Santa Clara County Real Estate Stats Nov. 2008

Published in November 17th, 2008

Posted by Miri Bialik in Real estate Market, Buyers, REO, Price, condition, expensive, house, Real estate, homes, schools, short sale, short sales, Santa Clara County, down payment, appreciation, investors, location, remodeled

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QUICK UPDATE:
The units sold in October 2008 v. October 2007 were up 57%. Most of that activity happened in homes under $500k, short sales and REO (Real Estate Owned by the bank after foreclosure or how you would want to call it “Real estate Opportunity”) In addition, the 1 million plus range […]

Real estate profession gets harder and more complicated

Published in July 16th, 2008

Posted by Miri Bialik in Real estate Market, Broker, mortgage, sell, seller, Buyers, lender, Sellers, Price, house, Real estate, homes, schools, home, markets, California, Santa Clara County, contract, homes sale, purchase agreement, disclosures, down payment, flower arrangements, funds, inspections, loan, negotiate, property

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In California the Real Estate Broker is responsible for pre qualifying the buyers, finding a suitable house/property that will fit the needs and budget of the buyer, negotiate the best price and terms, write the contract which is the purchase agreement, coordinate with the lender to get the best loan, inspect […]

Everything You Ever Wanted To Know About REO Transactions (Part 2) … The Lender Is The King

Published in May 8th, 2008

Posted by Mark Gissler in Uncategorized, prices, Real estate Market, mortgage, Buyers, lender, REO

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REO sales (Real Estate Owned by Lender) are handled very differently from conventional real estate transactions. Perhaps this is due to the huge number of transactions that the lenders attempt to review and deal with on a daily basis.
For example- In a normal transaction a buyer’s written offer would be presented to the seller and […]

May 5th Santa Clara County Stats

Published in May 6th, 2008

Posted by Miri Bialik in Cupertino, Inventory, Los Altos, Mountain View, Palo Alto, Saratoga, Sunnyvale, Buyers, REO, asking price, house, homes, multiple offers, schools, sold, markets, foreclosures, short sales, supply and demand, balanced market, negotiations, purchase, transactions

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The inventory keeps growing as well as the number of transactions. Many short sales, Foreclosures and REO (homes that were foreclosed, were not purchased by an auction on the Court house stairs and remained in the banks’ possession) are being sold, some of them with multiple offers. Even the foreclosures in […]

Iphones and Terabitz… quickly finding you a Home!

Published in May 2nd, 2008

Posted by Tracey McNeely in Uncategorized, Inventory, prices, Real estate Market, buy, buyer, sell, seller, Buyers, Sellers, Price, asking price, bath, bedroom, dollars, house, money, neighborhood, silicon valley, Real estate, homes, agents, for sale, schools, home, Neighborhoods, CA, elementary schools, school district, iphone

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Intero Real Estate Services is the first real estate brokerage to use iphone technology designed by Terabitz. What this application does is allow an iphone user to type in a street address, or MLS# and find a home that is for sale. I have been trying it out on my iphone. […]

Where is the Bottom… of the housing market?

Published in April 8th, 2008

Posted by Tracey McNeely in Uncategorized, Cupertino, desirable areas, Mountain View, prices, Real estate Market, buy, buyer, great price, Buyers, Price, asking price, neighborhood, homes, short sale

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Do you know anyone who is waiting to buy at the bottom of the housing market? It seems these days everyone is waiting. Did you hear that….I think that was the bottom. Oh and you have missed. So now would be the best time to buy before the prices run to the top of […]

The real estate market is alive again

Published in April 7th, 2008

Posted by Miri Bialik in Inventory, Sunnyvale, Ortega park, buy, sell, Buyers, asking price, house, neighborhood, silicon valley, Real estate, homes, agents, for sale, multiple offers, rentals, schools, sold, bid, good schools, home, moving, open house, paymoney, raise

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We are back in full action. Inventory is growing as fast as expected in the spring. The “for Sale” signs are springing up like mushrooms after the rain. If you drive through the neighborhood during the afternoon time you’ll see ‘open house’ signs pointing in all directions. Homes are being sold fairly fast, […]

Granite, stainless steel, and sex appeal: What home improvements bring the greatest return?

Published in April 2nd, 2008

Posted by Mark Gissler in Uncategorized, Buyers, Sellers

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I am frequently asked this question from both Buyers and Sellers. There are many home improvements that will bring a good return on your investment. Perhaps the best are in the kitchen and bathrooms.
It is important to keep in mind that the improvements should appeal to the greatest number of potential buyers. […]

Mortgage Broker or B of A lender? who wins?

Published in March 26th, 2008

Posted by Miri Bialik in Sunnyvale, Broker, buy, buyer, conforming loan, great price, mortgage, sell, seller, Buyers, lender, rates

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My client won the house, competing with 3 other buyers. The seller was so happy. The offer was:”as is”, no contingencies, 3 weeks free rent back, great price, all that for the luxury to own home in Sunnyvale. My client shopped around for the best loan. First he was going with a mortgage broker who […]

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