Home Buying in Gilroy : Real Estate Advice

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Joyce Sloan, Real Estate Pro in Cambrian Park, CA
Joyce Sloan answered:
We has been move out the house last 4 years, untill now the bank not yet taking it. should we move back in untill the bank give us noted?
Hi Angie,
I would need more information in order to help advise you. If you'd like to call me we could discuss your situation further.
Best Regards, Joyce Sloan, Coldwell Banker R ... more
0 votes Share Flag Sun Jan 6, 2013 Home Buying in Gilroy
Bob Lasswell, Real Estate Pro in Morgan Hill, CA
Bob Lasswell answered:
I am trying to find a realtor bthat deals with bank owned houses bthat are up for rent to own
Banks do not usually want to rent their REOs. They want to sell them as quickly as possible. Rent to own are rare anyway.
0 votes Share Flag Fri May 31, 2013 Home Buying in 95020
Mike Walters, Real Estate Pro in Hollister, CA
Mike Walters answered:
Modular homes: What is the general price range for a 3br, 2 ba? Positives and Negatives?
Hello Lyn,

The term: "Manufactured home" includes two types of homes: Mobile Home and a Modular Home.

Mobile homes are delivered to the sight on their own axels and w ... more
0 votes Share Flag Wed Oct 14, 2015 Home Buying in Gilroy
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
Seems expensive for a 1970 mobile home. Can you comment!Looking for something reasonable in Gilroy, I'm a pensioner and have a limited income...
Since no link is visible, either directly contact the listing agent, or any local agent/realty office can also help, they all have access to the same information, or consider working wi ... more
0 votes Share Flag Sun Oct 30, 2011 Home Buying in Gilroy
Laurie, Home Buyer in 95020
Laurie asked:
0 votes Share Flag Thu Sep 15, 2011 Home Buying in Gilroy
Norman Aless…, Real Estate Pro in San  Jose, CA
Norman Alessandrini answered:
6870 Eagle Ridge Drive, Gilroy was pending and in a preforeclosure status for months. It is no longer listed on the MLS. Did it sell or foreclose?
Hi Alicia,
As of right now it is a pending/ no show Short Sale,the price had been reduced to 849k it has an estimated closing date of 5/28/10,( I don't know how accurate this is, ... more
0 votes Share Flag Wed Jun 2, 2010 Home Buying in Gilroy
CCC, Home Owner in San Diego, CA
CCC answered:
I have had a pending offer on a property for two months and have been waiting for bank approval. It is a cash offer without contingencies. Why is the?
The expirience is that firts offer get tired of watting and walk away.
Check with listing agent that new offers are back up offers.
Listing agent duty is to have a willing , pre app ... more
0 votes Share Flag Wed Jul 3, 2013 Home Buying in 95020
Norman Aless…, Real Estate Pro in San  Jose, CA
Norman Alessandrini answered:
I am in the process of buying a short sale. In the last two days I have been told four different prices the bank will accept, and each one gets
Hi June,
Sorry to say most banks when negotiating prices do it verbally ( that doesn't make it right, it's just the way it's done ) What I would have my agent do is if t ... more
0 votes Share Flag Tue Oct 6, 2009 Home Buying in Gilroy
Gary Frimann…, Real Estate Pro in Gilroy, CA
Gary Frimann CRS, GRI answered:
Put bid on short sale in march. finally hear from listing agent, bank has finally conted her and house could
You claim to be working with an agent. Your agent should know what to do.
There really is no use asking anyone else.
Have your agent do their job, as this is just one of the many, m ... more
0 votes Share Flag Wed Aug 19, 2009 Home Buying in 95020
Glen Mitchell, Real Estate Pro in Half Moon Bay, CA
Glen Mitchell answered:
What's the process to get a tenant to move from a duplex? I'd like to purchase and live in a duplex. Thanks!
Best bet is to purchase and have it a condition of the contract that tenant moves out prior to close of escrow. That way you don't have to deal with an eviction or a bad tenant.

