Silicon Valley Real Estate Blog

Information and updates about the Silicon Valley Real Estate Market, lifestyles, schools  and interesting facts about the communities.  

Dec. 8, 2017

Almaden Valley Real Estate | 3 Tips for Making Your Dream Home a Reality

 Almaden Valley Real Estate | 3 Tips for Making Your Dream Home a Reality 

 

We’ve streamlined and perfected the process of finding dream homes for our clients in Almaden Valley 

We know you want to spend less time looking at perhaps hundreds of homes for sale, looking all over. . .just to find that special place, allow our knowledge, experience and passion for Almaden Valley to guide you through the process of finding the right neighborhood that will fit your lifestyle. We strive in making it easier and have a direct path to help you find your dream home.

We are also your Trusted Resource for Almaden Valley Real Estate, offering complete solutions for buyers, from financing assistance to creating innovative marketing strategies for home sellers. 

We are your neighborhood specialists and we are ready to help you..

Today I would like to speak to you about 3 Tips for Making Your Dream Home a Reality

 

Some Highlights: 

- Realtor.com shared their “5 Habits to Start Now If You Hope to Buy a Home.”

- Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking a lot about it.

- Living within a budget will not only help you save money for down payments but will help you pay down other debts that might be holding you   back.

 

Source.. KCM Don Orason Blog

 

“All agents are NOT alike, We are Different … and We Want To Earn Your Business and Trust”

“The real estate market is constantly changing. I would like the opportunity to show you some of the new ways in which you are able to buy, sell and search for new homes”.

We continually invest in the latest technology to give you the most up to date information on homes for sale and the most exposure for your property when selling. 

Give us a call at 408–741–9300 before buying or selling your next home.

Don Orason, Owner — Silicon Valley Real Estate Team  

www.siliconvalleyrealestateteam.com 

 

 

Posted in Almaden Valley
Dec. 7, 2017

Almaden Valley | The #1 Reason to List Your House Today!

Almaden Valley | The #1 Reason to List Your House Today!

 

We’ve streamlined and perfected the process of finding dream homes for our clients in Almaden Valley 

We know you want to spend less time looking at perhaps hundreds of homes for sale, looking all over. . .just to find that special place, allow our knowledge, experience and passion for Almaden Valley to guide you through the process of finding the right neighborhood that will fit your lifestyle. We strive in making it easier and have a direct path to help you find your dream home.

We are also your Trusted Resource for Almaden Valley Real Estate, offering complete solutions for buyers, from financing assistance to creating innovative marketing strategies for home sellers. 

We are your neighborhood specialists and we are ready to help you..

Today I would like to speak to you about The #1 Reason to List Your House Today!

 

Many people believe that selling their house during “the spring buyers’ market” is the best thing to do. Their reasoning is that there will be more buyers than there are during the winter months and, therefore, their house will sell quicker and for a higher price. 

Historically, this made sense. However, today’s real estate market is not following the rules of the past. 

The National Association of Realtors (NAR) measures buyer “foot traffic” each month. It receives data on the number of properties shown to a prospective purchaser by a Realtor® (based on the number of lockboxes used). The data reveals the number of buyers out actively looking for a home, not just window shopping on the internet. NAR explains: 

“Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future.”

According to the latest Foot Traffic Report, buyer traffic is greater now than it was during this year’s spring market and there are more buyers out now than at any other time in the last five years (March of 2012). 

The chart below shows that buyer activity over the last three months (blue bars) was greater than it was during this past spring market (green bars).

 

Bottom Line

If you are waiting for next spring to list your home because you think that’s when the buyers will be out in force, perhaps you should reconsider. Buyers are out right now!

 

Source.. KCM Don Orason Blog

 

“All agents are NOT alike, We are Different … and We Want To Earn Your Business and Trust”

“The real estate market is constantly changing. I would like the opportunity to show you some of the new ways in which you are able to buy, sell and search for new homes”.

We continually invest in the latest technology to give you the most up to date information on homes for sale and the most exposure for your property when selling. 

Give us a call at 408–741–9300 before buying or selling your next home.

Don Orason, Owner — Silicon Valley Real Estate Team  

www.siliconvalleyrealestateteam.com  

 

 

Posted in Almaden Valley
Nov. 30, 2017

Almaden Valley | The Real Reason Home Prices are Increasing

Almaden Valley | The Real Reason Home Prices are Increasing

 

We’ve streamlined and perfected the process of finding dream homes for our clients in Almaden Valley 

We know you want to spend less time looking at perhaps hundreds of homes for sale, looking all over. . .just to find that special place, allow our knowledge, experience and passion for Almaden Valley to guide you through the process of finding the right neighborhood that will fit your lifestyle. We strive in making it easier and have a direct path to help you find your dream home.

