Selling a home in Silicon Valley is rarely about simply following the comparable sales. At 828 Cordilleras, strategic pricing, market momentum, and disciplined negotiation created extraordinary demand, ultimately driving the sale to $3,100,000, or $602K over the list price.
The U.S. Housing Shortage Has Surpassed 4 Million Homes — What That Means for the Market →
Cost vs. Value
If you're thinking about renovating or prepping your home for sale, this report is a must-read. It breaks down which projects bring the most value, so you can invest wisely. View the full report here: https://www.flipsnack.com/bedburygroup/cost-vs-value-report-2024/full-view.html
Have questions about which updates make the most sense for your home? Reach out to us anytime, we’re always happy to help.
California Condos Placed on "Mortgage Blacklist"
Condo owners, take note:
Over 700 condo communities in California have now been added to Fannie Mae’s “mortgage blacklist,” meaning buyers can’t get conventional loans in those buildings.
Deferred maintenance, low reserves, and inadequate insurance are pushing more communities onto this growing list—slashing buyer pools and threatening property values.
If your building becomes ineligible for conventional financing, selling may become significantly harder. Now might be the time to act. If you’d like to discuss how this might impact your property or talk through selling strategies, we're just a call or message away.
Read the full Newsweek article at https://www.newsweek.com/california-mortgage-blacklist-fannie-mae-2048493