3743 Ferncroft Way Now Pending by The Mia and Beverly Team

3743 Ferncroft Way- Offered at $919,000

 3743 Ferncroft Way Now Pending by The Mia and Beverly Team

6 Bedroom/ 4.5 Bathroom/ 3,838 Sq.ft

Amazing home with close to $400k in upgrades! Gorgeous hardwood floors, designer two-tone paint, wood finishes through-out, 1 bed and bath downstairs. Highly upgraded kitchen.Great master bedroom with upgraded bath. Separate casita used as office Incredible resort-like backyard! Too good to be true!!

Please visit DublinRanch.com for more information on this and other properties in Dublin Ranch.

5116 S. Forestdale Cir. Now Pending

5116 S. Forestdale Cir. Offered at $749,000

 5116 S. Forestdale Cir. Now Pending

5 Bedrooms/3Baths/2,522 Sqft.

Beautiful Dublin Ranch Home with City Views! Great upgrades include, granite countertops, crown molding throughout and upgraded flooring. Formal living and dining rooms and full bedroom and bath downstairs.Wonderful professionally landscaped yard with views and lovely patio.

To get more information on this listing and our other listings please visit DublinRanch.com.

5124 Georgetown Cir. Pending by The Mia & Beverly Team

5124 Georgetown Cir Offered at $630,000

 5124 Georgetown Cir. Pending by The Mia & Beverly Team

4 Bedrooms/ 2.5 Baths/2,281 Sqft.

Spacious Dublin Ranch home on quiet street. Great open floorplan with a bright open kitchen that has an island and breakfast bar. This house has the optional flex room off the kitchen and can be used as hobby/play room or office. Private yard with fruit trees!

Please visit DublinRanch.com for more information on this listing and our other listings.

Sale Pending- By The Mia and Beverly Team

5751 Shadow Hill Dr. Offered at $609,000

 Sale Pending  By The Mia and Beverly Team

3 Bedrooms/ 2.5 Baths/ 1,916 sqft.

Dublin Ranch Beauty, Backs to open space! Spacious and bright home with a great open floor plan. Wonderful eat-in kitchen with ample cabinetry, opens to large family room with a media-niche. Large master bedroom and master bath with dual sink vanity, large oval tub and large walk in closet.

Please visit DublinRanch.com for more information on this property and others offered by The Mia and Beverly Team.

Sale Pending by The Mia and Beverly Team

3395 Monaghan Offered at $440,000

  •  Sale Pending by The Mia and Beverly Team
3 Bedrooms/  3 Baths / 2,025 sq.ft.
Beautifully upgraded & spacious w/ rich wood flooring & plantation shutters. Gourmet kitchen w cherry cabinets, center island, breakfast bar, s/s appliances inc. gas cooktop stove, walk-in pantry. Inside laundry w built-in cabinets and sink. Close to shopping, schools, parks, & BART.
For more information on this property visit DublinRanch.com

Market Update for Dublin- Condo’s and Town-homes

extra extra resized 600 150x150 Market Update for Dublin  Condos and Town homes

Market Update November 2010

Town homes and Condominiums built after 2003

 

9 homes sold and closed escrow in November, 78% were distressed properties- 4 short sales and 3 bank owned. There are 39 active listings, 74% are distressed properties- 23 are short sales and 6 bank owned. Currently, 65 homes are pending sales, 89% are distressed properties- 52 short sales and 6 bank owned. 

 

 

 

 

Market Update November 2010

market update solds1 150x150 Market Update November 2010

Single Family Homes in Dublin built since 1998

 

17 homes sold in an average of 26 days on the market. 29% were distressed properties-2 short sales and 3 bank owned.  Currently there are 30 active listings 43% are distressed properties- 11 short sales and 2 bank owned. There are 59 pending sales 61% are distressed properties- 29 short sales and 7 bank owned. Keep in mind that short sales take months to close so the percentage of distressed homes will be higher.  

  Go to DublinRanch.com for details on the most recent sales in Dublin Ranch!

How-to’s: How Much Home Should You Buy?

imagesCAO20WYP 150x150 How to’s: How Much Home Should You Buy?

Conventional wisdom suggests that buying a home is a long-term investment and that you should buy as much home as you can possibly afford. It’s possible to build equity over time, but that depends largely on what you pay for a home, how robust your market is, and how long you occupy the home. 

