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Blog Archives: January 2014 — December 2014

April 30, 2014

Quarterly Market Report - Q1 2014

Mary Elliott
April 16, 2014

Happy Easter

Mary Elliott
February 14, 2014

Quaterly Market Report - Q4 2013

Mary Elliott
January 31, 2014

Happy Year of the Horse

Mary Elliott
January 24, 2014

Mavericks Surf Contest

Mary Elliott
Two dozen of the world’s best surfers are competing today at Mavericks on the Half Moon Bay Coast.  Watch the thrilling competition live here: http://universalsports.com/2014/01/22/2014-mavericks-invitational/
January 21, 2014

How to Buy a Home in a Seller's Market

Mary Elliott
What is a seller’s market?  A seller’s market is one in which there are more buyers wishing to purchase than homes available for sale.  An indicator of a seller’s market is when less than three months of inventory is available for sale.  Three to six months of inventory is considered a neutral market, and more than six months of inventory is a buyer’s market. During a shortage of inventory, homes that are well priced or in a highly desirable neighborhood often receive more than one purchase offer.  In San Mateo County there was less than ...
January 14, 2014

Saving for your Down Payment

Mary Elliott
The first step towards purchasing your own home is to save for your down payment.  With our local market values, this can be a daunting task.  Here are a few suggestions to help you get started. Estimate how much you need to save As you begin to think about purchasing a home, you will familiarize yourself with the local communities and available housing.  After researching the market you will determine a price range goal based on your wants, needs, and income.  Ideally you will set a savings goal of 20% of the purchase price.  While there ...
January 08, 2014

Multiple Offers at Record Highs

Mary Elliott
According to the California Association of Realtors (CAR), 72% of all home sales in California in 2013 involved multiple offers. This staggering rate was the highest in the past 15 years. In San Mateo County, the number of properties offered for sale was down 25.2% for the year. The lack of inventory was a significant factor in generating multiple offers. Other factors influencing the competition for properties offered for sale include: 82% of Investors who purchased property in 2013 indicated they would retain the purchase as ...

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