Interested in Buying or Selling Danville Real Estate? is a post from: Danville Homes For Sale-Danville Real Estate

The Danville Real estate market is still active with low inventory and stable prices.

We have seen the inventory levels in Danville drop of the last year. However, over the last month the levels have stabilized while sales have continued to increase. What this has caused is a situation where the inventory absorption rate is at a flat 1 month. And while we are seeing many homes sell in less than a week with multiple offers there are still some that have been sitting for months. A closer look at the statistics will show a drastic difference in price per square foot for Active homes compared to Pending and Sold. We have seen more short sale listings come on the market but foreclosures have all but gone away. The bottom line here is that homes are selling well but the buyers are not overpaying and are still looking for value.

Current Danville Real Estate Statistics:

There are currently 113 active listings for single family detached homes in Danville. The average list price for these homes is at 1,244,275 with the highest priced listing at $3,995,000 and the lowest at $520,000. The average price per square foot for these homes is $415 and the average days on market is 69 days. There are 112 Pending sales in Danville with an average list price of $928,816. The highest priced pending sale was listed at $3,498,000 and the lowest at $466,900. The average price per square foot is $340 and the average days on market is 56 days. Since February 1 there have been 25 closed sales. The average sales price for these homes is $841,490 with the highest priced sale at $1,450,000 and the lowest at $450,000. The average price per square foot for these sales was at $319 and the average days on market of 32 days.

Section 3: What Every Buyer Must Know about Escrow and Closing on a Home is a post from: Danville Homes For Sale-Danville Real Estate

This is section 3 of our video series “How to Find, Secure, and Close on Property”. This section is specific to the escrow process and offers valuable information on the Due Dillegence portion of the home buying experience.

Video 9: Inspections

In this video we focus on the inspection and disclosure review and offer some key advice for proceeding through the maze of paperwork.

Video 10: Loan Approval and Contingency Removal

This video discusses the Loan approval and contingency removal periods. During this process all of the pieces are fit together. At this point you are really fully committing your self to purchasing the home. There can be a lot of anxiety and frustration and this video will not only prepare you for what to expect, but also offer some key advice for successful navigating this final stage.

Section 2:What You or Your Agent Must Know When Writing Offers On A Home so you don’t Come Up Short is a post from: Danville Homes For Sale-Danville Real Estate

In this section we discuss what is necessary in order to put your offer in the best light and increase the liklihood of acceptance.

Video 7: Determining Price

This is video 7 in our series and it lays out how to draft an acceptable offer. In this video we focus on finding the right price for your offer and what to avoid when deciding on a homes worth.

Determining a price is vitally important when drafting an acceptable offer. There are many variables to consider in this process. With most sellers the first thing that is considered when looking at an offer is price so a clear understanding of this process is paramount in the development of your offer.

Video 8:Deciding on Terms

This is video 8 in our series and will teach you what works best when deciding in the terms for your offer.

The terms can make or break a real estate deal and we offer some ideas for presenting your offer in way to protect you and make it desireable to a seller.

Section 3: Navigating the Escrow Process

Section 1: “The 6 Crucial Home Buying Steps That Will Cost You If You Overlook Them.” is a post from: Danville Homes For Sale-Danville Real Estate

In this series of video’s we explain how to find a home. While this may seem obvious and easy to most, it is by far the most important aspect of purchasing a home and if not performed correctly can lead to frustration and waisted money.

Video 1: Your Motivation

This video will lead you through process which will help determine your motivation for buying. Without the proper motivation you may waist a lot of time and energy.

Video 2: The Loan PreApproval

The loan preapproval is key to looking for a home. Unless you are paying all cash it is imperative that you go through this process so that we are actually looking at homes that fit your financial parameters.

Video 3: Determining your criteria for a home

Here is where you actually decide what you want, in detail, so that the home search can be refined to look at only homes that fit your needs.

Video 4: Your Financial Package

When looking at homes and preparing to write an offer it is vitally important that your “Financial Package” be understood.

Video 5: Mental Preparation

During the home buying process there may be times where frustration sets in. This video will make you aware of some of the pitfalls that may be experienced while searching and how to mentally deal with them.

