Is It Really the Best Time to Sell in Silicon Valley?

JUN 8, 2016-1 MIN
Silicon Valley Real Estate Podcast with John Fagan

Is It Really the Best Time to Sell in Silicon Valley?

JUN 8, 2016-1 MIN

Description

<div style="text-align: center;"> <iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/GAwpIQcm0Gw?rel=0" width="480"></iframe> </div> <br /> <div> <div dir="ltr" style="text-align: center;"> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><em><strong>Looking to buy in the Silicon Valley?&nbsp;</strong><strong><a data-cke-saved-href="http://www.kellyfischerteam.com/idx/" href="https://www.blogger.com/idx/" target="_blank">Get a full Home Search</a>&nbsp;</strong></em><br /><em><strong>Looking to sell in the Silicon Valley?</strong>&nbsp;<strong><a data-cke-saved-href="http://www.kellyfischerteam.com/home-evaluation.php" href="http://www.searchallproperties.com/propertyvaluation-plus/SuperiorRealty/Silicon+Valley+VYRAL-465391" target="_blank">Get a Home Price Evaluation</a></strong></em></span></div> <div dir="ltr" style="text-align: center;"> <em><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><br /></span></em></div> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">We've seen a lot in the media about what a great time it is to sell - we even did a market update for you recently with the numbers. But how do you know it's really the best time to sell? Does that blanket sentence mean it's the best time to sell your Silicon Valley property?</span></div> <span style="font-family: &quot;arial&quot;; vertical-align: baseline; white-space: pre-wrap;"><br /></span> <span id="docs-internal-guid-a16be862-30fb-da5a-85fc-66b1cd70da37"><span style="font-family: &quot;arial&quot;; vertical-align: baseline; white-space: pre-wrap;">In reality, not necessarily. It is a seller's market and a great time in general to sell, but as we always talk about in real estate,<b> i</b></span><span style="font-family: &quot;arial&quot;; vertical-align: baseline; white-space: pre-wrap;"><b>t </b></span><span style="font-family: &quot;arial&quot;; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">goes back to the 3 most important things about a property: location, location, location. This is because real estate is very localized.</span><span style="font-family: &quot;arial&quot;; vertical-align: baseline; white-space: pre-wrap;"> An area may have an average value of $400 per square foot, but that's because one neighborhood has a value of $350 per square foot and another neighborhood in the same area has a value of $450 per square foot. With real esta</span><span style="font-family: &quot;arial&quot;; vertical-align: baseline; white-space: pre-wrap;">te being so localized, </span><span style="font-family: &quot;arial&quot;; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">it's hard to say a blanket statement like "now is the best time to sell."</span></span><br /> <br /> <br /> <div style="border: solid 1px #03506a; display: block; margin: 0 auto; padding: 20px 10px; width: 80%;"> <span style="color: #03506a; display: block; float: left; font-size: 100px; line-height: 50px; position: absolute;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;">“</span></span><br /> <div style="color: black; font-size: 20px; font-weight: bold; margin: 0 auto; padding: 0 10px; text-align: center;"> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;">It goes back to the 3 most important things about a property: location, location, location.</span></div> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><br /></span> <span style="color: #03506a; display: block; float: right; font-size: 100px; line-height: 50px;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;">”</span></span></div> <div dir="ltr"> <br /></div> <div dir="ltr"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">You really want to break it down by the local market in your local neighborhood and see if it's really the best time to sell.</span><span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> When doing that, you need to look at price and competition. For example, if there are 3 homes in your neighborhood that are the exact same model as yours, maybe now is not the best time to sell; wait a week or two and see what happens with those properties. Waiting until after they sell, or accept an offer, is a great time to list yours, because the house may have had lots of interest that can be funneled into your similar home. </span></div> <span style="color: black; font-family: &quot;arial&quot;; line-height: 1.38; vertical-align: baseline; white-space: pre-wrap;"><br /></span> <span style="color: black; font-family: &quot;arial&quot;; line-height: 1.38; vertical-align: baseline; white-space: pre-wrap;">The key to remember is to consider your neighborhood. It may not be the perfect time to sell right now, but it may be soon. We put a property on the market the week before Christmas. People were wondering why - but it was in a very desirable community with no other homes for sale, so no competition. It sold very quickly with multiple offers. In general, Christmas isn't the best time to sell a home, <b>but it was the perfect time to sell that particular home. </b></span><br /> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><span style="font-family: &quot;arial&quot;; vertical-align: baseline; white-space: pre-wrap;"><br /></span></span> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><span style="font-family: &quot;arial&quot;; vertical-align: baseline; white-space: pre-wrap;">If you're interested in selling your home and now is the best time, give us a call and we'd be happy to work with you. Likewise, if you have real estate topics that you'd like to see covered, let us know too.</span></span></div> </div>