Silicon Valley Real Estate & Miscellany

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Real Estate Agent - Certified Realty Services - BRE# 00572654
The Santa Clara County real estate market is adjusting to the tightening credit standards and subsequent loss of Buyers. From about 2002 to 2006 the real estate market was kept more active than the underlying fundamentals would justify because of the liberal financing and easy credit standards. Buyers didn't need a down payment, they didn't to verify their income and they used deeply discounted adjustable interest rate loans to qualify to financing. All of this is "coming home to roost" and the low-end of the market, in particular, is very soft. Well-priced homes in good locations are still active.
RECENT BLOG POSTS
Wordless Wednesday; Sometimes Things That Don't Smell Fishy, Are Fishy Lloyd Binen Broker/Realtor/DRE 00572654 Certified Realty Services 19200 Shubert Drive Saratoga CA 95070-4046 Certified Residential Specialist (CRS); Graduate Realtors Institute 408-373-4411; e-mail
05/01/2013
Is the Federal Reserve Blowing a New Silicon Valley* Bubble? That's almost the title of Edward Pinto's Op-Ed in the Wall Street Journal a few weeks ago.  It caught my attention because I've been wondering the same thing about Silicon Valley.  He was opining about the national real estate market, ...
04/25/2013
FDIC is Filing Claims Against Real Estate Agents and Appraisers That's the attention-grabbing subject of an e-mail I received last week from the California Real Estate Legal Alliance.   They're the  attorneys affiliated with my E. & O. Insurance Company; it's the E. & O. company endorsed by the C...
04/22/2013
When a Rent-Back Agreement is Needed, Incorporate it into the Purchase Contract. It's not unusual for an owner to need to remain in their home for awhile after closing the sale of their personal residence.  Most State Associations of Realtors provide a standard, fill-in-the-blank, "Seller in Poss...
04/20/2013
How Would You Respond to This E-Mail? I received the following e-mail message from a person I don't know.  It's probably a shotgun broadcast to every agent in this area, although I'm not positive.  How would you respond?    "Dear Lloyd, REVestors LLC continues to work with agents who want to part...
04/19/2013
Cash Purchases of Santa Clara CA Homes Reach One-Quarter of all Sales. Twenty-five percent of all Single Family Residence, Condo and Townhouse purchases in Santa Clara County, CA were cash transactions in March 2013, according to the local Multiple Listing Service, MLSlistings, Inc.  Surpisingly,...
04/18/2013
Almost Wordless Wednesday; Ceramic & Paper Mache Artist on Venice Beach, CA I've been in Venice Beach, CA since Saturday visiting my son and supporting some of the local beach vendors.  The business card for www.loscalavera.com says: " Watch out for Fake Imitations; Say No To Piracy".  I did watc...
04/03/2013
Gardening in Silicon Valley; Mountain View, CA Plant Exchange  3/30/13 You don't need to have a green thumb to look like a Master Gardener in Silicon Valley.  Mother Nature has done most of the hard work by bestowing what's needed: fertile valley soil, temperate climate and lots of sunshine.  Tha...
03/27/2013
The Median Sales Price of Silicon Valley Home Reach Pre-Bust Levels. The graph shows the Median Sales Price and the rolling six-month average for Single Family Residences sold in Silicon Valley from January 2004 through February 2013, according to the local Multiple Listing Service, MLSListing, I...
03/26/2013
What Does a Duty of "Honest and Fair Dealing and Good Faith" Mean? Those words should ring a bell for CA real estate licensees.  They’re copied verbatim from the Disclosure Regarding Real Estate Agency Relationships that buyers, sellers and agents must sign prior to entering into a listing or pur...
03/25/2013
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Lloyd Binen

Silicon Valley Realtor since 1976; 408-373-4411
local_phone(408) 373-4411
smartphone(408) 373-4411
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What's Up in Silicon Valley Real Estate. Particularly Saratoga, Cupertino, Campbell, West Valley, Mountain View and Sunnyvale.