Distress Sales Continue Their Decline in Santa Clara County The Graph shows the percentage of sales of residential property each month from August 2008 through May 2012 that were either Short Sales or REO Sales. A Short Sale occurs when the seller's lender(s) accept(s) less than the full payoff
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06/11/2012
Cash Purchases in Santa Clara From Jan 2003 to May 2012 The Graph shows the percentage of purchases of residential property each month from January 2003 through May 2012 that were "All Cash". The buyer purchased the property without a loan. Data include all Single Family Residences, Condominium
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06/09/2012
Not All Square Footage is Created Equal Here's my conversation with a prospective seller last night. It was the second appointment of a two-step listing approach. We had a comfortable rapport and I had already reviewed pictures and MLS details of comparable homes. We were talking about fair mar
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06/08/2012
Wordless Wednesday; Pink Flamingos Devour T-Rex at Google Campus A client invited me to lunch at Google headquarters recently. That's always a treat because the food is excellent and it's provided to employees and guests gratis. And the expanding Google campus is fun and interesting unless you'
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06/06/2012
If You Don't Vote...Don't Complain. That's what my sweet wife reminded me this morning. Since I like to complain, I figured I better vote. I already had my absentee ballot but I hadn't yet mailed it in. So I marked my ballot at home and rode my bicycle about a 1.5 miles to Saratoga City Hall, t
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06/05/2012
Eichler and Mid-Century Modern Homes in Silicon Valley. Joseph Eichler built hundreds of Mid-Century modern homes throughout the San Francisco Bay Peninsula from about 1950 through 1968. His homes are characterized by the following: Post and Beam construction; Low-Pitch or flat, originally tar a
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06/04/2012
There's a discussion in AR about whether or not a Listing Agent's e-mail to the Selling Agent that communicates the seller's acceptance of an offer, is binding. Rumors are being spread. Read your contract. It's probably not too different from the California Association of Realtors Purchase Cont
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06/02/2012
Please read and heed this blog post if you're planning a trip to San Francisco or the San Francisco Bay area. Don't say "Frisco" when referring to San Francisco. Hearing 'Frisco' grates. It's like hearing a slur; it's revolting and makes us feel sort of nauseous. Hearing 'Frisco' makes us wond
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06/02/2012
Home sales in Silicon Valley broke records in April 2012. Saratoga, CA was no exception. Only one April in recent history experienced more sales ('05), and compared to the April 10-year average, sales in 2012 were up 33%. The number of Listings (i.e., homes put on the MLS Market For Sale) we
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05/25/2012
A home on the Saratoga, CA broker tour yesterday had an unusual feature; a full-sized Bocce Ball court. I told the listing agent that I had never seen a full-sized Bocce Ball court in a private back yard and that I enjoyed playing Bocce Ball. Several parks in San Francisco have them, and very re
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05/17/2012
