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The golden deals are starting

Motivated sellers of non-REO homes are ready to deal

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The golden deals are starting

The home is in primo condition as the original owners have given it a lot of tender loving care and includes upgrades in the kitchen plus a hot tub and redwood deck.

DENNIS WYATT/The Bulletin


POSTED January 30, 2009 2:15 a.m.
Buying activity is to the point in the Manteca housing market that the available number of resale homes has finally dipped to less than a three month supply for the first time in nearly three years.

“Buyers want to buy now,” noted Carol Perdew of California Prudential Realty of buyers who are scrambling to take advantage of the best rates, best prices, and best resale inventory in decades.

Perdew and other Realtors will tell you a lot of people who want to sell and aren’t under financial duress have been on the sidelines creating an invisible inventory. Some of those home owners who want to make moves while prices for what they want to buy are much lower and while loans are around 5 percent, are now starting to put their homes up for sale and pricing them to reflect the foreclosure market.

Perdew has clients who listed their home at 1453 Wawona Street this week so they can move into a retirement community to take advantage of low prices there as well as low loan rates.

It isn’t you run-of-the-mill home offering either. They are the original owners of the two-story home with three bedrooms and two bathrooms within 2,258 square feet of living space that was built in 1986. The $263,950 asking price compares favorably to the nearby foreclosures especially when you look at the work that doesn’t have to be done. It is being featured during an open house this Saturday from 1:30 to 4 p.m.

Not only does the house and yard show the tender loving care the owners put into it from day one, but they recently made $35,000 plus worth of improvements in the kitchen and both bathrooms, to the yard as well as replacing air conditioning and heating system.

The home has curb appeal even in the dead of a Manteca winter. Besides a well-landscaped front yard complete with a split rail fence, the front elevation has accenting brick work and architectural relief on the front facade that makes you think spacious and comfortable home and not a big box.

The double entry leads into a formal living room. Unlike in McMansions, the stairs have been tucked into the center of the floor plan to minimize footprint. The design also helps to separate the kitchen and breakfast nook as well from the front room. There is a family room with a fireplace flanked on both sides by windows.

The laundry room that is off the garage also has access to a downstairs bathroom effectively creating a mud room.

There are built-in cabinets in the upstairs hallway complete with counter area.

There is a redwood deck on a covered patio that includes a hot tub.

It comes with a deep RV area complete with concrete driveway that allows you to hide a big RV out of the view of the street or park two or three recreation vehicles such as trailers, boats, or other toys.

The home is designed for energy efficiency with dual pane windows, a whole house fan, and ceiling fans throughout.

The neighborhood is well kept and shows no scars from the foreclosure mess. It is within easy access of Union Road and the Highway 120 Bypass with all of the new shopping and entertainment options going in at the Promenade Shops at Orchard Valley. It is also within walking distance of Sierra High as well as Brock Elliot School.

For more information contact Perdew at 239-7979 or 481-3118.
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