I was featured on House Hunters Episode 5802, "Convenience is costly in the Bay Area". For a synopsis of the episode, details are available here: http://www.hgtv.com/house-hunters/convenience-is-costly-in-the-silicon-valley/index.html
Here is Part 1 of the Episode:
Here is Part 2 of the Episode:
Monday, March 26, 2012
Wednesday, March 7, 2012
My Recent House Hunters Episode!
Heartfelt Thanks!
First off a big thank you to all of you who tuned into my House Hunters Episode HNT-5802H that aired on March 6th at 7PM/10PM pacific on HGTV. I've had so many pings on all social networking feeds from co-workers old and new, friends all the way back until high school and people I interact with everyday. It is amazing how many people watch this show! Also a big thanks to Debs and Ken for getting me to audition! I was so busy last year but I am so happy that we did this! I will try to post a video if it is ok with House Hunters!
For those of you that missed the episode here is the quick snippet:
http://www.hgtv.com/house-hunters/convenience-is-costly-in-the-silicon-valley/index.html
First off a big thank you to all of you who tuned into my House Hunters Episode HNT-5802H that aired on March 6th at 7PM/10PM pacific on HGTV. I've had so many pings on all social networking feeds from co-workers old and new, friends all the way back until high school and people I interact with everyday. It is amazing how many people watch this show! Also a big thanks to Debs and Ken for getting me to audition! I was so busy last year but I am so happy that we did this! I will try to post a video if it is ok with House Hunters!
For those of you that missed the episode here is the quick snippet:
http://www.hgtv.com/house-hunters/convenience-is-costly-in-the-silicon-valley/index.html
Thursday, February 23, 2012
Q1 2012 Real Estate Update
A Big Thank You to My Clients!
First off I wanted to thank all my clients for your kind referrals and trust in my real estate services. In April I will be on my 9th year in the business, which has been fully based on your trust and referrals. I cannot thank you all enough as my clients for continuing to turn to me for all your real estate needs.
9 Year Anniversary Reflection
As I reflect on the last 8+ plus years in the business, what really drives me is being able to help people who are buying or selling the biggest assets of their lives. Most people don't buy and sell often enough, it is a daunting undertaking alone. I often get clients that work with agents that they don't necessarily trust or are having a tough time getting them to be responsive and to move quickly on their transactions. It was my own experience with an under performing agent that spurred me into this business. I wanted to build a business based on a high level of trust and integrity, guaranteed delivery on my promises, fast execution, as well as the highest levels of service as you deserve in the biggest transaction of your lives. This continues to be the case even as my business has grown, that are my foundational values that I operate on.
Keller Williams Awards
It is also with your support that I have been able to win 2 Top Agent Awards in my office; Top Agent Written Volume and Top Agent Closed Volume. It is an extreme honor as my office has over 200+ agents to be able to earn this amongst such strong performing co-workers.
Market Analysis
As I have mentioned in multiple blogs throughout the last 2 years, there is no recession in the Bay Area and Buyers are out fighting for properties. This demonstrated itself as 91% of my clients in 2011 were Buyers. 2011 showed competition in the good school districts which has always been the case, but overall reasonable opportunities with limited competition in other areas. Q1 2012 this has NOT been the case! Due to low inventory levels and a flood of Buyers in the market, there is competition at every corner. Just last week I had 4 Buyers contact me that they were interested in looking for homes.
Competitive Examples
Clients ask me why things are so different in the Bay Area than the rest of the country. The answer is Technology and the recent emergence of Social Media. Linkedin, Zynga and Groupon are recent IPO's that have brought equity to the valley, and most look to put these funds to purchase their first homes. With the upcoming Facebook IPO, there will be a flood of cash into the valley and Real Estate prices will sore. If you are a Buyer, I suggest moving quickly before the Facebook lockout period ends (usually 6 months after IPO). These Buyers will be paying cash and closing in 7 days and they will be tough to compete with.
