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Home Buying in 95129 : Real Estate Advice

  • All67
  • Local Info4
  • Home Buying28
  • Home Selling6
  • Market Conditions1

Activity 26
Wed Sep 28, 2016
Arpad Racz answered:
Wed Jun 22, 2016
Rockhard.mdd answered:
Being over 40 years old, Meridian Woods condos are in good condition, unlike others of this age. Condo living has rules, regulations, codes that must be followed in order to keep the community in a smooth running manner. Although owners at Meridian Woods only get involved when a special assessment arises, they start claiming they have no money to pay for new roofs, unless of course it was their roof that was needing the special assessment. Not many understand how the common areas are the entire HOA responsibility from the ground up and all around. The only thing you own is the air and your belongings in that air portion of the condo. Do your research before you move into any condo HOA you don't understand how it works or learn to be appreciative of what you were able to afford in that area. June 2016 ... more
0 votes 10 answers Share Flag
Sun May 3, 2015
Sheryl Arndt answered:
Hello YS, These links may assist you with crime statistics:
http://www.crimemapping.com
http://www.crimereports.com
http://www.everyblock.com/
http://www.localcrimenews.com
http://www.mylocalcrime.com
http://www.spotcrime.com/ca
http://www.meganslaw.ca.gov
http://www.neighborhoodscout.com/
http://www.homefair.com/

Theses links should have the answers to any questions you may have on schools:
http://www.greatschools.org/
http://Www.schoolfinder.ca.gov
http://Www.education.com
http://Www.schooldistrictfinder.com
http://Www.schooldigger.com
http://www.sarconline.org/

You will need to be pre-approved if you decide to buy to be able to meet an agent to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, home price, loan program and how much you want to invest into the down payment and closing costs.

You may qualify to buy FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

The purchase in 95129 zip code of San Jose start from 498k for 1bd 1ba condo and 499k for 2bd 1ba condo and up.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
BRE# 01140252
NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt

If my response was helpful, consider clicking Thank, Link or Best Answer.
... more
0 votes 2 answers Share Flag
Tue Apr 21, 2015
YS answered:
Hi Vidhya,

What is your current experience, we are planning to move to this place.

Regards.
0 votes 8 answers Share Flag
Sat Mar 28, 2015
Arlene Campbell answered:
I think it 's best if you contact a buyers agent who will represent you and work best for your interest. Don't forget to google the crime rate in the area.
0 votes 3 answers Share Flag
Fri Mar 27, 2015
Chrisles_2 answered:
Yes, hire an attorney and he will sort it out your issue with the property.
0 votes 14 answers Share Flag
Wed Dec 17, 2014
Ruth and Perry Mistry answered:
No, not a tough problem to handle. It is quite a common occurence in San Jose.
.
Requires concrete removal and pouring of new concrete. Also check with the city
on tree removal.


Good luck.
Perry

www.ruthandperry.com
... more
0 votes 13 answers Share Flag
Fri Aug 23, 2013
Michelle Carr-Crowe answered:
Here is where you can verify this yourself online: http://quake.abag.ca.gov/floods.

Learn more about FEMA, flood maps, etc. here at
https://msc.fema.gov/webapp/wcs/stores/servlet/FemaWelcomeView?storeId=10001&catalogId=10001&langId=-1.

I've lived in the area and helped people buy and sell homes here in West San Jose with Lynbrook High School. As far as I know, none of my clients has experienced flooding there.
... more
0 votes 6 answers Share Flag
Fri Aug 23, 2013
Michelle Carr-Crowe answered:
For this situation, it is definitely a "highest and best net offer" for the short answer. However if you're competing with an investor and you plan to owner-occupy, you could win.

Have you agent make a personal connection with the listing agent. Include a personal letter of why you want the property. Even though it's a government agency, SOMEONE will read the letter.

You can also include an escalation clause. Hope this helps!
... more
0 votes 6 answers Share Flag
Mon Jul 1, 2013
Dorene Slavitz answered:
Dear Jason,

The formula's for evaluation of a commercial investment, is what you actually need. A Commercial Broker will have access to this and it's actually called, IRR. This is the final figure (percentage) you will get after looking at all your expenses and income from an investment.
This will help you compare this investment, to what you would get putting your money elsewhere...but not everyone is trained in this. You need a good Commercial Broker or one with a C.C.I.M designation.
... more
0 votes 8 answers Share Flag
Sat Mar 17, 2012
Monica Goyal DRE # 01781926 answered:
Hello,

One more thing I would like to add is to explore your options, if you are capable of purchasing a home in this area, you can get a renter who pays you rent, thus help with the mortgage payment. ... more
0 votes 8 answers Share Flag
Sat Mar 17, 2012
Ruth and Perry Mistry answered:
Hi

Regarding your question on flooding do go to http://quake.abag.ca.gov/floods/

Also keep in mind that any home in a True Flood zone is required to have Flood Insurance.
This would be indicated on the MLS that flood insurance is required.

