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The Rilliet Report September 2015

September 21 2015
September 21 2015


THE BUZZ

Hi ,

Summer is in full swing and our real estate market is feeling the heat. Nationally, properties are selling faster than ever. According to the National Association of Realtors, 47% of homes sold in less than a month in June and the trend continues.

In hot housing markets, some homes were falling under contract in 11 days or less. Silicon Valley's real estate market is leading in quick sales. Denver homes have gone into escrow within six days, Seattle's median is nine days, Portland is 10 days, and Boston is 11 days, according to Redfin. These are the shortest times on record.

The strength of the local economy, income growth, and low inventories of listed homes compared to buyer demand are all factors leading to faster selling times.

We are in a seller's market. If you have considered selling, now may be the time to act. That said, let's make sure we talk first about your next home. You don't want to be playing musical chairs and end up with nowhere to land.

 

JUST ASK

Q: How can I get the best bang for my buck in real estate?

A: For Selling: In the perfect scenario, move out. Then paint with neutral colors, repair, landscape, stage and sell. Buyers love "new" and they want to make the home their own. Leaving your pictures and scent just distracts buyers from imagining themselves in your house. If moving out is not an option, then depersonalize, clean, paint and miminize.

For Buying: Cast a wide net. Only wanting a certain neighborhood can drive the price up. Spread out and look at a few favorite areas. Find a house that may not appeal to less savvy buyers, such as an older home that needs some updating and new paint, then see it for the good bones. Or find a home that is off market and negotiate a deal.

I have learned some great tricks of the trade and can help you make the most of your investment. Let's talk if you are so inclined.

 

MY TOWN

August is hot. So is the real estate market. Recently Realtor.com studied the hottest markets based on Internet traffic and searches. Their findings are interesting:

  • Searches continue to set new highs, with the pace up 40% from last year at this time.
  • To see where homes are flying off the market, the analysts looked at median number of days that homes spent on the market.
  • They identified the 20 markets where sales are closing quickly.
  • California dominated the Hot List, with almost half of the top 20. San Francisco was #1 on the list.
  • Texas, Colorado, and Michigan also placed on the list.

More and more Americans are using the Internet for real estate. We need to maximize your exposure on the Internet when you buy or sell.

 

FYI

Since San Francisco ranked as the hottest Internet search destination, I thought it would be fun to highlight a few of it's architectural landmark destinations.

San Francisco's contemporary buildings are inspired by natural light, energy and wildlife. Eco-friendly, innovative architecture is the standard when it comes to current design.

Upon completion in 2017, the Salesforce Tower will be San Francisco's tallest building, soaring to an impressive 1,070 feet, with a 5.4 acre rooftop park!

SFMOMA is an architectural wonder, set to reopen in 2016. The 235,000 square foot museum is poised to achieve LEED Gold certification.

The de Young Museum in Golden Gate Park has small holes that cover the facade, intended to mimic light shining through a forest canopy.

Enjoy your own adventures through these San Francisco landmark buildings.

 

PERSONAL UPDATE

It's been busy...

Click Links for Property Websites

 


Just Listed by Sheldon and Lynn Armenio - Alain Pinel Realtor


900 Bush Street Unit 421 San Francisco

List Price $825,000

 

 

Listed by Sheldon / Pending in 9 Days with Multiple Offers

407 Barroilhet Ave - SM Park
List Price $1,795,000

 




 

 

 


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