Tuesday, January 28, 2014

Why this Is A Great Time To Sell Your Studio Condo In San Jose

Selling San Jose Studio Condo
The San Jose real estate market is booming. Inventory has never been lower. Everything is getting multiple offers. Buyers are out in droves. But for some types of properties there is still the fear on the part of the sellers that they will have trouble selling.

Studio condos are in that class of traditionally hard to sell homes. If you own a studio condo in San Jose and are thinking of selling, do not hesitate.
Small is in. The size of your home is now not as important as it was in the past. This trend is already very popular in San Francisco so San Jose is never far behind.

The potential occupant of a studio condo in San Jose would be a young busy tech professional, city or county worker on a budget, or even a young doctor or post doc student. The buyer of a San Jose studio condo could be any of the above, parent of any of the above, or investor looking for a rental property.
Young professional buyers and renters are very busy. They spend so little time at home there is not a need for a huge living space. Tech companies often provide meals on site and many young foodies love to buy from food trucks or local restaurants. Huge kitchens are not a necessity for them.  Easy access to transportation, entertainment, and coffee shops is. 

As buying a home becomes more and more expensive buying a small San Joae studio condo is a more reasonable option than a larger 1 or 2 bedroom condo.

So if you have a San Jose studio condo you would like to sell, now is the time. When I list San Jose studio condos for sale I like to have the home cleared out. Then I stage it with Ikea furniture designed specifically for one room spaces. The bed should wither be elevated, or be able to convert to a sofa. Tables should fold, and there should be plenty of shelving on the wall.  The San Jose studio condo should be staged to be move in ready, and then the whole set up can be sold to the new buyer if they want. If not, I pack it up and stage my next San Jose studio condo with it.

If you have any questions about selling a studio condo in San Jose please feel free to contact me.
Marcy Moyer

Ca BRE 01191194
650-619-9285

The Hamilton In Palo Alto Luxury Adult Living

The Hamilton Palo Alto

The Hamilton in Palo Alto is a 36 unit condominium at the corner of Hamilton and Byron/Middlefield in Palo Alto that is the epitome of luxury in Palo Alto retirement living. Built in 1997 it was designed to meet the needs of adults over 55 who want to stay in Palo Alto and live in downtown, but want the security and convenience of condo living.
Unlike some other Palo Alto retirement communities The Hamilton does not offer assisted living or skilled nursing care.  What it does offer, beside gorgeous, spacious condos, is 24 hour security 7 days a week. a car service to drive you to appointments within 10 miles of the Hamilton, pool, fitness room, common living room, common library, courtyard, coffee, tea and bisccotti in the morning, and a gourmet restaurant for dinners 5 nights a week. The meals are $10.50 a person to cover the cost of the food, and additional charges if you would like wine. There is maid service and on site handymen, but these are also charged additionally, although at very reasonable rates.
The residence age requirements are one occupant must be at least 55 years old. The second occupant must be at least 45 years old. The only exceptions to this would be if an occupant over 55 has full time help, or a disabled child living with him or her. In these cases the minimum age requirement is waived.

The monthly dues are hefty, ranging from around $4000 a month to $4400 a month for one person, and $5000 a month to $5300 a month for two people.  All utilities except electricity are included in the dues. The reason for the high cost in this Palo Alto retirement residence is that this is a large building with only 36 owners and a huge staff. There are not a lot of owners to split the costs.

The condos are large and beautiful, ranging from about 1400 sq feet to 2000 square feet which is very large for retirement homes in the Silicon Valley.

Prices are going up. Last year the average price per square foot was $635 but my recent listing just sold for $793 a square foot. This is a huge jump, but still not at the level of $1000 a sq foot which is common in downtown Palo Alto.

If you have any questions about what your options are for retirement living in Palo Alto please feel free to contact me.

Marcy Moyer
Keller Williams Realty Palo Alto
Ca BRE 01191194
650-619-9285

Monday, January 13, 2014

Retirement In The Silicon Valley


While the Silicon Valley is known for many things, high tech, great schools, and expensive housing, it is also actually a wonderful place for retirement. The options available for independent adult living, assisted care, nursing homes, continuing care, as well as home health care are abundant.

