Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Jan. 16, 2020

Affordable Homes In Santa Clara County, Silicon Valley

There are affordable homeownership opportunities in Santa Clara County. The BMR = Below Market Rate Home Ownership program is available in three cities. For more information about eligibility and restrictions visit: 


Call/Text me for questions at 408-561-1321  - Follow me for more informational First Time Homebuyer videos.

Jan. 6, 2020

DEC 2019 Santa Clara County Real Estate Report


Dec. 30, 2019

Why San Jose Homeowners Shouldn’t “For Sale By Owner"


Why You Shouldn’t “For Sale By Owner”

Rising home prices coupled with the current inventory in today’s market may cause some homeowners to consider selling their homes on their own (known in the industry as a For Sale By Owner). However, a FSBO might be hard to execute well for the vast majority of sellers.

Here are the top 5 reasons not to FSBO:

1. Online Strategy for Prospective Purchasers

Studies have shown that 93% of buyers search online for a home. That’s a pretty staggering number! Most real estate agents have an Internet strategy to promote the sale of your home. Do you?

2. Results Come from the Internet

According to NAR, here’s where buyers found the homes they actually purchased:

  • 55% on the Internet
  • 28% from a Real Estate Agent
  • 10% Other
  • 6% from a Yard Sign
  • 1% from Newspapers

The days of selling your house by putting up a sign in your yard or placing an ad in the paper are long gone. Having a strong Internet strategy is crucial.

3. There Are Too Many People to Negotiate With

Here’s a list of some of the people with whom you must be prepared to negotiate if you decide to FSBO:

  • The buyer, who wants the best deal possible
  • The buyer’s agent, who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The appraiser, if there is a question of value

4. FSBOing Has Become Increasingly Difficult

The paperwork involved in buying or selling a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years.

5. You Net More Money When Using an Agent

Many homeowners believe they’ll save the real estate commission by selling on their own, but the seller and buyer can’t both save the commission.

A report by Zillow revealed that FSBOs are inclined to do so because they believe it will save money (46 percent cite this among their top three reasons), but they don’t actually save anything, and eventually end up listing with an agent.

The same report revealed that,

“While 36% of sellers that (at first) attempted to sell their homes on their own, only 11 percent of sellers—in other words, less than a third…actually sold without an agent.”

It appears working with a real estate professional is the best answer.

Bottom Line

Before you decide to take on the challenges of selling your house on your own, reach out to a local real estate professional to discuss your needs.

Dec. 11, 2019

HOA Dues: How This Extra Costs Can Price You Out Of Homeownership

HOA Dues: How This Extra Costs Can Price You Out Of Homeownership.


If you’re finally ready to buy that first home or a vacation paradise, you probably think you’ve already paid your dues, and deserve the mortgage for that property.

But it’s dues of another kind that may throw the wrench in your home application. The HOA dues required by your condo or planned community AND SOMETIMES SINGLE FAMILY HOMES. Understand that when you finance a home, the HOA dues are counted in your debt-to-income ratios. With a single family home outside of these  communities, you’ll still have maintenance costs, but underwriters won’t be considering them when they underwrite your loan.




“If a lender is qualifying you up to the maximum of what your debt-to-income ratio can accept, larger HOA fees than were considered from the beginning could affect your mortgage approval,” says Travis Schmidt, senior loan officer with Scottsdale, Ariz.-based Movement Mortgage.

In other words, you may need more income to qualify.


Dec. 10, 2019

Who pays real estate commission when buying a home in San Jose?

Who pays the commission? If you are buying a home, you don’t have to pay real estate agent commission; however, you still have to pay closing costs. The home seller pays the commission for both the seller’s agent and the buyer’s agent. But that doesn’t mean that there is no cost to the buyer. Sellers sometimes account for the fee they’ll be paying and pass costs along by raising their listing price. Call/Text/DM Me if you have any questions 408-561-1321 #firsttimehomebuyer


Dec. 10, 2019

Home sitting on the market. Is something wrong with it?

If a home doesn't sell in a market that is moving, there might be something wrong with it—or it might just be overpriced. Buyers often bypass opportunities to make offers on overpriced homes, but if you do this, you might be passing up an opportunity to buy your dream home for a bargain price. There are overpriced gems hiding among the inventory of homes for sale every day. If you know how to identify them and if the circumstances are right, there can be a lot of room for negotiation. 

