After Christmas Sale, – Bay Area Homes up to 60% off
That is a big statement. Macy’s, Target, Wal-Mart and all most other stores put their products on “After Christmas Sales”. Home Sellers in San Bruno, South San Francisco, and all over the San Francisco Bay Area have put their products on the “After Christmas Sale”
I have randomly selected two recently sold homes to use as an example.
3691 Exeter Dr., a 3BR/2Ba. San Bruno home just sold on Jan 18, 2012 for $452,000 it also sold on May 9 2003 for $600,000. That results into a 36% savings in monthly payments. Look at the numbers.
3875 Carter Drive, #106 a 2Br/2Ba. Condo in South San Francisco sold on Jan 4, 2012 doe $277,000 and in April 25, 2006 it sold for $550,000. A 59% savings. Look at the numbers.
As you look at the numbers please note the lower down payment required, and the lower property tax. Both due to the lower home price. You save all around. Numbers are deemed reliable but not guaranteed.
| 3691 | Exeter Dr. | San Bruno | 3875, #106 | Carter Dr | SSF | |
| 2012 | 2003 | Difference | 2012 | 2006 | Difference | |
| Purchase Price | $452,000 | 600,000 | 25% | 277,000 | 550,000 | 50% |
| Down Payment | 90,400 | 120,000 | 55,400 | 110,000 | ||
| Loan | 361,600 | 480,000 | 221,600 | 440,000 | ||
| Interest Rate | 4.25 | 5.75 | 4.25 | 6.5 | ||
| Principal and Int. | 1726. | 2801 | 1090 | 2781 | ||
| Property Tax @1.1% | 415 | 550 | 254 | 504 | ||
| Monthly Payment | 2140 | 3351 | 1344 | 3285 | 59% |
I selected these properties randomly. You might find savings greater or lesser. I want to point out to you by using real numbers the “Perfect Storm” has arrived; Low interest rates and low home prices. In the past if rates went down prices would go. This is an opportunity of a lifetime. If the I Pad was on sale like homes are on sale you would be on line at 4AM. For all of the potential buyers waiting for the right time, this is your wake up call. The time is right. Ken Rosen of the Fisher Center at UC Berkeley says “This is the best time to buy a home in 30 years”
Considering buying or want to learn more call your favorite Realtor or come to my Free Home Buying Seminar. Click here for more info and registration.
“It is Better To Own Real Estate and Wait, Than Wait To Own Real Estate”
www.LeeSellsMore.com
South San Francisco Sewer Lateral Program is back…
Calling all South San Francisco Home Owners!! The City of SSF has brought back their sewer lateral program back…
Let the City of South San Francisco help you replace that leaky old sewer lateral and help you pay for it! The City of South San Francisco’s Sewer Lateral Grant Program will cover 50% of the cost, up to $2,500, by following program requirements. The City is offering a program to help residents improve their sewer systems and in the process help reduce inflow and infiltration (I&I) into the sewer lines, which can improve the quality of the waters of the San Francisco Bay.
WHAT IS A SEWER LATERAL?
Within the City of South San Francisco, the building lateral is defined as the portion of the sewer system, beginning at the junction with the house plumbing system, usually located two (2) feet from the foundation wall of the building, and extending to and including the connection to the public sewer main. The building lateral is the private property of the property owner who is, therefore, responsible for all costs relating to the installation, connection, maintenance, repair, reconstruction, alteration, abandonment or removal of the building lateral.
These building laterals are often a significant source of infiltration and inflow of additional water, or “I & I”. The Sewer Lateral Replacement Grant Program, or “SLRGP”, is designed to help defray a portion of the costs when the property owner or their agent is required to replace the entire lateral including the connection to the main.
This information was found at http://www.ssf.net/
Nicole Machado
Your SSF Neighborhood Real Estate Specialist
12th Annual SSF Citywide Garage Sale
Calling all South San Francisco residents who may want to participate in this event.
For the 12th Consecutive Year, the City of South San Francisco and the South San Francisco Scavenger Company are sponsoring the “Citywide Garage Sale”. The Garage Sale will take place on Saturday, September 10, 2011. Residents wishing to participate may open their garages and participate in the sale on that day. Participation is FREE and registration is not required. Help the City in its continuing effort to encourage recycling and reuse by:
- Announcing the sale at your church or in a club newsletter
- E-mail family and friends
- Download the attached flyer and post it on a community or employee bulletin board
- Help ensure a large turnout on your block by encouraging your neighbors to participate
If you have any questions about the Citywide Garage Sale, please contact the City Clerk’s Office at (650) 877-8518.
