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Scotts Valley : Real Estate Advice

  • All22
  • Local Info3
  • Home Buying8
  • Home Selling1
  • Market Conditions0

Activity 14
Alexander Gr…, Real Estate Pro in San Jose, CA
Fri May 8, 2015
Alexander Greer answered:
No. Rent back is from the buyer. Inheriting a tenant for 38 days is just considered plan rent.

I do not check replies, so if you have a comment or question email me here:
AGreer@TheMortgageOutlet.com

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
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0 votes 1 answer Share Flag
Jeri Patrick, Real Estate Pro in Pooler, GA
Mon May 4, 2015
Jeri Patrick answered:
I would call a few real estate office's and set up to talk to a few real estate agents. Best of luck
0 votes 1 answer Share Flag
Arpad Racz, Real Estate Pro in San Jose, CA
Wed Jan 21, 2015
Arpad Racz answered:
Hi Laura,

Having your own appraisal done can be effective, especially if there are no recent close comparables.

Kind regards,

Arpad
0 votes 3 answers Share Flag
Liz Kroft, Real Estate Pro in Santa Cruz, CA
Tue Nov 4, 2014
Liz Kroft answered:
Hi Julie, there is nothing undesirable about the location at all (but remember, what is desirable to one person is different for another). I had buyers who were looking at a beautiful corner unit earlier this year, with views of the green belt and pool. In doing my homework those that I saw for sale or that had recently sold were trustee sales and families moving up from their smaller starter homes. An acquaintance of mine has a second home there she and her husband have been renting out and are thinking it may be time to sell.

Your agent should be able to help you dig into the nature of the sales to find out the owners' motivation by calling other agents - they should be doing this anyways to help you understand the complex and, should you decide, to negotiate the best possible price and terms.

Feel free to call, text or email if you would like more information on Bean Creek! 831-854-7489 or Liz@mainstreamre.com
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0 votes 3 answers Share Flag
Liz Kroft, Real Estate Pro in Santa Cruz, CA
Tue Nov 4, 2014
Liz Kroft answered:
Hi there, that is a great question though I would say that artificial turf will not have as high of a resale value as a yard landscaped with a natural ground cover and native drought tolerant plants - called xeriscaping. With green building taking off and California, sadly, in a drought this has become a very common method of landscaping and is well-received by today's buyers (in fact, they might see it as lower maintenance and water bills as well as "trendy"!). There are plenty of beautiful, functional and relatively inexpensive options available - almost an overwhelming amount.

If you would like a recommendation of a local landscaper who can help you with a consultation and brainstorming ideas I would be delighted to put you in touch! Call, text or email any time. 831-854-7499 or liz@mainstreamre.com
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1 vote 6 answers Share Flag
Stacy Nelson, Real Estate Pro in Scotts Valley, CA
Sat Jul 5, 2014
Stacy Nelson answered:
This is a share-own, or COOP park. Each resident was asked to buy in to the land price for a one time fee of $30,000. Unit #31 has already paid this fee, and it will transfer to the new owner.
There is a generous 3 dog limit here, as long as they are not allowed to roam.
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0 votes 4 answers Share Flag
Dan Tabit, Real Estate Pro in Issaquah, WA
Thu Apr 17, 2014
Dan Tabit answered:
Casey,
First, why a foreclosed home? Do you believe they will be better deals? Some are, many are not, it just depends on the home the motivation of the seller, the activity in your market.
To answer, if you have cash and a willingness to take great chances with it, you can buy foreclosures at the sheriffs auction. You'll be competing with professional investors, builders and flippers who have much more experience than you do and won't mind allowing you to overpay.
You can buy a pre-foreclosure also known as a short sale. There are fewer of these than there used to be, but they still exist. The process allows you to preview the homes as they are listed with agents, you don't get to preview sheriff sales. The short sale process also takes anywhere from 3 to 12 months from start to finish and there is no guarantee your offer will ever be approved or if it is for the amount you offered.
Finally, after a home goes through the sheriffs auction, if an acceptable bid isn't made the bank retains ownership and they will eventually list the home with an agent. These homes range from terrible condition to okay condition and banks try not to do any work. The savings you may get from buying one may be lost in repairs and updates you will want to do.
So, that is it in a nutshell, oh yeah, the prices you see here on Foreclosures are more often wrong than right. If they are listed by Realtytrac they are not based on a what the home will sell for, so ignore that. Any great local agent can find foreclosures for you if you want to for free, without a subscription.
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1 vote 3 answers Share Flag
Robert Spino…, Real Estate Pro in Mill Valley, CA
Mon Jun 3, 2013
Robert Spinosa answered:
In your shoes, and regardless of what the broader response is, I would first try to consult with someone both experienced and knowledgeable who works for the plan administrator. From there, you can talk to your tax professional. It's important the information you get relates to your specific situation.