This is the first blog in a series about what some of the many options you have for your retirement in the Silicon Valley. Today I will talk about independent living for active senior adults.

Independent living in a retirement community means that you would have your own home, condo, or apartment, but the other people in the community would all be seniors. The age cut off depends on the number of units in the community. The smaller communities may have older age requirements, ie 62 years old vs 55 years old. 
In an independent Silicon Valley active retirement community there are generally some services provided but not true assisted living. Meals may be available or there may be restaurants on the premises. There may be shuttle services to take residents shopping or to doctors appointments. There are frequently recreational activities such as pools, golf, hiking trails, gyms, art classes, excursions to theatres and concerts, and organized card games.

Some of these independent retirement communities offer additional services for their residents, like maid services or in room meals. 

Purchasing a home or condo in an independent Silicon Valley retirement community is generally less expensive than an equivalent home in a non age restricted community. For example Los Gatos Commons has a two bedroom condo listed for $320,000 when no non age restricted condo in Los Gatos sold for less than $500,000 in 2013. There are also options for renting in adult only apartments or buying a mobile hone in an adult only park.

The cost of independent living monthly fees can be steep depending on what is included. It is not unusual to pay $1000 to $5000 a month for dues if meals are included or if there are a lot of recreational facilities offered.

These independent Silicon Valley retirement communities can be found all over the bay area. South San Jose has the Villages, Los Gatos has the commons, Menlo Park has the Commons, Palo Alto has the Hamilton, and San Mateo has The Gramercy just as a few examples. Whether you want a rural, suburban, or urban experience, you can find it in a Silicon Valley retirement community.

If you have any questions about buying a home in a Silicon Valley retirement community please feel free to contact me. 

Marcy Moyer
Keller Williams Realty
Ca BRE 01191194
650-619-9285

Monday, January 6, 2014

I Love Living In Palo Alto

living in palo alto

A cold snap is covering most of the country. I just got a message from a friend in Maryland saying it is 7 degrees this morning so he is going to the gym instead of out running. This is after a big snow storm blanketed the mid west and east coast. I love living in Palo Alto.
Today is supposed to be 73 in Palo Alto. I have to decide between going for a run/walk on the Dish at Stanford (walk the steep uphill and run the flat and downhill parts) or taking my dog to the beach at Half Moon Bay. Did I mention I love living in Palo Alto?

Living in Palo Alto

Maybe I will do both, although I do have a lot of work to do today.
It is wonderful to living in Palo Alto, but there are challenges.
Homes are expensive, and there is a lot of competition for them. If you want to buy a home in Palo Alto be prepared to pay a lot of money and have a lot of competition. Most homes sell for over list price and have multiple offers as the inventory of homes for sale has been very low for a long time.

living in palo alto
In 2013 there were 407 single family homes sold. only 5 sold under a million dollars. The average 3 bedroom 2 bath house sold for $1,923,541, was 1661 square feet with a 7,000 square foot lot, and was on the market 14 days.
But a smaller house than you find in other neighborhoods for me is a small price to pay for the benefits of living in Palo Alto. I think we have the best schools, parks, restaurants, stores, and people in the world. And who can complain about our wonderful weather?
Palo Alto also has great diversity in the neighborhoods. There is the vibrant downtown area with condos, apartments, and cute older homes. Then Professorville with gorgeous historic homes from the turn of the century. Old Palo Alto has both stately homes form the 20's and 30's as well as large newer homes and many larger lots. Crossing Oregon you get to Midtown where older cottages and ranch homes are mixed with many new builds. Then South Palo Alto is the mid century modern lover's dream with street after street of Eichlers. 
If you want to look for homes in Palo Alto click here.
If you have any questions about living in Palo Alto please feel free to contact me.
Marcy Moyer
Keller Williams Realty Palo Alto
Ca BRE 01191194
650-619-9285

Where Do Palo Alto Buyers Come From Part 3

Selling a home in palo alto
In Where Do Palo Alto Buyers Come From Parts 1 and 2 http://actvra.in/48kQ#sthash.72NoBZSb.dpuf, http://actvra.in/48hM#sthash.oRB1OcTH.dpuf I discussed the fact that 40% of buyers come from the internet and 35% come from other agents. That means that on a national basis 75% of buyers come from the internet or agents and 25% come from other sources. This blog will talk about those other sources.

