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Whitelaw and Sons Real Estate Morgan Hill
Whitelaw and Sons Real Estate Morgan Hill
real estate market in 2021

Written by Robert Whitelaw, Realtor®/Broker/Owner

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate from Palo Alto to Gilroy and Los Gatos - and beyond! Robert rates his success on providing the highest level of value to his clients.

March 29, 2021

You can survive the 2021 real estate season!

 

Survival is possible

It may not seem like it, but while sellers are in the drivers seat, todays buyers can survive and even thrive in todays real estate reality.

Some Ground Truth

Over the last month, I have had some interesting experiences viewing and making offers in San Jose, Willow Glen and Japan Town. What was most interesting was the competition between buyers for these properties that are in the most desirable locations. What was also interesting was the opportunities that presented themselves once you began to shop for real estate just outside of these super high demand neighborhoods.

Location, Location, Location

In these higher demand areas, you are going to find fierce competition. However, that competition seems to soften as you step away from those markets. We are not talking about embracing terrible homes in terrible locations. These homes are every bit as lovely as the homes in the more in demand locations – they just don’t have some of the mystique that comes with owning a home in those more well known and written about areas.

The right home is out there

So, if you are a buyer trying to get into a home, it can be done. In fact, it can be done without having to offer hundreds of thousands of dollars over the asking price. Even some of the perfectly acceptable homes we have looked at over the last month have now had asking price drops and appear poised to not only accept an asking price offer, but potentially something under asking price. Again, the trade off is on the location side, but not to the point where you are making an unwise purchase.

 

Articles

Check Out The Last Show!

2022 Economics That Could Hit Real Estate

2022 Economics That Could Hit Real Estate

In this weeks show we are looking at a few different bits of economic news that could push our real estate market one way or another. Not a lot of certainty in todays show, but I will offer what I think are prudent actions for buyers, sellers and investors to prepare for the possible eventualities

Unemployment: The Real Numbers

Unemployment: The Real Numbers

I should have known better. Last week, I shared with you the latest unemployment numbers – and I took them at face value. Which is where I made my mistake! Of course, if I listen to my own advice from previous podcasts where we looked at unemployment, I would have realized there was likely more to the story than what they are sharing in the headlines. Of course, there is. In fact, the actual data implies the opposite of what the talking heads are suggesting.

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