Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Selling in San Mateo : Real Estate Advice

  • All201
  • Local Info18
  • Home Buying79
  • Home Selling15
  • Market Conditions3

Activity 16
Fri Oct 3, 2014
Lee Ginsburg answered:
Jamie,

In our area it is quite common. Does not affect the value. For my knowledge it does not affect your health as long as it is covered and not disturbed.
As others stated if removing it is your budget go for it. Otherwise not and just disclose it. Many improvements offer a good return when selling. This one does not.
Lee Ginsburg -Prudential. www.leesellsmore.com
... more
0 votes 9 answers Share Flag
Tue Aug 19, 2014
ratsyfrank answered:
Yes. The bank makes all decisions on what to accept and the terms.
0 votes 34 answers Share Flag
Sat Jul 19, 2014
Steve Quintana answered:
Give us more information so we can understand your question better.
0 votes 5 answers Share Flag
Fri Jul 18, 2014
Phyllis McArthur answered:
Tom, it doesn't sound right, we as professionals must do the right thing for the seller.

Traditionally if 2 offers come in, that are exactly the same, 2 counter offers would go out to the 2 buyers to get the best and highest bottom line for the seller. It is what I have done in one situation last year. I'm not in this business to make a new "best friend" in my office, I'm in this business to do the right thing for my client. ... more
0 votes 8 answers Share Flag
Mon Sep 30, 2013
Tony Grech answered:
Yes it will have an impact, however the extent really depends on the lender. As the others said, it depends on how they report it to the credit bureaus, but also it depends on whether or not you become late on your payments.

A lot of times, the lender will require that you demonstrate hardship in making the current payment in order to grant you a modification. Sometimes they won't even talk to you unless you are behind and facing foreclosure. This has the most serious implications to your credit.

What I would tell you is this: if you are facing a difficult situation and you need a modification then you shouldn't be worried about your credit score. Unfortunately you will probably have to choose what is most important to you (keeping your home or maintaining your credit score), and you cannot have your cake and eat it to.

I hope this helps. Best of luck!
... more
0 votes 3 answers Share Flag
Thu Aug 15, 2013
Barry Shapiro answered:
Certainly, it's worth calling your lender to ask. Your down payment contribution is not relevant to your qualifications. Plan to submit mountains of personal financial information and apply for a loan modification initially. I hope this helps! ... more
0 votes 151 answers Share Flag
Thu Aug 15, 2013
Alexander Greer answered:
I was just looking through old post and I noticed yours. If you were not able to refinance at the time of the post, I can certainly help you out now. You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.

Alex Greer
NMLS #1056079
... more
0 votes 8 answers Share Flag
Fri Jun 21, 2013
Maria Cipollone answered:
A signed contract is a legal obligation, albeit not always an unbreakable one, but a legal obligation nonetheless, and holds a lot of water in court. Generally, though, they are far fewer outs for sellers in home sales than for buyers.

This is what it could happen to the seller if he decided not to sale at the last stage, the buyers or their attorney, would write a letter to you explaining the legal consequences of not closing on the agreed upon sale. If seller still don't budge, the attorney may file a "specific performance" law suit against you, possibly with a "lis pendens" against the title, which will not only keep you from selling his house to another buyers, it will keep you from refinance it.

Best of Luck,

Maria Cipollone

www.Flahomespecialist.com
... more
0 votes 9 answers Share Flag
Sun May 19, 2013
Juliana Lee answered:
I would recommend either a tax professional or a CPA and offer to provide any real estate information they needed. I would also recommend a couple lenders who are very good at residential real estate loans but I don't know how much help they could provide for a business loan.

I have neither a tax preparation nor an accounting business on the side. When I have a client seeking to sell or buy real estate in an area I am not familiar with, I help them find a top local agent.
Once I even went to Virginia to help a very long term (20 years?) client connect with a strong agent.

San Mateo real estate statistics at http://julianalee.com/san-mateo/san-mateo-statistics.htm

Juliana Lee
Top 2 agent nationwide at Keller Williams Realty, the nations largest
Cell 650-857-1000

Over 20 years experience
Over 1,000 homes sold in San Mateo and Santa Clara Counties
... more
0 votes 2 answers Share Flag
Tue Mar 29, 2011
Craig Kay answered:
It may not be the best offer, but you would be a fool not to take the first offer very seriously as it may go away if neglected. If they are serious enough to make a qualified offer, have the decency to respond...and take the emotion out of it if at all possible ... more
0 votes 14 answers Share Flag
Tue Jun 22, 2010
Gilbert Richards answered:
HOA demands have been crazy. I had an HOA ask for $275 just to fill out a condo questionnaire.
0 votes 8 answers Share Flag
Sat Jun 19, 2010
Gilbert Richards answered:
It depends on the county and there are 9 of them in the Bay Area. To get an idea you would need to tell me the sales price, and county and I could give you somewhat of an estimate.
0 votes 6 answers Share Flag
Fri Jun 18, 2010
Christine Duncan answered:
Hi Jamie,
I think there are multiple reasons for the long period of "coming soon" signs:
- Early marketing of the listing; the property may not be ready to show but the agent wants to let neighbors and people driving by know that it will be on the market soon and they can contact him now to find out more about it.
- Many times the property is undergoing renovations that take longer than anticipated and the property doesn't go "active" as soon as expected.
- Getting the listing agents name and phone number out there; potential sellers and buyers frequently contact listing agents from yard signs, which can turn into new clients for that agent.
... more
0 votes 10 answers Share Flag
Wed Apr 8, 2009
The Medford Team answered:
Jay:

Thanks! And yes ... we've answered this question more than once before! :)

This is a great forum for getting answers - don't hesitate to ask.
0 votes 6 answers Share Flag
Search Advice
Search

Followers

291