Although the Bay Area is doing well, real estate continues to suffer in the rest of the country. Interest rates continue to be at their lowest rates which is also an opportunity for us in the Valley.
Recent Transactions
There have been a few new home developments last year, however most of them are sold out. In the Spring, Summer and Fall I am tracking a few more new home developments that are in progress. Ask me about them and I can keep you in the loop once they are released.
Summary
2012 will be another low home inventory and high buying demand kind of year; where there won't be enough homes to keep up with the Buyers which means competition. I am mainly speaking of Santa Clara County close to Technology companies, but there still are pockets of opportunities. If you are a Buyer be ready to compete with other Buyers. My suggestion is find your home, follow my strategies and it will put you in the best position to win these homes. The longer you take to adjust and question the situation, the more competition you will face later on and may even end up buying a home when things are at their peak.
If you are a Seller talk to me about a Selling strategy to maximize your home value, it's a great time to sell if you have solid equity in your home.
I am looking forward to a busy buying spree in 2012 for many of my Buyers. You can trust that the strategies I have will win you the home, thank you for your trust over the years and I look forward to serving your real estate needs.
First off I wanted to thank all my clients for your kind referrals and trust in my real estate services. In April I will be on my 9th year in the business, which has been fully based on your trust and referrals. I cannot thank you all enough as my clients for continuing to turn to me for all your real estate needs.
9 Year Anniversary Reflection
As I reflect on the last 8+ plus years in the business, what really drives me is being able to help people who are buying or selling the biggest assets of their lives. Most people don't buy and sell often enough, it is a daunting undertaking alone. I often get clients that work with agents that they don't necessarily trust or are having a tough time getting them to be responsive and to move quickly on their transactions. It was my own experience with an under performing agent that spurred me into this business. I wanted to build a business based on a high level of trust and integrity, guaranteed delivery on my promises, fast execution, as well as the highest levels of service as you deserve in the biggest transaction of your lives. This continues to be the case even as my business has grown, that are my foundational values that I operate on.
Keller Williams Awards
It is also with your support that I have been able to win 2 Top Agent Awards in my office; Top Agent Written Volume and Top Agent Closed Volume. It is an extreme honor as my office has over 200+ agents to be able to earn this amongst such strong performing co-workers.Market Analysis
As I have mentioned in multiple blogs throughout the last 2 years, there is no recession in the Bay Area and Buyers are out fighting for properties. This demonstrated itself as 91% of my clients in 2011 were Buyers. 2011 showed competition in the good school districts which has always been the case, but overall reasonable opportunities with limited competition in other areas. Q1 2012 this has NOT been the case! Due to low inventory levels and a flood of Buyers in the market, there is competition at every corner. Just last week I had 4 Buyers contact me that they were interested in looking for homes.
Competitive Examples
- One of my clients offered on a 44 year old Townhome in Mountain View that had 13 offers and the winning bid was aggressive in all categories
- Another client offered on a Mountain View 4-Plex Bank Owned Property which had a total of 5 offers
- Another client offered on a Sunnyvale Townhome that had 3 offers
Clients ask me why things are so different in the Bay Area than the rest of the country. The answer is Technology and the recent emergence of Social Media. Linkedin, Zynga and Groupon are recent IPO's that have brought equity to the valley, and most look to put these funds to purchase their first homes. With the upcoming Facebook IPO, there will be a flood of cash into the valley and Real Estate prices will sore. If you are a Buyer, I suggest moving quickly before the Facebook lockout period ends (usually 6 months after IPO). These Buyers will be paying cash and closing in 7 days and they will be tough to compete with.
Although the Bay Area is doing well, real estate continues to suffer in the rest of the country. Interest rates continue to be at their lowest rates which is also an opportunity for us in the Valley.
Recent Transactions
- 555 Crawford Drive, Sunnyvale was an off market home that sold to my Buyers
- New Townhome Development sold, let me know if you are interested, this was competitive as well
- 3 written offers lost due to overbidding by competitors
There have been a few new home developments last year, however most of them are sold out. In the Spring, Summer and Fall I am tracking a few more new home developments that are in progress. Ask me about them and I can keep you in the loop once they are released.
