Quick Exterior Fixes to Ensure a Quick Home Sale

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Many homes sell as result of a successful open house. However, you may miss out on a potential sale if your home doesn’t look great from the curb. Here is a checklist of Quick Exterior Fixes to ensure a Quick Home Sale. For the checklist of Interior suggestions see Quick Interior enhancements to ensure a Quick Home Sale. Big Picture Walk across the street from your home and check your home … [Read more...]

Silicon Valley Real Estate | 9 Tips for Today’s Buyers

Silicon Valley Real Estate | 9 Tips for Today's Buyers 1. Don’t buy if you can’t stay for at least three years. If you cannot commit to remain in one place for the next three years, then owning a home is probably not for you. Home appreciation in the Silicon Valley is currently too volatile. Although home prices are stabilizing, short sales and foreclosures are still bringing home prices … [Read more...]

Where should I put the doggie door?

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This is a question I recently received… Hi Tom! My husband and I are about to move into our new house, which we have spent a lot of time and money remodeling. We have a dog that is trained to use a doggy door to go outside. At our new house, we plan to install the door at the rear-end of the house, (right by our nice new kitchen). The question is, is it better to install the dog door in the … [Read more...]

Home Buyer Seminar Featuring Tom Stynes

Tom Stynes, Broker, ABR (Accredited Buyer's Representative), and CRS (Certified Residential Specialist) will be the featured speaker at a Home Buyers Seminar sponsored by Suzette Elliott, your local Sunnyvale State Farm Insurance agent. The seminar location and time will be: The State Farm Office - 771 East El Camino Real, 2nd Floor - Sunnyvale, CA 94087 Wednesday, April 22nd - 6:00 – 8:00 … [Read more...]

Jumbo conforming limits going back to $729,750 as of May 1

My lender just shared this great news with me: Fannie Mae announced yesterday that, beginning May 1, 2009, it will accept loans originated in 2009 using the higher of the current permanent high-cost loan limits, or the temporary loan limits that were in place in 2008 ($729,750). This change is due to provisions in the American Recovery and Reinvestment Act (ARRA) of 2009.  Fannie Mae is … [Read more...]

Why Are Real Estate Agents Reluctant to Work a Short Sale?

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In my opinion, most agents hate working on short sales. The reason is very simple, the agent never knows if they will be paid for their work. In my experience as a listing agent, you’re often working with a seller who may not be 100% open regarding his or her financial situation. You may be working with a bank/servicer who's buried in hundreds if not thousands of files moving slowly toward … [Read more...]

First Time Homebuyers Positive on Housing Market

I just read a survey produced by Move Inc. pointing out that First Time Homebuyers will make up over half (53.5%) of this year’s new homeowners. This is compared to 2008 when First Time Home Owners were 41% of the buying population. This is a very positive sign. This means contrary to common opinion, buyers are planning to plug the trigger to buy now that the numbers finally make sense. One … [Read more...]

Is the Silicon Valley Starting To See Jumbo Loan Relief?

In my recent conversations with local lenders I’m starting to hear a definite sense of optimism that Jumbo loan (Loans above $730,000) lending is starting to improve. In fact, Bank of America is gearing up a new program which will be introduced in late April for loans up to $1.5 Million. These 30 year fixed rate loans are projected to be in the upper 5 percent range vs. present rates which hover … [Read more...]

The 2009 Homebuyer Tax Credit and you…

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 On February 17, 2009, President Obama signed the “American Recovery and Reinvestment Act of 2009.”  The stimulus package is full of provisions designed to increase America’s spending and within the bill is an $8,000 tax credit for first-time homebuyers.  Unlike the tax credit that congress passed last year, the 2009 credit does not need to be repaid.  However, the new credit does … [Read more...]

Ten Tips For Choosing A Contractor In The Silicon Valley

I am frequently asked, "Can you recommend a good contractor? And secondly, how do you verify if a contractor is licensed in California, properly insured and will treat us fairly?"  While there are no guarantees in life, here are few suggestions which might help you: Hire only licensed contractors. Check contractors' license numbers or by calling 800-321-2752. Get at least three … [Read more...]