Its a great time to buy. That is because the interest rates are sooo low. Would I buy now? ABSOLUTELY! At present its tending to be a seller's market, mainly because of a high demand and low inventory. That means that a buyer will have to compete and their agent will have to work harder, ultimately you will get the house of your choice. When the rates are so low, your purchase power is high, and you LOCK the rate for 30 years. Why would you wait for the rates to go up?
Good luck! and buy if it is the right time for you.
Yes its a great time to sell, do get in touch.
There are some that sold on Munich terrace, La Rochelle for over $700K.
Do get in touch with us.
Ruth & Perry
Bernanke said he is going to keep interest rates low for the next few years so if the employment levels stay high I would be surprised if prices go down before 2015. It could happen, but I would not count on it.
The interest rates were already low but just recently they went even lower. I just refinanced again.
However, the reason I said that's bad for you is buyers are rushing to take advantage of the low interest rates, which spikes up the sales price. You should wait for the interest rates to go back up, so that more buyers can no longer afford as much, thus the prices will fall. It's supply and demand. The more buyers that get priced out of the market, the less competition you will have.
If you are trying to buy in areas with high scoring schools, or if you are trying to buy a home that is priced very well in order to generate multiple offers expect a lot of competition.
However, if you can manage to buy the home you want you will have low interest rates and probably some years of good appreciation.
Keller Williams Realty Palo Alto
Intero Real Estate Services, Cupertino.
Keller Williams Realty
Don't think too much about the seasonal trends. Last couple years the seasonal trends were not as consistent as before. You know the market today, you know the lending climate today. If the time is right for you to sell then go for it. Find a good realtor, sign a contract and put it on the market ASAP.
If you are planning to both sell and buy a home, then you should consider putting your house up for sale shortly after your purchase offer is accepted. That way you will be able to move directly from one home to the other and minimize how long one of the homes is vacant. Using the same realtor to both sell and buy could make planning and adjustments easier.
I would love to talk with you and give you more specific information and advice. Please give me a call.
650-857-1000 (cell phone)
Over 20 years experience selling Silicon Valley real estate
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I've sold over a thousand homes in Silicon Valley.
Furthermore a local experienced Realtor, one who will be honest and straightforward with you, will
also be able to show you how busy your area market is at this time and if you should put your home on the market now or after the New Year / Spring.
Here is my little thought, if you are putting your home on the market during a more active part of the
market, not only might you have more buyers looking, but you will at the same time have more ho mescompeting with yours, so may be when there is less competition on the market, yours can stand out.
If you need a recommendation for a good Realtor in your area, let me know and I gladly make some good recommendations.
Hope this helps somewhat
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Our inventory is seasonably low and buyers are still hoping to catch those low interest rates. It appears most if not all listings are getting multiple offers.
Have an amazing day!
The demand is very high. Many buyers do not have school age children so there does not seem to be a let up in the number of buyers out there at this time of year. While it is possible that your home may be worth more next spring than now, it is not a certainty. Things in the outside world can happen to make the market change so if you sell now you may be leaving money on the table, but if you sell next spring values may not be as good as they are currently. As of today there are only 14 townhomes/condos on the market in Sunnyvale that are resales. Of those, none are in 94089, and none are less than 13 years old. As you can see there is no competition right now which makes this an ideal time to be on the market. Also recent sales have been in the 645-665K range which is in your target price.
Hope that helps!
Keller Williams Realty
Thanks for your post.
To be frank, while in "normal" years, I might be able to confirm that the market has fallen off after the school season starts, I can't really say that this is the case this year. What we're seeing is a "less robust" market than may have been present in June, July and the early part of August, but it's still the seller's market. In fact, there are many homeowners receiving multiple offers for their homes in the Cumberland section of Sunnyvale, so there is plenty of market there if you want to sell.
As for the price you hope to attain, a lot will be riding on the condition of the home, the location within the community (near a busy street or more within the community) and the comparable sales within the community and in the area. I think a home was listed in Danbury earlier this year, but I did not remember the sales price at the time, so there are comparables to confirm or not your ability to get your target price.
My suggestion is to find a great Realtor to work with you in getting a home evaluation and comparable market analysis. Once you have this information, you'll be better able to judge whether or not you'd like to list now or wait until the spring or summer of 2013.
Good luck to you!
Allison James Estates
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