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94030 : Real Estate Advice

  • All28
  • Local Info1
  • Home Buying11
  • Home Selling1
  • Market Conditions2

Activity 24
Sun Mar 17, 2013
Elena Talis answered:
Try to meet with them on the property. If they refuse - it is a scam. Also, any realtor can check the county records in matter of minutes to verify the owner names.
0 votes 5 answers Share Flag
Thu Jan 24, 2013
Vicki Moore answered:
Hi Yesenia - The loans are different. There are specific lending institutions that loan on them.

Mobile homes depreciate like a car as opposed to a traditional property that goes up in value. Many of the parks charge very high rental rates. They also have an application in which you have to apply.

The upside is that you may be paying less than renting and you have a chance to pay it off. Although the park may raise its rates, your loan payments are likely to stay the same.

I hope that info is helpful.

Best wishes
Vicki
... more
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Sat Dec 8, 2012
Jean Joh - Perisson Real Estate answered:
Well, it's a combination of two things. First, as you say, the holidays and end of the year typically lead to a slowdown in new listings, as homeowners do not want to deal with the hassle of having to prepare their homes for sale while they are busy with family and travel plans. As an area heavily dominated by families, Millbrae tends to experience this effect even more than some other urban areas might. But the second factor is that inventory levels have been exceptionally low in all areas of the Bay Area as well as in most major areas of the country. With the good news that home prices have been increasing (at least good news for sellers), we are hoping to see more people willing to put their house on the market.

Please see my personal blog (link below) for more details regarding this.

Having said this, it's actually a great time to buy a home, as the number of competing buyers tends to go down during this time as well.

Hope this helps & Happy Holidays!
Jean
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0 votes 6 answers Share Flag
Fri Oct 12, 2012
Senka Maricic Foster answered:
Hi Sandeep,

Yes, I am Sales Manager for Millbrae Paradise. We are down to only last few units left...please call me for further information at 415-816-0432.

Senka
0 votes 2 answers Share Flag
Tue Oct 1, 2013
Andrew La Mont answered:
There have been 4 sales of all cash, where list price was under 500k since 01/01/12. 2 were homes and 2 were condominiums, only two sold for under 500k, 1 home and 1 condo.. Feel free to contact me for any other questions or statistics.
650-697-6567
... more
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Mon Nov 12, 2012
Andrew La Mont answered:
For sales since 06/01/12 the average days on the market is 20. 7 out 11 have been over asking. There are 22 homes that are pending sale with 20 days on the market being the average. There are 12 currently for sale with 52 average days on the market due 3 homes on the market for 88 to 210 days. Currently there is a low inventory of homes for Millbrae and many sales are getting over the asking price
Regarding down payment: 20% or more will get you best interest rate and put you in a stronger bargaining position, of course the more down the better. You can get other loans with less down but the interest rate and closing costs will most likely be higher. Feel free to call or email me and I will send a full report on list price versus sales price and many more details. I live in Millbrae and know it well.
Andrew La Mont
Coldwell-Banker
650-697-6567
email: ATlamont@prodigy.net
... more
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Tue Oct 1, 2013
colin mclaughlin answered:
Despite being so well located Brisbane is relatively unknown to many in the bay area.
the Visitacion side(west side of 101) is very nice. I think many associate Brisbane with the the big office buildings on the east side of 101. The community of Brisbane has a great feel! ... more
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Tue Sep 11, 2012
Ron Thomas answered:
With a home, you will have Land, Yardwork, Exterior Maintenance, Room, Double Garage (probably), less Security (maybe), normal neighbors.

With a Condo, you will have no land, No Exterior Maintenance, Little or No Yardwork, Single Garage, (probably), Security, (some), closer Neighbors, and an HOA.

The HOA could be an Ally, or it could be a source of exasperation.
I am not a fan of HOA's.

I would really suggest, before you buy a Condo; go out there and walk around, meet some of your new neighbors (some of which may be your HOA Board Members) and find out if you are comfortable with them.

You can choose your Family, but you're stuck with your HOA.

