November 4, 2006

“It’s a great time to buy or sell a home.” – Realtors

Realtors Say the Stars Are Aligned for Housing – New York Times
IT may go down as the “Got milk?” moment for the housing sector.

Just as dairy associations, with their widespread ads, have tried to convince Americans of the many benefits of milk, the National Association of Realtors will begin promoting the notion that buying a home is an unalloyed good in a $40 million campaign that boldly declares: “It’s a great time to buy or sell a home.”

The ads will try to counter the drumbeat of dour housing data and news by making the case that historically low interest rates, a large supply of homes on the market and the group’s forecast of rising prices next year make now an ideal time to buy a home.

The campaign, which was developed by the Most Agency, based in Newport Beach, Calif., starts today with full-page ads in The Wall Street Journal and USA Today. It will make its way into other newspapers, including The New York Times, over the weekend and onto television and radio networks early next year.

Remember, when prices are going up… it’s a great time to buy.

When prices are going down… it’s a great time to buy.

Got it!

Click here to post a comment -- Posted by: burbed @ 5:29 am






November 3, 2006

Photo of the week – was the agent scared?

MLSlistings Property Detail for MLS number 649624
2794 DEVONSHIRE AV
Redwood City, CA 94063
2794devon.jpg

$595,000

This Single Family Residence has the following features:
MLS#: 649624 Approx Age: Unavailable Approx Sq Ft: 800
Detached Single Family 1 Story 2 Bedrooms
1 Bathroom 1 Stall Shower Living Rm/Dining Rm Combo

Sometimes I wonder “Gosh, sellers are paying their Realtors(R) thousands of dollars for these pictures! Is it worth it?” For example, why was the agent 200 feet away from the house?
And then I see this picture:

2794devon-b.jpg

Oh yeah… it was worth it.

Click here to post a comment -- Posted by: burbed @ 5:30 am

November 2, 2006

"A Cozy Home With Great Potential & Lowest Price In Area!"

MLSlistings Property Detail for MLS number 663440
3161 WILLIAMS AV
Redwood City, CA 94063
3161william.jpg

$530,000
Open House Showing
A Cozy Home With Great Potential & Lowest Price In Area!
Home With Great Potential & Lowest Price!
Delightful Cozy Home Of 2 Bedrooms & Full Bath With Brand New Roof, Remodeled Kitchen With Granite Counter Top and Cherry Wood Kitchen Cabinets, Large Lot Size With Great Petential For Expansions, Very Affordable Home For 1st Time Buyers, Close To School and Many Restaurants and Super Markets, Lowest Price In The Areas! Sold “AS IS”, Vancant Home!Go Direct!Call Listing Agent (Phillip Loi) 408-221-8882 If Offer!Seller Is Motivated & Will Rewiew & Respond To Any Offer As Come In! All Disclosures Available On www.myescrowinfo.com (Pass: 8c9c00-38670)

This Single Family Residence has the following features:
MLS#: 663440 Approx Age: 55 Years Approx Sq Ft: 650
Detached Single Family 1 Story Contemporary

Gosh, is it the lowest price in the area because it’s the smallest house in the area?

According to zillow, this house sold for $35,000 in 1979. If you buy this, be sure to ask the seller to send you photos of their retirement that you paid for.

Click here to post a comment -- Posted by: burbed @ 5:23 am

November 1, 2006

When a $70k reduction isn't enough…

MLSlistings Property Detail for MLS number 637683
702 S DELAWARE ST
San Mateo, CA 94402
702delaware.jpg

$699,000
$70K PRICE REDUCTION, SELLERS MOTIVATED!
Charming 2bed/1bath in Sunnybrae School District. Gourmet Eat-in-Kitchen, stainless steel appliances, wood burning fireplace in living room, private backyard, fenced frontyard for added privacy, detached garage with workshop (can be permitted to turn into in-law-unit),partial basement for extra storage or/wine cellar.

This Single Family Residence has the following features:
MLS#: 637683 Approx Age: 82 Years Approx Sq Ft: 820
Detached Single Family 1 Story Cottage/Bungalow

Wow… $70k huh? So that means that the asking price used to be $769,000?

According to zillow, this house was sold for $620,000 in 2004. I wonder what kind of improvements that these poor owners spent $149k on and now have to take a $70k loss.

(Hint: Probably none)

Click here to post a comment -- Posted by: burbed @ 5:18 am

October 31, 2006

SMOKING! Check out this house!

