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Sunday, July 21, 2013

Best Condo improvements to increase the value of your Milpitas home!



For starters the value of your Milpitas condo or town home is largely determined by such things as location, size, condition and amenities, but there are still a few steps you can take to maximize its worth or value. 

Whether you're thinking about home improvements for the reason of putting your home for sale in the current market or just to increase it's current value then do yourself a favor and do it right. Don't Cut Corners. Go with the good stuff. If you're hiring a contractor make sure to ask what his preferred brand is and why. Also make sure to ask what the average life expectancy is of the material and how hard it would be to maintain. 
Now what are the actual things you can do to help add value to your Milpitas condo or town-home? Well here are a few choices. 


The light improvements

  • Re-grout the tile: If the tiles are in good shape then a new grouting will make it look newer and give it a cleaner look specially in the kitchen.
  • Change your fixtures: This includes kitchen and bathrooms, Get a faucet that adds a decorative element to the both.
  • Paint the interior: A new paint job will do wonders, but you have to make sure to pick the right colors, keep it simple and tasteful specially if you're planning to sell your home.
  • Fix anything that needs Minor Repairs: Whether it's a leaky faucet, new kitchen fan, window screens, etc. they need to be fixed to give the home a sense of functionality  Buyers want to make sure everything is in working order no matter how small in detail.

Moderate to heavier improvements

  • Dress up your porch and entrance: A freshly painted door with a new door handle can make a great first impression.
  • Add new light fixtures: Replace any that are damaged or out-of-style.
  • Install new doors: Doors set off a room and make a great difference.
  • Install new kitchen cabinets: Even just a paint job and some new handles will give your cabinets a fresh look.
  • Expose the floors: Remove old carpet and show off the original floor. If you don't have hardwood floors, consider new carpeting or the currently popular laminate flooring which come in many styles. 
Remember that if you are thinking about doing these improvements to eventually sell your home then it needs to appeal to the general public. Even though we are all unique and have our own styles, most buyers are looking for a semi clean canvass to express their own individuality, so keep it simple and appealing. If you are just doing it to increase the value of your home then just remember don't cut corners and that it might be better to go with a style that will stand the test of time while keeping it's functionality. 
You can find more tips on my website at http://www.bayarearealtysource.com/miarticles/zip/95035/
or at http://www.mymilpitashome.com

I invite you to contact me should you have any questions or would like to know more about the current value of your home by simply calling or texting me at 510-999-8149 or emailing me at alex@bayarearealtysource.com.

If you need to know the value of your home now then follow this link
My current home value!

As always, "I am never too busy for YOU or Your referrals"
Alex Tafoya Realtor
"Your Bay Area Home Expert"
(510) 999-8149 Cell
alex@bayarearealtysource.com 
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Friday, July 19, 2013

Appraising your home in Santa Teresa Community and knowing the current home value


There are many factors to consider when thinking about selling your home in Santa Teresa neighborhoods and knowing the current home value of your Santa Teresa Home. Wether you're in the Martinvale Community, Rancho Santa Teresa, or Burning Tree Community chances are you know which homes recently sold. What a home sold for is usually based on what the buyers are willing to pay in the current market. In a hot market the buyers are willing to pay more than the appraised value or fair market value. In a buyers market the buyers are willing to pay for what it actually appraises for and while at the same time requesting concessions from the seller such as credit back for closing costs, home warranties or repairs. Currently most homes in the Santa Teresa Community when put on the market for sale the average days it stays on the market is approximately 16 days. Records show that if the home is priced within fair market value it ends up selling for approximately 7% above list price. This percentage number changes daily. This is tricky because you have to know which way the market is heading up/down or how fast or slow the market current is flowing in either direction. Records show that the average home sale in Santa Teresa Community is approximately $656,000. From my point of view it is always important to get up to the minute information to make the best educated decision as to what the current home value of the home might be. Also the following are factors that affect your home value when it's being appraised to find fair market value.
  • Location 
  • Condition of the property
  • Is the property current with today's way of living or lifestyle
  • Recent upgrades (includes appiances)
  • No recent upgrades
  • Functionality
  • Will the home appeal to all buyers or a specific buyer

Here are the numbers for June-July 2013


CLICK HERE TO KNOW THE VALUE OF YOUR HOME TODAY


TIPS TO GET THE MOST Out of your home appraisal?
There are a few things you can do, one is to make your home functional i.e. let the car garage be a car garage not a storage space packed to the ceiling, if you made additions to the property make sure to have permits on hand or readily available, update your home to be current with the times.

If you would like to receive a detailed report regarding the current value of your home and comparable in your Santa Teresa neighborhood simply go to http://www.bayarearealtysource.com/sell

If you want to get more information and see how many homes are for sale in your neighborhood then simply go to http://www.mysantateresahome.com

I am also to available to answer any questions you might have regarding any real estate concerns or if you have questions regarding the Santa Teresa Community you can call me anytime.

Alex Tafoya
"Your local home expert"
408-813-8232 office
510-999-8149 cell
alex@bayarearealtysource.com
www.bayarearealtysource.com

Monday, July 1, 2013

Hot Days in Milpitas CA and a Hot housing Market



As many of you know we have experienced some intense heat in Milpitas, CA. Which is equal to the intense housing market and home prices that have risen in the past months. The home prices in Milpitas have risen over 45% from last month which now makes it a total of 20% increase in median home prices compared to last year (view stats at http://www.mymilpitashome.com). Which now means a higher home value in Milpitas, CA
Homes are selling fast in Milpitas, CA. and they tend to do so in a hot market, but for how long? That's the million dollar question! If you are thinking about selling your home in Milpitas then this type of market will bare you the most cash in your pocket possible as long as you have the right Home Sales Professional.
The right time to sell is not determined by the market, it is generally determined by you the home owner. There is always a reason why homeowners sell their home, such reasons include, moving up to a bigger home because you have outgrown your current home, or you are downsizing because your home is now to big, there is also a possibility that there is a unforseen default on your mortgage due to uncontralable circumstanses, divorce is another reason to sell either because the judge has ordered it or you have come to the realization that it is best to sell the home to avoid any future issues. Trust sales and probate sales also might be executed at anytime.
For those thinking about selling their current Milpitas home and buying a larger home perhaps this will be the best time to do so, why? Because in my opinion all the stars have aligned to give you the best of both worlds, meaning that you can sell your home for a better price than you normally would and you are able to purchase a larger home that is now (because of interest rates) very affordable. Homes in Milpitas, CA are selling at an average of 6% above list price and sometimes even more depending on the area.
Visit my website and get a complete list of resources that includes a free home sellers guide that can help you determine what your home might be worth today.
http://www.bayarearealtysource.com/community/area/%2A_MY+HOME+VALUE/
http://www.bayarearealtysource.com/sell/

Alex Tafoya Realtor
510-999-8149

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