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Market Conditions in 95126 : Real Estate Advice

  • All33
  • Local Info6
  • Home Buying20
  • Home Selling0
  • Market Conditions0

Activity 59
Sun May 12, 2013
Elena Talis answered:
This property was recently sold - why do you think it might be for rent?
0 votes 5 answers Share Flag
Fri Apr 5, 2013
charles butterfield answered:
Yes.

The current buyer's market appears to have started in The San Jose area in early March of last year.

I would say that an estimate of 20% increase in price from last year to this year is a good approximation of the price increase over the past year.

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 4 answers Share Flag
Thu May 2, 2013
charles butterfield answered:
The current market in San Jose is a seller's market. The buyer's market ended over 1 year ago.

The inventory of active listings has dropped to a very low level.

There are far more people who want to buy property than there are people who want to sell property. People who had been sitting on the sidelines for the past few years have all of a sudden jumped back into the market to buy property.

People who were waiting for the market to fall further waited too long.

Now we have panic buying.

Multiple offers of 10 to 20 or more with overbids well over the amounts of the recently closed comparable sales are very common. All cash offers and offers with 40% to 50% or more for the down payment are very common.

This is a market that is far out of balance. There are far more buyers than there are sellers.

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 11 answers Share Flag
Thu May 2, 2013
Terri Vellios answered:
Value is in the hands of the key holder. Value is determined by location. It it is a solid refurbished Victorian in downtown Los Gatos vs a new construction in downtown San Jose, I'd say the older Victorian.

It all comes down to Location, Location, Location.
... more
0 votes 5 answers Share Flag
Thu Mar 28, 2013
Myron Von Raesfeld answered:
The market trends in the 95127 zip code area for foreclosures are improving significantly for homeowners. Values are rising significantly and many distressed property owners are finding their situation improving as home prices rise. Currently there are 29 active homes on the in 95127 market, of which 3 are short sales and 2 are bank owned properties for sale.

There are 77 homes that are pending sales and of those 40 are short sales and 1 is a bank owned property. For the past 6 months banks have been focusing on cooperating with short sales over the foreclosure. I believe the trend will continue with the banks preferring the short sale over a foreclosure and if the market continues to improve you will see less and less distressed sales.

The average marketing time of homes today is less than 30 days and inventory as a whole remains very low which will continue to put upward pressure on homes that come to market.

I hope this answered your question. Have a great day.
... more
0 votes 2 answers Share Flag
Thu Mar 28, 2013
Terri Vellios answered:
Trends are based on time. What do you want it compared to? Also, 95127 Covers Alum Rock and Berryessa.

If you want to a report specific to your house, drop me an email with the details and I'll email it to you. ... more
0 votes 3 answers Share Flag
Thu Jan 30, 2014
Stu Carson answered:
Do you already have an agent? Or are you still deciding who you want to represent you?

There are 6000+ Realtors in Santa Clara County alone. As with any occupation, law, medicine, etc... all Realtors are not equal in experience, skills, training and effectiveness. Take the time to learn about a few Realtors and interview a couple. Hire the best. Why not?

resume http://stucarson.com/AboutTheTeam

references http://stucarson.com/testimonials

Stu Carson
408-209-0849
http://www.GetRealRealtor.com
http://www.JustMyProperties.com
... more
0 votes 6 answers Share Flag
Thu Feb 21, 2013
John Juarez answered:
Great question, Laura.

The answer is “it depends”.

A condominium is a dwelling type where you own your respective unit (usually from the drywall/plaster inward), and you also own a share of ownership in the common elements of the entire development.

Examples of common elements you might find: Pools, picnic areas, tennis courts, lobby, common walls and utility elements, concierge service, security office, parking garage, tennis courts, etc.

A townhouse – which is an architectural style – can be attached or adjoining other homes and is sometimes also a Fee Simple home. In a Fee Simple townhouse you own the entire structure, the land, the sky above it etc, but you will have joint ownership and maintenance obligations of a common party wall and possibly other elements like a common roof depending on the structure. You will usually have a pro-rata shore of ownership in the common area and elements of the community.

To add to the confusion, a townhouse can also be a condominium.
... more
0 votes 2 answers Share Flag
Tue Jun 18, 2013
Shanna Rogers answered:
Hi ferdiween,

Don't give up! Now is a good time to buy because prices are starting to go up. If you wait, you may end up paying more. Just keep trying.

Shanna Rogers
SR Realty
www.RealtyBySR.com
... more
0 votes 8 answers Share Flag
Tue Feb 19, 2013
Irene Jacobson answered:
Hello Ferdiewen,
This property is still 'active'. Any offers the agent or seller may have received are private. If you are interested in the property I would be happy to help you.
Best regards,
Irene
... more
0 votes 4 answers Share Flag
Thu Feb 7, 2013
Vickie Chandler answered:
There will always be a certain amount of inconvenience when a LARGE number of people converge on the area. Good News, it's only 8 games a year. Mostly on Sundays.

