Saturday, November 16, 2013

HOW TO RAISE (and Preserve) YOUR PROPERTY VALUE WITHOUT SPENDING A DIME

By Michael G Barnaba
Google+
Your home’s value is composed of multiple layers. Consider that your home’s intrinsic value is like the yolk of an egg. The shell of that egg then will be the physical structure, its fence, security system, and your right to hold title. Then, your neighborhood is the “carton” that cradles your egg. The carton displays the brand, tells buyers the grade of your egg and, most importantly, protects your egg until purchased.
Logically, a damaged or unsightly carton will hurt the chances of your egg being selected from among the others on the shelf when a buyer comes along. Do you see how having the most attractive, strongest and best labeled neighborhood can contribute prominently to preserving and increasing your home value? How then do we make sure we have the best neighborhood in which to display, show value and protect our homes?
A great way to do this and subsequently raise your home’s value without spending a dime is to practice the five ‘V’s of VALUE.
Visit your neighbors. Visiting is a pleasant activity with no costs, very little travel and low impact on your schedule, so can be done easily and frequently. Statistics show that neighborhoods with a healthy social connectivity are more stable, have less crime and better overall satisfaction of life.
Visibility in your neighborhood is very important. Be visible at home, around the yard, on the sidewalks and at public area facilities such as parks, gathering places and businesses. This practice places you in the neighborhood’s “image” and promotes your presence as an indication of a community’s profile.
Vocalize your interests, concerns and satisfaction to gain support and momentum for your neighborhood’s prosperity. When goals, problems and achievements are clearly stated, then resources can be allocated properly to change, continue or halt activities and practices in your area. Your input helps to shape the direction of your community’s development.
Vote for and against laws, rulings and officials that affect your neighborhood’s safety, health and growth. Griping does not do it. Participation in the democratic system is a tool for applying governmental resources to matters that influence your neighborhood’s proliferation. Stay current on issues and political activities related to them. Continually query your public officials as to what is being done for you! They work for you. Make sure they are doing what you expect of them, just as any employer would of any employee.
Volunteer in your neighborhood and community on projects and endeavors that leverage your talents and skills. Be mindful that surrounding areas act as a buffer for your community. Spread the love beyond the boundaries of your home to push back negative factors. It’s like a fence line; you have to trim the grass on both sides for the fence to be most effective. The responsibility goes to the aware. If you know it needs to be done make an effort to see that it is…by the responsible party or by YOU. Consider the benefit of the action and act accordingly.
Get out into your community Visit, be Visible, Voice your concerns, share your interests and praise good work that is being done, Vote in or out according to your goals and Volunteer to help keep the good and change the rest. Active involvement will ensure your neighborhood is strong and being a part of that will be a net gain that can never depreciate.

Happy living!

Wednesday, November 13, 2013

Bay Area Home Sales Ease Back; Median Sale Price Edges Higher

November 13, 2013

Sales VolumeMedian Price
All homesOct-12Oct-13 % Chng  Oct-12Oct-13 % Chng  
Alameda              1,717     1,539   -10.4%    $384,000    $525,000     36.7%
Contra Costa         1,454     1,397    -3.9%    $302,500    $395,000     30.6%
Marin                  335       306    -8.7%    $660,000    $805,500     22.0%
Napa                   152       135   -11.2%    $365,000    $439,500     20.4%
Santa Clara          1,718     1,808     5.2%    $535,000    $650,000     21.5%
San Francisco          562       583     3.7%    $794,500    $845,000      6.4%
San Mateo              735       695    -5.4%    $626,500    $690,000     10.1%
Solano                 598       583    -2.5%    $216,000    $266,000     23.1%
Sonoma                 631       549   -13.0%    $350,000    $425,000     21.4%
Bay Area             7,902     7,595    -3.9%    $416,000    $539,750     29.7%


La Jolla, CA.--The Bay Area housing market continued its fits-and-starts march toward normalcy last month with ho-hum sales counts and continued price appreciation. Various below-the-surface technical indicators show a market still transitioning from a severely atypical state a few years ago to something more in line with long-term norms, a real estate information service reported.
A total of 7,595 new and resale houses and condos sold in the nine-county Bay Area in October. That was up 6.4 percent from 7,141 the month before, and down 3.9 percent from 7,902 for October a year ago, according to San Diego-based DataQuick.
Last month’s number was 11.2 percent below the October average of 8,553 since 1988, when DataQuick’s statistics begin. Bay Area sales haven’t been above average for any particular month in more than seven years. The most active October was in 2003 when 13,392 homes sold; the least active was in 2007 with 5,486 sales.
The median price paid for a home in the Bay Area last month was $539,750. That was up 1.8 percent from $530,000 in September, and up 29.7 percent from $416,000 in October 2012.
It appears that roughly three-fourths of last month’s 29.7 percent year-over-year rise is the result of an increase in home values. The rest reflects a change in market mix – more mid- to high-end sales and fewer low-cost inland distressed sales.
The peak Bay Area median so far this year was $562,000 in July – the highest for any month since the median was $587,500 in December 2007. The Bay Area’s all-time peak median was $665,000 in June and July 2007, after which it dropped to a low of $290,000 in March 2009.

Wednesday, October 30, 2013

Greater San Francisco Bay Area FHA Limits for Santa Clara, San Francisco, San Mateo, Alameda and Contra Costa Counties

Interested in selling your home to the broadest possible range of buyers? Are you in the market for a home and wish to  get a FHA backed loan to finance the purchase?

Then check to see if it meets the FHA limits on this widget. Click on the arrows to scroll through to the target county and see the figures appear. If you see what you need and would like to schedule a Free consultation to get specific about you sale or purchase CLICK HERE