Milpitas Real Estate Market Update 10-12-2017

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1) Milpitas MLS Market Update
-22 pending sales
-new listings:
-564 Redwood Ave 4bd 3ba 1745sf $949,000
-1970 Badgerwood Ln 2bd 2 1/2ba 1498sf $879,000
-435 Galaxy Ct 3bd 2ba 1240sf $579,000
2) Open House Sat/Sun 10/14 & 10/15 1pm-4pm
-Just listed 1386 Lassen Ave, Milpitas $998,888
5bd 2 1/2ba 1769sf lot size 5500sf Parktown
3) Current Interest Rates:
4.0% 30 yr fixed conforming
3.375% 15 yr fixed conforming
4.25% 30 yr fixed jumbo
3.625% 15 yr fixed jumbo
Wholesale and consumer inflation and Retail Sales
will capture attention by tomorrow….
Fannie Mae Mortgage Bond 3.5% as of 10/06
4) Preparing Your Property to Show
-Lots of light!!! remove all curtains from windows…
add extra lighting fixtures, standing lamps in rooms
add overhead recessed lighting if possible, or
skylights/ sun tunnels for natural light
-Quiet music!!! Soft background music, turn off TV’s
and loud stereos
-Pets- remove from inside, keep outside or in locked area
-Seller’s presence- most buyers will not relax and closely
inspect a home with seller present, the best showing
opportunities are open houses…
-Odors-fresh flowers are great for appearance and fragrance,
try refreshener plug ins, or scented candles for aroma,
eliminate cooking odors and pet odors…I use a plug in
electronic odor eliminator
5) Preparing Your Property to Sell
-Clean, Declutter and Paint (these are 3 essentials)
-I do not recommend any major remodeling to kitchens/
baths….most buyers want to choose their colors and
type of cabinets/hardware to their style and taste
-Paint a neutral color throughout
-Refinish hardwood floors
-Newly installed neutral carpeting
-Front door freshly painted, dark color
-I recommend staging, with or without seller living
in the home
-Fresh grass/sod in front yard (first impression is
most important)
-Backyard weed-free and clean/neat, staged with
patio furniture

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