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94005 : Real Estate Advice

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  • Local Info0
  • Home Buying1
  • Home Selling0
  • Market Conditions0

Activity 8
Fri Jan 22, 2016
Michael Kaprielian answered:
Hi Ms. Judge,
The answer to this question is 2 fold. First I would say that if you have found a Property that you like I would put an offer on the property and try to get into contract with the sellers. With inventory so low a properties selling at an accelerated rate just getting an accepted offer can be a problem.
Secondly, once in contract use the timelines stated in the Purchase Contract for the Property Contingencies to research this question. As a licensed Realtors, we are not qualified to advise you on such matters other than help guide you to someone who is a specialist in that field.

Always remember that at the end of the day it's you that must be satisfied, if not than cancel the contract.

Regards,
Michael
MKaprielian.com
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Fri Jan 22, 2016
Ron Thomas answered:
This would be the place to start:

LISTING PRICE
Understand that the LISTING PRICE has one primary objective, to attract attention: It is not intended to be set in stone, and in many cases it is not even a good guideline toward the SELLING PRICE.

Some Sellers believe that by setting the LISTING PRICE high, they can always come down, and people will make an offer anyway: WRONG! Buyers will just bypass the property and look at houses that are within their price range. And six months from now, the Seller will slowly start lowering the PRICE, (this is called “chasing the curve”) and Buyers will be asking the question; “What’s wrong with that house?” and “Why has it been on the Market so long?”

Other Sellers set the LISTING PRICE low, to attract multiple offers. (The correct strategy.) We are asked; “Aren’t you obligated to sell at this price if someone offers it?” The answer is probably not; for that to happen, you would first have to have only one offer, and secondly, the offer would have be exactly the same, down to the smallest detail, (please discuss this with your Realtor).
Another thought; Buyer will search for potential properties by groups; for example, $400,000 to $450,000, and $250,000 to $300,000. If your house is priced at $460,000 or $310,000, the Buyers will never see it. (something else to discuss with your Agent.)

Different Banks have different philosophies about pricing their properties: You cannot draw any conclusions without a good analysis.

Have your Realtor do a CMA, (Comparative Market Analysis) to help you determine your Offering Price. It is the surest way to determine the Market Value of the property.
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Mon Feb 27, 2012
Mark Brandemuehl answered:
Hi Carolyn,

The answer is that it's a mix in Brisbane. You'll get plenty of sunny days and you'll get a lot of days where you wake up to low clouds that don't burn off until late morning. You can go to this link to see monthly history of weather as measured at the San Francisco airport which is essentially in Brisbane.

http://www.wunderground.com/history/airport/KSFO/2011/1/20/MonthlyHistory.html#calendar
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Wed Apr 11, 2012
val krysov answered:
Hi,
First of all, depends on where you work if you are and commute;
Peninsula is very convenient to commute to San Francisco and San Jose, East Bay and Half Moon Bay as there are al the freeways easy access - 101, 280, 92.
And all yours other criterias are also there - good schools, nice view, quality unique home (not development), close to BART, great for raising a family.
Let me know if I can help you anyhow in locating your next home
best regards
Val
http://realtyfinancial.com
info@realtyfinancial.com
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Thu Aug 21, 2014
Paul Jaworski answered:
Hi Gordon,

Did you get any good answers to your question? Let me know if you're still interested in this area. I recently helped a client purchase his second condo in this community.

Warm Regards,
Paul
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Thu May 27, 2010
jjacobsDO answered:
Brando,
My staff has had great success with a Sr Mortgage Officer, Tom R. Callahan who is apparently a top producer for BBVA-Compass which is one of the largest banks in the world, I think ranked 7th.
I know for fact they can do the refinance with no regard for seasoning and have always had very good rates and low cost. They have 30 or 15 yr fixed and ARM's

You can reach Mr Callahan by e-mail:
tom.callahan@bbvacompass.com

Application site:
www.bbvacompass.com/mortgages/tcallahan

Good Luck to you, TJ PhD
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Mon Oct 29, 2012
Joel Diaz answered:
Yes I've sold BMR's and know of some really BEAUTIFUL ones available. As long as it's a nice development, you can expect your BMR to go up in value 5-10% every year. It has to do with incomes.

BMR's are allowed to go up in value every year at the same percentage of average incomes in the area. So long as average incomes rises, so will your BMR. The restrictions on resale require that you sell to a low or moderate income qualified buyer. As low and moderate incomes rise, those low and moderate income borrowers will qualify to borrow more money and pay you a higher price on your BMR home.

Low and moderate incomes in the Bay area have been rising at a very high rate for the past 35 years and San Mateo is one of 4 counties with the highest incomes in California. This means that BMR's will climb in value every year at a steady rate, perhaps at a faster percentage than market rate properties. At no time will BMR exceed market rate properties values, but it is possible that they could sell at similar rates in the future. It all has to do with incomes in the area.
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Sat Sep 5, 2009
Gene Yakubovich answered:
Slopped lot usually will require retaining walls and foundation that will support slope, It could run very high. The construction cost will be based on the quality of construction and finishes. Current cost in San Francisco -Bay Area runs $ 150-$ 300 per sq. ft that you need to add the cost of retaining walls.

Gene
www.gemconsultants.net
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