I was communicating with a client who has been "gauging" the market by sitting on the sideline and just watching for nearly a year. He just wrote to me asking about the impact of the sub-prime market on the local market. In responding to him, I asked him a question about his plan, since we had...

03/30/2007

2nd Installment of your property taxes due on April 10!

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Reminder for everyone.Please remember that the 2nd installment of your property taxes is due by April 10. If you pay after the aforementioned date, you will incur penalties, so please make sure you take care of this matter, if you have no done so already. Who wants to pay penalties? For tho...

03/30/2007

1031 Deferred Exchange

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Everyone wants to make money. How do investors make money in Real Estate? By using the power of leverage! Best ways to make money are 1) deferring payment of taxes on your capital gain and 2) taking said tax-deferred money and re-investing it into a larger or more properties, so you can furt...

03/23/2007

To catch a con man

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Earlier today, I wrote about receiving a scam email from Africa promising me $1.9M if I am kind enough to help a minor come into a fortune left by his parents. All I had to do was provide me with my bank account. JI get home tonight and turn on the T.V. to see an investigative report on Datel...

03/20/2007

Scam Spam

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You heard about them on T.V. and you read about them in the newspapers or on the internet, and you wonder (at least I did): do they really think that people will fall for those idiotic scams? Well, I was the recipient of such a scam spam recently. Lucky me..... J In case you are not fortunate...

03/20/2007

Campbell Market Conditions 02 07

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Single Family MarketNo dramatic change since last month. Inventory has increased slightly but the accompanying pended/sold activity also increased in similar increments, following the predicted path from January to February. Historically, March is when sales activity goes into higher gear in Si...

03/17/2007

Santa Clara County Market Conditions 02/07

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I am a data driven guy. I don't much care for stories or opinions unless they are supported by supporting good data and graphs and charts. That is why I am excited that now I can finally use Pending Sales data. Pending status measures the duration "under contract" or the pre-sold phase of the...

03/17/2007

Heard on the street.....

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In light of yesterday's proclamation by San Jose Mercury that Santa Clara County's sales were down but prices were up, I bring forth another story involving typical house here in Silicon Valley to demonstrate how the market is doing right now. This house is located in the city of Santa Clara; w...

03/16/2007

Here we go again....

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The newspapers are at it again, proclaiming that the real estate market gloom and doom headlines like: "February Bay Area Home sales at 11 year low, prices flat." Trumpeting this bit of news it as if it were the gospel truth. But look closer at the sub-headline in small print: But Santa Clara...

03/15/2007

Heard on the street

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The results are out. I wrote about a couple of hot properties a few weeks ago on Heard on the Street. They both have closed, so I can reveal the sold prices now. The property on 5095 Elmwood was listed at $749,000, it sold in 11 days for $815,000 with 18 offers. The property on 5119 Yorkton...

03/15/2007