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Home Buying in 95054 : Real Estate Advice

  • All62
  • Local Info4
  • Home Buying46
  • Home Selling1
  • Market Conditions2

Activity 44
josephbaltar, Home Buyer in Port Townsend, WA
Thu Jul 28, 2016
josephbaltar answered:
Leave California - Go to small towns in Dakotas, Montana, Nevada, or deep South. Should be able to get a decent place for under $1,500 per month. Schools/jobs - who knows.
0 votes 2 answers Share Flag
Nora Moore, Home Buyer in American Fork, UT
Fri Mar 6, 2015
Nora Moore answered:
The security system keypad is on the second floor? I've never heard of that before, but I guess I can see what they were going for when they put it in the living space. Personally, I'd probably want it on the main floor as well so that you can disarm it quickly when you come home. On the other hand it might be a different kind of system that works well on the second floor, so I guess it depends. ... more
0 votes 4 answers Share Flag
Ruth and Per…, Real Estate Pro in Los Gatos, CA
Tue Dec 16, 2014
Ruth and Perry Mistry answered:
Hi Ter:

Great question, while there will be 10-20% appreciation in Rivermark, you have to determine
commute, job location and convenience is important to you.

The issue of the Stadium, noise pollution, traffic and other such as crime will be a factor.
It will take 3-5 years to have a clear idea.

There are other areas that will give you same and better, but the issue maybe
an older home.

Happy Holidays.
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0 votes 4 answers Share Flag
The Medford…, Real Estate Pro in Fremont, CA
Tue Jul 8, 2014
The Medford Team answered:
Can you clarify your question, please? We'd like to be able to provide you with effective answers.
0 votes 3 answers Share Flag
Ruth and Per…, Real Estate Pro in Los Gatos, CA
Tue Nov 12, 2013
Ruth and Perry Mistry answered:
Hi Vivek:

It will be tough to find a lender who will give you Non Litigation Rates.

The rates are slightly higher for Condos in Litigation.

There are several lenders including Citi Bank.

Good luck
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0 votes 5 answers Share Flag
Ruth and Per…, Real Estate Pro in Los Gatos, CA
Tue Nov 12, 2013
Ruth and Perry Mistry answered:
Hi Webmihir

Your best bet will be in Berryessa around Trade Zone.

The API scores are over 900 and you get newer Town Homes.

Let me know if I can help.

Bes regards
Perry Mistry

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0 votes 10 answers Share Flag
Wes Postleth…, Real Estate Pro in Franklin, TN
Thu Oct 31, 2013
Wes Postlethwaite answered:
You might check out Homes for Heroes. The website is . It offers discounted Realtor fees, closing costs, title reductions, and home inspection costs. This could make the difference between closing or not. I hope this helps.

The program is also, good for teachers and educators, police, fireman, and clergy wishing to buy a house,
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0 votes 10 answers Share Flag
Wed Oct 30, 2013
Rajesh "Roger" Sharma answered:
Hi Hansa,

Not sure if you are still in the market. You should try now since the rates have been dropped recently and until end of October if you lock, the rates are extremely attractive. Not sure if they may increase in November. I got 5 ARM for 2.625% (Jumbo Loan no cost) and for 30 years fixed, I got 4.125 (No cost). Looking at the current market situation, I decided to lock 30 years fixed as the rate will eventually go upward direction.

Nobody in the world can/will give you any estimation until they play around with your numbers and they know your situation etc. like FICO, Debt to income ratio.... These are basic important stuff for anybody to provide you any information.

You can talk to Omar. He is the one who did my loan. I was with WF and couldn't get what he could do it for me.
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0 votes 6 answers Share Flag
lendersnetwo…, Real Estate Pro in Plano, TX
Tue Oct 8, 2013
lendersnetwork answered:
Might want to look into an 80/10 loan to avoid pmi on a jumbo with 10% down.
0 votes 6 answers Share Flag
Chirs Fanara, Real Estate Pro in Santa Clara, CA
Mon May 20, 2013
Chirs Fanara answered:
Hey Jenny,

I grew up in this area of Santa Clara and my wife and I raise our family in this exact same area. The truth is that like anything else you just get used to it. About 15 years ago the airport paid to put double paned windows and air conditioning in all the older homes in the area and that greatly reduced the noise. All newer homes will also have these features.

