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95135 : Real Estate Advice

  • All27
  • Local Info2
  • Home Buying14
  • Home Selling2
  • Market Conditions0

Activity 24
Tue Feb 7, 2017
Slickshyster answered:
A contract is a contract is a contract. A written contract is a binding and enforceable agreement. Get a lawyer. If the bank continues to give you trouble, sue them and tie the house up for years. The bank will be unable to sell the property as long as you make a claim against its ownership or title.

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0 votes 26 answers Share Flag
Mon Apr 25, 2016
Derek Jones answered:
I'm not sure what the previous agent is talking about with it not being legal or proper but yes you can represent yourself and buy a home without an agent. People unknowingly do it all the time when they buy new construction without their own agent as the agent that is there is representing the seller/builder. ... more
0 votes 4 answers Share Flag
Sun Jun 21, 2015
Sam Shueh answered:
Tru posts a listing but does not sell it. Costs associate with selling lies with title/realtor.
It is just a 3rd party real estate site

Sam Shueh
0 votes 8 answers Share Flag
Thu Nov 6, 2014
John Connor answered:
I am unsure how to do what you are doing. Why do you want to add the broker to the insurance? I am a little confused to why. I know that some policies will be a little stingy to who can be added to an account but other than that I don't know. ... more
0 votes 4 answers Share Flag
Wed Feb 26, 2014
Guru Toor answered:
Hi Andre,
You need to speak with your mortgage consultant.
Once you know how much of a home you can buy, it is only then you could focus on the areas where you can afford to buy.
The information in your questions is not enough. ... more
0 votes 2 answers Share Flag
Tue Dec 17, 2013
Lisa Wiseman answered:
Jill, Jason has provided you with some great resources and ideas. As you didn't mention your price range, you might want to check out to see if what you can afford is realistic for that area. ... more
0 votes 2 answers Share Flag
Thu Sep 12, 2013
Michelle Carr-Crowe answered:
Those are both beautiful areas. What are your priorities? HIghest API scores for the schools? Largest lot? Newest homes? Shortest commute?

Agents like me can give you many opinions and show you trends in value, but it really only matters what home and neighborhood you believe is the best fit for your family.

My best advice to you is to spend some time in the neighborhoods, such as the nearby parks and grocery stores-do you feel comfortable there or out of place? Are people friendly, oblivious or hostile?

Evergreen and Almaden are both lovely and have appealing schools and neighborhoods. Re-visit your priorities with your buyer agent to discern which home is the best choice for you.
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0 votes 8 answers Share Flag
Sun Aug 25, 2013
Michelle Carr-Crowe answered:
Keep in mind that a smaller home will have a higher price per sf due to the fact that any piece of land with a home on it in Silicon Valley has an intrinsic value; and an even higher value if it is located in a prime school district such as Cupertino or Palo Alto.

There is a good reason appraisers do not calculate valuations based on price per square foot.
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0 votes 5 answers Share Flag
Sun Aug 25, 2013
Michelle Carr-Crowe answered:
Hi Hansood, I can send you the most recent Santa Clara County API school scores.
You can view it online here at,SANTA,CLARA ... more
0 votes 5 answers Share Flag
Sun Aug 25, 2013
Michelle Carr-Crowe answered:
This is the unpleasant side of syndicating websites. Once such a site picks up a listing, it often refreshes the same info over and over instead of any new pending or sold status.
0 votes 5 answers Share Flag
Sun Mar 31, 2013
Juliana Lee answered:
Be sure your agent is trying to keep a friendly flow of information coming from the listing agent. The process generally involves a large bureaucracy (original lender) which provides little information and provides it slowly. Unfortunately don't be too surprised to see last minute demands (for more money).

Good luck,

Juliana Lee
Top 2 agent nationwide at Keller Williams Realty

Over 30 years experience
Over 1,000 homes sold in Santa Clara and San Mateo Counties
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0 votes 11 answers Share Flag
Sun Mar 31, 2013
Juliana Lee answered:
You want to be careful about changing your finances. It is too common that first time buyers move money thinking it will make the loan process easier but in fact it slows it down because the lender wants to follow where your money has come from and where it is going.

In terms of improving your credit score be sure you make timely payments, do not take out new lines of credit, if you have a report listing any delinquencies review it and if there are errors contact both the credit reporting agency and who reported the delinquency.

But above all, talk to your loan company about what you plan to do.

