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Home Selling in San Jose : Real Estate Advice

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  • Local Info145
  • Home Buying886
  • Home Selling129
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Activity 228
Mon Dec 7, 2015
Karen and Paul Catania answered:
I wonder how this one turned out? As is or not a seller is never obligated to do any repairs. San Jose is a pretty hot market still and sellers can take advantage of multiple offer buyers out there and not be pushed on repairs as much as other sellers out there. But in a normal market it really comes down to if you want to sell more than they want to buy. If an inspection uncovers something unexpected that needs to be repaired or replaced even a home listed AS IS can still be negotiated. A seller risk the buyer walking and having to start the sales process all over again. Re listing, showings, negotiations, delay of closing, ect. Is it worth pitching in some $$$ to correct the problem and keep the deal going? Maybe or maybe not. It's easy to say "I'm not repairing anything" up front but in reality you listed your home and most likely want to sell as much as someone else wants to buy. $100,000 market value home gets a $100,000 offer. Inspection uncovers a $10,000 repair needed in dry rot/pest work. As a buyer they are now spending $10K more for a home than it is worth. Seller won't budge on their as is mindframe and buyer cancels. Now you have to disclose they pest damage to the next buyer and most likely you won't be getting that $100,000 offer again. And your escrow will be closing 2 or 3 weeks later than you originally expected dealing with a new buyer. ... more
0 votes 13 answers Share Flag
Mon Nov 16, 2015
89jackmoore answered:
If I were you, I would include it, just to be safe. There wouldn't be anything wrong with leaving it on even if it doesn't need to be. But if it does but isn't then you can run into some issues. Electrical work was done, and if there was anything wrong with the original then it's a repair. I would put it on.
http://www.qualitygaragedoors.ca/garage-door-repair-in-oakville/
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0 votes 9 answers Share Flag
Thu Nov 5, 2015
Ruth and Perry Mistry answered:
Hi Erma:

It comes down to :

1.) what you paid or actual cost when you paid it
2.) what are the gains and how long have you owned it
3.) is your spouse alive
4.) your present age and income status.

But any gains higher than $500K will incur long term Capital Gains.

Good luck
Perry

408-656-5343
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0 votes 8 answers Share Flag
Mon Aug 31, 2015
Arpad Racz answered:
Hi EC,

I would be happy to review the trends on your particular property and cover some market updates that may factor into your decision.

Please feel free to email me


All the best,

Arpad
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0 votes 3 answers Share Flag
Fri Aug 7, 2015
Huey Nguyen answered:
Hello Marikoflorez,

I am sorry to hear about the difficulties you are experiencing now.

This is not enough information, however, to go on and figure out what is the best option for you. Your real estate agent should know your financial situation, your goals, and the real estate market in your area best to figure out how to best proceed.

Lowering the price $150K seems a bit much. What does your agent say about this dramatic decrease? If this will stop you from being able to reach your real estate goals, you should speak to your real estate agent about what to do.

You may also want to talk to your loan officer about some financing options that will help you reach your goals. You could also talk to other lenders about other programs that may be available.

This is a very tough spot to be in. Good luck to you.

All the best,



Huey Nguyen
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0 votes 3 answers Share Flag
Sun Aug 2, 2015
Terri Vellios answered:
We are still seeing a seller's market. Our contract is as-is. It is recommended the seller get their inspections up front then disclosure those to the Buyer. Pick a marketing price that is reflective of the market and repairs needed. Then a buyer will either offer a lower price, perhaps they will ask for a credit, or even better, decide to offer more and accept the house in it's current condition. ... more
0 votes 16 answers Share Flag
Thu Jul 23, 2015
Huey Nguyen answered:
Hello Debbie:

Is the photo you're referring to on Trulia? If it is being pulled from the MLS and your real estate agent took and posted the photo, your agent will be able to change the photo. However, sometimes, Trulia pulls photos from Google, and you would need to ask Trulia how to do that.

Best regards,



Huey
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0 votes 3 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
Fri Jun 19, 2015
Sam Shueh answered:
That neighborhood was depressed during the Great Recession. Many home owners were stuck there. With homes reach historical high, many are cashing out while the price holds well. For 700-800 one can get a home half the price of 95130, 95129 etc.


Sam Shueh
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0 votes 3 answers Share Flag
Mon Jun 8, 2015
Sam Shueh answered:
Sat May 9, 2015
Terri Vellios answered:
Nothing is fool proof, but your situation sounds out of the ordinary. In today's heated market buyers are competing for very limited properties. Some write offers without even seeing the property then back out, and other get buyer's remorse thinking they overpaid.

As a listing agent there are several things I do to vet out the buyer. It starts with a conversation with the Buyer's agent. Then conversations with their lender. Countering the offer with tight timelines so that it doesn't go beyond what is reasonable in today's market. It is both the listing agent and buyer's agent responsibility to follow timelines and insure the contract is being followed. Additionally, if the seller has ordered all inspections and provided those to the buyer and required them to acknowledge them prior to submitting offer can have a binding affect on the buyer. I do discuss this strategy with the sellers on how to position themselves to be in control.

Sorry you are having a bad experience, and without knowing the entire story, I can only imagine that it's not just the buyer's at fault here.
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0 votes 3 answers Share Flag
Fri Apr 17, 2015
Pat Kapowich answered:
April has always been a great month for sellers to sell. However, in Silicon Valley the normal rules of buying and selling depending on the time of year are often moot. Our strong workforce and employees coming and going keeps real estate agent showing properties year-round.

