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Home Buying in 95112 : Real Estate Advice

  • All44
  • Local Info4
  • Home Buying18
  • Home Selling4
  • Market Conditions1

Activity 17
Sun Apr 30, 2017
Sam Shueh answered:
Expand driving time from work is more realistic.
0 votes 2 answers Share Flag
Fri Sep 9, 2016
Rich Reed answered:
You should consult with legal counsel and your financial advisor before transferring title. You can read some general information here: http://www.divorcenet.com/resources/divorce/marital-property-division/interspousal-transfer-grant-deeds-vs-quit-claim-deed#b

Best of luck!
... more
0 votes 1 answer Share Flag
Mon Aug 24, 2015
Huey Nguyen answered:
Hello:

Sorry to hear about your troubles. Please contact your Realtor and ask to see the Notice of Your Supplemental Property Tax Bill. Please also go over your final HUD/settlement statement with your Realtor or escrow to see if the property tax has already been pro-rated and what, if any, amount you have been credited for property tax purposes.

If you have concerns regarding the legal ramifications or consequences or tax liability, I encourage you to please contact an attorney to discuss these matters further.
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0 votes 3 answers Share Flag
Wed Oct 9, 2013
Paul answered:
Concord, Pittsburgh, Antioch, Martinez, Vallejo, Richmond...
But you will have to speak to agents and drive the neighborhoods to see what is considered safe for you.
0 votes 12 answers Share Flag
Tue Oct 8, 2013
Paul answered:
I strongly recommend you contact the law offices of Henry Hicks (http://henryhickslaw.com/).
They handled my Tampa shortsale from beginning to end. They are experts at negotiating price (they do this all day) and at making sure you get a full release from liability, which is extremely important. Otherwise, the lender can ask you to pay a portion. Finally, the lender pays their fee, so it is essentially free of charge to use their service (there was some misc fee I had to pay at the end). ... more
0 votes 14 answers Share Flag
Thu Apr 25, 2013
Ricky Ablaza answered:
Hi Dillan,

The market today is full of cash buyers who overbid from $50K to $150K. With a pre approval you have no chance standing up to a cash buyer. Give me a call(408-316-0793) so we can see how we can stack the cards in your favor with a loan approval. ... more
1 vote 6 answers Share Flag
Wed May 16, 2012
Andrew Espino answered:
Julian st is a good area.. East of N. 4th and Julian st is where the boundary begins. Your in downtown, so keep that in mind. FYI, great gym on N. 3rd st "San Jose Athletic club" used to be called "Capital Club athletics. Great place to meet some neighbors. : ) ... more
0 votes 8 answers Share Flag
Wed May 16, 2012
Andrew Espino answered:
Yes. But 2 bedroom units under $250K are moving fast throughout the city. Also, find out if the HOA is in litigation. Litigation makes it tough to finance, lenders might restrict.
0 votes 15 answers Share Flag
Wed May 16, 2012
Andrew Espino answered:
The Market is on Fire throughout California (metro areas). Multiple offers down to San Diego. Some colleagues in Southern California are seeing huge demand with light inventory. We MAY have seen the bottom in the 4th quarter of 2011. Only time will tell. : ) ... more
0 votes 13 answers Share Flag
Wed May 16, 2012
Michael Cheng answered:
Actually, I'm not a fan of Communication Hill. It's a personal preference to avoid living next to a large memorial park.

As for better resale value, I'm not sure what's meant by that. Both properties have perceived value which are priced by the market, both today and at resale. In order to be a better value at resale, you would just need to underprice the home relative to the comparables.

If you're looking for long-term returns on your investments, that's a simpler matter, since you're better able to get a finally distressed/discounted home at Communication Hill.

If you're looking for rental returns, both offer below average cash flow rates for the south Bay.
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0 votes 8 answers Share Flag
Mon May 14, 2012
Blanca Ramirez answered:
There are a lot good areas in 95112. This is a great time to buy if you qualify since the prices seem to be going up due to high demand.
0 votes 9 answers Share Flag
Sat Apr 21, 2012
Trevor Curran answered:
First steps:

1. Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.


2. Get a referral to a good, local, real estate attorney. Call the attorney, retain the attorney so you have her information handy when you make an offer. Having that information at time of offer helps you demonstrate to the Seller how serious you are, and they will consider your offer with more interest.

3. Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.

4. Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.

Put together your Team of real estate professionals and shop 'til you drop!

Good luck!
Trevor Curran
NMLS #40140.
... more
0 votes 12 answers Share Flag
Sat Apr 21, 2012
Trevor Curran answered:
First steps:

1. Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.


2. Get a referral to a good, local, real estate attorney. Call the attorney, retain the attorney so you have her information handy when you make an offer. Having that information at time of offer helps you demonstrate to the Seller how serious you are, and they will consider your offer with more interest.

3. Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.

4. Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.

Put together your Team of real estate professionals and shop 'til you drop!

Good luck!
Trevor Curran
NMLS #40140.
... more
0 votes 11 answers Share Flag
Wed Nov 17, 2010
Rozalyn Franklin answered:
Devin everything and anything is negotiable, but a short sale is already price about 10% below fair market value, and it is already a deal so the bank typically set the price since they are taking less than what is owed on the deal. ... more
0 votes 11 answers Share Flag
Thu Nov 27, 2008
CJ Brasiel answered:
Tonya -

There area some great streets in San Jose downtown. As others have suggested, drive around to get a feel of what you like and don't like.

Here are some suggestions:
Check out 2nd and 3rd between Hensley and Taylor.
Check out 13-18th between E. Julian & Taylor.
Most of the condos/thomes dowtown are around 1st and Ryland Park Dr.

The closer you are to HWY87 - the closer you are to the landing path of SJ airport. The great the street number, the further you are from the landing pattern. Also, think about Light Rail along 1st and whether that is desirable or not. There are some cute pockets all around downtown. It takes walking the area and different times of the day to know whether it fits what you want.

CJ
... more
0 votes 4 answers Share Flag
Fri Oct 24, 2008
Bill Mccord answered:
Hi again Calvin,
Japan town is included in the area I mentioned in reply to your prior question i.e. North East sector of 95112.
Bill
0 votes 1 answer Share Flag
Sun May 18, 2008
CJ Brasiel answered:
Kay -
There are closing costs associated with your loan. There are closing costs associated with the purchase including city and county transfer tax. There closing cost associated with title insurance. In a buyer's market you can ask for any of these to be paid by the seller or adjust the price accordingly. In my opinion it doesn't hurt to ask but be aware, the deal is best when it is a win - win for all involved.

CJ
... more
0 votes 9 answers Share Flag
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