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Home Selling in Mountain View : Real Estate Advice

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  • Local Info24
  • Home Buying116
  • Home Selling16
  • Market Conditions10

Activity 28
Tue Aug 1, 2017
Steve asked:
I am a homeowner in Mountain View CA, Gemello neighborhood. Our home is 1550ish sq ft. 3/2 with a 560 sq ft great room. Should we convert the back of the great room to small 4th bed (11'x11')…
0 votes 0 Answers Share Flag
Thu Jul 6, 2017
Flux9866 asked:
Wed Dec 21, 2016
Realestate answered:
Wow, it's amazing how these real-estate agents are able to talk a lot of crap without actually providing the answer!
0 votes 7 answers Share Flag
Sat Oct 15, 2016
Susie Kay answered:
Toni,

I would suggest that you discuss this with your realtor. Also I agree with Sally below that typically maintenance on the property is the seller's responsibility. The agent; however, should come check it periodically and report any items that need to be addressed. ... more
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Tue Jun 21, 2016
Arpad Racz answered:
0 votes 2 answers Share Flag
Mon May 16, 2016
Walter 'Skip' Kersten answered:
Hi Damon,
Assuming there is no prepayment penalty on your loan, you would be out sales commission and closing costs. Figure about 7% of sales price or roughly $25,000. You would receive about $48,500 back at closing ($73500-25,000).
Good luck
... more
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Tue Oct 27, 2015
Sam Shueh answered:
If it was declared as business investment you may be able to claim a loss. If it is for personal use as principle residence you joined the rest of American home owners.

Here is the link:
https://www.irs.gov/uac/What-if-I-sell-my-home-for-a-loss%3F

Suggest you confirm with a tax return filer...
Sam Shueh
... more
0 votes 2 answers Share Flag
Tue Aug 4, 2015
Arpad Racz answered:
Hi,

Yes, it would be an ok time to list your property, as there are still a lot of buyers interested in Mountain View at this time. I am local to Mountain View, so please feel free to contact me for more specific details on your particular home.

Kind regards,

Arpad
... more
0 votes 2 answers Share Flag
Tue Feb 10, 2015
Benni.gholami answered:
If you've got a good agent helping you with your house for sale or putting your apartment up for rent, I can tell you that having an open house and staging the scenes of each room is almost a requirement! People have imaginations to envision what they would do with a certain room here and there, but it never hurts to give them a little nudge to help them along the way. In any case, isn't is wonderful to see the living floor and bedrooms so clean and well put together? ... more
0 votes 12 answers Share Flag
Sun Jun 1, 2014
Sam Shueh answered:
A lot of has been posted on what criteria to use. The choice of realtor is really how much your realtor is focusing on your interest instead of his or hers.

Assuming your agent has 10 properties on the market, he/she is unlikely to give you much help after the sign off of contract. I have yet to find the assistant/team have or any idea what has been done or you are going.

Most homes in MV sells by itself with internet/mls. 99% will say the same thing.
... more
0 votes 10 answers Share Flag
Mon May 12, 2014
Terry Bell answered:
Well, it's a year since this question was posted, and as you can see, the market in Silicon Valley is far from crashing! Especially now that companies are finally hiring more people and there is an influx into the area, business is booming as we can see by the growth of the stock market. As the IPO market comes back there will be only more competition for homes in this area. The good news is that more and more people are able to work from home, and able to buy homes in the outer bay areas, or have investments in real estate for retirement for the future. Please drop me a line if I can help you with information about opportunities in the wine country of Sonoma County, please drop me a line! Best, Terry Bell, Realtor
Creative Property Services
Santa Rosa, CA
cell:707-292-5712
TerryinSR@aol.com
lic-BRE#01414808
... more
0 votes 16 answers Share Flag
Sun May 11, 2014
Kim Benedict answered:
Tell them you want to cancel, and it sounds like the agent don't want to seek it. You can go directly to the broker and let them know the situation and they should release you from the contact. ... more
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Fri May 9, 2014
RonS answered:
Not necessarily. While the Mortgage Debt Foregiveness Relief Act expired at the end of 2013 and has not been resigned or extended as of this writing, you may still escape taxation of you meet the insolvency test with the IRS (See IRS form 4681). Note that you may still be subject to state taxation even if you meet the federal guidelines.

