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Rivermark and Silicon Valley Realty
  • Home
  • Received a Postcard?
  • Search
    • How much is My Home Worth
    • MLS Search
    • Featured Listings
    • Rivermark Listings
    • Miraval Condos Sales Activity at Rivermark
    • Mission Terrace Condo Sales and Activity and History
  • Listings & Solds
    • Our Listings and solds
    • Master Certified Negotiator at your service
    • Steve Mun Group Home Selling System
    • How Our Clients Benefit
  • Marketing
    • Professional Quality Photography = Higher Sale Price
    • New Technology- 3D Virtual Tours
  • Rivermark Area
    • Miraval Condos
    • Mission Terrace Condos
    • Things to do around Rivermark and Silicon Valley
    • Rivermark Area Homes and Lifestyle
    • Rivermark Area Future Developments
    • Google Transit Village aka Downtown West
  • About
    • About Steve
    • Testimonials
  • SMG’s Facebook Page
  • Mobile App
  • Accessibility
  • DCMA
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Rivermark and Silicon Valley Realty
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What does it mean when more homes fall out of contract in Silicon Valley

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Steve Mun Group CA DRE #01358433 ,01/16/2017




http://blog.sfgate.com/ontheblock/2017/01/16/sale-...


This is one of the factors we, in the real estate industry, look for in anticipation of a shifting market. What we call TFT (Transaction Falling Through) rate can be seen as a barometer of how buyers feel about their purchases once they are in contract. In a hot or increasing marketplace, TFT rates are low and buyers want to push through with deals to avoid competition. However, in a shifting market, TFT rates will increase as buyers will look for reasons to back out of deals. The reasons could be numerous: appraisal value not coming in, inability to lock in favorable rates, better deals coming along after getting into contract, or simply buyers deciding they don’t want to buy this particular property.


Regardless of the reason, when a deal falls out of contract, the subsequent contract price is typically lower the second time or third time around: very bad news for sellers. So this number should be taken into consideration along with data which tracks other trends like the number of days it is taking to get into contract, the sale to list price ratio to determine the intensity of the competition and the costs to borrow.


There is no solid determining factor as to when the Real Estate Market is shifting. We typically learn about the shift quite a bit after it has taken place. All we can do is try to look for trends which can guide us in formulating the correct direction where the market is headed. What are you trying to do in the Real Estate space in 2017?


 

 #siliconvalleyrealestate  #realestatenews #realestatesales #siliconvalleyrealestatemarket #siliconvalleymarkettrend  #santaclaracountymarkettrend #siliconvalleymarketreport #santaclaracountymarketconditions #kwsv #kellerwilliams #stevemungroup #whoyouhireabsolutelymatters #work #realtor #realestate 


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2110 S. Bascom Ave. #101Campbell
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