Views, Easy Commute, Nice

night view valleyWOW!!! The views!!! This “Communication Hills” home at 312 Casselino Dr. San Jose, has an unobstructed view of the valley and foothills beyond. Watch the VIDEO Tour on YouTube, search this address (posting 8/25).

At night the entire valley twinkles with lights. The location couldn’t be more central to every venue – just Google Map it and be impressed!

Great floor plan for easy living and entertaining. THIS home has a tastefully done office, in addition to the 3, sizable bedrooms (the others don’t). THIS home’s patio is one level and is lined with a manicured hedge (most others don’t). Off the master suite is another, private lanai. The owners enjoy the convenience up having the laundry room upstairs. With a 18′ living room ceiling and tall windows there is plenty of natural, ambient light. There are so many enjoyable features to this home you’ll have to come see it.

A ‘Willow Glen’ Home 4 Sale

1817 Comstock Ln 004This VIDEO Tour of a nice home on a tree lined lane in Willow Glen, San Jose just makes you want to be there.

1817 Comstock Ln., is a turn-key, 6 bed. 3.5 bath home in the Doerr Park neighborhood. It has the pool club, sizable tree studded park and a dog park – all within a short walk from here.

Significant, silicon valley employers are a short drive away as is the San Jose airport, Westfield’s Valley Fair shopping, Santana Row, the Tech museum and so many venues are near by. And the schools: Cambrian Elem. & Branham H.S.!

Text, email or call me for your own, personal tour of this home. It has a full master suite down stairs and another upstairs. There is slab granite and Corian counter tops, marble floors, tile, hardwood floors, 5 burner gas stove in a functional kitchen island etc.  There are just too many features to mention here. The seller is offering it for $1,399,800.

Nice Home for Sale, Willow Glen

Here is a rare find: a large home for sale in the “Doerr Park” neighborhood in charming Willow Glen, 1817 Comstock Ln 004San Jose.  Its close proximity to major employers makes for a short commute. Watch this VIDEO Tour and then text, email or call me for your personal tour.

1817 Comstock Lane is a ‘Turn-key’, home featuring 6 bedrooms, 3.5 baths and over 2,600 sq. ft. of living space. It sits on a quiet, tree lined lane. There are two, full master suites. The downstairs master suite has a nicely furnished full bath and, a gas fireplace sitting area.  The kitchen has all of the conveniences: 5 burner gas stove, double ovens and a bun warmer, dishwasher, trash compactor, reverse osmosis water purifier and lots of cabinets. It has recessed lights and under the cabinet lighting. There are plantation shutters, double pane, vinyl windows, crown molding, hardwood floors and much more.

The garage also has several cabinets and a finished floor.

There are many other features to discover. For example, the highly rated schools and recreational facilities adds to the value of this nice home. You will be able to see them in this VIDEO Tour.

I look forward to your comments.

Rare Find: Willow Glen Home for Sale

1817 Comstock Ln 004To find a home in the “Doerr Park” area of Willow Glen (San Jose, CA) for sale is a rare event.  Here you go: “Coming Soon” : 1817 Comstock Lane has 6 bedrooms and 3.5 baths in nearly 2.600 sq. ft of living space. There is marble, tile, granite, recessed lighting, crown molding, real wood floors, finished garage floor and too many other comfortable features to list.

This location is very near world renowned employers and the commute is minimal.

Then, when you consider that this home is in the “Cambrian School District” and that ownership of this home provides membership in the Doerr Park recreational facilities, you have a rare find.

We may be going on the open market in the next few weeks. Text, email or call me for more details.

Large Turn-key Home, Pool & Solar – Open House

059A0178I’m059A0203 hosting an Open House on the gorgeous home.  Watch this VIDEO Tour of it and you will see what I mean. Open Sat..7/30/16 from 2-4.

4 large bedrooms, 2.5 baths, 2,352 sq. foot of living space and a refreshing pool/spa in the backyard.

Located in ‘Blossom Valley’ 4475 Park Sommers Way, San Jose, there are so many wonderful venues. Again, they are mentioned in the VIDEO Tour.

037Why not stop by for some chocolate chip cookies and see for yourself how refreshed this wonderful home is.

Or, text, email or call me for your own, personal tour.

Great Starter/Investment Home, San Jose

Since “location” has a significant influence on the value of a home, consider 1592 Sabina Way in San Jose, CA: 059A9975located just a few blocks from Hwy 85 and centered between Almaden Expressway and Camden you can get anywhere quickly. In 2.5 mi. you can be at the popular Butcher Dog Park, Almaden Fashion Plaza and Costco center.  The famous “Santa Row” is an easy light rail ride away.  Apple Cupertino, San Jose International Airport and Westfield Shopping Complex are 15 minutes away.

