Thanks for reading the San Mateo Real Estate Blog.
I love comments. So please leave one!
Vicki Moore, Realtor
Alain Pinel Realtors, specializing in San Mateo, CA Real Estate.
Need real estate help?
Contact me at 650.888.9268 or Vicki[@]CallVicki.com.
San Mateo is a Northern California city of approximately 92,000 people and is located between Burlingame to the north – Belmont to the south and is about 15 minutes south of San Francisco.
The weather in San Mateo is mild all year round making it a perfect place to enjoy all the parks and open space we have.
Foster City is a Northern California city of approximately 30,000 residents and is located adjacent to Highway 101 making it a hot location for those biotech and hitech commuters.
One of its unique features is that it’s one and hiof only a few areas located on the water.
Pacifica is a Northern California coastal town of approximately 40,000 and is located about 15 minutes south of San Francisco. The fog can come in at a moment’s notice so you’ll always want to have a sweater handy.
It is now illegal for loan modification servicers to charge fees in advance. The legislation took effect immediately. California law now prohibits any person, including real estate licensees and attorneys, from demanding or collecting an advance fee from a consumer for loan modification.
Fees collected prior to October 11, 2009 are not affected. Advance fees collected after October 11, 2009 must be fully refunded.
Half Moon Bay has just 12,500 residents. It’s a quaint small town with a true Main Street. And is home to the world famous Maverick’s surfing competition and the yearly Pumpkin Festival.
Redwood City has made major upgrades to its downtown that includes a new movie theater and restaurants. The Courthouse Square hosts a variety of events including free evening movies, live bands and dancing. Check the calendar for the next great event.
San Carlos has been one of the more stable real estate markets in San Mateo County. It has great weather, high-ranking schools, and plenty of shopping and restaurants.
Well, you can but why would you want to? At the risk of irritating you, I’m going to get real here. If you want to buy a house and you know there are many other people who are interested in that very same house – in other words, there will be multiple offers – why would you ask if I think that submitting an offer 5% under the asking price will get you the house?
I try to educate my clients. I try – really I do. I show them houses. I show them statistics. I show them the history of the market. I tell them – oh wait!
But we have to learn by experience – our own experience. And home buyers want to submit their offer. And that’s fine – for a while. But I don’t want to bash my head against the wall too many times. At some point you have to read the writing on the wall.
Ain’t Gonna Happen
You and the rest of the world has waited for the bottom of the market. Now that we’ve hit bottom and are bouncing back everyone’s out there trying to buy at the same time. Add in the $8000 credit and you’ve got a frenzy on your hands.
Here To Stay?
Is the market going to stay that way? I don’t know. Is it worth the risk of waiting to see what happens? Up to you. I don’t think so – if you plan to buy for the long term.
I Told You So
If you touch the stove you’re going to get burned. If you do that with your eyes they’re going to stay that way. Don’t take candy from strangers. And if you wait too long interest rates and home prices will rise, the 8k credit will be gone, and you’ll be out of luck. It’s inevitable.
But you didn’t listen to your mother – I didn’t. Thought I had it all figured out – so why should you listen to me?
