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94024 : Real Estate Advice

  • All20
  • Local Info1
  • Home Buying7
  • Home Selling3
  • Market Conditions2

Activity 18
Fri Mar 31, 2017
Maricris A answered:
Hi,

I sent an email to you about this concern.

Regards,

Maricris
Consumer Care advocate
0 votes 1 answer Share Flag
Sat Mar 25, 2017
Ksytwu asked:
Please OPT OUT my name, Karol Sytwu, from your website as I am not active real estate agent at present time. Thanks - Karol Sytwu
0 votes 0 Answers Share Flag
Sat Jul 23, 2016
Arpad Racz answered:
Hi Angelica,

Are you trying to see what the After Repair Value would be?
Please feel free to call me from my profile.

Kind regards,

Arpad
0 votes 1 answer Share Flag
Tue Jul 7, 2015
Tony asked:
Recently, there were two accidents, where cars slammed deep into people's backyard after knocking down the weak walls along Foothill Exp. These accidents can be deadly. Will the city…
0 votes 0 Answers Share Flag
Thu Jun 5, 2014
Bob Gerughty answered:
Lot is land locked. An access road needs to be built, and utilities need to be brought in from the street. Must take into account these expenses if considering this lot. Also, the lot is near Highway 280 and have some freeway noise. Form your own judgement knowing that these factors exist. ... more
0 votes 1 answer Share Flag
Thu Oct 17, 2013
Susan Sweeley answered:
The home listed for $1,478,000 on April 10th. Sold for $1,450,000 on May 14th.

Yes the market was really moving fast then with multiple offers after one weekend on the market. This home took a little longer due to it facing onto a fairly busy street. Cute home. ... more
0 votes 7 answers Share Flag
Tue Oct 15, 2013
Tony answered:
This house (10549 Creston Dr.) finally was sold for $1,245,000 (http://www.redfin.com/CA/Los-Altos/10549-Creston-Dr-94024/home/1764446)

Now compare the above house with its almost similar next door neighboring house (10481 Creston Dr.), which was sold for $1,620,000 (http://www.redfin.com/CA/Los-Altos/10481-Creston-Dr-94024/home/774346)

Even though the house at 10549 Creston Dr. was a short sale, the price was being manipulated badly, yet banks approved? There is some thing strange going on! Which price is the correct price? House prices can be manipulated by people involved in the transactions, can't they?
... more
0 votes 12 answers Share Flag
Thu May 30, 2013
Juliana Lee answered:
Most cities have similar but not identical requirements. Palo Alto has a useful zoning manual online at http://www.cityofpaloalto.org/civicax/filebank/documents/8569

If the structure has something that could be considered a kitchen, the city could see it as substandard housing and not be very helpful. If it is just a workshop and it meets the daylight plane requirements, you might be able to bring it up to code. (Typically you can build a workshop under 100 sf)

Generally you can talk to the planning department without triggering them to come out for an inspection. However each inspector interprets situations slightly differently. Short of applying for a permit, you won't get a "guaranteed" answer.

Los Altos real estate information at http://julianalee.com/los-altos.htm

Juliana Lee
Top 2 agent nationwide at Keller Williams Realty, the nations largest
Cell 650-857-1000

Over 20 years experience
Over 1,000 homes sold in Santa Clara and San Mateo Counties
.
... more
1 vote 3 answers Share Flag
Fri Apr 12, 2013
Vinicius Brasil answered:
I have one available on 1614 Hollingsworth Drive in Mountain View.

http://sfbay.craigslist.org/pen/apa/3719873852.html
0 votes 1 answer Share Flag
Tue Apr 9, 2013
Cindy Davis answered:
0 votes 1 answer Share Flag
Tue Mar 13, 2012
John Bender answered:
LOL. Debra, this question was posted almost 3 years ago. I think the agents that posted an definitive "yes" probably are no longer in the business.
0 votes 20 answers Share Flag
Tue Mar 13, 2012
Debra Ahn answered:
Hi,

If you have paid the first installment of taxes, due no later than December 10, but have not paid the 2nd installement due no later than April 10 and you close escrow before April 10, you should be fine not paying for the preoperty taxes separately as long as there are enough proceeds from the sale to pay the property taxes. However, even if you were to pay the taxes, it will be prorated and credited back to you at close of escrow so it will balance out either way. ... more
0 votes 2 answers Share Flag
Thu Dec 16, 2010
Bryan Robertson answered:
In short, 24 hours for syndicated data (straight from the MLS) and immediately for manually entered listings. Agents can post listings themselves which often results in duplicate listings.

