Gary and Nancy Frimann

Since so many people liked the pictures I posted of Eagle Ridge Golf Course, I've decided to post some more...
Most of these are of the Eagle Ridge Golf Course.

If you need information on buying a home in Eagle Ridge, please visit us on the web:

EAGLE RIDGE REALTY

EAGLE RIDGE NEIGHBORHOOD

Or, give us a call: (408) 846-8284

Nancy & Gary Frimann
Brokers / Owners
EAGLE RIDGE REALTY

Well, 3 homes have closed escrow since January 1, 2008.

The average list price was $941,333 and the average selling price was 866,666.
Pricing on homes over $1 Nillion were just not selling. Although just one is scheduled to close soon. IT was a bank owned proprty, and was listed at $1,050,000.

Information compiled from the MLS ALLIANCE, Inc. database from January 1, 2008 to February 17, 2008.

Should you have any questions about Homes for sale in Eagle Ridge, contact us or visit us on the web:

EAGLE RIDGE REALTY

EAGLE RIDGE NEIGHBORHOOD INFORMATION

(408) 846-8284

Gary & Nancy Frimann

Brokers / Owners

HOA Defined:
Homeowners Association - A homeowner association is comprised of two or more homeowners who belong to a membership organization for the maintenance of commonly owned real estate and improvements. It can range from a simple duplex up to a huge development with thousands of homes, condominiums and townhouses that maintain marinas, golf courses and other extensive facilities (often improvements like a tennis court or swimming pool for the development where the house is located).

I am writing this because as a Real Estate professional, and a Real Estate instructor, I often hear comments about HOAs. There is probably more misinformation out there than true information.
Homeowner's Associations are used for two or more dwellings, of which they are defined (meaning incorporated, or structured, as) either a Condominium, Planned Unit Development (PUD), or a Cooperative (Co-op).

A townhouse describes a type of structure, usually they have the living area on the ground floor, and the bedrooms upstairs. I often hear Realtors talk about condo and Townhomes as two different things (i.e. "it is not a Condo, but a town home") when there is no legal entity called "Townhome" or "Townhouse".

Anyway, Eagle Ridge is a PUD, meaning that each homeowner automatically "owns" (by ownership, it mean they have the right to USE, but not POSSESS, commonly owned land which is owned by the HOA) a fractional interest in the property controlled by the HOA. IT also means that there are CCRs in place, which are recorded with the County Recorder, thereby giving notice to the whole world. What is important here are two matters:

1) Any individual homeowner can enforce the CCRs against another homeowner. For instance, if a homeowner in the same development is 1/2 mile away from where you live, and parks their RV in front of their house (violating HOA rules, the CCRs), the non-adjacent homeowner has the right to file a complaint to get the RV removed, even though it does not directly affect their property (but affects the community) as they are not adjacent to the violater's property.
2) The fact that the residence (could be a commercial property, by the way, such as an office condo) is under a HOA, it must be disclosed to the buyer within the time frame specified under the contract (CA law). If a buyer is or was unaware of the fact that the HOA was in effect, they may withdraw from the contract and receive their deposit back, if they cancel under that provision of the contract.

What people and society have discovered, is that homes with these "restrictive covenants" in place generally maintain their value better than communities without them. Yes, there are monthly or quarterly dues to pay, but they far outweigh the detriment to the neighborhood that may occur...

I will write more about this in my next writing. If you have any questions, pleas e feel free to call at the number
below. Incidentally, the Dept. of Real Estate added a class called "Homeowners Associations" to its list of approved electives to for a Brokers License. I believe I am the only Broker, perhaps agent, in the entire South County to have taken this class!

Life is good in Eagle Ridge!
Gary Frimann
Broker / Owner
Eagle Ridge Realty
"Our Performance Will Move You!"
(408) 846-8284
EAGLE RIDGE REALTY
Eagle Ridge Neighborhood

Hello everyone,

Well, I just got my new features added to my website. What I've added is an amazing tool, I found it from a local vendor/developer. It shows every home for sale in EAgle Ridge that is on the Multiple Listing Service.

The listings also feature size and price, along with map capabilities. It is pretty awesomw and is the exact tool I've been looking for since I started my webpage in 2002.

You can acccess it here: HOMES FOR SALE IN EAGLE RIDGE

It also shows what is for rent (that is posted on the MLS) and what lots are for sale.

Further, the map can be moved to adjust for any home that is listed qithin range of the Multiple Listing Service (MLS) so please feel free to use it for your purposes.

You may also find out more information about the wonderful golf community of Eagle Ridge at our other website
EAGLE RIDGE NEIGHBORHOOD

Keep us in mind, should you be looking to sell your home, or buy a home, in the wonderful golf course community.

Gary and Nancy Frimann, Realtors
Broker/Owner
EAGLE RIDGE REALTY
"Our Performance Will Move You!"
(408) 846-8284

Here are some pictures of the beautiful Eagle Ridge Golf Course in Gilroy, CA

One can see that it truly is beautiful, which makes it a fabulous place to live.

EAGLE RIDGE REALTY (408) 846-8284

Visit us on the web:
EAGLE RIDGE REALTY

EAGLE RIDGE NEIGHBORHOOD