Good News, Bad News In San Juan Baustista

This VIDEO Tour of 766 Avenida Del Piero in San Juan Bautista turned out really well. It is a gorgeous executive home which sits on a professionally_DSC2350-HDR landscaped , half acre and is bordered by a 510 acre Agricultural Land Trust. It offers 3 good size bedrooms and a nice office, 2.5 bathrooms and a finished, 3 car garage and 3,415 sq. ft. of living space. Travertine tile and plush carpet, 10′ & 12′ ceilings, recessed lighting and remarkable views out every window makes this home very desirable. It is an entertainer’s dream.

The good news is that it was available for you to buy.

The bad news: we received multiple offers, it sold over the asking price and sold in just a couple of days. People from many different areas were calling about the home. One gentlemen was going to drive down from Oregon (a 6 hr. drive) to buy it. He had seen the VIDEO Tour and wanted the home. However, to each all I had to offer was a different listing I am working on, in that same community, which should be on the market in a couple of weeks.

This has become my good news, bad news experience: with a nicely staged home and great marketing materials my listings sell quickly and typically for more than the owners asked. I’m becoming more comfortable with: “Sorry, it went quickly, however, I’m will have another listing in that same subdivision. Would you like me to send you it’s information?

7 Good Ideas for Remodeling

Thinking of doing some ‘freshening’ up in your home this year? Here are 7 good ideas you can do for little money.

Likewise, there are some things which were popular years ago but now are passe.  This article lists 2 of those things you want change.

The standards for most return value on improvement dollars spent, in this order are: mailbox, garage door, front door, kitchen and bathrooms. We find that money invested in these areas at least helps the home sell quicker and, often for more than you spent to spruce up the house.

Likewise, it remains, funds devoted to pools, bedrooms, and even living rooms, in that order, will yield the least profitable returns.

Pssst, I Know A Great Place, Coming Soon!

766 Avenida 003

It’s fun to know, before others, about something which is coming soon. This is just, such a surprise: it’s a drop-dead-gorgeous executive home tucked away in the foothills of San Juan Bautista.

Golf, nearby. Tennis, down the lane. Scenic trails & wildlife….. And the commute…so easy!

Watch for the VIDEO Tour of it.  I’ll be launching it about 2 weeks.

You don’t want to miss this jewel!

 

 

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.

Kitchen Trends Add Value

The best return on your home improvement dollars is in the kitchen.  This article offers 10 suggestions for kitchen updates in 2017.

While the mailbox, garage and front door have the highest return for their costs, the kitchen is the #1 investment room inside the house. While you may not get 1:1 return you will get more of your money back in the form of a higher sales price than a home with a dated kitchen – you will get more bang for your buck than say, money spent on a bedroom.

Besides, don’t we spend a great deal of time in the kitchen? Especially when family and friends are over. Holidays, special events etc., often evolve around the kitchen.

Great 4 bdrm Hollister Home 4 Sale

003Watch the VIDEO Tour here, of 2141 Calistoga Dr. in Hollister. It will be like walking thru this comfortable home.

This single story house offers 4 bdrms & 2 baths on a raised foundation and has a good size, 3 car garage.

What a great location too: directly behind this house is 102 acres of grazing land and an unobstructed view of the Diablo Mtn. Range; a short walk takes you to the much sought after “Cerra Vista Elementary School”; the school has a large park the neighborhood enjoys; at the end of Calistoga Dr. is the popular ‘Whale Park’ with its water features, playground equipment and benches; a little over a mile away is “Ridgemark Golf & Country Club”; 15 min. or so takes you to the popular “Hollister Hills” offroad vehicle state park and, 20 min. north of this home is Gilroy Premium Outlets, big box shopping and CalTrains for an easy commute.

By definition 2141 Calistoga Dr. is a “turn-key” home: freshly painted inside and brand new carpet allows you to move right in and enjoy.

After watching the VIDEO Tour contact me for your own, personal tour. You can text, email or call me with your best time to see it.

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.

Rate increase: NBD

Media are so invested in ‘reporting’ sensational news that often, stories are made out of nothing. For example, all of the major networks this week have reported a “hike” in interest rates – as if that was news worthy.

First of all, a “hike” in the woods is typically a big deal. A “hike”can also refer to down hill movement. So that choice of words is used out of the media’s numb mindset of “breaking news” and “shocking developments“. A more appropriate word to describe an interest rate increase would be “adjustment” as in, “interest rate adjustment“. Our speech patterns however, have gotten lazier so saying a 3-syllable word like “adjustment” might be too much work for media-types.

Consider the truth about an interest rate increase. If you get a home loan of $424,000 at 4.5% interest rate for a 30 yr. loan, your monthly principle and interest payment will be $2,085.83. Last month, that loan might have only cost 4.25% with a payment of $2,085.83. The total difference in this “shocking development” is $62.50/mth. That’s it. And, that slight upward adjustment translates into $178 more gross pay per month needed to qualify for the 4.5% loan. No big deal (NBD) – right?

Having said this, in a season of increasing interest rates, there is no value in waiting for better rates. The slight adjustment in payments pails in comparison to typical appreciation of the home’s value. Just a 5% increase in our example home’s value would be $2,208/mth (annualized). So, don’t procrastinate buying or refinancing a home rationalizing to yourself,  “I’ll wait until the rates go back down”. 

Coming Soon, Hollister 4 bd. 2 bth.

In about 2 weeks 2141 Calistoga Dr., Hollister, will go on the open market for sale.  When it does this 1,820 sq. ff. home won’t last long.  We’re pricing 003it to sell quickly.

This nice house will be freshly painted, new carpeting, and a refinished hardwood floor entry.  Unlike the new homes being built, the home sits on a raised foundation, has a remarkable view of the acres immediately behind it, the foothills beyond. and reasonable side yard space. Likewise, 2141 Calistoga has a cozy fireplace in the family room – many of the new homes near hear don’t have a fireplace.

If you would like to see this nice house before the open public does, text, email or call me.  I will arrange a tour of it for you.

Today’s Price vs. Bubble-Peak Price

In CA the average home ownership has been between 7 to 10 years.  So, now many home owners who, want to sell their homes, are having unnecessary hesitations. Their comments go something like this: “THAT’s all we can get for our house?! But we paid $X for it 10 years ago.  We’ll lose money if we sell at today’s price“.  So I ask: “Did you pay cash for your home?” When the home owners say: “no, we financed it” we have the following conversation.

Since you did not pay cash for your home, what you DID pay was principle, interest, taxes and insurance.  THAT’s what you have paid for your home, not the ‘Sales Price’ back then“.

Here is an example:  If they agreed to a sales price of $700,000 in 2006 and got a 90% home loan at 4.0% then what they have actually paid for their home looks like this: $198,293 principle (including the down payment) + $199,650* interest + $87,528* property taxes +$9,600 for insurance.  What they really paid was the total of $420,405 (*after income tax advantages).

So, if today’s market value is, say, $600,000 they didn’t really lose $100,000, they will actually get all of what they DID pay and another $179,595 ($600,000 – $420,405). That $179,595 is a 42.7% return on their investment!  Wow! What a different way to look at it.

Of course there were other expenses such as private mortgage insurance for a couple of  years, repairs and upgrades.  Still what they have actually paid for the home is considerably less than their original Sales Price.

Make sense?  If not, text, email or call me.  I’ll be happy to demonstrate your actual gain.