Buyers seem to be hesitant in making a commitment to one house over the other–taking their time to see homes and less eager to make an offer.

Perhaps this is an effect of the last six months of REOs and short sales. Once you get used to playing the field and submitting muliple offers on multiple properties, sometimes it's hard to see a "normal" sale and commit to pursuing just that one home. Which home to buy ordinarily is a multi-faceted decision of economics, suitability and emotion. But, when you deal with foreclosures it's like gambling. You learn to not get attached to any one home as the best offer gets it.

A good offer on a "normal" sale is still what I recommend in terms of making that commitment. Having the option to negotiate with the seller is a great benefit! Terms can be worked out in a matter of days or hours, rather than weeks and months!

It's hard to say. The right locations and right prices are going to sell regardless of economics and market woes. The higher-end homes are taking longer to sell. There is just less demand for $1M+ properties, and 3 to 4 months ion the market even in prime locations seems to be a fair expectation.

It's not unusual to see a slow in the rental market and real estate market around tax day, graduation season, back-to-school season, and then the holidays. Basically every three months then you'll see a wax and wane regardless of the economy.

In lower-priced markets I've seen fewer new listings this month. Some feel there will be a new wave in June of short sales and REOs. It makes sense that there may be peaks every 90 days based on the foreclosure process.

3622 Warner Drive, San Jose CA 95127

Wow! Location, location, location! Huge, huge yard with views of the hills gives you that feeling of almost being in the country. On almost ¼ acre, this home has so many possibilities with space for a pool, garden, play area, outdoor kitchen….or ?? Spacious great-room style floor plan with light & bright living room with formal dining area. Big, big kitchen with informal dining room off one wing. Large 4 bedrooms and 3 baths, too! House is approximately 2954 square feet.

Click here to view the virtual tour. For more information on this home please go to our real estate site www.stevenlarson.com and click on the Spotlight Properties.

Ray Callison will host an open house on Saturday, May 23 from 1 to 4pm at the 2/1.5 home in Cupertino at 19014 Tilson Avenue. This is a new listing that is a rehab/rebuild on almost 1/4 acre lot. The value is in the land! Stop by with or without your agent and contractor if you'd like to see this home. We will be looking at offers next week. It's not a short sale or REO….so the seller will make a decision quickly.

We have a new listing in Cupertino at 19014 Tilson Avenue. This is a major fixer or rebuild on almost 1/4 acre (11,250 SF). For more information on this property, click here go to our real estate site listing.