94301 : Real Estate Advice

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Terri Vellios, Real Estate Pro in Campbell, CA
Terri Vellios answered:
What percent of homes in the $850K - $1.1M range are purchased in cash? Thanks!
This is an interesting question. Is there a time frame and specific area for which you are interested in the data? If it was the last month in Palo Alto? Single Family Homes? It can ... more
0 votes Share Flag Wed Mar 23, 2011 Home Buying in Palo Alto
Philip Roy, Real Estate Pro in Las Vegas, NV
Philip Roy answered:
Another question on PA low end homes: will a 4bd/2ba without a family room get more money than 3bd/2ba with family room?
Hello Mindy,

Typically bedrooms are more important than a family room provided that there is a common seating area such as a living room or if one of the bedrooms can be converted in ... more
0 votes Share Flag Mon Mar 14, 2011 Home Buying in Palo Alto
Terri Vellios, Real Estate Pro in Campbell, CA
Terri Vellios answered:
we are buying a 95 year old home built in 1915 and we are getting a inspection what should we really look for in that inspection whats the most import
Check with your agent. Termite, foundation (perhaps), roof, chimney, electrical, & plumbing, You will want to really check out the electrical and plumbing. Possibly a sewer late ... more
0 votes Share Flag Sun Feb 10, 2013 Remodel & Renovate in Palo Alto
Jennifer Her…,  in Royal Palm Beach, FL
Jennifer Hernann answered:
Would being an owner of a corporation (small business) affect my ability to get a mortgage?
Hello Timothy,
I have a lender who could go into great detail and point you in the right direction. We work closely together and I refer all of my clients to him. His name is Scott ... more
0 votes Share Flag Wed Mar 2, 2011 Financing in Palo Alto
John Souerbry, Real Estate Pro in Fairfield, CA
John Souerbry answered:
Is it true that MLS reports the "last listed price" of a property as the "sale prince" for purposes of statistics and comps? If
Sorry, not true. When an agent closes a sold listing in the MLS system, they are required to list the actual sale price. The record for the property will then show the original listin ... more
0 votes Share Flag Tue May 17, 2011 Home Buying in Palo Alto
Marcy Moyer, Real Estate Pro in Palo Alto, CA
Marcy Moyer answered:
Eichler Homes vs. Traditional: all things being equal, which costs more?
There is one problem with your question, the homes will not be in the same location. Eichler built homes in neighborhoods in Palo Alto, not individually. Homes on Palo Alto have more s ... more
0 votes Share Flag Mon Apr 25, 2011 Home Buying in Palo Alto
Marcy Moyer, Real Estate Pro in Palo Alto, CA
Marcy Moyer answered:
Eichler homes in Palo Alto; how much to heat one?
It is a little difficult to give you a number because it depends on the square footage of the home and the type of heat. They were originally built with radiant heat systems but many of ... more
0 votes Share Flag Tue Mar 1, 2011 Home Buying in Palo Alto
Ivy Magsaysay, Real Estate Pro in Sunnyvale, CA
Ivy Magsaysay answered:
Palo Alto Low end homes: garage or carport?
HI Phil,

I believe it does. In spite of the fact that fewer people park their car in the garage these days, garage is still a valuable features that a lot of buyers look for over ca ... more
0 votes Share Flag Tue Apr 9, 2013 Home Buying in Palo Alto
Dallas Texas, Real Estate Pro in Dallas, TN
Dallas Texas answered:
Moving from Williamsburg, Brooklyn to Palo Alto area with girlfriend. What are the best areas within 40min of stanford that are safe / inexpensive?
Are you looking to rent ? Or purchase? Much is governed what you qualify for buy OR your monthly rental budget
0 votes Share Flag Sun Feb 27, 2011 Moving in Palo Alto
Terri Vellios, Real Estate Pro in Campbell, CA
Terri Vellios answered:
"Palo Alto is different". Yeah right. See 1102 Emerson: http://www.redfin.com/CA/Palo-Alto/1102-Emerson-St-94301/home/1391500
It wasn't only Palo Alto people bought into. Everything just kept appreciating so quickly buyers jumped on the band wagon.

