February 24, 2013

NOW is the time to buy or sell a house!

The National Association of Realtors (NAR) isn’t known for deep thinking.  After all, this is the group that brought you David Lereah, America’s very own Baghdad Bob on the topic of forecasting home values.  But let’s take a closer look at the idea that NOW is always the time to buy. After all, if now is not the time to buy, then now is the time to sell.

Turns out NAR has that one covered.  They’ve got a list of the best places to buy and sell, NOW.  And guess where is the time to sell NOW.

That’s right.  Where it’s Special.

Asheville, NC Tops Best Places To Buy In 2013

Real Estate News   |  Feb 14, 2013   |  By: Lexie Puckett | Realtor.com

130222-nar-ashevilleThe new year started on a positive note in January, with inventories at record lows and list prices holding steady on a year-over-year basis. Whether this shows a continuation of the nascent housing recovery into 2013 will depend on a variety of factors, including the strength of the overall economy, the cost and availability of mortgage credit, consumer expectations regarding future housing prices, and the success of continuing efforts to stem the flow of new foreclosures.

If inventories remain low — and if list prices begin to rise during the next few months, as they did last year — conditions are ripe for additional house price appreciation in 2013. However, such gains are likely to be concentrated in markets already well into their recovery process, such as California, Phoenix, Seattle, Washington, D.C., and many sand states. Markets in the older industrialized parts of the Midwest and the East will likely continue to struggle without a significant turnaround in their local economies. However, if inventories in these areas remain high, it could effectively set the stage for further declines in housing values in these local markets.

2013 Best Places to Buy and Sell

With two months remaining before the home-buying season opens, sellers have a huge advantage. In tight markets, such as the top five “Best Places to Sell,” sellers benefit from better prices than they’ve seen in years. In our five “Best Places to Buy,” buyers will find plentiful inventory and prices that haven’t experienced the increases others have seen during the past year.

So wait, are they saying that there actually exist places where NOW is not the time to buy? Well… no, because they would never want to prevent suckers from giving them money interfere with the free market.  Also commissions.

Here are NAR’s Top 5 Best Markets to Sell a House NOW.  Except they didn’t say NOW, but you KNOW it’s THERE.

130222-nar-sacto1. Sacramento. No, really. Inventory dropped even more than here where it really is Special, leading to price increases of (get ready to scream) 40%.  You forgot to invest in Sacramento last year, didn’t you?

2. San Jose.  Prices are up 25% here and inventory isn’t exactly generous. But unlike Sacramento, San Jose wasn’t rebounding from a complete price collapse.

3. San Francisco. They’re just copying us, and not as well.

4. Phoenix. See Sacramento. Inventory is down 16%, but so what? They simply make more land. What they can’t manage to make more of here is water.

5. Washington, DC. “With a median price of $429,900, D.C. is one of the nation’s priciest markets…”  Right, NAR.  You want to see what you can get here, where it’s actually Special, for $430,000?  This.

130222-nar-sheriann1889 SHERI ANN Cir
San Jose, CA 95131
$429,950

HOA Dues: $202/mo.
2 Beds
2 Baths
1,157 Sq. Ft.
$372 / Sq. Ft.
Built: 1993
Lot Size: 435 Sq. Ft.
On Redfin: 1 day
Status: Active
HOA Dues: $202/month
Style: Contemporary
View: Neighborhood
County: Santa Clara
Property Type: Condominium Stories: 1-3 (Low Rise)
Community: Berryessa
MLS#: 81305233

Upcoming Open Houses

Saturday, Feb 23: 1:30-4:00 pm
Sunday, Feb 24: 1:30-4:00 pm

Dwnstrs condo has bright & open flr plan. Newer carpet, hrdwd flrs in entry & ktchn. Interior has been freshly painted. Spacious patio off of lving rm. Gas stove, dual sinks & recessed lights in Kitchen. Mster bdrm has it’s own patio, walk-in closet, recently updated bthrm, 2 sink vanity. Attchd 1 car garage w/ laundry. Community has large pool, spa, sports court, bbq/picnic area. Great location.

