Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

San Mateo : Real Estate Advice

  • All201
  • Local Info18
  • Home Buying79
  • Home Selling15
  • Market Conditions3

Activity 233
Mon Sep 22, 2014
jeffdlinn answered:
The main service that real-estate agents provide is convenience. All of the services they offer, finding a real-estate attorney (which they are not), coordinating home viewings and so on can be done by any homeowner willing to put in the effort. The general requirements to be a REA is 1) 18 years of age, 2) Proof of Legal Presence in the US, and 3) Applicants must be honest and truthful (might as well leave the 3rd out, how do you prove or hold one accountable). A REA does have course requirements and must have successful completion of three college-level courses to qualify to the REA salesperson examination. So, after you meet the minimum requirements you take the test, hopefully pass it and then that person can be in charge of selling or buying a person's home, which is likely one of the largest financial assets you will ever purchase in your life.

Now that being said, I do believe those "low information" buyers/sellers who won't invest their time or do their home need to engage a licensed REA to assist with the purchase or sale of their home.

However, if you are of average intelligence and will invest the time and research you can handle this transaction on your own. I'm in the process of FSBO now and when I attend local open houses (doing my homework) I already have a better idea of what is for sale in my neighborhood then any real estate agent I've spoken with. I am also candid with the REA letting them know that I am paying a commission and so far I haven't had any issues. One last thing. Pay the $500 to $1,000 to have an attorney draft or review the purchase agreement and to complete the disclosure documents.
... more
1 vote 10 answers Share Flag
Sun Sep 21, 2014
Jason Wheeler answered:
There is a little known program in California for down payment assistance. This loan sounds like it might fit your loan scenario the way you've described it in your posting.

If you fit within certain financial peramaters you will qualify for a 2nd loan that does not have regular monthly payments. This loan will cover just about all of the 3.5% that an FHA loan will not cover.

Depeding on you income and if the funds are currently available this may be a good solution for you.

I'm not sure that this forum will allow me to post a link to the specifics of the program I am referring to. So if you email me directly I will send you everything you will need in order to see if you qualify and make a well informed decision if it will work for you and your family.

I hope this helps you.

- Jason Wheeler
... more
0 votes 5 answers Share Flag
Wed Sep 3, 2014
Cindy Davis answered:
Trulia has a customer service number where you can talk to someone...

1 (888) 466-3501
1 vote 1 answer Share Flag
Tue Aug 19, 2014
ratsyfrank answered:
Yes. The bank makes all decisions on what to accept and the terms.
0 votes 34 answers Share Flag
Mon Aug 11, 2014
Sylvia Fu asked:
Sat Jul 19, 2014
Steve Quintana answered:
Give us more information so we can understand your question better.
0 votes 5 answers Share Flag
Fri Jul 18, 2014
Phyllis McArthur answered:
Tom, it doesn't sound right, we as professionals must do the right thing for the seller.

Traditionally if 2 offers come in, that are exactly the same, 2 counter offers would go out to the 2 buyers to get the best and highest bottom line for the seller. It is what I have done in one situation last year. I'm not in this business to make a new "best friend" in my office, I'm in this business to do the right thing for my client. ... more
0 votes 8 answers Share Flag
Sun Jun 15, 2014
Sam Shueh answered:
get on craigslist rental to assess the price and decide what you can get.
very pricey rent right now due to high tech workers competing for the same.
1 vote 1 answer Share Flag
Sun Jun 1, 2014
Awong3769 asked:
A credit report will be requested during my pre-qualification of a loan from a lender, how many points will be deducted from my current credit score during this process, and how long will…
0 votes 0 Answers Share Flag
Tue May 20, 2014
Claudia Muller answered:
The first rule of BMR:

Borrower must be a First Time Homebuyer
Applicant(s) must be a First Time Homebuyer, defined as a purchaser who has not previously owned a home, condominium or mobile home, whether as sole owner, tenant-in-common, joint tenant or in other form of ownership within the past three (3) years. The City, at its discretion, may consider displaced persons or other hardship cases to be within this definition.
You will be required to proved three (3) years of tax returns to demonstrate that you have not had any mortgage interest deductions.

