Should You Sell Your Home Now - After Early 2016 Market Downturn

Early 2016 Market Downturn - is the worst yet to come?

Early 2016 heralded a sharp downturn in the financial markets resulting in a precipitous fall in stock values. Most, if not all, top performing stocks that were rated "Buy" by analysts, came crashing down like a house of cards erasing investor's values, with each passing day bringing more doom and gloom. Trillions of dollars in total worth of investor money has vanished in a short span of time. News from globally relevant and critical economies like China showing slowing growth plus lopsided debt situation without an accompanying market adjustment in currency values, brought more uncertainty and volatility in stock and commodity markets. Almost all asset classes, especially oil, have seen a rapid erosion of their market valuations. 

How will the stock downturn impact housing market? 

Home Buyers, especially in the Bay Area, save up a part of their money for down payment through their savings bank accounts. Those savings bank deposits have been offering negligible interest rates for over 8 years ever since the Feds brought in the easy money policy with near zero interest rates, to revive the US economy from the iron grip of the recession. The flip side of this policy was that savings resulted in little growth with low interest returns. The only way to get capital growth was to invest in the stock markets or in other asset classes such as Gold, Real Estate especially in early 2010 through 2014. While there are vast numbers of home buyers in the Bay Area, a large number of them have been priced out of the market due to the rapid and almost crazy rise in home prices in sought-after neighborhoods and cities. Home buyers preferred building up their capital growth for down payments, through stock market investments particularly in rapid growth technology stocks. 

With the recent erosion of the stock values, many buyers will now have lower and lower amounts at their disposal to put a down payment for a home in their desired neighborhood. Many may have to hold back and wait for the stock market to regain its growth. Many other buyers tell me that they are beginning to shift their focus away from their desired neighborhoods(s) to others that are less desired but more affordable within their (now-reduced) capacity for down payment. 

Should Homeowners Sell Now? 

Should homeowners sell now with home buyer investments losing value?

The answer is an emphatic yes if you were thinking of selling. If you were/are on the fence as to whether to sell, this is your chance to still cash in on the peak values that the past few years of rapid rise in prices have provided. Remember hot markets don't last forever. Remember also, that a significant portion of the home buying in the past 3-4 years was driven by cash buying from overseas investors particularly from China. With the rapid crash in their stock values, the number of overseas buyers is very likely to drop soon. Local buyers will have lower money at their disposal to make very high priced offers. This is your chance to get the good returns while they last before the housing market slows down too. 

How Can I help? 

I specialize as a Listing Agent helping homeowners sell their homes fast with great returns. I provide homeowners with premier service standards all through the transactions right from prepping your home to sell, pricing your property right so as to attract great offers, marketing your home through a large network of contacts within my office network, social networks and corporate contact networks. I provide you with high quality home repair and staging professionals to get your home in a move-in ready state, and much much more. 

Head out to the following link to see what I have to offer to help you sell your home. 

Click here: http://www.sunnyvalecupertinorealty.com/sell/

All it takes to start is to have a no-obligation meeting to evaluate your home. Do it today!
Realtor Ranjana
(408) 861-8026

Realtor Ranjana Shreedhar

To Contact me:   Click Here    Or    Call (408)861-8026

Visit www.SunnyvaleCupertinoRealty.com to learn about selling your home and to search for new listings. Save your home searches and be notified of new listings, price changes, and easily communicate your interest in seeing properties, to Realtor Ranjana.

Looking to list your home for sale. Contact Realtor Ranjana at (408) 861-8026 or click here: www.SunnyvaleCupertinoRealty.com/sell

Looking for market reports for your neighborhood. Contact Realtor Ranjana today for a market evaluation of your home. www.SunnyvaleCupertinoRealty.com/contact 

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7 Home Seller Tips To Sell Big

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How much is your home worth? Call Realtor Ranjana for a thorough market value analysis. Do not depend on automatic estimates that do not consider your home's specific condition. Call me at (408) 861-8026

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It probably comes as no surprise to most people that the Bay Area housing market has been hot over the last three years, especially for sellers. The limited inventory of homes for sale in many real estate areas such as Sunnyvale, Cupertino, Saratoga, Santa Clara, Mountain View, and more, combined with solid demand from buyers, tilted the market in the seller’s favor. In our local communities, it has been fairly routine to see multiple offers for homes and bids over the asking price.

But even in this kind of a market, sellers can still get the short end of the stick if they aren’t careful. As we enter the fall home buying season, listing your home right now may be a great idea given the healthy demand for properties. But it is important to take certain steps to help make the home selling process go more smoothly and to enable you to get the best results possible.

Tips To Sell Your Home For A Big Price

Pick a highly qualified real estate professional

Pick a highly qualified real estate professional to get the job done. Selling is a big decision with significant financial and emotional components. It can pay to find a professional REALTOR® with experience in your area and a thorough knowledge of the market and selling strategies. As a seasoned REALTOR®, I can help ease the work and stress that goes into selling a home and help you achieve your goals.

