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Home Selling in Santa Clara : Real Estate Advice

  • All304
  • Local Info24
  • Home Buying165
  • Home Selling11
  • Market Conditions8

Activity 22
Kskhan00, Home Buyer in Chicago, IL
Thu Jun 30, 2016
Kskhan00 asked:
We used our previous residence for a future rental income to get mortgage for new home. Tenant wants to break the lease within 3 months, can we sell the property instead of renting it? Any…
0 votes 0 Answers Share Flag
Ruth and Per…, Real Estate Pro in Los Gatos, CA
Sun Dec 20, 2015
Ruth and Perry Mistry answered:
Hi Cliff

I believe you are referring to the $500k exclusion, if married and lived in the house
For more than two years, or the $250k exclusion if single.

capital gains in excess of the above limits, based on whether married or single will
Be taxed at Long Term Capital gains rates, based on your income level.

http://www.fool.com/how-to-invest/personal-finance/taxes/2015/08/16/long-term-capital-gains-tax-rates-in-2015.aspx

However, do check and verify with your CPA.

If you rent the property out for more than two years the property will be treated as an income property
And you will be taxed on any and all Capital gains.

Due to a strong economy and the fact that both Apple and Google have huge expansion plans in Sunnyvale, I believe that the Santa Clara home and rents will continue to go up, due to
Higher demand for housing.

Do call if you have further questions.

Good luck.
Perry
408-898-1948
... more
0 votes 4 answers Share Flag
,  in
Tue Oct 13, 2015
answered:
I have only closed one of those it was in 2001, it took almost 90 days. Of course every day I had Realtors buyers and sellers blowing up my phone, all of them angry, all of them needing our deal to close so their deal could close. I have always avoided it since. ... more
0 votes 2 answers Share Flag
Cindy Davis, Real Estate Pro in San Diego, CA
Thu Apr 2, 2015
Cindy Davis answered:
You raising the issue of compensation if probably not going to be well met I agree with my colleagues:

1. It was/is the broker's responsibility to meet your needs. If the listing agent was not wise enough to do it, then the broker should step in and make sure it gets done.

2. Commissions should be arranged between the agents who actually work on your transaction.

Contact your listing agent's broker and tell him what you need to be done. Let him take it from there.
... more
0 votes 3 answers Share Flag
Sam Shueh,  in San Jose, CA
Sun Mar 22, 2015
Sam Shueh answered:
http://www.trulia.com/for_rent
create your listing and submit it
0 votes 1 answer Share Flag
Arpad Racz, Real Estate Pro in San Jose, CA
Tue Mar 10, 2015
Arpad Racz answered:
Vicky Chang, Real Estate Pro in Pittsburgh, PA
Wed Feb 25, 2015
Vicky Chang answered:
Thank you for posting your question on Trulia!
The norm is to split it evenly even for short sales in Pittsburgh. It seems like the listing agent just want to make more money for him/herself. It does attract more buyer's agent to bring their buyers when you are offering more for the buying side. I can refer you some reputable agents in your area if you like.

At your service,
Vicky
... more
0 votes 3 answers Share Flag
Vicky Chang, Real Estate Pro in Pittsburgh, PA
Wed Feb 25, 2015
Vicky Chang answered:
Thank you for posting your question on Trulia,
I recommend hardwood floors, it seems to be the most popular type of flooring with the buyers!
0 votes 13 answers Share Flag
Robert Lei, Real Estate Pro in Cupertino, CA
Sun Jul 6, 2014
Robert Lei answered:
Yes, true. There is a huge residential complex in Santa Clara near Central Park in the location tracking device.

Property prices in Santa Clara have risen since your first post,
0 votes 2 answers Share Flag
Randy Stoker, Real Estate Pro in Carmichael, CA
Mon Jun 16, 2014
Randy Stoker answered:
The standard commission rate is 6%; payable 3% to the listing agent and 3% to the selling agent. Most often I give my clients a 1% discount if I represent both sides of the transaction; buyer and seller. The commission rate is negotiable and not a set rate in California. ... more
0 votes 25 answers Share Flag
JR Thrasher, Real Estate Pro in San Diego, CA
Thu Dec 5, 2013
JR Thrasher answered:
Not only is there a longer closing time but the buyer and their contractor have to be on top of their game. If there is an unrealistic expectation and the buyer or the contractor go outside of the guidelines it could kill the deal.

