Is it me, or in the last month there are a CRUSH of San Francisco Bay Area homes going on and flooding the market? I can't keep up with @aalto sheesh guys. Also, land lease or not, can we do a bake sale so I can live near Klay Thompson? https://t.co/lRw59tnEim
@realEstateTrent You can use services like @aalto - I sold mine at literally the peak price in the bay. Pretty easy to get an idea of pricing in a hot market. From the commission I saved I bought a new Tesla! 6% on a 1.4m home is a lot of dough.
8 words to avoid stressful surprises as a home buyer 🧘🏽 ✅:
"Get pre-approved, upfront, by a credible lender"
• Pre-approved: to sellers it can be nearly same as cash
• Upfront: to know your buying power
• Credible lender: This matters. Ask around for who's best in the area.
Why is real estate daunting by design? (And what can you do about it?)
Our own Chelsea E. Ialeggio breaks it down on the Real Estate Titans Podcast...
https://t.co/nAAkySUSsc
Buying trends we’re seeing in this new market:
• 🧠 More thoughtfulness around contingencies
• 🔝 Quality homes in desirable areas areas can still get multiple offers
• 👀 Serious buyers smell opportunity (less competition + intend to refinance when rates come down)
Any industry can get a little "crazy" at times. 🎲 📊
But other than residential real estate... can you think of one where MOST buyers have no idea what they actually need to pay to get the thing that they want?
We can't.
Everything on airplanes is either WAY too loud (PA system) or WAY too soft (drowned-out voices).
Traditional real estate is like that.
Either your home is BLASTED 🔊everywhere or it's nearly invisible as a pocket listing.
There should be levels to this.🎚👀
📈 Considering a sale in the next year? It’s time to start monitoring the market + buyers for your home.
Start today at https://t.co/kktzfasot8
🖱️ And for more tips and insights on Bay Area real estate, follow @aalto.
🌁 Bay Area Real Estate by the Numbers 🔢
Our monthly summary of the good, the bad, and the it-depends.
Read on for county-level summaries from around the Bay.
🧵👇
📍 Santa Clara County Oct. 2022
• Homes Sold: 858
⬇ 42% YoY
• Median Sales Price: $1.61m
⬇ 2% YoY
• Homes for Sale: 2,410
⬇ 13% YoY
• Avg. Sold Days on Market: 27
⬆️ 9 days YoY
• Percent Sold: 36%
⬇ 18% YoY
(cont.)
🤔 When should I buy a home?
It’s the #1 question in our customer interviews. So we decided to answer it with a custom model.
Our CEO @narodny explains:
https://t.co/5FfzWK0ICC
Here's the model:
https://t.co/u226xsw42l
Pls ♡ if you think we should build it out even further.