Modesto, CA Real Estate News

By DAdrea Davie, Stanislaus & San Joaquin Short Sale Agent
(Keller Williams Realty)
Tis the Season to be Jolly...Fa La La La La La La La La (in my Mariah Carey voice). Home sells tend to decrease around the Holiday Season, however, it is a great time to search and buy a home.  Here are some reasons on why you shouldn’t put your home search on hold during the holidays.    LESS COMPETITION: I find that the most serious homebuyers are the ones that search during the holiday season. During the seasons, a lot of purchasers, who were looking or interested in looking for homes take a break during the holidays, making it less competitive for the serious buyers to gain the attention of the seller.  SELLERS ARE VERY MOTIVATED: Especially if their home has been on the market for a while. Sellers that have their home and keep their home on the during the holiday season are serious...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
October 2011 Sales - Modesto California - Stanislaus County   The sales figures for Modesto California for October 2011 are in.  The totals below are for single family homes sold in Modesto.       Total Sales - 245  (an increase of 5% over October 2010)   Bank owned Sales - 92  which was 37% of all sales.   Short Sales - 63 which was 26% of all sales   Overall, distressed sales (Bank owned and short sales) made up 63% of all sales.   The lowest price home sold in Modesto during October 2011 was $18,500.     The highest price home sold in Modesto during October 2011 was $335,000   The median home price in Modesto during October 2011 was $125,000   The average days on the market was 61.   As you can see the volume of home sales in Modesto in September increased slightly over last year.  D...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
September 2011 Sales - Stanislaus County - Modesto California   The sales figures for Modesto California for September 2011 are in.  The totals below are for single family homes sold in Modesto.       Total Sales - 236  (an decrease of 9% over September 2010)   Bank owned Sales - 102  which was 43% of all sales.   Short Sales - 52 which was 22% of all sales   Overall, distressed sales (Bank owned and short sales) made up 65% of all sales.     The lowest price home sold in Modesto during September 2011 was $34,000.     The highest price home sold in Modesto during September 2011 was $385,000   The median home price in Modesto during September 2011 was $120,000   The average days on the market was 54.   As you can see the volume of home sales in Modesto in September declined over last yea...
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By Harpreet Singh, (Western Singh Business Broker)
(Western Singh Business Brokers)
One of the most important aspects to buying a home is to ensure that you purchase for a fair price. Since there are certain key steps that you must follow in order to make a sound decision, it pays to have a knowledgeable Realtor on your side who will be able to help obtain the best and most realistic asking price for a property. Determining Market Comparables For example, one of the first ways that your agent will discover the price of a home is by researching local market comparables. In most cases, they will be able to bring up a list of properties sold over the last 6 months within a 1 mile radius. Properties should also not be bigger than 20% of the subject size. Additional features to consider would be the neighborhood each home resides in, structural differences, bedrooms and bat...
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By Harpreet Singh, (Western Singh Business Broker)
(Western Singh Business Brokers)
We have seen lot of homes went from foreclosure stage to short sale since end of 2009. Their has been surge of short sale properties in market, where 65% of all properties are for short sale specifically in Central Valley, CA. Are these propeties are making better the market or worse?   If we can see from sellers's side then the short sales have helped sellers to save them from big hands of banks where in past couple of years sellers were crushed by banks by foreclosures mostly. Now the sellers got something to imporve their credit or life on sooner. Also the incentives with HAFA program has also helped to moving costs, so seller don't have to take all burden in this hard times. But on other side through short sales, buyers and their agents are somewhat frustrated by the slow moving pro...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
Stanislaus County Short Sale Agent Goes Nuts The regular season for the local minor league baseball team, the Modesto Nuts, has come to an end.  The Nuts are the second half North Division Champions!   We were there Saturday night when they clinched a playoff spot by coming back with 2 runs in the bottom of the ninth to win the game.  The  following day Sunday (9/4/11) they clinched the championship.  The Modesto Nuts play in the single A California League and are an affiliate of the Colorado Rockies.  The Nuts also set an attendance record for the fifth year in a row with 180,785 fans this year.  The Modesto Nuts started playing in Modesto in 2005 after the Modesto A's moved to the new park in Stockton and became the Stockton Ports.   The Ports are still the Oakland A's single A affili...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
Stanislaus County Short Sale Agent And A DUI Check Point On Saturday night while driving in Modesto Ca I noticed a sign warning of a DUI check point.  The check point was not on the street that I was driving down so I didn't go through it.  Not that I would have had any problem with that.  Here in Stanislaus county DUI Check points are common especially on long holiday weekends.  So on Monday night, the last day of the three day weekend I am again driving in Modesto and see that familiar sign warning of a DUI check point ahead.  This time it is on the street that I am driving.  There is no way that someone driving westbound on this particular street is going to avoid the check point.  I was driving westbound.  No problem.  I noticed about a quarter of a mile before the check point parke...