Wear the Buyer's Hat

Home Seller Tip: Putting yourself in the buyer's shoes

will help you present your home in its best appearance

We all think our home is great. After all, it’s where we live and have created so many memories. But when you think about how to price and show your home, it’s important to put yourself in the shoes of a potential buyer and be a bit pickier about your home’s appearance. Critically assess how your home compares to other homes in your area and ask yourself what would you be willing to pay for it if you had others to choose from?

Price Your Home For Sale!!

Don’t push your luck on pricing. It’s natural to think that anyone who enters your home during an open house or other broker showings would be willing to pay top dollar. However, pricing a home too high above the current market could turn away buyers and increase the possibility that the home will sit on the market for a longer period of time. Depending upon the market, you may end up having to lower the asking price at a later point in time to be able to sell.

Too low of a price can backfire

Listing your home below market price may draw in more potential buyers and may increase the possibility that you will receive multiple offers. However setting the asking price too much below the current market comes with some risks as well. You might not get as many offers as you think, and the best offer might be lower than you had planned. Buyers might also become skeptical about buying a home that is listed well below the rest of the market.

Keep an eye on nearby homes on Sale

Going to other open houses can give you a better sense of how your home compares to others on the market. Looking at the upgrades in their kitchens, the amenities throughout their home, and the size of their yards can help you gauge where your home fits in the local market spectrum.

Home Seller Tip: Making a good first impression ensures

Buyers will make good offers and the home will sell fast.

Make a good first impression 

Help homebuyers imagine themselves living in your home by taking down family photos and mementos, removing large or clunky furniture, and generally decluttering your home. Consider using a professional stager who can clear out the clutter and find just the right furniture for each room. Don’t forget to clean up the yard, prune back bushes, and plant attractive flowers. Even in a seller’s market, making the right impression can help get a better price.

Pick The Right Offer

The highest offer isn’t always the best offer. It may be tempting to simply accept the highest offer for your home in a multiple offer situation, but sometimes it’s better to go with a lower one depending upon the other terms in the offer. All cash buyers and those with very large down payments who have been pre-approved for the loan balance may be stronger candidates to be able to actually close. Additionally, buyers who take your needs into account in their offer, such as allowing you to retain possession of the property for a short period of time after escrow closes may be providing a better over-all proposal for your needs.

This may be a great time to sell your home, but there are ways of making the most of the opportunity in this market.

If you have been thinking about selling your home, I’m ready to help. Please give me a call at (408) 861-8026 or email me today and we’ll get started!

Realtor Ranjana Shreedhar

To Contact me:   Click Here    Or    Call (408)861-8026

Visit www.SunnyvaleCupertinoRealty.com to learn about selling your home and to search for new listings. Save your home searches and be notified of new listings, price changes, and easily communicate your interest in seeing properties, to Realtor Ranjana.

Looking to list your home for sale. Contact Realtor Ranjana at (408) 861-8026 or click here: www.SunnyvaleCupertinoRealty.com/sell

Looking for market reports for your neighborhood. Contact Realtor Ranjana today for a market evaluation of your home. www.SunnyvaleCupertinoRealty.com/contact 

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Do Home Inspections Help You Sell Your Home?

Are inspections required?

Your home has many memories, sentiments and emotions associated with it, and reflects the hard work you’ve put in to keep it problem-free and livable. 

However, we focus most such upkeep around issues that are visible to the line of sight. 

There is a class of issues that does not present easily unless a thorough home inspection is conducted.  

As you get ready to sell your home, inspections will help you get a thorough report of the condition of your home and the extent of repairs, major or minor, and updates required to help it sell quickly. A well maintained home typically gets minor work recommended in the inspection reports, and can be fixed by the homeowner. There are exceptions though. 

Termite and pest damage can be extensive and expensive. 

Home Inspections : a valuable part of your home sale

Cracks in the foundation can require much work and expense. 

The roof may have reached end of life and may require a full replacement. 

The seller can choose to either do some or all of the repairs before selling the home depending on one’s capacity to carry out these. 

In the case of extensive repairs, the seller might choose to not do so but this may significantly impact the offer price for the home. It is always advisable to carry out the more egregious issues requiring fixing. 

From a buyer’s perspective, a buyer would expect that for the price paid, the home would be move-in ready and not require spending too much on major work after moving in. All buyers are in the same boat with the possible exception of investors or flippers looking for fixer-uppers, who are looking for bargains.  

What are recommended inspections?

A trio of inspections is recommended: Termite, Home, and Roof inspections.

These three inspections together cover your overall home and help you uncover the most important issues. 

I am always available to discuss more details on how to maximize returns for your home with minimal spending. 

I have extensive contacts with industry professionals and can help get all of the inspections done and connect you with repair professionals. Call today! 

 

How much is your home worth? Don't rely on online home estimates. Get your pricing done right!

