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Warm Springs : Real Estate Advice

  • All52
  • Local Info9
  • Home Buying32
  • Home Selling1
  • Market Conditions2

Activity 45
Mon Jul 6, 2015
Huey Nguyen answered:
Hello Mini/Saijosh:

Good luck on your offer.

If this is a big concern for you, please ask for Seller's disclosures regarding the property and this issue. Also, please talk to your Realtor about what environmental reports/etc to order regarding this issue. Seller and your Realtor should know the area well and help shed some light on any problems.

Best regards,



Huey
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0 votes 1 answer Share Flag
Sat Jan 10, 2015
Ws Homeowner answered:
What do you want? What are your financial resources? Do you have kids? Most homes now being built are zero or minimal lot homes. It will be a rare thing to have a large home on a bigger lot and with the Warmsprings project bringing more of the cookie cutter 'transit-orientated housing, it will be even more of a rarity over the next 10-20 years. That would set you apart come sale time.

Being on the older side and having kids, I like the bigger lots that gives you more flexibility. Do you have the resources to remodel an older home to bring you up to 2000 sq ft and a yard? That would be the most perfect solution but you are likely looking at another $1-200,000 on top of the initial purchase. And it might take up to a year to finish the remodel. Not for everyone. Some people like a 'turnkey' solution to move into a house ready to occupied from day one without too much work.

You've got some thinking to do.
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0 votes 5 answers Share Flag
Mon Oct 13, 2014
Sam Shueh answered:
How about those home auction off starting with a fraction of new ones? Often they are sold at or over retail price.
0 votes 7 answers Share Flag
Mon Oct 13, 2014
Sam Shueh answered:
How noisy is it inside? Outside? How much homes have priced in the immediate neighborhood vs a few blocks away?
0 votes 2 answers Share Flag
Fri May 2, 2014
Dan Tabit answered:
Gaurav,
Generally, during litigation lenders are not inclined to initiate new loans for condos. Once the matter is settled, financing returns to normal. When financing is essentially cut off, interest in the complex dries up and buyers with cash will know this and drive hard bargains.
It's a difficult position to be in, so I would encourage active participate in the meetings to discuss the pros & cons of pursuing the builder. If a settlement can be reached quickly, it may not accomplish everything the association may want, but for individuals hoping to sell it can make all the difference.
I went through this a couple years ago with a condo I sold and it did hurt for a while, but values are returning and I see work taking place in the complex every time I go by.
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1 vote 1 answer Share Flag
Mon Apr 28, 2014
Anna M Brocco answered:
Why entertain what other people think or say, another's opinion may not be anywhere near the best thing for you...
1 vote 1 answer Share Flag
Mon Mar 3, 2014
John Juarez answered:
Inventory in the Warm Springs and Irvington areas of Fremont continues to be low. You might see more houses on the market on any one day but they will sell quickly and the inventory will be down a week later. Prices are still moving up. Multiple offers are common. Those areas continue to attract of new homeowners who think that it is a good time to buy. ... more
0 votes 1 answer Share Flag
Tue Jan 21, 2014
Holly Kick answered:
Be careful - from a volume point of view KB is a winner, but their quality suffers. The best quality you will find with Toll or Standard pacific . Shapell is another great name. Robson is ok, its improving a lot , however KB tries to stuff in many things into a small space .. the condo town home is an example .. others are also doing it now .. KB quality suffers , but it is hugely depending on the local contractor they place orders with. I have seen some who specifically avoid KB and some don't care. I have personally avoided KB, though i am not sure why. ... more
0 votes 12 answers Share Flag
Tue Jan 21, 2014
Holly Kick answered:
For attached it might be > 800K and for single family certainly more than 1 million. This area is in huge demand and it will sell out like hot cakes even at those prices. However we still don't know if these homes are attached to the warm springs schools, last heard you might have to go to grimmer .. that is the only risk, however they will soon be moved into warm springs. From a school and neighborhood point of view this is one of the best neighbor hoods in fremont and pretty much easy bay .. it is now going to be walking to bart (20 mins walk) and by 2015 end there will be so many commercial establishments around bart that you will see warm springs area improve many folds. Just confirm what schools these homes will go into and what is the plan to bring back to warm springs. I am sure those negotiations are going on that is why the builder has not offered any pricing information. Lets wait and see .. ... more
0 votes 3 answers Share Flag
Tue Dec 17, 2013
The Medford Team answered:
Other than the answers below, is there any specific information you are looking for?
0 votes 7 answers Share Flag
Thu Dec 5, 2013
The Medford Team answered:
Here is a post that may be helpful - it contains links to a number of key Bay Area seismic related sites:

Earthquakes And Your Home: 5 Critical Things You Need To Understand
http://www.trulia.com/blog/carl_medford/2011/08/earthquakes_increasing_5_critical_things_you_need_to_know
.
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0 votes 4 answers Share Flag
Sun Sep 29, 2013
Nina Daruwalla answered:
Hi MK,

