Silicon Valley Real Estate & Miscellany

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Real Estate Agent - Certified Realty Services - BRE# 00572654
The Santa Clara County real estate market is adjusting to the tightening credit standards and subsequent loss of Buyers. From about 2002 to 2006 the real estate market was kept more active than the underlying fundamentals would justify because of the liberal financing and easy credit standards. Buyers didn't need a down payment, they didn't to verify their income and they used deeply discounted adjustable interest rate loans to qualify to financing. All of this is "coming home to roost" and the low-end of the market, in particular, is very soft. Well-priced homes in good locations are still active.
RECENT BLOG POSTS
Is the Seller Liable for a Commission if they Reject a Full-Price, Full-Term Offer? The answer depends on what the listing agreement says. The standard California Association of Realtors (CAR) Listing Agreement was recently modified.  The new Exclusive Authorization and Right To Sell agreement sa...
08/13/2013
Using Eminent Domain to Seize Underwater Mortgages to Reduce Foreclosures. Has everyone heard about the strategy to use the powers of eminent domain to seize underwater mortgages?  It's a controversial idea that began percolating about a year ago.  The politically well-connected proponent, Mortga...
08/03/2013
Wordless Wednesday; Massive Oak Tree Dwarfs Acorn-Sized Shack For Sale (will squirrels pay rent?) Lloyd Binen Realtor/Broker/ DRE 572654 Certified Realty Services 19200 Shubert Drive Saratoga, CA 95070 Certified Residential Specialist (CRS); Graduate, Realtors Institute 408-373-4411; e-mail
07/24/2013
Speechless Sunday; Agave Americana's Climax & Grand Finale (Local Agave lovers may want to drive by the house at Miller Ave. and North Hampton Dr. in Saratoga, CA. to see it while it lasts) Lloyd Binen Realtor/Broker/DRE 572654  Certified Realty Services 19200 Shubert Drive Saratoga, CA 95070-404...
07/21/2013
Rising Santa Clara County Home Prices Pull Underwater Homeowners above Water The relationship between the Number of Foreclosure Sales*, Short Sales* and the Median Sale Prices of Single Family Residences in Santa Clara County from January, 2009 through June, 2013 is shown in the graph.  Santa Cla...
07/16/2013
Speechless Sunday; Low Rider? Bicycle? Sculpture?  All The Above? Lloyd Binen Realtor/Broker/DRE 572654 Certified Realty Services 19200 Shubert Drive Saratoga, CA 95070 Certified Residential Specialist (CRS); Graduate Realtors Institute (GRI) 408-373-4411; e-mail
07/14/2013
Willow Glen Open House July 13 & 14; 556 Atlanta Ave. San Jose 95125; 1:30 - 4:00 PM First time on the market since 1951, this Spanish style home features old-world charm but the conveniences of a recently remodeled kitchen. Additional details available at http://www.Atlanta-Ave.com  Lloyd Binen ...
07/13/2013
An Idea Everyone is Sure to Like: Let's Get Rid of Referral Fees.  Giving or receiving anything of value in exchange for the simple referral of real estate related business is a RESPA violation.  It has been since 1974 when the Real Estate Settlement Procedures Act was passed by Congress and sign...
07/11/2013
Disappearing Affordability in San Jose, CA. What is the natural consequence of rising home prices?  It's diminishing affordability, and that's what is currently happening in the Silicon Valley and San Jose, CA.  And, it's happening quickly as the graph below shows.  San Jose, CA is one of the mos...
06/13/2013
Listings and Sales of Small Apartment Buildings in Silicon Valley A well-qualified, highly-motivated current and former client and I have been trying unsuccessfully to find a small apartment building.  We'd like to find a 3-10 unit building with a least one 1 bedroom unit for her personal use whi...
06/06/2013
Rainmaker
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Lloyd Binen

Silicon Valley Realtor since 1976; 408-373-4411
local_phone(408) 373-4411
smartphone(408) 373-4411
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What's Up in Silicon Valley Real Estate. Particularly Saratoga, Cupertino, Campbell, West Valley, Mountain View and Sunnyvale.