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Home Buying in Discovery Bay : Real Estate Advice

  • All46
  • Local Info0
  • Home Buying27
  • Home Selling0
  • Market Conditions4

Activity 23
Mon Apr 27, 2015
Alexander Greer answered:
What is the property address? I would be more than happy to ask the listing agent for the HOA documents.

I do not check replies, so if you have a comment or question email me here:
AGreer@TheMortgageOutlet.com

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
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0 votes 1 answer Share Flag
Tue Aug 5, 2014
ashcoftop answered:
If you do not want to voice an opinion on my question then where can I search to find this kind of answers.
0 votes 1 answer Share Flag
Wed Aug 14, 2013
Hollie answered:
Thank you all.

It seems that the house 1412 Sail Ct can't access Delta. Am I right?


The closer to fast water the better?

Houses with exposure to east and water view are better? ... more
0 votes 5 answers Share Flag
Fri Aug 9, 2013
Corrien Faso answered:
Hi Luiso:

One of my investors owns a deep water dock home that has been a vacation rental for the past five years. The home has been rented the whole five years with the exception of this past December. The home was getting some upgrades. The HOA allows monthly rentals on this home. This home has been a very good investment for client.

The home recently went on the market. It is fully furnished and the owner is willing to sale the home with all the furnishings. The address of the home is 2166 Sand Point Road, Discovery Bay.

We also have a rental handbook and vacation lease agreements. If you would like to learn more about this home and the profit of the home, please call me at 925-368-8638 or email me at crfaso@comcast.net. Or visit my website: www.RealEstateInContraCostaCounty.com

Corrien K. Faso
Realtor, GRI, CPM, CNE, CDPE, QSC, ePRO, MRE, REPC
Realty World - Pigati & Russell Realtors
100 Cortona Way #150
Brentwood, CA 94513
crfaso@comcast.net
925-368-8638
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0 votes 6 answers Share Flag
Wed Apr 24, 2013
Donald Farrow answered:
A couple of years ago you would have been wise to find a foreclosure specialist. It was a specialty market and some of us went through some extensive training and certification to become experts. The two major certification programs are Five Star REO Certification and CDPE (Certified Distressed Property Expert). I have them both.
Today's market, though is getting back to normal. Out of the 40 active listings in Discovery Bay, only 2 are REO's (foreclosures) and only 1 is a short sale. My advice to you is to find someone who really knows Discovery Bay and who is very active in this market. Your focus should be on finding the right home for your needs - not necessarily focusing on foreclosures. Find a Realtor who will qualify your needs when it comes to lot orientation, proximity to fast water, sun exposure and other important factors.
An active Realtor can also help scout out the market to find the perfect home for you even if it may not yet be on the market. Please feel free to review my sites or to contact me if I can be of further assistance. Good Luck in your search.
Don Farrow
Broker Associate, Marples and Associates Realtors
925-234-0856
Don@DonFarrow.com
www.DiscoveryBayToday.com
www.BankOwnedSpecialists.com
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0 votes 5 answers Share Flag
Wed Apr 24, 2013
Esther Kennedy answered:
Discovery Bay has a mix of short sales, conventional sales and a few foreclosures. In the current market, many foreclosures are investor flips and are purchased at auction. I represent buyers for all three. I would be happy to set you up on a drip campaign so that you can preview the current
Active listings and choose homes that you would like to view.
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0 votes 2 answers Share Flag
Sun Apr 7, 2013
Esther Kennedy answered:
Discovery Bay is a wonderful community with waterfront, golf course and gated communities with walking trails, community pool, decorative lakes and beautiful landscaping. The summers are much warmer than Nipomo’s 70-75 degree averages, with our 80-90 degree averages.

It is a perfect area for retirement with its nearby orchards and fields of strawberries, with over 40 farms in the vicinity that produce fruits and vegetables that are sold here and in many other farmers' markets in the bay area. That's as fresh as it can get!

You can walk to a golf course, drive 5 minutes to a winery and vineyard, handpick your own cherries and strawberries straight from the farm, have a choice among 50+ lovely parks, participate in the annual cornfest, and still be just an hour or so away from San Francisco.

