Wed11262014

Business & Real Estate

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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Realtors share steps to repair identity theft

It can be a nightmare to repair the damage that occurs when you become an identity-theft victim. Not only can it cost a lot of time and money, but identity theft can also be very stressful to resolve, according to San Jose attorney Anita Steburg.

Last year, approximately 11 million Americans were victims of identity theft. Identities were stolen from mailboxes, trash bins and documents that contain driver’s license and credit card information. Security breaches at department stores and high-tech companies have made headlines recently.

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Report shows homeownership still builds wealth

A 2013 Federal Reserve survey revealed that homeownership declined over a span of three years, from 67.3 percent of families owning a primary residence in 2010 to 65.2 percent in 2013. However, the same study shows that homeowners are building more net worth than renters.

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Transactions

Los Altos

1570 Ben Roe Drive, AM Gaash Properties to Pegler Trust for $2,200,000

Mountain View

1111 Blackfield Way, Manser Trust to R. & C. Whitt for $1,720,000

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