Jolted Toward the end of 2011, and during the first few weeks of 2012, I have described the San Carlos market as one in transition. That transition being one of moving from a buyer's to a seller's market. While this may very well be true, it is not telling the enitre story of what is really happening in our market. Many of us thought the … [Read more...]
Going Live! On Friday, February 24th, at 9:00 am, the San Carlos Blog will present its first live audio broadcast. The live broadcast will last approximately 25-30 minutes and will take place on each subsequent Friday at 9:00 am. You will simply be able to click a button on our page and the audio will stream directly to your … [Read more...]
Arbitration in San Carlos Purchase Contracts As you near the end of our local PRDS Purchase Contract that is commonly used in San Carlos, you will stumble upon an elective clause dealing with binding arbitration. If both the seller and buyer elect arbitration by initialing next to the clause, binding arbitration will be the sole legal avenue … [Read more...]
Heating Up The San Carlos housing market is starting to heat up. For those who have been in the market for the past few years, the coming months may be a bit of a new experience. When listings are at a premium, buyers and their agents will need to have a polished strategy in place. If you find yourself house hunting in San Carlos this … [Read more...]
In Transition The San Carlos market is very much in transition. A historical perspective shows that while the majority of the last 60 years have been positive years for San Carlos real estate, for those periods of time when San Carlos had to work itself out of a recession, a transitional period takes place in the real estate market. These … [Read more...]
Inspections Are Important San Carlos buyers would be wise to conduct their own inspections on a home before agreeing to remove their property inspection contingency. Most sellers will give the buyers a property and termite inspection as part of their disclosure package. However, please remember that unless the buyer has paid a fee to those … [Read more...]
"It feels like we have been chasing a ghost." It certainly can feel like that. The ever-elusive four bedroom home in the flats, updated and on a nice lot for 1.3M-1.7M....sounds easy enough, right? Think again. As mentioned in previous posts, there is nothing more difficult to purchase right now. A while back I referred to this price … [Read more...]
What Is A Relocation Sale? Before getting into the nitty gritty of relocation, I want to mention that the following post is entirely my humble opinion. It is based on being involved in numerous relocation sales and seeing the effects of the sale on both buyers and sellers. With so many companies starting to hire again, "relocation" is a topic … [Read more...]
A Top 10 List For San Carlos Sellers In 2012 Yesterday, I posted the Top 10 List for Buyers in the 2012 San Carlos Real Estate Market. Today, it’s the sellers’ turn. Below is the Top 10 List which should help those thinking of selling their San Carlos home in 2012. (1) Your Representation. It all starts with your representation. … [Read more...]
A New Type of Market For Many As discussed over the previous month, the San Carlos housing market will start to steadily become more competitive over the next few months. For many first time buyers, a competitive market will be something they have not experienced. We have not had a competitive market in San Carlos since 2007. In a … [Read more...]