Inventories of homes are low and homes are selling on the water starting from the low $500,000’s and in the gated communities of the Lake and Lakeshore homes are starting in the mid $300,000’s to mid $400,000’s. Here is a link where you can search for all homes that are available at www.DiscoveryBayHomesForSale.com. Feel free to contact me if you have any questions.
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0 votes 3 answers Share Flag
Sun Nov 25, 2012
Donald Farrow answered:
The lowest priced lakefront home is 1323 Discovery Bay Bl at $229,000. The lowest priced deep water home is 2122 Portside at $359,900. Both properties will need a little work. For an updated list of active homes in Discovery Bay go to www.DiscoveryBayToday.com and click on the fifth tab down titled "All Discovery Bay Homes for Sale" This link is updated directly from the MLS in real time.
Call me if you would like more information 925-234-0856.
Don Farrow
Broker Associate
Marples and Associates Realtors
Discovery Bay
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0 votes 2 answers Share Flag
Tue Nov 20, 2012
Bhanson answered:
If your not ready to buy.....but are considering renting an Executive Home, ours will be available January 1, 2013

2003 Custom Built Turcott House
End of Culdesac (pie lot)
2,600 SQFT
3 / Bedrooms / plus Office
2.5 Bathrooms
3 Car Garage
Incredible Pool & Spa
Hardwood & Stone Flooring throughout
Professionally Maintained Landscaping (Asian & Mexican theme)

IMMACULATE

bhanson@bdgrowers.com
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0 votes 7 answers Share Flag
Sun Jul 29, 2012
Sandra Strobel answered:
Hi Patrick. I am a qualified, well respected agent specializing in Discovery Bay. I have a ton of experience with Short Sales and USDA purchases. Pleas give me a call if you are still searching for a Realtor. (925) 766-3791. ... more
0 votes 3 answers Share Flag
Thu Jun 14, 2012
Jeff Enslen answered:
Curious to know what came from this? Kid friendly, pet friendly and activity friendly you can't go wrong with the Discovery Bay area. The real estate market is great and homes here are close to all the things families want. ... more
0 votes 2 answers Share Flag
Fri May 6, 2011
Marston Myers answered:
Yes, deep water home prices are still coming down BUT on an individual basis. What do I mean by that? Many of the DW homes are Short Sales or Foreclosures and will not close at the "asking" price yet some are traditional sales. Depending on how much is owed on that traditional sale and the motivations to sell, the traditional sale may well come "down" to the market and be a much better value than the SS or Foreclosure sans drama.

Email me and I will set you up on a MLS search with your specific criteria so you will see what I see as homes come on the market.

Effective May 1, 2011 when working with me, Marston Myers, on a traditional sale, I will pay up to 1% of the purchase price towards your closing costs. Limitations may apply based solely on the Lender and Loan product you choose. In Discovery Bay that is about $3k to $8k in your pocket. I have been a Discovery Bay Realtor for over 10 years and Broker for 5 years. I am very familiar all the deep water neighborhoods pros and cons.

Best of luck with your search!

Marston Myers - Broker
Area Pro Realty-People's Choice
marston.myers@areaprorealty.com
925-262-8128
DRE#01305079
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0 votes 4 answers Share Flag
Sat Dec 4, 2010
Melissa Bliss answered:
Hi Jane-
I am very familiar with the Discovery Bay area. The Lakes is a beautiful community and I know several people who live there and love it! The prices of homes in the Lakes are such a steal right now. As a parent I know how important it is to be able to provide your children with great education. I live in Brentwood pretty close to Discovery Bay. My daughter is in Elementary school and one day she will be attending Liberty High School and I really don't have any concerns with her attending that high school in the future. I am honestlyy very proud to have my child in this school district. My family and I moved to Brentwood a few years ago and one of our reasons to moving here was the school district was much better than where we were living before.
On another note~ I believe in supporting schools because they are in desperate need of funds. If you were to buy or sell a home through me as your Realtor I will donate 10% of my earnings to the school of your choice. If I can be of assistance to you please give me a call or shoot me an email. 925.584.7058, melissa@homewithbliss.com
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0 votes 6 answers Share Flag
Wed Jul 21, 2010
Marston Myers answered:
There is one other option that I did not mention below. It has been fairly common in DB to buy an existing home in disrepair or original condition and then scrape the lot and build new. If you are looking for ultimate location this may be a great option. It costs approx $30k to scrape a lot. So if you find the perfect location with a REO or below market fixer it in the $400's, you can get the perfect location for less than the cost of an available lot only in a less than prime location.