I know that neighborhood well, I have put several clients there. This was a good home, good schools, good neighborhood! They took offers last Friday 09/27. The Listing Agent got 2 good offers, One ALL CASH, quick close.......if you like a home that has everything you want in it, you need to move quickly on it! or its gone! If you are Not working with a Realtor, do let me know I can help you with your RE needs.
Be well and safe, regards,
Nina Daruwalla
BRE#01712223
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0 votes 5 answers Share Flag
Sun Sep 8, 2013
John Hostak answered:
Clydene -

There is abundant evidence of induced electrical field in horizontally placed objects like pipelines, wire fences, semi-trailers, etc. resulting in problems like enhanced corrosion of metals when high-voltage lines (e,g., 450,000 V) are emplaced above the objects. The US has not established uniform standards for health protection for these types of fields as yet.

Your concern, in the hundreds of volts, is not insignificant from the standpoint of electrical protection, but is unlikely to result in corrosion of a vertically placed well casing if they are metallic, and in all events has no lasting effect, if any, on the quality properties of the supplied water. If the casing is more recent and is of PVC, the effects are pretty much non-existent. Jerry's resources below from the Health Physics Society and Wikipedia are enlightening about the subject. Also, check the following where standards have been established (UK is a bit ahead of us in this area) for more information:

http://www.hse.gov.uk/radiation/nonionising/electro.htm.
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0 votes 5 answers Share Flag
Mon Jul 29, 2013
BA buyer answered:
Anything changes in last one year in ref to answer of original questions such as re-zoning, bart etc as we are looking into this warmspring area...
Also the talk about possible building on new 4000 homes near BART station, can it imapct the warmpspring schooling and possible re-zoning or overcrowding issues..
thanks...
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0 votes 3 answers Share Flag
Mon Jun 24, 2013
Terry Farnsworth answered:
An individual landlord is bound by the same "rules" when it comes to discrimination as anyone else. That said, there is nothing wrong with a landlord - or real estate agent for that matter - setting high financial and/or credit requirements. Everything in your question seems fairly normal - except for the part where you mention that they will look for "kind of family they are renting it to".

There is nothing wrong with a landlord requiring a certain credit score, or level of income - so it's possible that while your financials are good - the other applicant's was better.

Regardless of whether you are represented by an agent or not, when it comes to fair housing - discrimination on the basis of race, color, religion, national origin, sex, familial status, and handicap is never OK per federal law. There are other protected classes as well that vary by state.

You are allowed to, however - set restrictions such as "No credit scores under 700 will be considered" etc.

Hope that helps!
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0 votes 9 answers Share Flag
Mon May 6, 2013
John Juarez answered:
Is it worth $415K to you, bakul_jain? Because if you want it, that may be what it will take to put your name on the ownership deed?

Will it appraise for $415K? I doubt it. As Carl has already pointed out, appraisals are a huge problem in this rapidly escalating market. If you are ready to make the offer that will be sufficient to secure the property be sure that you can swing it financially. Not only must you be preapproved for a mortgage but you better have extra reserves to make up the difference between the appraised price and the contract price.

One more thing…if you do manage to buy the condo do not second guess the price. You won the contest! You got the condo! That is what you are trying to do…right?
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0 votes 5 answers Share Flag
Mon May 6, 2013
John Juarez answered:
Firsttimehomebuyer,

The most recent sale of a condo on Fernald Common in Fremont was a unit that listing for $425,000 and sold for $481,000.

This is the property that you thought was “overpriced.” Apparently the buyer did not agree. ... more
0 votes 8 answers Share Flag
Sun Mar 10, 2013
Brian Ripp answered:
Well, the number could have been wrong last year, or incorrect this year. You should contact the HOA for the numbers.

However, there are a lot of investors buying property - so there might have been a few investors in that complex. As well as homeowners keeping their condos and renting them out and moving up to a larger home.

It's not good or bad, it's just shows at this time there are more renters there. We hope the HOA will continue to maintain the complex and make it a great place to live.

Brian
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1 vote 1 answer Share Flag
Mon Jan 7, 2013
corymoto answered:
The smell that I smell is the one that comes from the evaporation of the marsh area. It's very sour, like a dirty diaper, and happens about 2 to 3 times per week, especially after a rainy day. I've driven by the dump and that smells too (of course), but it's not that same "Fremont" smell that I detect all the way up to Mowry. As for any real estate people, of course they don't smell anything, that would effect their livelihood. ... more
0 votes 14 answers Share Flag
Wed Aug 15, 2012
The Medford Team answered:
The only person who can really answer this to your satisfaction is ... you. You really need to go there on a few different types of days and use your nose. In reality, it depends a lot on how sensitive your nostrils really are … my wife can smell things I cannot, and so is obviously bothered by smells more than I am. Women overall seem to have a better sense of smell than men. ... more
0 votes 5 answers Share Flag
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