Last week, we cooked and served a full breakfast at our office of Coldwell Banker, followed by an auction. All proceeds (more than $8000) went to support Habitat for Humanity. We also heard the news that our Cupertino office has placed #1 again in the local CB area. It was fun working together for a good cause, and piles of waffles (and dirty dishes) were a change from piles of paperwork.
With the Labor Day weekend here, summer is finally drawing to a close and consumers and agents are returning home from the last of their summer vacations.
The real estate market continues to have its ups and downs, along with the economy, but the Bay Area market is faring better than most regions in the country. Also, our market is considerably stronger today than it was during the depths of the recession. We’ve come a long way over the past two or three years. The National Association of Realtors reported that the number of buyers who signed contracts to purchase homes rose 5.2 percent in July after hitting a record low in June. Sales nationally had fallen sharply in the months following the expiration of the government's home buyer tax credit in April, and economists were expecting that trend to continue for a third straight month.
Buyers are hiring agents, attending open houses and making offers. Homes are still selling. But it’s more important than ever for sellers to price their property appropriately for today’s market and make sure their home is in the best possible condition. If they do, buyers will come – sometimes with multiple offers.
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