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Ken Glidewell

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Not all cities are in the Doghouse...

07-13-09
Ken Glidewell

I have been telling my Palo Alto clients that the city has seen an increase in pricing the last few months and finally the media has witten an article confirming what I had been saying.

See the link to the original article written by the "San Francisco Business Times"...

Palo Alto prices up in May '09, http://tinyurl.com/pv5wst

Sometimes it can be gratifying get reinforcement of your thoughts.

Thanks!!

For more information please email me at: kglidewell@pacunion.com or visit my website at: http://www.KenGlidewell.com

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Palo Alto & Menlo Park, what is happening?

05-18-09
Ken Glidewell

Along with San Francisco, I track home sales in Atherton, Palo Alto & Menlo Park, CA just to name a few.

And last week, several Menlo Park properties that had been on the market for some time, all went pending or sold.

In Palo Alto, a new listing came on and sold within 2 weeks with double digit number of offers and 200K+ over the asking.

Now I know many of you will be referencing the media's negative perspective of the real estate market. But I am telling you that there are parts of the Bay Area real estate market that are ignoring the downward conversation.

Be smart, this time of year families are wrapping up their current school year and preparing for summer vacations and the like. But they are also making home selling and buying decisions that will be in place before the next school year begins. So call your "professional" agent and get a real market perspective and walk away from people giving you uninformed analysis, like the guy at the deli counter.

Prepared by: Ken Glidewell for questions or a vendor referral just email me at: kglidewell@pacunion.com

or visit my website: http://www.KenGlidewell.com

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Spring Home Maintenance

03-31-09
Ken Glidewell

Well Spring is here. And before you get too busy going to soccer games, sailing on the bay or playing ultimate frisbee remember to pay some attention to your home.

Here is a checklist on a few spring cleaning items:

Clean your windows so the sun can shine in.

Pull out the pation furniture, rinse them off and check all the nuts and bolts.

Check the irigation system, don't want to waste any water.

Freshen up the garden with some new plants and flowers.

Have the carpets and area rugs cleaned.

Change the air filters in your furnace and air conditioning systems.

Clean out the gutters...one more time.

Now, go sailing!!

Prepared by: Ken Glidewell for questions or a vendor referral just email me at: kglidewell@pacunion.com

or visit my website: http://www.KenGlidewell.com

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Buying property in 2009

02-28-09
Ken Glidewell

I have represented alot of buyers in the last 18 months and I would like to take this time to share some of these simple but necessary experiences.

1. Buyers stay in constant communication with your preferred lender. As the market and economy transition it will be important to stay on top of very key elements like: interest rates, down payment requirements, terms and appraisal requirements. All can torpedo a deal in the most inopportune time, trust me.

2. Buyers please stay on top of the market trends as presented by your real estate agent. various districts in San Francisco are hot and others are dead. So make sure you are following the market closely so you can present the right offer and terms given the conditions you are presented.

3. Buyers stay focused and TRY to not get distracted with external influences that may cloud your judgement. This can be as simple as work issues, family medling, lack of sleep or just not eating properly.

4. Be realistic. The days of "no doc" loans are gone. Please take the time at the begining of the search process to realistically identify the correct price point that you can afford and if more than 4 months go by make sure you honestly re-evaluate this price point to stay on target. It is so critical these days.

Buying a home is a major business transaction and it should be handled accordingly.

For a "market update" give me a call or send me an email with the area you would like to have evaluated.

Ken Glidewell, kglidewell@pacuion.com http://www.KenGlidewell.com

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SF Market Update 20090224

02-24-09
Ken Glidewell

Today (Tuesday) is the weekly brokers tour day in San Francisco. Having gotten use to minimal inventory and over priced property.

I was glad to have observed that "today" there seems to be an incremental amount of new and reasonably priced properties on tour.

We are still at low inventory levels but at least there are now properties that have potential for a willing buyer.

Mark this date in your calendars!!

If you have questions or comments please email me at: kglidewell@pacunion.com or visit my website at: http://www.KenGlidewell.com.

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