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Home Selling in Milpitas : Real Estate Advice

  • All216
  • Local Info13
  • Home Buying121
  • Home Selling11
  • Market Conditions7

Activity 19
Thu Jun 9, 2016
Randall Ortiz answered:
You're not required to use an agent, but I would definitely suggest working with one. A good agent will protect you with the proper disclosures, know how to properly market your property, negotiate and decide on a good value to list the property. A good agent can potentially net you a lot more money for your property. ... more
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Wed Mar 9, 2016
David Owens answered:
Selling a house is unlike selling a car. The process of selling a home is very complicated and the risk of errors can be high and expensive.

Advertizing is another area where a Realtor has definite value to a seller. Placing listings on the MLS so other agents know the property is for sale, talking with people who the Realtor knows is in the market for the property and other agents they work with are effective ways to get potential buyers to make offers. FSBOs who put a sign in the yard and list on Craigslist limits the market exposure for the property and could significantly reduce the sale price.

Many people have also mentioned safety as a concern but I won't elaborate on that very valid point.

Often people think they can save money or increase their net by FSBO. But working with a good agent can easily offset the cost, sell the property faster, and reduce the stress and anxiety of the sale process.

David Owens
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Mon Jun 8, 2015
Kevin Bui answered:
Hi Fernando,

The answer depends on the family- If they have little children, a pool may be a turn off for safety reasons. Also, the time/cost of pool maintenance could also change a buyers mind. ... more
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Tue Feb 17, 2015
Alexander Greer answered:
You are posting in the form. Trulia does not monitor the form like a contact us page. You can to contact them for something like this.

I do not check replies, so if you have a comment or question email me here:

Alex Greer
Loan Officer
NMLS #1056079
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0 votes 1 answer Share Flag
Sun Sep 7, 2014
Huey Nguyen answered:
Hello Jeriknorris,

This is a hard question to answer, because I don't have any other details about the home or why you want to sell.

Generally, more buyers are searching for homes in the summer, because they want to have their children enrolled in their new schools by the time the new school year rolls around. However, the Bay Area real estate market has been very hot lately, and there has been no significant cooling off period in fall/winter.

I can maximize your property's value and get you the best sales price for your home. I am located in San Jose and have sold homes all over the Bay Area, including in Milpitas as well. I know the area very well.

Please contact me for a free evaluation and consultation. I will get your home SOLD! I can help you!

Best regards,

Huey Nguyen
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0 votes 2 answers Share Flag
Mon Jan 27, 2014
Grace Vaccaro answered:
Both, however, over pricing your home will not have it sell. Right now, we do not have a lot pf properties on the market and pricing your house right, may cause a bidding war.
Grace Vaccaro
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Wed Apr 10, 2013
Meena Gujral answered:
Hello Chris,

Just wondering if you sold your house or if you are still considering selling since this question was posted a while back.

At our Company, we charge a set fee for our services, as opposed to the traditional 6 percent commission, which, in turn, helps you to retain a greater amount of equity while still receiving all the real estate services you expect.

Our agents are fully licensed professionals, members of the local Board of Realtors and of the National Association of Realtors®, work with both Buyers and Sellers, and provide a full range of real estate services.

Our unique marketing strategies drive a steady stream of traffic to our website and offices, which results in many buyers for our listings and many new listings. Additionally, our streamlined operations and cost efficiencies translate into low overhead and savings that we pass along to consumers with our low set fee.

Meena Gujral
Help-U-Sell Achievers Realty
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0 votes 10 answers Share Flag
Mon Jul 9, 2012
Elena Talis answered:
The main issue here is the ceiling height. No area can be considered a living space if the ceiling is below 5ft. Al other requirements may be easier to satisfy, like window size and heating system. If you are doing it for resale or rent, go to the city and talk it over with them. ... more
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Fri Jul 6, 2012
Cindy Davis answered:
Those that can afford to wait until the market exacts a higher price are waiting. Add to that all the short sales sitting and waiting for approval from lenders, and the foreclosures that the banks are holding into....that spells a real shortage of inventory which everyone is feeling this summer! ... more
0 votes 6 answers Share Flag
Sun May 13, 2012
Mitchell Pearce answered:

I would not worry about the buyer not signing the extension of time addendum before you do. Since your agent is preparing it, you are basically offering to extend the contract, so you sign first, and the buyer has an option to sign or walk. If the loan contingency lasts till the loan is funded, which any competent buyer's agent should check on the initial offer, then the buyer gets back their earnest money deposit if the transaction does not close due to lack of loan obtained by any stated time.

When you make an offer to extend time, you can ask, if you have not already, to see the buyer's proof of funds to close. Make showing this proof as a condition of the extension. This will answer your question as to whether they have the money to pay the down payment and their share of closing costs. You should hope that they have considerably more money than necessary in case the appraisal comes in too loan and the bank won't loan the amount of money the buyer anticipated needing. You can also ask, at this point to look at their income, such as most recent pay stubs, and do a rough calculation of whether they have the income to qualify for their loan.

I would also ask if they took the loan to a broker rather than to a correspondent bank or retail bank. Going to a broker often slows things down a lot. It may also be a sign that they knew they would have trouble getting the loan. Ask, if they are with a broker, to which bank the loan has been committed. I f the answer is none yet, then you have a worry. At that point, I would look at back up offers. I would suggest your agent call back the next highest bidders and see if they might still be interested in your home.

