Here is a little information on home warranties for resale and new homes.
Resale Home Warranties-
When you purchase a resale home, you can purchase a home warranty plan that will protect you against most ordinary flaws and breakdowns for at least the first year of occupancy. The warranty may be offered by the Seller as part of the overall package, but if it is not offered, it is well worth the investment to purchase it yourself. A home warranty program will give you peace of mind, knowing the major covered components of your home will be repaired if necessary. Coverage for home warranty plans start with a basic plan with an option to purchase additional coverage for specific things like appliances, pool equipment, and air-conditioning. Your real estate agent will be able to provide you with names of local home warranty companies in your area. I suggest contacting the companies to inquire about their pricing, coverage, and deductibles for service calls.
New Home Warranties-
When you purchase a newly built home, the builder usually offers some sort of full or limited warranty on things such as the quality of design, materials, and workmanship. These warranties are usually for a period of one-year from the date of purchase of the home. At closing the builder will assign to you the manufacturer’s warranties that were provided to the builder for materials, appliances, fixtures, etc. For example, if your dishwasher were to become faulty within one year from the purchase of your newly built home, you would call the manufacturer of the dishwasher – not the builder.
If the home builder does not offer a warranty, BE SURE TO ASK WHY!
As of today, July 10, 2009 there are 232 Active listings on the Multiple Listing Service (MLS) in Pleasanton.
There are 159 Pending sales (58 of which are Pending Subject to Lender Approval as they are a Short Sale/Potential Short Sale).
From the period of July 1 – July 10, 2009, there were 16 Closed sales (escrow closed) with an average time of 42 Days on Market (DOM).
The lowest priced home in Pleasanton is at 4614 Cochise Court; it is a 2 Bedroom/1 ½ Bathroom, approx. 988 sq.ft. Townhouse offered at $255,000 (DOM 106).
The highest priced home in Pleasanton is at 3040 West Ruby Hills Drive; it is a 7 Bedroom/9.5 Bath, 6-car garage home, approx. 14,586 sq.ft. Single-Family residence offered at $10,000,00 (DOM 71).
As a California licensed real estate Broker I am constantly researching the market and analyzing home prices so I can serve you with the latest and most accurate information. As always, I offer my services to you as your neighborhood real estate specialist. For more information, contact me, or visit my website at: www.PattyManzi.com.
As of today, July 3, 2009 there are 230 Active listings on the Multiple Listing Service (MLS) in Pleasanton, California.
There are 150 Pending sales (59 of which are marked Pending Subject to Lender Approval as they are a Short Sale/Potential Short Sale).
From the period of June 1st – 30th, 2009, there were 77 Closed sales (escrow closed) of which 7 were marked as Short Sales, and 8 marked as REO (Foreclosed/Bank Owned), with an average time of 57 Days on Market (DOM).
The lowest priced home in Pleasanton is at 2110 Arroyo Court; it is a 2 Bedroom/1 Bathroom, approx. 810 sq.ft. Condo offered at $181,500 (DOM 2).
The highest priced home in Pleasanton is at 3040 West Ruby Hills Drive; it is a 7 Bedroom/9.5 Bath home, approx. 14,586 sq.ft. Single-Family residence offered at $10,000,00 (DOM 65).
As a California licensed real estate Broker I am constantly researching the market and analyzing home prices so I can serve you with the latest and most accurate information. As always, I offer my services to you as your neighborhood real estate specialist. For more information, contact me, or visit my website at: www.PattyManzi.com.
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