April 2017

Found 8 blog entries for April 2017.


My first time home buyers recently closed on this amazing, modern, newly built home in San Leandro. They were a bit concerned when we began our home search due to the extreme competitiveness of the current East Bay real estate market. But our search only lasted a few weeks and the only offer that we wrote was for this super cool home, an offer which was accepted. My clients are not only first time home buyers, but parents as well. Their baby was born just a few weeks prior to us finding this house, so the timing couldn't have been much better! I wish them the best on this next chapter of their life and thank them for their business. A big thank you as well to my previous clients who recommended them to me!

Home features include:
-4 Bedrooms, 2.5

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Nestled in Upper Kensington, this modern dwelling, completed in 2015, is a rare find. Custom made to maximize views of the Bay and four bridges, it stands up tall and elegant. Stepping up to the front sliding door, you encounter breathtaking views of the Bays. The door opens up to a two-story open space with a cozy sitting area, and a casual kitchen and dining area. There is a huge deck in front to entertain your friends and family both day and night. Pure California style indoor/outdoor living is achieved effortlessly. The living room is toward the back of the house, where you can accommodate your guests....

More details?  Please visit: http://15garden.com/

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Emeryville is a small city with not too many food choices. Even though the Public Market is coming along nicely, it’s sometimes hard to know where to go for breakfast. I compiled a list of Emeryville (and Oakland) choices. I am sure there are a couple more, like the black bear diner and Denny’s. I am not a fan of big chains and that’s why I stuck with smaller places

  1. Doyle Street Café is a classical American breakfast spot (says the German…). You will find nice standard breakfast fare and delicious specials. I think their home fries are yummy. I like mine extra crispy. Open Mon–Fri 8AM–3PM
  2. Tribu could use a facelift, but the food is good. I get their breakfast burrito or chicken sandwich. Open Mon–Sun 7AM–8PM
  3. Chile Jalapeno
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This 4 BD/1.5 BA property is an ideal starter home or investment opportunity. The property has a large private backyard & spacious living/dining areas. Garage used as additional 5th bedroom/living area but can be easily converted back. Some TLC needed to bring this home back to its full potential.

Features include new double pane windows throughout, new HVAC system & water heater. Ideal commuter location. Just blocks from San Pablo Ave., freeway access and El Cerrito Del Norte BART Station. Excellent opportunity to own in the East Bay. Located on a wide and quiet side street with little through-traffic.

Ary Assadi
East Bay Modern Real Estate
510-833-9691
Ary@EastBayModern.com

 

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Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is to own your own home.

According to the Tax Policy Center’s Briefing Book -“A citizen's guide to the fascinating (though often complex) elements of the federal Tax System” - there are several tax advantages to homeownership.

Here are four items, and a quote on each, from the Briefing Book:

1. Mortgage Interest Deduction

“Homeowners who itemize deductions may reduce their taxable income by deducting any interest paid on a home mortgage. The deduction is limited to interest paid on up to $1 million

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Congratulations to my lucky seller who received 5 offers after only 10 days on market and the record high offer price: $735,000!

This 2 bedrooms and 2 bathrooms beautiful Jack London condo is a steal.  Beautiful inside and out. Ample lights. Great office area, to name a few.  

If you are thinking of selling your property in East Bay, please give me a call.  I would love to help you achieve your real estate goal.

 

 

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If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.

Jonathan Smoke, Chief Economist at realtor.com, revealed in a recent article that:

“The biggest challenge to buyers this spring will be simply finding a home to buy and getting it successfully under contract. That’s because the supply of homes for sale is at an all-time low, and yet demand is strong and getting stronger.”

Smoke goes on to say:

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There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.

Don’t Become Trapped

Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that,

“Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they’ll outpace home price appreciation in the year ahead.”

In the Joint Center for Housing Studies at Harvard University's 2016 State of the Nation’s Housing Report, they revealed that “The number of cost-burdened households roseto 21.3 million. Even more troubling, the number with severe burdens (paying more than 50%

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