The best place to buy home is determined by how much you can spend and what you expect, want and need for that price.
Right now in Santa Clara County inventory is low and buyers are competing for homes.... more
I don't understand the question. You are are not using a Realtor what does it matter what other people think of them?
By the way the word Realtor is a registered name of an Organization that Real Estate Agents and Brokers elect to be members of. A Realtor is held to a higher level of ethics and standards. I would expect that a "Realtor" is trusted and respected.
Not all Agents and Brokers are Realtors.
have an amazing day!... more
I would recommend that you check with a real estate attorney to have them assess your specific situation and to go over your options with you. They can tell you the pros and cons of foreclosure vs. bankruptcy vs. short sale vs. paying. Some attorneys are willing to talk to you over the phone for free to assess your situation and give you some basic advice. Your local Association of Realtors may be able to refer you to an attorney, or you can contact me and I can give you the contact information of someone in my area (LA's South Bay Area).
Caney Arnold, Realtor
You actually have a couple of choices. If your lender has told you that you are able to purchase your new home without having to sell your existing home then your in a great financial situation. Unless you are willing & able to rent out your existing home you may have two mortgage payments. If you are comfortable renting out your home, you can begin depreciating the home as an asset in your taxes. hopefully you will be able to make positive cash flow. Cash flow is how you will be able to finance your retirement someday.... more
Most recent MLS Data:
Past 3 months 9 single family homes have closed escrow. Of those 9 sold:
Price range from $395k - 1.06m
Smallest 3 beds/2baths 1368sf - Largest 4 beds/3 baths 3544sf
Lot range size .5 acre - 2.5 acre
Average Days On Market = 324
If you need more specific detail, please email me through my Trulia profile. Kind regards.... more
A while back I had noticed the same thing to a property that I was looking at for my clients, when I brought it to the attention of the agent they had stated that it was the bank who was increasing and decreasing the price. I brought it up with the association but never saw a response. Sooner or later the Real Estate agent will get into trouble for it, if I was you I would remember the agent and just do not do business with that person...... more
Their are several pending statuses on the MLS. PR, or pending release, most commonly means the sale is contingent on the sale of the buyer's home. Agents and sellers can put a release clause in a contract for any contingency but it usually means the buyer needs to sell their home before they complete the transaction.
The timeframe for a release clause is usually 72 hours. This means when an accepted backup offer comes in, the buyer is required to remove the contingency within 72 hours or the contract is void.
PS means pending sale but continue to show. This is the usual status right after a contract is accepted but the buyer has contingencies to satisfy such as inspections and financing.
PN means pending sale do not show. This is getting closer to closing and the buyer has most likely removed all of their contingencies.
Agents use the rules I have just described as guidelines. Occasionally a home goes directly from active to pending do not show. Occasionally, a home may have a release clause right up until the house closes escrow.
Your agent should consult with the listing agent of the home you are interested in and find out if there will be a possibility of you writing a 'backup' contract. If the listing agent feels the current transaction has a chance of falling apart, you may want to be the first in line without it going back on the market and being open to anyone else who may be interested.
Backup contracts are not common and may prevent you from purchasing the next home that comes up. You'll need a release from the backup before you can buy another home or you could end up buying two properties. A good agent is going to be able to counsel you on all of these issues.
Short answer: Skip the pending do not show properties. They're gone. The pending continue to show properties are probably gone too. Your agent should know how to handle all of this and advise you where to concentrate your efforts in finding a home.
Coldwell Banker Premier
Cupertino and Silicon Valley... more
That question should be answered by a loan officer that specializes in Reverse Mortgages. Also, you could check with a Real Estate Attorney. Personally, I do not think that there any conditions that you have to clear in order to sell a home with a Reverse Mortgage, providing that you pay your full debt at closing.... more