Silicon Valley Real Estate Blog

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

Jan. 14, 2022

Willow Glen | Ultimate Guide To This Charming San Jose Neighborhood

Willow Glen, San Jose

What's it like living in Willow Glen?

Willow Glen is located in beautiful San Jose in a small section that is virtually a self-contained village within the tenth-largest city in the United States, named after the stunning Willow trees that thrive here. Downtown San Jose borders Willow Glen on the north, South San Jose on the east and south, and West San Jose on the west.

Lincoln Avenue, a tree-lined main thoroughfare that seems like it belongs in a little town, is the center of commercial activity. Willow Glen's downtown area is walkable and enjoyable to explore. There are about 250 enterprises in the neighborhood, the majority of which are privately owned.

Restaurants and good eats are found everywhere, as are exquisite sweets like croissants, frozen yogurt, and other delicacies, which keep locals and visitors coming back for more. Nearly every need is met in bookstores, spas, antique stores, dry cleaners, and other enterprises. Although this isn't a nightlife hotspot (nor is it elsewhere in the Valley), there are a good variety of alternatives here, ranging from sports bars to wine and cheese tastings to lounges.

Willow Glen Restaurant

Willow Glen has no shortage when it comes to housing – there's a great mix of townhomes, condos, and single-family homes. The average age of the houses in the area is 50 years old, compared to 20-30 years in other parts of San Jose. They have, however, been meticulously maintained, remodeled, and modernized. Victorian and Spanish-style exteriors from the 1920s are frequently combined with more contemporary styling and elegantly restored modern interiors. Home costs are also varied, and there are many economical and appealing homes for middle-class individuals.

A handful of excellent public schools for children of all ages complement the charming lifestyle. Willow Glen's vibrant downtown center will appeal to young singles and couples, while families appreciate the peaceful residential areas.

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Jan. 14, 2022

What Is It Like Living In Santa Clara, CA | 8 Things You Need To Know

Santa Clara, California

Beautiful Santa Clara, CA, is considered one of California's best places to live! Located just 45 miles south of famous San Francisco resides the bustling city of Santa Clara. The highly sought-after city is continuously growing and expanding from development, and more companies are deciding to make Santa Clara their headquarters. 

The city is home to many families, singles, young professionals, and college graduates alike. The bustling vibe is present in both urban and suburban lifestyles with plenty to do, such as several open-air shopping centers, green spaces, parks, restaurants, and walking trails for residents to enjoy.

You might want to consider moving to Santa Clara if you're looking for more business prospects and the potential to advance your career and profession. Before making the big move, read on to discover more about the 8 things you need to know about Santa Clara, California.

Santa Clara Green Space

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Jan. 12, 2022

Best Places To Live In Silicon Valley: Campbell, California

Campbell, California

Found in the San Francisco Bay area, nestled in Santa Clara County is the beautiful city of Campbell, California. Considered by many as the best place to live in Silicon Valley, Campbell perfectly blends city enthusiasm with family-oriented lifestyles. With top-rated schools, preserved open spaces, and close proximity to numerous job centers, Campbell is an ideal location for those who desire convenience and comfort.

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Jan. 4, 2022

Almaden Valley | Find Out Why It's One Of The Best Places To Live in San Jose

Almaden Valley, San Jose

Set within Silicon Valley, San Jose is a thriving city with plenty of job opportunities and lush natural beauty. But it's not just the big business and outdoorsy landscape that make this California destination an amazing place to live; there are also many attractions within San Jose, like historical landmarks, museums, gardens, theaters and performing arts centers.

The city is also filled with many amazing neighborhoods, and one of the best places to live in San Jose is Almaden Valley. Filled with lovely homes and lush trees, it's a great place for any family.

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Dec. 12, 2021

The #1 Guide To The Best Neighborhoods in San Jose, CA

The #1 Guide To The Best Neighborhoods in San Jose, CA

Nestled in Silicon Valley, San Jose is at the heart of the cultural and technological epicenter of California. The area has become a magnet for people attracted to its booming economy that has grown to include some of the biggest names in technology.