We are also your Trusted Resource for Almaden Valley Real Estate, offering complete solutions for buyers, from financing assistance to creating innovative marketing strategies for home sellers. 

We are your neighborhood specialists and we are ready to help you..

Today I would like to speak to you about The Real Reason Home Prices are Increasing

 

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion. 

However, the increase in prices is easily explained by the theory of supply & demand. Whenever there is a limited supply of an item that is in high demand, prices increase. 

It is that simple. In real estate, it takes a six-month supply of existing salable inventory to maintain pricing stability. In most housing markets, anything less than six months will cause home values to appreciate and anything more than seven months will cause prices to depreciate (see chart 1).

 

According to the Existing Home Sales Report from the National Association of Realtors (NAR), the monthly inventory of homes has been below six months for the last four years (see chart 2). 

 

 Bottom Line

If buyer demand outpaces the current supply of existing homes for sale, prices will continue to appreciate. Nothing nefarious is taking place. It is simply the theory of supply & demand working as it should.

 

Source.. KCM Don Orason Blog

 

“All agents are NOT alike, We are Different … and We Want To Earn Your Business and Trust”

“The real estate market is constantly changing. I would like the opportunity to show you some of the new ways in which you are able to buy, sell and search for new homes”.

We continually invest in the latest technology to give you the most up to date information on homes for sale and the most exposure for your property when selling. 

Give us a call at 408–741–9300 before buying or selling your next home.

Don Orason, Owner — Silicon Valley Real Estate Team  

www.siliconvalleyrealestateteam.com 

 

 

Posted in Almaden Valley
Nov. 23, 2017

Almaden Valley | 5 Reasons to Hire a Real Estate Professional When Buying or Selling!

Almaden Valley | 5 Reasons to Hire a Real Estate Professional When Buying or Selling!

 

We’ve streamlined and perfected the process of finding dream homes for our clients in Almaden Valley 

We know you want to spend less time looking at perhaps hundreds of homes for sale, looking all over. . .just to find that special place, allow our knowledge, experience and passion for Almaden Valley to guide you through the process of finding the right neighborhood that will fit your lifestyle. We strive in making it easier and have a direct path to help you find your dream home.

We are also your Trusted Resource for Almaden Valley Real Estate, offering complete solutions for buyers, from financing assistance to creating innovative marketing strategies for home sellers. 

We are your neighborhood specialists and we are ready to help you..

Today I would like to speak to you about 5 Reasons to Hire a Real Estate Professional When Buying or Selling!

 

Whether you are buying or selling a home, it can be quite an adventurous journey. This is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO. 

The 5 reasons you NEED a real estate professional in your corner haven’t changed, but have rather been strengthened by the projections of higher mortgage interest rates & home prices as the market continues to pick up steam.

 

1. What do you do with all this paperwork? 

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true real estate professional is an expert in his or her market and can guide you through the stacks of paperwork necessary to make your dream a reality.

 

2. Ok, so you found your dream house, now what? 

There are over 180 possible steps that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, someone who knows what these actions are, to make sure that you achieve your dream?

 

3. Are you a good negotiator? 

So maybe you’re not convinced that you need an agent to sell your home. After looking at the list of parties that you will need to be prepared to negotiate with, you’ll soon realize the value in selecting a real estate professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people who you will need to be knowledgeable of, and answer to, during the process.

 

4. What is the home you’re buying/selling really worth? 

It is important for your home to be priced correctly from the start to attract the right buyers and shorten the amount of time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to a study by Collateral Analytics, FSBOs achieve prices significantly lower than those from similar properties sold by real estate agents: 

“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.”

Get the most out of your transaction by hiring a professional.

 

5. Do you know what’s really going on in the market? 

There is so much information out there on the news and on the internet about home sales, prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively and correctly price your home at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a lowball offer?

 

Dave Ramsey, the financial guru, advises: 

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has his or her finger on the pulse of the market will make your buying or selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

 

Bottom Line 

You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of the most important financial decisions of your life without hiring a real estate professional?

 

Source.. KCM Don Orason Blog

 

“All agents are NOT alike, We are Different … and We Want To Earn Your Business and Trust”

“The real estate market is constantly changing. I would like the opportunity to show you some of the new ways in which you are able to buy, sell and search for new homes”.