Realtor Ranjana Shreedhar
To Contact me:   Click Here    Or    Call (408)861-8026

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Top Ten Tips to Sell Your Home Quickly and For Top Dollar

Before you list your valuable home on the market, consider the following low-cost actions to yield tremendous benefits for a quick and effective sale. In my experience, these have made a significant difference in the sale price of the homes I have sold.

1. Sale-ready Décor

Your home has elements, trims, and decorations to your liking and comfort, but bear in mind that prospective buyers may have their own preferences. In order to sell quickly, keep the home décor as neutral as possible. Simply put, remove all effects that reflect you. These include any personal, decorative, and faith related items, and photographs of your family.

2. Flooring 

Depending on their condition, spruce up hardwood floors with a fresh coat of polish; and for carpets, have a thorough deep cleanse done. If the carpets cannot be cleaned or are worn out, replace the carpets to yield an attractive new look for buyers. An updated home that is move-in ready fetches on average between 10-18% more than homes that are sold without being updated.

3. Plumbing 

Get your plumbing checked and fixed for leaks, especially under the kitchen and bathroom sinks. Leaks under the crawl spaces are hard to find and hence important to get checked and fixed. This will save you from a negative comment on the home inspection report.

4. Open Spaces

The buyer needs to experience the space and square footage. Remove any items that add to feeling of clutter, avoid leaving bulky furniture in rooms, and allow for walls and open spaces to be seen. Buyers will not see value for the price if space cannot be experienced.

5. Super Clean Kitchen, Baths Win Buyers  

Keep your bathrooms and kitchen looking as good as new, clutter-free, and refreshed. Ensure bathtubs, sinks, and shower spaces are squeaky clean. Get a closed wastebasket for each bathroom. Ensure countertops are empty, except for a few decorative items that add to a welcoming charm.

6. Closets

If you have overflowing closets, pack them away to leave minimal contents or empty, so that prospective buyers can see the space inside the closets.

7. Curb Appeal

Ensure your driveways and backyard concrete/tiles are cleaned up. In these days of mandatory water conservation, turn the sprinkler on only on permitted days to keep lawns barely green, or replace with low maintenance native leafy and/or flowering plants. Good curb appeal sets the mood for buyers to get into the home and imagine themselves living in the house.

8. Paint 

If needed, a good coat of paint inside and outside, preferably in neutral shades, will provide the extra freshness to pull buyers into the home. This one can get you more return for a smaller cost.

9. What to do during your Open House hours ?

Buyers need to experience your home as homeowners without the presence of the current homeowner. I have had experiences where sellers stay back and this has had a psychological effect that turns off visitors, which may result in less than fantastic offers.

As your Realtor®, I represent you and your home, and will market the best selling points of your home and neighborhood most effectively. Relax and leave the marketing and selling to me.

10. Price your home right 

This is THE most important tip. Price your home right. An overpriced home will tend to sit in the market, while those around it, priced appropriately, sell quickly. Bringing down the price later may or may not get you good offers. As an experienced local Realtor® I am very well versed with the art of pricing a home, given my experience and knowledge of the local area and market trends. I am in touch with the market on a daily basis. I am here to help and guide you to arrive at a list price that will result in market demand for your home.
  

How much is your home worth? Don't rely on online automated estimates. Get your pricing done right!

Realtor Ranjana Shreedhar
To Contact me:   Click Here    Or    Call (408)861-8026

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Immaculate Single Family Home For Sale in Santa Clara - 2612, Cabrillo Ave

UPDATE: This property is Sold. Thank you for your interest in this property. Do not hesitate to call me for buying your dream home or selling your property for top dollar returns. 

A great investment opportunity awaits you. 
Here's my latest listing: A beautiful, charming 3BR/2BA home with a large lot (for future expansion or just memorable lifestyle) in a quiet court location and a great neighborhood! Close to schools, parks and amenities. Located in an area that will likely see home values grow more and more as the economy picks up and large technology bell-weather companies like Apple construct new offices within a few minutes driving distance. Here's what this house offers: 

• Features separate living and family room and large eat-in kitchen
• Fully remodeled kitchen with cherry finish cabinets + marble tiled floors + granite countertop & backsplash + recessed ceiling lights
• Beautiful hardwood floors throughout the house
• 1207 SQ FT home. 6825 SQ FT lot
• 440 SQ FT additional/bonus room, NOT included in sq footage of home
• Fresh indoor paint 
• Double pane windows 
• Large backyard with lots of mature fruit trees
• Large front and side yard. Front yard has new lawn
• Sprinkler system
• Easy access to freeways and shopping

Photos and more info on the listing: http://bit.ly/2612CabrilloAve or http://mlslistings.com/PropertyDetails.aspx?id=9478977

For Further Details, Disclosures, Offers, Contact Listing Agent : Realtor Ranjana Shreedhar at (408) 861-8026

You can contact me through through the handy contact form on this page.

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