Location Archives: moraga

Three Moraga Condos That Investors Can Actually Buy

Today, amazingly, there are three great condos for sale that have no rental restrictions. If you’ve been looking to invest in Moraga, I would strongly recommend looking at them. 2059 Ascot Drive Unit 108 – $249,000           1 Bedroom, 1 Bathroom, 713 sq. ft. Enjoy the peaceful hillside view from your […]

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REOs? Short Sales? They’ve All But Disappeared

Our MLS system allows us agents to save search templates. One of mine that I check often is a quick search of short sales and REOs for sale in Pleasanton, Dublin, Danville, Blackhawk, Alamo, Diablo, Walnut Creek, Pleasant Hill, Lafayette, Moraga, and Orinda. My neck’s of the woods. This morning produced the lowest count I’ve […]

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Lamorinda Home Prices Back Above Peak Levels

It won’t show in the data yet because the “pendings” haven’t closed. Many are closing for 100K or more over their asking prices, pushing the market price of properties in Lafayette, Moraga, and Orinda up above the previous 2006-2007 peaks. Lamorinda home prices are officially at all-time highs. Some examples… Orinda: Ivy Drive Area 231 […]

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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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