Saturday, March 7, 2015

Saturday Stats

Good Morning Everyone! I hope you all are having a great weekend. 

Interesting stats for Silicon Valley/Santa Clara County area for what it's worth.



SANTA CLARA COUNTY MARKET ACTIVITY
New Listing  58
List Price Increased 2
List Price Decreased 10
Transaction Fell Through 6
Listing Back On Market 3
Contingent 13
Pending 65
Changed to Sold 47
Changed to Rented 0
Listing Expired 2
Listing Canceled 2
as of 03/07/15

Month Sale Price to List Price Ratio Days to Sell, Average
Mar-14 105.60% 29
Apr-14 106.20% 28
May-14 105.60% 24
Jun-14 105.00% 21
Jul-14 104.00% 24
Aug-14 103.30% 29
Sep-14 103.50% 31
Oct-14 103.10% 34
Nov-14 102.70% 34
Dec-14 102.20% 38
Jan-15 102.60% 44
Feb-15 105.20% 35
as of 03/07/15

Living Single: Buying A House Without A Spouce

I know as a single parent it is often hard raising kids like I have, and it is sometimes made even more challenging as a Realtor. I often have to balance my career with family - of course family always comes first, but the real estate business puts food on my table as well. Anyhow, here's a great article from RealtyTimes about buying a home as single person.

Friday, March 6, 2015

The "Uber effect" coming to real estate?

When I first got into the real estate business I had heard of some online outfits trying to take the entire home buying process to the web. Those companies flopped pretty much, but now there are some new players on the block that think they can make the idea work. They are working hard to make the entire home buying process a completely an online experience, BUT they claim they are not trying to make real estate agents obsolete. Yeah right.

I know the internet has shaken up allot of traditional industries such as travel. I mean, who uses a travel agent any more when you can use Travelocity or Expedia or any one of numerous other websites to book your airfare and hotel? Look at the taxi business being shaken up by the likes of Uber and Lyft. So the internet is wreaking havoc to a number of traditional, well established industries and according the the article from the Mercury News, there those right here in the Silicon Valley that are backing these online upstarts because apparently they think the real estate industry needs the same shakeup.

Real estate however is different. I know companies such as Ebay and Amazon have made shopping from home as convenient as possible, but for one thing, you can't have a house or condo delivered to you. You have to physically go and look at it. Many home sellers don't feel comfortable having complete strangers in their home who aren't accompanied by a REALTOR. There are many legal requirements involved in selling a home, and a real estate agent can explain those requirements and make sure both the buyer and seller are not getting themselves into trouble, and believe me, there are numerous areas where one can run afoul of the law or provoke a lawsuit in this business. Also, agents have a tremendous value, particularly to first time home buyers when it comes to negotiation of the purchase of the home. Many first time buyers are just not savvy and don't have the wherewithal negotiate a good price for the home with terms that are in their best interest.

Conducting the entire purchase of a home online will greatly short circuit this process and do a major disservice to the home buying public, but I am afraid internet is going to embed itself deeper into the home buying process whether agents like it or not. It will be interesting to see how things play out in the coming years.


Daylight Savings Time Reminder - Don't Forget to Move You Clock Forward 1 Hour at Sunday, March 8th @ 2am

Happy Friday everyone! Just a reminder to everyone that you'll be losing 1 hour of sleep this weekend. Don't forget to move your clock forward 1 hour at 2AM this Sunday morning, March 8th 2015. 

Flashback Friday - AREAA Installation Gala Dinner at Levi's Stadium

Happy Friday Everyone!

Here is another great photo from this past January 23rd 2015. I had a great time with some great company at the Asian Real Estate Association of America installation gala dinner at the Levi's Stadium in Santa Clara.

Thursday, March 5, 2015

7 Easy Ways to Burglar Proof Your Home & Almaden Valley Burglaries

burglar
7 Easy Ways to Burglar Proof Your Home
Source: RISMedia's Housecall, Posted on Feb 3 2015 - 12:34pm by Nick Caruso
Contributed by James White, homeyimprovements.com


Here’s a startling statistic: a burglary occurs every 15 seconds. Though not all of us have the time or ingenuity to pull off a Home Alone and set elaborate traps and hook up ziplines to our tree houses, here are seven ways to burglar proof your house — without setting Joe Pesci’s head on fire.

1. Buy Laminated Windows

This was the number one tip from this Reddit AMA, in which a former cat burglar gave a thief’s perspective on home security. According to him, the easiest way to rob a house was to smash a window, climb in and climb out before any alarm could alert the police. Breaking laminated windows is very time consuming and noisy — two things burglars want to avoid. Once their crow bar doesn’t break your window on the first or second swing, chances are the crook is going to make a break for it and target someone else’s more vulnerable house.

2. Buy Sturdy Doors

It would be foolish to buy sturdy windows but ignore the most common point of entry to your home. It’s smart to have a door made of solid material that can’t be smashed in with only a little more difficulty than a window, but the way in which your door is secured can be just as important. All exterior doors should have a deadbolt that goes into a solid strike plate. Make sure the strike plate is attached to a stud and not just the door jamb. The sturdiest door can be opened if you expose the hinges — the thief could just remove the whole thing with a screwdriver.