Regardless of whether you are currently living in San Jose or planning on relocating to San Jose, understanding the different neighborhoods in San Jose is important to find a place you can call home.

The city is filled with a wide assortment of neighborhoods, many of which are very different from one another. Offering different real estate options, amenities and atmospheres, the city offers something for everyone.

Below we will look at some of the best neighborhoods located in San Jose, CA.

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Posted in Buying A Home, San Jose
Feb. 16, 2021

Almaden Valley Homes For Sale | Millennials: Is It Time to Buy a Bigger Home?

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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.    

 

Check out the Almaden Valley Real Estate Market Report here!  

 

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

Today I would like to speak to you about Millennials: Is It Time to Buy a Bigger Home?

 

In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in real estate. If you’re like many millennials who are spending much more time at home these days, you may have a growing need for more space or upgraded features, making moving more desirable than ever.

 

For those millennials who already own a home, there’s a great opportunity to move up in 2021. Danielle Hale, Chief Economist at realtor.com, explains:

 

“Older millennials will be trade-up buyers with many having owned their first homes long enough to see substantial equity gains.”

 

Even if you bought a home sometime in the last few years, you may have more equity than you realize, and that’s a big factor to consider when you’re thinking about moving. According to the Homeowner Equity Insights Report from CoreLogic:

 

“In the third quarter of 2020, the average homeowner gained approximately $17,000 in equity during the past year. This marks the largest average equity gain since the first quarter of 2014.”

 

Growing equity can be the driver you’re looking for to fund your next move, especially if what you need in a home is changing right now. As equity builds over time, it can be put toward the down payment on your next home.

 

In addition to equity gains, today’s housing market affordability is powered by record-low mortgage rates, so moving at a time when you can get more for your money may be more realistic than you think.

 

Bottom Line

If you’re a millennial thinking about moving this year, you’re not alone. Let’s connect to shed light on the equity you have in your current home and the opportunities it can create.

 

Source.. KCM Don 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
Feb. 8, 2021

Silver Creek Homes For Sale | 6 Foundational Benefits of Homeownership Today

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Locals know that Silver Creek Valley is a great place to raise a family.  The scenic Silver Creek Valley resides on a mountain ridge and is bordered by numerous oaks and environmentally protected areas thru the heart of the community while the hillsides, parks and golf courses have estates that can see all the way to San Francisco on a clear day.  There's is an abundance of open space, hiking trails and great schools. 

 

Silver Creek value comes from its welcoming warm atmosphere, where neighbors participate enjoying various spectacular amenities enjoying a great convenient location.

 

There are many upscale home styles and communities to choose from. All the great neighborhoods; Silver Creek Country Club (Gated community), Bel Aire Luxury Estates, The Ranch, Hillstone, The Meadowlands, Tuscan Hills and California Oak Creek have this in common. Pride in ownership is obvious when the residents, whether renters or owners, maintain their homes and care about their neighborhood. 

 

Every home buyer has a wish when looking for a home, while not all of them are granted, the ‘feel good magic’ happens when they start selling homes around neighborhoods of this beautiful area.

 

It's the people what makes this place a little different from others, It's a great place to live.

Today I would like to speak to you about 6 Foundational Benefits of Homeownership Today

 

Over the past year, our homes have become an integral part of our lives more than ever. They’re much more than the houses we live in. They’re our workplaces, virtual schools, and safe havens that provide shelter, stability, and protection through the evolving health crisis. Today, 65.8% of Americans are fortunate enough to call their homes their own.

 

As we continue to think about the future, our goals for the year, and what we want to achieve well beyond 2021, it’s a great time to look at the benefits of owning a home. Below are some highlights and quotes on the benefits of homeownership shared by the National Association of Realtors (NAR). From feel-good motivations to economic and social impacts on the local community, these items may give you reason to believe homeownership stretches well beyond your financial investment.

 

Non-Financial Benefits

Owning a home brings a sense of happiness, satisfaction, and pride.

 

Pride of Ownership: It feels good to have a place that’s truly your own, especially since you can customize it to your liking. “The personal satisfaction and sense of accomplishment achieved through homeownership can enhance psychological health, happiness and well-being for homeowners and those around them.”