And by “Great location” they don’t really mean “great location.”  Yesterday’s house was “great location.”  This place is “You’re less likely to get shot than on Story Road.”

Now, lest you think all those California metros filling in the first 3 on that top 5 list are some big honking coincidence, here’s some data ripped straight out of NAR’s January Trends report.  The blog entry linked above is distilled from this longer report.

130222-nar-inventory

It goes on to confirm what we already knew: It’s Special Here. Then again, it’s even More Special in Sacramento.  Want to know where else it’s surprisingly Special?

130222-nar-dom

Anyone who doesn’t see Bubble written all over these tables simply is not paying attention.

Comments (7) -- Posted by: madhaus @ 5:03 am






July 10, 2012

ENJOY IT ON THE LARGE DECK

Here’s another San Jose Special from one of our frequent correspondents, Burbed reader Tracy Tea House!  Thanks very much for this Berryessa beauty, which has been snapped up by some lucky buyer. 

11260 CANYON Dr
San Jose, CA 95127
Listed for $699,000; Sold for $640,000 on 6/16/2012

120708-canyon-redfin

120708-canyon-wood-panelsBEDS:  3
BATHS:  3
SQ. FT.:  2,952
$/SQ. FT.:  $217
LOT SIZE:  0.48 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Ranch
STORIES: 1
VIEW: Neighborhood
YEAR BUILT:  1964
COMMUNITY:  Berryessa
COUNTY:  Santa Clara
MLS#:  81213632
SOURCE:  MLSListings
STATUS: Sold

WOW!WHAT A GREAT VALUE * GORGEOUS SWEEPING VIEW OF THE GOLF COURSE AND CITY LIGHT * ENJOY IT ON THE LARGE DECK * PRIVATE POOL AREA * IN DOOR SAUNA ROOM * HUGE BED ROOMS * HUGE LIBRIRY AND OFFICE * SUPER PRIVATE AND SERENE LOCATION * SURROUNDED BY MULTI MILLION DOLLAR HOMES * 3 MUNITES DRIVING TO 680

Here’s what Tracy had to say when submitting this property to our attention:

120708-canyon-saunaSomething is probably truly wrong with this house! But what? We fell in love with the massive decks, tiki torches, groovy pool, amazingly large rooms, with indoor sauna and all over swag. The tee is directly out the back door and people are literally hitting golf balls feet from the deck. I think my dogs would have gone crazy!

Now the down sides. Shorty short sale, the price is very, very low, considering, and there are water problems. Some obvious, but I suppose, some hidden much deeper, with the big hill 120708-canyon-stainedglassabove. The house was pending shortly after we looked at it, and fell out, so its back on the market. A true treasure? Or a California size boondoggle?

All this, and only 3 MUNITES DRIVING TO SAN JOSE.  Are MUNITES more or less time than MINTUES?  We know, the unit of time used on the WORLD RENOWN SAN FRANCISCO PENINSULA are MINTUES.  But if you know the way to San Jose, you can conquer both time and space.

Don’t believe us?  Look at all 25 pictures of this listing and figure out what’s missing.  Go ahead, we’ll wait.

Did you figure it out?  Here’s a hint, courtesy of teh Google.

120708-canyon-streetview

Yes, 25 pictures (several of the same exact tree), and not one of what the house itself looks like.  No wonder you have to ENJOY IT ON THE DECK instead.  At least you would be SURROUNDED BY MULTI MILLION DOLLAR HOMES.

120708-canyon-zillow

Um.  Thank you, Zillow.  Opportunities to play with the Red Arrows are always appreciated.

Too bad the realtard didn’t find a dictionary in the HUGE LIBRIRY.

Comments (21) -- Posted by: madhaus @ 5:02 am

May 8, 2012

Check with City to explore other possibility

Areas close to the high-tech jobs are so desirable right now, homes for sale there are snapped up before the seller finishes signing the contract with an agent.  Meanwhile, far-flung exurbs are not doing as well.  Commuting an hour, or even more, is not desirable to most buyers with Silicon Valley jobs.

