silicon valley short sale specialist: Bank of America Comes into the 21st Century With Electronic Signatures
- 10/16/12 01:54 PM
I am so excited about this news! I know, it doesn't take much for me to get excited, but this is really big news in my opinion. Up until now if you were involved in a Silicon Valley Bank of America Short Sale they did not take electronic signatures. This would have been ok if the bank could sit with you in your conference room and look at the offers. We all know this does not happen and the paperwork will often be faxed several times before B of A gets to see a document. Since they cannot accept illegible documents … (0 comments)
silicon valley short sale specialist: Silicon Valley Investors, Buy and Hold or Buy and Flip?
- 08/30/12 02:57 PM
Silicon Valley Home Prices are on the rise. Inventory is low, and there are plenty of buyers out there making multiple offers the norm, not the exception. Investors have been a big factor in the market since the crash, but now it may be time for a change if you are an investor. For the last few years investors were gobbling up foreclosed homes, short sales, and other bargain priced properties. These were often rehabbed and resold quickly. While there was often competition from other investors, it was manageable for many investors. The landscape has changed. The inventory is so low, … (1 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
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silicon valley short sale specialist: Redwood City Short Sales Don't Look So Bad in A Low Inventory Market
- 05/09/12 02:42 AM
The landscape for short sales is changing. As the inventory of homes for sale stays at historically low levels all over Silicon Valley, short sales are gaining in popularity for buyers. Added to that is the fact that short sales, while not a sure thing, are getting approved at increasingly higher rates. Short sales can still be time consuming and frustrating, but when there are so few choices for buyers they begin to look better. So if you are thinking of selling your home as a short sale here are some tips to make things smoother. 1. PICK AN EXPERIENCED SHORT … (0 comments)
silicon valley short sale specialist: Chase Approves Another San Jose Short Sale
- 05/08/12 04:19 AM
Just got approval on another short sale in San Jose with Chase. They are getting to be one of my favorites! This was not straight forward. Client lost his job and was not able to make payments. He tried a loan mod but did not qualify due to having too much in retirement account. Client is close to retiring. Put condo on market and got 13 offers. The San Jose inventory for small affordable condos is quite low. Accepted an offer 30% over asking price, cash, with no appraisal contingency. Asking price was market value at the time of the listing. … (0 comments)
silicon valley short sale specialist: Silicon Valley Buyers Do Not Pay Their Own Agent's Commission
- 04/28/12 09:46 AM
Today I met with a lovely family who wanted to sell a home in Santa Clara they no longer live in. I met them at the home and went over a number of things about the value of the home, what I would do to help them sell, including my staging, painting, and landscaping, and current market conditions. When we got to talking about commissions they were flabbergasted. I told them what commission I wanted and how it would be split between the buyer's agent and myself. That's when things got interesting. They were flabbergasted that the seller paid the buyer's … (1 comments)
silicon valley short sale specialist: Because I Said So or How To Survive Silicon Valley Real Estate
- 04/19/12 02:23 PM
It is no secret that the market in Silicon Valley is crazy. The inventory has never been lower so the competition for homes is fierce. For example, Taylor Morrison is opening up a new town home development in Sunnyvale in May and they already have 300 people on the waiting list. Homes in Palo Alto are sometimes getting over 10 offers. If you are a seller you may be trying to accomplish a short sale, and life becomes complicated with all of the details of supplying documents, giving the bank what they want, when they want it, and living by their … (2 comments)
silicon valley short sale specialist: An Unusual Silicon Valley Wells Fargo Short Sale Just Closed
- 04/13/12 01:41 AM
I just closed a Wells Fargo Short Sale that is not typical. It was a nice 3 bedroom townhome in North San Jose, close to Santa Clara. The owners were divorcing and neither could afford to buy the other one out or afford the property alone. This constitutes a hardship in most lender's minds. I have closed other Wells Fargo short sales with similar circumstances. The current owners had been able to pay the mortgage but they will not be able to in the near future because of an impending change of circumstance. These owners were current on their payments, and were … (13 comments)
Palo Alto: Single Family Homes and Condos for Sale: 48 Short Sales: 0 Percentage: 0 Mountain View Single Family Homes and Condos For Sale: 39 Short Sales: 2 Percentage Short Sales: 5.1 % Sunnyvale: Single Family Homes and Condos: 62 Short Sales: 10 Percentage Short Sales: 16% Cupertino: Single Family Homes and Condos: 39 Short … (3 comments)
silicon valley short sale specialist: What Does it Take to Win in a Silicon Valley Short Sale Multiple Offer Situation
- 03/06/12 11:52 PM
The real estate market in the Silicon Valley is very heated up this days, but there are still plenty of short sales being offered. Many of these short sales are in higher price ranges that have previously not seen a lot of short sale activity. What that means is that agents who do not have a lot of experience with short sales are making offers. Because the inventory is so low, most of these short sales are getting multiple offers. So if you are an experienced agent but not with short sales, or a buyer here are some things you need … (3 comments)
Single family and condo townhomes : Total sales: 835 Short Sales: 111 REO: 73 Distressed sales as a percentage of total sales: 22% Compare to 2010 Total sales: 849 Short Sales: 106 REO: 89 Distressed sales as a percentage of total sales: 23%
My conclusion: The percentage of distressed properties in Sunnyvale is virtually the same in Sunnyvale between 2011 and 2010. This percentage is starting to … (1 comments)
silicon valley short sale specialist: A Plea For More Silicon Valley Listings in December
- 12/17/11 12:42 PM
It happens every year. Agents tell their sellers that they should wait until after the holidays to put their homes on the market. They say no one is looking during December so don't bother. Translation: Agent wants much needed and deserved time off during the holidays, or seller has a lot of family coming and does not want people traipsing through their home with all of the activity going on. Other side of the equation: Very busy professional gets some down time the last two weeks of the year. Or, out of town relocation buyers are coming to the area to … (0 comments)
I am so excited about this news! I know, it doesn't take much for me to get excited, but this is really big news in my opinion.
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