Realty World – Innovative Realty Service

After you watch the VIDEO Tour of this nice home  you will feel like you have been there.
This remodeled 3 bedroom, 2 bath home lies directly in heart of Silicon Valley.  The kitchen has been completely redone.  Each room as a double pane, vinyl slider for lots of natural light and energy efficiency.  There is new central A/C and, a new forced air furnace.  The full size back yard is private and secure.
In addition to most of the major employers known to Silicon Valley many of their supporting companies are within a very easy commute as well.
This home is also conveniently located near many cultural venues.  “Murphy Street” is just 3 blocks away.  Schools, parks and every kind of shopping you could want are just a short walk or drive away.
So.  Enjoy the VIDEO Tour.   Any comments?  Just add them here.

If you have been waiting to buy a home, NOW is the time.
If you have been waiting to refinance your current home today is the day.
Neither these rates nor the sale prices will remain down here much longer.  Some day soon the bills for “CHANGE” will come due and we’ll see the rates begin to rise.
Look at this AP article for more details.
Gilroy home values have already bounced off the bottom.  Likewise, Morgan Hill and Hollister homes have seen a balance in demand and supply.
Time for your co-workers, friends and family to make their move.
What do you think?

Wow! You’ve got to see this VIDEO Tour!
The featured home is literally “Off the Grid” (zero PG&E costs) and sits on 22 beautiful acres in the East foothills of Morgan Hill, CA.  Even the well has it’s own generator.
Although you feel like you are in the mountains, on vacation when on this property, you’re only 15 minutes from Hwy101 and 40 minutes from down town San Jose.  You pass Lake Anderson on the way to and from this home and can see Coyote Lake from this tree-studded parcel.
Call me for your own, on-site, personal tour.  I look forward to your comments.

It is getting harder to find homes for those buyers we have been working with for months.  The entry level prices are rising and qualifying for prospective buyer’s  is shrinking.    
After looking at several Hollister homes I heard the frustrated buyer sigh:  ”I think we’re just going to wait to buy a home“.  I tried to reason with him regarding rising prices and the likely increase in home loan rates.  He was just too disappointed to hear anything right then.  So, this post is my therapy for today’s weary home buyers. 
Home loan rates WILL go up.  It’s only a matter of when will they start.  All of the attempts to stave off a sick economy cost money and will begin to push rates higher.  As they rise, ‘purchasing power’ drops:                      
Let’s say my buyer waits 6 months and the rates then are up .5%.  His $300,000 loan will cost $92 MORE each month than he could get today.  To qualify then he will have to earn $225 MORE per month for the same loan he could get now.  If his income hasn’t changed his purchasing power will drop by $17,150!
If the rates go up by 1.0% the payment will jump up by $192 per month for the same $300,000 loan he could have gotten today.  $192 PER MONTH!  Yikes!   His income will need to be $460 more per month to qualify for the same loan he could have gotten today.  With no change in income, his  purchasing power will drop by $32,800!
Postponing the purchase of your home doesn’t make cents.  Get a good night’s sleep and go back at it tomorrow.  Afterall, somebody is buying these homes.  Why not you?