Why now is the best time to sell your Silicon Valley home?

According to real estate market trends, the best time to sell your home is early March through June. There are two main reasons for this: it is when parents are seeking to relocate their families in time for their kids to start fresh at a new school, and it is also the time when buyers have their tax refunds checks in hand.

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Zillow, the real estate database, carried a study that showed the homes listed between May 1 and May 15 sold an average of 18.5 days faster than homes not listed during that time. The same study also indicated that these same homes sold for an average of 1% more than normal, translating to a value-add of roughly $1,700 on a $170,000 home. According to Zillow’s Chief Economist SvenjaGudell, in late May or early June there tend to be more buyers and due to the time pressure, they are more desperate than other times of the year so they are willing to close sooner and spend more. If you list during this time period, you can anticipate you will have more buyers motivated to make a deal because they want their kids settled quickly before school starts in the fall.

It’s true people want to move in and out of the neighborhood in conjunction with the school year. So if you are a smart buyer and want to make the best use of real estate market conditions, you should look in December and try to find a house that is been on for a long time. Generally, you will be able to negotiate with sellers in that situation because they are most likely motivated sellers.

A seller should also consider not only the best month but also the best day during the month to list their homes for sale. According to real estate agents, not all homes sell quickly, especially if they are not priced right and the timing is not right. A seller should list their home on the right day, which is Thursday. It has been found that homes listed on Thursdays are more likely to sell faster, above listed price compared to those homes listed on any other day of the week since buyers get ready to shop for homes on weekends. But unfortunately for sellers, only 18% homes are listed on Thursdays. Saturdays, Sundays, and Mondays are generally the worst times to first list your home.

The second best time of the year to sell a home is September-to-October but it is a distant second to spring when you will find more buyers in the market. Below is a chart showing the real estate activities over the last few months.

Work with Cynthia Trinh if you want to discuss the future sale of your home with a professional real estate agent. She will provide you with excellent customer service during the entire selling process. She will work diligently for your best interests to obtain the highest possible sales price for your house in the shortest possible timeframe. She will negotiate on your behalf, help you prepare your closing documents and guide you through the closing process.

Call Cynthia Trinh on 408-802-3680 to discuss your home selling needs.

APRIL 2017 PREVIOUS MONTH YEAR-OVER-YEAR
Median Home Price +5.8% $1,182,500 $1,117,500 +4.6% $1,130,000
Average Sales Price -2.7% $1,194,870 $1,227,850 +5.2% $1,135,490
No. of Homes Sold +14.3% 48 42 -5.9% 51
Pending Properties +19.3% 68 57 +51.1% 45
Foreclosures Sold N/A 0 0 N/A 0
Short Sales Sold N/A 0 0 N/A 0
Active Listings -8.3% 33 36 -34.0% 50
Active Foreclosures N/A 0 0 N/A 0
Active Short Sales N/A 0 0 N/A 0
Sales Price vs. List Price +4.1% 109.7% 105.4% +1.1% 108.5%
Average Days On Market -23.9% 10 14 -29.2% 15

Work with Cynthia Trinh if you want to discuss the future sale of your home with a professional real estate agent. She will provide you with excellent customer service during the entire selling process. She will work diligently for your best interests to obtain the highest possible sales price for your house in the shortest possible timeframe. She will negotiate on your behalf, help you prepare your closing documents and guide you through the closing process.

Call Cynthia Trinh on 408-802-3680 to discuss your home selling needs.

For more info visit: http://5starlending.net/

Homes this summer will be less affordable than previous year

The summer housing market is shaping up to be another doozy for those who want to buy their dream home. This year may be the starkest example of a post-recession reality for housing, and one that appears poised to redefine the regional market as we know it. All the signs are indicating that homes this summer will be far less affordable than they were this time last year.

Affordability is being hit on several fronts. The foreclosure catastrophe is over, but it left behind an entirely new landscape for potential home buyers. Entry-level homes are in short supply because investors acquired thousands of entry-level homes during the crisis and turned them into rental properties, thereby removing them from available inventory for prospective buyers. According to the U.S. Census, the number of single-family rentals jumped to more than 15 million, up from about 11 million in 2009.

Simultaneously, home builders are producing fewer new homes than in past years due to the increasing cost and short supply of skilled construction labor; thousands of construction workers have stopped doing business, never to return. For first time homebuyers this is particularly difficult because builders are not focusing on entry-level homes because costs are rising faster than selling prices resulting in margins that are simply too tight.

Also, the younger group of home buyers is delaying marriage and parenthood, historically the two most important factors driving home ownership. Potential home buyers today are facing challenging new realities. Competition is tough and buyers have to be ready to act decisively and quickly to win the bidding war to purchase their dream home.

More than ever, in a market like we have today, home buyers need to take careful steps to maximize their options on the larger to home ownership. As a buyer, the help of a professional with vast experience in the housing market can make the difference between a winning, and a losing, bid. If you are planning to buy a home in San Jose, in Silicon Valley or anywhere else in the Bay Area, Cynthia Trinh can be an invaluable resource and partner for you. She is a professional real estate and mortgage expert with good experience in the housing market.

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Cynthia Trinh has earned a professional recognition in mortgage and real estate market. She can help you make the right decision by helping you find one of the best home loans in Silicon Valley. She can help you track the actual current home loan rates available in the market and educate you on various loan options available to suit your needs. Whether you are a first-time buyer, move up buyer or are planning for retirement, Cynthia Trinh will be the best support possible in Silicon Valley.

Homes this spring will be less affordable than previous year

The spring housing market for this year is shaping up to be another doozy for those who want to buy their dream home. This year may be the starkest paradigm of a post-recession reality that is redefining housing as we know it. All the signs are forecasting that homes this season will be much less affordable than the previous year.

homeloan

The affordability factor is being hit on several fronts. The foreclosure catastrophe is over, but it left behind an entirely new landscape for potential home buyers. Entry-level homes are in short supply because investors bought thousands of entry-level homes during the crisis and turned them into rentals to gain profits. According to the U.S. Census, the number of single-family rentals jumped to more than 15 million, up from about 11 million in 2009.

It has been observed home builders are operating below normal levels because of the higher costs and a lack of labor, and thousands of construction workers have stopped doing business, never to return. Home builders are not paying heed to entry-level homes because the margins are simply too tight. Also, the price for new construction is rising at a higher speed.

Also, the younger group of home buyers is delaying marriage and parenthood, the two important factors for driving home ownership. The potential home buyers today are facing tough new realities. Some houses are clearly overcharged, and renting is still a better financial option in some markets.  Competition is tough and buyers have to be ready to pull out all the tricks.

Under such a scenario, home buyers need to take careful steps so that they have best options in front of them. As a home buyer, you need to take help of a professional with vast experience in the housing market. If you are planning to buy a home in San Jose, Cynthia Trinh can be of great help. She is a professional San Jose mortgage expert with good experience in the housing market.

Cynthia Trinh has earned a professional recognition in San Jose mortgage and real estate market. She can help you make the right decision by helping you find one of the best home loans in San Jose. She can help you track the actual current home loan rates available in the market and educate you on various loan options available to suit your needs.  Whether you are a first-time buyer, move-up buyer or are planning for retirement, Cynthia Trinh will be the best support possible in San Jose.

Homes this summer will be less affordable than previous year

The summer housing market is shaping up to be another doozy for those who want to buy their dream home. This year may be the starkest example of a post-recession reality for housing, and one that appears poised to redefine the regional market as we know it. All the signs are indicating that homes this summer will be far less affordable than they were this time last year.

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Affordability is being hit on several fronts. The foreclosure catastrophe is over, but it left behind an entirely new landscape for potential home buyers. Entry-level homes are in short supply because investors acquired thousands of entry-level homes during the crisis and turned them into rental properties, thereby removing them from available inventory for prospective buyers. According to the U.S. Census, the number of single-family rentals jumped to more than 15 million, up from about 11 million in 2009.

Simultaneously, home builders are producing fewer new homes than in past years due to the increasing cost and short supply of skilled construction labor; thousands of construction workers have stopped doing business, never to return. For first time homebuyers this is particularly difficult because builders are not focusing on entry-level homes because costs are rising faster than selling prices resulting in margins that are simply too tight.

Also, the younger group of home buyers is delaying marriage and parenthood, historically the two most important factors driving home ownership. Potential home buyers today are facing challenging new realities. Competition is tough and buyers have to be ready to act decisively and quickly to win the bidding war to purchase their dream home.

More than ever, in a market like we have today, home buyers need to take careful steps to maximize their options on the larger to home ownership. As a buyer, the help of a professional with vast experience in the housing market can make the difference between a winning, and a losing, bid. If you are planning to buy a home in San Jose, in Silicon Valley or anywhere else in the Bay Area, Cynthia Trinh can be an invaluable resource and partner for you. She is a professional real estate and mortgage expert with good experience in the housing market.

Cynthia Trinh has earned a professional recognition in mortgage and real estate market. She can help you make the right decision by helping you find one of the best home loans in Silicon Valley. She can help you track the actual current home loan rates available in the market and educate you on various loan options available to suit your needs. Whether you are a first-time buyer, move-up buyer or are planning for retirement, Cynthia Trinh will be the best support possible in Silicon Valley.

How can you get your commercial loans approved?

It is very challenging to get a commercial loan approved these days.  It is completely based on risks. The higher the risk your business poses to the lender, the harder it will be to borrow. Here are the following tips that will help you present the best case to a commercial lender and increase your chances of getting commercial loans in Bay Area for your business needs with competitive terms.

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Assess your business first

In the procedure of obtaining commercial loans, there are a few criteria on which the commercial loan lender will evaluate your business and intangibles that may apply. You should start the process by viewing your business through the lender’s eyes. You should go through the application process to find out what exactly the lender wants. Talk to them informally to know what exactly they want. You should know what your business credit score is and find out whether your business is profitable or not. You also need to find out whether you have good reputation in your target market or not.

Try to cover up the deficiencies you have

Once you know what the loan lender will expect for your needs of commercial loans in Bay Area and knowing where your business stands, you will succeed in identifying your shortcomings. You will get an opportunity to repair the deficiencies before you apply for the commercial loan. If your business lacks profitability, you can clean up this problem before applying for a loan. In case your credit score is low, investigate to make sure there are no mistakes that are artificially lowering your credit score.

Choose the commercial loan lender intelligently

Different commercial loan providers in Bay Area have different strengths. You need to search a professional who has good knowledge and experience in the market of commercial loans and commercial real estate in Bay Area.  A knowledgeable and experienced professional like Cynthia Trinh can help you with your commercial loans or real estate needs. With her vast knowledge and experience, she has created great value for her customers. Cynthia Trinh has over 14 years of experience in residential, commercial, mortgage and investment. She is a strong negotiator and uses best industry practices to help her customers through the complex process of obtaining commercial loans, and buying and selling real estate transactions.

Hope you found the above information helpful. You should keep the above points in mind if you want a hassle-free commercial loan approval process.

Are you planning to apply for FHA loans in San Jose?

FHA loans have been assisting people become proud homeowners since 1934. These loans are mortgage loans insured by the Federal Housing Administration. They are popular, mainly for the first-time home buyers because the requirements are less strict than conventional loans. They were created in response to the sudden increase of foreclosures and defaults that happened in 1930s. to offer mortgage lenders with sufficient insurance and help stimulate the housing market by making loans accessible for individuals with less than stellar credit score or a low down payment.

FHA loans in San Jose

Your mortgage broker in San Jose CA can offer you a better deal on FHA loans in San Jose because the eligibility for these loans is not astringent. These loans offer low down payments, low closing costs and easy credit qualifying. FHA loans are ideal for first time home buyers as it offers down payment as low as 3.5% of the purchase price. You can get this loan by taking help of a mortgage lender who is approved by the Federal Housing Authority. You can take help of online resources to locate a lender who will help you in getting a better deal on a FHA loan.

Potential benefits of FHA loans

Your dream of becoming a proud homeowner can become possible with FHA loans in San Jose. These loans are usually the best fit for the first time as well as next time home buyers. The Federal Housing Administration(FHA) offers a number of loan programs that promote home ownership. As this loan option requires a relatively small down payment, it is the perfect way to purchase your first or next dream house.

FHA Home loans in San Jose

The Federal Housing Administration loans protect the lenders from financial loss and increases your chances of being accepted. It is not difficult to qualify for FHA loans in San Jose. You will need a decent credit history and a reasonable debt-to-income ratio. You will be likely approved for a home loan relative to the market prices of homes in your locality.

Many homebuyers prefer FHA loans in San Jose because of their potential advantages. Whether you have little or no credit history, FHA loan approval requirements tend to be less stringent than those for conventional loans. On one side when conventional mortgages often require down payment of 5-10% of the purchase of a home, FHA loans can be obtained for only 3.5%. They have more relaxed credit qualifications than conventional loans. Also, these loans are assumable by another buyer if you are looking to sell.

So it’s time to contact your San Jose mortgage lender to know if FHA loans are suitable for you or not.

Are you in need of FHA loans in San Jose?

FHA loans are gaining a lot of popularity in San Jose, especially with the first time home buyers. This is because their requirements are less demanding or strict in comparison to conventional loans. Also a borrower can qualify for this loan with a little down payment.

FHA loans in San Jose

Many borrowers look forward to FHA loans in San Jose as there are many benefits to it. It has less credit score requirements. Individuals who have low or bad credit, undergone bankruptcy or have been foreclosed upon can still apply for FHA loans. The only catch here is that FHA loans require two types of mortgage insurance premiums. One is paid in full upfront, and other is a monthly payment. Also, you can qualify for this loan only when the house meets certain conditions and is appraised by an FHA-approved appraiser.

You can take help of a professional lender to help you with your needs of FHA loans in San Jose. But remember, a lender must be approved by the Federal Authority in order to help you get a FHA loan.  There are many lenders that help individuals with their mortgage needs. They also provide you the option to apply online for a mortgage in San Jose.

Get in touch with 5Star Capital if you are in need of FHA loans in San Jose. For Any Further Query visit  http://5starlending.net/