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Tag Archives: return on investment

How Many Offers Will I Get On My House?

How Many Offers Will I Get On My House?

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.

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West San Jose’s Country Lane Neighborhood Is No Longer A Hidden Treasure

West San Jose’s Country Lane Neighborhood Is No Longer A Hidden Treasure

Previously known as Gubserville1 during the 1880-90’s West San Jose’s Country Lane Neighborhood is rapidly becoming one of the most sought-after neighborhoods in the West Valley for several varying reasons.  First of all it is bordered with well-defined boundaries and has a centrally located amazing elementary school which kids and families can walk to (Saratoga Avenue on the east, Doyle Road on the north, Lawrence Expressway on the west and Graves Avenue on the south).

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How To Avoid The Big Housing Crunch Awaiting Many Baby Boomers

How To Avoid The Big Housing Crunch Awaiting Many Baby Boomers

There Are Dire Predictions For Baby Boomers But It Can Be Overcome With Planning

Those American Baby Boomers born between 1946 and 1964 are facing some pretty serious issues in the foreseeable future none of which are as daunting as the cost of housing in their retirement years.  Notwithstanding the estimated costs of $220,000 a couple will need in retirement for health care costs housing costs will dwarf that number as most experts believe that boomers will be forced to spend in excess of 30% of their monthly incomes supporting their abodes.  The struggle is just beginning because housing costs, both for ownership and for rentals, is skyrocketing throughout the country.

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Paying Off Your Mortgage Early Might Not Be the Investment You Think It Is

Paying Off Your Mortgage Early Might Not Be the Investment You Think It Is

There are Better Investments Available Instead of Paying Down Your Mortgage

Mortgage is Latin for “dead-deed.”  Black’s Law Dictionary defines mortgage as an interest in land created by written instrument providing security for the performance of a duty or the payment of a debt.  Mortgagees are the banks who lend money secured by real property and mortgagors are the borrowers who are obligated to repay the mortgagees for possession and title of the real property. 

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What Are Hard Money Loans And Why Aren’t They For Everyone?

What Are Hard Money Loans And Why Aren’t They For Everyone?

 

Importantly, hard money loans are not for first time home buyers.  Hard money loans are typically loans of “last resort” for borrowers who can’t find a conventional loan to accomplish the debt bridge between the down payment and the purchase price of real estate.  Hard money loans have sharply higher interest rates and usually are expensive to originate – much greater than traditional real estate financing.  Hard money loans are often used to bridge financing between undeveloped land and construction or to take advantage of a great deal that has to close quicker than they could get traditional financing.

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