House Hunter Silicon Valley: 3 listings in the Santa Cruz Mountains (Sept 25, 2020)

Today  we feature three properties in Redwood Estates, Ben Lomond, and Los Gatos mountains that allow multi-generational housing, acreage for spreading out and the proximity of being near major tech hubs and headquarters. The properties in Santa Cruz Mountains offer exceptional views, peace & tranquility – what better place to gather family with a sprawling compound and room to play!

 

21399 Lee Dr Los Gatos, CA 95033 3 bedroom/ 3 bath 2,535 SqFt, 1 acre lot Listed by Compass at 1.45M

For more info: https://bit.ly/340XLDv

Wonderful neighbors, great community and excellent Los Gatos schools.

 

Coming Soon – Ben Lomond 3 bedroom / 5 Bath 5,656 SqFt 200+ acres Listed at 4,250,000.

Call me for more details: 831.346.2743

 

485 Cresci Road Los Gatos, CA 95033

4 bedrooms / 3 bath 3,263 SqFt, 4.5 acres Listed at 1.249 by Coldwell Realty

For more info: https://bit.ly/331c9ws

This property at the time of recording has been on the market for 138 days, but don’t let the days on market worry you about the stigma of ‘something must be wrong with the property’!

Often these mountain properties have longer days on market but also remember we had the CZU fires (Here’s my vlog post https://youtu.be/gLbKNZ9SX9I ) and sometimes new buyers who aren’t used to the features of country living (such as living with septic, well water, foundation inspection, just to name a few) all these new systems can be a bit alarming to ‘city folks’! Having an inspection and becoming familiar with reports is important so buyer and seller know how to proceed.

If you’re interested in any of these listings or interested in discussing what your home is worth, give me a call 831-346-2743 text or voice.

I’ll help you get through any new transitions you’d like to make with ease and confidence so you can focus on what’s important in your life. 

Lynne MacFarlane Homes

831-346-2743 text anytime!

Lynne Watanabe MacFarlane, MCDM, SRES | Realtor

PFAC Silicon Valley affiliate

Intero | A Berkshire Hathaway Affiliate

Text/voice: 831-346-2743

DRE# 02066698

www.lynnemacfarlane.com


Posted on September 25, 2020 at 3:21 am
Lynne (Watanabe) MacFarlane | Posted in Buyers, Housing Market, Los Gatos, multigenerational, SANTA CLARA COUNTY, Santa Cruz County, Sellers Market | Tagged , , , , , , , , ,

Our Life in 2020 [Original Video]

We’re all trying to figure out life during this health crisis. We all have different needs, our priorities have shifted and our lives have been permanently been effected. We’ve learned how much our lives are intertwined with services, businesses but most importantly, our friends and family. How has your life changed since March 2020?

My focus is helping others in transition so that they can focus on what’s important in their lives.

I’ve experienced multiple transitions in my life and I know that when one must make a move, it is not easy AND the last thing you want to worry about is the physical move (prepping a home, the sale of a home, where will I live, etc…)

If you’re considering a move and change in life, feel free to reach out, we can talk over the phone or on a Zoom or Facetime chat. I can assist with not only the sale of your home (and educate you about the real estate market and home’s worth) but help plan what’s the next steps and discuss your options. I’m a Professional Fiduciary Association California ( #PFAC) affiliate member and a senior resource specialist in real estate #SRES ready to help you or family members. 

Lynne MacFarlane Homes

Lynne Watanabe MacFarlane, MCDM, SRES | Realtor

PFAC Silicon Valley affiliate

Intero | A Berkshire Hathaway Affiliate

phone 831.346.2743

DRE# 02066698

www.lynnemacfarlane.com 

https://www.instagram.com/lynnemacfar…

https://www.facebook.com/LynneMacFarl…

https://twitter.com/lynnewatanabe

https://twitter.com/CapitolaHomes

https://bit.ly/LynneYouTubeChannel


Posted on August 12, 2020 at 2:40 pm
Lynne (Watanabe) MacFarlane | Posted in Buyers, Homeowners, SRES, Video | Tagged , , , , , , ,

In Contract! Congratulations to our new homebuyers in Alameda!

Lynne MacFarlane Homes - In Contract 1825 Shoreline Alameda, California

 

It’s been a hot real estate market in the SF Bay Area, multiple offers on many properties, nevertheless my buyers were tired of paying rent and believed it was time to start building their own wealth by investing in real estate. We searched in Los Gatos, Mountain View and all the good school districts as they have two twin boys. We were able to locate the properties in desired school districts and check out only the ones with specific schools.

Click on the image below for my powerful AI-powered, data-driven  “Search in Alameda” for single family homes, townhomes and condos. It’s a very user friendly and will help to find more information about homes that are similar to those that  you might be interested in.

Lynne MacFarlane, Realtor Alameda Search

 

If you’ve never heard of or considered living in Alameda, don’t feel bad, either have these folks, and they live in the City! (This movie scene was taken from  Star Trek IV: The Voyage Home )

Interested in Alameda Market Trends? Click on below image to take you see the Active Listings, Median Sale Prices, and Recent Homes Sold in the area.

Lynne MacFarlane, Realtor Market Search Link here


Posted on August 3, 2020 at 9:06 pm
Lynne (Watanabe) MacFarlane | Posted in Alameda, Buyers, Real Estate | Tagged , , , , , , ,

Open Houses During a Zombie Apocalypse [Video]

 

Residential real estate is considered an essential service, but we no longer host public open houses during health crises.

You may wonder how realtors show properties these days. Well, we do this mindfully with our clients’ health and safety in mind. Firstly, before entry, all visitors must sign a PEAD-V form and we schedule a private tour with agents. All buyers/visitors need to sign the PEAD-V every day they tour properties. 

 

The rules outlined by the new posted pictogram which are posted in homes simply state everyone to:

a) wear a mask

b) stay six feet apart

c) wash your hands upon entry

d) discard all PPE after visit

e) Do not touch anything unnecessarily

 

The PEAD-V form includes an eight page “Best Practices Guidelines and Prevention Plan for Showings.”

It requires all listing agents to ensure:

1) That the “rules” are followed during showings (no touching surfaces, masks worn, ext.)

2) That handrails, light switches, clipboards, knobs, toilet handles, keyboards, and other commonly touched areas need to be wiped down with disinfectant before and after showings (soap/towel, Lysol wipes)

3) Soap or sanitizer needs to be available

4) Doors must be left open to outside to allow for fresh air

5) Doors throughout inside must be left open to decrease need for opening by visitors.

 

Learn more: https://www.car.org/legal/Recent-Lega…

If you have any questions about buying or selling under these conditions, don’t worry, give me a call and I’ll share with your our best practices to keep you and your family safe and healthy!

Be Well!

Lynne MacFarlane Homes

Lynne Watanabe MacFarlane, MCDM, SRES Realtor

PFAC Silicon Valley chapter, affiliate member

Lmacfarlane @ intero. com

831.346.2743 text/voice anytime


Posted on July 7, 2020 at 1:26 am
Lynne (Watanabe) MacFarlane | Posted in Buyers, Community Stories, Homeowners, Open House, Real Estate, Shelter in place | Tagged , , , , ,

Three Reasons Homebuyers Are Ready to Purchase This Year

A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several reasons buyers are more likely to move this year (see graph below):

Lynne MacFarlane's Blog, topic is why many buyers are likely to purchase in the next year

Let’s break down why these are a few of the key factors motivating buyers to actively engage in the home search process, and the corresponding wins for sellers as well.

1. Low Mortgage Rates

The biggest reason potential homebuyers indicated they’re eager to purchase this year is due to current mortgage rates, which are hovering near all-time lows. Today’s low rates are making it more affordable than ever to buy a home, which is a huge incentive for purchasers. In fact, 67% of respondents in the Lending Tree survey want to take advantage of low mortgage rates. This is no surprise when comparing historic mortgage rates by decade (see below):

Lynne MacFarlane Realtor Blog discusses historic interest rates by decade

Sam Khater, Chief Economist at Freddie Mac recently said:

“As the economy is slowly rebounding, all signs continue to point to a solid recovery in home sales activity heading into the summer as prospective buyers jump back into the market. Low mortgage rates are a key factor in this recovery.”

  1. Reduced Spending

Some people have also been able to save a little extra money over the past few months while sheltering in place. One of the upsides of staying home recently is that many have been able to work remotely and minimize extra spending on things like commuting expenses, social events, and more. For those who fall into this category, they may have a bit more saved up for down payments and closing costs, making purchasing a home more feasible today.

  1. Re-Evaluating Their Space

Spending time at home has also given buyers a chance to really evaluate their living space, whether renting or as a current homeowner. With time available to craft a wish list of what they really need in their next home, from more square footage to a more spacious neighborhood, they’re ready to make it happen.

What does this mean for buyers and sellers?

With these three factors in play, the demand for housing will keep growing this year, especially over the summer as more communities continue their phased approach to reopening. Buyers can take advantage of additional savings and low mortgage rates. And if you’re thinking of selling, know that your home may be in high demand as buyer interest grows and the number of homes for sale continues to dwindle. This may be your moment to list your house and make a move into a new space as well.

Bottom Line

If you’re ready to buy or sell – or maybe both – let’s connect to put your plans in motion. With low mortgage rates leading the way, it’s a great time to take advantage of your position in today’s market.

Give me a call at 831.346.2743 text/cell

lmacfarlane @ intero . com

Let me know if there’s anything I can do for you! 

 


Posted on June 16, 2020 at 7:04 pm
Lynne (Watanabe) MacFarlane | Posted in Buyers, Mortgage Rates, Real Estate | Tagged , , , , ,

Prosperity Home Mortgage – Interview with Rashel Yadegari [Video]

Today I interviewed Rashel Yadegari, Prosperity Home Mortgage as we discuss the common lending myths in the home buying process. If you have any questions with the lending process, please don’t hesitate to contact me or Rashel. Hope you enjoy my interview, as it is meant to be a open conversation and an ongoing discussion; I believe it’s best be informed so you can make smarter decisions.

Rashel Yadegari, Prosperity Home Morgage, Mortgage Consultant
NMLSR ID: 1246397
Cell: 408-912-0570
email: Rashel.Yadegari@phmloans.com

Lynne Watanabe MacFarlane, MCDM, SRES | Realtor
PFAC Silicon Valley affiliate
Intero | A Berkshire Hathaway Affiliate
phone 831.346.2743
DRE# 02066698
www.Intero.com | facebook | linkedin | blog | videos| luxury home collection | committed to our community

Thanks for your interest!

Lynne MacFarlane Homes


Posted on May 30, 2020 at 9:42 pm
Lynne (Watanabe) MacFarlane | Posted in Buyers, Why buy | Tagged , , , , , , , ,

Importance of Staying The Course – Remaining Calm in Real Estate Market (vs S&P)

Keep calm - Let's find you a new home Lynne MacFarlane

It may only be the middle of March but for Silicon Valley real estate, spring has sprung.

Overall, the housing market is on the rise. Available homes for sale or inventory continue to be very low, which has fueled housing price appreciation for the past several years. Historically, inventory rises as the weather warms and we enter the spring selling season. One benchmark comparison that can provide a deeper understanding of the housing market is the overall health of the stock market.

San Mateo Prices Pending vs. S&P

At Intero, we chart the S&P 500 as it relates to home prices in Santa Clara County and San Mateo County. Historically, we find that the two indices are closely correlated. If you examined the chart a few weeks ago, you’d observe a widening gap between the S&P 500 and the average price in our local real estate markets. The unending stock market rally seemed to be marching continuously upward while the real estate market took a breather in 2019, causing a gap between home prices and S&P 500. Then as news of the Coronavirus dominated headlines, the gap narrowed as the current stock market correction began to take hold.

It makes sense local housing prices should chart the S&P 500; many of our buyers in Silicon Valley are employed at companies like Apple, Google or Facebook and use their stock options as down payment capital to purchase homes.

So, when prospective buyers or sellers ask the perennial question:

How’s the real estate market?
Presuming the stock market decline did not wipe out your down payment, now is the best mortgage interest rate environment in 50 years!

We suggest that now is a good opportunity to get involved with the housing market no matter what side of the fence you’re on, buyer or seller. Why? Presuming the stock market decline did not wipe out your down payment, now is the best mortgage interest rate environment in 50 years! The uncertainty in the stock market has pushed yields on treasury bills as well as mortgage bonds to all-time lows. Your money buys you more house than it did just a few weeks ago.

Is now a good time for prospective home sellers? The continued low inventory of homes for sale has caused prices to firm over the past six months and in many cases, we’re seeing multiple offers on attractive, well-priced properties. When supply is low and demand is strong, prices tend to rise. Stay calm and sell!

Savvy buyers and sellers will stay calm and proceed with plans to buy and sell. – Brian Crane, CEO Intero

Our hearts go out to those affected by the Coronavirus and we should all take necessary precautions to stay healthy, but this is not the time to retreat from the real estate market. Savvy buyers and sellers will stay calm and proceed with plans to buy and sell. Please let me know if you or someone you know is interested in selling, buying or investing, I’m never too busy for your referrals.

Lynne MacFarlane, Realtor, PFAC Affiliate

DRE#02066698

(831) 346-2743 text/voice anytime

lmacfarlane@intero.com

Lynne MacFarlane Homes

 


Posted on March 13, 2020 at 7:08 pm
Lynne (Watanabe) MacFarlane | Posted in Buyers, investors, Mid-Peninsula, SANTA CLARA COUNTY, Sellers | Tagged , ,

Congratulations to our new homeowners!

 

Congratulations to first time homeowners, Viv and Steve!

~ Welcome, welcome, welcome to beautiful San Jose, California! ~

I admired their fortitude during multiple offers in a fierce competitive market and wanting to own a single family home (vs. condo/townhouse). They knew that a single family home would appreciate more, they had to jump into the real estate market, and after discussing their desire to put in ‘sweaty equity’ by doing their own remodeling and cosmetic fixes rather than buying a home that was ‘turn-key’ they had to make difficult decisions that was within their budget. They ultimately found a home with unique character, attractive curb appeal, and with a detached garage which could be used as a workshop or possibly an ADU (granny unit) for passive income. The larger lot is big enough to build an addition…their options are there for future use.

Congratulations again to Viv and Steve on making an offer to a home that will forever be remembered as the Valentine’s Day, gift of love, a cozy home!

Craftsman style home in San Jose - Lynne MacFarlane, Realtor

Built-in cabinets, wide baseboard, casement windows from every room.

Lynne MacFarlane Homes


Posted on March 11, 2020 at 8:53 am
Lynne (Watanabe) MacFarlane | Posted in Buyers, Housing Market, Real Estate, San Jose | Tagged , , ,

Maybe it’s time to consider diversifying your portfolio

Have you seen what’s happening in the stock market last week?

The Dow and S&P 500 each dropped 12% and 11% for the week marking their worst weekly performance since the financial crisis.😳 

Don’t panic.

 

Maybe it’s time to consider diversifying your portfolio – While the stock market is a common investment option (its true that stocks are more liquid, easier to diversify), real estate investments offer an alternative. Under the right circumstances a real estate investment may be low risk, may yield better returns and in California we do have great appreciation. As an investor or landlord you can provide housing, and get a tax break, passive income before you retire; awesome right?

Give me a call when you’re ready to move up, downsize or buy your first, second…rental property. As always, I appreciate you and let me know if I can help you in any way!

Lynne MacFarlane Homes

Lynne MacFarlane, MCDM

Intero Real Estate Services

DRE #02066698

(831) 346-2743 text/voice

lmacfarlane@intero.com


Posted on March 2, 2020 at 7:07 am
Lynne (Watanabe) MacFarlane | Posted in Buyers, investors, Sellers | Tagged , , , ,

CA Prop 60/90: Transfer of Base Year Value for Age 55 & Over

Happy 2020!

Hi friends~ As we head into another property tax season, it is important for homeowners and investors to better understand CA’s Proposition 60 and 90 (Prop 60 & 90), which provide certain tax relief for qualified homeowners age 55 or over.

Understanding Prop 60 & 90

Prop 60 & 90 are initiatives both passed by California voters and amend section 2 of Article XIIIA of the CA Constitution. They provide property tax relief by preventing reassessment by allowing qualified senior citizens to sell their primary residence and transfer the base year value of that property to a replacement primary residence worth the same or less within two years of the transfer.
Proposition 60 & 90essentially have the same provisions and qualifications, however Prop 60 applies intra-county, which means the transfer is within the same county, whereas, Prop 90 is inter-county and applies to transfers from one county to another county in California, if the county where the replacement property is located has enacted Proposition 90 to authorize such transfer. According to the Board of Equalization, as of Nov. 7, 2018, ten California counties that have adopted Proposition 90.
  • Alameda

  • Los Angeles

  • Orange

  • Riverside

  • San Bernardino

  • San Diego

  • San Mateo

  • Santa Clara

  • Tuolumne

  • Ventura

*See below for a list of certain requirements that must be met before a person can take advantage of this tax relief.
Eligibility Requirements
  • Age – The claimant or a spouse residing with claimant, must be at least 55 years old when the original property is sold.
  • One-time benefit – The is a one-time benefit. If Prop 60 or Prop 90 relief was filed and received, neither claimant nor spouse are eligible for filing again.
  • Primary Residence or Disabled Veterans’ Exemption – The original property must have been eligible for the Homeowners’ Exemption (i.e. was the primary residence) or the Disabled Veterans’ Exemption at them time it was sold or within 2 years of the purchase or construction of replacement property.
  • Reappraisal of Original Property – The original property must be subject to reappraisal at its current fair market value as the result of its transfer.
  • Principal Resident of Replacement Property – The replacement property must be the claimants’ principal residence and must be eligible for Homeowners’ Exemption or the Disabled Veterans’ Exemption.
  • Value – The replacement dwelling must be of equal or lesser value than the original property.
  • Time – the replacement dwelling must be purchased or newly constructed within two years (before or after) of the sale of the original property.
  • Filing Claim – A claim for retroactive relief in must be filed within three years of the purchase date of the replacement property or the new construction completion date of the replacement property.

**Ask me if you’d like a list of real estate CPA specialist and financial advisors. Tax season is around the corner, don’t wait!

For more information about transferring base year value, please visit the California State Board of Equalization website: https://www.boe.ca.gov/proptaxes/prop60-90_55over.htm#Description
Lynne MacFarlane Homes

Lynne Watanabe – MacFarlane, MCDM, Realtor

INTERO REAL ESTATE SERVICES | a Berkshire Hathaway affiliate

(831) 346-2743 text/call

email: lmacfarlane@intero.com


Posted on January 9, 2020 at 6:14 pm
Lynne (Watanabe) MacFarlane | Posted in Articles, Buyers, Homeowners, Sellers, Tax Relief | Tagged ,