Monday, August 31, 2009

New Homes at Modern Ice, Very Nice.

New Homes at Modern Ice, Very Nice. I’ve been working with several buyers in the San Jose area in the $400,000 price range who have been looking for a foreclosed home to buy. Since the market has heated up in that market segment, some have decided to take a look at a new townhome complex in San Jose called Modern Ice. It’s located off of Highway 101 and 13th Street, not too far from downtown. What a pleasant surprise. As opposed to some of the smelly fixers we’ve been looking at (I’m not being funny here) these homes were beautiful. The architect certainly made excellent use of the floor plan. Sometimes you walk into a 1,500 square foot home and wonder where they put the rest of the house and other times you think they forgot to measure one of the rooms because it feels so big. These homes are spacious and give you a feeling of privacy. They seem to be very well insulated. We even tested one of the homes by turning up a CD player to play loud in the home next door. We didn’t hear a peep in the home my clients were interested in. The home my clients ending up putting their offer in came with an upgraded tile entryway, hardwood floors, granite slab counters, stainless steel sinks, stainless steel appliances, stone bathroom sinks and stone shower walls, We were also able to negotiate for the seller to give the buyers cash credits that they were able to use at the design center to customize their home with upgrades of their choice. These homes also have attached 2 car tandem garages with extra storage space. Considering all the other choices in this price range, these homes presented a good value for the money. You may have heard that there is $10,000 tax credit incenctive to buy a new home in California (thank you Arnold). While the state aggressively set a budget of $100 million for these homes, it has already been used up by first time home buyers. However, first time home buyers can still take advantage of the $8,000 federal tax credit (see previous blog for details) until the end of November 2009, so don't wait. Modern Ice is now building their next phase and move in times are relatively short. If you’d like more info, please contact me. (408) 247-4029

1 comment:

  1. Many may not perceived it but it is actually the best time to purchase a new home because of the advantages it offers such as lower price, lower interest rates, tax savings, more choices etc. So instead of wasting money in renting a place, buying something that can be an equity is far more better option.