J.R. Thrasher
www.SanDiegoRealEstateVeterans.com
619-929-0105
... more
0 votes 3 answers Share Flag
Adent9, Home Buyer in Grand Junction, CO
Sat Jun 8, 2013
Adent9 answered:
Thanks to all the Trulia members that responded. I am going with a local agent Derek Miller. If you have any questions on the property you can talk to him. Right now there are a few details to get ready and we should be on the market very soon.
Again, Thank you.
... more
0 votes 8 answers Share Flag
My NC Homes…, Real Estate Pro in Chapel Hill, NC
Tue Feb 19, 2013
My NC Homes Team answered:
No, while the buyer's agent may issue any addendum they wish, you don't have to sign it. There is a signed contract in effect and unless the buyer is within a period where they may terminate their offer without any penalty all you need to do is simply to refuse to sign the addendum and remind them that there is a legally binding contract in effect and that you expect them to honor it or suffer the consequences. You have no reason to back out of the contract. ... more
0 votes 11 answers Share Flag
Robert Lei, Real Estate Pro in Cupertino, CA
Sun May 6, 2012
Robert Lei answered:
Hi Need2sell,
Values have gone up since your initial question in Sep 2011. If you are still considering selling, I can do some analysis on your property to see if you would still need $35k cash to close it.

Robert Lei
Century 21 M&M and Associates
(408) 893-2410
... more
1 vote 12 answers Share Flag
Robert Lei, Real Estate Pro in Cupertino, CA
Sun May 6, 2012
Robert Lei answered:
You picked a great time to sell !! Congratulations.
0 votes 27 answers Share Flag
Angela White, Real Estate Pro in Saratoga, CA
Mon Mar 7, 2011
Angela White answered:
Read over your provisions in the loan modification first. Then contact a real estate attorney to prevent ramnifications. Banks have 6 years to come back and ask for what was not paid unless you have something else in writing. ... more
0 votes 5 answers Share Flag
Grace Keng, Real Estate Pro in Santa Clara, CA
Mon Jan 10, 2011
Grace Keng answered:
As an agent we can find who represented buyer to purchase a home within 10 years.
Sorry you have contact a realtor to help you.
0 votes 4 answers Share Flag
Grace Keng, Real Estate Pro in Santa Clara, CA
Tue Aug 31, 2010
Grace Keng answered:
Hi, Anoo,
I don't know if you made any decision of your vacant lots in SC, CA.
As you know the RE price has dropped quite a bit.
The builders are not there as before due to the limited profit.
It is really not a good time to evaluate the price now because it is not going to be as high as you like to be.
... more
0 votes 4 answers Share Flag
The Medford…, Real Estate Pro in Fremont, CA
Thu May 20, 2010
The Medford Team answered:
Sellingcondo:

That’s an impossible question to answer in this venue. However, there IS an answer closer to home - you and your listing agent have some work to do.

You should see to the following:

(1) Have your REALTOR® run a current, detailed CMA.

(2) Have your REALTOR® run current trends (using a data source like www.trendgraphix.com)

(3) Go and physically visit your closest competition.

(4) Evaluate your home in relationship to the competition:
(i) Are you competitively priced?
(ii) How does your unit show in relationship to the competition? Is your property staged? How about the others?
(iii) Any upgrades to your home? The others?
(iv) How is your location in relationship to the competition?
(v) Are you providing any incentives?
(vi) What type of marketing is your REALTOR® using? What type of web exposure do you have? Dedicated website? Virtual tour? Showcased listing on Realtor.com? Other sites?

Once you and your agent have done your homework and answered all the above questions, then you will have a pretty good idea of what current values are and where your price should be. If you really want to sell, you should be priced a bit below your competition.
.
... more
0 votes 3 answers Share Flag
Jen E. Smith, Other/Just Looking in Las Vegas, NV
Tue May 4, 2010
Jen E. Smith asked:
Hi,

2010 has done me in (dh lost job, revenue going down, etc). I am currently in the process of finding qualified agents to help me short sale a condo hotel in Las Vegas. I would want…
0 votes 0 Answers Share Flag
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