Good luck and may God bless
... more
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Fri Dec 24, 2010
Paula Snow Broker answered:
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Mon Dec 27, 2010
Patrick Thies answered:
No!!! Right now you do not have a fully approved loan and anything can happen. If you remove the contingency you have nothing to fall back on. The seller being on vacation has nothing to do with you or the loan approval. ... more
0 votes 8 answers Share Flag
Tue Apr 13, 2010
Moises Pelayo answered:
Good evening Cindy. Someone from the developement will be contacting me tomorrow and I will try to find out for you. How many bedrooms are you interested in? Are you looking to buy for yourself or as an investment? Give me a call at (650) 333-0207 sometime tomorrow night so that we can discuss what I have found out. Have a great evening. ... more
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Thu Feb 3, 2011
The Laugesen Team answered:
Dear Hforhouse

Ask the listing agent where she/he established the list price and if the bank appraised the property at list then offer list price, you will have a better shot at getting the home if you really want it. One thing with these banks, they don't really like to work through the short sale process because they don't always feel they are best represented, however if the offer makes sense they do the dance.

I am currently involved in a Country wide short sale transaction, very frustrating, seeing very little progress and my clients really want the home. I am on the listing agent everyday and I try getting in contact with every VP I know at B of A to help push the package along, however all parties have to participate and engage.

Good luck to you

If I can be of any service please feel free to call me.

Denise Laugesen
650-465-5742
#1 Producing Agent
Cashin Company
Direct Line: 650-403-6225
Cell: 650-465-5742
Email: deniselaugesen@comcast.net
Web: http:www.deniselaugesenteam.com
Web:/http:www.SFPeninsulaHomes.com
DRE: 01011089
... more
0 votes 9 answers Share Flag
Tue Apr 13, 2010
Grace Hanamoto answered:
Hello Cindy and thanks for your post.

For more information about the Millbrae Paradise Senior Housing, you can contact the sales office of LF George, the developer by calling (415) 828-9300 or by visiting their website at www.lfgeorgeproperties.com/millbrae.

If you are working with a Realtor, remember to bring him/her with you during your viewing of the community on the first visit. The sales office will ask that you register with your Realtor for assistance.

Good luck!!

Sincerely,
Grace Morioka, Senior Real Estate Specialist (SRES), e-Pro
Area Pro Realty
Tel (408) 426-1616
... more
0 votes 3 answers Share Flag
Wed Jun 23, 2010
Donna Black answered:
Did you mean 600k to 700k? There are no houses or condos in Millbrae in that price range. Donna
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Wed Sep 10, 2014
Jean Joh - Perisson Real Estate answered:
Hi Sophie,
I live in Millbrae and will have a freshman and a jr at Mills next year. I'm actually a part of the PTO board there as well and would be happy to answer your questions re: the school and housing. It might be best if you email me directly so we can "talk" through different options. Please contact me at jean@jeanjoh.com. I look forward to getting to know you.
Jean
... more
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Sat Feb 14, 2009
Al answered:
Good question. I'm in the same situation. It seems to me that house prices are correlated to the API scores of high schools, meaning houses zoned to San Bruno schools are less expensive than schools zone to Mills High. Other than that, I think both locations are nice areas. ... more
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Fri Dec 12, 2008
Victoria Lam asked:
Sat Dec 6, 2008
Cheryl Chapin Petrovich asked:
What happens if the statute runs? (applies to the ans. to my first question.) Does the county appraiser have to come and appraise each house asking for a devaluation? If so, isn't that...
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Sat Dec 6, 2008
Alan Tang answered:
Hi Cheryl,

I guess no one really can give you a good answer on that one. Fortunately I just found out an old friend of mine works in the Assessors Office and he's been swamp with all the forms they received. I asked him if there're any hints that the county will lean towards approving the reassessment and this is what he said:

"Hope that you get a sub par appraiser. If all else fails, file an appeal, and hope the office is so backed up that it goes past statute."

I am guessing that's as good an answer as anyone can give regarding the reassessment.

Check with the city regarding subdivision, and check with a tax adviser regarding using your home for a non-profit.

Good luck!

Alan Tang
CRS, GRI, Realtor
... more
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Fri Nov 28, 2008
CJ Brasiel answered:
Cheryl -

According to different appraisers I have spoke with all sales are taken in account when considering value. It is a weighted average in the sense that if there are only a few foreclosure (or pre-foreclosures like short sales) then the effect is not as great compared to if there are many in the neighborhood. Most appraisers are working within 1 mile and 3 months to pull closed sales for comparison.

If a neighborhood has several foreclosures, it indicates a declining market situation and that can affect values of even the most updated home. Condition does play into it (dead grass, broken windows) but mostly it is a square footage of lot and building that sets the basic value.

CJ
... more
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