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The Real Estate Informer

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July 2005


The Art of House Hunting: 8 Tips to Help in Your Search

Armed with your down payment and your pre-approved mortgage loan, the next step is finding the house that will best meet your family's needs. With realistic expectations, patience, and plenty of research, you'll be well on your way.

Once you narrow it down to the neighborhoods you like, you'll want to determine the maximum house price you can afford. Even though you're pre-approved for a set loan amount, it doesn't mean you can afford it. You'll want to factor in other expenses, including retirement and college savings, vacations, and home maintenance and repairs, when you calculate how much you can afford for a monthly payment. And don't forget to budget for homeowners insurance and property taxes.

Next, differentiate your needs versus your wants. You need three bedrooms, but a fourth room would be nice for a play room or guest room. You need a two-car garage, but a larger one would be nice for storage. You need a functional kitchen but want hardwood floor. You need two bathrooms but want a luxurious master suite. You get the picture.

As you begin on your house-hunting venture, you may want to prepare a checklist, perhaps in a table form on your computer. Break it down between exterior and interior characteristics. Make notes on each feature and give each a 1 to 10 score.

Some of the exterior features to rate might include size of yard, quality of fence, paint condition, roof condition, window conditions, garage, back yard. When it comes to interior, think about square footage; the floor plan; condition of walls; the size, quality, and functionality of the various rooms; and closet and storage space.

Your checklist should also include any other general factors you deem important - the amount of traffic, the appearance of the neighborhood in general, safety in the area, the reputation of local schools, etc.

Meanwhile, Freddie Mac, the stockholder-owned corporation chartered by Congress in 1970 to create a continuous flow of funds to mortgage lenders in support of homeownership and rental housing, and other industry experts make additional suggestions, including:

Take a camera with you to capture an image of each house you look at that makes it to the "maybe" list.

Don't make a hasty decision, especially if you feel yourself becoming guided by emotion. Selecting a home takes time, thought, and analysis. You should carefully weigh the pros and cons of each house you like.

Review your checklist and notes and compare it against your needs, wants, and budget.

Bring your spouse, friend or family member with you to get a second opinion. They may notice a shortcoming that you've overlooked.

Find out how much utilities and maintenance cost.

Stay on top of newly listed houses via a Multiple Listing Service on the Internet.

Remain in close contact with your agent. This is extremely important if you're in a strong seller's market in which homes that are priced right go fast. You want a good agent who will alert you of new listings and who will show you the houses as soon as they're listed.

Be prepared to look at the potential of a house rather than what you see in front of you. Set your priorities and decide what can be sacrificed. It's more important that the layout of the house and the number of bedrooms you need fit your needs and that all major systems are functional versus your dislike for the avocado green carpet or the lack of landscaping. Those types of cosmetic shortcomings can be easily remedied once you buy the house.

If you find a house you like, offer a competitive bid. Keep in mind you'll likely be competing against other offers - especially if interest rates stay low and the spring buying season is in full bloom.

And don't forget - once you make an offer, make it contingent upon the findings of a professional home inspection. If any major defects surface, you'll want to have the leverage to renegotiate or back out of the deal completely.

 

 

“The Art of House Hunting: 8 Tips to Help in Your Search” by Michelle Dawson

 


 

Restaurant Review

 

Faz Restaurant & Bar, 600 Hartz Avenue, Danville

Food always seems to taste better when eaten outdoors and while Faz Restaurant and Bar offers diners the choice of dining inside or outside, it is immediately apparent that the preference of most is for outside. And no wonder, with the impressive redwood deck capable of seating 280 people set amidst tall redwood trees and with a little waterfall cascading down a stone wall on one side. Large table umbrellas and soft candlelight complete the picture and the area remains quietly intimate even when filled to capacity.  Gas heaters abound and even on cool evenings the deck is often filled to capacity. There is a large bar area with a grand piano just off the deck and piano music drifts through the open doors to enhance the ambience even further.

I have been coming to Faz for over 12 years now and always choose to dine outdoors unless it is too wet or too cold. The menu is based around Mediterranean cuisine and is very cleverly planned so that one can dine here at a variety of different price-points. Affordable pizza and pasta dishes rub shoulders with more expensive dishes like duck or steaks (the rib-eye is definitely recommended). Some of the pasta dishes are quite complex and original and are invariably very good.

