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95035 : Real Estate Advice

  • All94
  • Local Info7
  • Home Buying67
  • Home Selling8
  • Market Conditions1

Activity 129
Thu Apr 11, 2013
Jennifer Strohfus answered:
Smelling issue is getting better and better. Milpitas schools are improving a lot for the last few years and Milpitas housing market will be more and more desirable. When the land in Milpitas gets more valuable, dump may be forced out. The best part of Milpitas is its convenience to access HW 880, 680, 101, 280. ... more
0 votes 7 answers Share Flag
Tue Mar 26, 2013
Tina Lam answered:
There are definitely worthy trade-offs to consider between the two communities.

However, if you've been working with a buyer's agent, then you should get his opinion. It sounds like you've been to both builders' offices already. ... more
0 votes 7 answers Share Flag
Wed Jul 31, 2013
Terri Vellios answered:
In today's real estate market, inventory is very low. Sellers, including builders have the advantage over buyers.

To get new construction, with that square footage, and decent schools, at that price, I would agree with you. Understand this, builders will toss out a price but once it is converted to a contract that price can go up. There is no guaranty that they will sell it to you at the hold price.

There are so many considerations in purchasing new construction. The builder is going to pass on closing cost to you and their contract will remove certain contingencies.

If you have already registered with the community sales office you may be locked into using their agents and have a dual agency. If you have not registered you may want to consider having your own agent represent you.
... more
0 votes 3 answers Share Flag
Wed Apr 10, 2013
Terri Vellios answered:
For crime go to www.crimereports.com

For value the market is a strong seller's market so the value is going to be determined by the winner of the bit.

What are you looking for in a home? ... more
0 votes 5 answers Share Flag
Tue Apr 30, 2013
praveenjayaraman answered:
Also wanted to add, in the county records, the house is listed as a single family attached but other 'IDENTICAL' houses in the same community were listed and sold as townhouses.

Is it legit to accept the second appraisal which calls this property a PUD ? ... more
0 votes 12 answers Share Flag
Wed Mar 26, 2014
Jlp470 answered:
Great location and pricing. Which floodplan are you looking at?
0 votes 15 answers Share Flag
Thu Feb 7, 2013
Meena Gujral answered:
Hi Jay,

I am sure by now you are aware that this is a seller's market so anything and everything is possible. The sellers are in a position to ask the buyers to pay for what would normally be sellers closing costs.
The sellers know that inventory is very low and there are too many buyers looking for a home.

In this market with demand so high, the builders can be choosy and they are not willing to nogotiate much at all. So if you don't pay them what they are asking for, they have too many buyers lined up who are more than happy to pay the asking price and get into a property.

I am sorry, I know that this is not what you wanted to hear, but that is what the market conditions are right now.

You should make sure you take an agent with you when you go to see new homes. I also provide the buyers with an analysis of how much the homes in the last few phases have sold for and how much the resale homes in the neighborhood are selling for so you can make an informed decision.

So if you are still checking out other builders, make sure you do not go in on your own. The builder will pay the buyer's agent commission so it will not cost you anything to get an agent. You have a lot to gain and nothing to lose .

Meena Gujral
Achievers Realty
510-279-9580
www.helpusellachievers.com
... more
0 votes 5 answers Share Flag
Wed Jul 31, 2013
Terri Vellios answered:
They are just gearing up and releases and final prices is not yet determined. I am friends with one of the sales representatives for DR. Horton. I can keep you posted on updates.

If you decide you want someone to represent you in the purchase, you need to have your buyer's agent with you on the first visit to register. ... more
0 votes 8 answers Share Flag
Thu Feb 7, 2013
Tina Lam answered:
Well, there's no specific odor issues around those homes. More generally, you'll notice an occasional odor issue in Milpitas and Fremont from the proximity of the waste treatment facility in Newark.

You'll have to check with the builder to see what type of flood zone the community is in.
... more
0 votes 3 answers Share Flag
Sat Jan 19, 2013
Tina Lam answered:
I've represented buyers at Sundrop and have spent plenty of time inside. They're actually about to close in the next week. Once inside, the freeway noise is not noticeable with the dual pane windows, particularly those further away.

