Gratitude: Client Success Story

Yesterday, we helped these clients close escrow and become homeowners after beating out a field of 41 buyers on a very competitive property. The family is originally from Texas and were surprised by Silicon Valley home prices. At first, it was hard to swallow. But after working with us, they found a home for their growing team! We are so grateful that we were able to make their dream a reality. They are now one step closer to building their wealth for their future.

As you can see, Kevin was super excited for our new friends!

Geek's Number Talk: High rates lead to price cuts

Nearly 70% of home listings in the San José metro area went above asking price in August 2021, Just one year later, that number fell to 38% for the same month, and year-over-year price-cut percentages doubled to 25%. The Chronicle has more about how rising mortgage rates are impacting the local market.

Chic vs. Geek: Starter Home vs. Forever Home

Jumping into the homebuying market for the first time? Before you go straight to the deep end of the pool to find your forever home, think about the pros and cons of a starter home.

CHIC (PRO)

Affordability

Housing prices remain high despite a dip in the market, and a starter home makes more sense (or cents) if you need to stay within a budget.

Expedience

You won’t need as much for a down payment on a starter home, so you can afford to buy earlier.

Investment

You don't necessarily have to sell your starter home once you're ready to move. You can rent it out to generate a passive stream of income.

GEEK (CON)

Size matters

Starter homes are typically more modest than what you’d want from a forever home, and it may not have enough space for you right now either.

Interest rates

Mortgage rates are on the rise, so it might make more sense to wait on such a huge investment.

Buying to sell

Choosing a starter home means you'll eventually have to go through the hassle of buying another home and selling (or renting) this one.

Happy National Dessert Day!

My mother liked to say, “Life is uncertain, so eat dessert first!” Mom would have loved National Dessert Day. Satisfy your sweet tooth with a tasty treat today!

Geek's Number Talk: Latest Market Snapshot

In case you need more evidence that we’re in the midst of a market shift, year-over-year numbers for Silicon Valley will set you straight. Sales and prices are down across the board, which could mitigate the downside of high mortgage rates. And with properties spending more time on the market, there’s opportunity to negotiate a good deal that fits your budget. Contact us to talk about it.