This information was was found on the city of South San Francisco’s website www.ssf.net
Nicole Machado
South San Francisco Neighborhood Real Estate Specialist
I Do San Francisco As Well!
I LOVE SAN FRANCISCO. Don’t get me wrong. I grew up in the peninsula in Daly City and South San Francisco and will always love and consider it home. But I LOVE “The City”. I guess you can say I’m a city-kind-of-guy who loves urban environment and living. I managed to find a home (complete with “Man Cave”) in SF for this lovely family just recently as a matter of fact. So that process was definitely a fun one for me since I drive to the city several times a week anyway.
I also love working with first-time home buyers! I enjoy guiding them, making the purchasing process as stress-free as can be. A lot of the time, their targeted type of home may be a condo. This article from my friend, Jay Sondhi (my office’s in-house lending team, Guarantee Mortgage) is only fitting to present. It’s an informative read and is beneficial for first-time condo buyers who are considering city life!
“I’m shocked to hear that there is still this notion out there that “condos are dead” as far as FHA financing goes. This is far far far from the truth. The rules regarding condo approvals for FHA insurance have changed, but they are far from impossible. Many of the new changes have actually had a positive impact on our local market. Read more
Is Your Home Under Water? New FHA Refi might help!!!
So many home owners in San Bruno, South San Francisco, Daly City, San Mateo and all over the country owe more than their home is worth (under water). Some have tried to modify their loan, short sale, refinance and have run into a frustrating brick wall.
Well here is a new alternative. FHA has a new loan that will allow refinancing for homes under water. They do have very specific requirement but it is worth a shot. Please read the following article from the Sunday September 5, 2010 S.F. Chronicle written by Kathleen Pender in her Net worth column. Please do not hesitate to contact me for FHA approved lenders. lee@leesellsmore.com or 877-Lee-Sells
SSF Day in the Park
For all of you So City folks, I thought I would pass this information along to you that I found on the City of SSF’s website…
Day in the Park 2010
Day in the Park 2010 will be held at Orange Memorial Park, 10 am – 4 pm, Saturday, September 18, 2010! This will be South San Francisco’s 14th Annual Day in the Park. The event is made possible through the generous donations of local businesses. To be held at Orange Memorial Park, free parking with frequent shuttle service will be offered at South San Francisco High School. Food, friends, and fun for the entire family will fill the day! Come early and stay for lunch; local service clubs will be offering delicious sandwiches, snacks, and beverages.
Beginning at 10:00 am, Day in the Park features loads of booths, occupied by non-profit clubs, service groups, staff from city and county agencies and departments, church groups, local businesses, and crafters, all representing a wide cross section of the community. Fun activities will be offered for children, including Cosmo-jumps, face painting, and a petting zoo. An outdoor stage will host colorful performances by talented young people that reflect the diversity of the community.
Public safety demonstrations will be given by the Fire Department, including the Survive Alive House. Police demonstrations will include the K-9 dogs, and tips on safety and crime prevention.
Car enthusiasts will enjoy the special interest car show on the west side of the park.
The City of South San Francisco sponsors Day in the Park, with donations from a number of local businesses helping to fund the event.
For more information, please call the Parks and Recreation Department,
650-829-3800.
NICOLE MACHADO
www.mve2day.com
Baseball’s "Field of Dreams" for Sale
Yes! The baseball Diamond that Universal Studios built in
Dyersville, Iowa is for sale. Please let me know if you have interest. I would love to represent you in the negotiations. Maybe we can arrange to have it moved to San Bruno or South San Francisco.
Follow the link
http://www.telegraph.co.uk/culture/film/film-news/7721998/Field-of-Dreams-for-sale.html
Sorry, Your House DIDN’T Go Down in Value
I had an interesting experience the other day. A homeowner came into my office and asked if I could help him fill out a “Decline in Value” Reassessment Application Form in order to request a reduction in property taxes based on a decline in property value. I agreed to help him and began to do the necesssary research on prices for homes sold within the last three months of 2009 in order to come up with a market value opinion for January 1, 2010. The result? It turned out that there was no significant decline since the last time the house was reassessed for 2009-2010 taxes, such that there would only be about $100 in yearly tax savings.
So, the bad news – the decrease in property tax will be minimal. But the GREAT news is that Read more
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