Civic Participation: Homeownership creates stability, a sense of community, and increases civic engagement. It’s a way to add to the strength of your local area and drive value into your neighborhood.

 

Financial Benefits

Buying a home is also an investment in your financial future.

 

Net Worth: Homeownership builds your net worth. Today, the median household net worth of all homeowners is $254,900, while the median net worth of renters is only $6,270.

Financial Security: Equity, appreciation, and more predictable monthly housing expenses are huge financial benefits of owning a home. Homeownership is truly the best way to improve your long-term financial position.

 

Economic Benefits

Homeownership is even a local economic driver.

 

Housing-Related Spending: An economic force throughout our nation, housing-related expenses accounted for more than one-sixth of the country’s economic activity over the past three decades.

Entrepreneurship: Homeownership is also a form of forced savings that can provide entrepreneurial opportunities. “Owning a home enables new entrepreneurs to obtain access to credit to start or expand a business and generate new jobs by using their home as collateral for small business loans.”

 

Bottom Line

The benefits of homeownership go well beyond the basics. Homeownership is truly a way to build financial freedom, find greater satisfaction and happiness, and make a substantial impact in your community. If owning a home is part of your dream this year, let’s connect so you can begin the homebuying process today.

 

Source.. KCM Don 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 Silver Creek
Feb. 2, 2021

Almaden Valley Homes For Sale | Want to Build Wealth? Buy a Home This Year.

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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.    

 

Check out the Almaden Valley Real Estate Market Report here!  

 

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

Today I would like to speak to you about Want to Build Wealth? Buy a Home This Year.

 

Every year, households across the country make the decision to rent for another year or take the leap into homeownership. They look at their earnings and savings and then decide what makes the most financial sense. That equation will most likely take into consideration monthly housing costs, tax advantages, and other incremental expenses. Using these measurements, recent studies show that it’s still more affordable to own than rent in most of the country.

There is, however, another financial advantage to owning a home that’s often forgotten in the analysis – the wealth built through equity when you own a home.

Odeta Kushi, Deputy Chief Economist for First American, discusses this point in a recent blog post. She explains:

 

“Once you include the equity benefit of price appreciation, owning made more financial sense than renting in 48 out of the 50 top markets, with the only exceptions being San Francisco and San Jose, Calif.”

 

What has this equity piece meant to homeowners in the past?

ATTOM Data Solutions, the curator of one of the nation’s premier property databases, just analyzed the typical home-price gain owners nationwide enjoyed when they sold their homes. Here’s a breakdown of their findings:

 

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The typical gain in the sale of the home (equity) has increased significantly over the last five years.

 

CoreLogic, another property data curator, also weighed in on the subject. According to their latest Homeowner Equity Insights Report, the average homeowner gained $17,000 in equity in just the last year alone.

 

What does the future look like for homeowners when it comes to equity?

Here are the seven major home price appreciation forecasts for 2021:

 

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The National Association of Realtors (NAR) just reported that today, the median-priced home in the country sells for $309,800. If homes appreciate by 5% this year (the average of the forecasts), the homeowner will increase their wealth by $15,490 in 2021 through increased equity.

 

Bottom Line

As you make your plans for the coming year, be sure to consider the equity benefits of home price appreciation as you weigh the financial advantages of buying over renting. When you do, you may find this is the perfect time to jump into homeownership.

 

Source.. KCM Don 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
Jan. 26, 2021

Silver Creek Homes For Sale | What’s the Difference between an Appraisal and a Home Inspection?

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Locals know that Silver Creek Valley is a great place to raise a family.  The scenic Silver Creek Valley resides on a mountain ridge and is bordered by numerous oaks and environmentally protected areas thru the heart of the community while the hillsides, parks and golf courses have estates that can see all the way to San Francisco on a clear day.  There's is an abundance of open space, hiking trails and great schools. 

 

Silver Creek value comes from its welcoming warm atmosphere, where neighbors participate enjoying various spectacular amenities enjoying a great convenient location.