General information about home loans and mortgages at

Juliana Lee
Top 2 agent nationwide at Keller Williams Realty

Over 30 years experience
Over 1,000 homes sold in Santa Clara and San Mateo Counties
... more
0 votes 7 answers Share Flag
Sun Apr 22, 2012
Ruth and Perry Mistry answered:
Amazing how a question from 2007 still gets answers ;-))
0 votes 13 answers Share Flag
Tue Jun 28, 2011
charles butterfield answered:
Based on the information that you have presented, the property is overpriced at $1,400,000 and an offer of $1,100,000 would be a very reasonable offer. In fact it would be a very good offer offer for the seller.

If you want the property, I recommend that you make the offer.
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0 votes 9 answers Share Flag
Tue Jun 14, 2011
Agent4u answered:
Hi Ron,
If you are still in the market, please contact me / 408-395-0540 so I can explain to you how to handle this situation, real estate & loan
thank you, kq :-) ... more
0 votes 10 answers Share Flag
Thu May 5, 2011
Phil Rotondo answered:
Whether BofA can or cannot is moot. The biggest is that your lender will only finance up to $80k. So, unless the appraisal is contested and/or corrected, you may have to move to another home. ... more
0 votes 2 answers Share Flag
Wed Nov 10, 2010
Catherine Bedrossian answered:
Being a numbers person, here is how I would analyze the situation and try to make a decision based on the numbers and my overall goals in Real Estate ownership. I had to make some assumptions, so please know that my financial model is based on these assumptions which may or may not become reality in the next 4 years. They are simply educated guesses.

Approx interest paid over 48 months @ 6% on 520K = $121,000
Approx interest paid over 48 months @ 4.5% on 420K = $73,000
Total Interest Savings in you refi now = $48,000

Interest you could earn on Investing $100k in a 3% T-Bill over 4 years = $17,000
Min cost to refinance if you can get the 4.5% loan @ 0 points = $3,000
Total lost income on $100k cash on hand + cost to refinance = $20,000

Grand total savings as a result of refinance = $28,000

Let's assume your townhome appreciates 10% over the next 4 years and you sell it for $575k
Let's assume the dream home you are looking to purchase costs $700K today and $770K in 4 years due to the same 10% appreciation in value. Based on these assumptions you will be paying $20,000 more to move from your existing home to your desired home in 4 years.
The big unknown is where interest rates will be in 4 years? If they are back to 5.5% assuming that you use your $28,000 in interest savings + your equity in the house, less selling and new home purchase closing cost expenses you will have approx $122K to purchase and finance the rest ($620K) your monthly payments will be $3,520/month for 30 years starting in 2015

Now let's assume you purchase the upgraded home @ 700K today and have to pay $15,000 to Make the sale of your existing home happen without a short sale. Then take the remaining 85K and purchase your dream home for 700k (10% down + closing costs and 80-10 financing) Your monthly payments for the new home for a 30Yr 1st TD of $560k @ 4.5% and 15 Yr 2nd TD of 70k @ 7.5% would be $3,486/month for 30 years starting 2011.

There are some other considerations, i.e. your tax base will be lower on the new home if you buy now. Can you make the $3,486/month Payment? Not knowing your original loan amount, I will assume you are currently paying between $3,200-3,300 per month P&I on your existing mortgage.
I hope you find some of this information helpful.

Best Regards,
Catherine Bedrossian
Home Sales Maker
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0 votes 10 answers Share Flag
Tue Jun 1, 2010
Don Tepper answered:
Landlords generally either love or hate Section 8 tenants. You're apparently running into the latter.

What you have to do is show them: (1) the benefits of Section 8 from their standpoint, and (2) that you'll be a model tenant. ... more
0 votes 1 answer Share Flag
Tue Jun 1, 2010
Thuan Nguyen answered:
0 votes 3 answers Share Flag
Sat Jan 16, 2010
Propheus answered:
Sorry to resurect a dead post but I think it is worth commenting on. We are currently in the process of making offers on multiple short sale properties. The banks in this area have been taking 1-6 months to respond to offers because the prices have appeared to have hit rock bottom. While I can understand the banks position, it is simple nonsense to suggest that making one offer at a time is an ethical consideration. It is unethical to misrepresent your position and your intentions, it is not unethical to expect a timely response to an offer. You can bet that banks are taking as long as they are because they are waiting for better opportunities (included increased market price, judgements agains the original seller etc). Your realtor's responsibility is to represent you and it is unethical for them to discourage you from acting in your own best interests, their job is to help protect you. That being said, read between the lines on your offer, if you are representing that by signing this offer that you have a deal then you are breaching contract by not purchasing the property when they sign it. Your realtor should understand this.

I would be very interested to hear how it turned out?
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0 votes 15 answers Share Flag
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