On being seated, one is immediately presented with a basket of home made breads – a Middle Eastern flatbread and some of the best focaccia bread I have tasted anywhere. Waitstaff are generally friendly and helpful although some may find the service a little slow at times. An authentic Mediterranean touch perhaps?

The menu is fairly short and the wine list is typical for the level of restaurant with a good selection of California varietals at reasonable prices. Starters include calamari, smoked salmon and Greek salad and in addition to those entrees mentioned above, others include kebabs (owner Faz Poursohi has a Persian heritage) and rack of lamb. A specialty of the house is fettuccini Marco Polo, shrimps in a mild curry sauce served over pasta. Outstanding!

If you have room for a dessert (I never do), try the excellent tiramisu or seasonal fresh berries with crème fraiche.

Faz is one of my favorite restaurants in the San Ramon Valley although I have to admit that the main reason is that I love to eat in such outstanding surroundings. If I had to eat inside, it would have much less appeal. Not that there is anything wrong with the dining room but anything would seem distinctly ordinary in comparison to the outside.

Reviews such as the one above are included as a service to introduce people to interesting restaurants in the San Ramon Valley. They should not be taken as any form of recommendation. We have no connection with any restaurateurs in the area and all opinions expressed are strictly those of the writer.

 


 

Homes Currently Offered For Sale on the Contra Costa MLS as of July 8th, 2005

(Figures in parentheses show the numbers at the beginning of last month)

 

 

City

# of Homes

Price From

Price To

Alamo

44 (46)

$749,000

$2,295,000

Blackhawk

38  (40)

$825,000

$10,999,000

Danville

112 (93)

$499,950

$4,900,000

Diablo

13 (14)

$2,395,000

$6,900,000

San Ramon

90 (83)

$249,950

$2,980,000

Walnut Creek

97 (92)

$249,000

$2,965,000

 

 

 


LISTING ALERTS: Click here to get details of all new listings that could interest you sent from the Contra Costa / Alameda Multiple Listing Service direct to your email in-box



San Ramon Valley Market Update

Information To Help You Understand The Value Of Your Biggest Investment

Most Recently Closed Sales In Alamo, Blackhawk, Danville , San Ramon and Walnut Creek

(Sorted By City and Price)

Address

City

Cross Street

BR

Bth

½ Bth

SqFt

Lot Sq Ft

Price

DOM

2100  Granite Drive

Alamo

Miranda

4

2

1

2164

23165

$1,195,000

45

40  Provo Ln

Alamo

Smith

3

2

1

2600

43995

$1,295,000

4

108  Regent Place

Alamo

South Avenue

5

3

0

3658

22000

$2,049,000

6

623  Oakshire Pl

Alamo

On Oakshire Plac

3

2

1

3400

50093

$2,099,000

6

19  Cole Court

Alamo

Stone Valley

5

4

1

5601

46609

$2,395,000

16

24  Live Oak Way

Blackhawk

Live Oak Drive

2

2

1

1817

8400

$959,000

6

3136  Fox Creek Dr

Blackhawk

Blackhawk Meadow

4

2

1

3500

6700

$1,399,999

24

33  Deer Meadow Place

Blackhawk

Deer Meadow Dr.

4

3

0

2699

8250

$1,479,000

44

413  Full Moon Way

Blackhawk

Silver Maple

4

3

1

3844

14160

$1,699,000

7

554  Blackhawk Club Dr

Blackhawk

Blackhawk Drive

3

3

1

3832

40430

$1,848,000

47

4413  Deer Ridge Rd

Blackhawk

Blackhawk Drive

4

3

1

5481

20300

$2,495,000

69

1552  Mission Drive

Danville

Mission Place

3

2

1

1638

2520

$614,950

7

221  Jewel Terrace

Danville

San Ramon Valley

3

2

1

1742

3075

$649,000

14

20  Serene Court

Danville

Joaquin

4

2

1

1511

4242

$695,000

12

2102  Presidio Ct

Danville

Silver Lake

3

2

0

1553

3660

$709,900

5

170  Maiden Ln

Danville

Cameo

4

3

0

2046

10115

$899,000

7

693  St. George

Danville

Doral

4

2

1

2137

6000

$979,000

6

312  Sunset Drive