selling a home in palo alto: Selling a House In Palo Alto With A Lot Of Equity And Deferring Taxes
- 01/19/17 07:38 AM
Selling a House In Palo Alto With A Lot Of Equity And Deferring Taxes
Many owners of homes in higher priced areas like Palo Alto are living in homes that are larger than they need or just have so much equity in them that if they sell there would be a huge tax bite. At this moment in time, if the Palo Alto home is kept until the owners pass then the heirs can inherit the Palo Alto house tax free in many cases.
Many retired couples are faced with this dilemma and are at a loss as to what is the best … (3 comments)
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selling a home in palo alto: How Much Over List Price Are Palo Alto Ca Homes Selling in 2014?
- 03/20/14 12:43 AM
Anyone trying to buy a home in Palo Alto right now knows that it is tough out there. There are many more buyers than sellers and many Palo Alto homes sell with multiple offers way over list price. Some homes go as much as 30% over asking, but some do not. How does a buyer make the decision about how much to offer to have the winning bid in a Palo Alto multiple offer situation and not overpay? The answer is not simple, and sometimes it is not a question of price, but terms, like contingencies, length of escrow, length of rent back, etc. … (0 comments)
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selling a home in palo alto: Where Do Palo Alto Buyers Come From Part 3
- 12/26/13 12:37 PM
In Where Do Palo Alto Buyers Come From Parts 1 and 2 http://actvra.in/48kQ#sthash.72NoBZSb.dpuf, http://actvra.in/48hM#sthash.oRB1OcTH.dpuf I discussed the fact that 40% of buyers come from the internet and 35% come from other agents. That means that on a national basis 75% of buyers come from the internet or agents and 25% come from other sources. This blog will talk about those other sources.
On a National basis 11% of buyers will come from a yard sign. There are still people who want to buy in Palo Alto who will drive through neighborhoods looking for open houses and for sale signs. When you are selling … (0 comments)
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selling a home in palo alto: Where Do Palo Alto Buyers Come From Part 2
- 12/18/13 10:51 PM
Yesterday I spoke about the internet being the major source of buyers when selling a house in Palo Alto. Today I want to discuss real estate agents.
Palo Alto real estate agents are the second largest source of providing a buyer for the home you are selling in Palo Alto. When I first became a Palo Alto real estate agent 19 years ago agents were the number one source. While Palo Alto agents are no longer the keeper of all information, they are still an important resource when you sell your Palo Alto home.
Buyers look to their agents for advice and … (0 comments)
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selling a home in palo alto: Where Do Palo Alto Buyers Come From? Mostly the Internet!
- 12/17/13 10:55 PM
As a Palo Alto real estate agent I am often asked by potential sellers about my marketing plan. While it is true that it is probably easier to sell a home in Palo Alto than most other places, marketing is very important. However, the type of marketing that works in today's market is not the same as the type that worked 20 years ago, and this change should be reflected in your Palo Alto agent's marketing plan.
While over 80% of buyers start their home search on the internet, 40% actually find their home on the net. This is critical! … (0 comments)
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selling a home in palo alto: Don't Pay For Termite Repairs On A Palo Alto Home In Escrow
- 12/08/13 12:49 AM
As many of my blog followers know I sell a lot of Palo Alto homes in trust and probate. The owners were often very old, as are the homes, and frequently in need of repair. While it is often a good idea to keep repairs at a minimum in order to decrease the liability to the estate, sometimes it is necessary in order to allow buyers to be able buy and move into a home safely, or in order to increase the value exponentially.
I am currently sellling a Palo Alto home that needed some major bathroom repairs since it was unclear an adult could stand … (5 comments)
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selling a home in palo alto: Selling Palo Alto Home With Really Ugly Kitchen Counters?
- 12/07/13 12:37 AM
If you are going to sell an older home in Palo Alto which has really ugly counters you may be in a quandary about whether to leave them the way the are, or replace them so the house does not look so bad. Since so many of our older homes are being purchased as tear downs, or at a minimum for major remodel you may wonder if it is worth spending the money if the house and or kitchen are going to be demolished anyway.
