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Property Q&A in North San Jose : Real Estate Advice

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  • Local Info1
  • Home Buying10
  • Home Selling1
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Activity 9
Mon Apr 21, 2014
Cindy asked:
I am looking to move in ASAP, but can also wait until June or July to move in. If someone could contact me via email (cindy.t.chu@gmail.com) or phone (916-803-3703), that would be great.

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Mon Sep 30, 2013
Juliana Lee answered:
As Joy said the last home sold there reported an HOA fee of $272. Looking back to 2005, the HOA was $205. The homes were built around 1991.

San Jose zip 95134 home values at http://julianalee.com/zip-code/95134-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 Santa Clara County and San Mateo County
.
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Mon Sep 30, 2013
Joy Bechdolt answered:
The HOA fee was listed at $260 in 2011, which is when it was last sold. This property is not currently listed as for sale.
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Tue Feb 26, 2013
Terri Vellios answered:
That was my listing, and it did close escrow in January. The new space rent to buyer was $1,360. The rents vary in all parks and you will find that prices for homes take into consideration the cost of space rent. The higher the rent the lower the price of the home. ... more
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Thu Feb 21, 2013
JOe Bidwill answered:
75 per year Joe bidwill jbidwill@keeferealestate.com
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Tue Nov 27, 2012
John Arendsen answered:
You really should start with the park manager of the park/communities you are interested in. You will have to fill out an application and be approved by them before you even make an offer on a manufactured home in a rent/lease park/community.

But before you purchase any manufactured home you should have the home inspected by an experienced manufactured home inspector and not just any home inspector.Make sure the home is level and that the pier and pad assemblies are in good shape.

Be sure the vapor barrier and insulation are in tact and not ripped, torn or lying on the ground. Have the inspector look for drainage issues i.e. standing water, soil erosion, expansive (clay soil), rusted and deteriorating piers and dry rotted or decomposing wood pads supporting the piers.

Most importantly make sure the home has an approved set of Earthquake Resistant Bracing installed under it as much of California is in a Zone 4 seismic area:

(http://www.google.com/search?q=seismic+zone+3+map+for+califo…)
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Sun Nov 25, 2012
The Medford Team answered:
Guess what … if it WAS available, I'd have bought it myself.

If the listing has the logo for RealtyTrac ...

Then what you are seeing is NOT an actual listing … it is an advertisement for RealtyTrac.

RealtyTrac is a provider of data for distressed homes. This data is used by investors and Realtors to track distressed homes. When you see the RealtyTrac logo, you are not looking at a home that is actually available for you to buy: what you are seeing at is either (1) the notice of default for one of the mortgages on the property in question, (2) a notice of an impending trustee sale or (3) a notice of a completed trustee sale.

RealtyTrac notices can be very deceptive because they usually give loan amounts, not the purchase price or fair market value. When and if this particular property hits the market, it will be at market price for the neighborhood.

Bottom line: RealtyTrac is trying to get you to sign up for their service.

The following links may be helpful:

When Is The Price Not The Price?
http://bit.ly/p11iq

It’s Too Good To Be True: REALLY – Top 4 Buyer Myths
http://bit.ly/4PKTHT

If you want to know when these or similar properties will actually hit the market, have a Realtor set you up with an auto-feed that will alert you the moment they become active on the MLS.

As for your question, “Will it be possible to buy a single family home that is foreclosed for 300,000 an under? The loan amount that is approved is 260,000. Then I have 40,000 to put down. I was looking 3 or 4 bedroom and 2 baths. Hopefully 1500 sq ft.”
A: Depends on where you want to buy. It won’t be in San Jose. Don’t assume you can get a foreclosed home for a bargain – in reality, they are priced pretty much the same as other homes and they are all on the MLS.
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Fri Jul 13, 2012
Norman Alessandrini answered:
Hi Mark,
What Kevin said is correct, you have to understand on any mobile home you will have to pay space rent. Some are more expensive than others and this units space rent is $ 735 a month.
I hope that helped.
At your service,
Allyson
408-705-6578
allyson@homesbyallyson.com
CDPE
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