San Ramon & Danville Bank Owned Propterties

 

Danville, CA – On my last post we talked about the future of our market place.  I had mentioned how to make money in this real estate market.  Given the current market conditions you can make a lot of money by buying one the following Bank Owned properties.  These homes represent the best value.  Recently a client of ours purchased a 1 million dollar property for $695,000 with $13,000 credited for repairs.  Do deals like this exist? Yes , you are looking at them.  I also found properties in Antioch for under $50,000 with positive cash flow.

Bottom line is this if you want to make money then buy now and cashflow while the market comes back.  Then sell when everybody and theire mother is going to be buying real estate.  The Rockafellers and Vanderbelts all made themselves extremely rich during time of ecomic down trun.

I can prepare a list of investment oppertunities available right now in area.  So start making your fortune today call for a free list of investments.

To your success,

Sam Parwiz

sparwiz@rockcliff.com

925-219-5144

P.S. I am looking for smart investors to take advantage of todays great buys.

 

 

List Price	Address	Bedrooms	Baths	Sq Ft Apx	DOM
$439,900.00	117 Summerside	3	2	1542	76
$454,900.00	243 Ashley Cir	3	2	1292	19
$469,000.00	1413 ARIANNA LN	3	2	1605	89
$490,900.00	48 SPRINGSONG COURT	2	2	1405	26
$504,900.00	726 OLD CREEK RD	2	2	1440	33
$509,900.00	9871 Brunswick	3	2	1530	14
$519,900.00	7259 BRIZA LOOP	3	2	1419	29
$525,000.00	9766 DAVONA DRIVE	4	2	1407	43
$525,000.00	154 MEADOWOOD CIR	3	2	1558	112
$539,000.00	948 SPRINGVIEW CIR	3	2	1720	63
$581,900.00	2919 PINE VALLEY RD	5	3	2695	1
$594,900.00	2844 SOMBRERO CIR	3	3	1972	7
$595,000.00	686 SILVER LAKE DR	3	2	1553	40
$599,999.00	3239 Pine Valley Rd	3	2	2170	28
$740,000.00	8275 SATURN PARK DR	3	2	2543	41
$740,000.00	621 E SANTANDER DR	3	2	2718	40
$784,900.00	205 NANTERRE ST	3	2	2628	42
$799,900.00	20 LEEDS E CT	3	2	2459	98
$821,900.00	35 SUGAR PINE LN	3	2	2814	41

San Ramon Valley 2009 Real Estate Forecast

Danville, CA – As you watched the stock market drop every day for the last two weeks you are probably wondering what is going to happen in real estate?  The San Ramon Valley is still going to adjust in price until we hit the bottom.  So where is the bottom?  The bottom is going to be 10-15% below the market price of your home in 2003.  This is not my prediction this what former Fed Chairman Alan Greenspan said more than two years ago.  Right now, if you want to sell your home, we are at the 2004 price point.  I am willing to bet that if you bought your home in 2004, you can’t sell it right now because your real estate agent is asking you to reduce your price.  We saw this happen in places like Antioch and East County last year and half. 

Now we are feeling the pinch in the San Ramon Valley.  Many people along the 680 corridor from Walnut Creek to Pleasanton took out negatively amortized mortgages that are coming due this next year.  The full impact of these homes going into foreclosure will be felt in the next two years.  The light at the end of the tunnel is December 2010. 

In the meantime, if you don’t have an urgent need to sell just hang tight.  Otherwise if you have too sell and have the equity the sooner you sell the better off you are.  In my next blog, I will show you how to make money in this market…

Best Wishes,

Sam Parwiz

 

 

 

 

 

 

sparwiz@rockcliff.com

922-219-5144

www.PremierRealtorsTeam.com