Location Archives: concord

Escalation Clauses and this market.

Escalation clauses are making a come back in this market. What is an escalation clause? Well, it is an addendum to attach to your purchase offer…. Lets say you are offering $250000…..you find out there is multiple offers, you want your offer to automatically escalate up if a higher price comes in….But how do you […]

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Permits for Home Improvements

Homeowners find themselves doing home improvements in  need of  a new roof, or a new water heater, electrical etc with  bids from contractors includes cost of permit etc….. Homeowner assumes all work is being done to code and permit protects them……..NOT so fast………this is what has been happening throughout the Bay Area with certain contractors….. Permit […]

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Buyers-Consider FHA 203K loans

Why should buyers consider FHA 203K loans? Because of this market.  The competition is fierce with low inventory. Many homes left are in need of a repair…..This is where a 203K loan can leverage a buyer to get into a location or school system previously unaffordable. 203K FHA loans are rehab loans. There are two separate […]

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CONCORD STARTER MARKET STATS FOR DECEMBER 2012

December statistics are in for the local starter market (Concord homes in zip codes 94519 and 94520).  Based on condition and location, these two zip codes contain the best starter market properties in Contra Costa County.  The most accurate way to judge market direction is to compare what happened last month to the same month […]

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Greg’s 2013 Bay Area Real Estate Forecast

UDPATE: Just one month into 2013 and I’ve got a revision.  2012 didn’t play out like I had expected. The inventory of homes for sale shrunk FAR more than I (or anyone else) expected. In 2012, we saw more Demand versus less Supply, and home prices rose. I expect slightly lower Demand and slightly more […]

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CONCORD STARTER MARKET STATS FOR NOVEMBER

November statistics are in for the local starter market (Concord homes in zip codes 94519 and 94520).  Based on condition and location, these two zip codes contain the best starter market properties in ContraCostaCounty.  The most accurate way to judge market direction is to compare what happened last month to the same month in the […]

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Wells Fargo Peddling Down Payment Assistance Crack

Wells Fargo is now peddling down payment assistance crack to potential FHA home buyers in Oakland, Fremont, Hayward, Concord, Antioch, Bay Point, Brentwood, Pittsburg and Richmond – areas that have been hardest-hit by foreclosures. Similar to the glory days of down payment assistance programs, borrowers could buy homes with zero money out-of-pocket. Back in 2008, the FHA […]

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