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95116 : Real Estate Advice

  • All9
  • Local Info3
  • Home Buying0
  • Home Selling0
  • Market Conditions0

Activity 1,728
Fri Dec 14, 2012
Terri Vellios answered:
No. I only know of one that was in existence and that was on Payne Avenue in Campbell.
0 votes 4 answers Share Flag
Sat Dec 15, 2012
Mitchell Pearce answered:
galabing:

In this lending climate, it is never good to remove the loan contingency till the deal closes. Don't take a lock for less than the time necessary to close the deal. You cannot predict when things will settle down in Europe, if a miracle happens in Congress and they get their fiscal act together (Yes that is a long shot, but if it happens rates stay low, and if it does not rates will go up dramatically at some point. You don't want to be unlocked at that point.)

When rates move against you, they move a quarter pint in a day. I've seen them move half a percentage in less than three days. Do you really want to be playing in that game?

Mitchell Pearce
408-639-0211
mitchell@handsonrealtor.com
... more
0 votes 13 answers Share Flag
Thu Dec 13, 2012
charles butterfield answered:
Thank you for your question:

Yes, finding a single family home under $300,000 within 30 miles of San Jose is a challenge. Our office did have one listed in Boulder Creek, however that one is now sold and has closed escrow.

I do not know of any others currently on the market in that price range, but they do come on the market from time to time.

I will keep an eye out for you and let you know when on does come on the market.

For more information, you may contact me at my cell phone: (408)509-6218 or send me an email at my email address: charlesbutterfieldbkr@yahoo.com

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
American Realty
Cell Phone: (408)509-6218
Fax: (408)269-3597
Email Address: charlesbutterfieldbkr@yahoo.com
DRE#00901872
.
.
... more
0 votes 6 answers Share Flag
Mon Jul 29, 2013
charles butterfield answered:
No.

You can pull your own credit score and it will not count against you as a credit inquiry and it will not affect your credit score..


.
0 votes 11 answers Share Flag
Wed Dec 12, 2012
charles butterfield answered:
Thank you for your question, Krish77ranga:

The answer is yes, there certainly are a number of post 2000 condo and townhomes available in Evergreen.

Please call me at my cell phone (408)509-6218 or send me an email at my email address: charlesbutterfieldbkr@yahoo.com

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
American Realty
Cell Phone: (408)509-6218
Fax: (408)269-3597
Email Address: charlesbutterfieldbkr@yahoo.com
DRE#00901872
.
... more
0 votes 5 answers Share Flag
Thu Dec 13, 2012
Linda Baker answered:
Hi Angie,
Believe it or not, right now is a great time to sell!!
Even though December is historically slower, there are still many active buyers and multiple offers are still the rule of the day!
If your house is ready to role, take advantage of the low inventory and go now!!
If you need help, just let me know.
Cheers,
Linda Baker, Alain Pinel Realtors
408.712.3432
... more
0 votes 19 answers Share Flag
Fri Oct 25, 2013
Mitchell Pearce answered:
bfshaboski:

If it is a request for a mortgage, federal rules state the bank has 3 days to respond once it has all information necessary to respond. If you provided all information they have asked for and not gotten a response, I suggest you go to a different bank and start fresh.

Mitchell Pearce
mitchell@handsonrealtor.com
408-639-0211
... more
0 votes 6 answers Share Flag
Sat Mar 30, 2013
Steven Ornellas answered:
Hi Alice, you are targeting the most risky of ways to obtain distressed property and if you have not done this before I would refocus your purchase towards a different direction.

Here's a quick "risk scale" for property purchasing (from highest-to-lowest risk):

1) Trustee Sale,
2) Auction Company Sale,
3) REO (reduced disclosure requirements),
4) Short Sale (primarily risk is approval timeline), and
5) Non-Distressed Sale.

Finally, a few words of caution...

"REOs: How Buyers Can Avoid Hidden Unsecured Property Tax Liens"
http://www.trulia.com/blog/steve_ornellas_mba_re_mastersgri/2012/04/reos_how_buyers_can_avoid_hidden_unsecured_property_tax_liens

-Steve
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0 votes 6 answers Share Flag
Thu Dec 6, 2012
Lamson Dang Broker/Listing answered:
Dear Sudarshan Sathe,

It's OK to buy a Townhouse/Condo within $200,000 and rent it out. However, I would think the best could be buying a Duplex/4-flex. If you have income to support the new loan, then use $200,000 for initial investment/down-payment.
You can visit my website and read market review for these types of properties in San Jose.
Best wishes,

Lamson Dang
http://lamsondang.com
... more
0 votes 14 answers Share Flag
Tue Dec 4, 2012
Thomas Feng answered:
Hi April, here is the home buying process broken down into 5 steps for you http://bayareaconnect.com/buy-a-home-step-1/

This is my real estate blog with weekly market reports and new listing photos.