Summary
2012 will be another low home inventory and high buying demand kind of year; where there won't be enough homes to keep up with the Buyers which means competition. I am mainly speaking of Santa Clara County close to Technology companies, but there still are pockets of opportunities. If you are a Buyer be ready to compete with other Buyers. My suggestion is find your home, follow my strategies and it will put you in the best position to win these homes. The longer you take to adjust and question the situation, the more competition you will face later on and may even end up buying a home when things are at their peak.
If you are a Seller talk to me about a Selling strategy to maximize your home value, it's a great time to sell if you have solid equity in your home.
I am looking forward to a busy buying spree in 2012 for many of my Buyers. You can trust that the strategies I have will win you the home, thank you for your trust over the years and I look forward to serving your real estate needs.
Sunday, October 30, 2011
Q4 2011 Real Estate Update
Q4 2011 Real Estate Update
Greetings to you all and as the holiday season approaches, I wanted to wish you and your family a holiday season. I wanted to send out a my Q4 Real Estate update before you all head out for the holidays. In my 8 years in this business, this year may rank as the best year in my career. I am blessed and thankful for each and everyone of you who continue to refer me to your friends, family and co-workers; over half of my business was from you as my clients referring my name. Again thank you all for remembering me when it comes to your Real Estate needs.
The market has unfolded as I predicted in 2010. Whereas in 2010 School Sensitive Buyers were buying, this year ALL segments are buying. If you recall earlier this year I said that 2011 is the last year to buy for those of you that wanted to take advantage of the downturn; that bottom has longed passed. Multiple Buyers of mine are looking very hard, but not finding much to buy. Inventory supply levels are low and Buyer demand high. Economics dictates that this means we are in a Seller's market overall. Many of my Buyers are shocked when I say this and the tough lesson gets learned when low offers get rejected while more reasonable offers get accepted. We are in a new market unfortunately so do adjust your expectations accordingly going into 2012. My hope is that there is more inventory in the new year to meet this demand, however right now we are entering a slow period with Thanksgiving and Christmas, so I am expecting inventory levels to remain low.
There has been a surprising come back of Townhomes! My customer segments that do not prioritize schools as high, but rather want to live in a newer town home close to work have taken flight. I think this is a good call as Town homes have been a bargain buy from peak, so much so that there are low inventories in this class of property as well just over the last few months.
Property Taxes Due 11/1 Overdue on 12/10
Remember that property tax is due on 11/1 but you have until 12/10 to pay them without a penalty. After 12/10 penalties will apply. Here are the links to your respective counties accessor sites. You usually can search by your address but if you need your Accessors Parcel Number (APN) let me know!
Santa Clara - http://www.sccgov.org/portal/site/tax/
Alameda - http://www.acgov.org/assessor/assrinfo.htm
San Mateo - http://www.sanmateocountytaxcollector.org/
House Hunters
I am very excited to announce that I will be featured on House Hunters around the May timeframe next year! We just wrapped up 4 full days of filming a few weeks back, with some finishing touches in November. This will air on HGTV. For those of you that are not familiar with House Hunters, initially they start with the Buyer requirements, I show my client 3 homes and go through the pros and cons of the home. They then weigh the pros and cons then they select the home at the end of the show. Since I announced this, I couldn't believe how many people watch this show! I'll send more details once I get the exact air date. It's been a ton of fun to dabble in acting and even more exciting when you don't need to act, they let me be myself the way I usually operate. Welcome to reality TV!
Mortgage Loan Limit Changes
On October 1st, the Conforming Jumbo loan went away and today a Conforming Loan in Santa Clara/Alameda/San Mateo County goes for loan amounts less than $625,500 while the Jumbo loan are loans above $625,500. For those of you that are buying over the $1 million dollar mark the variable second loan has returned for the delta between $625,500 and the loan amount that you need.
