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Archive | March, 2008

Subprime Problem is Not Serious in SV - Silicon Valley

Posted on 28 March 2008 by gracekeng

Larry Stone Credit from the Friday Facts 

Larry Stone,

Santa Clara County assessor came to speak at the Silicon Valley Association Realtors Cupertino Sunnyvale tour meeting last week. I always enjoy his speech. Larry provides good county wide real estate information.  Larry Stone reported Santa Clara County has fewer assessment appeals than any other county in

California
because his department is one of eight that mails homeowners a preliminary assessed value before the roll closes. Stone said

Silicon Valley’s high productivity has a downside because the amount of warehouse space that businesses need has declined tremendously due to technology and outsourcing. “We are the most productive place in the country, but technology has contributed to the downturn after 2002,” Stone said. Stone knows the current biggest problem affecting housing market is credit availability. The underwriting guide line has become stricter, and as a result, transactions have declined 30 percent this year and new construction is down 20 percent. However, the county’s high-end residential market is still very strong, but market for condominiums & townhomes has softened, especially in Morgan Hill, Gilroy, Milpitas and South and East San Jose, which are areas currently experiencing the biggest problems of foreclosures and subprime loans. He reported the county’s commercial and industrial sectors  “are very hot right now.” The Office space rents are up 32 percent, and vacancies are down 25 percent. The real estate Investment continues to be strong in the Valley, with $7 billion invested in

Silicon Valley property in 2007.Stone invited us to visit his office Web site at http://www.scc-assessor.org/ for the latest news and information on property tax laws and regulations. I like to credit the article of SILVAR Friday Facts..

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What is the #1 mistake the home sellers can make? 2 of 2

Posted on 21 March 2008 by gracekeng

sold-home.jpg

There is a saying that “Fail to Prepare: Prepare to Fail”  is #1 rule for the job interviewer. It is exactly same true for home sellers. It is time to sell the homes. It is the show time!It is time for the seller , real estate agent and or home stager  works together to prepare it to be SOLD! Please show the best side of your home. From the study of

I like the article of the best staging tips  from Staging Rants & Ravings for example:

  1. START WITH THE  ENTRANCE – No matter you are on a job interview, or going to the first date or selling your home… first impressions matter.  So clean it up, touch up the paint, add plants and flowers… in general, make the buyer feel welcome. Here’s HGTV’s TIP#1 entitled: Make An Entrance.
  2. CLEAR OUT ALL CLUTTER - Look at the counter tops, cabinets, closets, garages, basements, and attics as storage spaces. So clear it out. Here’s HGTV’s TIP#2 entitled: Conquer Clutter.
  3. LESS FURNITURE IS EQUAL TO BIGGER HOUSE - A room full of furniture can feel as cluttered as an accountants desk top during tax season. Clearing the furniture could free up a lot of room you have not noticed. Here’s HGTV’s TIP #3 entitled: Less is More.

The staged homes sells faster, increases the net value, more buyers will like it and increase the possiblity of seller to receive the mutiple bids offers. From the HomeGain report of the Home Sell Maximum Guide 2008 the top three areas to improve are: Lighten & Brighten, De-Clutter, and the Landscape front and backyard. If you are in the market to sell home, please insist on preparing 1st before you put your for sale sign.

Comment posted by Real Estate Blocks » Blog Archive » What Is The #1 Mistake Sellers Make? Part 2
at 3/25/2008 9:28:51 PM

[…] PREPARATION of a home for sale brings in buyers. Grace Keng has an excellent post on what home sellers need to do to prepare their home for sale.  The links […]

Comment posted by val
at 3/25/2008 9:14:35 PM

I agree completely. Staging a home is so important, especially the front door. Sellers should as a matter of routine in selling repaint the front door, and add color as needed to draw attention to the entrance. This is a wonderfully well done post, with excellent links.

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