In real estate, I’ve always believed that understanding value is one of the biggest advantages you can have as a buyer or seller…but most people don’t actually understand what really drives value. In this week’s video, I share insights from a California appraiser with 25 years of experience, and it clears up a lot of the mystery (and anxiety) around appraisals.
One of the biggest surprises for many sellers is that appraisers usually see the purchase contract before they ever step into the home. That contract price matters because it reflects what a real buyer and seller agreed to in the open market, and it often helps frame the appraiser’s research. In fact, the very fact that a buyer and seller agreed to a price for home sold on the open market is the single biggest determinant of value for that particular home.
Another misconception is that staging, décor, or “vibes” directly impact what a home is worth. Appraisers focus on measurable things: condition, functionality, quality, and needed repairs. If there’s an issue like deferred maintenance or smoke damage, it’s typically handled through a cost-to-cure lens, not emotion.
I also learned why the “best comp” isn’t always the closest house. The strongest comparable sale is the one that requires the fewest adjustments once you account for home features, condition, and utility.
Bottom line: an appraisal isn’t a verdict on your home’s worth, it’s a documented opinion based on data and rules. When you understand the process, you can prepare smarter and negotiate with more confidence.
Sell As-Is. Sell Easy. Sell Smart!
From the Bay Area Wayback Machine
San Jose Approves First Berryessa Subdivision (March 4, 1955)
The San Jose Planning Commission approved Berryessa Highlands Unit No. 1, the first major residential subdivision in the Berryessa area. This decision marked a significant turning point, signaling the transition of the region from primarily agricultural land to suburban development. The approval paved the way for new housing and population growth, reflecting broader postwar trends as cities expanded to accommodate increasing demand for residential communities.
Sylvania Breaks Ground on Defense Electronics Lab (March 6, 1953)
Sylvania Electric Products, a leader in electronic defense technology, broke ground on a new $1 million facility in Mountain View for its Electronic Defense Laboratory. The project reflected the growing importance of advanced electronics during the early Cold War period. The new facility was intended to support research and development in defense systems, contributing to both national security efforts and the expanding technological foundation of what would later become Silicon Valley.
UC Berkeley Acquires High-Energy Synchrotron (March 3, 1947)
The University of California, Berkeley announced the acquisition of a 300-million-volt synchrotron for use at its Radiation Laboratory. This advanced particle accelerator enabled scientists to study atomic structures and high-energy physics at unprecedented levels. The addition of the synchrotron strengthened Berkeley’s position as a leading center for scientific research, supporting postwar advancements in physics and contributing to a deeper understanding of fundamental particles and energy.
This Week in Silicon Valley
San Jose Turns to Housing Vouchers to Fill Struggling Downtown Tower
San Jose leaders are launching a new housing voucher program aimed at filling hundreds of empty units in a downtown high-rise while expanding access to below-market housing. The initiative targets a 23-story luxury apartment building known as The Fay, which has struggled with a vacancy rate of about 60% since opening.
Through the program, the city will act as a master tenant for 197 apartments, subsidizing rents for middle-income residents earning roughly 80% to 110% of the area median income. Tenants will pay reduced rents based on income, while the city covers the difference using funds from Measure E.
Officials say the effort could stabilize the building, boost downtown activity, and support local workers. However, the subsidies are temporary, with rents expected to rise back to market rates over time, raising concerns about long-term affordability.
Steep Canyon Rangers
Date: Wednesday, March 4
Time: 7:30 pm – 9:30 pm
Location: Montalvo Arts Center, 15400 Montalvo Rd., Saratoga
Steep Canyon Rangers deliver a powerful mix of traditional bluegrass and modern Americana, rooted in North Carolina’s rich musical heritage. With masterful musicianship and the soulful addition of Aaron Burdett, the performance blends heartfelt songwriting with the timeless energy that defines their sound.
Hands-On Pasta Making: Lasagna alla Bolognese
Date: Wednesday, March 4
Time: 6:00 pm – 8:00 pm
Location: Eataly Silicon Valley, 2855 Stevens Creek Boulevard, San Jose
Roll up your sleeves for a hands-on culinary experience focused on crafting Lasagna alla Bolognese from scratch. Guided by a Scuola Chef, participants will learn traditional techniques and savor the rich flavors of this classic Italian dish.
Kings Return
Date: Thursday, March 5
Time: 7:30 pm – 9:30 pm
Location: Montalvo Arts Center, 15400 Montalvo Rd., Saratoga
Kings Return brings a rich, resonant a cappella sound that first captivated audiences through viral stairwell performances. Blending gospel roots with contemporary influences, the quartet delivers powerful harmonies shaped by both tradition and innovation. With a Grammy-nominated album to their name, their music continues to resonate far beyond social media beginnings.
Lunar New Year Celebration with Santa Clara Family Health Plan
Date: Thursday, March 7
Time: 10:00 am – 2:00 pm
Location: 408 N. Capitol Ave., San Jose
Celebrate the Year of the Horse with a vibrant community gathering filled with culture, wellness, and family-friendly fun. The event features live entertainment, a health and resource fair, festive performances, interactive activities, and special treats for all ages. It’s a joyful opportunity to connect, learn, and welcome the Lunar New Year together.
Time to talk to a REALTOR?