Hidden Jewels
- Possible new pocket listing, fully re-modeled and expanded single family home in San Jose Berryessa, more details to come
- There is a subdivision of 4 brand new homes I've been watching for over a year. It's located in Mountain right on the border of Varsity Park/Los Altos border going between $1,278,000 to $1,358,000 for 1,800 to 2,000 square feet. The schools are Mountain View schools though but an opportunity nonetheless. Let me know if you are interested before they are released.
- There is a new Townhome development in which I really like the 3 and 4 bedroom models in the middle of the Bay Area, great location, 2 of my clients bought already, ask me about them!
- There is a new Santa Clara Townhome development as well let me know
Homes Sold
- 5117 Fioli Loop in San Ramon earned my fastest close ever in 14 days! We were $50,000 under market price and $25,000 under the appraisal price, great deal!
- 10220 Sterling Blvd in Cupertino - Sale Pending a lovely brand new home development boasting 5 bedrooms, 5.5 bathrooms, stunning!
- New Townhome development closed, bought in the first release and lines continue for this lovely model!
Summary
If you have thought about selling your home in 2011, do contact me so I can assess where you live. I generally would not advise selling during the holiday season but depending on where you live, this market may allow you to do so and close fairly quickly. Buyers, do expect low inventory at this time which means getting a "deal" most likely won't happen, "multiple offers" is more likely. We have to deploy different strategies in a new market. Not all areas are showing low inventory levels. I've noticed Santa Clara, parts of West San Jose bordering Campbell/Santa Clara, Campbell, Fremont, Belmont, San Ramon seem to have Single Family Homes that have been sitting on the market for a longer period of time than usual. Some of these may need some work, but that is a way to get an under priced home and pour some investment to fixing it up.
Greetings to you all and as the holiday season approaches, I wanted to wish you and your family a holiday season. I wanted to send out a my Q4 Real Estate update before you all head out for the holidays. In my 8 years in this business, this year may rank as the best year in my career. I am blessed and thankful for each and everyone of you who continue to refer me to your friends, family and co-workers; over half of my business was from you as my clients referring my name. Again thank you all for remembering me when it comes to your Real Estate needs.
The market has unfolded as I predicted in 2010. Whereas in 2010 School Sensitive Buyers were buying, this year ALL segments are buying. If you recall earlier this year I said that 2011 is the last year to buy for those of you that wanted to take advantage of the downturn; that bottom has longed passed. Multiple Buyers of mine are looking very hard, but not finding much to buy. Inventory supply levels are low and Buyer demand high. Economics dictates that this means we are in a Seller's market overall. Many of my Buyers are shocked when I say this and the tough lesson gets learned when low offers get rejected while more reasonable offers get accepted. We are in a new market unfortunately so do adjust your expectations accordingly going into 2012. My hope is that there is more inventory in the new year to meet this demand, however right now we are entering a slow period with Thanksgiving and Christmas, so I am expecting inventory levels to remain low.
There has been a surprising come back of Townhomes! My customer segments that do not prioritize schools as high, but rather want to live in a newer town home close to work have taken flight. I think this is a good call as Town homes have been a bargain buy from peak, so much so that there are low inventories in this class of property as well just over the last few months.
Property Taxes Due 11/1 Overdue on 12/10
Remember that property tax is due on 11/1 but you have until 12/10 to pay them without a penalty. After 12/10 penalties will apply. Here are the links to your respective counties accessor sites. You usually can search by your address but if you need your Accessors Parcel Number (APN) let me know!
Santa Clara - http://www.sccgov.org/portal/site/tax/
Alameda - http://www.acgov.org/assessor/assrinfo.htm
San Mateo - http://www.sanmateocountytaxcollector.org/
House Hunters
I am very excited to announce that I will be featured on House Hunters around the May timeframe next year! We just wrapped up 4 full days of filming a few weeks back, with some finishing touches in November. This will air on HGTV. For those of you that are not familiar with House Hunters, initially they start with the Buyer requirements, I show my client 3 homes and go through the pros and cons of the home. They then weigh the pros and cons then they select the home at the end of the show. Since I announced this, I couldn't believe how many people watch this show! I'll send more details once I get the exact air date. It's been a ton of fun to dabble in acting and even more exciting when you don't need to act, they let me be myself the way I usually operate. Welcome to reality TV!
