Hillsborough, Burlingame Luxury Homes Real Estate

Could Belmont Have Hit Bottom and Now Be Rising?

Tuesday is our Broker Tour Day.  We get a list of all new listings available for us to see on Tuesday by late afternoon on Monday.  Belmont, generally one of the hidden gems in our Fantasy Island had 10 homes over $1 Million Dollars today. Belmont had a total of 14 new properties on tour.  Thats saying something.

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Ive been showing short sales listings lately.  I have a client who thinks theyre the way to go.  A good deal.  Bottom fishing.  Guess what?  They may not be all you think they are.  You may find that youll end up paying past due taxes. If Home Owner Association dues are past due the association can place a lien against the property and all liens have to be cleared in order to have a clear title for a purchase.  Kching, Kching, Kching.

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This is a heat map of the homes in default in the cities surrounding the San Francisco Bay.  Check out the pretty colors. Light orange means nothing much is happening.  Light red says things are beginning to simmer.  Medium red says we're on a low boil.  Dark red says they're boiling.

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What it is about Spring that requires everyone to clean?  When the weather is as glorious as it is right now, who wants to stay inside or in the garage getting sweaty and working hard?  No one!  We want to be outside playing.  But if your garage looks anything like ours, doing a Spring Cleaning just might make the Summer more fun and enable you to find those summer toys hidden somewhere in the middle of the mess.

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I am asked quite often about buying Short Sales and houses in foreclosure.  I really don't like to work on short sales because there are too many things out of any one's control within the deal since ultimately the bank being shorted has the absolute final say on whether or not the sale goes through.  Foreclosed houses are another thing.  They really can be good buys.  But San Mateo County, and specifically the communities we focus on, Millbrae  south to San Carlos has not seen many of these. Yet.  This may change but then again, it may not.

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