Again, my job is to make sure you look at all of your options.

Marston Myers
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0 votes 6 answers Share Flag
Tue Jun 29, 2010
Karen Mann answered:
Hi Alex - I am an appraiser (30 years in the appraisal industry) currently located in the Discovery Bay area...I will recommend that you utilize a local realtor or Broker who is savvy to the nuances of Discovery Bay...and experienced in this type of transaction. You can contact me to get names and number of reliable representation in this area....you can reach me at karen@mannappraisal.com. Best regards ... more
0 votes 4 answers Share Flag
Tue Dec 15, 2009
Dave Sutton answered:
Hi Barbara,

I have to strongly disagree with Marston Myers when he says "...the Buyers agent commission does come out of the Sellers proceeds at closing BUT the price of the home is adjusted to compensate both agents."

The price of any home is set by the market place, and I think Marston knows that. Any home is worth what a qualified buyer will pay for it today. There is a big difference between that and what a seller would like to have for his home. The seller does not determine the value of his home - only the market place can do that.

Let's just take an example. If the market value of a home is, say $300,000 and the seller agrees to a 6% commission and "adjusts' the list price to $318,000 to compensate the agents, IT WILL NOT SELL AT THAT PRICE.

No home will sell for 6% more than the market value. Period.

The seller pays the 6% (or whatever is negotiatied between the seller and the listing agent) for a whole range of services from the listing agent (who pays for access to the MLS, advertising, brochures, refreshments at open houses, and on and on); the buyer's agent for bringing the buyer and both agents for negotiating a deal acceptable to both parties while minimizing the potential liabilities to buyer, seller and both agents.

If there's any Realtor out there who thinks they can sell a home for 6% over the market value, speak up!
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0 votes 6 answers Share Flag
Tue Sep 1, 2009
Craig Lawler answered:
Hollie,

While both areas are good for investors due to low prices, personally if I had to choose I would take Antioch over Tracy since it is still considered part of the Bay Area and therefore home values might appreciate faster when the market turns around. Also, Antioch has good schools and is close to BART.

My office is located in Antioch and I cover this area. If you are not already working with a Realtor, please check out my website to find out a little about me and let me know if I can be of service to you.

Thank you.


Craig Lawler
Security Pacific Real Estate Services
Craig@RealEstateCraig.com
Cell: 925-698-2581
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0 votes 2 answers Share Flag
Fri Feb 20, 2009
Bad Time To Buy answered:
The answer is "YES"...do not give them a dime. It might take a while and some mean letters, but you will be better off in the long run. "THIS IS A GREAT TIME TO RENT!!!!!"
0 votes 3 answers Share Flag
Tue Feb 3, 2009
Bernard Gibbons answered:
Hi Mitch:

October is a long way off. In your position I would set yourself a deadline of the end of July to get into contract. In the meantime, get to know the area as well as you can. Hopefully you are working with an agent who will take the time to show you around and explain the pros and cons of various neighborhoods to you.

Interest rates are very low now but I doubt they will raise too much in the next few months. Even so, keep an eye on them and be prepared to move quickly if they start to rise.

A final thought - you say you are gunshy - focus on bank owned foreclosures if you can. There are some great deals out there in this area. Remember that banks don't want to own property and they have no emotional connection.

Good luck to you.

Bernard Gibbons

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Bernard Gibbons, Realtor, e-PRO Certified Internet Specialist
J. Rockcliff Realtors, 15 Railroad Avenue, Danville, CA 94526
Phone (925) 997-1585
bernard@bernardgibbons.com
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0 votes 4 answers Share Flag
Fri Dec 5, 2008
Dave Sutton answered:
Another place for statistical information is http://www.city-data.com/city/Discovery-Bay-California.html
0 votes 4 answers Share Flag
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