Extra good news, property values will increase. And, who knows, maybe you can charge $20 for Parking in your driveway (wink, wink). ... more
0 votes 3 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
... more
0 votes 6 answers Share Flag
Fri Oct 19, 2012
Norman Alessandrini answered:
Yes, I agree the more multiple offers I see with each home my buyers go to and with the volume of offers and the increase in prices I can't help but think this will be with us at least for a little while. It will change if there is another economic crisis or interest rates go up.
At your service,
Allyson
408-705-6578
Allyson@homesbyallyson.com
Certified Distressed Property Expert
... more
0 votes 3 answers Share Flag
Sun Oct 7, 2012
Lamson Dang Broker/Listing answered:
Dear Debbie Garcia,

From MLS information, H.O.A. is $325. Open house today from 1-4 pm 10/07.
Association included: Landscaping/Gardening, Pools or Spa or Tennis, Professional Management, Roof, Unit Yard Maintenance, Common Area Electricity, Common Area Gas, Exterior Painting, Fencing.

If you need further assistance, please give me a call or visit my website at
http://lamsondang.com

Thanks,
Best wishes,

Lamson
... more
0 votes 1 answer Share Flag
Sat Oct 6, 2012
John Hanson answered:
Va loans are a great way to buy a home. Sometimes they get a bad rap as agents either do not know how easy they are to deal with or are concerned that it is %100 financing. In a sellers market it is often hard to get a VA offer accepted due to these concerns. One of the great benefits available to the Veterans who have served their country.. Great loan program. ... more
0 votes 3 answers Share Flag
Wed Jun 11, 2014
charles butterfield answered:
Thank you for your question:

I have several clients who live in that neighborhood. My clients are very happy with the neighborhood. The prices are relatively low for a property in that neighborhood.

The best way for you to tell if this is a neighborhood that you would like, I recommend that you go out and knock on some doors in the neighborhood and ask the neighbors how they like that neighborhood. That is the best way to tell if this is a neighborhood that you would like.

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 8 answers Share Flag
Mon Sep 24, 2012
charles butterfield answered:
Thank you for your question:

The neighborhood is mixed with families of all ages.

The best way to tell if this neighborhood is what your are looking for, I recommend that you knock on a few doors in the neighorhood, and tell people that you are considering a move to that neighborhood and ask people for their opinion about the neighborhood.

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 3 answers Share Flag
Thu Dec 8, 2016
Grace Hanamoto answered:
Hi Mmpp and thanks for your question.

To be frank, there is no such thing as a list of "all the HOAs" in San Jose, that's because, homeowners associations are corporations that sometimes have the name of the community as their HOA name and sometimes they don't. HOAs are also "C" corporations, and there is no category within the Secretary of State's office that separates corporation by profession or type or location. There are literally hundreds of, if not over a thousand, HOAs in San Jose alone, and you'd need to dig quite a lot to find them all.

I guess a better question to ask if WHY you would want such a voluminous list of HOAs, and what you intend to do with the information once you have it. If you're looking to solicit to HOA boards and their members, then contact the Executive Council of Home Owners (ECHO) in San Jose for pricing to advertise through their newsletter. Otherwise, you'll be doing finding HOAs, the old fashioned way, and that's with a lot of footwork and individual review with the Secretary of State's offices.

Good luck!!

Sincerely,
Grace Morioka
Area Pro Realty-People's Choice
... more
0 votes 7 answers Share Flag
Thu Jul 26, 2012
Gabriel Nguyen answered:
You can check with Santa Clara County Assessor Office https://www.sccassessor.org OR you can email me the address and I will search for you, we will provide the history of the property in case you wanted to know.

Gabriel Nguyen
1-STOP Realty Group, Inc.
900 E. Hamilton Ave. #100
Campbell, CA 95008
DRE#01463101
(408)426-1441
http://www.4reohomes.us
... more
0 votes 10 answers Share Flag
Thu Jun 28, 2012
charles butterfield answered:
Thank you for your question, Vernie:

The market has become a seller's market in the past few months. We are having multiple offers with overbids on many of the properties.

The economy in the Silicon Valley has improved considerably. Many employers are hiring again.

Rents are rising rapidly and I expect that those rents will continue to rise. The result is that owning a home is becoming far more attractive financially than renting.

Interest rates are very low. With a fixed interest rate loan of 30 years, your costs of owning a home are fixed, while rents will continue to rise.

The available land for building is built out. There are few opportunites for builders to build new homes.

I recommend that if you have stable employment and can afford to buy a home, now is the time to do so. Home prices are still artificially depressed due to the foreclosure crisis. The price that you pay for a home today is far less than you will pay in the future.

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
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