I actually think that unless your home is red tagged by the city and unsafe to enter, it … (2 comments)
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selling a home in palo alto: Why It Is a Great Idea To List Your Palo Alto Home on Dec 26th
- 11/28/13 05:51 AM
I know what you are thinking, I am going to wait till after the first of the year or the spring to sell my home in Palo Alto. It would be stupid to list a home during the holidays, no one does that. Or no one is looking for a home during the holidays.
I need to respectfully disagree with those sentiments. I believe December is a great month to sell a home in Palo Alto, especially right after Christmas.
Here are the reasons I think selling a Palo Alto home on Dec 26th this year is a great idea.
… (2 comments)
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selling a home in palo alto: When Selling a Palo Alto Home You Can Never Have Too Many Flowers
- 04/05/13 04:52 AM
When selling a home in Palo Alto I don't believe there is such a thing as too many fresh flowers, especially in the spring time. I will concede that it is probably better not to have the home look like a funeral parlor, but short of that, nothing makes a Palo Alto home for sale more appealing than fresh flowers.
Home buying may be the biggest financial investment a person makes in his/her lifetime, but it is still ultimately an emotional decision. Walnut floors and quartz counter tops may be on a buyer's wish list, but the impact of coming … (0 comments)
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selling a home in palo alto: When Selling a Palo Alto Home Bring the Cleaners In Before You Close
- 03/13/13 01:20 PM
Are you selling a home in Palo Alto? If so you may take a look at the market conditions and think, I don't have to be nice to the buyers, they should be grateful I am letting them buy my house. This would be a reasonable conclusion considering that so many homes have multiple offers and most buyers are paying 10-20%+ over list price with no contingencies. Seems like a Palo Alto seller's paradise right? Not so fast.
Yes, there are more buyers than sellers in Palo Alto right now. Yes, it seems like sellers are in total control; but we … (0 comments)
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selling a home in palo alto: Palo Alto Sellers: Which is Riskier, A Loan Or Inspection Contingency?
- 02/17/13 12:24 PM
If you are a Palo Alto home seller which do you think is riskier for you, not the buyer, taking an offer with a loan contingency, or taking an offer for your Palo Alto home for sale with an inspection contingency?
This question pre supposed several givens:
1. You have multiple offers from which to choose
2. The buyer has been fully pre-approved by a direct lender, is from this country or has the legal status necessary to obtain a loan, and did not ask for an appraisal contingency.
3. You have done all of the inspections on your Palo Alto … (0 comments)
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selling a home in palo alto: Palo Alto Sellers, Should Your Real Estate Agent Represent A Buyer?
- 02/11/13 11:04 AM
There is an easy answer to the question should the real estate agent for the Palo Alto Seller also represent the buyer?
NO NO NO NO NO NO NO NO NO NO NO!!!!!!!
Should I say it again? NO!!!!!
There are many reasons why Palo Alto real estate agents should not represent the Palo Alto buyer and Palo Alto seller from the Palo Alto real estate agent's perspective, but this blog is about why is is not good for the seller.
Selling a home in Palo Alto is a big deal. There are very few on the market, right now only … (0 comments)
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selling a home in palo alto: When Selling a Home In Palo Alto Should You Counter Multiple Offers?
- 02/09/13 09:00 AM
As a Palo Alto Real Estate Agent I am asked this question many time. When selling my home in Palo Alto should I give multiple counters to the buyers who make offers?
In my opinion there is no right or wrong answer, but I can give you what I think are some common sense guidelines.