The reality is Palo Alto is a very desirable area and ... more
0 votes Share Flag Wed May 18, 2011 Home Buying in Palo Alto
Pacita Dimac…, Real Estate Pro in Oakland, CA
Pacita Dimacali answered:
What Bay Area Peninsula / South Bay cities' condo/townhouse prices are expected to appreciate?
The first thing you should ask yourself is how much can you afford to buy because there's a world of difference in prices of all the areas you mentioned. Further, each city will ha ... more
0 votes Share Flag Tue Apr 9, 2013 Home Buying in Palo Alto
Terri Vellios, Real Estate Pro in Campbell, CA
Terri Vellios answered:
Looking for a duplex in Mountain View or Sunnyvale area for 1031 exchage. I have a rental house in Palo Alto. Does anyone know any seller of duplex ?
You don't have to do a direct exchange to facilitate a 1031. You can use an intermediary company. There are rules if you are not familiar with 1031 and the intermediary facilitat ... more
0 votes Share Flag Tue Nov 5, 2013 Home Buying in 94306
Tammy J Smith, Real Estate Pro in Knoxville, TN
Tammy J Smith answered:
In Palo Alto, an offer I've received requests that I (seller) pay eveything from escrow, title, county transfer tax & inspections. Is this?
You are the one in control essentially you can counter offer. Your Realtor regardless of where they are located should look out for your best interest. There is no standard practice. Ea ... more
0 votes Share Flag Fri Dec 3, 2010 Home Selling in 94303
Keith Manson-…,  in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
Contingency for the mortgage?
Being self employeed makes the loan application process more difficult than if you have a normal job that generates w2's. So it appears that the lenders may be more conservative w ... more
0 votes Share Flag Fri Nov 12, 2010 Home Buying in Palo Alto
Norma Atterb…, Real Estate Pro in Lafayette, LA
Norma Atterbury answered:
What do you think about buying a 100 year old house if it's in good outside condition?
I would ask the listing agent if there are reports on the property. If there are I would carefuuly read them and ask lots of questions.
Norma
0 votes Share Flag Wed Nov 10, 2010 Home Buying in Palo Alto
Arn Cenedella, Real Estate Pro in Greenville, SC
Arn Cenedella answered:
Appraisal came $20.000 less than offered price on a BOA property?
Do you have a real estate agent representing you? If so, you should ask your agent.
Do you still have a financing contingency in place?
Without knowing all the details and having a c ... more
0 votes Share Flag Wed Nov 17, 2010 Home Buying in Palo Alto
Kevin Olson,…, Real Estate Pro in Colorado Springs, CO
Kevin Olson, Jessica Laude answered:
We are looking into Palo Alto for condo or single home. Now condos are good to okay but $500 HOA? Too high for condo. Homes are very old & very
I've never seen an HOA fee that high per month. If the fees include utilities, all lawn care, trash removal, community grounds with pools and tennis courts, it could maybe go that ... more
0 votes Share Flag Sun Oct 24, 2010 Home Buying in Palo Alto
Kevin Olson,…, Real Estate Pro in Colorado Springs, CO
Kevin Olson, Jessica Laude answered:
Apartment Rental
Hanson,

The situation above might also require the co-signer to live at the residence and not just sign for it. The eviction would be the reason for this as typically someone living ... more
0 votes Share Flag Tue Oct 19, 2010 Rental Basics in 94303
Terri Vellios, Real Estate Pro in Campbell, CA
Terri Vellios answered:
rent vs own in Palo Alto CA
Depends on your goals and finances. There is a rent vs own analyzer on line which may assist you with the financial aspect. http://www.vlender.com/cgi-bin/calc/rent_vs_buy.cgi
0 votes Share Flag Fri Apr 6, 2012 Rent vs Buy in Palo Alto
Brian LeBars, Real Estate Pro in Pleasanton, CA
Brian LeBars answered:
How would you (home buyer or sellers) define the best local agent? Would in be by the number of homes they sell or the their sales volume?
Easy, someone who comes by referral, who you connect with and is a skilled negotiator.


Best, Brian!
0 votes Share Flag Thu Sep 23, 2010 Home Buying in Palo Alto
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