To choose the right home, you have to try to see as far into the future as possible:

How long will you likely live in the home?
How large is your family likely to grow?
What activities will you have and what space requirements?
Where do you want to live – near work, near family, in a certain school district?

You should have a fairly good idea of the number of bedrooms, baths and living areas you want as well as other features you want your home to have.

Now it’s time to look at affordability. How much can you buy, and how much home can you get for your money? 

The trick with buying a home is getting as much as you can on your wish list without becoming “house poor.” House poor means you can afford your house payments but you can’t afford to do anything else.

That’s why lenders have a conforming loan standard that they use as a benchmark for prequalifying you as a borrower. This is true whether you’re a first-time home buyer or a millionaire move-up buyer. 

To qualify you, lenders use two ratios – income to mortgage debt, and income to total debt.

To qualify for a 30-year fixed rate conforming loan that is federally insured, your income to mortgage debt can be no higher than 29% of your gross annual income, and your debts plus mortgage payment can be no higher than 41% of your gross monthly income, according to FHA.com.

That means that if you make $3000 gross income per month, under a conforming loan standard, your house payment (principal, interest, insurance and taxes) should be no larger than $870.00.

If you’re carrying credit card debt, student loans, or pay child support, the monthly debt service must be accounted for.  To get the income to total debt ratio, multiply your monthly income by 41%. If you make $3000, your total debt including your house payment can be no larger than $1,230.00. That means to qualify for a $870.00 house payment, your debt service can be no higher than $360 per month.

This formula is time-tested, and it’s designed to help you minimize the risk of home buying by making sure you can afford your payments over time.

Qualifying to buy a home is only the first step. You will want to be able to handle whatever comes you way – repairs, rising utilities, remodeling or other updates, and ongoing maintenance. 

Under some circumstances, you can borrow more money with an adjustable rate loan, or other loan products, but keep in mind that any loan outside conforming standards are likely to be higher risk and carry higher costs to defray risks for the lender.

Sometimes, a conforming loan can actually be too expensive for your needs. If you’re relocating, and believe you’ll only be living in your home three to four years, a fixed-rate loan may cost more than you need. You may be better off with a hybrid loan that gives you a lower fixed rate for the first five years, and then adjusts after that.

Talk to your lender and see what you can qualify for before you go shopping for a home. Lock in your rate, so you can calculate your payments and obligations accurately.

If mortgage interest rates go up, that could impact the amount your lender will loan you. You may qualify for a smaller amount, which means buying a smaller home or a home in a less expensive neighborhood.

It’s really about affordability. The more comfortable your payments are, the more likely you are to enjoy your new home.

For-Sale-by-Owner’s Hit Record Low

imagesCA4Q2IPZ 150x150 For Sale by Owner’s Hit Record Low

   Homes sold without the help of a real estate agent are at a record low, according to the National Association of Realtors (NAR) 2010 Profile of Home Buyers and Seller s. FSBOs made up 11 percent of the market, down from 13 percent in 2009. Take into account that these sellers often sell to someone they know, and the number of true FSBOs has fallen to a record low 5 percent.

How to Negotiate With Buyers- Keep Negotiations Pleasant

shake hands concepts 21 150x150 How to Negotiate With Buyers  Keep Negotiations PleasantSome buyers may assume they have the advantage because of the number of houses available, and they may behave overconfidently. Stay cool, because you’ll be able to get a great deal when you buy your next home, too. The shoe will be on the other foot because you’ll likely recoup any losses you may have incurred on the sale of your home, by being able to buy at reduced prices, too.

Be patient.  While stressful, expect negotiations to go back and forth until the contract is amended to both the buyer’s and your satisfaction.  Trying to “just get it over with” can cost you money.  Don’t make a final decision until you have all the information you need, such as the buyer’s pre-approval letter and most recent comparable sales and active competition.

As long as you keep the relationship pleasant, respond to the buyer’s questions with receipts, documentation, and information in a timely manner, it will be easier to negotiate the sale of your home.

Buyers want to feel that they got a good deal, and the best way to make them feel good about their purchase is to show them that you have taken good care of the home, and that you are turning over a fine asset to their care.