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The economy in 2015 continued to improve complete with existing home sales hitting nine-year highs due to job growth, rising consumer confidence, and low interest rates. Individual micro markets vary from zip code to zip code and consistent year over year gains are everywhere, but there may be flattening on the horizon with the potential for interest rate increases in 2016 along with buyers wanting to take a breather and wait for another pullback in prices.Read More »
Do You Want To Shoot Yourself In The Foot? Sell Your Home Off-Market Or Don’t Expose It To The Multiple Listing Service With An Open House – That Will Do The Trick Every Single Time – Guaranteed!
No matter what you call it, “off-market, private, or pocket listings” are on the rise again as sellers are somehow being persuaded again to keep their properties off of the Multiple Listing Service and out of the stream of commerce during this “red-hot” real estate market. The typical “song-and-dance” they are told is that by keeping their property listing ‘private’ their privacy will not be invaded by troops of public gawkers walking through their homes, and that they will not have to hassle with signs, lock-boxes, and agents showing their property, etc. Whatever the rationale that is being sold to sellers it is unfortunate because they are actually unknowingly leaving large percentages of potential profits on the table.Read More »
I can’t remember a listing where my client didn’t ask me, “[H]ow many offers will I get on my house? It’s a crystal ball question, but usually the answer is – “we will probably get several if we price it correctly.”
The juggernaut seller’s market continues to march forward like a rapid moving lava flow covering the entire landscape in its path. Needless to say this market condition is confounding to buyers looking to get a piece of Silicon Valley real estate and claim their stake for their families. Low inventory combined with the high-tech industry seemingly on fire continues to keep prices moving higher and higher. There are many qualified buyers in every price range and it is difficult to be successful when there is such great competition.Read More »
Cost Value Ratio 2015 – What Are The Best Improvements Sellers Can Make To Improve Return-On-Investment?
Last year I wrote an article on “Cost-Value Ratio” or more appropriately what improvements are the best return-on-investment for homeowners or sellers – see link right here – http://shellyrobersonrealtor.com/home-improvements-critical-now-more-than-ever/. Home improvements are critical for sellers and buyers alike, but are sellers getting the right advice? Consistently I see mistakes by sellers, usually at the advice of their realtors. Here is some factual evidence that sellers can use, despite their realtor’s advice, which have real data to back up the recommendation.Read More »
Here is a quick recap of the new 2015 real estate laws effecting owners, residents, real estate agents, and brokers. How these laws effect you, your business interests, your family, landlords, and tenants vary greatly depending on your individual circumstances, but please read and make yourself aware of the basics. For detailed analysis or any questions don’t hesitate to give me a call 1-650-464-3797 or send me an email to firstname.lastname@example.org.Read More »
The Palo Alto City Council will consider whether or not, and how, to change or adjust land-use designation process within city limits. The Council will begin Monday October 6 to look at modifying the city’s somewhat difficult planned-community zoning, which was paused due to a citizen referendum. The current zoning which has been in place since the early 1950s gives developers options to seek exceptions to current development rules in turn for public benefits that are negotiated on a case-by-case basis. Previous public benefits include everything from public common plazas, retail stores, sculptures, and affordable residential units.Read More »