Sadhana Vasudeva

Sadhana Vasudeva I listen to my clients when you may feel that it is hard to find someone to help you through the pro

If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. Realtor....
03/14/2022

If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. Realtor.com has this to say:

“Homes also flew off the market at record pace as buyers put offers in the moment properties came up for sale….”

In a bidding war situation like this, doing everything you can to get ahead of the competition is a wise move. That’s because when you find a house and submit an offer, it’ll likely be up against strong offers from other buyers. According to the latest Realtors Confidence Index from the National Association of Realtors (NAR), homes today are receiving an average of 3.9 offers.

Here are three tips to keep in mind that will help you make the best offer possible.

>>1. Know Your Numbers
Knowing your budget and what you can afford is critical to your success as a homebuyer. The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan.

>>2. Be Ready To Move Fast
When homes are selling fast, it’s important to stay on top of the market and be ready to move quickly. Your agent will help you stay up to date on the latest listings and help you put together your best offer as soon as you find the home you want to buy.

>>3. Make a Strong but Fair Offer
When you’re up against other offers, putting your best offer forward from the start is key. Lean on your agent to write a strong offer and use their expertise on which levers you can pull to make your offer as enticing as possible.

No matter what, your agent is your best resource for making an offer that stands out in a competitive market. DM me so we can talk through what you can expect as a buyer and how to kick off a successful home search.

Buyers have to be ready to compete in today’s sellers’ market. One of the best strategies is to partner with an agent so...
01/29/2022

Buyers have to be ready to compete in today’s sellers’ market. One of the best strategies is to partner with an agent so you can plan ahead and be ready to act when you’ve found a home that checks all your boxes. DM me so you have a trusted real estate advisor on your side.

Are you one of the many renters thinking about where you’ll live the next time your lease is up? Before you decide wheth...
01/09/2022

Are you one of the many renters thinking about where you’ll live the next time your lease is up? Before you decide whether to look for a new house or another apartment, it’s important to understand the true costs of renting in 2022. As a renter, you should know rents have been rising since 1988.

The increase in 2021 was far greater than the typical rent increases we’ve seen in recent years. In other words – rents are rising fast. And the 2022 National Housing Forecast from realtor.com projects prices for vacant units will continue to increase this year. That means, if you’re planning to move into a different rental this year, you’ll likely pay far more than you have in years past.

If you’re a renter facing rising rental costs, you might wonder what alternatives you have. If so, consider homeownership. One of the many benefits of homeownership is it provides a stable monthly cost you can lock in for the duration of your loan. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says, “. . . fast-rising rents and increasing consumer prices, may have some prospective buyers seeking the protection of a fixed, consistent mortgage payment.”

If you’re planning to make a move this year, locking-in your monthly housing costs for 15-30 years can be a major benefit. You’ll avoid wondering if you’ll need to adjust your budget to account for annual increases. Homeowners also enjoy the added benefit of home equity, which has grown substantially right now.

If you’re thinking of renting this year, it’s important to keep in mind the true costs you’ll face. DM me so you can see how you can begin your journey to homeownership today.

How are smart buyers approaching mortgage rates in today’s market? By getting serious and factoring rising rates into th...
12/29/2021

How are smart buyers approaching mortgage rates in today’s market? By getting serious and factoring rising rates into their budgets. DM me so you have a trusted advisor on your side to answer questions about how to plan your home purchase.

The mortgage pre-approval process is one of the most important steps you can take as a buyer. Not only does it help you ...
12/21/2021

The mortgage pre-approval process is one of the most important steps you can take as a buyer. Not only does it help you understand what you can afford, it shows sellers you’re serious about buying their home. DM me any questions you have about the process so you can get started on your homeownership journey.

To determine whether you should buy now or wait another year, you can ask yourself two simple questions. Let’s shed some...
12/12/2021

To determine whether you should buy now or wait another year, you can ask yourself two simple questions. Let’s shed some light on the answers to both.

>>Where Will Home Prices Be a Year from Now?

Three major housing industry entities are projecting ongoing home price appreciation in 2022. Here are their forecasts:
Fannie Mae: 7.4%
Freddie Mac: 7%
Mortgage Bankers Association: 5.1%

According to the National Association of Realtors (NAR), the median price of a home today is $353,900. Using an average of the three price projections above (6.5%), a home that sold for $353,900 today would be valued at $377,010 at the end of next year. As a prospective buyer, you would therefore pay an additional $23,110 by waiting.

>>Where Will Mortgage Rates Be a Year from Now?

Today, Freddie Mac estimates the average 30-year fixed mortgage rate in the fourth quarter of this year will be 2.8%. However, most experts believe mortgage rates will rise as the economy recovers. Here are the forecasts for the fourth quarter of 2022 by the three major entities mentioned above:
Fannie Mae: 3.4%
Freddie Mac: 3.7%
Mortgage Bankers Association: 4%

That averages out to 3.7% if you include all three forecasts. Any increase in mortgage rates will increase your costs.

What Does It Mean for You if Home Values and Mortgage Rates Increase?
If both variables increase, you’ll pay a lot more in mortgage payments each month. When asking if you should buy a home, you may think of the non-financial benefits of homeownership. When asking when to buy, the financial benefits make it clear that doing so now is much more advantageous than waiting until next year.

If you’re thinking of selling your house, there’s good news. The number of buyers in the market still far outweigh how m...
12/05/2021

If you’re thinking of selling your house, there’s good news. The number of buyers in the market still far outweigh how many houses are available for sale, especially as millennials reach homebuying age. That's great news for you and your house sale. DM me today so we can discuss what this demand means for you.

Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are ris...
11/09/2021

Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic. “Since January of this year, the national median rent has increased by a staggering 16.4 percent.”

Looking back, we can see rents rising isn’t new. The median rental price has increased consistently over the past 33 years. If you’re thinking of renting for another year, consider that rents will likely be even higher next year. But that alone doesn’t paint the picture of the true cost of renting.

A homeowner’s monthly mortgage payment pays for their shelter, but it also acts as an investment. That investment grows in the form of equity as a homeowner makes their mortgage payment each month to pay down what they owe on their home loan. Their equity gets an additional boost from home price appreciation, which is at near-record levels this year.

The latest Homeowner Equity Insights report from CoreLogic found homeowners gained significant wealth through their home equity this past year. The research shows, “. . . the average homeowner gained approximately $51,500 in equity during the past year.”

As a renter, you don’t get the same benefit. Your rent payment only covers the cost of shelter and any included amenities. None of your monthly rent payments come back to you as an investment. Another year of renting is another year you’ll pay rising rents and miss out on building your wealth through home equity. DM me today to talk more about the benefits of buying over renting.

There’s a lot of talk lately about how challenging it can be to find a home to buy. While housing inventory is still low...
10/26/2021

There’s a lot of talk lately about how challenging it can be to find a home to buy. While housing inventory is still low, there are a few important things to understand about the supply of homes for sale as we move into the end of the year.

The Number of Homes for Sale Usually Peaks in the Fall

If we look at the active monthly listings for 2021, we’ll see that the number of homes on the market has increased fairly steadily since spring this year. The realtor.com data shows we’re still seeing an increase in active inventory month-over-month. While that gain is a bit smaller month-to-month, September numbers are still up from the month prior.

The important takeaway here is the latest monthly numbers show growth. At the end of September, buyers had more options to pick from than they did this spring. That’s encouraging for buyers who may have paused their search months ago because they had trouble finding a home.

What Does That Mean for You?

If you’re thinking of buying a home, rest assured you do have more options now than you did earlier this year – and that’s a welcome relief. That said, today’s market is still highly competitive. This isn’t the time to slow your search.

If you’re considering selling your house, realize that while growing, inventory is still low. Selling now means you’ll be in a great position to negotiate with buyers – and competition among buyers is good news for your bottom line.

Whether you’re buying or selling, there’s still a chance to make your goals a reality this season. DM me so we can discuss what’s going on with the local market and current trends and what they mean for you.

Mortgage rates are hovering near 3%. Low rates present buyers with a golden opportunity to lock in a low monthly payment...
09/30/2021

Mortgage rates are hovering near 3%. Low rates present buyers with a golden opportunity to lock in a low monthly payment for the life of their loan. If you’ve been waiting for low rates, they’re already within reach. DM me if you’re ready to take advantage of today’s mortgage rates.

One of the major story lines over the last year is how well the residential real estate market performed. One key metric...
09/22/2021

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year.

Every region in the country is experiencing at least a 14.9% increase in home price appreciation, according to the Federal Housing Finance Agency (FHFA). According to the U.S. National Home Price Index from S&P Case-Shiller, every major metro is seeing at least a 13.3% growth in prices.

But what about price appreciation in 2022? Prices are the result of the balance between supply and demand. The demand for single-family homes has been strong over the last 18 months. The supply of houses available for sale was near historic lows. However, there’s some good news on the supply side. Realtor.com reports:

“432,000 new listings hit the national housing market in August, an increase of 18,000 over last year.”

Yet, most forecasts call for home price appreciation to moderate in 2022. The Home Price Expectation Survey, a survey of over 100 economists, investment strategists, and housing market analysts, calls for a 5.12% appreciation level next year.

Price appreciation is expected to slow in 2022 when compared to the record highs of 2021. However, it is still expected to be greater than the annual average of 4.1% over the last 25 years. If you owned a home over the past year, you’ve seen your household wealth grow substantially, and you’ll see another nice boost in 2022. DM me today if you’re thinking of buying, as prices are forecast to continue increasing through at least next year.

In today’s sellers’ market, standing out as a buyer is critical. Here are five things to keep in mind when it’s time to ...
09/16/2021

In today’s sellers’ market, standing out as a buyer is critical. Here are five things to keep in mind when it’s time to make an offer.

1. Know Your Budget

Knowing your budget and what you can afford is critical to your success as a homebuyer. The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. It also enables you to act quickly when you’ve found your perfect home.

2. Be Prepared To Move Fast

When homes are selling fast, staying on top of the market and moving quickly are key. After you’ve worked with your agent to find the home that suits your needs, they’ll help you put together and submit your best offer as soon as possible.

3. A Real Estate Professional Can Lead You to Victory

Agents are experts in the local real estate market. They have insight into what's worked for other buyers in your area and what sellers may be looking for in an offer. It may seem simple, but catering to what a seller may need can help your offer stand out.

4. Craft a Strong, Fair Offer

In such a competitive market, emotions and prices can run high. Having an agent to help craft a strong, fair offer is critical in these situations. Your agent can help you understand, the market value of the home, recent sales trends in the area, and current buyer demand.

5. Understand the Seller’s Needs, but Resist Waiving Certain Contingencies

Your trusted real estate advisor will help you consider which levers you could pull, including contract contingencies (conditions you set that the seller must meet for the purchase to be finalized). Of course, there are certain contingencies you don’t want to give up, like the home inspection.

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10275 N De Anza Road
Cupertino, CA
95014

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Monday 8:30am - 5:30pm
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+14087613506

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