Award Winning Real Estate Agent Pat Kapowich

A Trusted Name in Silicon Valley since 1960.
A Respected Name in Real Estate since 1988.
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0 votes 2 answers Share Flag
Tue Apr 14, 2015
heavenlymettle answered:
Any answer to this might go either way! I have owned a Carpet and Flooring Store in the Glendale AZ Area servicing the entire Phoenix AZ area since 1971 and I have seen design trends come and go just as anyone reading this has. Carpet in homes and businesses has always maintained the number one spot in all flooring applications, be that residence or commercial. 20 years ago certain tile floors were all the rage. Our company and all other carpet and flooring companies in our area, are now covering these same floors with carpet and in extreme cases the owner is forced to remove the tiling entirely due to a variety of flooring issues driving up the cost.
To focus again on this question I'd say that after over 4 decades in flooring carpet is the number one floor covering.
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0 votes 18 answers Share Flag
Mon Apr 13, 2015
answered:
Here on Trulia you can find thousands of questions from people who have horror stories, the result of not using an agent.

If the market is really hot, home buyers resort to buying from FSBO's so there is no competition, and the price does not get bid up. This is the one situation were serious buyers are calling on FSBO's. Was that what you wanted? To avoid having them bid the price up?

When selling by Flat rate fee agent or FSBO you really do not have anyone in your corner. Worse yet they often use your property to generate buyers where they would make much more money if they take them to a listing that is listed with a full service agent.

The bottom line is that usually it is the buyers who save not you the seller, and you do all the work.
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0 votes 4 answers Share Flag
Sat Apr 11, 2015
Arpad Racz answered:
Hi,

A nice kitchen upgrade can add value, as this is one of the focal points of buyers.
One can look at recent sales in your neighborhood to see what remodeled homes and dated homes go for, to get a feeling for the benefit of remodeling. A local appraiser can also give you an idea in value benefits.

Kind regards,

Arpad
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0 votes 2 answers Share Flag
Sat Apr 11, 2015
Susan Gay answered:
A garage door opener is a must. Get rid of the linoleum floors! I wouldn't buy a house without a garage door opener and I wouldn't touch one that still had linoleum unless the price was greatly reduce such a selling as a fixer-upper. Spruce it up, paint, clean, update your lighting, if you can buy pre-fab granite at a great price I would redo my counter tops, but be sure not to put more into it than you will get out of it. Have a realtor come tell you what it needs, then if you can afford it, update it. Most people want move-in ready, turn-key updated homes. ... more
1 vote 14 answers Share Flag
Sat Apr 11, 2015
Elana M. Murray answered:
A great agent who knows your neighborhood and runs a comprehensive comparable analysis that assists you in setting a price to sell, yet nets you $$, is what you need to look for. Right now in my area of SOFLA, it's a seller's market within a specific price point due to shortage of inventory. If seller's would look at the value of a great Realtor instead of the small % they agree to pay in commission, they'd be less hesitant to sell, generating more buyer interest and hopefully, increasing sold prices and even creating multiple bid scenarios in some instances. You also want an agent ho is a good communicator and will keep you int he loop on every aspect of your transaction; leverage technology and all tools available on your behalf. So I think recognizing the value of a great Realtor will go a long way in helping homeowners put aside their concerns and list with confidence.

In addition, I don't think enough consumers understand the commission structure and that 50% of what you agree to pay your agent goes to the buy-side agent (agent who brings buyer). On the List side, for that 50% (of, say, 6% of sale price), your agent is investing a great deal of time and their own $$ marketing and promoting your property to sell at best price. If you pick a good one-she is worth it!

I've written a pamphlet that details the value of a great realtor I'd be happy to email to you...reach out to me at: elana.murray@floridamoves.com
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0 votes 3 answers Share Flag
Fri Apr 10, 2015
Stephen Whitllock answered:
I have a contractor that specializes in preparing homes for the market and I manage the entire process. Using my market proven formula I am able to sell homes for up to 18% above the neighborhood average. Call me today for an initial consultation at (408)206-4142.

Stephen Whitlock
(408)206-4142
Real Estate Expert
Certified Home Selling Advisor
CA Bre # 01351501
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0 votes 13 answers Share Flag
Wed Mar 25, 2015
7slotfever answered:
We recently downsized and moved from TN to OR.
Cramming into a tiny 1460sf home has been a challenge to say the least.
This little 1950s rancher had a big, ugly fireplace in it that took up a 12' span on a much needed wall. There was no room for furniture to be place that would seat more than three people.
We decided to take it out and are currently in the midst of this project.
I can hardly wait to go furniture shopping.
Will it affect my homes value ? I really don't care. What I DO care about is that now when friends and family come to visit we will all have a place to sit, watch movies and relax.
The fireplace was in poor condition. Quite scary once we tore into it. It had failed mortar, no NO liner in the concrete block chimney and there were visible signs of heat and or fire creeping through those cracks.
I'm glad it's gone. Good riddance. I'm not going to live in a home that's dedicated to what a potential buyer may want. It's not their home, it's mine.
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0 votes 36 answers Share Flag
Mon Mar 9, 2015
Caleb Hart answered:
I would talk to an electrician about this. They seem to know all the laws about electrical work. Real estate agents usually know quite a bit about this kind of thing as well. I just wish I could talk to either of those professionals about the electrical going on in my house. http://www.allelectricalperth.com.au/why-us ... more
0 votes 13 answers Share Flag
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