San Jose Real Estate Market Is Booming At Villa by boj84462

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									San Jose Real Estate Market Is Booming At Villa Valencia With
Payments Less Than $1,000 Per Month

Villa Valencia launches into the San Jose real estate market with more than 100
buyers showing interest in its luxurious townhome and condominium units within the
first two weeks of opening. Through the Down Payment Assistance Program, eligible
homebuyers can purchase a new San Jose home at Villa Valencia for less than
$1,000 per month for a limited time.

April 17, 2009 (FPRC) -- SAN JOSE, CA – Villa Valencia, a luxurious condominium community near
Santana Row, recently announced that within the first two weeks of opening, more than 100
prospects have visited the beautiful townhome and condominium community. An eligible San Jose
first time buyer can enjoy payments as low as $1,000 per month at Villa Valencia through the city’s
current Down Payment Assistance Program for a limited time. The $1,000 monthly payment is
calculated using a 5.125% interest rate on a 30-year fixed mortgage based on 20% down.

With the Down Payment Assistance program, the City of San Jose provides qualified homebuyers
with up to 20 percent down payments on first time purchases. Income restrictions and other
conditions may be applicable, so interested parties are encouraged to review full program details at
http://www.sjhousing.org/downloads/VillaValencia.pdf.

“With the lowest prices for new construction in the San Jose real estate market, buyers are flocking
to Villa Valencia to take advantage of additional savings through federal and state credits and tax
advantages. Buyers are excited to learn than a first mortgage at Villa Valencia can be a tremendous
savings over renting, putting more money in their pocket,” says Joanne Leeke, Community Sales
Manager of Villa Valencia.

Approximate monthly rent in the highly popular San Jose area is currently $1,500 to $1,800, making
purchasing a new home at Villa Valencia an appealing and cost-effective housing alternative.
Through the Down Payment Assistance Program, Villa Valencia is extending City assisted loans up
to $60,000 towards each qualified homebuyer’s purchase for a limited time, with the remainder of
the home price being financed through private lenders and existing household funds.

In addition to offering the lowest priced new construction in the city, Villa Valencia is also located
nearby vibrant and exciting Santana Row, making it an ideal choice for buyers looking to purchase
new San Jose homes. Because of its premier location, many homes at Villa Valencia offer
breathtaking mountain views, and select upper level units also feature spectacular views of the
valley. Starting from $229,000, each spacious unit at Villa Valencia is well appointed with many
luxurious standard features, including maple or cherry stain cabinets, granite countertops,
contemporary appliances, and a one-car parking space in the community’s convenient gated
underground garage.

Two bedrooms start at $334,000 and two bedroom townhomes start at $386,000.

“With more than 100 people showing interest during our pre-grand opening weekends, buyers need
to move quickly to take advantage of Villa Valencia’s unbelievable prices. With first mortgage


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payments starting as low as $1,000 per month with 20% down for new construction homes in the
popular Santana Row area, Villa Valencia is exploding into the San Jose real estate market," says
Leeke.

About The Reiser Group: The Reiser Group is a leading sales and marketing agency to residential
property developers and specializes in new home sales throughout California and Nevada. They are
committed to providing customers with the best service when purchasing a new home. The
company has a network of mortgage brokers and title companies to make purchasing a home in the
San Jose real estate market as simple as possible.

Contact Information
For more information contact Joanne Leeke of The Reiser Group
(http://www.liveatvillavalencia.com)
408-786-1021

Keywords
San Jose homes
San Jose area
Santana Row area

You can read this press release online here




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