The 25 US High Schools With The Highest Standardized Test Scores

The 25 US High Schools With The Highest Standardized Test Scores

Included on this list are several Bay Area High Schools including Monta Vista, Lynbrook, Leland and Gunn!

Housing Outlook for 2014: Steady Sales and Higher Prices

Want to get an idea where the real estate market is headed in 2014? Check out this recent article (Housing Outlook for 2014: Steady Sales and Higher Prices) which discusses the speculations of NAR®’s Chief Economist Lawrence Yun who forecasts existing home sales to hold fairly even in 2014 and the median sale price of homes to increase nearly 6% with inventory shortages being felt again this year.

Meanwhile, the Kiplinger Letter, in its annual economic forecast issue, calls for a 4% increase in existing home sales. The publication says new home sales are likely to jump about 16% next year after soaring 36% in 2013 and 20% in 2012.

That’s great news for sellers again this year and means that buyers may breathe a little easier in the search for a home with a slight increase in inventory.

If you have questions about the market and are considering a move in the new year, give me a call today to discuss your options!

 

Bay Area home sales, prices drop in September

Bay Area home sales, prices drop in September

Check out this recent Mercury News article with updates on today’s real estate market in the Bay Area. Higher inventory has led to a drop in sales prices making this a great time for buyers to jump back into the market. The real estate market seems to have shifted in the past few months – I had 25 offers on one of my listings back in March of this year and now buyers are often only competing with a few others for homes. If you were considering making a move in the real estate market, now is definitely the time! Give me a call today at (408) 410-2060 to discuss your options! 

How to Turn Your Home into a Party Pad for Football Season!

Football season has begun! Read on for tips into turning your home into the ultimate game day party pad!!! Whether you are a 49er’s fan or a Patriots fan, your guests will appreciate you being game-day ready! Check out this article to find out more!

Football Season Begins: How to Turn Your Home into a Party Pad.

What Your Lender Needs to Know (and what not to do during the home buying process)

buy-home1When you are buying a home the first thing you need to do is get pre-approved. This is different from pre-qualifying as it is a full loan approval instead of simply an opinion letter of your creditworthiness. Its is best that you take this step before looking at homes as finding out what you qualify for will help you look in the right price range and avoid disappointment. On the flip side, you might be able to look at more expensive homes than you originally thought possible.

Here are some things your lender will need (and need you to do or not to do) during the application and escrow process):

1) All funds used for the downpayment and closing costs need to be carefully scrutinized by your lender.

  • You must provide detailed and accurate information to show which accounts the funds are in and where the funds are coming from.
  • You must document the source of any funds that have been in your accounts for less than 2 months.
  • Any changes that occur to your financial condition will need to be explained to the lender.
  • Changes to your assets, employment, income or credit scores during the escrow process could jeopardize your ability to obtain a loan.
  • Provide complete documents – all pages!
  • Provide documents with names, addresses and account numbers.

2) Things not to do during the escrow process:

  • Do not transfer funds from one bank account to another.
  • Do not make unusual large deposits into your bank account or you will need to provide documentation for the source of any deposits.
  • Do not buy a car just prior to buying a house of during the escrow process.
  • Do not spend large sums of money buying furniture or appliances.
  • Do not change jobs.
  • Do not apply for new credit cards.
  • Do not close existing credit cards.

3) The lender is going to require a letter of explanation and/or support documentation for:

  • Recent inquiries on your credit report.
  • Derogatory items on your credit report.
  • Recent deposits into your bank account.
  • Recent transfers of money from one account to another.
  • Evidence earnest money deposit has cleared your account.

4) If you are receiving gift funds the lender will require:

  • A gift letter signed by you and the gift donor.
  • Evidence of the donors ability to gift the funds – a bank statement.
  • Evidence of the receipt of the gift funds – a copy of the check or wire.
  • Evidence of the funds being received into your account.

If you have questions or are looking for a wonderful lender, give me a call today at (408) 410-2060!