Mortgage Loan Limit Changes
On October 1st, the Conforming Jumbo loan went away and today a Conforming Loan in Santa Clara/Alameda/San Mateo County goes for loan amounts less than $625,500 while the Jumbo loan are loans above $625,500. For those of you that are buying over the $1 million dollar mark the variable second loan has returned for the delta between $625,500 and the loan amount that you need.
Hidden Jewels
- Possible new pocket listing, fully re-modeled and expanded single family home in San Jose Berryessa, more details to come
- There is a subdivision of 4 brand new homes I've been watching for over a year. It's located in Mountain right on the border of Varsity Park/Los Altos border going between $1,278,000 to $1,358,000 for 1,800 to 2,000 square feet. The schools are Mountain View schools though but an opportunity nonetheless. Let me know if you are interested before they are released.
- There is a new Townhome development in which I really like the 3 and 4 bedroom models in the middle of the Bay Area, great location, 2 of my clients bought already, ask me about them!
- There is a new Santa Clara Townhome development as well let me know
Homes Sold
- 5117 Fioli Loop in San Ramon earned my fastest close ever in 14 days! We were $50,000 under market price and $25,000 under the appraisal price, great deal!
- 10220 Sterling Blvd in Cupertino - Sale Pending a lovely brand new home development boasting 5 bedrooms, 5.5 bathrooms, stunning!
- New Townhome development closed, bought in the first release and lines continue for this lovely model!
Summary
If you have thought about selling your home in 2011, do contact me so I can assess where you live. I generally would not advise selling during the holiday season but depending on where you live, this market may allow you to do so and close fairly quickly. Buyers, do expect low inventory at this time which means getting a "deal" most likely won't happen, "multiple offers" is more likely. We have to deploy different strategies in a new market. Not all areas are showing low inventory levels. I've noticed Santa Clara, parts of West San Jose bordering Campbell/Santa Clara, Campbell, Fremont, Belmont, San Ramon seem to have Single Family Homes that have been sitting on the market for a longer period of time than usual. Some of these may need some work, but that is a way to get an under priced home and pour some investment to fixing it up.
Thursday, August 18, 2011
2011 Q3 Real Estate Update
2011 Q3 Real Estate Update
Looking back at Q2 of this year, real estate activity was already equaling that of the entirety of 2010. What is even more amazing is that Q3 has kept me busy beyond what I had imagined and there is no end in site. The bottom line is that Buyers are buying and not enough Seller's are selling. Real Estate in the Bay Area has been on fire to date.
Micro Economy Santa Clara County
We are in the heart of technology and this sector is leading the US economy. Anything social was getting funded this year with most of them founded in the Silicon Valley. A foreign investor told me that it seemed that the United States showed activity in New York, Los Angeles and the Bay Area while the rest of the United States is stagnant or in decline. I would agree with this assessment. We live in a unique pocket with Buyers and Sellers taking advantage of the low interest rates across the country to fuel this micro economy that we all live in. We have always had low supply in the Bay Area and there are new migrants of Tech workers arriving here for work everyday with the dream of home ownership. With the upcoming Technology IPO's there will be more money flowing around the valley and real estate will be on the top of minds.
Analyzing Single Family Homes in Santa Clara County, since December of 2010 there has been a non-stop tight race between Pending and Active home sales. Recently Pending homes have been exceeding Active homes which explains the overall low inventory level of homes I've been seeing. Analyzing Condominiums and Townhomes, since February of this year Pending homes have been exceeding Active homes again showing a clearing out of inventory in that class of homes as well.
Overall low supply and high demand is causing the return of multiple offers and I had to stand in line at a new home development on the release morning. It's not the year 2000, but it is slightly reminding me a little of those days.