So what about the places that are still within what we think of as Silicon Valley, but aren’t a relatively easy commute to the job centers?  What if those areas were Foreclosure Central during the credit crunch?  What if some of the residents in those neighborhoods aren’t exactly Junior League material? Let’s take a look at such a big lot Berryessa listing from Burbed reader Tracy Tea House.

1199 PIEDMONT Rd
San Jose, CA 95132
$748,800

120507-piedmont-redfin

BEDS: 3
BATHS: 2
SQ. FT.: 1,448
$/SQ. FT.: $517
LOT SIZE: 0.46 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Ranch
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1956
COMMUNITY: Berryessa
COUNTY: Santa Clara
MLS#: 81214183
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 20 days

LARGE LOT, Value in land, city allowed to build 3 houses couple years ago, contact city to verify status of approval. Near Piedmont high, Piedmont Middle, elementary school and library. It is very rare to find large lot like this in North Valley. Check with City to explore other possibility. VERY LARGE DOG, DO NOT DISTURB OCCUPANT, DO NOT ENTER PROPERTY. WRITE OFFER SUBJECT TO INSPECTION

Since you won’t be entering the property (VERY LARGE DOG, DO NOT DISTURB OCCUPANT), good thing this home listing has 24 pictures.  Here a few of our favorites.

120507-piedmont-suv120507-piedmont-neighbor120507-piedmont-dirt120507-piedmont-half-garage120507-piedmont-big-yard-dog120507-piedmont-dog-ho

24 pictures of the same six parts of the outside of the house.  But the good thing about these photos is you can play Where’s Waldo with them, assuming Waldo’s the name of the VERY LARGE DOG.

Comments (8) -- Posted by: madhaus @ 5:06 am

February 10, 2012

property is in poor condition and needs a lot of repairs

Here’s a winner of a house in the Berryessa district of San Jose, also known as “I can’t believe it’s not Milpitas!” Today’s listing is courtesy of Burbed reader bmwman91.  Thanks very much!

3318 ONSLOW Way
San Jose, CA 95132
$454,900

120208-onslow-redfin

BEDS: 4
BATHS: 2
SQ. FT.: 1,645
$/SQ. FT.: $277
LOT SIZE: 6,534 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 2
YEAR BUILT: 1974
COMMUNITY: Berryessa
COUNTY: Santa Clara
MLS#: 81151168
SOURCE: MLSListings
STATUS: Pending Without Release
ON REDFIN: 43 days

Cash only!!! property is in poor condition and needs a lot of repairs. Spacious 4 bed 2.5 bath home located in a nice neighborhood. Spacious and open floorplan with good size rooms throughout. 2 car garage with ample storage space. Bank owned property !! As-is sale . Min disclosures.

120208-onslow-kitchenHere’s why bmwman91 thought this house was Burbed-worthy:

At least they tell you that the property is in bad shape. For a paltry sum of not a lot of money less than half a million dollars, you really shouldn’t expect to get something livable in a sort of shitty part of the bay area.

No, no, no, not a lot of money IS half a million dollars.  Mitt Romney said so.  If you want something livable, you have to spend like you’re part of the one percent,  That’s an income of $386,000, which means you could afford a $1,958,000 house, if you did a little bit of creative financing.  And if you want to buy in the Real Bay Area, that’s a given.

Comments (13) -- Posted by: madhaus @ 5:03 am

November 28, 2011

HOME PACKED WITH BEAUTIFUL FEATURES FROM HARDWOOD FLOOR

Just because we’re looking at the best possible DEALS doesn’t mean we can’t look at homes all over the price map.  For example, when you hear about places with asking prices over a million and a half, you’re thinking they’ve got to be in the Real Bay Area.  But here on Burbed, we know that $1.5 million dollar homes can be found anywhere, because that’s what it means to have a Free Market!  You are Free to ask any price you choose for your house, and everyone else is Free to tell you what they think of your brilliant idea.