On a National basis 11% of buyers will come from a yard sign. There are still people who want to buy in Palo Alto who will drive through neighborhoods looking for open houses and for sale signs. When you are selling your home in Palo Alto it really is a good idea to have a for sale sign in your yard. It is not that important what the color, height, or sign post looks like. Just make sure that the Palo Alto agent you chose to sell your home in Palo Alto has a sign with a large phone number on it so that if someone drives by it is easy to see the phone number they need to call to get the info on the home you are selling in Palo Alto.

Nationally about 6% of all buyers of homes are friends of the seller and that is how they find their home. Given that it is not a bad idea to post the fact you are selling your Palo Alto home on Facebook, take fliers of your home to work, and talk it up with your friends.
5% of homes are sold by builders so this does not apply to you if you are selling your home in Palo Alto.

2% of all homes nationally are sold because of a newspaper ad. Everyone knows that newspaper ads sell real estate agents, not real estate. So if a Palo Alto real estate agent tells you they are better at marketing because of all their beautiful newspaper ads ask to see their internet ads and put that in the mix.

2% of all homes are sold by owner. The numbers are not in your favor to try it that way.
Less than 1% of homes find their buyer in magazines.

So if you are selling a home in Palo Alto it is a great idea to keep these figures in your head when you are interviewing Palo Alto real estate agents. this will help you make a more objective decision.

If you have any questions about selling a home in Palo Alto please feel free to contact me.

Marcy Moyer
CA BRE 01191194
650-619-9285

Friday, December 20, 2013

Where Do Palo Alto Buyers Come From Part 2

Selling a home in Palo Alto
Yesterday I spoke about the internet being the major source of buyers when selling a house in Palo Alto. Today I want to discuss real estate agents.

Palo Alto real estate agents are the second largest source of providing a buyer for the home you are selling in Palo Alto. When I first became a Palo Alto real estate agent 19 years ago agents were the number one source. While Palo Alto agents are no longer the keeper of all information, they are still an important resource when you sell your Palo Alto home.

Buyers look to their agents for advice and to keep up with what is going on in the market. Palo Alto buyers with specific requirements will often ask their agent to preview a home first and let them know if it meets their needs.


The Palo Alto real estate agent you choose to help you sell your home in Palo Alto should have a marketing plan for agents as well as for buyers. This can include a variety of methods:

1. MLS listings with private remarks for agents. These remarks should highlight some features that may not be allowed on the public remark section like showing instructions, where the lock box is located, if there is a trick to opening the door. This seems minor but if an agent can not get in your home will not be shown.

2. Broker open house tour with a giveaway or food: You want as many agents as possible to see your home for sale, even if they do not think they have a client for it. If you entice an Palo Alto real estate agent to see your home they may find it actually works for one of their clients, even if they did not think it would.

3. Email blasts: Even though the home you are selling in Palo Alto is on MLS having your agent send email blasts to other agents may help get someone's attention who has a client that may want your home.


The most important thing a Palo Alto real estate agent can do to help you sell your home is be nice to other agents. You want an agent with a reputation of being fair and honest with other agents. There are some real estate agents who are known to cross ethical boundaries that other agents do not like to work with. In this competitive market buyers do not want to waste their time making offers on homes where their offer will not get a fair shot, so the agents are reluctant to present an offer. Things like the listing agent representing a buyer or even multiple buyers or the listing agent's buyer assistant consistently winning in multiple offers will turn other agents away from presenting offers and you may lose out on the best offer.

So while the internet is a vital tool in selling your home in Palo Alto, real estate agents have not gone the way of the Dodo bird and are invaluable in this endeavor.

If you have any questions about selling a home in Palo Alto please feel free to contact me.

Marcy Moyer
CaBRE 01191194
650-619-9285

Where Do Palo Alto Buyers Come From? Mostly the Internet!

Selling a home in Palo Alto
As a Palo Alto real estate agent I am often asked by potential sellers about my marketing plan. While it is true that it is probably easier to sell a home in Palo Alto than most other places, marketing is very important. However, the type of marketing that works in today's market is not the same as the type that worked 20 years ago, and this change should be reflected in your Palo Alto agent's marketing plan.

While over 80% of buyers start their home search on the internet, 40% actually find their home on the net. This is critical! Almost half of all buyers find their home in the internet and then go to see it. So how and where your home is on the internet is the most important thing you can do to get your Palo Alto home sold for the best price price and term. Since these numbers are national, I suspect that in this tech savvy area the figures are even higher.

Not all Palo Alto agents are equal when it comes to internet marketing. Just putting a Palo Alto home for sale on the MLS and letting it get picked up by other sites does not cut it in the wild west of the internet. Your Palo Alto real estate agent should put your home and as many pictures as possible on as many sites as possible. There is a service I use called List Hub that syndicates to 900 real estate sites. It is also important to add as many pictures as possible to the internet because some sites rank the order of the home by the number of pictures. Even sites like Trulia and Zillow needed to be massaged by your Palo Alto real estate agent in order to make sure there are as many pictures as possible, that the open house days and times are listed, and that as much detail on the information about the home is included. 

Marketing a home you are selling in Palo Alto should revolve around the internet, but I will talk about other paths tomorrow.

If you have any questions about selling a home in Palo Alto please feel free to contact me,
Marcy Moyer
Keller Williams Realty
Cal BRE 01191194
650-619-9285

Monday, December 16, 2013

There Are Some Great Reasons to Buy a House In Half Moon Bay

buying a home in half moon bay
If you have been looking for a home in the bay area you may find yourself frustrated with multiple offers and 10-20 other people all going after the same homes you are. Homes sell quickly and for huge amounts over asking in most cases. It is hard to know how much to offer, and what makes your offer stand out. 
There is no easy solution, but the best advice I can give people is to expand their horizons. This can mean try to be more open minded about the style, price, or location of what you are willing to buy. The area where the buyer has the most discretion is location.
One excellent location to get away from the maddening crowd of buyers is to go to the coast, look into buying a home in Half Moon Bay.

There are some great reasons to think about buying a home in Half Moon Bay, a fantastic coastal town just 6 miles off of 280 and 92.

1. There is more inventory.
buying a home in half moon bay
This chart shows months of inventory in Half Moon Bay. Months of inventory is the number of months it would take to sell all of the current homes on the market based on the current rate of sale. It is one of the major ways economist use to determine how good or bad the housing market is. 6 months or less is generally considered a healthy market. More than 6 months is a slow market.  In 2013 Palo Alto was always around 3 weeks so as you can see buying a home in Half Moon Bay means the buyer has more choices and more control over the situation.

2. There are fewer Multiple Offers
buying a home in half moon bay
While most cities in the bay area are seeing crazy spikes over asking prices, Half Moon Bay home prices have hovered around asking for most of the year. If you offer on a home in Half Moon Bay you will not have to guess at how much over asking to pay, 10%? 20%? Figure out the market value, what the home is worth to you, and use the lost art of negotiation.

3. Traffic, it is no worse than most freeways. While driving on 92 to get to 280 or home at night can be slow it is not much worse than other major transportation routes. It is just as hard to deal with 85 and 101. 

4. Half Moon Bay is a great place to live!
half moon bay real estate agent
From the fantastic beaches, including the dog beach at the Harbor, or the famous Maverick's for surfing, fantastic restaurants, cute shopping areas, great golf courses, and of course the famous Pumpkin Festival Half Moon Bay offers plenty of activities to keep most people occupied, happy, and relaxed in their spare time.

So if the rat race of Silicon Valley real estate is getting you down, maybe you should think about buying a home in Half Moon Bay.

If you have any questions about buying a home in Half Moon Bay feel free to contact me.

Marcy Moyer
Keller Williams Realty
CABRE 01191194
650-619-9285

Wednesday, December 11, 2013

Should You Sign A Buyer's Broker Agreement With A Palo Alto Realtor?

Let me start by saying I know this post is going to evoke some strong reactions from both other  real estate estate agents in Palo Alto as well as around the country. It may also evoke some strong reactions from home buyers in Palo Alto and around the country. Please let me explain that in my 19 years as a Palo Alto real estate agent I have learned that there are many right ways to do things. I do not use buyer brokers agreement. This is how I like to run my business. How other people do it is their business. If it feels right to a future home buyer who is reading this great, if not then feel free to contact someone else.

Ok, so what is a buyer's Broker agreement? Some Palo Alto real estate agents will ask their clients to sign a contract saying that during a specific period of time the client agrees that if they buy a house from anyone, the Palo Alto real estate agent they have this agreement with will get paid a commission of no less than x%. So even if the buyer finds a for sale by owner home, a new home where the builder is not paying the buyer's agent a commission, or decides to use a different agent the Palo Alto real estate agent who signed the agreement gets paid by the buyer. 

In exchange for this financial obligation the Palo Alto real estate agent will promise to do a number of things. The most import is usually work diligently to find a home, get the best deal possible, and pledge allegiance to the buyer.

The pluses on this agreement are that both parties are contractually committed to each other so the buyer knows the Palo Alto real estate agent has put in writing how hard he or she will work. There will be no slacking.
Palo Alto real estate agent
The Palo Alto real estate agent knows the client will be loyal and his or her work will not be wasted because if the buyer finds a home the agent will be paid.

I do not work like this. I always tell my buyers this relationship is like living together, incredibly close and mutually beneficial, but we can split up easily. First of all, I don't even consider that we are in a relationship until we have a few dates. We need to spend some time together, see some house, see if we get each other. Do I understand what you want? Do you like the way I communicate, my hours, my way of helping you? If so then we can become exclusive. I am your only Palo Alto real estate agent and you promise not to cheat on me. If during our "living together time" something goes wrong and you don't like me anymore I just ask that instead of suing me to get out of the contract, just fire me. We will both be much happier.

If that works for you then we can go on a date, if not, it was great meeting you and best of luck on your home search!

If you ask me to be your agent there will be no buyer broker agreement in writing.  if you meet a Palo Alto real estate agent who wants you sign a buyer broker agreement I hope this has given you some food for thought.

If you have any questions about buying a home in Palo Alto please feel free to contact me.

Marcy Moyer
CA BRE 01191194
650-619-9285

Tuesday, December 10, 2013

209 Market Place Menlo Park Ca Is Getting Ready For Market

House for sale in Belle HavenAs a Menlo Park Realtor I specialize in selling ugly duckling homes that are begging to turned into swans, like this upcoming listing at 209 Market Place in the Belle Haven neighborhood of Menlo Park. I have a team of experienced contractors who help me get the most increase a home's value for the least amount of money. I thought you might be interested in hearing about what we do.

In the case of this home in Belle Haven we had a house with a roof that was way beyond need of replacement, ugly laminate kitchen counters, old carpet over hardwood floors, a poorly painted interior, very old fashion red brick fire place, no landscaping, ugly kitchen cabinets, ugly bath vanity and fixtures, and ugly closet doors.
My contractor started work about a month ago. We tore out the old fashioned Home Depot kitchen counter and replaced it with a sleek new counter from Ikea that is still laminate, but looks great and only cost $150 for the material. The entire inside was painted a color called Sierra White which has a hint of grey in it, today's it color. The kitchen cabinets were painted a darker shade of grey called Malibu Beige and an incredibly dramatic slate backspash was added.
The bathroom got a new vanity in a dark chocolate color with vinyl tile squares, a beveled glass medicine cabinet, new light, and new towel bar, toilet paper holder set.
All three bedrooms got new beveled mirror closet doors.
The red brick fire place was panted with a chalk paint in the same grey as the kitchen cabinets.
The old carpet was removed and the original oak hardwood floors were re-finished and stained a dark color called spice.
A new roof was installed in a bright green color to match the newly painted front door and pale green house color.
Belle Haven home for sale
Staging was done yesterday, and landscaping will happen today.
This Belle Haven ugly duckling home for sale is about to become a swan.
I will show you the finished results in a few days.

If you have any questions about buying or selling a home in Belle Haven please feel free to contact me.

Marcy Moyer
Cal BRE 01191194
650-619-9285

Palo Alto 3 Bedroom Homes Under $1,500,000 Are Like Dodo Birds

Buying a Palo Alto home
One and a half million dollars is a lot of money to spend on a home almost anywhere except if you are buying a home in Palo Alto. If that is your budget, then I suggest you look somewhere else. 
The chart above is a breakdown of all homes sold in Palo Alto from June through November of 2013 with at least three bedrooms and at least 2 baths. There were a total of 187 sales of these homes during this time period. Of these 187 homes a total of 8 sold under 1.5 million, and a total of 17 sold for 1.6 million or less. so as you can see if you want to buy a home in Palo Alto your chances are slim if you your budget is less than 1.5 million. The bulk of the homes sold in Palo Alto were over 2 million, 63 homes. What is interesting is that there were more homes sold over 3 million, 36 of them, than between 1.8 and 2 million 31 homes.

So if you want to buy a home in Palo Alto with at least 3 bedrooms and 2 baths and your budget is 1.5 million or less what should do? Here is my advice:
Examine very carefully why you want to buy a home in Palo Alto and look for those attributes in another city. In other words, cast a broader net. Buying a home in Palo Alto will get you a lot of wonderful things, but maybe you can get what you want somewhere else.
1. Schools: Many people want to buy a home in Palo Alto for the great schools. There are other excellent school districts including Menlo Park, San Carlos, Mountain View, Sunnyvale, Cupertino.
2. A vibrant downtown area: Many people want to buy in Palo Alto to be close to University Ave. There are also thriving downtown areas in San Carlos, Sunnyvale, Mountain View, Burlingame.
3. Charming older homes: If you want to buy in Palo Alto because of the character of homes in Professorville or Old Palo Alto you can also find this type of home in Willow Glen, the Rose Garden, or Burlingame.
I am not saying to stop looking to buy a home in Palo Alto, but if you want to buy a home in the next few months, you will need to expand your search because the numbers are not in your favor if you limit your search to just buying a home in Palo Alto.
If you have any questions about buying a home in Palo Alto or any of the surrounding areas please feel free to contact me.

Marcy Moyer
Keller Williams Realty Palo Alto
Cal BRE 01191194
650-619-9285

Don't Pay For Termite Repairs On A Palo Alto Home In Escrow

Selling a Palo Alto home
As many of my blog followers know I sell a lot of Palo Alto homes in trust and probate. The owners were often very old, as are the homes, and frequently in need of repair. While it is often a good idea to keep repairs at a minimum in order to decrease the liability to the estate, sometimes it is necessary in order to allow buyers to be able buy and move into a home safely, or in order to increase the value exponentially.
I am currently sellling a Palo Alto home that needed some major bathroom repairs since it was unclear an adult could stand on the bathroom floor without falling through to the crawl space. No amount of staging was going to fix that problem. The second bathroom in this Menlo Park home was not much better.
The seller of this Palo Alto home decided to redo both bathrooms and Preferred Termite company was generous enough to allow the $15,000 payment through escrow. 
Selling a home in Palo Alto
The house went on the market generating plenty of interest and multiple offers. The seller of this Palo Alto home chose a nice couple who were pre-approved for a loan and felt comfortable enough with the reports and repairs done by the seller that they waived the property condition contingency, knowing that there was still more work to be done on the termite report. They could use the new bathrooms and felt the rest of the termite work and replacing the roof could happen over time.
Unfortunately their lender did not agree. There was no problem with the appraisal or underwriting. However, one day before we were due to close the funder looked at the seller's HUD1 (final closing statement) and saw that there was a $15,000 payment going to Preferred Termite. They said that all work called for on the termite report, including providing more access to the crawl space by making a new opening, had to be done before funding the loan.
Lesson learned. Fortunately neither the seller of the Palo Alto home or the buyer were trying to meet a deadline so the buyer switched lenders, the Palo Alto home seller will pay the termite company out of escrow so it is not on the closing statement and we will close in 2-3 weeks.
So remember, when selling a Palo Alto home do not put payments for inspections or termite repairs in escrow or the buyer's lender may ask to see them and muck up the sale.