Macro Economy United States
The US downgrade and concerns on Europe are causing much uncertainty in the market place. The stock market has been in a free fall so we'll have to see how this shakes out. However, there is good news, I've seen interest rates go further downward in the last few weeks. An article today stated that interest rates are the lowest in 50 years. Also the Fed has indicated it will keep rates low as well to try to send some security to the marketplace. The question specific to the valley is how will factors of the Macro Economy affect Venture Capital funding into technology start-ups and ultimately affect companies looking to liquidate and enter the public market place. Also how does consumer spending as well as enterprise spending affect companies in the valley from a Revenue and Cash Flow perspective. This will all trickle down into how much the average worker like you and I have to spend on housing. I do wish our politicians would be able to compile and execute a viable solution to our debt problem but it it not looking as if this is the case.
Hidden Jewels
- There is a subdivision of 4 new homes I've been watching for over a year. It's located in Mountain right on the border of Varsity Park/Los Altos border going between $1.15M to $1.4. The schools are Mountain View schools though but an opportunity nonetheless. Let me know if you are interested before they are released.
- There is a new Townhome development in which I really like the 3 and 4 bedroom models in the middle of the Bay Area, ask me about them!
- There is a new Santa Clara townhome development that I am keeping an eye on, ask me for more details
Top Award in June
Again it is thanks to your trust and referrals that Keller Williams awarded me the Top Associate in Closed Volume, Closed Units and Written Volume. Thank you for all your support over the years and I continue to look forward to supporting you in your Real Estate needs.
Home Sales in Q3
I always like to give my clients real data from the market so you can gauge for yourself how things are going.
- 717 Madrone in Sunnyvale - Beat out 7 offers and did not overpay! It's all about having the right strategy that varies per home
- 107 Holly Terrace in Sunnyvale - Bank owned foreclosure sold to my Buyers under the comparable prices, picked up after another Buyer decided not to proceed
- 1343 Sarita Way in Santa Clara - This listing was in Sale Pending when the kitchen caught fire and we had to re-model and repair the inside. The local mailman went beyond the call of duty and saved the day! Check out the video! http://sanfrancisco.cbslocal.com/category/watch-listen/video-on-demand/?autoStart=true&topVideoCatNo=default&clipId=6079667. Happy to say that after all the re-modeling and coordination, the home is now SOLD!
- New Home Development (x2) - Most popular plan in this new community sold to 2 sets of my Buyers. One home was part of a first phase release which typically always have the best prices, we moved fast and secured the home. The second home I had to stand in line for 2 hours before opening on release day and beat out at least 3 other interested parties in line for that exact unit
Conclusions
There is a-lot of uncertainty in the global economy over the last few weeks which is some cause for concern. Up until that point, Bay Area real estate was recovering nicely in Santa Clara County especially homes close to companies. Inventory remains generally low. We will have to monitor how the Macro Economy affects our Micro Economy. My advice if you have a stable job take advantage of the low rates and get out of that increasing monthly rent. If you are a homeowner call me so I can assess where your home is at and whether you should hold steady or sell at this time.
Again thank each and everyone of you for your business over the years and all the referrals you have entrusted me.
Sincerely,
Alan
Looking back at Q2 of this year, real estate activity was already equaling that of the entirety of 2010. What is even more amazing is that Q3 has kept me busy beyond what I had imagined and there is no end in site. The bottom line is that Buyers are buying and not enough Seller's are selling. Real Estate in the Bay Area has been on fire to date.
Micro Economy Santa Clara County
We are in the heart of technology and this sector is leading the US economy. Anything social was getting funded this year with most of them founded in the Silicon Valley. A foreign investor told me that it seemed that the United States showed activity in New York, Los Angeles and the Bay Area while the rest of the United States is stagnant or in decline. I would agree with this assessment. We live in a unique pocket with Buyers and Sellers taking advantage of the low interest rates across the country to fuel this micro economy that we all live in. We have always had low supply in the Bay Area and there are new migrants of Tech workers arriving here for work everyday with the dream of home ownership. With the upcoming Technology IPO's there will be more money flowing around the valley and real estate will be on the top of minds.
