Thursday, June 11, 2015

How Much To Offer On A Mountain View Condo With Multiple Offers

Mountain View condos multiple offers

Anyone trying to buy a condo in Mountain View right now knows that it is tough out there. There are many more buyers than sellers and many Mountain View Condos sell with multiple offers way over list price. Some homes go as much as 30% over asking, but some do not. How does a buyer make the decision about how much to offer to have the winning bid in a Mountain View condo multiple offer situation and not overpay?
The answer is not simple, and sometimes it is not a question of price, but terms, like contingencies, length of escrow, length of rent back, etc.
 
But for right now, let's just discuss price. Here are some things to keep in mind when you make an offer on a Mountain View condo in a multiple offer situation,
1. In my opinion the most important thing is, how much is this home worth to you? In other words, what price would you offer so that if it sold for $1000 more you would not be sorry because you do not want to pay that much. It may be that you would pay more than your offer if you could, but you can't so you are just doing your best. But if that is not the case you need to decide how much the house is worth to you so that if you do not get it you will not have regrets.
2. How is the asking price of this home compared to market value? If the house is listed low it will get multiple offers and sell for much more. If it is listed at or above market value it will not. This is not rocket science. Figuring out market value can be a little tricky since there are many variables, and the market is a moving target, but a good Mountain View real estate agent should be able to help you analyze comps. Once you know the market value you will have to offer more in an appreciating market like we are in now. Sorry, but that is the truth.
3. What is the style of the listing agent? Does he or she like to list homes very low to get as many multiple offers as possible on their Mountain View listings? Does the agent over value a home to try to get more money for their client, or just try to win out on a competitive listing? Does the agent like to work with multiple counter offers, or accept the the first best offer?  Your agent should be able to give you insight into what other Mountain View real estate agents like to do.
 
In the end, the final offer price and terms will be your decision, but if you have a great Mountain View real estate agent he or she can help guide you through the murky waters of Mountain View multiple offers. On the plus side for would be buyers, now that the spring market is over, the prices are starting to stabilize and this could be a good opportunity to buy without quite as much competition.
If you have any questions about buying or selling a condo in Mountain View please feel free to contact me.
If you would like to search for condos for sale in Mountain click here.
 
Marcy Moyer
marcy@marcymoyer.com
Ca B.R.E. 01191194
650-619-9285

Silicon Valley Housing Inventory Snap Shot June 2015


I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory SnapshotMay 28, 2015
 Average List Price30 Days TrendMedian List Price30 Days TrendAverage DOM: active/sold30 Days TrendNumber of Listings
Alameda County, CA
Single Family under $1M$626,2200.80%$649,0003.02%320687
Single Family over $1M$1,842,0791.42%$1,500,0000.01%610270
Condo/Townhome under $600K$407,617-2.42%$399,900-4.33%27-1189
Condo/Townhome over $600K$755,0511.88%$698,880-3.85%17-158
Contra Costa County, CA
Single Family under $1M$532,1671.05%$498,0002.05%42-3975
Single Family over $1M$2,086,5845.24%$1,699,0002.67%682454
Condo/Townhome under $600K$355,2862.36%$349,5005.94%30-2182
Condo/Townhome over $600K$734,1721.31%$724,9990.83%20556
Monterey County, CA
Single Family under $1M$568,607-2.28%$519,450-7.08%71 / 16-3 / -78309
Single Family over $1M$3,662,2920.40%$2,095,000-0.24%161 / 10-5 / -134298
Condo/Townhome under $600K$322,4343.83%$305,000-6.30%72 / 45-3 / 4535
Condo/Townhome over $600K$929,93813.87%$839,0008.96%131 / 3843 / 3824
San Benito County, CA
Single Family under $1M$580,165-1.87%$529,000-2.94%104 / 10-12 / -2264
San Mateo County, CA
Single Family under $1M$780,5803.76%$794,8884.59%27 / 9-2 / -1180
Single Family over $1M$4,390,2478.99%$2,288,80014.50%72 / 94 / -12234
Condo/Townhome under $600K$463,9692.96%$468,000-0.21%14 / 15-4 / -125
Condo/Townhome over $600K$1,002,9131.86%$868,0005.21%36 / 14-5 / 442
Santa Clara County, CA
Single Family under $1M$754,9713.98%$765,0003.52%33 / 230 / 11516
Single Family over $1M$2,555,419-3.66%$1,850,000-5.52%53 / 135 / 0593
Condo/Townhome under $600K$449,5153.44%$450,0002.74%23 / 194 / -3131
Condo/Townhome over $600K$905,7630.86%$848,0000.00%18 / 140 / 6117
Santa Cruz County, CA
Single Family under $1M$694,7623.17%$709,9004.47%55 / 552 / 40222
Single Family over $1M$1,904,654-3.45%$1,560,0004.00%81 / 11-17 / -15138
Condo/Townhome under $600K$412,7893.00%$435,0009.02%72 / 35 / -857
Condo/Townhome over $600K$813,265-2.00%$725,0000.00%104 / 180 / 030
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance through the process.

