What’s New? Chatter is rising again on the subject of re-adopting the tax break for first-time homebuyers at the federal level. A similar measure was introduced in 2008 and provided a credit up to $7,500 for first-time home buyers. This initiative could be structured as a zero-interest loan that is paid back over several years or as a full credit. (Marketwatch)
What’s New?Zillow Offers and other i-buying programs charge sellers fees that currently average around 7.5% of the price the company pays for their homes. That is 25-50% higher than a conventional real estate transaction with a licensed Realtor. So if commission is a factor when selling a home, why now all of a sudden would sellers be ok to pay enormously INCREASED fees/commissions to sell their home, unless of course, they were desperate to sell. And they would be paying this for a significantly lesser volume of service, time, infrastructure, not to mention the often lower prices these i-buying programs are almost certain to offer if they want to make any form of profit when they re-sell that property. Often the i-buyers improve the property and pocket the upside that would otherwise have gone to the seller.(Compass)
What’s New?On average, customers who sold their homes to an iBuyer netted 11% less than people who sold their homes on the open market, MarketWatch’s analysis found. (Marketwatch)
What’s New?A 40,000-square-foot 1930s-era trophy home perched above the Bel-Air Country Club that has twice set the record for highest price of a residential real estate sale in the U.S. was listed for sale at $225 million yesterday, making it the most expensive home publicly listed in the USA and a contender to unseat the current California record-holder for selling price: $119.75 million set earlier this year for the former Spelling manor in Holmby Hills. Of L.A. County’s 5 sales of $100 million or more, four have historical or architectural significance. (LA TIMES).
What’s New?In a recent survey 95% of respondents believed we have a civility problem, and 70% believed incivility has reached crisis proportions. Incivility impacts productivity, hijacks focus and creates stressful environments. (Mastering Civility)
111 Golden Ridge Road, Alamo, CA 94507
3 Bed | 2.5 Bath | $1,495,000 | The Julie Whitmer Team
Amazing Las Trampas views from this .23 acre lot in terrific Alamo neighborhood. Located on a quiet court in Bryan Terrace, this home offers easy living and unique opportunity. Vaulted ceilings, updated white kitchen with stainless steel appliances and granite countertops. All new Andersen doors and windows. New light fixtures. Hardwood floors, neutral carpet. New flooring in master bath. Walk to neighborhood pool and tennis!
3548 Ashbourne Circle, San Ramon, CA 94583
5 Bed | 5.5 Bath | $2,350,000 | Compass Listing
This exquisitely designed and maintained manor is a Norris Canyon masterpiece. 5 bedroom 5.5 bathroom, Office, 5,303 sf, 4 car garage. The front doors open to an expansive round rotunda reaching up above the second level delivering the abundance of light and space. The master suite features breathtaking views of the surrounding hillsides, reminiscent of the valleys of Tuscany. Each bedroom is large, and features its own full bathroom. The lush yard features an oversized spa that opens into unobstructed views of protected open space.
175 Pleasant Valley Dr, Walnut Creek, CA 94597
4 Bed | 3 Bath | $1,200,000 | Compass Listing
This estate features a main house plus a guest house all on a flat & useable .50 acre lot. The main house has a charming porch entry and a light and bright open floor plan with new interior paint and flooring. The guest house features 1 bedroom, 1 bath, laundry room plus a one car garage. The resort like backyard is highlighted by a sparkling pool, palm trees, and new fencing. Located on a tree lined street with convenient commute access.
425 1st Street, Unit 4706, San Francisco, CA 94105
2 Bed | 2 Bath | $2,085,000 | Compass Listing
Urban sophistication is redefined in this highly upgraded, condominium at the fabled One Rincon Hill. Once you enter the living area, you will be mesmerized with breathtaking views showcasing the world-famous San Francisco Skyline, Golden Gate Bridge, Sales Force Tower, Transit Center Park, Alcatraz, and The Ferry Building. The interior features high ceilings, dual corner floor-to-ceiling insulated glass window walls, and an expansive glass railed patio. The Chef's Kitchen boasts professional-grade appliances from Bosch and Sub Zero. Living at One Rincon allows you to indulge in hotel-quality amenities including access to Uncle Harry's Penthouse Lounge at The Harrison.
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Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity.