Inventory is low, employment is high, and buyers are out in force. The Silicon Valley is loaded with young professional people who are looking for a place to call home. Many are looking for homes that do not exist. It is sad, and I want to help, but I can only help those who are realistic.
We have a joke in the real estate business. We make fun of people who want 3 bedrooms, 3 baths, 1600 square feet, less than 5 years old in Mountain View for $400,000 or less. When I hear this I have to bite my tongue to keep from laughing.
This is an extreme case. $400,000 will get you a 2 bedroom 40 year old condo with less than 1,000 square feet in Mountain View.
What about the the less extreme cases? How can you tell if what you want is realistic.
It is not that difficult, even in a market with historically low inventory.
Make a list of your priorities.
Check the MLS ( or better yet have a real estate agent check the MLS for you) with these parameters sold in the last 6 months.
Increase the price by 10%.
If what you are looking for has sold i the last 6 months and you can afford the additional 10% price increase ( as prices are appreciating in Mountain View) then you are being realistic and your patience is likely to pay off.
If your parameters +10% do not produce results you are likely unrealistic and your dream town home in Mountain View does not exist.
You may believe in the power of positive thinking, goal setting, positive thinking, or any other mind over matter technique, but in the world of real estate, real is the operative word. Either something exists, or it doesn't. If a Mountain View town home does not exist, even I am not good enough to find it for you.
If you have any questions about buying or selling a town home in Mountain View please feel free to contact me.
Marcy Moyer
marcy@marcymoyer.com
DRE 01191194
650-619-9285
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