Talis Team Real Estate

Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Schedule a Call: https://calendly.com/talisteam/30min Coldwell Banker Realty CALDRE: 01883499

Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Schedule a Call: https://calendly.com/talisteam/30min Coldwell Banker Realty CALDRE: 01883499

Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499 Sue Baker-Dirickson VP of Mortgage Lending Call/text: (408) 309-2406 Email: Sue.BakerDirickson@grarate.com Web: grarate.com/SueBakerDirickson NMLS ID: 281021

Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

In this interview Sue Baker Dirickson, a mortgage broker with Guaranteed Rate Affinity, about the current high mortgage interest rates. Sue shares her 37 years of experience and discusses the Federal Reserve's efforts to combat inflation, indicating that high rates may persist until at least June of the following year. The conversation also touches on creative financing options, insights for first-time homebuyers, and key steps in the home buying process, making it a valuable resource for those navigating the real estate market during this period of elevated interest rates. Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499 Sue Baker-Dirickson VP of Mortgage Lending Call/text: (408) 309-2406 Email: Sue.BakerDirickson@grarate.com Web: grarate.com/SueBakerDirickson NMLS ID: 281021 00:00 - Introduction 00:30 - Interest Rates Predictions 01:41 - Best Way to Finance Your Home Today 04:02 - Help for the First Time Homebuyers 07:18 - What Do You Have to Prepare to Start Prequalification Process 10:09 - Documentation Required to Start the Process 13:54 - How to Compare Different Mortgage Programs 15:10 - Conclusion and Contact Informatoin

Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

Schedule a phone call - https://calendly.com/talisteam/30min Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

For the last few years the housing market was absolutely insane. The prices were skyrocketing, we experienced a tremendous shortage of homes for sale and mortgage interest rates were on the rise reaching 20-year highs. Stream of news about the impending recession and the inevitable housing market crash is unstoppable leaving many people confused about the future of the housing market. It makes everyone wonder if it is a good time to buy or sell a home here in the Bay Area, or will there ever be a time when I can afford to buy a home here, or should I move out of the area? Afterall, for many, remote work is a possibility. So, which factors may trigger housing prices to crash after more than 12 years of consistent growth? Well, there were two periods of price adjustment in 2019 and in the second half of 2022 but they were very short and very few people had a chance to take advantage of these short term price declines. Let’s play a few scenarios… Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

Schedule a phone call - https://calendly.com/talisteam/30min Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

Schedule a phone call - https://calendly.com/talisteam/30min Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

Schedule a phone call - https://calendly.com/talisteam/30min Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

Schedule a phone call - https://calendly.com/talisteam/30min Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

Text me - 650.766.6100 Schedule a phone call - https://calendly.com/talisteam/30min In this video, I address a common dilemma many potential homebuyers face: how to determine the right offer price for a home listed at $1.4 million. I want to emphasize that the real estate market is far from an exact science, dispelling the notion that a home should sell for its listing price. In the dynamic Bay Area market, homes often sell both above and below the initial asking price, with recent data indicating an average overbid of 4.1%. I also want to emphasize the limitations of relying solely on automated pricing models like Zillow Zestimates, which can vary significantly and may not account for factors such as the house's condition or local market dynamics. I encourage you to consider a range of factors, including the local market conditions, competition, and the unique features of the property when determining your offer price. To guide prospective buyers, I also stress the importance of seeking out professional assistance and conducting a Competitive Market Analysis (CMA) to obtain a more accurate estimate of a home's value. I encourage you to consider your individual needs, such as school districts, commute times, and property characteristics when assessing a property's worth, acknowledging that some compromises may be necessary. I'd like to invite you to schedule a buyer consultation with my team for personalized support in navigating the complex process of home buying in the ever-changing real estate landscape. Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

In September 2023 we had a slight increase in the number of new listings. It may be just a seasonal trend but also may be a sign that sellers stopped waiting for the mortgage rates to drop and are entering the market in larger numbers than at the beginning of the year. The buyer demand is still strong. The median time to sell a home in Santa Clara and San Mateo counties is still only 9 days. Half of the homes that came to the market were sold in 9 days or less. The number of homes available for sale was not enough to satisfy the demand for housing. The average overbid in September was 4.1%. So far, the changes in the market conditions in the Bay Area were not significant enough to move the market into the buyers territory and to push prices down. For our market to even be considered a balanced market, the inventory should increase from the current 1.7 months to at least 3 months. Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499

Michael Talis: Call/text: (650) 766-6100 Web: https://bit.ly/3WUrGqv Email: https://bit.ly/3Hscr2d Coldwell Banker Realty CALDRE: 01883499