Joe

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Need an agent that can help us buy a foreclosure in bay area.

Asked Tue May 13 2008, 23:43 by Su - 95070 - Home Buying - 13 answers

Joe answered:

It seems that you might be under the impression that foreclosures and short sales represent a bargain relative to higher priced regular sales. Remember that there are many, many other buyers who think the same, so the competition will be much more intense relative to a regular sale. The transaction itself is also more complex and will take longer to execute with a lower chance of completion.

I think that you should be realistic and look for a reasonably priced regular sale instead. - Fri May 16 2008, 19:39

Has it ever been worse for move up buyers??

Asked Fri Apr 18 2008, 13:23 by Joe - 94085 - Market Conditions - 8 answers

Joe answered:

Thanks Ali, your answer makes sense. But how long will 94085 remain a 'less than desirable' neighbourhood relative to the rest of Sunnyvale? It still strikes me as odd that such a central silicon valley neighbourhood is behaving more like Gilroy or Manteca. Maybe rising gas prices will help home values here? - Fri Apr 18 2008, 19:32

Can you tell me more about the area 94085 in Sunnyvale?

Asked Wed Apr 2 2008, 18:30 by toni - Sunnyvale - Home Buying - 3 answers

Joe answered:

I am bias as we are trying to sell. But that being said I think 94085 is one of the most underrated areas in the entire county. Sure the public schools are not top rated but there are plenty of nice tree lined neighbourhoods, low crime, central location and a $200-300K saving over houses of exactly the same size 2 miles south. When gas hits $4+/gallon people will realize that commute time and expense really are an issue. - Fri Apr 18 2008, 13:30

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