NEWS & ADVICE

SetSchedule Member Spotlight: Arpad Racz with Altas Realty from San Jose, CA!

June 29, 2017

Arpad Racz
Altas Realty

Experience: 19 years
Specializations: Single Family Homes, Condo’s, Townhomes, Multi-Unit Properties, Land, Probate Sales, 1031 Exchanges, and more.
Areas Served: Most of Santa Clara County and Silicon Valley, including Mountain View, Cupertino, San Jose, Los Altos, Los Altos Hills, Sunnyvale, Saratoga, Campbell, Monte Sereno, Palo Alto, Los Gatos, Santa Clara, Fremont, Loyola Corners, and some other areas as well


Q: What made you become interested in real estate?
A: My father has been in real estate since 1970, and we grew up with this area of expertise.

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Houses are selling quickly, and for higher prices – Why that’s not good news for everyone

June 26, 2017

Data about May home sales and prices suggest that the market is continuing to gain momentum. More houses are being sold, and more quickly, than previous months in all regions except the Midwest. Overall, the pace of total existing-home sales was 2.7 percent higher from May 2016. 55 percent of those homes were on the market for less than a month – an average of 27 days, two days shorter than the April data suggested.

However, the quick timeline of home sales hints at a potential long-term problem: Houses are being snapped up quickly as inventory remains tight. That high demand and lack of supply also continued to push sale prices higher – good news for those who already own, but a sign that homeownership is becoming less and less affordable for those who haven’t yet gotten on the proverbial ladder.

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Listing of the Day: A stunning Palm Springs retreat from Alan Bloom of HÔM Sotheby’s International Realty

June 23, 2017

The Listing of the Day for June 23is over at 699 Camino Norte, Palm Springs CA. Provided by HÔM Sotheby’s International Realty.

Discreetly private, this renovated Vista Las Palmas home is hidden behind a wall of Ficus hedges. The main living area is expansive, with sunken living room featuring beautifully crafted built-ins and a wet bar, beamed and vaulted ceilings, and large windows, sliders and skylights that invite sunlight to bathe the interior. The dining area can accommodate a crowd, and is served by a gourmet kitchen with quartz counters, a cooking island with a 5-burner gas cooktop, double ovens, top-quality stainless steel appliances, and 2 dishwashers, making entertaining a snap. The master suite is made cozy by a marble fireplace and a wall of warm wood built-ins, and the master bath is a spa-like retreat in itself. Another bedroom has it’s own fireplace and serene views to the mountains. The resort-style backyard is pristine, with an alfresco dining area and manicured landscaping surrounding the sparkling pool and spa that gaze out to the multi-hued mountains, seemingly close enough to touch.

6 bedrooms, 5 baths, 4,220 square feet. Listed for $2.8 million.

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SetSchedule Member Spotlight: Cheri Westphal with Sterling, Johnston & Associates from Redmond,WA!

June 22, 2017

Cheri Westphal
Sterling, Johnston & Associates

Experience: 6 years
Specializations: first homes, empty nesters, HUD properties, short sales, investment properties.
Areas Served: King & Pierce counties.

Q: What made you become interested in real estate?
A: It was the family business. I started in real estate appraising in the 1980’s, which was the family business, and went to open houses hosted by my grandmother, who was a realtor in Kirkland. While I took a break from real estate while my children were young, it truly was my passion and I was drawn back into it.

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