Porpoise Bay Sunnyvale Townhouse in the Traditions [Real Estate Journal]
Agent interview regarding the sale of Porpoise Bay Terrace, one of the largest townhouse floorplans (Waterford end unit 2000+ sq. ft.) located in the highly desired Traditions community in Sunnyvale. Chemical Wedding dvd
What was biggest challenge in selling this home?
Alex: I think the biggest challenge was knowing that my client and I were working in an active and fluid buyer’s market. In this type of market, there was a need to be patient and disciplined to wait for the right buyer to come along. We had an initial offer that took about a week of negotiations resulting in the sellers actually agreeing to the buyers price, however the buyer got a case of ‘buyer’s remorse’ and decided to hold off. Instead of worrying that that would be the only buyer we would have, we kept at it, marketing the property, and we got a better and higher offer only a week later. Being patient was key for both myself and my clients.
As a Realtor, how did your role play out in this particular home sale?
Alex: The 40 Year Old Virgin movies Well, when considering the transaction as more of a relationship, I don’t see my job description just limited to selling the home. There are other aspects that I need to pay attention to and sellers and agents have to realize that this is a team effort. For this particular instance, the sellers were already dealing with a move to their new home, so that had their hands full. I did what I could to alleviate the stress on the listing side by stepping out of a traditional “that’s not my job” role and try to help the owners with any problems that came about. If me and my team can do something to help our clients, we will get it done.
What were the key factors in selling this home?
Alex: A couple factors helped facilitate a smooth sale and good price. Staging homes to sell are a definite must. Staging can help not only increase the price of the offers your receive, but also the quality of the offers as well. Another factor was keeping cool during negotiations and being firm on our target price. In order to do this, we needed good local knowledge of the Sunnyvale real estate market.
What was one thing you could’ve done better?
Alex: I would have preferred listing our home price a little lower than our initial offer price. Because we set it a bit higher, it added 2 weeks to our market time. Eventually, when we dropped it closer to market value or the sale of a recent comparable, we saw an increase in traffic and which ultimately resulted in buyers making offers.
What charity did these clients choose to support?
Alex: My clients recently had a friend start a non-profit called Future Hope in Seattle, Washington. Though we usually donate to local charities, this non-profit seeks to educate and empower children in the Third world. We felt this was a great mission and we donated ten percent of our gross commissions to this cause.
To read the seller’s testimonial and other client’s experience with Rainmaker Properties, please visit us at Yelp.com
Mortgage Madness: Why Interest Rates Shot Up and What This Means to Home Buyers and Owners
Recent had a great chat with friend, mortgage broker, and East Bay Realtor David Tang Pitch Black movie download Streets of Blood the movie Persuasion on dvd Touch of Evil move
about the recent spike in mortgage interest rates. David has always provided some sound advice and updates on how the current real estate and finance markets are doing. This is what he had to say:
Mortgage rates took a big jump yesterday as investors looking at the United States Government’s efforts to sell nearly $2 TRILLION
in U.S. Treasury bonds this year to fund its various Stimulus programs decided that the risk of inflation and rising interest rates were too high at the current record low yields.
In addition, signs of a recovery in the United States and globally are prompting some investors to lighten their holdings in U.S. Treasuries in search of other opportunities with greater potential returns.
Mortgage rates jumped from 0.25% to 0.75% as banks and lenders tried to figure out what was
a reasonable rate to charge for mortgages in this new climate of potentially rising interest rates.
For potential home buyers and those considering a refinance, it would be strongly advised to double check with your lender to see if your rate was locked prior to Wednesday – and if not – what the new rate is going to be.
After a period of relative calm in the interest rate markets, it looks like there could be some turbulence ahead so make sure you get good counsel on what your options are to protecting your financial position.
If you or anyone you care about is interested in obtaining more information about real estate and mortgages, feel free to contact us
.
Staggering Swindle: Post Boom Real Estate Scam
This con man with Bay Area roots swindles $12.5 million in Southern California condo real estate scam. For more detailed information about the inner workings of the scam, check out the Voice of San Diego website
Is this the Best Listing Strategy for your Seller?
My client decided to stop by and take a look a property that had an open house located in the Cupertino Casa De Anza townhouse development within the highly desired Monta Vista High School district. The listing agent told my client that the only way she could make an offer on this property was if my client made an offer with him or with an agent that works for this large real estate company (won’t name the name but rhymes with the name of a gas station). Fortunately for me, my clients are very loyal though this tactic didn’t surprise me. What did surprise me was that the seller chose to make the listing an exclusive listing and to pay a commission only to agents within their franchise.
Is this really the best listing strategy for the seller?
- property not listed on MLS Mr. Moto’s Gamble movie full
(In 2008, 87% of home buyers The Client dvdrip
used the Internet to search for a home)
- property not even listed on Craigslist, a popular and free location to advertise listings, especially ones that are not on the market
- not paying a commission to any buyer(s) represented by an agent outside of the listing company
The seller bought the Cupertino townhouse in June 2008 for $650,000 ($20k over the asking price). Now, in a much slower market and in less than a year, they are asking $675,000. Do you sense the motivation?
I ask again, is this really the best listing strategy for the seller?
Would love to hear your comments below…
The Eichler – Mid-Century Moderns a Hot Commodity in Sunnyvale near Cumberland Elementary
Modern architecture buffs will be familiar with the mid-century modern homes built by Joseph Eichler between 1949 and 1974. The properties, aimed at middle-class buyers of the time, have helped to define what’s known as California modern architecture.
The homes were especially unusual at the time because typical features included low or flat roofs, clean geometric lines, a somewhat spare sensibility, an open floor plan and lots of natural lighting that came from skylights and floor-to-ceiling windows. Another signature was a design that de-emphasized the delineation between the indoors and the outdoors. Views to the outdoors were always accessible and part of daily life.
