Home Buying in 94582>Question Details

Don, Home Buyer in Fremont, CA

Is it a good time to buy home in San Ramon (Windemere or Gale ranch). And I have a long standing question;

Asked by Don, Fremont, CA Tue Sep 23, 2008

why they rate Gale Ranch properties low to Windemere. I don't see a reason. In addition, Gale Ranch has lower Property Tax.

Don

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Hello Don!

People move into San Ramon including Windemere and Gale Ranch due to the phenomenal school system and proximity to employment. Rates are low, first time homebuyer incentives are available and many homes are priced to sell!

Are you sure there is a large pricing differential? My studies, as reported in blogs show that the median home price for single family homes in Gale Ranch was $807,500 and the median home price for single family homes in Windemere was $813,500. That's less than 1% differential. The disparity is clear on attached homes/townhomes.

Gale Ranch sales data for August
http://vickiesellshomes.com/san-ramon-ca-real-estate-%e2%80%…

Windemere sales data for August
http://vickiesellshomes.com/category/san-ramon-ca/neighborho…

As a local real estate professional who lives and works in San Ramon I see the difference as personal preference based on some amenities. Windemere has more schools, parks and amenities but you are paying for them in terms of additional taxes. Most people don't walk more than 2 blocks in this day and age, so is it really more trouble to drive 2 miles to the park than 1/4 mile? However, I would point out that the homes on the backside of Windemere are a good distance from the freeway...but if you get way out on the edge you can back up to open space.

Please contact me anytime with your real estate questions.

Vickie Nagy
Realtor, Empire Realty Associates
(925) 407-7987
0 votes Thank Flag Link Tue Sep 23, 2008
Dear Don,

Hope you're having a great day! To add to the responses below, in regards to property tax, here's a response I had posted previously that you might find useful:

http://www.trulia.com/voices/Home_Buying/what_is_the_real_es…

Please let me know if I can be of any help to you in finding your dream home.

Thank you.

Warm Regards,
Zia

Zia Chernyak | Your Real Estate Professional
Platinum Club Realty Team | California Realty Group
Cell (925) 984-7671 | Toll Free (888) PLT-RLTY | Fax (925) 556-6104
zia@PlatinumClubRealty.com | http://www.PlatinumClubRealty.com

Visit our Blog at http://www.PlatinumClubRealty.com/OurBlog
0 votes Thank Flag Link Fri Sep 26, 2008
Don, if you like Gale Ranch, they buy there rather than Windemere. I personally more like Shappell's home. Without high Mello Roo's, its price is more straight forward.

However, you have to make sure you are away from power line. That will have major impact to your property's future appreciation.
0 votes Thank Flag Link Tue Sep 23, 2008
Hi Don, I think the answer depends on whether you approach this from a best price or best home perspective. There is a large amount of wisdom in the saying, "You don't wait to buy Real Estate, you buy Real Estate and wait." There are people out there not trying to time the market or predict where rates will be off in the future, and in the long run they will be rewarded, not because they bought at the low point of the market (that’s a quantitative measure), but because they snatched up a great house in the right neighborhood (a qualitative measure) because they didn't try to time the market. If rates improve after you buy to the point where it makes sense refinance. Getting a great rate on substandard home isn’t a win-win. Getting a great home with a current market rate is a much better deal.

Best Regards,

Steven A. Ornellas, GRI, ABR, e-PRO, CMPS, RE Masters, MBA
REALTOR® / Mortgage Banker-Broker / Certified Mortgage Planning Specialist

Steven Anthony Real Estate & Financial Services
Expect Excellence. Get What You Expect.â„¢
Cell: 510.461.6011
http://www.Steven-Anthony.com SteveO@Steven-Anthony.com
0 votes Thank Flag Link Tue Sep 23, 2008
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