Market Analysis for 14840 Corralitos Lane

COMPARATIVE MARKET ANALYSIS FOR 14840

San Jose, California

AN INTRODUCTION

This complimentary Comparative Market Analysis (CMA) was created especially for you to establish the value of your home in the present market and thereby determine the price at which it should be marketed.

We have compared and reviewed your home against other homes currently on the market, whether for sale, under an agreement, or recently sold. While your home is undoubtedly unique, analyzing the market by looking for homes that have a similar style, location, features, and/or condition provides a great insight that can be leveraged to maximize the potential value of your home.

The comparative process is known as the “market approach to value” is widely used by appraisers and agents. It is recognized and accepted as the reliable method of valuing residential real estate.

When selling residential properties, it is critical to not only appreciate the statistical value but also maximize the opportunity as well as the intrinsic and emotional value.

We have included an overview of our professional commitment to service, our brokerage’s connectivity, and our dedication to ensure that your home receives the most sophisticated strategies and solutions through our innovative platform of services. We look forward to working with you.

Regards,

Thao & Brian

MEET OUR TEAM

Wendy Brevik Director of Operation

Everett Wong Business manager

Ashley Bledsoe Marketing Director

Corey Alverson Creative Director

Hilary Saunders, Broker R.E. & Tax Attorney DRE# 01834648

Brian Ng Co-Founder, Partner DRE# 01348634

Thao Dang Pham Co-Founder, Partner DRE# 00846794

ABOUT US

Block Change Real Estate is led by acclaimed agents Thao Dang and Brian Ng, who bring first-class luxury real estate services to a discerning Silicon Valley clientele. In 2003, they were named the #1 team in the U.S. and world, and they have been among the industry’s top producers for over 39 years. Highly regarded, Lilican together with Thao and Brian as a Team continue a multi-decade run of trust, respect, and achievements that their clients fully know and appreciate.

If you’re looking for the kind of marketing expertise and strong negotiating skills that ensure the smoothest transactions and result in top-dollar outcomes, Thao Dang and Brian Ng Real Estate Group is the agent for you. As the premier brokers of Silicon Valley’s luxury homes market, our team has long-standing affiliations with numerous recognized professionals throughout the region. We maintain a firm foothold on the area’s most desirable properties, and prospective clients continue to seek them out.

Block Change Real Estate, providing the utmost care for clients is a top priority, and you can be assured that they always have your best interests in mind. Giving back to the community is another passion: they stay active in many charity organizations and serve on several boards. To their current clients and those they will be honored to one day serve, your trust in them demands only their most sincere and dedicated service. For the team at Block Change Real Estate, it’s never about anything less.

HIGHLY RECOMMENDED BY YOUR NEIGHBORS

⭐ ⭐ ⭐ ⭐ ⭐

Paul K. Evergreen, San Jose

“Selling your house within the Silicon Valley market can be a process wrought with peril. When my wife and I decided to sell our home of 26 years, we interviewed many agents and agencies and ultimately hired Brian Ng and his Block Change Real Estate team. Brian’s experience, extraordinary competency, and his second-to-none negotiation skills found our home sold at a price that both exceeded our expectations and those predicted by all of the local comparable sales reports. In summary: we sold at top dollar with a minimum of stress and leave the process feeling assured that no one but Block Change and Brian Ng could have delivered this outcome! Selling? These are your guys!

Greg Staszko, Silver Creek Valley Country Club, San Jose

kristydiep, Sunnyvale

We had such an amazing experience with Block Change Real Estate. We can not praise them enough. We were worried as we’ve been told by a lot of family and friends that buying a house is really stressful. But our experience was everything but stressful. Brian and Thao both were in communication with us from the beginning (which kept us at ease). They answered all of our questions, giving their honest opinion and kept us in the loop during the whole process. When we found the home we loved, we put an offer in and closed less than 25 days (crazy fast)! I was so impressed with Brian during the bidding war. I was worried we didn’t offer enough and I didn’t want to lose the house. I asked him if he thought we should offer more. He replied that we should hold firm and that he wants to see what he can do without having to add more money to our offer. In the end, he was right. We held firm and got our dream home. He’s the best real estate agent there is! He’s knowledgeable and has your best interest! I have been (and will continue) to tell all our friends and family about Block Change Real Estate! We are beyond pleased with our experience and you will be too!

“From the first day, Thao and Brian were on top of the sale of our home. They gave us a very clear and understandable picture of the market for our home and outlined what they were prepared to do as well as what we should expect. On the first showing, they produced interested qualified buyers. COVID and the related financial crisis took those buyers away, but Thou and Brian persevered, and we were able to sell at our price and on our terms. Throughout the process, we were kept well informed. We could not have asked for a more well organized or better executed process than that provided by Brian and Thao.” - We know Thao Dang due to our long time relationship at SCVCC. Block Change is the best Realtor in Silicon Valley and especially at SCVCC. They had a buyer lined up with all terms agreed to before we even signed the listing contract. The entire process from start to close of escrow was less than 10 days. Our lasting never hit MLS. No surprises-everything smooth. The only real estate firm to use!