Oct. 8, 2019

Rent Out Your Home Tax Free

This information is sourced directly from the IRS Website: Here

Rental Property / Personal Use

If you rent a dwelling unit to others that you also use as a residence, limitations may apply to the rental expenses you can deduct. You're considered to use a dwelling unit as a residence if you use it for personal purposes during the tax year for more than the greater of:

  1. 14 days, or
  2. 10% of the total days you rent it to others at a fair rental price.

It's possible that you'll use more than one dwelling unit as a residence during the year. For example, if you live in your main home for 11 months, your home is a dwelling unit used as a residence. If you live in your vacation home for the other 30 days of the year, your vacation home is also a dwelling unit used as a residence unless you rent your vacation home to others at a fair rental value for 300 or more days during the year in this example.

A day of personal use of a dwelling unit is any day that it's used by:

  • You or any other person who has an interest in it, unless you rent your interest to another owner as his or her main home and the other owner pays a fair rental price under a shared equity financing agreement
  • A member of your family or of a family of any other person who has an interest in it, unless the family member uses it as his or her main home and pays a fair rental price
  • Anyone under an agreement that lets you use some other dwelling unit
  • Anyone at less than fair rental price

Minimal Rental Use

There's a special rule if you use a dwelling unit as a residence and rent it for fewer than 15 days. In this case, don't report any of the rental income and don't deduct any expenses as rental expenses.

Direct Link To IRS Article: IRS Topic 415

Sept. 25, 2019

Is Your Silicon Valley House “Priced to Sell Immediately”??


Is Your House “Priced to Sell Immediately”?

In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do.

According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year over the past two years, but have started to slow to 3.6% over the last 12 months. By this time next year, CoreLogic predicts home values will be 5.4% higher.

With prices slowing from their previous pace, homeowners must realize that pricing their homes a little over market value to leave room for negotiation will actually dramatically decrease the number of buyers who will see their listing (see the chart below).Is Your House “Priced to Sell Immediately”? | Keeping Current Matters Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price their house so demand for the home is maximized. By doing so, the seller will not be negotiating with a buyer over the price, but will instead have multiple buyers competing with each other over the house.

The secret is making sure your house is Priced To Sell Immediately (PTSI). That way, your home will be seen by the most potential buyers. It will sell at a great price before more competition comes to the market.

Bottom Line

If you’re debating listing your house for sale, reach out to a local real estate professional to discuss how to price your home appropriately and maximize your exposure.

Sept. 18, 2019

Recession Fears: Should We Buy A San Jose Home Now Or Should We Wait?

What will happen to the housing market during the next recession? During the 2008 recession, the housing market crashed. In the years prior to what’s been called the Great Recession, subprime mortgages made buying a home accessible to almost anyone, including those who couldn’t afford to. As a result, there was a boom in homeownership and mortgages with little or no money down. As real estate prices declined dramatically, homeowners quickly found themselves “underwater” on their mortgages, meaning they owed more than the homes were worth. Struggling to keep up with payments they couldn’t afford amid massive layoffs and a stock market crash, millions of Americans began to default on their mortgages. It’s estimated that 9.3 million homeowners went through foreclosure or lost their homes. Some analysts argue that concerns over another housing market crash during the next recession are overblown. Laurie Goodman, founder and co-director of the Housing Finance Policy Center at Urban Institute, says it’s unlikely the housing market will crash again in an economic downturn. “Home prices aren’t expected to drop any time soon,” says Goodman. “In the past four recessions, they actually only dropped during one of them.” Greg McBride, chief financial analyst at Bankrate, notes that “anything goes” lending practices were a big part of why the last recession crushed the housing market. Today, there are stricter regulations in place under the Dodd-Frank Act to make sure this doesn’t happen again. Full Article:…/buying-a-home-before-recession/

Sept. 18, 2019

Buying A San Jose Home Is Reliable Investment

If you think long term, it's never really a bad time to buy a home. Real Estate has reliably risen in value over the long term. You're already paying somebody's mortgage, it may as well be your own.