If you have any questions about selling a home in Palo Alto please fell free to contact me.
Marcy Moyer
Cal BRE 01191194
650-619-9285

Selling Palo Alto Home With Really Ugly Kitchen Counters?

If you are going to sell an older home in Palo Alto which has really ugly counters you may be in a quandary about whether to leave them the way the are, or replace them so the house does not look so bad. Since so many of our older homes are being purchased as tear downs, or at a minimum for major remodel you may wonder if it is worth spending the money if the house and or kitchen are going to be demolished anyway.
selling a palo alto home
I actually think that unless your home is red tagged by the city and unsafe to enter, it is a good idea to make it look livable, and as welcoming as possible when you are selling a home in Palo Alto. 
The reason is simple. While it is true that many older and especially smaller homes in Palo Alto are sold and torn down, it is not true for all of them. There are still Palo Alto buyers out there who want to buy a home in Palo Alto and live in it. Some of them will eventually remodel or tear down, but they still plan on spending time living in the Palo Alto home you are selling. 
Also, even if the plan for the home in Palo Alto you are selling is to tear it down and build a new one, this process takes time, often a year or more. During that time period it is very common to have the home occupied, either by the person who purchased it, or by a renter. the more livable the home in Palo Alto you are selling the more it will be worth to a potential buyer.
Ikea sells counter tops that are laminate, but look very nice and are cheap. It is about $60 for an eight foot counter plus installation.
selling a home in Palo Alto
The improvement in look is worth much more than the cost to do it. 
Remember, when selling a house in Palo Alto the goal is to get as many people as possible interested in your home, no matter what the condition. My making some inexpensive cosmetic improvements you can appeal to end user buyers, people who want to remodel, and people who want to tear down.

If you have any questions about selling a home in Palo Alto please feel free to contact me.

Marcy Moyer
CAl BRE 01191194
650-619-9285

Why You May Need To Put A New Roof When Selling A Menlo Park House

The market is hot in Menlo Park, inventory is down to almost nothing, homes get multiple offers, and Menlo Park home sellers are in the driver's seat. So Does this mean it is ok to just put a home on the market in any condition and you will get offers 20-30% over list price? Unfortunately not always. 
While it is true that there is a lot of cash out in the world, assuming that you will have multiple excellent cash offers to chose from when selling your Menlo Park home is not always the case. I recently listed a home that had 12 offers, and not one was all cash.
Very often cash offers are not the best offers. Many investors as well as end users feel if they are going to pay cash they want something back, that is a lower price.
A financed offer may be the best or sometimes only offer you get when selling your home in Menlo Park, so your home needs to get through the appraisal process as well as underwriting.  This means more than just being worth what the buyer offers. It also means that there can not be obvious health and safety issues.
Selling a home in menlo park
So while an appraiser will not know if your bathroom shower pan is leaking, they do look at and take pictures of the house. If the roof on the Menlo Park home you are selling looks like this, a buyer will not get a loan. I once had a client who was buying a Bank of America foreclosure using Bank of America for their lender. The appraisal came back saying that Bank of America would not lend on the home that Bank of America owned because the roof needed replacing. We managed to get Bank of America to put a new roof on. If that can happen on a foreclosed home, if should happen on the Menlo Park home you are selling.
Selling a home in Menlo Park
The basic concept here that unless the home you are selling in Menlo Park is really not livable it is best to appeal to as wide a group of people as possible. This means that the home must have a roof that looks like it will make it through a rain storm and not collapse in a little wind. It does not have to be new, but if it is obviously failing then it should be replaced before going on the market.

If you have any questions about selling a home in Menlo Park please feel free to contact me.

Marcy Moyer
Cal BRE 01191194
650-619-9285