Also good to note, is that all the newer condos and town homes such as Mission Gardens and Mission Terrace are not actually part of Rivermark although they are right next to it.

All properties in this area are great properties to purchase because of the great location to all major transportation as well as dozens of major tech companies. You wont regret deciding to purchase there.

Please let me know if I can answer any other questions for you.
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0 votes 8 answers Share Flag
Chirs Fanara, Real Estate Pro in Santa Clara, CA
Mon May 20, 2013
Chirs Fanara answered:
Definitely Rivermark. I grew up and still live in Santa Clara (right next to Rivermark actually), and I don't think there is a better option in terms of appreciation. Real Estate is all about location. Rivermark is central to all major roads and freeways, not to mention right down the street from dozens of major tech companies. Rivermark also has a few nice parks, restaurants, a Safeway not to mention a brand new state of the art Library. ... more
0 votes 7 answers Share Flag
Chirs Fanara, Real Estate Pro in Santa Clara, CA
Mon May 20, 2013
Chirs Fanara answered:
What specifically are you looking for? Do you have a specific floorplan or model type you want to rent? I know Rivermark very well. I have lived right next to it and know many owners and investors in Rivermark.

I also have a property manager who rents out about 50 Rivermark properties, so please reach out to me and I would love to put you in touch with him to help you out.

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0 votes 4 answers Share Flag
Chirs Fanara, Real Estate Pro in Santa Clara, CA
Mon May 20, 2013
Chirs Fanara answered:
Great question. Remember real estate is all about location, location, location and the truth is that this will probably not be the last property you ever with that in mind think of what area will give you the best resale value. I would recommend Santa Clara, North San Jose and Campbell. ALL of these locations can provide what you are looking for.

The market right now is crazy due to low inventory so definitely be pro active in your search. I suggest looking through craigslist and zillow for for sale by owners and also looking at new home developments as you will probably have less competition then if you wait for a property to come on the MLS where thousands of other home buyers will also be waiting for it.

Best of Luck in your search!
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0 votes 5 answers Share Flag
Philip Cabral, Real Estate Pro in San Jose, CA
Wed Nov 7, 2012
Philip Cabral answered:
I grew up in San Francisco and currently live 5 minutes from your search area so I am very familiar with the area.

What you would want to do first is go loan shopping. Talk with 2-4 mortgage lenders and see what kind of loan you qualify for. Make sure it's someone who will lend in the area you plan to buy. I have worked with several lenders if you need a referral.

Second, and you can do this simultaneously, is to look at properties in your search area. Agents who have access to the Multiple Listing Service (MLS) can set you up with automatic emails anytime a property in your search area and price range is listed for sale.

Good luck!
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0 votes 4 answers Share Flag
Holly Kick, Home Buyer in Santa Clara, CA
Mon Jun 25, 2012
Holly Kick answered:
what i dont understand is why realtors are jumping in to say ask us, talk to your realtor and all such things. Realtors are crooks and cheats , they have no better idea than any other person. In this market who is using comps ? The home price is dictated by how many people are interested in it. If it is asking for 600K, there are people who buy for 700k too, now what happened to comps ? Basically realtors ask everyone to put the max they can put. And we know the market is good, why does a seller need realtor ? why does a buyer need realtor when a realtor cannot do much with the given bad and low inventory and a lot of people hungry for homes. all i say is wait and let these fools buy homes first (mostly investors from you know where). I have stopped looking for homes and now i am happy. Cut the realtors out , dont listen to them. I believe realtors are like overhead in this economy, they are leeches , why should they get 5% arent you saying it is a great time to buy and sell homes ? Then naturally the role of realtors is a big NONE. ... more
1 vote 7 answers Share Flag
Happy, Home Buyer in California
Thu May 10, 2012
Happy answered:
The listing agent cannot get a hold/doesn't know where about seller is to sign off on form to refund my deposit. Is there any other way to get my refund? I was told by another broker that I should go to escrow with my agent ,draw up an amendment , showing transaction has been cancelled, and request a refund. Is that an option? ... more
0 votes 9 answers Share Flag
chand sultana, Real Estate Pro in Sunnyvale, CA
Tue Mar 27, 2012
chand sultana answered:
I recommend looking at Santa Clara as whole not just looking at Rivermark as it does not have the advantage vs the price you have to pay.

If need help with buying/selling homes in Santa Clara, please contact me.


... more
0 votes 2 answers Share Flag
Ruth and Per…, Real Estate Pro in Los Gatos, CA
Wed Dec 28, 2011
Ruth and Perry Mistry answered:
Hi Amyca

Generally, one negotiates the price down by $4K, as lender has issues Crediting money
back in transactions. Lenders generally credit Non recurring closing costs associated with
the loan upto 3%.

If there were repairs it should have been disclosed on the Addendum and I am sure on
a $710K purchase the lender would have given it to you.

I believe you went with a a near No Cost Loan or changed the Loan during the course of the transaction.
Its very likely you did not share your Loan Costs with Your Agent.

Forget the seller or his agent, you signed a Loan Contract with the lender and asked for it on
an Addendum and / or on the Purchase Contract that was turned in to the lender. Why did you
not bring this up with your Loan Officer, as one always "knows" the exact loan number before one

Since, the Loan Funded it means that you did get a HUD to review or when signing the loan docs.
You likely brought in extra money to the Table, otherwise the Loan would not have funded. If you were short $4K the loan would not have funded. So how can the $4K be there as credit, and still close and expect
money back.

So your math does not add up.

Good luck.
... more
0 votes 5 answers Share Flag
Sam Shueh,  in San Jose, CA
Sun Nov 20, 2011
Sam Shueh answered:
In an upswing economy the depressed neighborhoods will first and see higher appreciation and most expensive neighborhoods will experience less. During the last cycle, homes in Evergreen, Morgan Hill etc moved up about 15%+ while Saratoga, Cupertino, LA only enjoyed ~5% annually. During the dot com days, Cupertino home prices dropped 10% while SJ did not move much(2-3%). ~100,000+ area high tech workers went without work.

However, during a downturn such as what we had experienced, the neighborhood which had higher income seems to HOLD ON to its value more. This cycle it did not impact these areas 'cause internet industry is mature. APPL etc did not let employees go as they have done before.

Put it bluntly, what makes you think only these areas will appreciate if places like PA also experienced 10% home price erosion since 2006?

People who want to live close to their jobs will have to pay more. If there are more firms in Fremont then homes are more desirable. If companies move to Coyote Valley then MH will be more desirable. Just for the record, few people realize some Gilroy neighborhood has even better API than any areas described.
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0 votes 15 answers Share Flag
Harold Sharpe, Real Estate Pro in Menifee, CA
Sun Nov 6, 2011
Harold Sharpe answered:
I do not know how your contract was written or if a Form SSA ( Short Sale Addendum ) was used.
On a short sale addendum used in the state of California on most short sale transactions to aid in how this is usually done,.... usually the buyer holds their monies until the short sale is approved. However, Listing agents are tired of BUYER BAIL and with good reason. Some buyers have 22 offers out there awaiting for a short sale to be approved somewhere. By having skin in the game circumvents this. I can understand the seller wanting a buyer who is willing to put 3% down, but everything is a negotiation. As a buyers agent I say 1% tops,... as a listing agent I say 1-3% in escrow held to show they are NOT a BUYER BAIL and willing to wait 45 days for me to get a short sale agreed upon to start the escrow time periods. If the seller has not procured a short sale contingency removal in 45 days then the funds should be asked for by the buyer and the seller should be on it to release the funds. The problem is sellers lose track of who they are and how it helps to have a buyer and think if they hold the buyers deposit it may somehow help. They are already under stress from short selling their property as it is.

Harold Sharpe - Broker
So Cal Homes Realty
(951) 821-8211
California Department of Real Estate Broker License # 01312992
... more
0 votes 15 answers Share Flag
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