December 17, 2012

Silicon Valley Real Estate Market

Courtesy of Dawn Thomas of Silicon Valley and Beyond

SELLERS CORNER

One of the most integral things to the success of your SOLD home: Pricing. The Dawn Thomas Team is experts at pricing and we take our job, our responsibility to you, the Seller, and to the local market very seriously. If you are thinking about listing your home and have ques tions please feel free to contact us! The following things are extremely important to the success of your home selling for the best possible price...

“My price is high, but make me an offer!”

Getting the Best Price in the Shortest Time: The Role of a REALTOR® in Pricing

There is no “exact price” for real estate

We don’t tell you what we think your home is worth; the market determines value—together we determine the price

We show you a range of prices being paid for homes in your area

You determine the price based on the factors you control

Myth vs. Truth

MYTH:You should select the REALTOR® who quotes you the highest price.

TRUTH:An agent who knowingly takes an overpriced listing usually plans to start “working on you” immediately to get you to agree to a series of deep price cuts.

Here’s why:Every agent knows that agents and buyers avidly ignore over-priced houses. When a home stays on the market too long, com pounding the problem. Soon, there is negative perception attached to a house—meaning, you will have to cut the price far below fair market value to even get anyone to see it

BUYERS CORNER

Tara Nelson for Trulia published an article about four common of ten-overlooked decisions for buyers. In the Silicon Valley-we’re still in a relatively hot market with homes going for above asking with multiple offers. The Dawn Thomas Team likes to give our clients and potential buyers all the advice and knowledge we can. The following four points are important points to consider right now in our current market. Have you thought about these things? Do you know someone that can help explain the points below and give you sound guidance? That’s what we do and we’re here to help!

Here are some basic questions Tara Nelson suggests you seriously consider before you start the process:

Mortgage or not?

How much to put down?

Impound account. Or not?

What’s really important to you?

Your agent, attorney, financial advisor and CPA or tax professional should all be involved in your decision-making process.

Dawn Thomas welcomes questions! Call her today at (650) 701-7822 or Dawn@SiliconValleyandBeyond.com