Thanks very much to Burbed reader Tracy for this find in the beautiful Berryessa bivouac.

15292 CAMELOT Dr, San Jose, CA 95132
$1,588,800

image

BEDS: 5
BATHS: 5.5
SQ. FT.: 4,787
$/SQ. FT.: $332
LOT SIZE: 1.21 Acres
PROPERTY TYPE: Detached Single Family
STORIES: 2
YEAR BUILT: 1994
COMMUNITY: Berryessa
COUNTY: Santa Clara
MLS#: 81147474
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 13 days

BEAUTIFUL ESTATE IN BEST LOCATION IN NORTH SAN JOSE BERRYESSA HILLS * HOME HAS A LARGE LOT OVER 1.25 ACRES – FULLY LANDSCAPE WITH FULL SIZE TENNIS COURT HOLLYWOOD CIRCULAR DRIVEWAY * PRIVATE GATE * HOME PACKED WITH BEAUTIFUL FEATURES FROM HARDWOOD FLOOR * ROMAN COLUMNS * MARBLE * LUXURIOUS BATHROOMS * CROWN MOLDING IMPRESSIVE STAIRCASE AND MUCH MORE

imageThis house may not have a LOCATION LOCATION LOCATION in one of the Five Hundred Most Expensive Zip Codes, but it has something even better.  Dat’s right!  Mawbul Kawlums!

Too bad this house is on Camelot Drive.  With all these columns it really ought to be on Great Caesar’s Ghost Circle, or perhaps Cassius Clay Court.  Or maybe Camelot drive symbolizes the power of wishing prices.  But then you have to worry about Mordred plotting against you behind the FULL SIZE TENNIS COURT HOLLYWOOD CIRCULAR DRIVEWAY.

image

image

And if you are wondering about the agent’s interesting approach toward the English language, Tracy sent me the listing copy from when the home was on the market before.  (And it’s been listed three other times.  According to Zillow the previous listing was for $1,788,950.)

Welcome to this elegant custom-built mansion. The immense formal entry will open to a colossal foyer which embraces any large social gatherings. A Sierra Heights Estate with balconies that overlook the spectacular city light, mountain, and valley views. Many Elegant Upgrades throughout the floor plan reveals the premium value of this home. 4-CAR Garage and many GUESS PARKING SPACES.

I don’t know, how many parking spaces would that be?  Lucky eight?

Comments (6) -- Posted by: madhaus @ 5:08 am

November 25, 2011

BLACK FRIDAY DEALS: Cheapest house in Santa Clara County

imageIt’s time for our post-Thanksgiving Black Friday Deals, Deals, Deals!  This series was a big hit last year, so we’ve brought it back, better than ever.  That’s why we opened an hour early this morning.

Every day we’ll feature the cheapest property we could find in a featured place.  We’re also going to keep bringing you the regular listings, because It’s Still Special Here.

Today, the cheapest house in the entire County of Santa Clara!  How much would you pay for an actual house (NOT A CONDO) on an actual lot (NOT PAVEMENT) in an actual city (NOT IN GILROY)?  And it’s not even one of those micro-cottages.  This is a real 3 bedroom, 2 bath house well over 1,000 square feet in size.

But, it’s BLACK FRIDAY, so you have to HURRY!  This one won’t last long because someone’s going to get it in the shorts.

548 SCOTTSVILLE Ct, San Jose, CA 95133
$150,000

image

BEDS: 3
BATHS: 2
SQ. FT.: 1,101
$/SQ. FT.: $136
LOT SIZE: 3,484 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 1
YEAR BUILT: 1979
COMMUNITY: Berryessa
COUNTY: Santa Clara
MLS#: 81129498
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 142 days

Pre-Foreclosure. Must sell 11/27/11. Open House Sunday 11/27/11 2:00-4:00PM. Close to schools, cul-de sac.

