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May 29th, 2017 12:27 PM
Two weeks ago mortgage interest rates dropped again. The earlier talk about raising rates back in Dec-March 2017 was all smoke and mirrors as usual. The lenders tried to raise mortgage rates and it did not work. It actually stalled the market, so expect further rate reductions offered to the public as the Refinance Boom and lower rates for buyers continues for the next 4-6 months. If you are thinking about buying or selling your home in Santa Cruz, San Jose or Monterey give me a call. In a no pressure conversation, I can go over your real estate investment needs whether you are selling or buying in 2017. Tom Melville, Real Estate Broker Brea #00774101 over 30 years professional experience in Real Estate. 831-883-0406.
Posted in:Real Estate, For Sale by Owners and tagged: Santa CruzMontereySan Jose
Posted by Thomas Melville, MNAA, MRA on May 29th, 2017 12:27 PMLeave a Comment

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There still remains a shortage of properties for sale and an over supply of buyers in Santa Cruz, Monterey and San Jose counties. ?There are several factors in the current market that include all cash buyers, low interest rates for finance and an election year.

If properly priced and placed on the MLS for maximum exposure homes usually do not exceed 30-60 days before multiple offers are made on the property. As I have written before, pocket listings have only one agent working for the seller and rarely result in maximum exposure or the possibility of multiple offers.

I prefer to obtain the maximum exposure for my clients and obtain the highest sale price for their properties. 

Having a Broker / Appraiser with over 30+ years of experience to represent your real estate interests is an advantage in any market.

If you have any real estate questions give me a call and we can discuss your real estate needs.  I look forward to talking with you. Available 9am-9pm daily.

Tom Melville
Broker /Appraiser
Melville Appraisal & Tom Melville Properties
California Brea# 00774101
831-883-0406

Posted in:Real Estate, For Sale by Owners and tagged: Real EstateSanta CruzMonterey and San Jose
Posted by Thomas Melville, MNAA, MRA on August 4th, 2016 4:54 PMLeave a Comment

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