Skip to content

Location Location Location

May 15, 2008


I was in a meeting this week when a friend came up and, in that hushed conspiratorial tone asked “How’s Real Estate?”

“Gosh, I am busy!” I replied

She didn’t know what to do. She literally just stared at me for about 3-4 seconds.

While it’s true the money markets are off and it’s a bit harder to get a loan than it used to be, It has been SO MUCH worse! It wasn’t that long ago that you couldn’t get a loan without excellent credit and a decent down payment that you worked really hard to earn.

Of course, that’s before the speculators came into the market and took advantage of other people’s cheap money. We only have ourselves to blame.

That being said, there are still some great markets in Silicon Valley. This week a friend made and offer on a $1.2M home in Santa Clara with Cupertino schools. They came in $50K over asking price and were out bid by $250K!

What’s the market like in your neck of the world?

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: