Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Property Q&A in Berryessa : Real Estate Advice

  • All51
  • Local Info5
  • Home Buying19
  • Home Selling0
  • Market Conditions4

Activity 15
Wed Jan 8, 2014
Terri Vellios answered:
I would lay high odds that it is a scam. Please read the Trulia advisory link.

http://www.trulia.com/blog/discovertrulia/2010/06/trulia_psa_tips_to_help_you_avoid_real_estate_phishing_scams

www.RentOMeter.com is another resource to check rental prices.

The red flags:
Photos are grainy indicating it has been copied from the internet
Out of area Phone Number
Price of $1,000 too good to be true. You can't even get a 1 bedroom apartment for $1,000, let alone a house.

Don't fall victim to this.
... more
0 votes 6 answers Share Flag
Tue Oct 1, 2013
charles butterfield answered:
Thank you for your question:

I recommend that you flag this listing as a scam so that it will be removed.

The advertised rent of $1,000 per month is less than 1/2 the Fair Market rent for this property, and is too good to be true.

These scams are used to steal the prepaid rent and deposit money of people who are desperate to rent a home.

This is a particularly cruel hoax because now the prospective renter has no place to live and has just lost their money for prepaid rent and security deposits.

Your best protection is to only deal with people who are licensed by The State of California Bureau (formerly Department) of Real Estate. Always ask anyone that you are dealing with for their BRE number and verify that number with the State of California Bureau of Real Estate to make absolutely certain that it is the license number that is issued to the person that you are dealing with and that the license is active and current.

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
Broker/Owner: The Butterfield Real Estate Firm
Cell Phone: (408)509-6218
Email Address: charlesbutterfieldbkr@yahoo.com
California Real Estate Broker license BRE#00901872
.
... more
0 votes 4 answers Share Flag
Fri Jul 5, 2013
Terri Vellios answered:
This looks like a scam to me.

Red Flags:
Distorted Photos
Price too low
No way to contact the poster
If an agent no License Number
0 votes 2 answers Share Flag
Fri Jun 7, 2013
Terri Vellios answered:
If it's too good to be true someone is trying to steel something from you.

Unfortunately, there are too many rental scams on the internet.
1 vote 3 answers Share Flag
Fri May 24, 2013
Terri Vellios answered:
That link is to a home which has sold. If someone is listing it for rent for $1,000 RUN away fast. There is not a single family home I know of in Santa Clara County for rent for $1000. Especially in Berryessa.

Please visit www.RentOMeter.com to verify if a price is too low to be true.
... more
0 votes 1 answer Share Flag
Tue Feb 26, 2013
Terri Vellios answered:
Denise,

I would need to see the home to give you a fair market value opinion. Their is no cost to you for me to provide this information. If you are interested, drop me a note off line. ... more
1 vote 3 answers Share Flag
Mon Dec 17, 2012
John Juarez answered:
Actually…it does not matter whether if it is a stick-built home, factory built home or a pre-1976 mobile on a lot…it is not for sale.

The link that you provided is to a posting by RealtyTrac that is really a come-on to get you to sign up for their subscription reporting service. RealtyTrac is not a real estate company. RealtyTrac does not sell houses. RealtyTrac is a reporting service. They take information from public records about foreclosures, notices of default, lis pendens and other such filings and report them to their subscribers. Information from RealtyTrac can have value for those who understand what they are getting and how to use the information but RealtyTrac postings on Trulia.com are abbreviated versions and are misunderstood by many who think the postings are showing properties that are for sale at very low prices.

For information on how to buy a bank owned property, check with a local Realtor who can explain the process and give you valuable assistance.
... more
1 vote 2 answers Share Flag
Mon Dec 17, 2012
The Medford Team answered:
Guess what … 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.

If you want to buy an REO, as suggested below, avoid the courthouse steps and get a Realtor help you. Here is a post that may be helpful:

How To Buy An REO – Top 17 Questions Answered
http://www.trulia.com/blog/carl_medford/2009/04/how_to_buy_an_reo_top_17
... more
1 vote 7 answers Share Flag
Thu Oct 11, 2012
Grace Hanamoto answered:
Hi Happy,

As the others have already said, anytime there is a deliberate and ovet comment that requires a home purchase be made by someone who has cash, it is because there is not a bank in the world that would give someone a loan to buy the same property with this type of incumbrances or legal issues pending. While it might still be a great buy for an investor, it's only a good buy for an experienced investor with a legal team ready for move forward to defend the owner's interest and claim.

My suggestion is that if you have to ask "why" the home is only being sold for cash, you have to pass on this one and go to the next home for sale. This one is just too risky for a first time home buyer.

Good luck!!
... more
1 vote 6 answers Share Flag
Fri Sep 21, 2012
The Medford Team answered:
Because it's not really a house ...

It’s a mobile home. It’s a depreciating asset – just like a car. In fact, it’s registered with the DMV, not the county.

Normally in real estate, the actual value of any house goes down while you own it, but the value of the land goes up. In other words, the house depreciates while the land appreciates. This is why you often see very old and decrepit houses being torn down and replaced with new ones – the value of the old home has depreciated to almost nothing, but the value of the land has gone up enough to sustain a new building being built on it.

In the case of a mobile home, you have the worst of both worlds:

• The value of the actual structure depreciates yearly – in this case, it’s now very old for a mobile home AND the price is now very low. It will only get lower.
• Since you do not own the land under a mobile home, you don’t have anything to appreciate. In fact, you actually rent the land so, instead of the property value “paying in” as the land appreciates, you are actually “paying out” every month when you pay the space rent. And … the rent will only increase.

Value decreasing, rent increasing … not a very good deal in my books.
... more
1 vote 6 answers Share Flag
Sun Aug 26, 2012
Stephanie asked:
--
This question is about this property: http://www.trulia.com/rental/3092451455-1351-Old-Park-Pl-San-Jose-CA-95132
0 votes 0 Answers Share Flag
Mon Jul 16, 2012
Lawrence Gillen answered:
As Mitchell pointed out, make sure to verify if it is on a long-term lease or not. If it is, you then won't be protected under San Jose's rent control. You will need to read the fine print of the contract. Better yet, have an attorney read it and interpret the terms for you.

Lawrence Gillen
Realtor/Manufactured Home Specialist
(408) 472-5582 Direct
Advantage Homes
lawrence@gillencentral.com
DRE# 01193237
HCD# SP1177640
... more
0 votes 4 answers Share Flag
Fri May 11, 2012
Denise A. Szyszlo answered:
This is not on the MLS. But contact information below for 1346 Fairway Entrance, San Jose, CA 95131

Contact:
Golden State Property Management (DRE # 01355130)

(408) 477-2635

www.GoldenStatePropertyManagement.com

http://goldenstate.appfolio.com/listings/listings/33cf98f2-2062-44f8-a3a4-c6f2e2a5d92a
... more
0 votes 1 answer Share Flag
Search Advice
Search

Followers

536