You should also look at FEMA maps and Natural Hazards Report that will be provided
by the Seller.

Good luck
Perry

http://www.ruthandperry.com/
http://www.trulia.com/blog/perry_mistry
... more
0 votes 5 answers Share Flag
Wed Apr 6, 2011
John Dutra answered:
Orange,

Most of the new development in Mission has been luxury home units in the $1.5m range. There are however, some nice townhouse units the Valle De La Paz complex for sale under $500k. They are just down the road from Mission High School and may be worth a look.
There are other townhomes in and around the Mission area including the Antelope Hills development. A 4/3 there would go for approximately $1.2 million in what is a higher end development.
You really can't go wrong with Mission Schools - but Irvington High has consistently placed second to Mission and is also one of the highest rated schools as well. Homes and townhouses in that area are priced lower than Mission.
While I am a lender, my family has been in real estate since 1972. I work with my father and brother and we would be happy to help your family work out some of those details. Our office is located in our building in Mission San Jose, next door to Ohlone College.
Best of luck in your search -- you are on the right track.
... more
1 vote 3 answers Share Flag
Wed Mar 16, 2011
Michelle Carr-Crowe answered:
It all depends on your actual goals as a homeowner, Brad. If appreciation is your primary consideration, SFH generally do better than TH/Condos. If containing your monthly & repair costs is more important and you can afford a newer TH/Condo, that may work best. There are lots of good options, just be sure to talk with a real estate consultant who can help you prioritize so you make the best choice for you. ... more
0 votes 19 answers Share Flag
Thu Nov 18, 2010
Ruth and Perry Mistry answered:
Hi Setsquid

Regret to hear your problem. Clearly there is a disconnect between the County records on permitted area and Stated square footage on the MLS. Generally a listing agent gets the data from the Seller or the MLS auto populates the data based on Accessor Parcel Number.

I believe you were supposed to have done all property inspections and verifications before removing property
Contingency including search for permits, as called out on the CAR contract and Supplemental Seller inspections.

You maybe able to negotiate the price down further.
Let us know how the transaction went, did you close at a lower price or were you able to walk.

Best regards
Perry
... more
0 votes 13 answers Share Flag
Mon Nov 15, 2010
Lang Lequang answered:
It all comes down to the net amount the lender will get back after all costs, expenses, losses! Any offers that will net the lender more more more is in their favor!
0 votes 9 answers Share Flag
Wed Sep 29, 2010
James Wehner answered:
In Arizona! There are great ROI here with multi-family homes. There is even pretty good returns on single family homes as well.

There are currently 96 four plexes in the Phoenix metro area available for sale under $100K and approximately 265 total.

Something to think about!
... more
0 votes 5 answers Share Flag
Wed Jul 28, 2010
Larry Goodrow answered:
does anyone know if the Siena of Sratoga is an approved condo complex? I am trying to do an FHA refinance and ned this one approved but thought it was a tojnwhouse not a condo, can anyone help me out? ... more
0 votes 3 answers Share Flag
Sat Jul 17, 2010
Terri Vellios answered:
If you want to have a professional review of any association you are considering buying into you can hire this company http://www.hoadocumentreview.com Jacquie Berry started this company about 12 years ago after discovering a great need and her knowledge through living in an HOA community lead her to assist others. ... more
0 votes 4 answers Share Flag
Wed Aug 19, 2009
Mike Hart answered:
It only needs to be removed if it is damaged or cut into making it "friable asbestos". Otherwise, it is not considered hazardous.

Do not remove it yourself with just an asbestos rated mask! You will contaminate the air and interior of the home with microscopic asbestos particles. Proper containment measures must be taken, and require the use of an asbestos abatement professional. It can get a little expensive to remove, but not extreme. Have it tested first because not all popcorn is asbestos. ... more
0 votes 7 answers Share Flag
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