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94402 : Real Estate Advice

  • All25
  • Local Info5
  • Home Buying16
  • Home Selling0
  • Market Conditions0

Activity 20
Mon Oct 31, 2016
Alexander Greer answered:
The best program right now for FTHB is the HomeReady program from Fannie Mae. It lets you go up to 97% LTV. There is also the Freddie Mac HomePossible program that allows for only 1% down. Both have these programs can have no MI if you choose.

Alex Greer
Loan Officer
NMLS #1056079
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0 votes 1 answer Share Flag
Thu Nov 12, 2015
Bryan asked:
In my area (SF Bay Area), the school ratings do not match the data on When will this data be updated?
0 votes 0 Answers Share Flag
Mon Mar 30, 2015
Antonio Prado answered:
If you are still on the market. Here is one... 3568 ROLISON ROAD #7, REDWOOD CITY , CA 94063


All the Best
Antonio Prado
Better Homes and Gardens
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0 votes 3 answers Share Flag
Tue Nov 18, 2014
Alan May answered:
There is a pull-down button... I think it's marked "report a fraud", or something like that.
0 votes 3 answers Share Flag
Mon Nov 18, 2013
Randall Yates answered:
Possibly I would have to make a couple calls to my mortgage brokers. We specialize in referring people to lenders that offer loan products that may be able to help. Email me or go to our site. ... more
0 votes 4 answers Share Flag
Sun May 26, 2013
Thomas Young answered:
203k loan is designed for home repairs.
From my experience with 203k loans, the best advice is to use a lender that offers assistance via third party with 203k processing.
This shortens the closing time by weeks. Try for more information. ... more
0 votes 8 answers Share Flag
Tue Oct 23, 2012
John Juarez answered:

Glad it worked out well for you. Fixing up a paint, carpet, considered maintenance and should not make any difference in the assessed value of a home. ... more
0 votes 6 answers Share Flag
Sun Jul 8, 2012
John Juarez answered:
Don’t freak out because you have heard a story about banks foreclosing in the middle of a short sale. If the short sale lender has already approved your short sale it would be against their best interests to foreclose at this point. One of the jobs incumbent on the short sale listing agent is to stay in touch with the short sale lender’s loss mitigation department and make sure that a foreclosure is not scheduled.

New legislation that impacts what actions can be taken by short sale lenders has been passed in California but does not take effect until Jan. 1st of next year.
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0 votes 5 answers Share Flag
Wed May 26, 2010
Jim Somers answered:
The answer to this question is not black and white. If the power lines are a large cluster, and are fully exposed, with the power poles very visible, it will affect value negatively. If the back property line is landscaped with trees that hide the lines from sight, it will probably have very little impact on the home's value. ... more
0 votes 10 answers Share Flag
Sat Aug 22, 2009
Sunny Sun answered:
Hi, everyone:
Thanks to all your kind and generous helps, I was able to follow your professional advices and back out from the above contract mentioned. After all, the seller seemed to have some unrealistic expectations about the property even when the property was ill maintained. The main reason why I was interested in the property mainly because it's in a big complex communities with many swimming pools, tennis courts and so on... It seemed like it would be a nice community to live at. Anyway, after using your advices, I wrote an e-mail to my agent, and asked her to rescinding the contract since the seller not only wanted more money than I'd like to pay, but also not willing to repair anything. So, luckily, after receiving my e-mail for the request, she told me that there is nothing that we need to do further because all the ounter offers that she received from the seller were only verbal ones. She had never asked the seller to send in a written offer. And it's interesting to find out that the same day I requested for the resciding of the contract from this seller, the MLS price has been reduced to the seller's last counter offer price. It's still on market now and wish the seller best of luck to sell her house soon! I thought to update you all with this deal and thank you all again! ... more
0 votes 12 answers Share Flag
Fri May 22, 2009
Lee Ginsburg answered:

I agree with Tammy. You need a person on your side. One to fight for you when necessary and equally important to make sure you are covered properly. Not under-insured and not over-insured. I use Tony Agosta at Farmers Insurance. Rates are good and he is excellent. 650-355-9660