Since the community has sold very rapidly, there are plenty of buyers who are comfortable with the location and sound isolation.
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0 votes 9 answers Share Flag
Tue Dec 11, 2012
Tina Lam answered:
It very well could be. Trulia sometimes pulls outdated info from outside data sources. If this is your property and this really bothers you, the you can contact Trulia to have it corrected. ... more
0 votes 7 answers Share Flag
Thu Oct 25, 2012
John Souerbry answered:
Not very many property managers deal in rooms for rent, we don't.
0 votes 2 answers Share Flag
Sun Oct 21, 2012
Tina Lam answered:
Sophia,

I'm not sure what site you're using to check the crime statistics. If you're seeing a red spot, it's likely to indicate more crime activity in the area, not necessarily at the unit. The unit itself is in a rougher part of Milpitas, but that's not as big a concern as the interior. ... more
0 votes 2 answers Share Flag
Tue Jan 29, 2013
Tina Lam answered:
Yeah, everything you've mentioned is right on the mark. Plus, with the new BART station coming up nearby, it's even more convenient.

As for the correctional facility, it's definitely impacting the market price in the neighborhood. That's why those homes are so affordable and will likely remain so.

In the long run, there's been talk of possibly relocating the correctional facility. If that does happen, prices at Terra Serena will likely jump 30-50%.
... more
0 votes 3 answers Share Flag
Fri Oct 12, 2012
Elena Talis answered:
Depends. What does it say in the short sale addendum? How much time did you have to get the sale approved? Most probably you have to put the property back on the market.
0 votes 12 answers Share Flag
Tue Sep 18, 2012
Barbara Hunt answered:
Yes, go to http://www.vta.org/bart/index.html and you can see everything to do with the new BART route to San Jose, and sign up for updates, too. The only Milpitas station will be at Montague and Capitol near the Great Mall; there'll also be a station in Berryessa, between Berryessa and Mabury adjacent to the Flea Market.

Barbara Hunt, Realtor
Keller Williams Realty
408-921-6495
... more
0 votes 5 answers Share Flag
Wed Jul 22, 2015
Terri Vellios answered:
What does your lender state? My lender has approved FHA in 14 to 17 days. And a full 30 day closing.

You should meet and select your agent. Meet and Select your Lender. Get a pre-approval, usually within a few days. Then go shopping for a house.

Have an amazing day!
... more
0 votes 9 answers Share Flag
Fri Feb 8, 2013
Tina Lam answered:
For questions like this, you'll have to ask your Realtor. While I know the neighborhood and the type of home you're looking at, it's not possible to know whether you should remove all contingencies. I would need to review the inspection report and discuss your personal situation to provide an answer. ... more
0 votes 19 answers Share Flag
Thu May 23, 2013
Thomas Feng answered:
When presenting the offer you will be including a short sale addendum which includes how long, minimum, you will be in contract for. This number is up to you, the buyer, but standard is more than 45 days for a lender to know that you are actually in the game.

If you put in an offer with a X day minimum then yes you will be in contract for that minimum stated time.

I hope this answers your question, if not do give me a call at (408) 840-3852 or Thomas.Feng@gmail.com

For detailed market reports, new listing photos, and interest rate reports check out my blog http://BayAreaConnect.com
... more
0 votes 14 answers Share Flag
Wed Dec 26, 2012
Tina Lam answered:
Nael,

In what way is the seller's agent misleading anyone by asking the loan and appraisal contingencies to be removed? In my opinion, that seller's agent is being unusually helpful in this market, giving those financed buyers who truly desire a home a realistic chance to compete.

Of course, if you believe the market is not that hot, you can try submitting offers with the contingencies in place. There's nothing wrong with that. You just wouldn't get much of a response from the seller side.

And, paying the difference between the appraiser's valuation and your bid is not throwing money away. It's just bridging the gap between the appraiser's inherently rear-looking valuation method and the current market price.
... more
0 votes 9 answers Share Flag
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