Sincerely,
   Marcy Moyer
Realtor®
Direct (650) 619-9285
Cell Phone (650) 619-9285
Fax (650) 560-6290
CalBRE License Number: 01191194
marcy@marcymoyer.com
www.marcymoyer.com
Keller Williams

Tuesday, May 26, 2015

The Bay Area's Best Kept Secret, El Cerrito Hills


Welcome to El Cerrito Hills, one of the best kept secrets in the East Bay. This neighborhood boasts incredible views, a terrific trail system, and a very highly rated Madera Elementary School. This home is a meticulously maintained split level rancher with the main floor housing 4 bedrooms and 2 updated baths, as well as the kitchen, dining room and living room. There are spectacular views from every room. The lower level has a huge office/family room, laundry room, and full bath. There are very few places where you can get these views, this nice of a house, and such a high scoring elementary school.

Some important features include:

Home has been lovingly maintained and extensively upgraded
Walk out to the gorgeous 10,200 square foot lot with wisteria, lawn, and patios
Quiet cul-de-sac location close to highly ranked Madera School and bus to BART
Custom kitchen with gas stove, solid surface counters, eat in nook, built in desk, pantry, pastry counter, and bay views
Main floor has 4 bedrooms and 2 updated bathrooms, all with bay views
Living room and dining room have huge windows, and bay views
All bedrooms plus the living room and dining room have wood floors
Large family room on the lower level w/ access to back yard & fireplace
Lower level also has full bathroom, laundry room, and storage closet
Disclosures available at www.marcymoyer.com/marcyslistings Click on the folded paper icon at the top
For more pictures and information go towww.8351KentCt.com
Offered for $1,200,000.

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

Wednesday, May 6, 2015

Silicon Valley Housing Market Snapshot

Housing Inventory SnapshotApril 30, 2015
 Average List Price30 Days TrendMedian List Price30 Days TrendAverage DOM: active/sold30 Days TrendNumber of Listings
Alameda County, CA
Single Family under $1M$621,2574.94%$629,9505.17%32-5646
Single Family over $1M$1,816,2150.99%$1,499,8880.33%619250
Condo/Townhome under $600K$417,7404.91%$418,0007.18%28-6186
Condo/Townhome over $600K$741,131-0.88%$726,9000.26%18-1038
Contra Costa County, CA
Single Family under $1M$526,644-0.31%$488,000-1.41%454902
Single Family over $1M$1,982,599-2.75%$1,654,888-0.90%65-3426
Condo/Townhome under $600K$347,0904.69%$329,9004.75%31-18190
Condo/Townhome over $600K$724,6721.15%$719,0002.86%15254
Monterey County, CA
Single Family under $1M$581,8863.07%$559,0003.54%73 / 93-2 / 45320
Single Family over $1M$3,647,779-6.69%$2,100,000-4.46%165 / 145-17 / 91281
Condo/Townhome under $600K$310,539-8.73%$325,500-1.06%75  / N/A**12 / N/A**32
Condo/Townhome over $600K$816,643-0.69%$770,000N/A**88  / N/A**-11 / N/A**14
San Benito County, CA
Single Family under $1M$591,2445.34%$545,0009.00%116 / 314 / -2765
San Mateo County, CA
Single Family under $1M$752,289-2.51%$760,000-1.30%29 / 191 / 0114
Single Family over $1M$4,028,1700.03%$1,999,000-1.77%68 / 20-10 / 0260
Condo/Townhome under $600K$450,6232.35%$469,0006.83%17 / 161 / -1522
Condo/Townhome over $600K$984,6162.15%$825,00010.15%42 / 10-25 / -126
Santa Clara County, CA
Single Family under $1M$726,0601.23%$739,0002.64%33 / 12-1 / -1523
Single Family over $1M$2,652,405-0.48%$1,958,0003.11%48 / 14-8 / -2565
Condo/Townhome under $600K$434,5793.48%$438,0005.54%19 / 21-7 / 1181
Condo/Townhome over $600K$898,041-12.32%$848,000-4.61%18 / 84 / -446
Santa Cruz County, CA
Single Family under $1M$673,4272.15%$679,5420.67%53 / 15-10 / -22226
Single Family over $1M$1,972,629-2.69%$1,500,0000.03%98 / 26-17 / 23115
Condo/Townhome under $600K$400,7856.54%$399,0005.28%67 / 11-6 / -4940
Condo/Townhome over $600K$829,874-7.09%$725,000-1.89%104 / 18-26 / 1621
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance through the process.

   Marcy Moyer
Realtor®
Direct (650) 619-9285
Cell Phone (650) 619-9285
Fax (650) 560-6290
CalBRE License Number: 01191194
marcy@marcymoyer.com
www.marcymoyer.com
Keller Williams 
I am here to help you.