Second rule of BMR:Homebuyer Education Certificate
Homebuyer(s) must successfully complete a City approved BMR 8-hour Homebuyer Education Class prior to the close of escrow and must provide the City with evidence of completion.

Also, have you seen the conditions that the BMR notes stipulate? When you go to sell the property, you must sell it as a BMR. The city has the first right of refusal to buy property or allow your sale to move forward. You will limited as to how much profit you, personally, can make on the property.

Request a copy of all the loan documents that go along with a BMR. CAREFULLY review. You may find you do not want to get into this type of transaction. These are designed for buyers who intend to stay in the property for a long time (neighborhood integrity).
... more
0 votes 10 answers Share Flag
Fri May 16, 2014
Bryan answered:
San Mateo upgraded its levees in 2012. South Shoreview and Parkside are no longer in a flood zone. See The house you mentioned is in North Shoreview (north of the creek at 3rd) which unfortunately is still considered a flood zone AFAIK. ... more
0 votes 2 answers Share Flag
Wed Apr 16, 2014
Jill Leontiadis asked:
This question was asked from
0 votes 0 Answers Share Flag
Wed Apr 9, 2014
Valentine Hodin answered:
Good evening, try the first address to make sure that it is vacant and for rent, then the next 2 should share the same status:
4220 George avenue #1
607 North El Camino #118
1919 Alameda de la Pulgas #4
Good luck!
... more
0 votes 5 answers Share Flag
Thu Mar 20, 2014
Laura Bertolacci answered:
Hi Amy,

Congratulations on beginning your home search! I have worked with several short sales and have a great team that works with me to complete the process as smoothly as possible. I'd be happy to discuss with you your needs, as well as the current market conditions and my qualifications, if you'd like to setup a time. Please feel free to visit my website for additional information.

Take care,
Laura Bertolacci, Real Estate Broker
CA BRE # 00868180
... more
0 votes 8 answers Share Flag
Mon Mar 17, 2014
Phyllis McArthur answered:
Lindsey, the best bet for a rental is to go to a reputable property manager. Single family homes are much sought after rentals, and craigslist is not always the best way for you. I know a few property managers and if you need their info, call me. ... more
0 votes 1 answer Share Flag
Mon Feb 10, 2014
Lee Ginsburg answered:
Yes a 60 day notice if they have lived there for more than 1 year. That is the case in most bay area cities. San Francisco and others rent control cities have other landlord obligations. Having a lease or no lease really does not affect the situation once they move in. ... more
0 votes 5 answers Share Flag
Sun Feb 2, 2014
Phyllis McArthur answered:
Hi Lilly there's not as many foreclosure homes as there were a few short years ago, the market here in San Mateo is very short of inventory as well. It may be easier to contact an agent here to find a home that is appropriate for you. A 3 bedroom home in San Mateo for 550K and under may be a challenge. Please do contact me directly, I have most of my sales in San Mateo and surrounding areas.
Phyllis McArthur
Better Homes and Gardens JF Finnegan
... more
0 votes 3 answers Share Flag
Sat Feb 1, 2014
Phyllis McArthur answered:
Hi Lily, where is the home and when are you available to see it, call me anytime (even during superbowl)
Phyllis McArthur (650)315-8904
0 votes 3 answers Share Flag
Wed Jan 8, 2014
Ricardo Archila answered:
Hi Prash,

Welcome to the Bay Area. I'm sure you will love it here. San Mateo is a great city to live in, I have lived in San Mateo for the last 7 years. As your looking for potential homes I would recommend meeting with a Realtor so they can give you a general overview of areas and pricing. It would be a good Idea to visit Open Homes and drive around the different areas so you can get a feel for what you like.

To answer your questions:

1. How far are you willing to drive? Will you both be working near the 101 or 280? Are both your jobs accessible through public transportation?

2. Home prices have been going up, but it seems some areas are starting to level off. It really depends which city you ultimately want to end up in.

3. There are several nice areas in San Mateo, in order to find something that would fit your needs we would need to know what your price range is. That way we can deterimine which areas work best within your range.

4. You should be able to find a place to rent for $2500.

If you have more questions or want to go into more detail feel free to contact me at 650 438-1562.


Ricardo Archila
... more
0 votes 10 answers Share Flag
1 2 3 4 5 6 7 ...
Search Advice