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By Julia Hull, Realtor Modesto, California
(California Real Estate Mart, Inc.)
Their parents served our country and paid the ultimate sacrifice that we might be Free to have choices. Choices like which school our children should and can go to. What about them? What about the children that are now in a single parent home due to the terror of war since 9/11? Freedom is never free....it comes with a severely high price.   This is not about any political party discussion. This is simply coming together and taking care of those that have sacrificed so much for you and I. This is not a political discussion about whether we should have armed forces in the Middle East or not. This is not about the cost of oil. Again, this is about children, around 11,000 children that are now in a single parent family home. Sure, there is help by our government. Unfortunately, it is not e...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
Stanislaus County Short Sales - Recomends A Great Place To Shop Or Dine Being a Stanislaus County Short Sale Specialist I am on the road a lot.  One of my favorite places to stop into for a quick bite to eat while in Modesto is at Greens Market.  Not only does Greens specialize in local organic and seasonal produce, but they have some great fresh baked goodies too.  They also have a selection of hot foods to eat there or take with you. One of my favorites for a quick breakfast is the Onion Frittata Breakfast Wrap.  According to their website this wrap consists of: Ham, eggs, heavy cream, carmelized onions, leeks, red onion, scallions, parmesan, oregano, sundried tomato, salt, pepper.  VERY TASTY! One of my favorites from the bakery is their Salted Caramel Brownie.  Pair that with a moch...
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By Jason Alves, REALTOR® | REALTORS® Land Institute Member
(Redwood Real Estate Group)
Boundary fences are arguably the most common source of disagreement and dispute between neighboring property owners. California Civil Code §841.2 requires that “coterminous owners are mutually bound equally to maintain the fences between them”, and according to Nolo Press’ Fences and Neighbors FAQ, “Unless the property owners agree otherwise, fences on a boundary line belong to both owners when both are using the fence. Both owners are responsible for keeping the fence in good repair, and neither may remove it without the other’s permission.” Not every fence separating two properties is a boundary fence however it is typical for neighboring property owners to assume a boundary fence exists and to mutually agree to a shared responsibility for maintaining the fence. If any doubt exists, c...
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By Dan Phipps
(America's Realty Associates)
  Many people want to buy a home in Modesto, but have you ever thought about why? Really… Anybody can throw out a few reasons here and there and then fail to really explain the benefits behind them. Here’s the real question… Are there really any good reasons? What reasons are there that convince you to buy a home in Modesto? I could go through a long exhaustive list of different reasons of why you should buy a home. In fact, I could probably come up with hundreds of reasons if I really drill it down to specifics. The truth is that a list like that would suck to read. So, I’ve pounded it down to 6 main reasons to buy a home. Three logical reasons for you analytical types, and three emotional reasons for those of you with your heart on your sleeve. Logical Reasons There are three main rea...
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By Jason Alves, REALTOR® | REALTORS® Land Institute Member
(Redwood Real Estate Group)
Senate Bill 183 in California requires Carbon Monoxide Alarms for dwelling units intended for human occupancy with a fuel burning appliance, fireplace or attached garage. Effective date of this law is January 1, 2011 for new construction, July 1, 2011 for existing single family dwellings and January 1, 2013 for all other.
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By Dan Phipps
(America's Realty Associates)
This week is a great week if you’re interested in finding a nice home for under $100,000 in Modesto. There are three Modesto homes for sale this week for under $100,000 and they’re all very nice. So let’s take a look at the listings of the week. Home For Sale On Rotterdam Ave In Modesto You know how I like to save the best for last… so before I get to the three homes under $100,000, we’re going to start with these gems. Our first home is listed by Century 21 M&M on Rotterdam Ave in Modesto. Rotterdam is a good looking 3 bedroom, 3 bathroom home, with well over 1600 sq ft. This home is located in a very nice, north Modesto neighborhood, close to the esteemed Dutch Hollow neighborhood. Judging by the great location, the large living area, and the extra bathroom, you would probably expect...