Yes, this house must be sold by SUNDAY!  Wow, it isn’t even 80 years old.  An actual house for $150K.  That means if you earn $50K a year, like if you were a really lazy engineer and only worked 20 hours a week while whining at Occupy San Jose the other 148 hours a week, YOU COULD STILL QUALIFY TO BUY THIS HOUSE (provided you haven’t completely messed up your credit by, say, buying a house in the last 10 years.)

No more excuses.  NOW IS THE TIME TO BUY.

Comments (10) -- Posted by: madhaus @ 4:00 am

October 26, 2011

Now THIS is an Undisclosed Location, Location, Location!

A while back we featured a trailer park house mobile home that a reader sent in.  Then the owner of said home appeared in comments and after a nasty free-for-all lively discussion, either the Owner or the Sender asked that the writeup be removed

Well guess what? We’ve got another place from the Exact Same Trailer Mobile Home Park, and it’s even more Burbed-worthy!  Thanks very much for Burbed reader SEA for alerting us to this opportunity.

 

2151 Oakland Rd #301, San Jose, CA 95131
$109,900

image

BEDS:3
BATHS: 2
SQ. FT.: 1,440
$/SQ. FT.: $76
LOT SIZE: –
PROPERTY TYPE: Mobile Home (Double Wide)
YEAR BUILT: 2008
COMMUNITY: Berryessa
COUNTY: Santa Clara
MLS#: 81134644
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 63 days

Beautiful 3bed/2ba 2008 Champion Model. Living room has pergo & towner dormer with skylight. Family room has wire for phone and cable. .Eat-In kitchen has a refrigerator, dishwasher & skylight. Guest bed has ceiling fan with light and carpet. Guest bath has tub & shower & linoleum. Master bed has walk in closet and wire for cable. Master bath has separate tub & shower. Space rent $825.01.

imageWe’re still disappointed that the other doublewide got taken down, but this one is so much better, and only a few thousand more!  It’s much newer, built in 2008.  But the awesomeness is just beginning! 

Buy this container house and nobody will have any idea where you live.  Yeah, the original Casa del Lago doublewide was purported as “Live at an Undisclosed Address,” but there were directions to find the place in the MLS detail.

imageNot here!  Not only do we have no idea what street this is on, the agent won’t even show us what the outside looks like!  There’s no way you’re going to find this place short of taking a tour of every single metal box luxurious manufactured home in the park until you find this interior paint job!  With every single room painted a different color so you’ll never get lost, it’s all ready for you to start a preschool in here! Ka-ching!

Plus all the delights of Casa del Lago, including rapacious, bloodsucking landlords enthusiastic on-site management ready to assist your move in with a sixty-page rental agreement you won’t be able to take off the premises after you close on the place.

image image

imageimage

imageimage

What are you waiting for?  This one won’t last long!

Comments (10) -- Posted by: madhaus @ 5:09 am

August 18, 2011

Detached converted garage makes this the perfect home for your large family and toys

Here’s another listing from the wilds of San Jose hillbilly country, from intrepid Burbed reader Tracy!

 

3535 SIERRA ROAD, San Jose – North Valley, CA 95132
$699,000

image

BEDS: 4
BATHS: 3
SQ. FT.: 2,977
$/SQ. FT.: $235
LOT SIZE: 2.67 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Ranch
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1970
COMMUNITY: Berryessa
COUNTY: Santa Clara
MLS#: 81133736
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 12 days

Large 4 bedroom 3 bathroom home located on large 116,000 SF lot. Room for off street parking and detached converted garage makes this the perfect home for your large family and toys. Nice patio deck with some views of the surrounding area. Tenant in property, please make appointment to see and do not disturb occupants.

Here’s what Tracy has to say about this property:

imageWow, I feel for the “tenants” AKA owners who are being foreclosed on. However, maybe they have less worries since the photography of the listing is so bad! Could the lighting be any dingier? When the main selling point is “room for off street parking,” and there are only pictures of the lot, temporary buildings and cars, I wonder how they got the kitchen shot.

