Palo Alto : Questions & Answers

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Arn Cenedella, Real Estate Pro in Menlo Park, CA
Arn Cenedella answered:
Where is flood zone in Palo Alto and what should I know about it before buying in the zone?
Vbp:
Generally the flood zone in Palo Alto is located in the areas immediately to the "west" of Highway 101.
Maps are easily available to determine specific location.
You a ... more
0 votes Share Flag Mon Nov 2, 2009 Home Buying in Palo Alto
Brendan Aiel…, Real Estate Pro in Burlingame, CA
Brendan Aiello answered:
How do I buy foreclosure home?
Hi Sophie,

Buying foreclosures is very similar to buying regular real estate.

I have sold many REO properties and would be happy to send you a list of just REO properties. Give me ... more
0 votes Share Flag Sat Oct 31, 2009 Foreclosure in 94301
Grace Morioka…, Real Estate Pro in Sunnyvale, CA
Grace Morioka (408-426-1616) answered:
I'm a first time home buyer.
Hello Jmark and thanks for your question.

To better assist you, a Realtor will need to know your housing budget--what are you qualified to purchase--and what you would like to see in ... more
0 votes Share Flag Tue Oct 27, 2009 Home Buying in 94303
Jordan Grand…, Real Estate Pro in Bend, OR
Jordan Grandlund answered:
Are there any bargains left in Palo Alto (e.g. - under $1 mil)? If so, which particular streets?
I'm a realtor in Bend, Oregon, but my sister in-law is a realtor on the Peninsula and I'm sure she'd be happy to help you look for a bargain in Palo Alto. Her name is Ce ... more
0 votes Share Flag Sun Oct 25, 2009 General Area in Palo Alto
Elizabeth J.…, Real Estate Pro in Northampton, MA
Elizabeth J. Herbert answered:
Special Warranty Deed
I would suggest that you call an attorney in your area as this is a legal question for a definitive answer. Also, I'd purchase Title Insurance!

From a real estate standpoint and ... more
0 votes Share Flag Mon Jan 4, 2010 Home Buying in Palo Alto
Trapdoor, Home Buyer in Palo Alto, CA
Trapdoor answered:
PA market condition?
I've got no special insight, but I'd guess the conditions you describe are the result of the fact that the more affluent you are the more you can afford to "wait out" ... more
0 votes Share Flag Thu Oct 15, 2009 Market Conditions in Palo Alto
Diyar Essaid, Real Estate Pro in Los Altos, CA
Diyar Essaid answered:
Info about the recent transaction of 512 Colorado Ave?
The buyers' agent was:

Diyar Essaid
Coldwell Banker
650-949-8525
DRE#01335648
0 votes Share Flag Mon Oct 5, 2009 Market Conditions in Palo Alto
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
My parents and I want to buy a condo together.
What you're talking about is an equity-sharing arrangement. A real estate lawyer can help you properly structure it.

Basically, the agreement should lay out all the specifics. I ... more
0 votes Share Flag Thu Oct 1, 2009 Home Buying in Palo Alto
Jes Sierra,…, Real Estate Pro in Rancho Cucamonga, CA
Jes Sierra, B.Sc. answered:
What's a reasonable amount to charge a tenant to live with me in Palo Alto?
Supershick,

Check this website out www.rentometer.com
Also, check with a local property management company.

Good luck,

Jes Sierra, B.Sc.
Realtor®
0 votes Share Flag Fri Apr 9, 2010 Rental Basics in Palo Alto
Bill Mccord, Real Estate Pro in San Jose, CA
Bill Mccord answered:
Does anyone have more info about 531 Channing? It's a pending short sale but I was told that backup offers are always accepted.
Only the Listing Agent will be able to answer your question for certain as every bank has a different way of handling short sales. That particular agent may be willing to hold your offe ... more
0 votes Share Flag Fri Sep 11, 2009 Home Buying in Palo Alto
Grace Morioka…, Real Estate Pro in Sunnyvale, CA
Grace Morioka (408-426-1616) answered:
In the "addendum A first Addendum to contract" that I just submited, NO my spouse's name as a buyer, what could I do to add my
Hello Richard and thanks for your post.

