Herb Schmulewicz

"Realtor: Residential; inlcudes short sales"

I'm a:	Real Estate Professional
Company:	Pacific Coast Real Estate
Location:	Burlingame Daly City Foster City Millbrae Pacifica San Bruno San Mateo South San Francisco View all locations...
Phone:	(650) 784-1849

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Herb Schmule…'s Answers (23)

Has Pacifica home prices bottomed out? especially in Linda Mar Area?

Asked Thu Nov 6 2008, 23:23 by Confused Home… - Pacifica - Home Buying - 4 answers

Herb Schmulewicz answered:

I think if you find a home you like, you can simply submit an offer factoring in an additional 10-20% decline.
It's hard to say where the bottom is; however, I do think things will slow down even more, between now and next spring.. Just a guess based on the time of year. It could be a good chance for a buyer to pick up something at a discount. Keep emotions out of your decisions and make an offer you feel comfortable with.
Remember, even if the market declines a little, we are at lows right now, and trying to time the bottom and lock in a low interest rate at the same time, could be a challange.

Please contact me if you'd like some help. - Thu Nov 13 2008, 13:39

what does As is sale mean? If the inspection report shows some major problems i.e Gas, electricity. Can I?

Asked Mon Dec 3 2007, 15:59 by Jo - 94080 - Home Buying - 7 answers

Herb Schmulewicz answered:

I think some other the other responses are about the same.

"As is" means that the seller doesn't plan to fix anything; however, he/she is still obligated to disclose things that may be wrong. You don't have to go forwared with the contract, unless you have already released contingencies.

Does that make sense?
Feel free to contact me for more info.. No obligation.. I just like helping people..
Good luck - Thu Nov 13 2008, 13:31

Looking to buy in Pacifica (Manor or Linda Mar neighborhoods only)

Asked Sun Jul 27 2008, 21:33 by Confused Home… - Pacifica - Home Buying - 9 answers

Herb Schmulewicz answered:

I think if you look for something like a "short sale", you may come accross a good deal in the price range you want. On the other hand, if you are diligent and just take your time, you will find something.. It's a buyer's market, so don't be scared to submit an offer and see what sticks. You are in the drivers seat.

thanks - Thu Nov 13 2008, 13:23

REOs or Short Sales are probably your best bet.

I think the low 500s are available and my guess is if you wait until December, you will probably find the deal you are looking for. I am helping someone else right at this moment find something in South San Francisco, who had the same criteria as you and in fact just made an offer yesterday. It's a short sale. It's actual list price is over 600K, ;however, our offer is in his price range. Short Sales allow you to make low offers, and they are becomming easier..

Call me - if you want some help..

Herb Schmulewicz
Pacific Coast Real Estate
(650)784-1849 - Tue Oct 28 2008, 17:36

I have one right now that may fit your criteria. Please contact me... - Tue Aug 19 2008, 17:45

Where and how to check if I'm getting the best percertage for the loan?

Asked Sat Jan 12 2008, 17:05 by Andrew - 94404 - Financing - 5 answers

Herb Schmulewicz answered:

The short answer is that most of us can offer the same package. Yes, I do Real Estate as well as Mortgage Loans.

Make sure you are comparing apples for apples.
Decide and compare something like a 30 year fixed fully amortized loan, find out how much loan origination and processing costs are for starters. It gets confusing if you try to compare too much at one time.
I'm willing to quote you too.. just shoot me an email.

Good Luck to you.. - Sun Aug 31 2008, 21:00

What would a 3 bedroom, 2 bath home in the Laurie Meadows area of San Mateo be selling for? It seems like a

Asked Tue Jul 1 2008, 20:07 by Dave Crosetti - 94403 - Home Buying - 5 answers

Herb Schmulewicz answered:

Hi there,

I wasn't sure what exactly what you were looking for. The MLS, right now, has a few listings in that area, including a condo..

1101 PEBBLEWOOD WY $899,950 3 bedroom, 2 bath
121 WOODBRIDGE CI $1,149,000 4 bedroom, 3 bath
4226 GEORGE AV #4 $448,000 2 bedroom, 2 bath
1128 RAMBLEWOOD WY $849,000 3 bedroom, 2 bath

Good Luck ... - Sun Aug 31 2008, 20:51

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