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By Dan Phipps
(America's Realty Associates)
So how’s the market? That’s the million dollar question. The question everybody, including you, want to know. So what are we looking at? Is it a buyers market… a sellers market? Are home prices going to keep coming down, or will they start going up? How about foreclosures? Well let’s take a look at the latest statistics and see if we can’t figure it out shall we? Modesto Home Sales Prices Take a look at the graph below to see the sales prices for Modesto over the last year. Click Here To See The Original Article At Lovely Modesto Homes For Graphs And Pictures As you can see, we’ve had some pretty large swings over the last year so let me explain why. First of all, the peaks and valleys may look big on the graph, but take a quick look at the prices. The change in dollar value is only ab...
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By Dan Phipps
(America's Realty Associates)
So how’s the market? That’s the million dollar question. The question everybody, including you, want to know. So what are we looking at? Is it a buyers market… a sellers market? Are home prices going to keep coming down, or will they start going up? How about foreclosures? Well let’s take a look at the latest statistics and see if we can’t figure it out shall we? Modesto Home Sales Prices Take a look at the graph below to see the sales prices for Modesto over the last year. Click Here To See The Original Article At Lovely Modesto Homes For Graphs And Pictures As you can see, we’ve had some pretty large swings over the last year so let me explain why. First of all, the peaks and valleys may look big on the graph, but take a quick look at the prices. The change in dollar value is only ab...
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By Dan Phipps
(America's Realty Associates)
This week we have some top notch new listings that popped up in some of the best neighborhoods in Modesto. When you’re talking about great, and desirable, neighborhoods in Modesto, there are a few names that always come up. Names like the Lakewood neighborhood, Sylvan Meadows, and the Village One neighborhood all come to mind. Well this week, we have them all along with a few other nice homes thrown in for good measure. Modesto Home For Sale On Robbie Ave In Modesto The home for sale on Robbie Avenue in Modesto is a prime example of just how low the prices homes are getting. This home, which is listed by Rivers Realty in Modesto, is a simple three bedroom two bathroom home with close to 1300 sq ft of living space. Now let’s be honest. Robbie Avenue isn’t going to win any design awards....
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
Stanislaus County Short Sales - SOLD!!! We closed another Stanislaus County Short Sale on Friday 4/29/11.  This one was located in Modesto and was a Bank of America Short Sale.  This one took longer than most of my Bank of America short sales but in the end we got it done. The first buyer changed her mind on the property.   It seems she really didn't want to pay what she had offered.  And this was after getting the trustee sale postponed and the approval from BofA.  So we put it back on the market and got another offer on it right away. That's when the waiting started.  Most of the time working with Bank of America on a short sale is not too difficult.  Every thing is uploaded and all communication is done through Equator.com.  The key word here is communication.  With this new offer th...
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By Micheal Content, "Your Lifetime Mortgage Consultant" - #253594
(Summit Funding)
I am hearing this more and more, especially in our market where the fall was hard and the recovery slow.  It is a tough place to be...knowing that you can continue to make your house payment for years and never see the lightat the end of the tunnel.  I have conversations with people that have a great deal of integraty but struggle with this issue.  They start to rationalize it as a "business decision" and maybe they are right. Is there a solution...?  I don't know.  My thought on it is that for those who can afford to purchase another home...Do It...purchase another home but keep the one you are upside down in.  Let a renter offset as much of the payment as possible while you are catching the bottom of the market (we hope) on the new home.  If you have children plan on letting them inhe...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
Stanislaus County Short Sales and the Modesto Nuts! While I am a Stanislaus County Short Sale Specialist and spend a lot of time listing and selling short sales there are other things in Stanislaus County that interest me. Sometimes it seems like this part of the country only makes the news for the large number of foreclosures and short sales that we have.  I think Stanislaus County and the Central Valley in general is a great place to live. I am a huge baseball fan and have been for as long as I can remember.  Living here in Stanislaus County we are only about 90 minutes away from the Oakland A's and San Francisco Giants.  We also have a California League baseball team right here in Stanislaus County.  The Modesto Nuts are the class A affiliate of the Colorado Rockies. That's right the...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
Stanislaus County Short Sales - I need my car running its best! Being a Stanislaus County Short Sale Specialist I do a lot of driving.  In fact I also list and sell Short Sales in Merced and San Joaquin Counties.  I put on a lot of miles driving up and down the Central Valley. Since I am in my car so much I need it to be running it's best.  I need to be sure I am going to get to where I need to be when I need to be there.  I also need to know that my car is getting the best gas mileage possible.  With gas in Stanislaus County at $4.00 or more per gallon that is important. When I need work done on my car I take it to USA Auto Service Center in Modesto Ca.  They are located at 3300 McHenry Ave and their phone number is 209-524-3567.  Their technicians can do just about anything from an oi...
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