Lee Ginsburg
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0 votes 2 answers Share Flag
Mon May 18, 2009
Russ Boyd answered:
Hi Cynthia,
I'm curious if you have an agent representing you. I'm guessing not, because your agent would be able to assist you with finding a solution to this problem. This is not an uncommon situation. If you and the seller are both interested in moving forward with the sale, the next step would be to get a second opinion about the extent of the damage and the cost to repair. A good place to start is to ask friends and family for trades people that they have used successfully. Another source of referrals is a real estate agent. Agents assist buyers and sellers solve this type of problems all the time.
Once you have established a cost for the repair, you can negotiate a seller credit for an amount that is fair to both you and the seller, or reduce the price by a like amount. If you choose the credit route, be sure to ask your loan officer how it should be written in the contract.. Also, check with your loan officer about the need for a "section 1 termite clearance" before the close. If required by your lender, the damage will have to be repaired before escrow closes. Of course the buyer must agree to to have the repairs made before the close or negotiate a credit or price reduction that works for all parties, including the lender.
If both you and the seller are motivated and cooperative you should be able to get this done in a way that satisfies both of you.
Hope that helps.
Best wishes,
Russ Boyd, Broker Associate
Intero Real Estate Services
650 325 7877
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1 vote 4 answers Share Flag
Mon May 11, 2009
Lee Ginsburg answered:
I have used Dobel Construction on my own home for drainage issues. Ask for Paul 650-593-2910-
I understand Pedigo construction is very good -650-345-3112
I was not happy with the professionalism of Peace of Mind.

I also suggest checking with the Diamond Cerified for electricians and plumbers.

Good Luck! Looks like you have a project in front of you.
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0 votes 4 answers Share Flag
Mon May 11, 2009
Tpham answered:
I am a buyer and I am NOT happy with Chicago Title
0 votes 4 answers Share Flag
Sun May 10, 2009
Cheryl Bower answered:
Hi Cynthia,

If you're working with an agent, he/she should be providing all these resources for you. If you're not working with an agent you should be!

There's nothing wrong with doing your own contractor's inspection even though the sellers have provided one. The benefit is a second opinion on the property as well as you get to walk through the property with the contractor who will explain/highlight details of the property that need to be addressed.

I highly recommend Skip Walker.

He works all over the Bay Area. His reports are 70-85 pages vs some reports that I've seen which are 10-20 pages. Skip is very thorough!

Based on the results of his inspection, you can then decide if you need to bring in specialists.
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0 votes 3 answers Share Flag
Wed May 6, 2009
Lee Ginsburg answered:
Realty Trac will not be much help if you want to purchase a home. They trac when a notice of defalt has been filed. There is a minimum of 110 days before foreclosure. Quite often the home is on the market as a short sale during this process..
You want to purchase the home from the bank. Aproximately 30 days after foreclosure the banks list the home for sale with a Realtor. It would be my pleasure to help you with that. I could be reached at 650-358-3959.
I suggest not limiting your search to REO's only. If an invidual owner truly wants to sell they must meet the REO's value/condition pricing in today's market. REO's and Short Sales are 30% of the market in San Mateo County.
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0 votes 4 answers Share Flag
Fri Apr 3, 2009
Robin & Les Wrigley answered:
The garage space is not included in square footage when valuing homes. A home with a 2 car garage may be worth more than one with a 1 car garage, but the additonal value is much less than the same additional square footage in living space inside the home. A home appraiser will not count it for much either, so you may have a problem getting a mortgage to support it. Some people may consult the county property tax records to see what they show for square footage, but that is not always correct either. In the end, a home's value relative to other comparable homes in the area is not necessarily based upon square footage anyway. No one around home values homes that way. The location and condition of the home make a lot more difference. Don't pay any more for the home than you think it is worth. ... more
0 votes 6 answers Share Flag
Thu Feb 19, 2009
David Tapper answered:
Hello W. It's funny you should bring this up, a few co-workers and myself were just talking about this today, if any of us knew of any new listings coming up in the Park. There are.

If you are working with an agent, I respect that. Have them start networking with some of the top producers to help you find the right home. If you are not working with an agent, please give me a call. I work across the street from the Park and one of my partners from Team Tapper lives there, and get's a lot info about what is coming up.


Dave Tap Tapper
Cashin Company
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0 votes 3 answers Share Flag
Fri Jul 13, 2007
Pierre Calzadilla answered:
YES! right above this box is a little blue "subscribe" button - you can just subscribe to any specific question. You can even set the frequency that you are alerted - i.e. "as it happens" or once a day


On the top left, there is a "be the first to know" light blue box, there you can pick a zip code, neighborhood, topic etc. and subscribe to alerts too. Hope this helped.
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