3. Don’t Rely on a Pet

Whether you have a guard rabbit, dog or snake, the truth is animals don’t act as much of a deterrent to thieves. Assuming you’re not at home, a dog’s barking won’t alert any neighbors that someone is breaking into your house. Think of it this way: How many times have you ignored a neighbor’s dog’s annoying yips? They’re just background noise at this point.

Plus, an experienced burglar will carry pet treats with him and make friends with your supposedly fearless sentinel before robbing you — that’s what the thief in the Reddit AMA did. In fact, some thieves even target homes with dogs because it means the house probably does not have a motion sensor alarm system.

4. Consider a Home Security System

Even if you have a pet who will tip thieves off that you don’t have a motion sensor, a home security system that notifies police as soon as someone attempts a forced entry could be worth the investment. It’s true the authorities would likely arrive after a burglar has made his or her escape, but it’s also possible the moment an alarm starts blaring, the average burglar will scuttle away before having the chance to grab any valuables. Besides, even just being able to put that sign in your yard or sticker on your window that your home has a security system could be enough to convince thieves to try a different house.

5. Don’t Leave Valuables Out in the Open

Back to that Reddit AMA — thieves are interested in getting out as quickly as possible. That Reddit burglar repeatedly mentions how the most common thing he’d take would be cash left out in the open or in drawers. Don’t make things this easy for the burglar. Don’t leave cash lying around and consider investing in a safe for jewelry and other valuables.

6. Don’t Tell the World You Aren’t Home

Allstate Insurance had a commercial during the college football playoffs this year in which their reoccurring anthropomorphized Chaos was auctioning off a couple’s valuables while they weren’t at home. The couple in the commercial had been so excited to score tickets to the playoff game that they announced it on social media, giving Chaos the tip he needed to know they wouldn’t be home.

Try your best to avoid broadcasting when your home will be ripe for the picking. If you’re going on vacation and have a newspaper subscription, cancel it for the duration of your trip or have your neighbor pick it up so the papers won’t pile up and make it obvious no one is at home.

7. Buy Security Cameras

These can work as a great deterrent if the cameras are visible on the outside. The real trick with these is to make them upload their footage online automatically so a determined thief can’t destroy them or tear apart the tapes and make you lose the footage. Then, even if they don’t work as a deterrent, you’ll have great evidence to show the police and can greatly increase the chances of recovering your property.

7 Easy Ways to Burglar Proof Your Home




Madeline Chiavetta, left, and Mary Ellen Distinti discuss a suspicious car that was reported to police on Crystal Springs Drive in San Jose, Calif.,
San Jose: Neighbors band together to fight burglaries in cop-starved city
Almaden Valley residents have taken vigilance to new high-tech heights and have tapped private patrols to keep themselves safe.

Wednesday, March 4, 2015

Your Mortgage Was Denied! Now what do you do?

Well of course not having good credit is going to get your loan not approved, but another thing many buyers don't take into consideration is the appraisal. In this hot seller's market, many buyers here in the Silicon Valley/San Jose area have to make offers way over asking to get their offer accepted by the seller. Once you get into contract, sometime before escrow close the bank will conduct an appraisal and if home valued way under the asking price, the bank won't fund the load - dooh!!! Of course the buyer could come up with the cash for the difference if they like, but I'm just telling you here in case you haven't hear it already.


YOUR MORTGAGE WAS DENIED, NOW WHAT DO YOU DO?

It's a terrible feeling to have a mortgage loan denied. Most people are going to feel frustrated, but there are things that you can do change your circumstances. At least one third of all new home applications and one half of refinance applications are turned down. After the real estate meltdown in 2008 most lenders were understandably hesitant to write loans for any but the most qualified borrowers.

The first thing you need to do as a consumer is ask yourself,"Why was my loan request denied"? Talk to the officer handling your file and ask very specific questions, now is not the time to be timid. Once you find out the particulars you might even find out that you aren't the problem. Sometimes the problem can be caused by a low appraisal. When an appraisal comes in low, it can adversely affect the loan to value ratio making it impossible to get a loan. Add to that the fact that a single appraisal can vary widely from one appraiser to the next. Unfortunately, while you are legally entitled to a rebuttal, they rarely result in a higher value and the banks can't accept a second appraisal by law. If you find yourself in this situation it's probably best to start looking for a new lender.

OK, so your loan officer tells you that the problem is your credit score. But there isnothing you can do to change your score right? Wrong! There is a lot that you can do to improve your credit score. Unfortunately none of these fixes will work overnight. It usually takes between 60 to 120 days for payments and corrections to show up on your credit report. The first step is to know what your current credit scores are. The second is to get a copy of your free credit report. Federal law insures that you can get a free copy of your credit report every 12 months from each credit reporting company. After reviewing your rights and identifying any errors, you can now start paying down any outstanding balances and addressing any issues found on the report. Reducing your debt to income ratio can go a long way toward making you an excellent loan candidate.



Source: RealtyTimes, Kelly Taylor
http://lakewoodranchkelly.realtytimes.com/advicefromagents1/item/33279-your-mortgage-was-denied-now-what-do-you-do