We continually invest in the latest technology to give you the most up to date information on homes for sale and the most exposure for your property when selling. 

Give us a call at 408–741–9300 before buying or selling your next home.

Don Orason, Owner — Silicon Valley Real Estate Team  

www.siliconvalleyrealestateteam.com 

 

 

Posted in Almaden Valley
Nov. 20, 2017

Almaden Valley Real Estate Market Trends Report November 2017

Trends at a Glance

Trends At a Glance Oct 2017 Previous Month Year-over-Year
Median Price $1,602,500 (+12.5%) $1,425,000 $1,400,000 (+14.5%)
Average Price $1,675,080 (+6.3%) $1,576,030 $1,497,520 (+11.9%)
No. of Sales 24 (-4.0%) 25 25 (-4.0%)
Pending 22 (+4.8%) 21 29 (-24.1%)
Active 22 (-8.3%) 24 47 (-53.2%)
Sale vs. List Price 104.7% (+2.0%) 102.7% 99.7% (+5.0%)
Days on Market 17 (-31.5%) 24 49 (-66.2%)
Days of Inventory 28 (-1.2%) 28 56 (-51.2%)

 

Almaden Valley Home Sale Market Report

View the most current real estate activity for Almaden Valley in San Jose. The market report includes a history of recent Almaden Valley home sales, active, pending and sold properties.

Posted in Almaden Valley
Nov. 16, 2017

San Jose - Almaden Valley | Your Friends Are Crazy Wrong If They’re Telling You Not to Buy

San Jose - Almaden Valley | Your Friends Are Crazy Wrong If They’re Telling You Not to Buy

 

We’ve streamlined and perfected the process of finding dream homes for our clients in Almaden Valley 

We know you want to spend less time looking at perhaps hundreds of homes for sale, looking all over. . .just to find that special place, allow our knowledge, experience and passion for Almaden Valley to guide you through the process of finding the right neighborhood that will fit your lifestyle. We strive in making it easier and have a direct path to help you find your dream home.

We are also your Trusted Resource for Almaden Valley Real Estate, offering complete solutions for buyers, from financing assistance to creating innovative marketing strategies for home sellers. 

We are your neighborhood specialists and we are ready to help you..

Today I would like to speak to you about Your Friends Are Crazy Wrong If They’re Telling You Not to Buy

 

The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an affordability standpoint. They are wrong! 

Homes are more affordable right now than at almost any time in our country’s history except for the foreclosure years (2009-2015) when homes sold at major discounts. As an example, below is a graph from the latest Black Knight Mortgage Monitor showing the percentage of median income needed to buy a medium-priced home in the country today in comparison to prior to the housing bubble and bust.

 As we can see, the percentage necessary is less now than in those time periods.

The Mortgage Monitor also explains that home affordability is better today than it was in the late 1990s in 47 of 50 states.

Bottom Line

Your friends and family have your best interests at heart. However, when it comes to buying your first home or selling your current house to buy the home of your dreams, let’s get together to discuss what your best move is, now.

 

Source.. KCM Don Orason Blog

 

“All agents are NOT alike, We are Different … and We Want To Earn Your Business and Trust”

“The real estate market is constantly changing. I would like the opportunity to show you some of the new ways in which you are able to buy, sell and search for new homes”.

We continually invest in the latest technology to give you the most up to date information on homes for sale and the most exposure for your property when selling. 

Give us a call at 408–741–9300 before buying or selling your next home.

Don Orason, Owner — Silicon Valley Real Estate Team  

www.siliconvalleyrealestateteam.com

 

 

Posted in Almaden Valley
Nov. 9, 2017

Almaden Valley | The #1 Reason to List Your House, NOW!

 Almaden Valley | The #1 Reason to List Your House, NOW!

 

We’ve streamlined and perfected the process of finding dream homes for our clients in Almaden Valley 

We know you want to spend less time looking at perhaps hundreds of homes for sale, looking all over. . .just to find that special place, allow our knowledge, experience and passion for Almaden Valley to guide you through the process of finding the right neighborhood that will fit your lifestyle. We strive in making it easier and have a direct path to help you find your dream home.

We are also your Trusted Resource for Almaden Valley Real Estate, offering complete solutions for buyers, from financing assistance to creating innovative marketing strategies for home sellers. 

We are your neighborhood specialists and we are ready to help you..

Today I would like to speak to you about The #1 Reason to List Your House, NOW!

