palo alto short sale specialist: Even in Palo Alto's Heated Market, Overpricing is Not a Good Idea
- 10/06/12 08:32 AM
Everyone knows Palo Alto's housing market is hot, homes get multiple offers, and sales can be wildly over asking price, but that does not mean a seller can price his/her home at any price and get these results. As a long time Palo Alto real estate agent I can assure you that today's buyers are more informed than any buyers from previous years. Most buyers looking at a specific neighborhood are as informed about values as most realtors helping them. They know what has sold, and for how much and they know how the recent sales compare to your home, so … (0 comments)
palo alto short sale specialist: Palo Alto Ca Short Sale/Bank Owned Round Up
- 07/30/12 05:46 AM
In Palo Alto from Jan 1, 2012 until June 30, 2012 there were: 1 closed short sales 3 closed bank owned homes Total sales during this time period were 284 Total % Short Sales: .3% Total % REO Sales: .9% Total Percentage Palo Alto Distressed Properties: 1.2% 1.2% of all Palo Alto sales being distressed properties is not enough to even comment on. The price of homes have in Palo Alto is now up to pre 2008 prices in the $2,500,000 price range and the homes over $2,500,000 usually do not have loans that are a very high percentage of their value so anyone … (0 comments)
If you have an questions about short sales in The Silicon Valley please feel free to contact me. Marcy Moyer Keller Williams Realty marcy@marcymoyer.com www.marcymoyer.com 650-619-9285 D.R.E. 01191194
Single family and condo townhomes 2011: Total sales: 590 Short Sales: 13 REO: 9 Distressed sales as a percentage of total sales: 3.73% Compare to 2010 Total sales: 563 Short Sales: 8 REO: 6 Distressed sales as a percentage of total sales: 2.5
My conclusion: The percentage of distressed properties in Palo Alto are not enough to make a difference in the market value of … (0 comments)
palo alto short sale specialist: Why A Palo Alto Short Sale Agent is Working on Christmas Eve
- 12/24/11 10:37 AM
One of the best things that has happened to short sales in the last couple of years is the on line platform for processing a short sale. There are several platforms in use, but Equator is one of the more popular ones, and is the one used for Bank of America and Wells Fargo Short Sales. So, instead of your agent having to fax all the documents, usually several times, the short sale documents are uploaded as PDFs onto the Equator web site. In order to keep the process moving forward Equator will assign a task to be fulfilled by the … (2 comments)
Everyone knows Palo Alto's housing market is hot, homes get multiple offers, and sales can be wildly over asking price, but that does not mean a seller can price his/her home at any price and get these results. As a long time Palo Alto real estate agent I can assure you that today's buyers are more informed than any buyers from previous years.
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