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Market Conditions in Santa Clara : Real Estate Advice

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

Activity 14
Huey Nguyen, Real Estate Pro in San Jose, CA
Mon Jul 6, 2015
Huey Nguyen answered:
Hello Priscilla Horn:

Like my colleagues have stated, this is a difficult choice to make. I have many clients myself who are wondering if they should sell now, take in the money, rent for a while, and then buy when the market hits low again. I have been in real estate in the Bay Area for over 12 years now, and the most most important thing I have learned about market conditions is that you just never know.

While the real estate market is cyclical, there's not a definite way to tell if the market will peak soon or has already peaked and what the real estate market will be like in a couple of years from now.

I would contact a Realtor and discuss the comparable sales for your property and discuss potential growth. I cannot offer you too much insight here, since I don't know the address or info about the property. Mixed use properties are rare, so it might be a great opportunity to sell and make some money. Your Realtor can also help you figure out what the costs of selling are, how much equity you have in the property, and how much you can get for rent to help lay out the options for you to decide what is the best plan for you.

I also encourage you to discuss the tax ramifications/issues with your CPA/accountant to see how best to proceed. What do you plan to do with the money once you get it? If you want to reinvest in something else, it might be time to discuss options with an investments advisor. If there are any legal issues that need to be addressed, I encourage you to also speak to a real estate attorney.


Good luck! If you would like to further discuss your options with me, please do not hesitate to contact me.


Best regards,


Huey Nguyen
VS Realty & Loans, Inc.
408-219-9776
hueyhome@gmail.com
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Debra (Debbi…, Real Estate Pro in Livingston, NJ
Thu Sep 18, 2014
Debra (Debbie) Rose answered:
I suggest you call the local Board of Education for a definitive answer.
0 votes 1 answer Share Flag
Huey Nguyen, Real Estate Pro in San Jose, CA
Sat Jun 21, 2014
Huey Nguyen answered:
Hello askca25,

I suggest you go to this website to find out what schools the kids at this property would go to:

http://www.santaclarausd.org/files/filesystem/street%20directory.pdf

Just look up your street, and the document should state what schools (elementary, middle, and high schools) would be for that home.

My colleagues here have mentioned some great resources for you to look into to look at school ratings and see what's right for your kids.

I usually like greatschools.org or looking up the school's previous year's API scores.

Good luck,



Huey Nguyen
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Ruth and Per…, Real Estate Pro in Los Gatos, CA
Fri Feb 28, 2014
Ruth and Perry Mistry answered:
Hello Poornima

The school district is Santa Clara Unified.

Go to this link:

http://ruthandperry.com/API-SCORES-SCHOOL-INFORMATION-LOCATOR

Its got one of the finest SC schools associated with it.

http://www.santaclarausd.org/files/filesystem/street%20directory.pdf

Namaste and best regards
P Mistry

408-656-5343

www.ruthandperry.com
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Ruth and Per…, Real Estate Pro in Los Gatos, CA
Fri Mar 22, 2013
Ruth and Perry Mistry answered:
Hi Cam

Thanks for your question.

But since the property has sold, you should check out
Active Listings on Trulia, MLSListings, www.ruthandperry.com,

Also check out the trends:

http://www.trulia.com/blog/perry_mistry/2013/02/santa_clara_california_single_family_homes_and_condo_sales_trends_in_bay_area

if you want details on the county, go to:

http://www.trulia.com/blog/perry_mistry/2013/02/santa_clara_county_real_estate_and_homes_single_family_home_sales_trends_in_silicon_valley

Best regards
Perry

Coldwell Banker
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Philip Cabral, Real Estate Pro in San Jose, CA
Thu Nov 8, 2012
Philip Cabral answered:
HOA dues typically run between $250-500 in that general area. However, what is more important than the price is what is included with that price. A $250 HOA dues sounds cheap compared to a $400 one. But, if that $250 only cover ground maintenance while the $400 one includes ground maintenance, a fitness center, pool, insurance, etc. then the $250 is by far more expensive for what you are paying for. In other words, you will need to compare what services the HOA dues pay for more than just the price. ... more
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Grace Morioka, Real Estate Pro in San Jose, CA
Wed May 4, 2011
Grace Morioka answered:
Paul,

I used to manage woodsborough, so call me tomorrow an I can give you some history on this site.

Sincerely,
Grace Morioka
Area Pro realty
408-426-1616
0 votes 1 answer Share Flag
Kamal Randha…, Real Estate Pro in El Sobrante, CA
Sun Nov 7, 2010
Kamal Randhawa answered:
Since everything differs by location and condition of the home, not having looked at your home, I can give you a printout of sold homes in your area if you can provide me with your address. Please specify how long you would like for me to go back ..3 months, 6 months, a year....