Since this is an all cash deal to purchase an REO property, you have a couple of options:

1. Work with your Realtor to add your spouse ... more
0 votes Share Flag Tue Feb 21, 2012 Home Buying in Palo Alto
CJ Brasiel, Real Estate Pro in San Jose, CA
CJ Brasiel answered:
Community Center foreclosure?
Jonp,

1127 Harker is a pending sale. Listed at $1.8m and set to close escrow the end of September. Once it closes escrow, the final price will most likely be displayed on the MLS.
... more
0 votes Share Flag Wed Sep 9, 2009 Home Selling in 94301
Mark Burns, Real Estate Pro in Cupertino, CA
Mark Burns answered:
can an expert take a look at this?lots of mortgage bankers are saying a wave of foreclosure is entering the market from sept 15. why were banks?
Panic, hysteria, the world is coming to an end!

What is it we're looking at?

What 'mortgage bankers' are your referring to? How much is 'lots?'

There ... more
0 votes Share Flag Fri Apr 9, 2010 Market Conditions in 94301
Cindi Hagley, Real Estate Pro in Pleasanton, CA
Cindi Hagley answered:
up to 10 loans
Is this commercial or residental real estate? There are limits on the number of loans you can have at any one timeon residential. And commercial loans are pretty much impossible to get ... more
0 votes Share Flag Mon Aug 31, 2009 Financing in Palo Alto
Colleen Pye, Real Estate Pro in Cypress, TX
Colleen Pye answered:
Did anyone notice how fast 3490 Bryant St. sold?
There is a buyer for every house. Real estate in Houston is HOT. It is a great time to buy and sell here. I personally have not missed a beat.. it has been a great year. Much of the ne ... more
0 votes Share Flag Tue Sep 1, 2009 Home Selling in Palo Alto
Chris Sorens…, Real Estate Pro in California
Chris Sorensen answered:
Keep or sale?
Yours is an all too familiar tale. In order for one to answer this question accurately, it would be great to know what your actual income is. With this I could look at your front end ... more
0 votes Share Flag Tue Dec 15, 2009 Market Conditions in Palo Alto
Glen Mitchell, Real Estate Pro in Half Moon Bay, CA
Glen Mitchell answered:
new construction house without appraisal , Is safe ?
Hi Jen, it really doesn't matter what some site says your house is worth. Are you trying to sell it? refinance? etc. If so an appraiser will go off mls and county records and wil ... more
0 votes Share Flag Tue Sep 15, 2009 Home Buying in Palo Alto
Marge Draper, Real Estate Pro in Palo Alto, CA
Marge Draper answered:
This sounds rather morbid, but are the recent Cal Train suicides lowering the value of property in the flats
Well, it is morbid, but that's human nature. I don't think the value of property in South Palo Alto is lowering, first of all.

I think the worry is that this kind of thin ... more
0 votes Share Flag Tue Sep 15, 2009 Market Conditions in Palo Alto
Marcy Moyer, Real Estate Pro in Palo Alto, CA
Marcy Moyer answered:
historically, which city has better appreciation records, Palo Alto or Los Altos?
The closer you get to downtown, either Palo Alto or Los Altos the better your appreciation will be.
marcy
0 votes Share Flag Mon Jan 4, 2010 General Area in Palo Alto
Abe Mills, Real Estate Pro in Greenville, SC
Abe Mills answered:
permit issue
Hollie,
You can get a loan, but might need some modifications. I would talk this over with your martgage banker. Also, I would get the building department to come inspect it, and get i ... more
0 votes Share Flag Fri Apr 9, 2010 Home Buying in Palo Alto
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