This VIDEO Tour shows the 1,100 sq. ft. 3 bth home well and that there has been a lot of custom wood work (base board, door frames, wain coating and chairback railing.  The hardwood floors and be brought back to a beautiful shine.  In the back yard there 9 different fruit trees a 10 x 12 shed with its own A/C unit, TV & stereo (a true ‘man’s cave’).  And all of this on a quiet, inner street.

Text, email or call me for more details.

Home Buyers: Now’s the Time

I have been in the housing business so long that I’ve been through several outgoing, 2 term presidents, where their party was in control of both houses.  Typically, at the beginning of the election year, interest rates and gas prices begin to rise.  They peak during 3rd. quarter and begin to improve toward the national election in November.  (Watch, as soon as I say this, we’ll see an aberration in 2016.)

However, this article may well be a signal that the trend will repeat itself in the coming months.

Prospective homeowners would be wise to buy their home as soon as they can.  Sales prices in the South County (San Jose, Morgan Hill, Gilroy, Hollister, San Juan Bautista, CA) begin to rise more rapidly at the end of March and peak in July.  The interest rates will probably inch their way upward during this same time frame.

And look at the impact of a 1.0% rise in interest rates*:  A $400,000 home with 10% down to a new, $360,000 30 yr. fixed rate loan will see a $214 higher monthly principle and interest; a corresponding increase in the qualifying income needed by $642/mth.  The closing costs will also be slightly impacted.

If you are thinking of buying a home, now will be the lease expensive time for South County homes for the next year or more.

*4.0% to 5.0%

Morgan Hill, CA Home Values

Morgan Hill Ave. SPAs you can see here, the average sales price of single family residences in Morgan Hill CA continued to rise over the last 12 months.

This month’s average sales price (approximately $960,000) is roughly 26% higher than 11/14’s average price of $760,000.

You will also notice that the average price spiked in 9/15 at roughly $1,010,000.

Now is a great time to buy a home in Morgan Hill: the ratio of prospective buyers-to-available homes is a little more balanced; the interest rates are still South of 4.0%; and, the short commute into San Jose is very manageable.

It is also a great time to sell your home: it worth more now than in the last 10 years.

For both prospective buyers and hopeful sellers, a sale NOW will get you settled in before Christmas and for the start of the mid school year.

 

Home Prices in Our Bay Areas

Here is a quick glance, one page summary of year-over-year values for of our Bay Areas.

The median prices increased slightly in Santa Clara County (up 9%) and Monterey County (up 6%) but dropped 1% in San Benito County.

At the bottom of the summary page we see some indicators which suggest San Benito County values may rise in 2015: Inventory of homes for sale increased 14% 9/13 to 9/14 which is one of the causes of the median price to drop. However, the Days on Market (DOM) dropped a whopping 46%!  Since homes sold significantly faster year-over-year we may see San Benito County single family prices rise next year.

With one eye on these opaque indicators and one on “the holidays” disengagement many get caught up in – a shrewd buyer should buy a home before the year is out. And, with interest rates around 4% for a home loan, you could be one of the few others admire in the future: “You bought at the end 2014?  You really ‘lucked’ out”.

Why not text, email or call me?  With your answers to 4 simple questions I will be able to compute for you how much of a home you can qualify for and provide you with a list of those homes in your price range.

“Happy (Holiday) shopping”.

 

 

Rent vs. Buy: Cheapest?

We know what the acronym A.S.S.U.M.E. really means, right?  Here is a good example: “Renting is cheaper than buying“. Simply assuming that paying rent costs less than making a house payment is ignoring many factors: the interest portion of the principle & interest and, the property tax portion of a house payment are tax deductible.  Appreciation also needs to be placed in the equation: rent payments will go up; home values (typically) go up while the house payment remains unchanged.

Would you believe this holds true even in San Francisco, Oakland and San Jose, CA?  As the attached article demonstrates, these and other cities have home purchase costs lower than paying rent.  In San Jose, CA for example, the difference is 9%.

If the rent vs. house payment debate wins in these large, metropolitan cities, we can assume (oops, here we go again) that the more affordable cities like Morgan Hill, Gilroy and Hollister, CA will have an even bigger difference favoring the purchase of a home vs. renting someone else’s.

Why not take a challenge?  Text or email me your city and the amount of rent you pay.  I will give your own comparison.