With any marketing strategy, it is essential to research the market conditions that are currently influencing the marketplace and the value of its products. “Market Value” is the highest price at which a property will sell on the open market, given a reasonable time period to find a qualified buyer.

What a property is truly worth — whether that is higher or lower than the selling price — and what a buyer is willing to pay for it, is known as the “Fair Market Value” as the following criteria influence the buyer:

• Location of the property

• Condition of the property

• Prices of similar properties on the market

• Recent sales of competitive properties

• Buyer demand

Typically, market conditions are not in your control but choosing to use an agent with extensive experience in the local market, a respected reputation, and who implements a proven comprehensive marketing strategy could make all the difference in MAXIMIZING THE TRUE VALUE OF YOUR HOME. The following key factors affect the sale of your home and are, for the most part, in your control:

• Availability of financing MARKET FACTORS:

• Price

• Terms

• Condition

• Marketing Programs

• Value

CONTROLLED BY:

• Seller

• Seller

• Seller

• Block Change Real Estate

• Buyer/Market Conditions

COMPARABLE LISTED & PENDING SALES

SETTING THE PRICE

When setting a price for your property, we must strike a balance between the best possible return and the buyer’s need to get the best value. With our experience selling more than 3,100+ homes since 1983, Thao Dang and Brian Ng Real Estate Group can help you set a price that will accomplish both objectives.

What is a listing price, and how can you determine the best price to sell your home?

The listing price, also known as the list price, is when you decide to put your home on the market for sale. While it is usually a starting point for negotiation and not necessarily the final sale price, it can significantly influence the home’s final price.

To ensure a successful sale, setting a good listing price is essential. This is because a well-priced home will attract prospective buyers and sell quickly. However, it is vital to note that the actual selling price may vary depending on market conditions and the initial price listed.

Given the current market conditions in East San Jose & Alum Rock Area, with not much demand for houses over $1Million range - Most Sales in this zipcodes and neighborhodd under $1 Million

THE WINDOW OF OPPORTUNITY

The “Window of Opportunity” is the period in which your home will receive its maximum exposure — typically when it is new on the market.

In order to capitalize on this window, your home must be ready for sale: priced at Fair Market Value, prepared to showcase its features and attributes, and a marketing strategy implemented to increase exposure further.

MAKING THE MOST OF INITIAL INTEREST

EAST FOOTHILLS SAN JOSE

Welcome to Alum Rock and the Berryessa Neighborhood provide the best action for thrill seekers. Drop in at California’s largest skate park, Lake Cunningham Regional Skate Park, shoot 200 feet down an enclosed capsule at Raging Waters (northern California’s largest water park) and hike in Alum Rock (California’s oldest municipal park). Everywhere you look you’ll see stunning views of the Santa Clara Valley from these East Foothills neighborhoods.

This area features countless restaurants and dives of all flavors. You’ll find delicious Mexican and Asian fare around every corner. Alum Rock expands upward on highway 130 toward Mount Hamilton where you’ll discover farm to fork at GrandView Restaurant featuring spectacular views of Silicon Valley. And at the top (the Bay Area’s highest point) you’ll marvel on the universe at Lick Observatory, the world’s first permanently occupied mountain-top observatory. Limited telescope viewings are given allowing visitors the opportunity to see the universe from one of the world’s most powerful telescopes.

STEPS TO A POSITIVE SHOWING

A great first impression is the key to selling your house. Most buyers select their home based on emotion and then justify the decision with facts, so making the house look great is important. Remember, you have just a few seconds to create a winning first impression!

FIRST IMPRESSIONS

How your property appears from the outside is important. To make a good first impression on a buyer, a clean driveway, a freshly mowed lawn, or a trimmed hedge will work wonders. Do a critical inspection of the exterior of your property, paying special attention to the condition of your windows, shutters, screens, and gutters. One of the first things a buyer will notice is the need for painting. If your property looks like it needs painting, many buyers will form an unfavorable impression. Elsewhere, little things count. Make sure the front door is spotless, including the doorknob, and that the windows gleam.

CLEANLINESS COUNTS

Once inside your property, one of the key factors that influence its appeal to a buyer is cleanliness. Most important are the front hallway, the kitchen, and the bathrooms. Do a room-by-room cleaning, and don’t forget any out-of-sight areas because that’s often where a discriminating buyer will look first.

The state of the carpets can also be a determining factor. At the very least, have your carpets cleaned, and if they are worn, it’s wise to replace them or remove them if there is hardwood underneath.

LESS IS MORE

Clutter makes a poor impression. In closets, cabinets, kitchen countertops, and other storage areas like basements, remove anything not needed for daily housekeeping. To make each room in your property look larger, get rid of or donate unnecessary furniture. Walk through your property and think: “Less is more.”

