Blog Archives: February 2022

There are two words we often hear from buyers who are concerned about the trajectory of prices and the amount of homes for sale: not again. The trends of high demand, low supply, rising prices and stiff competition have been so ongoing that they feel more like the norm rather than the exception to the rule. While Silicon Valley is no doubt a unique market, we do hope to provide some perspective that the market themes here are not unique. Nationwide data reveals the same forces are impacting the housing market virtually everywhere. It’s not ...

Homes of Silicon Valley is excited about today… as we are accepting offers on our first listed property of 2022! Offer Day is an exciting day for our sellers, but it can also be a stressful one. What if I don’t get as many offers as I hoped? The highest offer is always best… or is it? If price is equal, what other factors are most important? What if none of these offers meet my bottom line AND my timeline? In this Silicon Valley seller’s market, getting offers is [generally!] easy, but evaluating them and choosing the one best for each ...

In the last several years, much of the nation has witnessed what industry experts continue to refer to as a booming housing market, with home prices soaring and demand growing among buyers. Silicon Valley is often on the map as one of the priciest markets, but along with that comes an added benefit: EQUITY. In a new report released just a few days ago by ATTOM Data, it was revealed that 42% of mortgages nationwide are now equity-rich (as of Q4 2021). Furthermore, equity-rich homes outnumber underwater properties by a ratio of 13:1, and on a ...

Staging is no longer an option when it comes to capturing max ROI in the sale of your home. DIY programs and HGTV series have set buyer expectations high when it comes to what a potential home should look and feel like inside. Today Homes of Silicon Valley is pleased to share some stats on staging 101, as well as a pro tip that is beyond basic and big in impact! According to the NAR® 2021 Profile of Home Staging, 82% of buyers’ agents reported that staging made it easier for buyers to visualize themselves in the home. Nearly ¼ said that ...