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 […]

Proposition 60 & 90 Seminar, tuesday 10/28/08 @ 8:00PM

Published in October 20th, 2008

Posted by Miri Bialik in house, taxes, Home owner, property taxes 55-year, proposition 13, proposition 60, residence

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If you are getting closer to your 55th Birthday and you have a house, your kids are gone and you are thinking: what am I doing with this large house, now that I am all alone. Can I sell it and not pay Capital Gain taxes? can I find a more appropriate house and not […]

Santa Clara County Stats 9/15/2008

Published in September 21st, 2008

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The world economy is shaky; the Dow Jones Index lost 504 points in one day, and looking at the candidates to lead the most important country in the world is not encouraging. The papers predict a grim economic future; prices are dropping in most of the U.S. People are having a hard time getting loans […]

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 […]

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. […]

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, […]

If you own real estate property make sure you paid property taxes by 4/10/08

Published in April 4th, 2008

Posted by Miri Bialik in seller, Price, house, HUD-1, Real estate, county, escrow, homes, taxes, tax

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Hi David,
The seller pays his taxes according to the county assessed price. If it’s a house that was purchased 45 years ago for $28,000 (ha, ha,) her yearly payments should be around $600. Proposition 13 is protecting homeowners from a big raise in tax payments. Not more than 2% a […]

Sunnyvale real estate is still hot

Published in April 2nd, 2008

Posted by Miri Bialik in Sunnyvale, American Dream, Cupertino schools, Price, asking price, bath, bedroom, condition, dollars, expensive, foundation, house, money, neighborhood, ranch, remodeling, silicon valley, termite

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Take your typical 3 bedroom 2 bath ranch, in its original condition, clean it nicely and poof, like magic, you turn it into millions of dollars. It was purchased for $28,000 45 years ago. Back then it was expensive. The neighborhood was very quiet and modest, there were cherry and apricot orchards around, in […]

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