Sat10252014

Business & Real Estate

Transactions

Los Altos

54 Citation Drive, B. & S. McKibben to Clifton Trust for $1,320,000

1536 Country Club Drive, McCarver Trust to Dempsey Trust for $5,500,000

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Realtors share safety tips with sellers

Many hearts in the realtor community remain heavy as they mourn the recent loss of one of their own.

Arkansas real estate agent Beverly Carter was found dead a few days after she went missing following a home showing. A suspect in Carter’s disappearance who admitted to her kidnapping has been arrested.

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Transactions

Los Altos

872 Clinton Road, Chesnut Trust to Y. Zhang for $1,908,000

15 Deep Well Lane, Tierney Trust to Kendall Trust for $2,300,000

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The importance of walking through the real estate buying process

The proliferation of information about real estate on the Internet is staggering. In fact, research shows that most buyers today go to the Web first in their search for a home.

A realtor still brings value to the transaction. Real estate websites may be able to give buyers basic information on homes for sale, but they cannot replace the knowledge, expertise and insight that the realtor can give a buyer.

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Transactions

Los Altos

4388 El Camino Real No. 336, S. & A. Lew to Kao Trust for $988,000

2081 Huntington Lane, Summers Trust to R. & W. Scheiter for $2,350,000

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Mortgage experts see more growth ahead

Mortgage industry officials recently told Silicon Valley Association of Realtors members to plan for more growth over the next two to three years because of continued economic momentum in the Bay Area.

Opes Advisors CEO and President Susan McHan and Chief Investment Officer and Principal Mark Duvall offered a positive outlook on the national and local economy. They noted that consumers are in the best financial position in years – there are more jobs, disposable income is up and retail sales are robust. In addition, the S&P 500 index is 22.7 percent higher than one year ago, corporate profits are up, inflation remains largely in check and housing is stabilizing nationally.

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Transactions

Los Altos

633 Almond Avenue, D. Blackburn to A. Bourgan for $3,125,000

1417 Ernestine Lane, L. McAllister to M. Shing for $1,425,000

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