Analyzing Single Family Homes in Santa Clara County, since December of 2010 there has been a non-stop tight race between Pending and Active home sales. Recently Pending homes have been exceeding Active homes which explains the overall low inventory level of homes I've been seeing. Analyzing Condominiums and Townhomes, since February of this year Pending homes have been exceeding Active homes again showing a clearing out of inventory in that class of homes as well.
Overall low supply and high demand is causing the return of multiple offers and I had to stand in line at a new home development on the release morning. It's not the year 2000, but it is slightly reminding me a little of those days.
Macro Economy United States
The US downgrade and concerns on Europe are causing much uncertainty in the market place. The stock market has been in a free fall so we'll have to see how this shakes out. However, there is good news, I've seen interest rates go further downward in the last few weeks. An article today stated that interest rates are the lowest in 50 years. Also the Fed has indicated it will keep rates low as well to try to send some security to the marketplace. The question specific to the valley is how will factors of the Macro Economy affect Venture Capital funding into technology start-ups and ultimately affect companies looking to liquidate and enter the public market place. Also how does consumer spending as well as enterprise spending affect companies in the valley from a Revenue and Cash Flow perspective. This will all trickle down into how much the average worker like you and I have to spend on housing. I do wish our politicians would be able to compile and execute a viable solution to our debt problem but it it not looking as if this is the case.
Hidden Jewels
- There is a subdivision of 4 new homes I've been watching for over a year. It's located in Mountain right on the border of Varsity Park/Los Altos border going between $1.15M to $1.4. The schools are Mountain View schools though but an opportunity nonetheless. Let me know if you are interested before they are released.
- There is a new Townhome development in which I really like the 3 and 4 bedroom models in the middle of the Bay Area, ask me about them!
- There is a new Santa Clara townhome development that I am keeping an eye on, ask me for more details
Top Award in June
Again it is thanks to your trust and referrals that Keller Williams awarded me the Top Associate in Closed Volume, Closed Units and Written Volume. Thank you for all your support over the years and I continue to look forward to supporting you in your Real Estate needs.
Home Sales in Q3
I always like to give my clients real data from the market so you can gauge for yourself how things are going.
- 717 Madrone in Sunnyvale - Beat out 7 offers and did not overpay! It's all about having the right strategy that varies per home
- 107 Holly Terrace in Sunnyvale - Bank owned foreclosure sold to my Buyers under the comparable prices, picked up after another Buyer decided not to proceed
- 1343 Sarita Way in Santa Clara - This listing was in Sale Pending when the kitchen caught fire and we had to re-model and repair the inside. The local mailman went beyond the call of duty and saved the day! Check out the video! http://sanfrancisco.cbslocal.com/category/watch-listen/video-on-demand/?autoStart=true&topVideoCatNo=default&clipId=6079667. Happy to say that after all the re-modeling and coordination, the home is now SOLD!
- New Home Development (x2) - Most popular plan in this new community sold to 2 sets of my Buyers. One home was part of a first phase release which typically always have the best prices, we moved fast and secured the home. The second home I had to stand in line for 2 hours before opening on release day and beat out at least 3 other interested parties in line for that exact unit
Conclusions
There is a-lot of uncertainty in the global economy over the last few weeks which is some cause for concern. Up until that point, Bay Area real estate was recovering nicely in Santa Clara County especially homes close to companies. Inventory remains generally low. We will have to monitor how the Macro Economy affects our Micro Economy. My advice if you have a stable job take advantage of the low rates and get out of that increasing monthly rent. If you are a homeowner call me so I can assess where your home is at and whether you should hold steady or sell at this time.
Again thank each and everyone of you for your business over the years and all the referrals you have entrusted me.
Sincerely,
Alan
Subscribe to:
Posts (Atom)