Please give me a call at (408) 840-3852 or Thomas.Feng@gmail.com to further discuss your situation and how to win in this current market.
... more
0 votes 22 answers Share Flag
Thu Jan 17, 2013
Norman Alessandrini answered:
Hi Breana,
As a realtor we are prevented from steering clients in regards to a neighborhood's demographics, safety, ethnic make up, etc., so we cannot "rate" any area for safety.
However there are websites with the information for you so that you can see what reports have been made to the police. You can review http://www.crimereports.com to see the police activity in the area and also http://www.meganslaw.ca.gov.
If you have any questions feel free to contact me.
At your service,
Allyson
408-705-6578
allyson@homesbyallyson.com
Certified Distressed Property Expert
... more
0 votes 8 answers Share Flag
Sun Feb 16, 2014
David Sciplin answered:
Streets around the Story & Capitol Expwy area are nicely improved. Investors were buying and flipping homes around the Reid Hillview airport. Homes in the Alum Rock near King area before the hills are selling fast when sellers are being reasonable. New construction is in West San Jose around Hamilton and San Tomas and Stevens Creek and Winchester. I'm just waiting to see the traffic in the area once the units are sold. The overpass and freeway exchanges at Stevens Creek & 880 are being redone.

David Sciplin
Coldwell Banker Residential Brokerage
david.sciplin@cbnorcal.com
... more
0 votes 6 answers Share Flag
Fri Sep 27, 2013
Suzanne MacDowell answered:
This is really a question for an attorney. There may be tax implications and so on. And so many questions, is there a mortgage on the property? How will you protect your rights until your passing? You really, really need to talk to an estate planning attorney before you do anything.

Good Luck!
... more
0 votes 14 answers Share Flag
Sun May 3, 2015
Michael Cheng answered:
Trulia, are you looking to renovate a home for one of your executives? If so, the annual property tax will be adjusted based on value of the added improvements for the renovation.
0 votes 8 answers Share Flag
Mon Nov 26, 2012
Laura Feghali answered:
Hello Mary,
No, a business license is not required to rent out a residential dwelling. You would be the landlord/owner but possibly would need to hire a property manager to oversee the property if you are not residing in the area.
If it is a commercial property then you definitely would need to have someone manage and oversee the tenants.
I suggest that you work with a local real estate agent there to assist you in marketing the property and guide you through the rental process.

Good luck to you!

Laura Feghali
Prudential Connecticut Realty
... more
0 votes 3 answers Share Flag
Sun Nov 25, 2012
Terri Vellios answered:
I pulled up a quick tax record and did not see a house on Gregg with that address.

Now there is a house for sale at 1880 Gregg Drive. You may have found a scam.
0 votes 2 answers Share Flag
Thu Nov 22, 2012
Terri Vellios answered:
You will more likely find USDA qualified properties in Santa Cruz County. San Jose/Milpitas is not rural. The USDA website has a map showing the areas which qualify.

One of the challenges buyers face today is that our real estate inventory is very low and the competition is quite high. USDA financing will not be a benefit on most properties in demand.

Doing your homework now is good, as we don't know what our market will be like in 6-8 months. Getting your loan approval done ahead of time and knowing the areas to purchase will help.

To put to Perspective, as I used to live in Anacortes, WA and I know you can buy a new single family home in Washington for $200,000. In Santa Clara County you'd be lucky to buy a 1 bedroom condo for that.

I don't want to discourage you only give you some perspective.
... more
0 votes 2 answers Share Flag
Mon Nov 26, 2012
Grace Hanamoto answered:
Nope it was a scam and has been removed from Postlets. Anytime it seems too good to be true, it usually is.

By the way, if the listing is missing:

1. The name of a recognized LOCAL real estate firm
2. The contact information for a LOCAL Realtor
3. An exact address of the home

Then run, do not walk, to report the listing to Trulia or the website where you find the posting. 99 percent of the time, the information is false and intended to part a consumer with his/her money.

Thanks for pointing this one out to me. I've already flagged it for Trulia.
... more
0 votes 4 answers Share Flag
Wed Nov 21, 2012
Terri Vellios answered:
This is a tax question and is best directed to your trusted tax advisor.

Generally PMI is not a taxable deduction on owner occupied properties. I'm not a tax advisor so please call your tax person.

Have an amazing day!
... more
0 votes 7 answers Share Flag
Sun Nov 25, 2012
Bill Mccord answered:
Hello. At any time these kinds of options are very rare. nI todays booming sellers market where 99.9% of new listings are sold within days I do not think there is any hope of finding a seller willing to consider a Lease Option deal.
Can you please explain why you feel this is a viable option for you when there are so many great 1st time home buyer programs available for just about anyone who really wants to be a buyer.
Good luck,
Bill
... more
0 votes 14 answers Share Flag
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