As always, consult your tax professional as the opinions on this forum are just that.
... more
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Thu May 8, 2014
Terry Bell answered:
Well, I think the place to start is to contact your tax accountant and see what the effect would be for your selling this year instead of waiting. I think everyone has gotten very nervous about the quick upswing of the market after the disasterous fall of the economy. While there may be some fluctuations in the market along the way of recovery, I think the trend will continue to go up especially in your area where all the tech companies seem to be booming and adding more employees.
If your tax accountant feels that it would not make a significant difference to sell this year instead of next, I would suggest selling this year. However, It sounds like you are talking about your tenants wanting to leave before the end of their lease. If so, why not negotiate with them to stay a month or two more and then put the house up for sale with a close of escrow right after the new year. Why not run the idea by your tax accountant and see if that would meet the requirements.
... more
0 votes 3 answers Share Flag
Thu Dec 5, 2013
Elena Talis answered:
Most probably you can't split it. And even if you can, selling only half of the property will diminish it's value and your share value. I would recommend to sell it as a duplex and split the proceeds with your mom. Then help hew buy a new place. Best of luck! ... more
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Thu Jun 6, 2013
John Walin answered:
Thats the prob with 2nd liens, they hold a lot of power, can change there minds up to closing day! first, is the seller compliant with the bank doc requirements? Too often I have seen sellers faking compliance with bank in order to stall the process and live there for free as long as they can. ... more
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Mon May 6, 2013
Marcy Moyer answered:
Lb,
Here are a few suggestions:

1. What is your sales record in the area?
2. What are your working hours?
3. How do you communicate? ie phone, email, text, facebook?
4. Do you answer your own phone?
5. After I sign the listing do you handle the daily activities of selling my home or do you have assistants that do the work?
6. How will you market my home? Internet, open houses, broker tours, single property web site, eblasts, fliers, etc?
7. What is your preferred pricing strategy? High, low, at market?
8. What are my selling expenses? title, escrow, transfer taxes, hoa fees, etc?
9. Do you like my home? What do you think the positive and negative attributes are? How will you enhance the positives and make the most of the negatives?
10. How long have you been in business?

There are probably more but these are a good start.

Marcy Moyer
Keller Williams Realty Palo Alto
marcy@marcymoyer.com
DRE 01191194
650-619-9285
... more
1 vote 11 answers Share Flag
Sun Apr 22, 2012
Robert Lei answered:
Hi ec,
I don't know if you already unloaded your condo during the low times of 2011, but the market for sellers has drastically improved in early 2012 due to lack of inventory and a multitude of buyers scrambling for the few listings available.

I just sold my client's listing in Mountain View. People think we are still in a downturn, but I was able to sell my client's home at nearly $30,000 ABOVE their mid 2008 buying price. In other words, they bought BEFORE the downturn and sold AFTER the downturn, but I still helped them sell at a HIGHER price (not lower).
... more
0 votes 9 answers Share Flag
Wed Jun 29, 2011
Erica Glessing answered:
It's almost always a good time to sell in the Peninsula right now. Mountain View is hopping with Google and Palo Alto (so close by) has Facebook. You're going to do well whenever you sell.

If you missed the spring window, typically about the third week January my clients start waking up from the holidays. Offering seems the most "exciting" February to April. However, with the nice Mt View schools, you can do well all the way until Thanksgiving. I'd stop from 11/1 to 12/31.

Good luck!

Erica Nelson
Education Expert
www.EricaNelsonEstates.com
408-416-7090
EricaNelsonEstates@gmail.com
... more
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