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Home Buying in Woodside : Real Estate Advice

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  • Local Info2
  • Home Buying8
  • Home Selling1
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Activity 8
Thu Jun 26, 2014
Anna M Brocco answered:
If purchasing with a mortgage and no permits and c/o's exist, your lender may not lend among other issues; so discuss further with your agent and or, attorney, and see what options you may have.... ... more
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Sat Nov 30, 2013
Kim Benedict answered:
You have to check with the city to see if they will approve the conversion. It maybe a lot of paper work getting the permits, and you want to check the deed to see what it specifies on how the land can be used. If it says only one kind of use is permitted then it most likely cant be changed. ... more
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Sat Nov 30, 2013
Kim Benedict answered:
Best to contact the school they can tell you if you would be in their school district or not, Sometimes they have jagged lines for the schools and it hard to know for sure other wise.
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Mon Aug 8, 2011
John E. Miller answered:
Locate a agent with listings for that area. You have many options of homes homes to look at, even if your a renter or buyer. If your buying try to see if you can get a foreclosure and come up on a good deal. An agent will help you along the way. ... more
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Sat Aug 21, 2010
Holder Real Estate Team answered:
Hi there.

I felt I should add a little clarification to the argument: "regional" vs. everyone else. No one knows whether you left 6-10% on the table - real estate markets don't operate like that. Homes aren't like cars, where you can easily get the same exact car at another dealer. The market (the buyer or collection of buyers) sets the price - no matter what any agent says they can get you. If an agent says "your home is worth X" or they "can get you X for your home", run. They are blowing smoke and you are more likely to leave 6-10% on the table if you list with them than if you sold it yourself.

Any good agent will tell you a general estimate of where the market is for homes similar to yours, but explain that regardless of the estimate, the market is the one who sets the value - no agent has control over the market.

There are ways agents can add value if the owners aren't aware that fixing minor problems in the home, disclosing all defects up front, giving it a fresh coat of paint, and doing a little staging will add value/saleability to their home. If you are an owner that can do those effectively, then the agent can only lend transactional expertise to the situation to help the owner avoid common pitfalls.
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Sun May 30, 2010
Athena Chilicas Saldanha answered:
Hi Bev,
As a Certified Foreclosure Specialist, that answer may be simple; however, given the ever changing Lending requirements, the answer is that it depends upon the condition of the home.

If the home qualifies for a loan, then as a buyer you can look at conventional loans of 20-25% down payment or even FHA (again the home must qualify). Also, the Seller (in most cases it is a Lender or a third party representing the Lender and Investor will only look at qualified Lenders such as BofA, Wells Fargo, Credit Unions and may reject mortgage brokers unless the Mortgage broker can provide the pre-approval from the actual lender being a BofA, etc.

If the home simply does not qualify for a loan, then the purchase would have to be cash.

Great Question! Kindly, Athena
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Sun May 30, 2010
Athena Chilicas Saldanha answered:
Hello Yaniv,
As a Realtor in Woodside and PV, I agree with all of the helpful suggestions of my colleagues.

In addition, the opportunity to find vacant land is greater in Woodside vs. PV. However, the price per sqft is greatest at the flatland and less expensive along Skyline.

Please remember that if you are financing, the Lender environment is such that institutional lenders are very shy in providing financing and you may need to look toward hard money lending. However, if you purchase land with a structure, the opportunity to obtain institutional financing increases tremdendously.
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Wed Jun 17, 2009
Glen Mitchell answered:
In the last six months according to the mls 32 single family homes have sold in Woodside and Portola. 1st quarter of the year received 94.5% of final list price. From December through May average days on market was120.

Glen
... more
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