Trulia Community - Advice from neighbors and local experts

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

Investment Properties in Santa Clara : Real Estate Advice

  • All312
  • Local Info24
  • Home Buying170
  • Home Selling11
  • Market Conditions8

Activity 6
Fri Oct 14, 2016
Jeffknaide asked:
I'm working on doing some academic qualitative research and was hoping that somebody might have an idea of where to find the numbers of this sort of home purchase
0 votes 0 Answers Share Flag
Mon Aug 1, 2016
Arpad Racz answered:
Hi Norma,

Checking with a lender would be a good part of the process. Please email me, and I can put you in touch with a loan agent I know.

Kind regards,

Arpad
0 votes 1 answer Share Flag
Wed Jun 17, 2015
Arpad Racz answered:
Hi David,

Cupertino had some units like this. What type of commercial use would the bottom unit be for?
Please let me know your complete preferences and price range via email from my profile.

Kind regards,

Arpad
... more
0 votes 2 answers Share Flag
Sat Mar 29, 2014
Huey Nguyen answered:
Hello David,

I agree with my colleagues here.

Regarding lenders: Only the permitted square footage and rooms would count towards the appraisal value of the property. So the third bedroom and second bathroom would not count towards the appraisal value decreasing the value of your property and perhaps the eventual sales price, if the buyer is not willing to pay the difference. I have even seen a lender hold up escrow and force the seller to obtain the correct permits in order to move forward. Certainly, this kind of property would not be up to FHA guidelines. Please check with some lenders to see what the current guidelines are.

Regarding the building department/permits: A neighbor could report that you have unpermitted rooms, and the city could force you to obtain the proper permit and restore the structure to its original permitted state. This could also happen, if the city were to inspect your property independently. From there, if you would like to obtain permits to add a bedroom and bathroom, there would be additional expenses for that.

Every city has its own procedures, and you should check carefully with the planning/building/permits department to obtain detailed instructions regarding how to proceed. Your licensed contractors will be able to help with these matters as well.

Please contact me for more information. I can help you.

Good luck,


Huey Nguyen
... more
0 votes 8 answers Share Flag
Fri Aug 16, 2013
Juliana Lee MBA LLB answered:
Good places to look for information to make your decision are the California government websites. Please see
http://www.courts.ca.gov/1288.htm

Dealing with an eviction can be time consuming and emotional. Be sure to consider any alternatives.

Zip code 95051 home values at http://julianalee.com/zip-code/95051-statistics.htm
Zip code 95051 just sold at http://julianalee.com/zip-code/95051-home-sales.htm

Good luck,

Juliana Lee
Top 2 agent nationwide at Keller Williams Realty, the nations largest
Cell 650.857.1000

Over 20 years experience
Over 1,000 homes sold in Santa Clara County and San Mateo County
.
... more
0 votes 4 answers Share Flag
Search Advice
Search
Investment Properties in Santa Clara Zip Codes

Followers

257