1214 SIERRA MAR DR, San Jose Property Details – San Jose Real Estate – San Jose Homes for Sale – Movoto
1214 SIERRA MAR DR, San Jose 95118

1214sierra.jpg

Bedroom: 4 Bathroom: 2 Square Footage: 1248 $475,000
Status:
Pending Show
Year Built: 1955 List Date: 10/6/2006 Lot Size: 6237
Parking Spaces: 2 MLS#: 662798
Ask a Question Neighborhood Data Comparable Sale Data Email this to a friend
DESCRIPTION -
1214 SIERRA MAR DR, San Jose
FIRE DAMAGE Value Is In The Land. PLEASE DO NOT ENTER!!!!!!
FEATURES – 1214 SIERRA MAR DR, San Jose
Property Type Detached Single Family
Lot Description Lot: 4,500 to 6,500 Sq Ft
Bedroom 4 Bedrooms
Bathroom 1 Shower over Tub, 2 Bathrooms, 1 Tub, 1 Stall Shower

What a smoking deal!

I guess one thing that I wonder: how did this catch on fire anyway?

Man, that’s going to need a lot of pergo, granite counter tops, and
stainless steel appliances to fix up… At $250 per square foot to rebuild, this is going to be a million dollar house some day soon!

(Thanks Brendan!)

Click here to post a comment -- Posted by: burbed @ 5:06 am

October 30, 2006

$939,999 for a 3/1 in Mountain View with For Sale Sign

MLSlistings Property Detail for MLS number 661510
992 BORANDA AV
Mountain View, CA 94040
992borand.jpg

$939,999
Open House Showing
Saturday, September 30, 2006 10:00 AM – 1:00 PM
Sunday, October 01, 2006 2:00 PM – 5:00 PM

This Single Family Residence has the following features:
MLS#: 661510 Approx Age: 76 Years Approx Sq Ft: 1088
Detached Single Family 1 Story French
3 Bedrooms Ground Floor Bedroom 1 Bathroom
1 Stall Shower 1 Shower over Tub 1 Tub

Alright… so it’s $863 per square foot – for a place in Mountain View. That’s ok. Mountain View is very special, and they’re not making any more Mountain View.

But did they really need to include this picture?

992borand-b.jpg
Is the sign included with the sale?

Click here to post a comment -- Posted by: burbed @ 5:29 am

October 28, 2006

Funny: Headlines from the past and the future

I saw this graphic in my favorite publication, The Onion:
Oct. 22, 1929 | The Onion – America’s Finest News Source
theonion.jpg

Hmm… that seems like a familiar topic. Will we be seeing this in the near future?

theonion-remix.jpg

Click here to post a comment -- Posted by: burbed @ 5:21 am

October 27, 2006

Santa Clara Voter's Guide 2006 by Burbed

It’s election season again! And once again, California is full of propositions. Are there any that will cause us to screw/reward ourselves over as much as Prop 13 did? They’re pretty complicated… so to help, here is the first ever Burbed Voter’s Guide!

Measure ALand Use Initiative

  • Vote Yes: If you want to keep home prices up. This will preserve those boring hillsides (“great mountain views”), reduce the amount of land available (“They’re not making any more land”) and keep the Bay Area “special”.
  • Vote No: If you want home prices to drop and for every square inch of every hillside to be covered with a McMansion/Walmart/Best Buy/Petco. And, if your title has the word REALTOR(R) in it.

Prop 1ATransportation Funding Protection

  • Vote Yes: If you want better roads and worse schools and public schools in bad times. Fortunately, you don’t have any kids in school anymore, and you just refi’ed the house you bought in 1977 to buy a Corvette and a Harley. The priorities are obvious.
  • Vote No: If you want better schools and public schools in bad times, and continued awful roads. Unfortunately, you bought into your neighborhood thinking it would become the next Atherton – and, well, let’s just say that you’re not going Trick-or-Treating this year again. In bad times, do you really want the police to disappear?

Prop 1B: Highway Safety, Traffic Reduction, Air Quality, and Port Security

  • Vote Yes: If you want better roads, less congestion, more security. Oh, and if you want you and your kids to be saddled with $40 billion of debt for the next 30 years.
  • Vote No: You’re thinking of retiring to Florida in a few years – forget it. Why risk having to some extra money for something you’re not going to enjoy.