I recently sold an Eichler house at 759 Pear Avenue in Sunnyvale near Cumberland Elementary School, and were pleased to see that Eichlers grab lots of attention when they go on the market. Even though there were about 11,000 Eichler homes built in Northern California and Southern California, they’re still considered a unique commodity and can command top dollar. The one I sold, in addition to being an Eichler, also was walking distance to the top rated Cumberland Elementary School in Sunnyvale. This Pear Avenue Eichler hadn’t been updated since the 70′s and definitely was a fixer-upper that needed a little TLC. We used our unique selling system to market the property, it generated multiple offers and sold for $60,000 above the asking price. And another Eichler, situated in Sunnyvale’s West Valley Elementary School district of Cupertino, recently sold for an eye-popping $227,000 over the asking price!
Later, I’ll talk more about the pricing strategy we used for the house and how the approach can help get more attention and offers if you do have a truly unusual property that you want to market.
Toys for Tots Toy Drive – Willow Glen Garden Theater
Real estate agent Sara Greenwood
has organized a Willow Glen Toys for Tots toy drive in the Garden Theater Crush movie download
on Lincoln Avenue. There are drop boxes set up at the front of the building by Starbucks and another towards the back near the entrance from the rear parking lot.
The Marine Corp founded Toys for Tots with the objective to help needy children throughout the United States experience the joy of Christmas. It is their mission to collect and distribute toys as Christmas gifts to less fortunate children in the community in which the campaign is conducted.?? Please bring by a new, unwrapped toy and help make this holiday season very special to some less fortunate youngsters in our wonderful community. The deadline for collection is December 20, 2008
.
Thank you for your donation and your support!!
Happy Holidays!
Sponsored by Sara Greenwood
The Power of the In-Person Offer Presentation
The mark of a good agent is adaptability. What works to get one buyer a great home may not work in another sale—and a smart agent knows when and how to pivot on behalf of a client.
Case in point: I recently represented first-time homeowners in the purchase one of the Sunnyvale’s largest townhouses in the highly desirable The Gardens tract in Sunnyvale located near W. California and Mary Avenue. This Sunnyvale townhouse was listed at $699,000, and my clients submitted an offer for $685,000. By the time my clients’ offer was to be presented, there were two other offers, so my clients increased their offer to $705,000.
I asked the listing agent if I could present my clients’ offer last. That way, the sellers would be ready to make a decision, and I could probe for information about the other offers so I’d know whether to recommend that my clients adjust their offer.
We arrived to the appointment before the first presentation—but nothing happened. As we sat in the parking lot, no agents came or went. Maybe there weren’t really three offers. Or maybe the listing agent was presenting my client’s offer first.
Time to pivot. I called the listing agent, who told me the other agents were “running late,” I asked her to call me after the other two offers had been presented. An hour later, we got the call. Another pivot. I asked the listing agent if my clients could sit in on the presentation. That turned out to be a blessing. Small talk revealed that one of my buyers worked at the same major high-tech company as one of the
sellers, and the techies bonded. My buyers’ offer (which was not the highest) was accepted—and the sellers even shaved $1,000 off the buyers’ offer as a courtesy.
The moral is that a great real estate agent always think of ways to give their clients a leg up. By having my clients come to the presentation and by scoping out the parking lot to be sure we would be last to present, we were able to outsmart two agents with solid offers. Make sure you choose an experience agent who knows when to pivot on your behalf. car accident lawyers maryland
The Limousine of Silicon Valley Real Estate Companies
You won’t find ads about our company on billboards or rolling by on buses, nor will you find local mailboxes stuffed with postcards from Rainmaker Properties.
Our approach to real estate is different from our competitors. We build our business by serving our clients and working by referral. That means we build long-term relationships with every seller and buyer we’re fortunate enough to call clients, and we treasure our “raving fans” and the word-of-mouth marketing they provide.
I often use a taxi cab metaphor to describe how we operate.
You hail a cab to get from downtown to the airport. The cab picks you up, you pay the driver and off he goes. The service is likely fine. It delivers you to your destination. Yet it’s impersonal, you’ll likely never get the same driver twice and you’re forgotten as quickly as you exit the cab as the driver rushes off to find the next fare.
The limo driver, however, has a vested interest in you. The company wants to build a long-term relationship so you’ll always call it for your airport runs, for instance. It keeps track of your preferences and knows where to pick you up, what your favorite kind of car is, whether you like a snack on the ride over and your preferred airline. You merely make a call and say your pick-up time and the limo company appears and delivers you to your destination. It’s a smooth, easy process.
Our limo approach to real estate delivers similarly personalized service. For buyers, we take the time to understand your needs, schedule and budget and make sure we find the ideal property.
For sellers, it means we sell your home for the very best terms possible. Moreover, we have a large, qualified buyer pool to draw from because we’re constantly building relationships with people seeking homes. Thus, our marketing dollars are spent not on postcards and other fuzzy methods to get your home sold but by tapping our existing relationships and showing exactly how your property stands out from the competition.
We work not only by word-of-mouth, but we also tap social network sites, such as Yelp, LinkedIn and Facebook, to constantly broaden our reach and reputation, and build new relationships with the most qualified prospects.
Moreover, our relationships don’t end with the completion of a transaction. We provide services on an ongoing basis by offering clients advice, business and vendor referrals, and client appreciation events and perks. For instance, if you need a painting contractor, an auto mechanic or a handyman, we can refer you to the best people and companies in town.
Yet unlike the limo company that charges more than the taxi, with us, you get top-flight service and a full array of expertise with no extra costs. online ayurslim