Happy new Year 🙂 Hope the new year is treating you well!
The market has been truly interesting … inventory is very low and there is tremendous amount of activity from buyers … It is a great time to be a seller!
Even for buyers it is probably a good time to buy before interest rates hike up any further, and it is expected to in the coming months …
A note to all considering Solar Leases … If you plan to stay long term in your current home it’s probably a great idea. But two of my transactions this last year had speed bumps because buyers still have concerns regarding taking on something that is conceptually relatively new. I also faced a recent incident of East coast investors having a hard time approving the lease terms … and this despite Tesla/Solar City being as cooperative as possible.
As we start the new year I’d like this opportunity to thank you for your support always! Like in any other field, my work has it’s challenges, but it’s the people I serve that make all of it worth it – Thank you!
Lastly – this will be a special year 🙂 … when I started working in real estate mid 2011, I had this very ambitious goal of helping 100 families in 5 years … it’s more than 5 years now but I am still looking forward to that Happy Hundred … I’m at 82 and counting, so please let me know who you think I can help next!
Hope you all are doing well …
Wanted to keep you updated regarding the
real estate market here in the
Bay Area … As you might have heard, all over the
Bay Area inventory is historically low … Recently a house in Sunnyvale sold for close to $800,000 over asking and here’s some more on that story
Of course real estate is hyper local and different areas, neighborhoods, have their own dynamics …
In some ways it is a challenging time for buyers with the limited inventory … but since interest rates are still historically low, this is a good time to get off the fence and get started … in fact the market shows consistent growth year-to-year so prices and interest rates will probably inch up higher next year affecting the purchasing power of some buyers .. Here’s some graphs to show the limited inventory and consistent increase in prices in the different counties …
..For anyone looking for dedicated real estate service and proven results, I am here to help 🙂
Hope you all are doing well!
Now that Super Bowl is over, the Bay Area real estate market is ready to get started!!!
Just came back from an event in Palm Springs with 700 other top-producing realtors from all over the US ,Canada, and across the world … It was good to learn about best practices and take a few moments to think about what excites me … For me that would be meeting people 🙂 …
Wanted to give you a brief update on the market …. Jobs report came out strong and the stock market is doing well too, so interest rates are expected to have further hikes later this year … If you or anyone you know has been sitting on the fence thinking of buying, now is the time to start your search … Please let me know if you’d like to talk to one of my lending partners to find out more … Inventory is still very tight (so now is still a great time to be a seller) and most houses are getting multiple offers if priced right … Last week two of my clients’ offers got accepted, both were multiple offer situations and required some amount of turning cartwheels ( by yours truly) to get offers accepted …. Super happy for my clients!!
Lastly, one of my lawyer contacts, Simona Zakheim, is organizing a free seminar for parents with minor children. The seminar will cover financial issues affecting parents, how to pay for children’s college education and plan your estate for their financial future. This will be held on March 8th, 2017 6:30pm-8pm
– Whether your child is 16 days or 16years old I highly recommend that you consider attending the seminar and finding out more … For more details please message me at RiniRealtor@gmail.com or call me at (408) 836-2383
for more information.
Here’s to our mutual growth and well-being!
Hope the new year is treating you well!
Wanted to take this opportunity to thank you for your support always! 70% of my business is by referral and I truly appreciate you helping me grow my business … It is now a year since I moved to Coldwell Banker Palo Alto office … it’s been a very positive experience and I’m enjoying growing my clientele in the Peninsula as well as serving those in the Fremont-San Jose belt.
On the mortgage side, loan limits have increased a bit and for FHA Buyers ( buyers looking to buy with 3.5% or more downpayment) the private mortgage insurance has reduced significantly!! This will surely bring in more buyers into the market and may also push up prices a little bit in the entry level market … And although interest rates are expected to rise multiple times this year, it will still remain historically low …
Housing inventory all over the Bay Area is very limited right now and it’s a good time to start planning if you’d like to list or buy this coming year … My Team and I look forward to helping your house look it’s shiny best so that buyers fall in love with it, and we will market and negotiate to get you multiple offers and top dollars!!! And for our Buyers, we will not rest till we get you the best 🙂
I look forward to catching up with you sometime soon!
Hello and I hope you all are doing well!
There’s been changes in the market since the elections and I thought I should share some of the market readings with you … Interest rates have been going up, which means that buyers can afford less than they could a few months ago … Yet lending limits/norms are being eased somewhat so there are more number of first-time home buyers expected in the coming months …
Since current home values are at a record high it may be a great time to tap into your Equity and get an Open Equity Line. If you’ve been thinking of making upgrades, renovations, or an investment purchase this may come in handy …
On a different note – keeping with the Christmas Spirit our office is having a Toy Drive and A One Warm Coat Drive – the last date for collections is on 12/12 so please let me know if there’s anything you’d like to donate over the weekend?
Wishing you and yours the very best this Holiday Season and always!
PS: Property Tax is Past Due after December 10th …