Gilroy Today 2007 05 May/April - Page 15

Peter Casper Loan Consultant Customized loan programs to meet your financial goals 790 First Street / Gilroy, CA 95020 / phone 408.804.3505 email / fax 408.848.5847 Fix-it project speed sale of homes A little extra work can mean not only a difference in how smoothly the sale of a home goes but how much it will sale for. Realtors will tell you that anything you do cosmetically to increase curb appeal is going to help the resale value. And the good news is that many improvements that have an impact on selling a home aren’t very expensive to do. And some tasks, such as giving rooms a fresh coat of paint, quickly pay off. Planning on adding a “for sale” sign to the front lawn? You might want to consider these five areas while creating you to‐do list. FIRST IMPRESSIONS COUNT The home’s exterior, the shrubbery, the gutters and the front door should all be kept fresh and clean. NEUTRALIZE AND DECLUTTER Neutral colors can have an added advantage of making a room appear larger. Remove all the clutter, basic spring cleaning: shampoo the carpets, rebuff hardwood floors and oil any wood cabinetry. CONSIDER REPLACEMENT PROJECTS Home buyers recognize the value of a house that doesn’t need major repairs. KITCHENS AND BATHROOMS RULE Buyers tend to be awed by updated kitchens and bathrooms. WARRANTY COVERAGE AND DOCUMENTATION Sellers can provide some extra peace of mind to buyers by purchasing a home warranty on their home that will cover such things as heating and plumbing should the buyer run into problems after closing. Quick Statistics GILROY Single Family Homes Condos/Townhomes Current Inventory 316 16 Percent of List Price received 98% 100 Median Price $780,000 $385,000 Average Price $786,164 $405,000 Average Days on market 98 67 New Listings 123 8 Mortgage Rates At-A-Glance 30 Year Fixed 6.125% 0.0 Pts 5.750% 1.0 Pts 30 Year Jumbo Fixed 6.378% 0.0 Pts 6.125% 1.0 Pts 5/1 Jumbo ARM 5.875% 0.0 Pts Interest Only 5.875% 0.0 Pts 5.500 1.0 Pts (April 2007 Data) MAY/JUNE 2007 GILROY TODAY 15