Sylvia C Team

MAKE SURE TO WATCH UNTIL THE SURPRISE ENDING! 898 BOWEN AVE, SAN JOSE, CA, 95123 $1,279,950 Create a lifetime of memories in this beautiful family home in the Lake Almaden neighborhood of San Jose. Tucked... away from the world with beautiful views of the foothillsyet close to major highways, rail station, stores, parks, and golf courses, this home is simply an entertainer's delight. This home features open-concept living, cathedral ceilings, natural light, and many windows. Enjoy a mystical tropical pool setting with a lanai with your family and friends. The kitchen is a cook's delight. Find it equipped with granite countertops, stainless steel appliances, and beautiful backsplash. This green home has owned solar panels for the household. This home has it all from peaceful areas to relax, to areas for socially-distanced learning, to plenty of recreational areas for the entire family. Make this dream home yours today. 2 CAR GARAGE PROPERTY FEATURES Home: 2,321 SQFT Lot: 7,733 SQFT Built in 1981 A Place to call Home: Open concept living with freshened new interior paint in areas, maple colored plank Pergo laminate flooring, 6 panel doors, 2 fireplaces with inserts, Simonton double pane windows throughout, ample storage under the house, alarm system, and landscape auto watering system. Open Concept Kitchen: Granite countertops, glass/stone backsplash, stainless steel appliances, glass hood vent and under-cabinet lighting. Tropical Backyard: 10,000 gallon pool with a Pebble Tech finish, beautiful waterfall, raised seating and a lanai with Trex deck, railing, 2 Velux skylights, and colored lighting. Great Green Home: Owned Electrical Solar Panels for the home(Peterson Dean 16 panels 4.480kw (DC) PG&E bill is roughly about $30/month in the summer), high-efficiency HVAC, Rinnai tankless water heater, three Sun Tunnels, Kingspan Skylight Acrylic Double Dome with heat blocker that reduces heat gain by 30%. Great Location: Close to Quicksilver Park, many grocery stores, golf courses, major freeways (87 & 85), and 1/4 mile to Almaden Lake.

Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay current on their payments, many have not. The question now is: how many of them will be able to catch up after their forbearance program ends? There’s speculation that a forthcoming wave of foreclosures could be the result, and that could lead to another crash in home values like we saw a decade ago. However, today’s situation is different tha...n the 2006-2008 housing crisis as many homeowners have tremendous amounts of equity in their homes. What are the experts saying? According to Michael Sklarz, President at Collateral Analytics, We may very well see a meaningful increase in the number of homes listed for sale as these borrowers choose to sell at what is arguably an intermediate top in the market and downsize to more affordable homes rather than face foreclosure. According to Odeta Kushi, Deputy Chief Economist at First American, With enough equity, a homeowner has the option of selling their home, or tapping into their equity through a refinance, to help weather the economic shock. And according to Don Layton, Senior Industry Fellow at the Joint Center for Housing Studies of Harvard University, So, what should lenders and servicers expect: a large number of foreclosures or only a modest increase? I believe the latter. Won’t the additional homes on the market impact prices? Distressed properties (foreclosures and short sales) sell at a significant discount. If homeowners sell instead of going into foreclosure, the impact on the housing market will be much less severe. We must also realize there is currently an unprecedented lack of inventory on the market. Just last week, realtor.com explained, Nationally, the number of homes for sale was down 39.6%, amounting to 449,000 fewer homes for sale than last December. It’s important to remember that there weren’t enough homes for sale even then, and inventory has only continued to decline. #realestate #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateb

According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates. Where will home values go in 2021? Home price appreciation in 2021 will continue to be determined by this imbalance of supply and demand. If supply remains low and demand is high, pric...es will continue to increase. Housing Supply According to the National Association of Realtors (NAR), the current number of single-family homes for sale is 1,080,000. At the same time last year, that number stood at 1,450,000. We are entering 2021 with approximately 270,000 fewer homes for sale than there were one year ago. However, there is some speculation that the inventory crush will ease somewhat as we move through the new year for two reasons: >>As the health crisis eases, more homeowners will be comfortable putting their houses on the market. >>Some households impacted financially by the pandemic will be forced to sell. Housing Demand Low mortgage rates have driven buyer demand over the last twelve months. According to Freddie Mac, rates stood at 3.72% at the beginning of 2020. Today, we’re starting 2021 with rates one full percentage point lower than that. Low rates create a great opportunity for homebuyers, which is one reason why demand is expected to remain high throughout the new year. Taking into consideration these projections on housing supply and demand, real estate analysts forecast homes will continue to appreciate in 2021, but that appreciation may be at a steadier pace than last year. There’s still a very limited number of homes for sale for the great number of purchasers looking to buy them. As a result, the concept of supply and demand mandates that home values in the country will continue to appreciate. #realestate #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #realestateagents #instarealestate