Your most accurate source of listing data is Realtor.com or MLS Listings which is the local listing service for Silicon Valley.
... more
0 votes 3 answers Share Flag
Thu Aug 26, 2010
Bryan Robertson answered:
I'm a little late to this party but have to chime in with an answer. Los Altos has NOT declined this year and is trending up slightly as I predicted at the beginning of the year. In Q2 2010 the median home price was flat at $1.5M versus Q2 2009. The average price was actually up in same period 2.2%. We're well into Q3 and prices are still trending flat to up. Inventory is down significantly and will likely remain low.

These are solid figures based on MLS data. I debunked the report that the New York Times published as mostly false using actual data from county records and the MLS. While Corelogic might seem to know what they're doing, the projections don't align to real data.

I make projections based on past trends and historical patterns. That said, I think we'll see Los Altos show an average price increase of 3% for the year. Since Los Altos was one of the last places to get hit (Saratoga was sooner and hit much harder), we've been one of the first to recover.

There are a lot of great deals in Los Altos. While the rapid growth has gone away, buying a home here will remain a good long-term investment.
... more
0 votes 14 answers Share Flag
Sat Jul 10, 2010
Gilbert Richards answered:
I would agree with the previous postings. It was either a family transfer where they retained the assessed value or it could be a foreclosure on a 2nd mortgage. I doubt the ladder greatly. ... more
0 votes 5 answers Share Flag
Mon Aug 10, 2009
Tony answered:
Optimizedprime has pointed out several key points for Los Altos that so far don't make much logical sense according to the current real estate market.

P/R (price-to-rent) ratio is completely ridiculous at Los Altos. For the current high price to buy a home or condo, it would definitely much cheaper to rent right now in Los Altos. For example, a 1-million dollars home here will rent out for at most $3500-$4000/month, which couldn't even cover the 1-mil dollars mortgage monthly.

During the real estate boom, home prices in Los Altos has significantly increased just like other places during that time in CA. However, during the burst, other places dropped by 40%-50%, yet Los Altos has not dropped at comparable percentage. Will it drop down to 40%-50% and when? Impossible to know.

The average income of the people in this town doesn't support the high home prices. I came to a conclusion that homes in Los Altos majority owned by people who have been living here for a long long time (pre-Silicon Valley time) when prices were still cheap, and those who gained a lot of money from stock options and cash it out before the Tech era burst. And because it is a small town, there are not a lot of homes for sales, the down trend of prices will no doubt occur, but at much slower pace and for a long time. This factor depends on the number of home for sales in Los Altos in the future.

I myself will refuse to pay at such a high price for Los Altos. I continue to rent here, while maybe looking else where to buy if opportunity arises.
... more
3 votes 7 answers Share Flag
Fri Feb 20, 2009
David Blockhus answered:
Jeepie,

In my opinion and in the short term, I would sit tight and watch the market. At 4.375%, you have a great rate for the next year. In March the conforming rate cap will go back up to $729,950 and it will take some time for rates to adjust to this cap (ie. as more and more lenders come back into the market at higher loan amounts, the lower these high end rates will be). If you need to make a change wait until about 6 months after the higher conforming rate comes into play, you'll likely get a more competitive rate.

I would also check with a good lender whose job it is to follow rates (and their indicators). If you need one, call Greg Vanslow at Princeton Capital at 650 948-0456. He has done a good job for me the last several years.
... more
0 votes 3 answers Share Flag
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