Hello my name is Sunil Sethi, I am a licensed
real estate broker in California. More than likely you're in this section
to learn something about me, to see if you and I connect. I hope we can.
Here's a brief resume:
undergraduate and graduate degrees
- University of California at Berkeley,
BA Economics
- University of California at Los Angeles,
Anderson School of Business, MBA
- London Business School, course work in finance, strategy and
marketing
- University of San Francisco, Intensive Accounting Coursework
Licenses
- California Licensed Broker for Real
Estate and Loans
- California Licensed Certified Public
Accountant (inactive)
Associations
Work Experience
- SUNIL SETHI REAL ESTATE, Broker,
President
-
Show and Sell Realty, Broker Associate
Voted Best of 2006, 2005 Real Estate Firm by Readers of the Argus
Newspaper
-
SMA Financing, Owner, Broker
Voted Best of 2006, 2005 Mortgage Broker Firm by Readers of the Argus
Newspaper
- Morrison & Foerster, (Law firm)
Finance and Tax Manager, CPA (inactive)
-
Arthur Anderson, Tax Senior,
Financial Planner, CPA (inactive)
- Netscape, Business Development,
Marketing and Strategy
- Consultant, Helping early stage companies raise
money and acquire early customer
- Softface (acquired by
Ariba), Business Development, Marketing,
Sales
Education and analytics is
my forte. If you want to work with some, who knows real estate, likes to
pass on knowledge, is comfortable with numbers, taxes, mortgages, and can
do what if scenarios on the fly, than give me a call.
Personal Market Forecast -
Sept. 30, 2010
The market maybe changing
again. Things are still selling and I'm still getting multiple offers but
instead of 3-4 offers its like 2. As a seller show your property well, price
according to comps, and try to pick the buyer who's most likely going to
close (finances and love with property), and they're are still plenty of
buyers and new ones continue to come out - but they want a property which
speaks value to them, ready to move in, and will hold its worth if thinks
get worse.
Personal Market Forecast -
Oct. 26, 2009
Prices have improved in some
neighborhoods and are declining in others. Every home priced according to
the last sale gets multiple offers. However homes without relevant comps are
difficult for buyers to value or appraiser to appraiser. With this being the
last week to take advantage of the 1st time home buyer program, activity has
picked noticeable this week. However I don't expect any significant drop in
activity after this week, because the supply of homes is tight and rates are
expected to rise and this will also drive buyers to act now. Historically
prices are now were they should and should increase hopefully in a
reasonable manner in the years ahead.
Personal Market Forecast -
April 6, 2009
The market is definitely
getting excited. I looked at a home in Newark yesterday priced at $422,700.
This property needed about $50k of work. There's another exact model
property for sale that just came on the market asking $429,950, which will
get full price, and maybe more, because it's in perfect condition with
excellent upgrades. Even though the $422,700 property has been one market 55
days - think discount, a real estate agent has bid $390,000 for this
property - all cash, and close in 15 days. He should have bid $360-$370k. It
shows that people are behaving frantically. Even though this is a local
agent, he's obviously letting his emotions get in the way of his decision
making process. In the low end, I'm seeing a lot of buyers are out looking
for a deal, and most properties are getting multiple buyers. My advice to
all is stay cool. Love the home but don't bid more than current comps
suggest.
Personal Market Forecast -
July 15, 2007
The market seemed to be in a
lull the last 30 days, but looks to be picking up again. If you're buying in
the east bay outside of Fremont's Mission School's District, you'll find it
easier to buy. What that means is you'll be able to bargain and multiple
opportunities to view the property. It doesn't mean you chop 10% off the
price it sold for last year. If you want to do that go to Stockton, Mountain
house and other outlying areas. Good luck and call me if you want me to help
you find some bargains.
Personal Market Forecast -
May 25, 2007
The market is currently
location and segment sensitive. San Francisco and most of the peninsula
continue to be short on supply and plenty of buyers, with selling prices
going over listing. The same can be said of the Mission Area in Fremont.
However, the low end market is suffering, specifically the condo market.
Since sub-prime lending is gone, a segment of the entry level buyers is
effectively gone from the demand equation. The only way the low end can
improve is by new lending standards on "A" paper, which I don't see
happening or lower interests, which is also not happening near term. So I
expect continued weakness in the low end, mixed results in the middle, and
strength in the high end, especially for neighborhoods dominated by schools.
Personal Market Forecast -
August 8, 2006
It's definitely become a
buyer's market, however, there has been no free fall in the value of homes.
My advice continues to be that people need to live in homes, because there
is an intangible worth in living in a home that you own. So I'll say again,
if you like the property- Buy It, and don't if you don't like it.
Personal Market Forecast -
February 22, 2006
Looking back 2001-2005 we'll
remember it as the time we had really low rates and properties prices went
up too fast. 2006 is a year that is still not understood. However I do still
believe that as long as you are buying something you plan to live in for at
least 5 years, you won't lose money. Simply because the demographic
factors are on your side. Demand for housing is strong, and will remain so,
supply of new housing is constrained. CAR states that demand for 2006 will
be 250,000 units and supply will be at 200,000 units. So buy if you like the
property, and don't if you don't like it.
However if you are buying a
home less than $700K, please play with the Rent vs.
Buy Spreadsheet so understand the assumptions necessary for you to be
better off in buying.