If one of the questions you’re asking yourself is, Should I sell my house this year? consumer sentiment about selling today should boost your confidence in the right direction. According to the latest Home Purchase Sentiment Index from Fannie Mae, 57% of consumer respondents to their survey indicate now is a good time to buy a home, while 59% feel it’s a good time to sell one. Many still believe that, despite everything going on in the world, it is still a good time to sell... a house. Why is now a good time to sell? There simply are not enough homes available to meet today’s buyer demand, and they’re selling just as quickly as they’re coming to the market. According to the National Association of Realtors (NAR), unsold inventory available today sits at a 2.3-month supply at the current sales pace, which is down from a 2.5-month supply from the previous month. This record-low inventory is not even half of what we need for a normal or neutral housing market, which should have a 6.0-month supply of unsold inventory to balance out. With so few homes available for buyers to choose from, we’re in a true sellers’ market. Homeowners ready to make a move right now have the opportunity to negotiate the best possible contracts with buyers who are feeling the pull of intense competition when it comes to finding their dream home. Lawrence Yun, Chief Economist for NAR, notes how quickly homes are selling right now, further confirming the benefits to sellers this season. "The market is incredibly swift this winter with the listed homes going under contract on average at less than a month due to a backlog of buyers wanting to take advantage of record-low mortgage rates." If you’re ready to make a move, you can feel good about the current sentiment in the market and the advantageous conditions for today’s sellers. DM me today to determine the best next step when it comes to selling your house this year. #Sellyourhouse #moveuphome #dreamhome #realestate #homeownership #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #instarealestate #inst

Homeownership has always been the first rung on the ladder leading to household wealth. As Freddie Mac recently posted, Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. This ‘wealth’ is built, in large part, through the creation of equityBuilding equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you ...create financial stability. Home equity is the difference between the current market value of your house and the amount you currently owe on your mortgage. To estimate your equity, subtract your mortgage balance from the market value of your home. You can find what you owe on your mortgage by looking at your last monthly statement or by contacting your lender. If you need help determining the current market value of your home, contact a local real estate professional. Is homeownership truly a better path to wealth than renting? Some argue that renting eliminates the cost of property taxes and home repairs. Every potential renter must realize that all the expenses the landlord incurs (property taxes, repairs, insurance, etc.) are already baked into the rent payment along with a profit margin. You don’t save money by renting. When can you cash in on your housing wealth? Your home equity is part of your total wealth as a homeowner. The two most common ways homeowners can leverage their wealth are selling and refinancing. How can these options help homeowners? During these difficult times, many households are struggling with their housing expenses. Homeowners, because of their equity, have better alternatives. What might the future bring? Most experts are calling for home prices to continue appreciating going forward. #realestate #homeownership #equity #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #realestateagents #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #keepingcurrentmatters

The housing market recovery coming into the new year has been nothing short of remarkable. Many experts agree the turnaround from the nation’s economic pause is playing out extremely well for real estate, and the current market conditions are truly making this winter an ideal time to make a move. Here’s a dive into some of the biggest wins for homebuyers this season. 1. Mortgage Rates Are Historically Low In 2020, mortgage rates hit all-time lows 16 times. Continued low rates... have set buyers up for significant long-term gains. In fact, realtor.com notes, Given this means homes could cost potentially tens of thousands less over the lifetime of the loan. This is a huge opportunity to capitalize on right now before mortgage rates start to rise. 2. Equity Is Growing According to John Burns Consulting, 58.7% of homes in the U.S. have at least 60% equity, and 42.1% of all homes in this country are mortgage-free, meaning they’re owned free and clear. In addition, CoreLogic notes the average equity homeowners gained since last year is $17,000. That’s a tremendous amount of forced savings for homeowners, and an opportunity to use this increasing equity to make a move into a home that fits your changing needs this season. 3. Home Prices Are Appreciating According to leading experts, home prices are forecasted to continue appreciating. Today, many experts are projecting more moderate home price growth than last year, but still moving in an upward direction through 2021. 4. There Are Not Enough Homes for Sale With today’s low inventory of homes on the market, which is contributing to this home price appreciation, sellers are in the driver’s seat. The competition is high among buyers, so homes are selling quickly. If you’re considering making a move, this may be your moment, especially with today’s low mortgage rates and limited inventory. DM me today to get set up for homebuying success in the new year. #realestate #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #realestateagents #instarealestate #ins

It’s exciting to put a house on the market and to think about making new memories in new spaces. However, despite the anticipation of what’s to come, we can still have deep sentimental attachments to the home we’re leaving behind. Growing emotions can help or hinder a sale depending on how we manage them. When it comes to the bottom line, homeowners need to know what it takes to avoid costly mistakes when it’s time to move. Being mindful and prepared for the process can help ...you stay on the right track when selling your house this year. >>Price Your Home Right When inventory is low, like it is in the current market, it’s common to think buyers will pay whatever we ask when setting a listing price. Believe it or not, that’s not always true. A real estate professional will help you set the true value of your home. >>Keep Your Emotions in Check Today, homeowners are living in their houses for a longer period of time. Since 1985, the average tenure, or time a homeowner has owned their home, has increased from 5 to 10 years. When you stay in one place for so long, you may get even more emotionally attached to your space. For some homeowners, that makes it even harder to negotiate and separate the emotional value of the house from fair market price. That’s why you need a real estate professional to help you with the negotiations along the way. >>Stage Your Home Properly Buyers want to envision themselves in the space so it truly feels like it could be their own. They need to see themselves inside with their furniture and keepsakes not your pictures and decorations. A real estate professional can help you with tips to get your home ready to stage and sell. Today’s sellers’ market might be your best chance to make a move. If you’re considering selling your house, DM me to help you navigate through the process while prioritizing these must-do’s. #expertanswers #stayinformed #staycurrent #powerfuldecisions #confidentdecisions #realestate #homevalues #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexpert