Friday, August 19, 2016

How to get your offer accepted in a competitive Real Estate market!

     There are few things buyers can do to make sure that their offer gets a fighting chance and gets accepted by keeping following simple things in mind.

Choose your Realtor wisely: Work with an agent you trust and who has the skill to negotiate effectively and can address all your questions and concerns.

     Get yourself " Approved" not just pre- approved from a credible lender:  Make sure to get approved for the maximum price you can afford. This will give you a maximum range that you can up to if the right house comes along and also allows you to make a stronger offer by going non- contingent on loan contingency with higher confidence.

     Have deposit money and down payment funds readily available: Stocks, money from your investments, gift from families etc should in liquid form and readily available to show your financial credibility.

     Review and sign all reports and disclosures and submit with your offer: by doing this it gives confidence to sellers and shows your commitment to the house.

     Find out what the seller is looking for in addition to price. Is it rent back, is it faster close? To the extent, try to honor these desires in your offer.

     Write a personal letter to the seller: It is a sellers market and they get many offers. So, try to stand out from the other offers. Telling about your family, work and why you like to make their house yours will help them give an insight into your commitment of taking this offer all the way. Pictures of the family helps in making a emotional connect.

     Develop a " winning team" of both a Realtor and Lender. Realtor will get you in contract and lender will make sure you get the keys to your house!

     Be motivated and committed: Keep writing the offers on the homes you like even though you have had few disappointments along the way. 

Tuesday, March 22, 2016

5 Tips for First-Time Home Buyers

Here are some crucial tips for first time home buyers to look into. It is important to go with a Realtor who is the area expert and can guide the first time buyer with the twists and turns of the transaction process!

5 Tips for First-Time Home Buyers

Wednesday, March 2, 2016

Top 100 private schools in California!

Are you on the look out for the best private schools in Bay Area? Here's the link to the top 100 private schools in all of California for the year 2016. Checkout which of your favorite Bay Area private schools made the cut!


For more information on schools and homes, contact me at manu@manurealestate.com

Thursday, February 11, 2016

Inventory shortages push homeownership further out of reach!

A lack of housing inventory continues to stifle the housing market, making it difficult for potential homeowners to get on the property ladder, according to the latest quarterly report from the National Association of REALTORS® (NAR).
Making sense of the story
·       The median existing single-family home price increased in 81 percent of measured markets.

·       The NAR report cited that 145 out of 1791 metropolitan statistical areas (MSAs) had gains based on closings in the fourth quarter compared with the fourth quarter of 2014.

·       There were slightly fewer rising markets in the fourth quarter compared to the third quarter, when price gains were recorded in 87 percent of metro areas.

·       “Without a significant ramp-up in new home construction and more homeowners listing their homes for sale, buyers are likely to see little relief in the form of slowing price growth in the months ahead,” said Lawrence Yun, NAR chief economist.  

·       The unshakeable trend of inadequate supply in relation to the overall pool of prospective buyers inflicted upward pressure on home prices.

·       As a result, homeownership continues to be out of reach for a number of qualified buyers in the top job producing, but costliest, parts of the country – especially on the West Coast and parts of the South.

·       The report also stated that the national median existing single-family home price in the fourth quarter was $222,700, up 6.9 percent from the fourth quarter of 2014.

Read the full story
http://www.housingwire.com/articles/36250-nar-inventory-shortages-push-homeownership-further-out-of-reach


Supporting Cupertino Bay Club Squash Tournament 2016

I was proud to be associated with Cupertino Bay Club in sponsoring their first tournament for the year 2016 and supporting the kids! All the kids played really well and it was a well organized event!
Its all about giving back to the community!!