LOS GATOS, Calif., Oct. 22, 2019 /PRNewswire-PRWeb/ -- The Leading
100, REAL Trends' annual guide to the top 100 Bay Area real estate
professionals has, in conjunction with LuxeSF, San Francisco magazine, and Silicon Valley
magazine, named Julie Wyss the #29
top professional in the SF Bay Area.
With over $100,000,000 in sales in
2018, Julie has a deep understanding of the local market. She knows
what it takes to buy and sell homes at the best possible price,
even in a market fraught with anxiety.
"Inventory has increased, and interest rates are low, so it's
very buyer-friendly—but it's not technically a buyer's market. If
anything, inventory levels still point to a seller's market," says
Julie. "Baby boomers are moving out in droves. They're escaping the
traffic, long lines, and the high intensity of Silicon Valley,
which opens up the market to an influx of qualified millennial
buyers. That, coupled with low mortgage interest rates, makes this
a key time to snap up property close to the biggest tech employers
in the world."
But many buyers are nervous about jumping into the market as it
ebbs from its height of $1.7M in some
Bay Area counties. "The tech industry is bringing in buyers from
all over the world," says Julie. "These buyers—young, dual-income
tech couples—want homes that are as close as possible to leading
employers like Google and Apple because they work extraordinarily
long hours and don't want to waste time sitting in commute traffic.
They also want access to great schools, and they're willing to pay
top dollar for that."
This means the smartest people in the world who command top
salaries from the world's most coveted tech employers are the
buyer's competition. Buyers who wait out the market to save a few
thousand dollars on asking price could spend those same thousands
on higher interest rates or a longer commute. "Jump on these low
interest rates," advises Julie. "Because as soon as the market
stabilizes, mortgage rates will likely rise."
In other words, it's still a good time to buy.
Julie has advice for sellers too, "Sellers are worried their
home will sit on the market and go through multiple price
reductions before selling—and that is happening—but it's a
byproduct of overpricing. Sellers are frustrated that they missed
the peak of the market, and they're having a hard time letting go
of the higher home prices of 2018."
But Silicon Valley real estate prices are no longer at their
zenith, and homes are only worth what buyers will pay for them.
"Despite a certain level of anxiety, buyers are feeling more
powerful with the higher levels of inventory, so negotiations are
fierce," Julie warns. "The best thing sellers can do is face the
fact that they missed the peak of the market and just enjoy the
high sales prices their homes will bring them simply because of
their prime location in Silicon Valley."
To contact Julie, call 1.408.687.2026.
http://www.juliewyss.com
About Julie Wyss:
Julie offers full-service residential real estate services to
buyers and sellers around the San
Francisco Bay Area. She is nationally recognized in the Wall
Street Journal as one of the elite top 1,000 agents in the country
and consistently ranks in the top 100 Bay Area agents by The Bay
Area Leading 100. Learn more at juliewyss.com. BRE# 01350871.
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SOURCE Julie Wyss