Prop 1C: Housing and Emergency Shelter Trust Fund Act of 2006

  • Vote Yes: The state is going to help people buy homes! That’s great since you were planning to sell yours! More money chasing after homes! Jackpot!
  • Vote No: If you hate veterans, battered women, and poor people. Or weren’t planning to sell your home, but now may have to pay more in taxes.

Prop 1D: Kindergarten-University Public Education Facilities

  • Vote Yes: Your area has terrible schools and is having a tough time attracting buyers. Maybe you can win over some of those people who insist on only buying in Cupertino!
  • Vote No: Why should I help kindergarteners? What have they done for me lately? Get off my lawn!

Prop 1E: Disaster Preparedness and Flood Prevention

  • Vote Yes: Progress on your ark hasn’t gone as well as thought it would.
  • Vote No: Your REALTOR(T) swore to you that the house you bought is in a disaster and flood free zone. In the event of a disaster and/or flood, your house will be the only one standing! That means your home’s value will skyrocket!

Prop 83: Sex Offenders. Sexually Violent Predators. Punishment, Residence Restrictions and Monitoring

  • Vote Yes: Your firm makes monitoring devices and is about to IPO. Finally, that starter house is in your sights!
  • Vote No: Your REALTOR(T) swore to you that the house you bought is in a sex offender free zone. (Also, you heard from your friends in other states that this doesn’t actually accomplish anything.)

Prop 84: Water Quality, Safety and Supply. Flood Control. Natural Resource Protection. Park Improvements

  • Vote Yes: After paying your mortgage each month, you can’t afford to buy a Brita filter from Costco. Back to drinking tap it is. :(
  • Vote No: You’re planning to sell your house next year anyway. Since you bought it in 1977 for $52k, you can extract $800k to buy a lifetime of Voss. Why pay more for everyone else?

Prop 85: Waiting Period and Parental Notification Before Termination of Minor’s Pregnancy

  • Vote Yes: Abortions are bad – fewer babies mean fewer people who need homes! Who is going to rent your investment property? Who is going to buy your house when you’re ready to retire?
  • Vote No: You’re currently renting office space to Planned Parenthood.

Prop 86: Tax on Cigarettes

  • Vote Yes: You’re tired of smokers messing up your rental property and having to hire professional cleaners afterwards.
  • Vote No: Your home’s down payment is currently invested entirely in MO.

Prop 87: Alternative Energy. Research, Production, Incentives. Tax on California Oil Producers

  • Vote Yes: You live next to the water. Or, in the water like in Foster City. Global warming might not be good for you.
  • Vote No: Your home’s down payment is currently invested entirely in XOM. Plus, you really hate Al Gore.

Prop 88: Education Funding. Real Property Parcel Tax
See 1D

Prop 89: Political Campaigns. Public Financing. Corporate Tax Increase. Campaign Contribution and Expenditure Limits
Sorry – this one is so boring that I can’t find anything funny to say about it.

Prop 90: Government Acquisition, Regulation of Private Property

  • Vote Yes: They can take my home out of my cold dead hands! Also, as a homeowner, I want to start suing the city randomly and get lots of settlements. Woot!
  • Vote No: If you’re sane.
Click here to post a comment -- Posted by: burbed @ 5:29 am

October 26, 2006

Hosting problems – please stand by

Like condo prices, this site has experienced some very strange hosting problems today.

If you saw some strange content – please ignore and or delete. It looks like the server was serving up the wrong site for a few hours today.

Yeeks.

Click here to post a comment -- Posted by: burbed @ 10:13 am

1.09mil for a very unique house – perp garage!

MLSlistings Property Detail for MLS number 660831
1175 BONITA AV
Mountain View, CA 94040
1175bonita.jpg

$1,099,000
Open House Showing
Sunday, October 01, 2006 1:30 PM – 4:30 PM
UNIQUE HOME NEAR DWNTN MV! A MUST SEE!

This Single Family Residence has the following features:
MLS#: 660831 Approx Age: New Approx Sq Ft: Unavailable
Detached Single Family 2 Stories 4 Bedrooms
2&1/2 Bathrooms 1 Stall Shower 1 Shower over Tub

I must say that is pretty unique! It seems to me that the garage is perpedicular to the driveway. That’s certainly… uh… interesting.

Click here to post a comment -- Posted by: burbed @ 5:26 am