Gle ... more
0 votes Share Flag Wed Jul 3, 2013 Home Buying in 95020
Mark Anthony…, Real Estate Pro in Cerritos, CA
Mark Anthony Ruiz answered:
What to do when your agent will not submit your offer?
Leroy,
It comes down to trust. You MUST trust your agent. There are three markets tday. REO's, Short sales and Regular sales. All three must be attacked with different strategies. I ... more
0 votes Share Flag Wed Jun 10, 2009 Home Buying in Gilroy
Norman Aless…, Real Estate Pro in San  Jose, CA
Norman Alessandrini answered:
I am a first time home buyer trying to figure all of the nuances out.
Hi Maggie,
PS, and Pending Show mean the same thing, it means that the seller has accepted an offer from the buyer but contingencies have not been removed ( it means the buyer could st ... more
0 votes Share Flag Sun Jun 7, 2009 Home Buying in 95020
Glen Mitchell, Real Estate Pro in Half Moon Bay, CA
Glen Mitchell answered:
If I come in with all cash on a short sale, will this speed up the process? I hear that short sales can take
Interesting question. I have not had an all cash buyer, but a lot of the time spent on the process is on the banks end of which you have no real control over. They need to get all inf ... more
0 votes Share Flag Tue May 19, 2009 Home Buying in Gilroy
Ailynne PeBe…,  in San Leandro, CA
Ailynne PeBenito answered:
Thanks for great info. My sister is in the process of buying a short sale home. They say 1 bank is involved.
Hello Denise,

There are a lot of factors involve in a short sale...process is never short. You need to arm yourself with a lot of PATIENCE. I was just wondering if that accepted offe ... more
0 votes Share Flag Sun May 10, 2009 Home Buying in 95020
Chris Mabry…,  in Tucson, AZ
Chris Mabry SRS,e-PRO answered:
what is the short sale procedure?
Hi Denise,
A short sale is when a seller owes more on their home than it is worth. Pretty common in our current market. The seller has to submit a request to their mortgage holder, ... more
0 votes Share Flag Sun May 10, 2009 Home Buying in Gilroy
Anna Rubchin…,  in Cupertino, CA
Anna Rubchinskaya answered:
My family is moving from out of state (3 children in middle school). It has been suggested to us that Gilroy
Hi there,

Gilroy is pretty rural, and prices have fallen there dramatically. I think that Morgan Hill is a lot more suburban, which can be a plus if you want to have more of a commu ... more
0 votes Share Flag Sat Sep 27, 2014 Home Buying in 95020
Karen Wisne, Real Estate Pro in Westerville, OH
Karen Wisne answered:
Need info on a Quit Claim Deed
Marc, that is a strange addendum. Seller's generally use a Grant Deed in CA.

You should consult your Title Company/Escrow Company for legal advice, if not a regular attorney knowleg ... more
0 votes Share Flag Fri Apr 10, 2009 Home Buying in Gilroy
Glen Mitchell, Real Estate Pro in Half Moon Bay, CA
Glen Mitchell answered:
Is this an unusual clause in the seller's contract on a foreclosed property?
yes, I've seen many similar clauses. Glen
0 votes Share Flag Fri Apr 10, 2009 Home Buying in Gilroy
CJ Brasiel, Real Estate Pro in San Jose, CA
CJ Brasiel answered:
Need FHA advice - Buying rural home on well. FHA guidelines says well agreement needs to be updated.
Fancy -

I have asked some friends to chime in but the bottom line, FHA can make certain requirements about many things including shared wells.

From the HUD site - it clearly outl ... more
0 votes Share Flag Wed Mar 4, 2009 Home Buying in Gilroy
Marty S,  in Irvine, CA
Marty S answered:
Will FHA loan on REOs and Short Sale?
Yes they will. Sit down with a local mortgage broker and discuss your pre approval options.

I am a mortgage broker. If I can be of service, please let me know!

Martin Smith

P ... more
0 votes Share Flag Fri Apr 3, 2009 Home Buying in Gilroy
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