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Newark : Real Estate Advice

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  • Home Buying29
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Activity 76
Sun Jul 16, 2017
Yoshi asked:
We are planning to buy a townhome in Freemont/Newark, CA area. The townhome has 20-30 owners and approx. 30yrs old. The downside is HOA fee of $425/mo. Also, HOA covers only roof, water…
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Mon Jul 10, 2017
Kathy Burgreen answered:
First - NEVER trust school ratings from real estate websites. You can use greatschools.org as a guideline but your best method is to wait outside the school in the morning or afternoon when parents drop off their kids or pick them up from school. TALK TO THE PARENTS!!!! Have either cards with your contact information or note stickers with your contact information so if parents are in a hurry, they can call you back. Just briefly explain that you're thinking of moving into the area and you want to get their opinion of how the local schools are.
If you can't wait outside the school, visit local parks, places of worship, grocery stores, etc. Most likely you will encounter parents who have kids in school and you can ask them your questions.
Next - Talk with the administrators and teachers. You can even leave your contact information with the office staff and instruct them to have somebody from the Parent Teacher organization to call you.

Having been married to a high school teacher who taught for 30 years (now retired), what makes a school great is: parent involvement, school budgets, class sizes, whether parents contribute additional funds towards their school, teacher recruitment and teacher turnover, number of students meeting and exceeding state standards, whether additional resources, courses, etc. are available, technology and does the school provide additional services.
You will notice that some schools have more than others.
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Mon Jul 3, 2017
Kathy Burgreen answered:
First, do your family a HUGE favor - buy an old home in San Jose and skip the new construction. Based on questions from Zillow's Advice forum (before Zillow shut it down) and Trulia's Advice + my experience as a realtor, here is what you DON'T know:

1. Builders know well that buyers like you LOVE brand new construction homes and each buyer that signs a contract it's money in the bank and builders view buyers as suckers which is why they get away with pricing homes above what similar older homes are selling for.
2. The purchase contract that builders use is written by lawyers to benefit them - not you. Builders never use the standard state contract that realtors use. Before you sign their contract, take it to your attorney to review and possibly change the terms to benefit you. Be prepared for the builder to use sales / bullying tactics to prevent you taking it to your attorney. Also, if any of the terms have changed, don't expect the builder to agree to it.
3. Builders need to make a profit so negotiating the sales price is out. Buyers who bring their own realtor on the first visit will typically get a break on upgrades, closing costs, fees or other items that don't affect the builder's bottom line for profits.
4. The main reason builders will not negotiate the sales price is if one home sells for less, then every home built after that will sell for less. Therefore, the builder needs to keep the sales price high so every home is not lowered.
5. Expect dates to be ignored. You may be told when to expect completion, when to expect other things, etc. According to previous buyers who complained, the typical method of builders is delay, delay, delay.
6. Construction materials used. From the complaints, it seems builders are taking shortcuts.
7. If you need a lender - find your own lender. Lenders who are connected with the builder and working on site, will charge higher fees, higher interest rates and terms that benefit the builder.

Now about that "old" home in San Jose (or nearby)?
1. You are dealing with an individual homeowner which means they are willing to negotiate on price (in most cases).
2. You can have as many contingencies in your contract as you wish. Example: in addition to the standard home inspection, you can also add a roof inspection, insect / radon inspection, etc.
3. If you buy an older home at a good price, you can spend money doing upgrades / renovations. You will still pay much less than a new construction home.
4. You can gain equity immediately after purchase. With new construction, it takes about 4 - 5 years to gain equity. This is because new built homes are priced higher than they should be.
5. The contract will benefit you - the buyer.
... more
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Mon May 8, 2017
Vartakanjaliv asked:
I am thinking of buying a house / condo alongside of 880 freeway in Newark. It is a new construction. Floor plan is good but the view from living room is the whole highway and the exit road.…
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Mon Apr 24, 2017
Sheryl Arndt answered:
Hello Wayne, not really as it is still a sellers market so homes are going for the market value. Do you have an agent to represent you to negotiate? Are you looking for brand new construction or available inventory?

