FAQ For Buyers
- How do I know if this is a good time for buying a home?
- How do I find market information?
- How do I find out how houses are selling in the neighborhood where I’m interested in buying?
- How do I select the right real estate agent for buying a home?
- What questions should I ask in selecting the right Real Estate Agent?
- I would like to buy, but I would rather monitor the market for a while. What can I do?
- Okay, I would like to buy. What is the next step?
- How long it will take to buy a house?
How do I know if this is a good time for buying a home?
The real estate market goes through cycles of expansion and contraction just like the economy.
When prices of homes are increasing at a fast rate and homes are selling in shorter periods of time, (sometimes with multiple offers) the real estate market is referred to as a “sellers’ market” and buying a home can be more challenging and expensive. When properties are taking much longer to sell and sale prices are declining, the market is described as a “buyers’ market” and buying a home at a good price can be relatively easy.
The condition of the overall economy significantly affects these cycles. Interest and unemployment rates are examples of key economic influencers in buying a home. In real estate, key indicators used to determine if we are in a sellers’ or buyers’ market include: days on the market, available inventory; final sale versus listing prices; the number of pending homes for sale compared to the year before.
National or county-level market trends may not accurately reflect the characteristics of the market for a specific neighborhood, because real estate is made up of micro-markets, each with its own unique characteristics.
As your Sunnyvale Buyer Agent, we are always available to provide you with this important information for neighborhoods in and around Sunnyvale when buying a home.
While we provide some information on our website about the current real estate market conditions, this cannot replace a private and confidential consultation with us when you are buying a home.
To access market trends information for Sunnyvale and other cities, please click the following link to sign up for our free service.
How do I find market information?
Please click the following link to get more market information. Then, when you’re ready, please give us a call and we’ll be happy to schedule a private and confidential consultation with you to determine how we can best help you achieve your goals in buying a Sunnyvale area home.
How do I find out how houses are selling in the neighborhood where I’m interested in buying?
Please click the following link to get more information. When you are ready, please give us a call and we’ll be happy to schedule a private and confidential consultation with you to help in buying your home.
How do I select the right real estate agent for buying a home?
When you are buying a home, you’ll want to make sure you pick a Realtor® who has extensive experience in buying homes and a deep knowledge of the area in which you want to buy. One who you’re confident will represent your best interests. One who has many very satisfied clients.
If you are buying a Sunnyvale home and decide not to choose us, or if you want to investigate other agents in and around Sunnyvale to compare us to, just be sure you select a Realtor® who can match our local Sunnyvale real estate market knowledge, experience, reputation, dedication, work ethic and outstanding level of client satisfaction.
For more information on our qualifications, please see Nil Erdal’s Team Advantage and our Client Testimonials.
Qualities to consider
- Enthusiastic
- Eager and able to generate excitement.
- Professional
- Presentable and instills confidence.
- Associated with a “known” firm.
- Well prepared.
- Realistic as to price and timing based on the evidence presented.
- Sensitive to your unique needs.
- Market Savvy
- Helps determine a good offer price through recent sales comparables (“comps”) in the area.
- Knows current market conditions. For example, what’s selling and what’s not, and the average time a house is on the market before it’s sold.
- A Strategic Planner
- Helps you establish realistic home search criteria for homes that meet your goals and purchasing power.
- Helps you develop knowledge about different homes and neighborhoods around Sunnyvale and guides you on critical tradeoffs that you might have to make.
- Skilled Negotiator
- o Knows how to get you optimum pricing and terms for your dream house.
- o Knows how best to handle “multiple offer” situations.
- Ethical
- Explains the laws of agency; the legal duties of sellers’ and buyers’ agents.
- o Doesn’t pressure you to sign a buyer agent agreement on the spot.
- Personable
- Creates a comfort level for you.
Nil Erdal & Team are committed to always act in the best interest of our clients. With our team’s Sunnyvale experience and knowledge, you can’t go wrong.
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I would like to buy, but I would rather monitor the market for a while. What can I do?
Please click the following link to sign up for our Listing Alert service. You will be sent emails as often as you would like (immediately, daily, weekly, monthly) based on your home search criteria, such as neighborhood, price range, number of beds/baths, sq ft, etc.
When you are ready to buy a home, please give us a call and we’ll be happy to schedule a private and confidential consultation with you.
Real Estate Market Activity in your Neighborhood
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Okay, I would like to buy. What is the next step?
Congratulations. You made the first critical decision buying a home and now you are ready to schedule a private and confidential consultation with us.
During this consultation, we will walk you through the several stages of the buying process, provide you with a comparative market analysis for neighborhoods in which you are interested, and familiarize you with the services we provide.
We will ask you questions to make sure it is in your best interest to buy a home at this time and we will answer all of your questions to make sure you feel comfortable in going forward with the process of buying a home.
We will also present you with a home buying strategy based on your specific goals and desired outcome. There is no obligation on your part at the end of this initial consultation meeting. That means you have nothing to lose but a lot to gain.
Please call us at (408) 973-9805 or (650) 323-9805 to set up your appointment.
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How long it will take to buy a house?
Your flexibility on the condition of the house you are looking for, desirability of the neighborhoods in which you are interested, your motivation, your flexibility on pricing, whether it is a sellers’ versus a buyers’ market, your competition, etc. are some of the key factors that determine how fast you can buy your dream house.
We will give you a detailed answer to this question during our initial consultation meeting.