Sales of multi-million dollar homes are continuing to grow in Orinda and Lafayette. $2M+ homes are selling at the fastest pace since 2007. Also worth noting, it seems like Lafayette has been performing better than Orinda since 2006. On the ground, it certainly feels like Lafayette has been a little trendier. Interesting.
Imagine your dream house pops up for sale. You rush to see it and want to submit an offer. Unfortunately, ten other people are doing the exact same thing. Here are the steps you need to take to have the best chance of winning a bidding war without overpaying. Sometimes buyers lose a bidding war because […]
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 […]
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 […]
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 […]
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 […]
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 […]