On the plus side, I think the picture of the four Cypress trees is very artistic. I guess the agent imagines that a detached garage makes a house perfect for a large family… but I wonder what lurks behind those bushes!

image

Artistic?  I guess it takes a certain kind of talent to use a modern camera and manage to overexpose the yard but leave the flash off inside.  At least the date is still readable in both shots.

And props to the agent for having the date set correctly.  Remember that listing where all the pictures were from 2003?  I think it cost a few thousand more than this place, too.

Okay, do any Burbed readers know what this is all about:

Listing Information
  • Bank-Owned/REO
  • Tenant Rights

What tenant rights are involved in San Jose house rentals?  Is this like Berkeley where you’re obligated to let the tenant stay 40 years or until they die in your house, whichever comes last?  Is that why the price went down 90% in six months back in 2003?

image

Tenant in property.  Sounds like removal is going to be painful.

Comments (7) -- Posted by: madhaus @ 5:06 am

August 25, 2010

If you want to live in a green-ish house in San Jose…

$699,000

1578 MISSION SPRINGS Cir San Jose, CA 95131

image

Beds: 3
Baths: 2.5
Sq. Ft.: 1,630
$/Sq. Ft.: $429
Lot Size: 3,500 Sq. Ft.
Property Type: Detached Single Family
Style: Spanish
Stories: 2
Year Built: 1989
Community: Berryessa
County: Santa Clara
MLS#: 81035786
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 27 days
Gorgeous NSJ 2-story house w/ Lots Upgrades, 3Bed 2.5Ba, Open Floor Plan w/ High Ceil. Upgrade Kitch. , New Top Quality Berber Carpet upstairs & New High-end Laminate Floor Downstairs, European Style Curtains in All Rooms, Beautiful Landscaped Backyard w/ Professional Pergola on Desired Corner Lot. Relaxing & Convenient Living to Golf Course, Supermarket, Costco and Park. A must see.
Thanks to Burbed reader sonarrat for this find!
Now, I’m not a professional architect, nor do I play one on TV, but yeah I’d have to agree with sonarrat that something looks a bit off in this house. Is it the charming green piping (which curiously is not mentioned in the listing? I mean, I’d expect a realtor to absolutely rave about something like that!)? Is it that funny window above the garage?
Any architects out there? What do you think makes this house look funny, aside from the fact that one of the biggest selling points is that it is near a Costco, and yet it is a mere $429 per square foot?
Comments (17) -- Posted by: burbed @ 5:38 am

April 21, 2009

New staging techniques being used by Realtors in San Jose

3036 BETSY Way, San Jose, CA 95133 | MLS# 80903658
3036 BETSY Way San Jose, CA 95133
Price: $289,000

1356265336-3036b
Beds: 3
Baths: 1
Sq. Ft.: 1,165
$/Sq. Ft.: $248
Lot Size: 5,280 Sq. Ft.
Property Type: Detached Single Family
Style: Traditional
Year Built: 1940
Stories: 1
View: Neighborhood
Neighborhood: Berryessa
County: Santa Clara
MLS#: 80903658
Source: MLSListings
Status: Active
On Redfin: 74 days
This is a nicely kept home in North Valley Area, 3 Bedroom, 1 Bath, Hardwood Flooring Throughout, Detached 2 Car Garage, Close to shopping and other facilities, Great Price for Starter Home.

I don’t know about you, but I’m bored of the cliche staging that seems to be all the rage these days. I prefer more deconstructionist staging that reflects the mood of the times.

Burbed reader sonarrat was impressed by the multi-tone station wagon in the driveway.

Me? I’m all about this:

1341877088-3036a

Booyah. The half open gate. The laundry appliance. The dining room chairs on a dining room table. The shanty wood structure.

THIS IS REAL EVERYONE. THIS IS REAL.

It’s gritty. It helps you feel like you’re living. You see the chaos and your mind races. And it races to buying this $248 per square foot house because you know it’s only going to go up once you make it de-real. But will you? Isn’t this what those hipsters living in the tenderloin or billyburg would want?

It’s your choice, but you’d better act fast!

Comments (35) -- Posted by: burbed @ 5:48 am