Below is a response with a question that came in response to our real estate e-newsletter we sent out yesterday:
“Here’s my observation. The main problem of young married first time buyer professionals here in the Bay Area is that even if their combined income qualify them for a bank loan, they do not have enough money saved to pay for the 20% down payment. Aside from borrowing money from their parents, is there a better way of solving this crisis?” Joseph Palafox, Architect
The millennial demographic consists of many home buyers who make quite a bit of money. If they focus on a goal of home ownership, they are able to save enough money for a down payment, whether it be 20% or even less using some of the minimum of 3% or 3.5% down payment scenarios for which they may qualify. The issue with any buyer is the standard of living they expect or desire in a home. If the expectation is for a detached home of 2000 sq ft., well, that may be a stretch for some buyers who can afford a smaller home that could use some updating, for example.
Actually, I have a different perspective on affordability here in the Bay Area. We all have choices about where, how and what we live in. If we adjust our expectations in order to live how we want, then there is no “crisis”.
Travel the world a bit more, folks. You’ll see that a lot of the world lives in a lot less than we do here in the United States and they are perfectly happy with their lives and thankful for where they live…
I’m just sayin’!
“Anna May and her team are amazing. From our first meeting with her we were impressed. She is truly dedicated to whatever she does. We felt comfortable in choosing Anna May and her team to represent us in our home buying experience. This woman knows what she is talking about. She was able to give us so much detailed information about the City of Hayward. Even when she went on vacation she was still in contact with us. Anna gave us excellent referrals. She only deals with the best. It was a wonderful experience working with Anna May and her team especially Gabriel Heredia. They made the stress of buying a home minimal. We would without a doubt recommend Anna May and her team to potential buyers. They were a true pleasure to work with.”
J & V (from San Mateo County to Alameda County)
“Anna is perhaps one of the most genuine realtors in the industry. While some realtors might tell you what you want to hear, she tells you what you need to hear. She really knows the industry in and out. After briefly meeting Anna back in 2008 (during the downturn in the real estate market) I knew that I wanted her as my agent during my recent sale. From the start, her and her partner Greg provided me with a very accurate analysis of my home with intelligent recommendations. She is very thorough and throughout the whole process, she always kept me updated of necessary repairs, inspections and legal matters that need addressing – and she was always there to handle it.
What I really admire about her is her ability to handle every situation diplomatically and in a professional manner, that is something worth noting in today’s industry where there is almost an endless supply of realtors. She is able to keep the focus on the main goal of getting things done in a timely manner even when unexpected situations come up. And most of all, she cares. At the end day, there may be some realtors who see a transaction just a sale, but Anna realizes that for some (as in my case) that it was not just a home, but the home I grew up in. throughout the entire process she had great respect for that and always kept that in mind during the sale of the house.”
Anna and her team were very professional from the onset. Before we even listed our house we were presented all the comps in our surrounding area. We had the opportunity to carefully look at the information and make the best decision for our family. Her team advising on staging our house along with the professional photos helped us attain the selling price we were looking for. Anna May at Realty World truly sets the benchmark for Real Estate Companies. The next time we want to sell our house we’ll be calling Anna May.
The post From One Hill to Another: Hayward to Castro Valley appeared first on Anna May & Greg Jones, REALTORS.
“Greg Jones and Realty World (Neighbors) far exceeded our expectations. Greg updated us at every stage of our sale. We were never left to doubt what had happened and what to expect in coming days. His contacts removed much of the anxiety related to the selling of my Mother’s home. I will not hesitate to recommend the services of Realty World (Neighbors).”
-Ilse and Larry Rollin