You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather some documentation for each applicant.

You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
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Thu Feb 9, 2017
orshi.corpos answered:
I say leave it empty and clean. when I am home shopping I like to imagine my own items in there... also staging is expensive and you don't always get your house sold faster or money.
0 votes 18 answers Share Flag
Thu Feb 9, 2017
orshi.corpos answered:
if schools are not good now they wont be good later either...not with the current political situation we are in. I suggest you look in an area that meets all your needs, location, schools, and everything else that is important to you. ... more
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Fri Nov 4, 2016
Susie Kay answered:
Your new broker should be able to assist you in the switch. If they don't want to be bothered then it tells you that you can't count on them.
0 votes 3 answers Share Flag
Thu Nov 3, 2016
Scott Godzyk answered:
NO, you should have got a copy of the contract to review before you signed, then got a copy after you signed and if your getting a mortgage the contract would have had to be sent to the mortgage co or bank. Your agent should have a copy and if you didnt hire one, your lawyer should have one. If you didnt have a lawyer review your paperwork, you may need to contact one now. ... more
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Sat Oct 29, 2016
Rich Reed answered:
If you're a Realtor, you can sign in and read about it here: http://www.car.org/legal/broker-practice-folder/changingoffices/
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Mon Oct 17, 2016
Susie Kay answered:
Your agent is your best advisor now and I would suggest asking your agent on what you can and should do next. Also read your contract again and see what is written there. Here in Texas, buyers have an option period and during the option period buyers have the unrestricted right to terminate. If buyers exercise this right during the option period then the earnest money will be refunded. ... more
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Mon Sep 5, 2016
Renee Vargas answered:
I will say as a Realtor and Resident of Newark there are only a few neighborhoods that are not effected by trains, when I first moved here I moved right next to the tracks and found, I started not noticing them and knew the time of day according to what train whistle went by LOL. Sorry but the schedule is very frequent at times. here is a link that may help you. Should you still be looking around Newark

http://www.americantowns.com/ca/newark-traffic-trains
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Thu Jul 14, 2016
twojamess asked:
Square footage should be 5000. I also want to add a description. See below.

Open house 7/16 and 7/17 1-4pm Location! Location! Location! This charming single family home (3/b, 1/bath)…
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Wed May 11, 2016
remi del mar asked:
I added a house for rent a while back, and while I dont see it...I still get emails and inquiries. How do I remove it?
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Tue Mar 29, 2016
Arpad Racz answered:
Hi,

It depends on a lot of factors. If it fits your personal needs (commute, etc.) that can be one perspective.

With new homes in some cases, (as can be expected) they are selling at a premium often compared to the nearby neighborhoods with older but remodeled homes. It is a good idea to look at comparables in the area, and figure out roughly what the premium amount is between the new home and the nearby neighboring homes and decide if that is acceptable to you. Often the older but remodeled homes have a larger or normal lot, while the new homes are on a smaller lot.

If you would like some input on a Specific new home, please email me from my profile.

All the best,

Arpad
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0 votes 1 answer Share Flag
Thu May 28, 2015
answered:
The answer lies in how much each of you make and which type of loan you will need. The simple answer is that if you make enough to qualify without him, then leave the fiance off.

There are a couple of loan officers that come to Trulia often that help you work on credit. I am one of them.

So you can call someone like me or use someone like Lexington Law. Watch out a lot the credit clean up places are pretty much a scam.
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0 votes 2 answers Share Flag
Wed May 27, 2015
maria answered:
Hi Luve,
I live in California and own a house in Broward County, Fl, its been a rental for the past 5 years. Now my tenants are leaving and I'm wondering whether is a good time for me to sell and buy in Ca, or keep on renting for one more year.
Would love to hear ideas!
Thank you,
MM
... more
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