Video 6: How to properly look at homes

Without a clear plan the home searching process can easily be derailed. This video teaching you how to stay on track and maintain focus on what you really want.

Well that’s it for section 1 of “How to Find, Secure, and Close on Property” Section 2 will teach you o the proper way to formulate an offer.

The following link will take you to section 2 of this series. Securing your home.

What Changes are we Seeing in the San Ramon Real Estate Market is a post from: Danville Homes For Sale-Danville Real Estate

The residential real estate market in San Ramon has changed dramatically over the past year. We are now seeing some signs that the downward trend for inventory is beginning to reverse with more homes coming on the market. The following video discusses the current market and provides a recommendation for those home owners who may be considering selling their home.

What Every Buyer Must Know In Order To Keep Their Sanity, Save their Energy, and Save Money especially If Buying Before April 30th! is a post from: Danville Homes For Sale-Danville Real Estate

The following information is intended to introduce a new Video Series we have produced to help buyers in this market.  The series is titled “How to Find, Secure, and Close on properties”. The reason we feel that this video is so important is that we are seeing some serious mistakes being made which are costing buyers their valuable time, causing frustration, and actually costing them money:

One of the things we are seeing some buyers do in this market is what I call “Chasing a Phantom Home”. This is when a buyer knows that they want to buy a home but has not clearly defined what they are looking for. Basically just looking until something feels right. We address this issue in Section 1 of our series. Conversely we are able to help many buyers by insuring that they are completely prepared for the process thus eliminating the costly search process and saving them alot of time and in many cases alot of money.

Due to our current market conditions and the fact that many of the buyer incentive programs will be going away within a month or two, such as the First Time Home Buyer Tax Credit and the Feds policy of purchasing Mortgage Backed Securities, we feel that it is a perfect time to release this very valuable series of videos.

Section 1: Finding a Home

Section 2: Securing a Home with a Great Offer

Section 3: Navigating the Escrow Process

30-year mortgage rates drop to 4.93% What does this mean for Bay Area Real Estate. is a post from: Danville Homes For Sale-Danville Real Estate

The following Oakland Tribune article reports on a drop in mortgage rates for 30 year fixed rate mortgages to under 5%. This drop is in spite of the recent Federal Reserve Board policy change for trading Mortgage Backed Securities. By trading Mortgage Backed Securities The Fed has helped to keep interest rates low but will end this policy on march 31 of this year. Most experts expect interest rates rise throughout the remainder of the year. This may make it more expensive to buy real estate in Danville, San Ramon, Alamo, and the entire Bay Area.

30-year mortgage rates drop to 4.93% – Inside Bay Area.

Is it a Good Time to Sell Danville Real Estate? is a post from: Danville Homes For Sale-Danville Real Estate

In the following video I discuss the current Danville Real Estate market as of Feb. 17, 2010. We have seen the market move from a pure buyers market to a sellers market over the last year. In addition we are seeing fewer Foreclosures than expected and more Short sales. Take a look at the following video and feel free to share this link with anyone you know interested in the Danville Real Estate Market.

The San Ramon Real Estate Market Update 2-15-2010 is a post from: Danville Homes For Sale-Danville Real Estate

In the following video I discuss the current San Ramon Real Estate Market. Specifically I focus on the current statistics for single family detached homes. We have seen the market stabilize in terms of inventory absorption rate but are still finding many short sale homes. Take a look and feel free to pass this link along to anyone you know who is interested in the San Ramon market.

Citi to let distressed homeowners stay for 6 mos. What does this mean for East Bay Foreclosures? is a post from: Danville Homes For Sale-Danville Real Estate

In a recent San Francisco Chronicle article it was reported that CitiBank will be establishing a pilot program which will allow homeowners to stay in their homes for up to 6 months after they deed the home back to the bank. The article quotes a statistic that 1 in 3 homes have mortgages more than the home’s value. This is an attempt to reduce the overall cost of foreclosure for those homeowners who don’t qualify for a Loan Modification or short sale. The program will be tested on 1000 homeowners in the Mid West. There will no immediate effect on Danville Real Estate, San Ramon Real estate, or Alamo Real Estate but if it is successful may provide an alternative to some homeowners.

Citi to let distressed homeowners stay for 6 mos..