Please make sure you are working with a knowledgable professional..we are all here to assist you. Feel free to call or email me anytime should you need further assistance :)
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Jed Lane, Real Estate Pro in Petaluma, CA
Tue Jan 26, 2010
Jed Lane answered:
Can you just imagine the traffic at Great America Parkway on a game day. Who would want to live there? That area of 101 is a nightmare most of the time and that will only make it worse.

I have a friend that is an agent in the area and she lives close by also. Give her a call and ask her. Lisa Goulet-Mah (408) 930-0313.
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Mihaela Matt…, Real Estate Pro in San Mateo, CA
Sat Jan 23, 2010
Mihaela Mattes answered:
Hello Angie,
You received very good advice and data from the Realtors here.

If I were you, I'd still be optimistic. I had a number of prospects from south peninsula and although they may have to go through several offers to win their home, I'm confident professional negociation skills and common sense in crafting offer terms are winning the good deals.
As you know, many foreclosed properties are not in the best shape, so many people are turned away by the work neeede and incertitude.

Stay open to home styles, consider starting with a condo (maybe on 2 levels), and prioritize on location, as it will help the overall investment and resale.
I can send you very detailed historical stats on each city, just drop me a note.

We're ready when you are!

Mihaela Mattes
Century 21 Realty Alliance
1528 South El Camino Real, Suite 110
San Mateo, CA 94402
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
t 650.558.5208
c 650.799.9496
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
email: office@e-realtorone.com, mihaela.mattes@century21.com
website: www.e-realtorone.com

I donate 20% of my professional fees to The LAM Foundation http://www.thelamfoundation.org to help women diagnosed with this cruel disease.
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0 votes 6 answers Share Flag
Sharon, Home Buyer in Santa Clara, CA
Mon Jul 6, 2009
Sharon answered:
Hello, This is a bit unusual to write you here, but I am looking to either rent or buy in Vista Del Lago. is your condo by any chance in building 22? I think I spotted it by the back lagoon. I would be very interested in talking to you about it-maybe you don't even have to advertise it!! cheers, Judith improve_reading@hotmail.com ... more
0 votes 8 answers Share Flag
Mark Burns,  in Cupertino, CA
Tue Apr 28, 2009
Mark Burns answered:
Inman is good and many agents have it on their website. I also have The Santa Clara County Real Estate Report on my website which has additional market data in various graph-like formats. There is a lot more that agents use. Many brokers provide their agents with subscription services to county records including maps and financial data. There is the MLS (which costs money too), other MLS access to farther reaching areas. I have a few more database subscription services I pay for myself and SilVAR (Silicon Valley Association of Realtors) has just implemented another system for its members called Clarus MarketMetrics. The amount an agent can spend is almost endless. In he past I have had subscriptions to foreclosure and REO data, demographic data, etc.

Are you interested in being an agent or following up on what your current agent is referring to?
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Norman Aless…, Real Estate Pro in San  Jose, CA
Wed Sep 24, 2008
Norman Alessandrini answered:
Hi New Home buyer,
My name is Allyson, the Boyenga Team gave you a fairly accurate assessment of the zip code valuesand Sunnyvale in general. I have seen a large upsurge in buyer activity all over Santa Clara County and as Sunnyvale is an in demand place to live you should do fine. My piece of advice is MAKE SURE you bring your agent with you when you sign in on new units he/she can help get you the best deal available and maybe some upgades also.( just so you know it costs you nothing to have an agent help represent you on new construction and they can save you thousands of dollars)The only catch to this is they must be with you on your first visit to sign in with you.

If you don't have an agent and would like some assistance in purchasing a new construction Townhome I have experience in doing this and have helped my buyers get better deals than if they went in alone.
You can check me out at my web site at http://www.homesbyallyson.com

If you have any questions please feel free to email me at allyson@homesbyallyson.com or call me at 408-705-6578

Sincerely,
Allyson
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Bob, Home Buyer in Bay Area, CA
Fri Mar 21, 2008
Bob answered:
I currently live in Rivermark and have definitely seen prices soften a bit at the high end (single family homes). There are a lot more houses on the market for prices that are between 50 and 100K lower than their peak values. I am an original owner and personally LOVE the neighborhood, its proximity to Safeway, easy commute, and the fact that a neighborhood library just got approved.

It would also seem to me that the demographic of the homeowners do not really lend themselves to getting into financial trouble (professional jobs, hi tech hasn't really been hit) so you dont really see any shortsales and most folks are original owners and have so much equity that the loan mess wouldn't really have a huge impact. I cant imagine anyone being upside-down on their mortgage, given the appreciation over the past 5 years.
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Market Conditions in Santa Clara Zip Codes

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