Luxury Insider: The Year of the Condo

By Alain Pinel, General Manager of Intero Prestigio international, Intero Real Estate Services, Inc.

In the real estate residential arena, as everybody knows, the dynamic duo is made of Single Family Homes and Condos. In some towns, SFH represent 100% of the housing stock. In some districts of large cities, condos (together with co-ops) represent 100% of the stock. For the most part, they cohabit in harmony, as they serve different needs for different people.

Since towns, at this point and going forward, are far more likely to grow vertically than stretching horizontally due to the lack of buildable space where people want/need to live and work, condos keep on mushrooming very quickly on the land.

2 Homes on 1 Lot - For Sale - 328 4th Street, Gilroy

As you can see from the pictures, this property needs some work. This is an AS IS sale so we got all the inspections (Property, Roof, Termite) and have the reports, along with the title report at the property and available to email to you. We’re going to have 328 open on Saturday & Sunday because it is vacant. The other house, 324, is rented so we’ll make an appointment for you to see that one. Just contact us. This is a probate sale, but it does not require court approval.

Property Flyer.

Home for Sale: 68 Victoria Drive, Gilroy

Excited to have a beautiful new listing. Don't miss seeing it even if it's not the home for you because it is so meticulously maintained and presented. A real show piece!

HouseLogic is producing some video tips about buying and selling real estate. Here's a sample, this one about getting ready to buy a home. Let us know how you like it. If there's enough interest we'll post more.

Online Search for Homes for Sale - Get the Whole Picture

Gino Blefari, CEO Intero Real Estate, is very proud of the Intero website, and all the bells and whistles available to help home buyers and sellers. This article is about searching for a home through online search services. The Intero website is: http://www.interorealestate.com/.

Buy-Of-The-Week in Gilroy

Looking over shrinking inventory in Gilroy, we've picked out a really good buy for just the right purchaser. This is a beautiful home that is available right away, and priced VERY attractively at $399,000. Contact Team Patereau to schedule a viewing - and do it today - at this price, and in this condition, this one is going to be gone before the week-end is here.

Here's the specifics on the home:













And here's a picture of the cute and clean kitchen:


But wait - here's the back yard:

No kidding - call or email TODAY!

Buyers Welcome!

Real estate transactions are happening in Gilroy. Inventory is moving downward and neighborhoods are filling up. As an example, the last two homes in our immediate neighborhood have gone into contract.

With sales comes financing - and there is money to loan for residential purchases. The caveat is that it's not easy to qualify for it.

There's a lot of info out there about what it takes to get a residential real estate loan today, with the significant and first thing being that a buyer has to have money - a down payment. After that, buyers have to prove that they can make the payments, and that's the part that's taking a great deal of time. Very few escrows close in 30 days anymore.

Here's an article on what lenders look for nowadays.

Team Patereau has had success in guiding buyers through transactions this year. We have good lenders to refer our buyers to, and we help them every step of the way. Contact us as the first step in your journey to purchase a new home.