REPAIRS

Make sure everything is in good working order. Dripping faucets, squeaky steps, and loose doorknobs can easily create a bad impression and reduce the value of your property. A few hours spent on repairs, whether by yourself or a tradesman, can pay big dividends when an offer is made.

LITTLE THINGS COUNT

It’s easy to improve the appearance of any room. You may want to replace worn rugs or small pillows, put new towels in the bathroom or brighten up a room with a vase of flowers. Work Together. Get all the members of your household to work together when it comes to getting – and keeping – your property ready to view. By getting everyone into the habit of spending a few minutes tidying up every morning for an afternoon showing, you improve your chances considerably.

PROFESSIONAL PRINTING & DIRECT MAIL

PROFESSIONAL PHOTOS - VIDEO & VIRTUAL TOUR

We utilize a team of professional photographers and videographers who understand how lighting, composition, framing, and details can bring a space to life.

We will also use Matterport 3D Technology to create a virtual walkthrough of the property.

They will create a video to focus on the home’s floor plan. It will showcase all of the rooms: formal living room, grand foyer/entrance, formal dining room, spacious kitchen, family room, dining room, plus all bedrooms, etc. Your floor plan is a popular design and highly desirable among current homebuyers in our area.

If needed, the videographer can produce a lifestyle video to show some of the ways homeowners can enjoy the home’s living spaces and spacious backyard. It can display an event with family and guests socializing and enjoying the unique amenities of the property.

TWILIGHT IMAGES - DRONE & AERIAL IMAGES

DIGITAL & SOCIAL MEDIA MARKETING

With 95% of home buyers beginning their search on the internet, we want to ensure that your home will receive maximum online exposure. As part of our marketing plan, your home will receive unparalleled exposure to consumers and Realtors across the globe through our extensive online partnerships.

SINGLE PROPERTY WEBSITE: Your property will have its own website: www.youraddress.com. Before going live on the MLS, our marketing team will create the website and its contents.

This unique website will provide property details and a photo gallery. This marketing strategy is very beneficial in this fast-paced market. It helps build momentum and bring local and international attention to your home.

COMING SOON CAMPAIGN: We will start marketing your home before going active on MLS Listings. We look at the most essential pre-launch strategies and statistics and target prospective buyers, agents/brokers, and neighbors who will be the most engaged and excited about your neighborhood.

Prospective buyers know your listing is coming and will sign up for the latest updates. This signup form will collect contact information and we can schedule an appointment to show your home to these people once when we go live. The coming soon marketing strategy is what drives that immediate flood of traffic to a new listing launch.

LINKEDIN, FACEBOOK, INSTAGRAM, TWITTER, AND OTHER SOCIAL MEDIA MARKETING PLATFORMS: Our marketing team will utilize our social media pages to feature your home to our network of real estate agents/ brokers, past clients, and potential buyers.

A PLATFORM FOR 24/7 WEB EXPOSURE

PRE-SALE DISCLOSURE PACKAGE

Before submitting an offer, all interested buyers must review, read, and approve the disclosure package.

• All required government-related real estate disclosures forms to be reviewed and signed – There are about 60-70 documents needed for the Local, State, and Federal governments and lending institutions.

• Homeowner Association documents (HOA): If applicable, these are ordered by the Title company. It is customary for the seller to pay for the preparation of the HOA documents.

• We will open escrow and order a preliminary title report – We will obtain the report and review it to ensure no liens or encumbrances are incorrectly recorded on the property. We will review any information related to property usage: Easement, Cloud title, or any documented information that affects the property used.

• We will order NHD Report for your property. It is an evaluation to see if your house is within a designated hazard area.

• Order Home warranty for the property, if desired by the seller

• Order Property inspections including Home, Termite, and Roof, as well as other applicable inspections needed such as Pool or foundation

• Obtain an appraisal to ensure the home value for prospective buyers, if necessary

OFFER & NEGOTIATIONS

MARKET ANALYSIS

A market analysis report will be compiled from a system that tracks your showings, all Realtor and buyer feedback, as well as our marketing effectiveness on your home. This report provides you with an in-depth analysis and a comprehensive list of actions, recommendations, and objectives.

FINALIZING THE SALE

Before the sale becomes final, a myriad of details must be attended to, including offers, counteroffers, inspections, disclosures, contingencies, loan documents, insurance, mortgage approval, and escrow items. This final step can be overwhelming with all its moving parts. Whatever the next step may be, know that we are here to guide you through this final process — to keep in constant communication, track the proceeding, and keep things on schedule.

We would like to thank you for giving us the opportunity to present this preview of the marketing services we can offer you and your property.

We’d be pleased to assist you with the sale of your present home and the purchase of your next home, and the next one, because we’re not just providing a service, we are building a relationship. Please let us know when we can be of service.