1. Where is the original list price? When you sell your home in Palo Alto your Palo Alto Real Estate Agent will give you an opinion as to where your home will sell. It will generally be a range between what he/she thinks the bottom and … (1 comments)
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selling a home in palo alto: Getting Palo Alto Real Estate Agents To Show The Home You Are Selling
- 01/30/13 12:48 PM
When you sell your home in Palo Alto one of the things you want to make sure of is that other Palo Alto Real Estate Agents will show your home. this is important because while many buyers will find your home on the internet, they will almost always be using a Palo Alto Real Estate Agent to help them make the offer, so you will want to make sure other Palo Alto Real Estate Agents enthusiastically want to show the Palo Alto home you are selling. The last thing you want is to have a Palo Alto Real Estate Agent bad … (2 comments)
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selling a home in palo alto: How To Choose A Palo Alto Real Estate Agent to Help You Sell Your Home
- 01/24/13 02:25 AM
If you need to, or want to sell your home in Palo Alto you should hire a Palo Alto Real Estate Agent. Yes, you could probably put a piece of cardboard on your front lawn saying "For Sale" and get 10 offers, but this is a complicated transaction, and finding a buyer is just one part of a very large undertaking.
So I will make the assumption that you have already decided it is in your best financial and peace of mind interest to hire a Palo Alto Real Estate Agent and will give you some ideas on what you should … (2 comments)
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selling a home in palo alto: Window Coverings and Selling A Palo Alto Home: What Should You Do?
- 01/23/13 05:39 AM
When you sell your home in Palo Alto you want it to look as good as possible. Yes, if it is old and small it may be torn down; but chances are someone who wants to keep the house will also be interested in making an offer on your Palo Alto home. So, you want to make it as attractive as possible, while keeping it neutral. As a Palo Alto real estate agent I can assure you neutrality is important when selling a home in Palo Alto because the potential buyer needs to be able to picture themselves and their furnishings … (0 comments)
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selling a home in palo alto: When Selling Your Palo Alto Home When Should You Have An Open House?
- 01/17/13 11:40 AM
When you sell your Palo Alto home your real estate agent will discuss with you when you should have open houses. This is an extremely important part of the Palo Alto home sale, so you must take this very seriously.
Most likely the first open for your Palo Alto house will be the Broker's Tour. This happens on Friday, and most of the homes that are being offered for sale in Palo Alto will be open for other real estate agents to see. Some may also bring potential buyers with them. This open house happens on Friday morning from 9:30-1. Many … (3 comments)
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selling a home in palo alto: If I Sell My Home In Palo Alto Can I Stay There Until School Is Out?
- 01/11/13 10:43 AM
In case you have not noticed this is an amazing time to sell your home in Palo Alto. However, if you have children who are still in school you may not want to disrupt their school year so you may be thinking of putting off selling your Palo Alto home until school is out. This may not always be necessary.
There are dozens of people who just want to buy in Palo Alto. It does not matter to many of them if they have to wait a few months for possession because it could take many more months to get an … (0 comments)
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selling a home in palo alto: When Selling A Palo Alto Home What Is The Purpose Of A Title Company?
- 01/10/13 06:35 AM
When selling a Palo Alto home your real estate agent will suggest that you open an escrow account with a title company before you put your home on the market. Most agents have title companies they prefer to use and an escrow officer with whom they like to work. For example I always choose Lee Kocjan with Fidelity National Title in San Carlos.
Most agents will have worked with a specific escrow officer so if you have someone you want to work with be sure and let your agent know.
When selling your home in Palo Alto title and escrow are handled … (0 comments)
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selling a home in palo alto: When Selling A Palo Alto Home,Do I Need to Tell Buyers About The Area?
- 01/06/13 05:01 AM
When you sell your home in Palo Alto do you need to tell potential buyers about Palo Alto? The answer is no you don't have to, but I think it is a good idea.
Palo Alto is a wonderful place to live, and not just because the schools are so good. Many of today's buyers are trying to buy a home in Palo Alto because of the schools, but if they knew about some of the other wonderful aspects of Palo Alto they may be even more motivated to purchase your home.
When selling your Palo Alto home I would suggest … (0 comments)
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