 

There are many upscale home styles and communities to choose from. All the great neighborhoods; Silver Creek Country Club (Gated community), Bel Aire Luxury Estates, The Ranch, Hillstone, The Meadowlands, Tuscan Hills and California Oak Creek have this in common. Pride in ownership is obvious when the residents, whether renters or owners, maintain their homes and care about their neighborhood. 

 

Every home buyer has a wish when looking for a home, while not all of them are granted, the ‘feel good magic’ happens when they start selling homes around neighborhoods of this beautiful area.

 

It's the people what makes this place a little different from others, It's a great place to live.

Today I would like to speak to you about What’s the Difference between an Appraisal and a Home Inspection?

 

If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. It’s also a different step in the process from a home inspection, which assesses the condition of the home before you finalize the transaction. Here’s the breakdown of each one and why they’re both important when buying a home.

 

Home Appraisal

The National Association of Realtors (NAR) explains:

 

“A home purchase is typically the largest investment someone will make. Protect yourself by getting your investment appraised! An appraiser will observe the property, analyze the data, and report their findings to their client. For the typical home purchase transaction, the lender usually orders the appraisal to assist in the lender’s decision to provide funds for a mortgage.”

 

When you apply for a mortgage, an unbiased appraisal (which is required by the lender) is the best way to confirm the value of the home based on the sale price. Regardless of what you’re willing to pay for a house, if you’ll be using a mortgage to fund your purchase, the appraisal will help make sure the bank doesn’t loan you more than what the home is worth.

 

This is especially critical in today’s sellers’ market where low inventory is driving an increase in bidding wars, which can push home prices upward. When sellers are in a strong position like this, they tend to believe they can set whatever price they want for their house under the assumption that competing buyers will be willing to pay more.

 

However, the lender will only allow the buyer to borrow based on the value of the home. This is what helps keep home prices in check. If there’s ever any confusion or discrepancy between the appraisal and the sale price, your trusted real estate professional will help you navigate any additional negotiations in the buying process.

 

Home Inspection

Here’s the key difference between an appraisal and an inspection. MSN explains:

 

“In simplest terms, a home appraisal determines the value of a home, while a home inspection determines the condition of a home.”

 

The home inspection is a way to determine the current state, safety, and condition of the home before you finalize the sale. If anything is questionable in the inspection process – like the age of the roof, the state of the HVAC system, or just about anything else – you as a buyer have the option to discuss and negotiate any potential issues or repairs with the seller before the transaction is final. Your real estate agent is a key expert to help you through this part of the process.

 

Bottom Line

The appraisal and the inspection are critical steps when buying a home, and you don’t need to manage them by yourself. Let’s connect today so you have the expert guidance you need to navigate through the entire homebuying process.

 

Source.. KCM Don 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 Silver Creek
Jan. 19, 2021

Almaden Valley Homes For Sale | Why Right Now May Be the Time to Sell Your House

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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.    

 

Check out the Almaden Valley Real Estate Market Report here!  

 

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

Today I would like to speak to you about Why Right Now May Be the Time to Sell Your House

 

The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows.

 

According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buyer demand across the country is incredibly strong. That’s not the case, however, on the supply side. Seller traffic is simply not keeping up. Here’s a breakdown by state:

 

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As the maps show, buyer traffic is high, but seller traffic is low. With so few homes for sale right now, record-low inventory is creating a mismatch between supply and demand.

 

NAR also just reported that the actual number of homes currently for sale stands at 1.28 million, down 22% from one year ago (1.64 million). Additionally, inventory is at an all-time low with 2.3 months supply available at the current sales pace. In a normal market, that number would be 6.0 months of inventory – significantly higher than it is today.

 

What does this mean for buyers and sellers?

Buyers need to remain patient in the search process. At the same time, they must be ready to act immediately once they find the right home since bidding wars are more common when so few houses are available for sale.

 

Sellers may not want to wait until spring to put their houses on the market, though. With such high buyer demand and such a low supply, now is the perfect time to sell a house on optimal terms.

 

Bottom Line

The real estate market is entering the year like a lion. There’s no indication it will lose that roar, assuming inventory continues to come to market.

 

Source.. KCM Don 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