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Home Buying in 94087 : Real Estate Advice

  • All93
  • Local Info8
  • Home Buying41
  • Home Selling9
  • Market Conditions6

Activity 40
Sat Apr 8, 2017
Kathy Burgreen answered:
This is what keeps a quality neighborhood desirable. If buyers with lower incomes wanted to buy in this neighborhood, the value of neighboring homes would be reduced and residents would have paid more for their homes than it's worth. If you want to live in this area, buy a condo which is cheaper. Residents in the New York City area do this everyday. ... more
0 votes 1 answer Share Flag
Tue Jan 31, 2017
Krvitali answered:
In the strictest sense of the law, absolutely not. All offers are to be presented fairly and it is up to the seller to decide. If there are agents were it would tip the scales do you really want to work with that agent? They are doing something unethical and most likely in violation of the law. ... more
0 votes 22 answers Share Flag
Mon Jul 11, 2016
Abhishek Jain asked:
Can someone provide feedback for Ellis Elementary School? Is it worth to send kid to that school or recommend to move out to Cherry Chase/Cumberland district homes?
0 votes 0 Answers Share Flag
Sun Apr 3, 2016
Lihtnes78 asked:
your comments The soil in this area is considered "expansive" because it expands and contracts with the variations of the moisture
content. This may, in turn, cause movement in…
0 votes 0 Answers Share Flag
Mon Dec 28, 2015
The answer is simply how long do you think you will own that property?
If you know that you will be moving on after 7-8 years, then the 7 year fixed is relatively risk free.
If you feel you may be in a position to keep this home as a rental, it would make more sense to keep the 30 year fixed.
If you have any idea that you may be taking the equity out of this home, the 7/1 ARM is better for you.
It isn't always interest rate, but what your future plans are for the home.
... more
0 votes 5 answers Share Flag
Wed Jun 10, 2015
Sam Shueh answered:
dual agent is difficult to satisfy fiduciary duties. Often there are conflicting roles.
0 votes 3 answers Share Flag
Thu Apr 23, 2015
Sam Shueh answered:
not really. In SJ for example, they want you to replace it as part of street beautification....
0 votes 20 answers Share Flag
Mon Feb 16, 2015
Pat Kapowich answered:
You did not mention if a real estate firm listed the property. If so, brokerages do business with other brokerages. If you found a property that is owned by For Sale By Owner; many FSBOs like the idea of using a buyer’s agent, that way they have the protection of using real estate firms, agents and brokerages.
Caution; if you found a home owned by a senior citizen and you buy it at a low price, you could be accused of Financial Elder Abuse. In any case, you should sit down with a real estate attorney to learn why buyers against the seller file 80-90% of the claims in California; it might give you insight an industry filled with pratfalls.
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0 votes 19 answers Share Flag
Fri Mar 14, 2014
Ruth and Perry Mistry answered:
Same question many times.

Should the answers change.

Buy you loose money if you buy in Nimitz and then want to move
, simple !!

Nobody will promise you anything other than your lottery win.

Let me know what part you dont get ?

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0 votes 11 answers Share Flag
Tue Nov 12, 2013
Ruth and Perry Mistry answered:
Hi Manish

One needs to be weary. Here is why, lets say down the road you need to do an addition or
do Permit related work, and should the Permit Inspector enter your home and notice
a much bigger house than on County records then you are looking at a Red Flag

Also Insurance is unlikely to cover you for the un permitted part of the house.

If a neighbor reports you, then you will likely be in a world of hurt.

You will get away with the remodel, but not the "addition of square footage".

Call with questions.

P Mistry

Coldwell Banker
... more
0 votes 10 answers Share Flag
Tue Nov 12, 2013
Ruth and Perry Mistry answered:
Hello Webmihir

It is one of the best areas to be living in.

You will really enjoy living around there.

Best regards
Perry Mistry
Coldwell Banker

408-656-5343 ... more
0 votes 10 answers Share Flag
Thu Oct 10, 2013
Michelle Carr-Crowe answered:
To give you the best help, I need to understand your goals and what's most important to you in this home purchase. Are you buying it to live in? To fix up and flip (re-sell)? As an investment to rent out?

The market is challenging, however there are always opportunities.

When you'd like a free, in-person, no-obligation consultation, Just Call 408-252-8900. You will have a better, deeper understanding of yourself and the market, even if we don't choose to work together.
... more
0 votes 12 answers Share Flag
Tue Oct 1, 2013
Brian Nguyen answered:
Have you considered what you will do when it comes to financing for you new home? Before you start looking for homes I strongly recommend you get pre-approved. This is important because it gives you an idea of the price range you can afford. Also, offers from individuals with pre-approvals are taken much more seriously. I am a lender based out of California and I have done plenty of loan throughout the state. I would be glad to speak with you to help you get the loan you need so feel free to contact me. Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 ... more
0 votes 16 answers Share Flag
Sat Jan 5, 2013
Robert Lei answered:
Hi Zambeel,
After more than a decade of monitoring the performance of various neighborhoods in Silicon Vally, I've noticed that, as prices rise, the prices in the high API neighborhoods rise more than the prices in the lower API neighborhoods. I've watched as a $100,000 delta became $150,000, then $200,000, etc. ... more
0 votes 14 answers Share Flag
Mon Oct 8, 2012
Avi Urban answered:
The truth is that it’s very difficult to compete in our Silicon Valley highly competitive market with so many well qualified buyers and limited inventory.

Saying that, it’s doing the obvious, be well prepared, with your documents and mortgage, read and sign all disclosures, have a good understanding what the seller is looking for, if you have doubts and questions, get them resolved before making the offer.

Make your best offer the first time, you may not get a second chance.
... more
0 votes 11 answers Share Flag
Tue May 15, 2012
Mindy answered:
I have a couple close friends in Fremont and I lived in Sunnyvale for 9 years, so I think I can offer a thought.

Sunnyvale is expensive because of the accessibility to great deal of companies in the valley. Sunnyvale schools are recognized as great schools (although I have no experience with schools). At the same time, properties are older than Fremont, lots smaller and typical view is city view.

Conversely, Fremont is considered to be hard to commute (both 880 and 680 are terrible during commute times, as is Dumbarton), during peak hours. Mission San jose School District is considered to be one of the best, and you can get better/bigger house for your money than in Sunnyvale. Demographic is quite family oriented. Best feature of many houses in Mission is the phenomenal bay view or Mission hills view -- a similar location on the peninsula or south bay will cost you much much more.

Overall, if you want a nicer/bigger house with possibility of a view and great schools to fall back on, then choose Fremont. In South Bay, a house in the hills will cost you a lot more.
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0 votes 13 answers Share Flag
Sun Sep 25, 2011
Norman Alessandrini Warren Weston answered:
As the other realtors pointed out for a SFR there is no lot fee, for a mobile home there is space rent and for a condo/townhome there are HOA fees. If you are searching for mobile homes or condo/townhomes then get with one of us realtors who answered your questions and we can provide you with the space rent and HOA fees if they are not shown on your property search.
Feel free to contact me if you need assistance.
At your service,
DRE# 01397256
... more
0 votes 6 answers Share Flag
Mon May 9, 2011
Diane Wheatley answered:
These tax credits are limited to the lesser of 5 percent of the purchase price or $10,000 for a qualified principal residence. Taxpayers must apply the total tax credit in equal amounts over 3 successive tax years (maximum of $3,333 per year) beginning with the tax year in which the home is purchased. The tax credits cannot reduce regular tax below tentative minimum tax (TMT). The tax credits are nonrefundable, and unused credits cannot be carried over.

This information comes directly from the California Franchise Tax Board website. You can read all the details online using the link below.

Diane Wheatley, Broker
... more
0 votes 5 answers Share Flag
Sat Nov 6, 2010
Ruth and Perry Mistry answered:
Hi Joyce

Regret to hear of so many issues.

Clearly with cracks in tHe foundation and all the discrepancy in the reports and findings you are better
Of some where else.

Right, it is not likely to get money back for your inspections.

Good luck
... more
0 votes 12 answers Share Flag
Tue Oct 26, 2010
Michael Roberts answered:
Hi Dhiraj, The Court Lot usually means the larger end lot. There are cases where the home is just simply 'in a court' or Cul De Sac and those homes only benefit from the reduced traffic. This is a great feature for families with children who enjoy playing outside.

In the heel of a court lot, where the court ends, the frontage of the property is usually substantially reduced due to the Pie shape. However, this does allow for a larger rear yard depending on the placement of the home.

In some cases the larger back yard can be rendered useless if the home is placed too deep in the lot leaving you only large side yards. This does not lend itself to very much usable space for entertaining.

Something else to consider is the serious street parking issues that can occur in a court lot home (cul de sac located home) if the frontage area is reduced. Ordinary homes have enough space for 1 to 2 cars to park on the street directly in front of the home.

If a neighbor parks a large recreational vehicle or trailer the parking issue can become more serious.

When a home is located at the end of the Court all cars point directly at it as well. At night, the headlights can be annoying for some.

As you can see there are so many things to consider when you are choosing a home. Be sure your Realtor spends the time to share all of the different things to consider from roof to foundation to neighborhood to help you make the best choice.

... more
0 votes 10 answers Share Flag
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