bay area real estate: To Have or Forgo Contingencies When Buying a Home - 02/16/13 05:37 AM
To Have or Forgo Contingencies When Buying a Home

So, contingencies, yes--well as agents, we love them because they help insulate us from future lawsuits. But as a buyer, they can cost you money and they will most certainly cost you a home or two in a competitive market. Here's why. Faced with a multiple offer situation on a property, buyers will often try and make their offer stand out above their competition. And there are two ways to do that--the terms they offer and the price they pay.
In a multiple offer situation, buyers often exceed the asking price … (1 comments)

bay area real estate: Median Price Methodology: Why it's so Confusing! - 01/10/08 03:00 AM
The methodology of reporting median home prices varies depending on the source. The MLS uses the aggregate method of calculating the median based on the preceding twelve month sales. We discuss why in a changing market this system is flawed at best.
Standard & Poor's methodology is perhaps the most accurate, but it relies heavily on past sales and is therefore better suited for looking at historical trends than illuminating current market conditions.
We employ another approach which is to examine the most recent month's sales, and adjust for larger or smaller homes selling to help mitigate wild fluctuations in median price … (0 comments)

bay area real estate: Days on Market and Price Received Correlation - 01/10/08 02:47 AM
Days on Market and Price Received Correlation
Though the nation's mortgage industry is tumultuous at best, the peninsula market in the Bay Area is faring much better.
Last month 17 homes sold as compared to 14 in 2006 and off the high of 25 in 2005. That's a glimpse the market may not be getting too much worse.
Of those 17 sales eight sold over the seller's asking price, two sold at asking and seven homes sold under asking.                                                                                     
The average time it took to sell a home was 39 days. Of the homes which sold over asking however, they took only 18 … (0 comments)

bay area real estate: Alternative Real Estate Models - 12/11/07 11:37 AM
Drew & Christine Morgan, … (0 comments)

bay area real estate: Examing The Real Estate Model-Part two in a series - 10/02/07 09:51 AM
Examining the Real Estate Model-Part 2
In a strong seller's market it's much easier to sell a home. In recent years many Bay Area homes have been selling over the asking price in a week or two and with multiple offers. With record high median prices, it's not surprising that many would flock to the industry to get a piece of the action. Unfortunately, the market has changed and many of the start-up virtual companies may find it difficult to attract clientele. While the temptation to hire a bargain basement company may be attractive given a decrease in available equity, that's … (0 comments)

Drew & Christine Morgan, Belmont California Real Estate (RE/MAX Star Properties)

Drew & Christine Morgan

Belmont California Real Estate

Belmont, CA

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RE/MAX Star Properties

Address: 1940 Ralston Ave., Belmont, CA, 94002

Office: 650-590-4525

Mobile: (650) 464-7654

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Drew & Christine Morgan focus on issues in Belmont California that affect the local real etate market and quality of life.



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