than a tank of gas, less than a nice dinner for two, less than my wife spends at the beauty parlor, etc.  … (0 comments)

 

Lee Ginsburg

San Bruno, CA

More about me…

Prudential Ca. Realty

Address: 180 El Camino Real, San Bruno, Ca, 94066

Office Phone: (650) 358-3959

Email Me



Links

Archives

RSS 2.0 Feed for this blog