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Home Selling in Cupertino : Real Estate Advice

  • All197
  • Local Info26
  • Home Buying98
  • Home Selling16
  • Market Conditions11

Activity 23
Arpad Racz, Real Estate Pro in San Jose, CA
Mon May 9, 2016
Arpad Racz answered:
Hi,

I would recommend a local broker that has expertise in Cupertino. I could help your friend out if needed.

Kind regards,

Arpad
0 votes 36 answers Share Flag
Arpad Racz, Real Estate Pro in San Jose, CA
Tue Jul 28, 2015
Arpad Racz answered:
Hi,

You can also check if postlets.com would work.

Kind regards,

Arpad
0 votes 3 answers Share Flag
John Howell, Home Seller in Cupertino, CA
Tue May 27, 2014
John Howell answered:
As you can all see, the real estate agents have taken control of this place and taken it the way of AM and FM radio.
They are talking to themselves. No citizen finds anything useful here anymore. ... more
0 votes 11 answers Share Flag
Julie Wyss, Real Estate Pro in Los Gatos, CA
Tue May 6, 2014
Julie Wyss answered:
In my opinion and without seeing the property, you can make money either way. If you want to take on a major remodel to upgrade the home, which would most likely be at least an 8-12 month project (design, permits, construction, etc), you could sell it and make a decent amount.

But, if you don't want to deal with the hassle a major remodel entails-and it is a time commitment-then you could do some quick and easy things with a minimal amount of investment and sell as is. There are always people looking for fixer uppers. The market is leaning heavily toward sellers right now so odds are you could sell your home fairly quickly and for a decent price.
... more
0 votes 14 answers Share Flag
Tarun Mehta, Home Owner in Cupertino, CA
Wed Apr 23, 2014
Tarun Mehta answered:
Let's assume there is a $1.5 Mill in Potential Gain ... Hence, after $500k Exemption, you are left with $1m in potential Taxable Gain.

My suggestion is to use $5m Estate Tax Gift exemption & Gift $1m in Gift to your child/children (If the House is appraised at $3mill, that would be 30% of the House as a Gift to your child/children)

Now that the parents own only $2m worth of the house, their capital Gain will be only $500k.

Is this not workable, CPAs???
... more
0 votes 11 answers Share Flag
Michelle Car…, Real Estate Pro in Coppertino, AL
Sun Feb 9, 2014
Michelle Carr-Crowe answered:
Yes, the truth is he needs to wait until the market is paying his price-or else adjust his expectations to what the market is paying today.
0 votes 33 answers Share Flag
Robert Lei, Real Estate Pro in Cupertino, CA
Thu Sep 19, 2013
Robert Lei answered:
If you are smart with your money, your clients will appreciate that. A couple weeks ago a financial planner told a group of us that based on her observations, the people who are doing the best financially are the people who are smart with their money and buy the reliable cars in the middle price range -- not too low that the car is unreliable, but also not too expensive that you are paying for status. She said people with "regular" cars are usually the people who are doing the best financially.

Cars DECREASE in value over time. You are better off buying a smart car and saving that money for a down payment on investment real estate. Real estate INCREASES in value over time.
... more
0 votes 12 answers Share Flag
John Howell, Home Seller in Cupertino, CA
Thu Sep 19, 2013
John Howell answered:
Well, here we go again. These responses almost always lead to self-promotion and a link to "can I help you."
If you must sell, do so. But don't pay them anywhere near their 6% "customary " commission. Bargain.
If you don't have to sell, sit. Very few assets have appreciated as much as 95014 real estate.
Mistrust interested advice.
... more
0 votes 18 answers Share Flag
Michelle Car…, Real Estate Pro in Coppertino, AL
Wed Aug 28, 2013
Michelle Carr-Crowe answered:
Depending on the location, floor plan and direction, you may be able to sell well for a minimum of cost and time. Most often yard changes, especially to improve front yard and porch curb appeal, are the best first step, followed by repairing small items, paint and refinishing hardwood floors.

However, right now I have buyers looking for a home like yours. I'd be happy to provide a free market analysis to help you make the best choice for you.
... more
0 votes 12 answers Share Flag
 Betty, Real Estate Pro in Saratoga, CA
Sun Jul 21, 2013
Betty answered:
Hello Ron,
I think the trend is to smaller and smaller kitchens. In this fast paced world many of these professional couples don't have the time to cook. Prepared meals are going to become more and more common. I think doing away with the standard kitchen----i.e. stove---and just having a microwave is the way to go. I have seen this trend already starting. The space that was once used for a stove can be used for other things. Having just a nice microwave is very modern, and your potential buyers will appreciate this.
Good luck.
... more
0 votes 6 answers Share Flag
Michelle Car…, Real Estate Pro in Coppertino, AL
Sat Dec 29, 2012
Michelle Carr-Crowe answered:
I am always happy to provide you with a no-obligation market analysis of your home's value. Just Call 408-252-8900. I have several pre-approved buyers looking to buy in Cupertino-is your home available to buy? ... more
0 votes 16 answers Share Flag
Mark Burns,  in Cupertino, CA
Wed Sep 5, 2012
Mark Burns answered:
Sell it. The City of Cupertino will likely approve the property as you describe. Let the next person tear down your home and build a new one. I sold my own property on the Lynbrook side of Bollinger 5 years ago and the contractor that bought it had a new one up in 4 months. I don't think he made much money but I was very happy and had no regrets.

Email me back with your decision. I'll likely be able to find a buyer for your property.

Mark Burns, Realtor
Coldwell Banker Elite - Top 2 % Worldwide
DRE #00896552 Licensed since 1985
Over 600 Homes Sold in Silicon Valley
Cupertino Resident and Cupertino Expert
408-777-2083
mailto:mark@markburns.com
... more
0 votes 7 answers Share Flag
Felix Hung, Real Estate Pro in Huntington Beach, CA
Sun Jul 15, 2012
Felix Hung answered:
Rick,

I hope your home sale went well or is still going well. With 8 days, that SHOULD be plenty of time to postpone a sale date but it depends on the bank, the new offer price/terms, and your agent's persistence. I don't see why they wouldn't postpone the sale date based on what you told me but if they didn't probably one of the following occured:

1. the new offer price/terms was not even close to what they would accept and they rejected it outright to move forward with foreclosure.

2. the lender postponed the short sale BUT the listing agent did not follow up enough or check with the trustee to ensure it was postponed.

3. the lender did not get the order to stop/postpone the sale to the trustee in time before the sale occured.

I hope none of the three above occurred.

Felix
... more
0 votes 10 answers Share Flag
Jeannie  Apo…, Real Estate Pro in Cupertino, CA
Sun Jul 15, 2012
Jeannie Apostole-Holden answered:
The Cupertino market has escalated even more, with multiple offers everywhere and with bidding over list price. In the 29 years I have sold in Cupertino. it is one of the hottest markets I have ever experienced. I'm happy to help you see what the market is doing. Check out my website at: www.siliconvalleyhomes4sale.com I'm happy to try to help you figure out what course of action is best for you. ... more
0 votes 24 answers Share Flag
Sheila Natera, Real Estate Pro in Santa Clarita, CA
Fri Dec 10, 2010
Sheila Natera answered:
It's customary for the Seller(s) to pay this. Sometimes in a Short Sale or a Bank Owned property they will pay for it. I've have had the buyer(s) in some cases pay for it because none of the above would take care of it. ... more
0 votes 13 answers Share Flag
Mack McCoy, Real Estate Pro in Seattle, WA
Tue Oct 19, 2010
Mack McCoy answered:
Well, Jack, the E&O deductible on a million-dollar transaction could easily eat up the agent's split. On a $200,000 deal, the exposure is a lot less.

There's another part that the "isn't ten thousand dollars enough for you people" crowd doesn't get - you don't show million dollar homes in a Kia. You don't hold those houses open wearing Old Navy. What works to sell $350,000 houses doesn't really work at a million.

But agent's overhead is only part of it. The other part of it is this: good agents make good money, and don't have to chase down every fractional deal. Why take the time to get and service three of these listings when you can devote your energies to one seller who appreciates and values your services?

Look. I don't mind if people want to FSBO, want to hire limited services, want to go on the cheap. But real estate brokerage services are not a public utility - and the very best agents don't have to work for you at a discount. In fact, not only do they expect to be paid full freight, they expect to be treated as professionals, and with the utmost respect.

To be fair, John was completely respectful in his comments.
... more
0 votes 5 answers Share Flag
Ed Bailey, Real Estate Pro in Riverside, CA
Wed Sep 29, 2010
Ed Bailey answered:
George Nowic…, Real Estate Pro in Santa Clara, CA
Mon Aug 9, 2010
George Nowicki answered:
Without more specific information of the property, the simple answer is to check with the city of Cupertino to nail down the zoning and then hire a appraiser.

George Nowicki REALTOR®
Cell: 408.892.3379
DRE# 01363797
Email: George@Nowicki.net
Website: www.GeorgeNowicki.com
Facebook: www.facebook.com/GeorgeNowicki.AlainPinelRealtors
Twitter: twitter.com/GeorgeNowicki
BLOG: georgenowickisrealestatenews.blogspot.com


Alain Pinel Realtors
1071 Blossom Hill Road
San Jose, CA 95123
408.754.1500
408.754.1501 fax
... more
0 votes 12 answers Share Flag
Erica Glessi…, Real Estate Pro in San Jose, CA
Fri Feb 19, 2010
Erica Glessing answered:
A view adds value, that's for sure. I would say particularly when my buyer tells me "I only want a home with a view," then your house will be one of the few I can show them!

Anything that allows buyers to more easily connect with your home and desire your home will add value.

On the flip side being on a hillside can carry negative environmental impacts and for some, if the garage is not easy to access or requires special navigation, as some homes in the hills do, the home can be less desirable than a home on a flat lot to other buyers.

The demand -- the more people who want to buy your home -- adds to value.

Here is my checklist for getting the most from your home sale:
1: Price so your home is the very best home at its price point among active listings. Visit other homes on the market and if possible recent pending homes, and make sure yours stands out as the best value
2: Clear the walls and rooms of clutter. Store photos and personal memorabilia that brand the home to your family so that a buyer can mentally move in when he or she first visits
3: Get pest inspection done and disclose or address issues
4: Look at curb appeal as though you are a buyer. Take off your "rose colored" I love my home glasses and put on a critical "I want to buy a new home" glasses so that you see the home like a buyer might. Make it look excellent from the outside for photos that will attract or repel potential visitors
5: Make sure the neighborhood is aware of the upcoming sale. Neighbors love your neighborhood (most likely, they live there) and may have friends who want the home. This can cause demand before it goes on the market. Any buzz or demand before it goes on the market will contribute to the ultimate sold price
6: Have a Feng Shui savvy agent or specialist go through and make sure you are doing everything possible for the energy flow. While some cultures place different values on this, all cultures like a good energy flow. They may not all call it "Feng Shui" but all people that I have shown homes to in Cupertino (where I had my office for 5 years) like a good energy flow much better than homes that have not had this done.

Those are my insights!

Erica

EricaNelsonEstates@gmail.com
www.EricaNelsonEstates.com
408-416-7090
... more
0 votes 11 answers Share Flag
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