3 Ways Buyers Can Avoid Overpaying for a Home in Cupertino Schools

By
Real Estate Agent with Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty DRE# 00901962 Lic.1985
https://activerain.com/droplet/4WGv

3 Ways Buyers Can Avoid Overpaying for a Home in Cupertino Schools

by Cupertino Schools REALTOR Michelle Carr Crowe

If you've met me before, you know I am a straightforward real estate consultant. I work with a lot of first-time homebuyers and one of the biggest concerns they have is how to actually "win" the frequent bidding wars to buy a home-the other is how to avoid overpaying for it.

First, understand "market price" is the price a willing and able buyer offers to a seller who accepts the buyer's price and terms. Market price can change from day to day.

1) Do Your Homework. Your agent can pull and share the recent comps-and the ones from last year. Ask95129 Cupertino Schools 2016 home sales data image your agent to check on appreciation rates in that neighborhood over time-and what the CAR economist expects for the coming year. It's your job to read it and ask questions so you understand the data. No one has a crystal ball-the best indicator of future market movement is based on past history. 

2) Be Currently Pre-Approved and Rate Wise. In today's market, pre-approvals are often only good for 60 days. Verify your pre-approval's expiration date with your loan consultant. Ask what he or she sees happening with interest rates in the near future. For a one million dollar loan, a quarter-percent interest rate increase means about $215 per month larger monthly payment. 1470 Larkin Ave San Jose house for sale image

3) Buy Off Season or When Others Hesitate or Are Distracted. Sellers generally get the highest prices in early spring/beginning of the year, followed by summer, often establishing the year's "high point". Buyers who buy homes in Fall and Winter tend to get the best values. Not necessarily lower prices than in the past spring...but almost always lower than the future spring. I always counsel my Cupertino Schools home buyers, "Buy in the Fall, Thank Me in the Spring."

Here's an example of one of the best bargains: People who bought homes in Cupertino Schools in October 2001. At first after 9/11, there wasn't a market drop, there was a huge market pause. The Buyers who acted to Buy while others hesitated, got great values.

If you're a homebuyer looking for a home in Cupertino Schools, visit us at open house this Sat. & Sun., from 1:30-4:30 at 1470 Larkin Ave. in San Jose with All 3 "Top 10" Cupertino Schools-Muir, Miller & Lynbrook High. It's priced right-and the Sellers are Prepared to Accept the Asking Price of $1,798,000!

Check the Homework: Larkin appraised for $1.750M sixteen months ago. Appreciation has been at least 5% and CAR economist Lawrence Yun anticipates 3-5% appreciation rate in Silicon Valley. 

Redfin estimates 1470 Larkin Ave. San Jose CA house appreciation 2010 to 20161470 Larkin's value at $1.810M.

Zillow estimates  1470 Larkin's value at $1.829M. 

Asking price for 1470 Larkin is just $1.798M.

Check the Rates: Currently they remain low, yet most experts are anticipating interest rate increases. 

Check the Market: The election is a huge distraction, creating opportunity for buyers focused on their home buying goals. It's also fall, a better season for buyers.

Is buying 1470 Larkin Avenue now at $1,798,000 a good decision? Look at the home's track record. The seller bought 1470 Larkin 6 years ago for $1M.  

The value for 1470 Larkin increased to $1.8M in just six years-that's $800K!

While there's no guarantee 1470 Larkin will continue appreciating at such a high rate, the best indicator of future success is the past track record. Although you can't go back in time and buy it for $1M, today's asking price of $1.798M gives you the chance to own a beautiful home and a proven performing asset. Where else can you live and potentially make an average of $133K in appreciation each year? Come see this "good karma" house for yourself!

You're Invited to a Get Results Team Open House Sat. & Sun., Oct. 15 &th 16th, 1:30-4:30 

1470 Larkin Ave., San Jose, CA 95129 with Cupertino Schools 

1470 Larkin Ave San Jose house for sale image


Come see for yourself this Elegant Lynbrook High Home for Sale! The Spacious Floor Plan Designed for Privacy Features 5 Openable Skylights, Dual Pane Windows, Glowing Hardwood Floors, Custom Kitchen, Copper Plumbing and COOL Central Air Conditioning!

Located on a Quiet Tree-Lined Street within E-Z Walk to All 3 "Top 10 Rated" Cupertino Schools!

Muir-API 944 (10)

Miller-API 983 (10)

Lynbrook High-API 942 (10)

 

Thanks for reading "3 Ways Buyers Can Avoid Overpaying for a Home in Cupertino Schools".

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Aloha & God Bless You, 

Michelle Carr Crowe Just Call 408-252-8900 sign image

 

Michelle C. Carr-Crowe and the Get Results Team . Real Estate Agent . Author . Coach . DRE #00901962 . Licensed to Sell since 1985

P: Just Call ... 408-252-8900
F: 408-947-1585
E: GetResultsTeam@gmail.com

Altas Realty . DRE#01526983

1190 S. Bascom, Suite #118, San Jose, CA 95128
www.MichelleJudyCarr.com

Michelle C. Carr-Crowe and the Get Results Team (established by the late legendary Silicon Valley super agent Judy Carr) are known as the "Lynbrook and Cupertino Schools Experts." Coaching clients to success is Michelle's passion, making her and her team creative catalysts for positive change in people's lives. She is a Silicon Valley-based multi-million dollar real estate consultant, author, coach and trainer who works by referral only.

Her designations have included: Accredited Buyers Representative (ABR), Accredited Consultant of Real Estate (ACRE), Accredited Luxury Home Specialist (ALHS)Accredited Staging Professional (ASP)Certified Distressed Property Expert (CDPE),  Property Marketing Expert (PME), Real Estate CyberSpace Specialist (RECS), and Senior Real Estate Specialist (SRES).

Michelle is an internationally-published freelance writer with over 1,200 traditional articles in print and online, co-author of two books on Silicon Valley-specific real estate as well as over 68,000 blog posts on Blogger, ActiveRain, Examiner, FaceBook, Realtor, Trulia, RealBird and others. She enjoys reading, traveling, animals, nature, family, dancing, staging, consulting, coaching and praying. Check out her blog at www.activerain.com/results or visit her online at www.michellejudycarr.com. For RE$ult$ ... Just Call ... (408) 252-8900.

 

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3 ways buyers can avoid overpaying for a home in cupertino schools

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Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Michaelle.  Great information about valuations for 1470 Larkin Ave. in San Jose, CA.  Hope your open house is successful.

Oct 14, 2016 10:49 PM #1
Rainmaker
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Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Great reports and explanation for buyers and sellers on what to expect when buying and selling real estate!

Oct 15, 2016 12:58 AM #2
Rainmaker
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Todd & Devona Garrigus
Garrigus Real Estate - Beaumont, CA
Broker / REALTORS®

Great blog, Michelle Carr-Crowe-Selling Silicon Valley Homes in Top Schools San Jose, Cupertino, Saratoga, Palo Alto-Just Call 408-252-8900 !

Man o' man is the election a distraction! We've seen it before through past experience, but this time it's extra distracting.

Oct 15, 2016 02:43 AM #3
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Michelle Cherie CarrCrowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thank you all for reading and for commenting!

 

Oct 15, 2016 05:35 AM #4
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Michelle...this is great information for all buyers. No one wants to overpay for a house. 

Oct 15, 2016 07:49 AM #5
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