IRA funds get used all the time to facilitate home purchases. But not all of us in real estate are there when the buyers/borrowers file their returns and realize the outcome of their actions. I think for this reason alone it is not good to advise what you should expect at that time.

If you determine you can do what you want and need and you could use help on the mortgage side, I'm happy to be of service.

Rob Spinosa
rspinosa@rpm-mtg.com
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0 votes 5 answers Share Flag
John Arendsen, Real Estate Pro in Leucadia, CA
Mon Oct 22, 2012
John Arendsen answered:
I read your answer and appreciated your perspective and comments and it all made perfect sense. Once again I apologize for any misunderstanding but I still don't see why we have to interject such curt and trite remarks along with what was a very civil and mature response.

"But then maybe it's best to refrain from commenting to others how they have used Trulia wrong, when you don't seem to have a concept of how it works."

Now who's being rude?

Perhaps you may want to peruse my profile before making such insulting remarks.
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1 vote 15 answers Share Flag
Natasha Niko…, Real Estate Pro in Los Gatos, CA
Tue Aug 30, 2011
Natasha Nikolaeva answered:
Latest Update:
January 29, 2011, FHA formally announced the suspension of their 90 day Flip Rule to December 31, 2011, so this long standing FHA flip rule has been officially extended by FHA for another year.
The thing to remember is that not all lenders will also waive their flip rules; if you need to find one - please contact me.
This flip rule waiver is limited to sales of the homes meeting the following conditions:
~no identity of interest between the Buyer and Seller.
~Seller holds title to the property.
~property was marketed openly on MLS, auction, for sale by owner etc. Any contracts that refer to an "assignment of contract sale" maybe a red flag.
~no pattern of previous flipping evidenced by multiple title transfers within 12-month period.

There are also special reguirements for cases in which the sales price of the property is 20% or more above the Seller's purchase cost; it has to be justified by supporting documents or a second appraisal. There's more to know - please email me if you need more information.
Natasha Nikolaeva,
Bailey Properties
831.818-6605
natnik77@netzero.net
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0 votes 7 answers Share Flag
Dan Chase, Home Buyer in Texas City, TX
Thu Nov 5, 2009
Dan Chase answered:
To many realtors do not put down much of the info that we want. I can not say how many listings that do not mention age of buildings, lot size, or much else besides the price.

I have also seen a lot of misinformation in listings. It could be something like a $160k house in a subdivision that had over 9 million acres with it. A lot size listed at 60 acres when it was 60 feet instead. There have been cases where houses have been listed as having a slab when they had a complete cement foundation and cellar. I could go on and on and...

My theory is that the realtors who put that information in wrong ( or leave things blank) either have no idea what they are talking about OR are so incompetant they can not be bothered to input the very info that will bring them buyers. As buyers it makes us very frustrated and takes a lot of time to get past the problems. Plus it wastes the times of buyers and their agents looking at, or calling about (or both) the wrong types of properties. I know I have not looked at some properties I might have liked because they did not show me the criteria that I demand to buy a place.

I do know some realtors think if they leave certain things blank it will make potential buyers call for more details. But it backfires with many buyers just stopping the process on that place.
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1 vote 3 answers Share Flag
Scott R Smith, Home Buyer in Scotts Valley, CA
Sat Jan 3, 2009
Scott R Smith asked:
James Gordon…, Real Estate Pro in Hamilton, OH
Sat Jan 3, 2009
James Gordon ABR SFR SRS answered:
You may want to call Lance to make sure he knows that you are trying to reach him. His number is 415.722.5549 Cell
0 votes 1 answer Share Flag
Dallas Texas, Real Estate Pro in Dallas, TN
Sat Jan 3, 2009
Dallas Texas answered:
You can check county tax records if property has sold and new owner name. NOTE: any negative comments posted on any website about a person could be considered slander.
0 votes 1 answer Share Flag
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