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Is this a good time to sell for a property on Rue Avati, San Jose?

Is this a good time to sell for a property on Rue Avati, San Jose? The reason I am asking this question is because of the BART rail road that is coming in that area. Basically is it better to wait since the market is picking up or better to sell because the railroad is coming up?
  • May 28 2013 - Berryessa
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Answers (4)

Profile picture for Sandykayhomes
BART is going to run along 880 it seems - far enough from Rue Avati that it won't hurt that property, only help it

However construction to Berryessa station may not be done until 2015 based on some reports.

Public transport as a single predictor of future value will not make the difference whether to sell today or in 2015. API school score increases would be a more reliable indicator as to value prediction. If the elementary school score is improving than the area is improving. If the score is going down than the area is not improving. The API score for Rue Avati has stayed about the same since 2010

Even this does not totally tell the story of market trends in the area. Age and size of the home and the demographic of the perfect buyer for that property is the key to final decision making
  • May 29 2013
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Well -- it is a great time to sell a property -- no matter where in Santa Clara County you are selling.  As property values are rising quickly,  the affect of BART,  once it is in -- will be relative to other homes in your area.  -- At the time of sale.  If your home will be affected negatively -- due to noise/location to the BART station -- it will be relative to the local prices of homes at the time of sale.  If it is far enough away -- yet close to BART -- it may get a positive boost in comparison to other areas. 

The real question -- will be where would you go,  and how easily could you afford your next home.  If you choose to sell -- at this time -- you will have to disclose the BART rail path and let the buyers decide --- without having the actual tracks to view. 
  • May 29 2013
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Profile picture for K.Anh_Tran
In general, property values in the area increase when access to public transportation increases.

That being said, having railroad tracks and trains running next to your property line will no doubt DECREASE your property value.

Some parts of the line are suppose to go below ground, so that might be less of an issue. 

For reference check out the follow sites regarding VTA/BART in Berryessa:

http://www.vta.org/bart/berryessa.html
http://www.vta.org/bart/

http://www.vta.org/bart/map2.php  (Construction Map)

http://milpitas.patch.com/groups/politics-and-elections/p/a-glimpse-at-the-future-berryessa-bart-station

http://www.mercurynews.com/traffic/ci_23004302/bart-extension-san-
jose-heavy-lifting-about-begin



There are other factors that will effect the value of your home besides BART. For example, the stock market could make a correction or the economy might get worse, which will also have major impact on your home value. Generally, I see home prices stable but trend up within the next 1-2 years IF the economy continues to hum along and interest rates remain low. 

Is it a bubble? I don't know, but there sure is a lot of demand.

So wait to sell if you can, otherwise sell now in a Seller's market.

  • May 28 2013
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Profile picture for Sandykayhomes
This is an unbelievably good time to sell a property. The market is not coming up -- it jumped up at the first of the year with property selling as much as 100K over what it did last year. The market is now stabilizing in some areas, short sales are down and bank foreclosures are way down and demand for housing far exceeds demand. This will shift again. Rather than the public transport that is coming in I would consider  interest rate changes going up that will affect your sales price net. The banks still hold a lot of inventory and they will start to release it-- this morning in a rather abrupt move the Senate elected to not forgive homeowners as much in short sales which will certainly start to drive up inventory there.

Rue Avati is a good area of San Jose and a lot will depend upon the size and age of the home to to see how well it will sell. I do a three phase market analysis of your home based on general data, specific area data and then home specific data to arrive at a list price and then work on a market strategy to get the most for your home

Lastly it is all about your future and what you plan to do that determines whether to sell. Knowing where you will move, how much it will cost  and your other financial goals and needs is crucial to answering the question of when to sell
  • May 28 2013
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