They are at difference price points so the resale values will be different in 5-10 years.
For a decision like this, you should really sit down with a Realtor who's familiar with the south Bay to discuss with you.... more
Yes, in general, a swimming pool adds to the appeal of common developments like condos and townhouses as it offers external recreation space to the tenants. The actual value added to the homes in the community depends on demographics of the home owners and the weather in the area. In Milpitas, I've only occasionally witnessed some pool usage of community pools during the hottest weekends. So, the concept of a pool probably adds a lot more to home values than actual use. And, since the homeowners have to share in the maintenance of a pool, the net contribution in value is likely to be marginal, probably in the $3-5K range per unit.
Pool maintenance depends on the size and age of the pool. Smaller pools would run about $500 a month. Some of the huge Olympic-sized pools could run up to $5K a month.... more
You'll need to review the loan terms to know when a refinance is possible. Ask your Realtor for help.
As for trying to squeeze out an extra $5K by using the preferred lender and then going around them later, that's most likely a moot point if you're buying a new construction.... more
I too am dealing with my own home purchase as of right now. Costs to remediate the house due to mold in the basement has added a lot of stress, an the fact that we agreed to cut the cost in half with the seller. I am fine with that.... but.... the closing costs on a $155k home are coming in at about $15,000!!! Woooooiiieeeee. That's not even including the down payment which was already made!
If your seller is refusing to come down you can walk because the bank will not finance- and your contract will likely state that if you cannot get a loan, you will get your deposit back - read your contract over though.
Will the seller meet you half way at least? Or are they putting it all on you?
The ball is in your court. If you have cold feet, and are already resenting the house.... think about it.... more
Value is in the wallet of the buyer. Milpitas has been popular due, school scores, and location of commute for some people, and that prices tend to be a bit lower than comparable neighborhoods. The negative to Milpitas is the correction facility and smell from the landfill.
As for power lines there are two sides of the fence, some people believe there is health issues. If you call PGE they will conduct a free EMF (Electronic Magnetic Field) reading, and then they compare it to your every day household appliances. I was had a listing surround by a sub-station and the readings still showed your regular microwave was a bigger danger than the EMF. Keep in mind constant exposure vs not. The other issues with power lines is they could interfere with your regular electronics, if there is a tower within the fall line of the house and FHA loan could be problematic, and the main reason is resale. Other buyers ask the same question as you do on power lines.
Shapell is known as a good quality builder.
As for future, none of us here can predict that (if they can I want to know their secret). Typically a person who holds their property for over 7 years should be ok with values.
We can not speak to crime. There is a website www.CrimeReports.com you can check on.
Also, I suggest buyers knock on neighbors doors to ask their opinion, and visit the neighborhood at all hours of the day, night, weekends, and plan to test drive your own commute both ways. Since it is summer, you will not have the college traffic yet.
Ask your agent, these questions. That is one of the many reasons you hired them.... more
If you're looking to build on an unentitled and unfinished lot, you should expect around $400/sqft. If you can find an existing lot with utilities and you build around 3000-4000 sqft, then it can drop to about $250/sqft.
If you need to add any retaining walls or build on a steep grade, then you can easily add $100-200K to the project. Of course, if you choose higher end finishes on the interior, then the sky is the limit.... more
Noise is always a factor in resale. You can do research on how often and what times the freight trains go by that location. You can interview neighbors as well.
Noise is subjective and it often affects pricing which is probably one reason you are looking at the location because the price is lower.
I suggest you work with a Buyer Broker who will give you the answers you seek. They should give you a consultation, show you what is available, discuss the pros and cons of each home and give you unedited information so that you can make an informed decision for yourself and/or family.
As mush as us agents here want to help you there isn't enough information to truly give you what you need.
Have an Amazing evening.... more
It will depend upon your other current debt, how much of a down payment you would make toward a purchase and your income/debt ratio. It is best to submit all your financials to be analyzed by a mortgage lender. This is a free service to preapprove you. Your current situation (and past history) will determine what interest rate you will receive and how much of a house they will finance for you. If you would like a referral to a mortgage consultant, please email me through my Trulia profile.... more
When presenting the offer you will be including a short sale addendum which includes how long, minimum, you will be in contract for. This number is up to you, the buyer, but standard is more than 45 days for a lender to know that you are actually in the game.
If you put in an offer with a X day minimum then yes you will be in contract for that minimum stated time.
I hope this answers your question, if not do give me a call at (408) 840-3852 or Thomas.Feng@gmail.com
For detailed market reports, new listing photos, and interest rate reports check out my blog http://BayAreaConnect.com... more
Yes, there is a chance to sell your property by yourself.But question is how much? National association of realtor's survey shows agent's selling price is 12% to 18% higher than owner 's selling price.So you may higher a broker to get the best price.Good luck.... more
Homes that are prepared and priced right are moving very fast! Homes with too much price or too much work might stay longer. Buyers are ready, and it is a seller's market. We are seeing multiple offers, especially near good elementary and middle schools. It's a great real estate market to sell, better than in several years.... more
In what way is the seller's agent misleading anyone by asking the loan and appraisal contingencies to be removed? In my opinion, that seller's agent is being unusually helpful in this market, giving those financed buyers who truly desire a home a realistic chance to compete.
Of course, if you believe the market is not that hot, you can try submitting offers with the contingencies in place. There's nothing wrong with that. You just wouldn't get much of a response from the seller side.
And, paying the difference between the appraiser's valuation and your bid is not throwing money away. It's just bridging the gap between the appraiser's inherently rear-looking valuation method and the current market price.... more
Yes, go to http://www.vta.org/bart/index.html and you can see everything to do with the new BART route to San Jose, and sign up for updates, too. The only Milpitas station will be at Montague and Capitol near the Great Mall; there'll also be a station in Berryessa, between Berryessa and Mabury adjacent to the Flea Market.
Barbara Hunt, Realtor
Keller Williams Realty
What does your lender state? My lender has approved FHA in 14 to 17 days. And a full 30 day closing.
You should meet and select your agent. Meet and Select your Lender. Get a pre-approval, usually within a few days. Then go shopping for a house.
Have an amazing day!... more
Check out our interactive school, crime and commute maps on Trulia Local (www.trulia.com/local)-- it has some great info on school ratings form GreatSchool.org and reported crime.
--Daisy (Sr. PR Manager at Trulia)... more
You'll have to check your local building codes for ceiling height. But, if you were selling in Milpitas, you'd just need to have a decent size window and a closet to make it into a bedroom (in general).... more
It's natural to feel frustrated when offers are not accepted but may we ask you whether you have discussed the situation with your agent? How does your agent respond to the question as to why your offers have not been accepted?
Pacific Century Realty
Buyer Rebates to 50%... more
First of all your agent is at fault. If the Hoa is in litigation that would have been disclosed on listing before you ever went and looked at the condo. I just sold another one here and they were in litigation but I made sure the buyers knew everything and had them acknowledge so. Since you have no contingency on your loan approval, the seller has the right to take it. Not sure why you would pay that kind of money for earnest money, seems very high. If I were the buyer I would file damages against seller, agent, until I get mo money back. Thats alot of money to walk away from.
it is not uncommon for Hoa's and developers to get into a squabble. Its become more natural in the last 3-4 years. Good Luck.... more