GREETINGS!
The market is definitely at a “cooler” temperature this month – unlike the thermometer! Prices are fairly stable and there are even some price reductions showing up. The hot, hot, hot seller’s market may have finally given way to a more balanced one, giving buyers a chance to take advantage of an unusual “buyers market” summer window. And how about those low interest rates? Thank you, Brexit.
But the sunny weather is just the right time to take in some FREE events going on around the Valley. Campbell has its Wednesday evening music concerts at the Civic Center. Los Gatos has Jazz on the Plaz on Wednesday evenings as well, and Music in the Park on Sundays at 5.
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NEWS YOU CAN USE:
We thought the following information might be helpful to those of you who are landlords, or are considering renting out your home for the first time…
More and more Americans are choosing to rent instead of own, making for a competitive renter’s market that leaves landlords with the pick of the litter when it comes time to place a tenant.
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Renter’s Insurance
It’s becoming more and more commonplace to require renters to purchase their own individual insurance.
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A Set Number of Tenants
This may seem obvious, but make sure you put a provision stipulating the exact number of people that can live in your home.
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Decide on Subleasing
If you don’t include a clause on subleasing, be fully prepared for your tenants to take advantage of the situation and look to make a little money off of your property.
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and much more…
Finally….if you’re in the market to purchase, here’s an interesting graphic of the digital tools at your disposal. And Sellers….this is how buyers are finding you these days!
We have over 15 years of experience in real estate in Silicon Valley, coupled with Nick’s legal background and Barbara’s expertise in marketing. We depend on the goodwill of our clients, and we are never too busy for your referrals. Please tell your friends about our thoughtful, value-added, and personal attention approach to real estate representation.
We’ll be back next month or so, with another Real Estate Update. In the meantime, enjoy the summer!