One technique you might want to employ now is to make an offer to extend time ON THE CONDITION, that the loan contingency expire automatically, meaning without having to be released, by a certain time. This will put the buyer in the position of evaluating whether they can risk the loan not coming in. If they can't, and are not sure the loan will come in, they'll back out. If I were advising my client on this, I would give the buyer at least ten days before that expiration of loan contingency. The appraisal won't get to the loan officer for about five days after the appraiser visits the home. If the appraisal comes in too low to support the loan (common now in a market of rising prices for regular sales but appraisal values being held back by short sales and REO pricing and delays in closing at those prices), then the buyer either has to have more money for down payment or give up the transaction. Please give them time to find that out before they have to fish or cut bait.

If you decide not to extend the contract, then ask your agent to send a notice to perform. The agent can explain the timelines that then come into play before you place the home back on the market. Placing it back on the market, if you don't already have a back-up offer and your home is in the lower end of the price range, may be a blessing; prices are moving up rapidly in the lower end of the price range.

I hope this helps ease your anxiety and gives you some direction you can discuss with your agent.

Mitchell Pearce
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Wed Sep 28, 2011
Mitch Wong answered:
Hi Chris, I think your letting fear drive you. Are you working? Can you afford to make the payments? Real Estate prices have hit bottom. In some places the prices have started to climb up. Of course timing is important. What are your plans? Are you planning to sell and then rent. Well rents are going up, it may cost you just as much to rent as to own considering the tax advantages of ownership. I would only sell if I were to sell and then buy another property. If your interested we can talk further. I can be reached on skype: mitchwong. Or You can email me further questions at Good Luck, Mitch Wong Intero Real Estate ... more
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Thu Jan 20, 2011
Sam Shueh answered:
People sell and purchase homes in the area. Year around, In 2010 Dec a good valued home near the foothill was sold on first weekend with multiple offers.

If your home happens to be in a good school folks want to move in before school starts.
Good valued homes always sell quickly.
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0 votes 12 answers Share Flag
Sat Dec 11, 2010
Kevin Vo answered:
Hi Anna,
I would say between $300K and $350K depending on the condition of your house. Any agent can do a comparable market analysis (CMA) to help you determine the price.
Good luck,

San Jose Realtor
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0 votes 4 answers Share Flag
Wed May 26, 2010
Mary Pope-Handy answered:
This is one of those times when you really should speak with an attorney, not a real estate sales person. But, in general, here are 2 rules of thumb:

1 - Uncle Sam (that is, taxes) always get priority
2 - Whoever or whatever is filed first or earlier usually gets priority

If you cannot afford a lawyer, seek out a legal professional via the Legal Aid Society, which is low cost to no cost.

Mary Pope-Handy
Sereno Group
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Thu Jan 21, 2010
Jerry Zang answered:
PKM. For refinance or purchase, lenders only use the appraiser they approved since May1st,2009.
My client did refinance, first went with bank of America what apprised value that is 10% lower than market price in Palo Alto. Then, I changed a lender,and loan was approved.It took only 21 days. Realtor cannot enforce the appraiser . When you list your house, Realtor can do CMA report to show you comps. But there are o many REOs and Short Sales in MIlpitas, it will hurt you. Also, list your house a little lower than others, you might sell it more quicker and higher price. Before list your property, you'd better paint it. Good news is Milpitass is a hot spot. Price goes up, and sell quicker if you priced right. I help over 7 buyers bought properties in Milpitas only during past 3 moths. Good Luck! ... more
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Sun Sep 27, 2009
Becky Strauss answered:
First we would have to gather information to be able to create a comparable market analys to see how much your condo is worth. How much do you owe? Perhaps renting your condo is an option. Do you have money for a down payment? There are many factors here. I am a real estate expert in Milpitas. I was vocted Best Realtor and Mortgage Broker for five years in a row for the city of Milpitas. Let's make an appointment so that we can get together so that you can make a sound decision.

Becky Strauss - Milpitas Expert
Broker - Broker ID #01202596
Phone: 408-718-2667
Fax: 866-805-6434
... more
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Wed Sep 16, 2009
Becky Strauss answered:
Hello Anna, I am guessing you want to buy a home. If this is the case the new townhomes vary in price depending on ammenities and location of property. The homeowners association dues vary also.
I can tell you they are offering excellent deals right now. I live and work here in Milpitas. I was voted one of the best realtors in Milpitas for the past 5 years.

Please contact me with more details. I would like to ask you a few more questions. Below is my link to my website with all my contact information. I look forward to hearing from you.
... more
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Tue Jun 23, 2009
Gg asked:
to start it in a partnership. The best place to start a preschool is from your own house but I have lot of restrictions in my house which is also rented. What can I do? How can I start?…
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Sun Sep 14, 2008
Erica Glessing answered:
Hi Wilson,

The thing about Zillow is that it runs to the "gross" or generalized results. So if your home is on a quiet cul de sac or the busier Park Victoria or the extremely busy Calaveras Blvd., Zillow may not be able to well discern these individualities.

In North Valley and Milpitas, short sales and foreclosures are bringing some of the numbers down so quickly that in fact, in some cases, Zillow is about $100K over the actual sale prices people are experiencing in this market. For instance, at Somerset Park, a nice complex of condos in North Valley, homes are selling for high $250Ks and Zillow still has them at $355K.

Try not to stress over it. If you are going to sell your home, get a great realtor who will promote with intensity, and help you stage, clean, fuss and generally brighten your chances with all tools available. Including if you can a great feng shui check and "cleaning" of the energy of the home. Seriously, I believe that all tools are needed to get the best price you can.

Zillow is trying to keep up with the home pricing but it is not perfect. Your best measure will be to find a similar home on a street like yours with schools the same as yours -- and lot and square footage close to yours -- and find out the closed price on that home within a few weeks of time. That's your best indicator of value. The computers can't quite keep pace with the market.

I don't think you can personally change your Zillow zestimate by sharing comps with Zillow that point to a higher value, but if you succeed in that challenge, let me know because that would be good information.

Good luck!

Erica Nelson
... more
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