Be a Smart Buyer/Seller

Tips for sellers in short sales

  The “short sale” begins when the seller has trouble of making mortgage payments and the potential sale price is less than the mortgage amount. The seller or their agent approaches the lender asking if the banks or lenders are willing to settle for less if and when a purchase contract is signed. There are [...]

Fannie Mae and Freddie Mac takeover

The biggest financial news from yesterday and today is Fannie Mai and Freddie Mac takeover by government. In another words that Fannie Mae and Freddie Mac have been placed into “conservatorship” and will be overseen by the Federal Housing Finance Agency. This takeover means that the government will temporarily run Fannie and Freddie until they [...]

Move up?? Chase the market?

Today I received a call from a home owner, he said “ I want to sell my north Sunnyvale home and move to the south Sunnyvale. This year my home price tanked! The price has dropped at least 17% from 2007. How can I move up?” I told him:” The homes from more desirable areas [...]

E-Waste Event July 26th -July 27 2008 9AM – 3 PM

July 26th to July 27 9 AM to 3 PM the Goodwill of Silicon Valley and Electronoic recyclers International are hosting a FREE Electronic E-Waste Event today and tomorrow. The E-waste contain hazardous lead and mercury, and these toxic substances eventually leak and contaminate landfills. It is illegal to dispose of e-waste in the trash. [...]

Short Short Short … What is a Short sale? 1 of 2

“Short sale” becomes a buzz word nowadays but what is that? According to About.com the short sale is A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than [...]

Palo Alto, Mountain View, Cupertino, Sunnyvale are in seller market.

Silicon Valley Single Family Inventory Report as July 1st 2008 by Kathy Gamch – Chicago Title   # listings Pendings #Active %Pending # short pending #active short sale Evergreen 516 108 408 21% 50 220 Alum Rock 1000 183 817 18% 71 441 Berryessa 377 101 276 27% 45 104 Milpitas 199 52 147 26% [...]

Two Silicon homes have a differnt apprication?!

  I found a 3 bedrooms 2 baths home for 1203 sqft home with lot 5978 sqft at901 Gerard way San Jose was closed for $620K August 1 2006 now at the market as the bank owned property since June 24 2008 only asking $310,000. If you jump the conclusion that the Silicon Valley homes [...]

Preparing your house for a home inspection or sale

This morning Corey Folsom, property Inspector, inspected a Pebble Beach home I just sold. He  gave me  some reading material. I found this article is extremely important for the home sellers. He listed 15 items to prepare a home for the inspection: 1. Secure or remove unruly pets for the time of the inspection. 2. Create clear [...]

De-Clutter is key of staging home to sell

Clutter-free interiors allow potential home buyers to see all of the home can offer — resulting in a shorter sales and a higher selling price. The fewer items there are in a home, the easier it is for a home shopper to visualize the space of their own.  I pick up some good declutter tips [...]