 

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that sales rose 0.7% month-over-month, but remain 1.5% lower than they were a year ago. Some may look at these numbers and think that now is not a good time to sell their house, but in fact, the opposite is true. 

The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the market looking for their dream homes! The inventory of homes for sale has fallen year-over-year for the last 28 months and has had an upward impact on home prices. 

NAR’s Chief Economist Lawrence Yun had this to say, 

“Home sales in recent months remain at their lowest level of the year and are unable to break through, despite considerable buyer interest in most parts of the country. 

Realtors® this fall continue to say the primary impediments stifling sales growth are the same as they have been all year: not enough listings – especially at the lower end of the market – and fast-rising prices that are straining the budgets of prospective buyers.” (emphasis added)

The houses that are on the market are selling fast, too! According to NAR’s Realtors Confidence Index, the median number of days it took for a house to go from listed to under contract over the past three months was 34.

 

Bottom Line 

If you are one of the many homeowners who is debating listing your house for sale this year, the time is now! Let’s get together to discuss the specifics of our market!

 

Source.. KCM Don Orason Blog

 

“All agents are NOT alike, We are Different … and We Want To Earn Your Business and Trust”

“The real estate market is constantly changing. I would like the opportunity to show you some of the new ways in which you are able to buy, sell and search for new homes”.

We continually invest in the latest technology to give you the most up to date information on homes for sale and the most exposure for your property when selling. 

Give us a call at 408–741–9300 before buying or selling your next home.

Don Orason, Owner — Silicon Valley Real Estate Team 

www.siliconvalleyrealestateteam.com

 

 

Posted in Almaden Valley
Nov. 2, 2017

Almaden Valley Homes For Sale | Why Sell Now Instead of Later? The Buyers are Out Now

Almaden Valley Homes For Sale | Why Sell Now Instead of Later? The Buyers are Out Now

 

We’ve streamlined and perfected the process of finding dream homes for our clients in Almaden Valley 

We know you want to spend less time looking at perhaps hundreds of homes for sale, looking all over. . .just to find that special place, allow our knowledge, experience and passion for Almaden Valley to guide you through the process of finding the right neighborhood that will fit your lifestyle. We strive in making it easier and have a direct path to help you find your dream home.

We are also your Trusted Resource for Almaden Valley Real Estate, offering complete solutions for buyers, from financing assistance to creating innovative marketing strategies for home sellers. 

We are your neighborhood specialists and we are ready to help you..

Today I would like to speak to you about Why Sell Now Instead of Later? The Buyers are Out Now

 

Each year, most homeowners wait until the spring to sell their houses because they believe that they can get a better deal during the normal spring buyer’s market. However, recently released data suggests that a seller’s best deal may be available right now. The concept of ‘supply & demand’ reveals that the best price for an item will be realized when the supply of that item is low and the demand for that item is high. Let’s see how this applies to the current residential real estate market.

 

SUPPLY 

It is no secret that the supply of homes for sale has been far below the number needed for over a year. A normal market requires six months of housing inventory to meet the demand. The latest report from the National Association of Realtors (NAR) revealed that there is currently only a 4.2-month supply. 

Supply is currently very low!!

 

DEMAND 

A report that was just released tells us that demand is very strong. The most recent Foot Traffic Report (which sheds light on the number of buyers out looking at homes) disclosed that there are more buyers right now than at any other time in the last twelve months. This includes more buyers looking at homes right now than at any time during last year’s spring market. 

Demand is currently very high!! 

 

Bottom Line 

Waiting until the spring to list your house for sale made sense in the past. This year is different. The best deal is probably available right now.

 

Source.. KCM Don Orason Blog

 

 “All agents are NOT alike, We are Different … and We Want To Earn Your Business and Trust”

“The real estate market is constantly changing. I would like the opportunity to show you some of the new ways in which you are able to buy, sell and search for new homes”.

We continually invest in the latest technology to give you the most up to date information on homes for sale and the most exposure for your property when selling. 

Give us a call at 408–741–9300 before buying or selling your next home.

Don Orason, Owner — Silicon Valley Real Estate Team 

www.siliconvalleyrealestateteam.com 

 

 

Posted in Almaden Valley
March 9, 2017

March 2017 Almaden Valley Real Estate Market Report

Trends at a Glance

Posted in Almaden Valley
Jan. 21, 2017

Almaden Valley Real Estate Market Report | Trends, Median Home Prices, Stats

Trends at a Glance

Posted in Almaden Valley