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Home Buying in 95131 : Real Estate Advice

  • All35
  • Local Info4
  • Home Buying20
  • Home Selling1
  • Market Conditions0

Activity 942
Sat Oct 6, 2012
Tim Moore answered:
You bet you can. That would be a 50% LTV (loan to value) and most any loan officer would jump at that. Contact a couple lenders, mortgage brokers or loan officers and run the details by them. ... more
0 votes 7 answers Share Flag
Fri Oct 5, 2012
Gabriel Nguyen answered:
Hi cscbarnes,

May I ask what would you expect after you bought a manufacturing home in the future? If you can answer them, then you know what to do.

Gabriel Nguyen
0 votes 18 answers Share Flag
Wed Oct 3, 2012
Lance King answered:
Depends on whether or not you've lived there for 2 of the last 5 years and if you are married. If it's an investment property check with your accountant
0 votes 11 answers Share Flag
Sat Sep 29, 2012
Eric H. Wong answered:
Your real estate agent should be able to help you, or talk to the title officer that produced the title report for you.
0 votes 8 answers Share Flag
Wed Oct 3, 2012
Claudia Muller answered:
Your appraiser will solve this question for you.
The appraiser will note that the property has additional space and no permits.
If you are obtaining financing, this issue will need to be resolved prior to your closing.
The underwriter, upon review of the appraisal, will let you know what needs to be accomplished for this.
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0 votes 3 answers Share Flag
Fri Oct 5, 2012
Grace Hanamoto answered:

Thanks for the post.

Personally, termites are here in California because the weather is perfect for their existence--neither too hot nor too cold nor too wet or too dry. Subterranean termites are a problem in many areas of the United States (not just California) because our country was highly wooded at some time in its past. So while I'm sure orchards do add to the allure for termites, there is also a history in our country of big woods and lots of trees.

As for subterranean termite problems, these seem to be some of the easiest forms of infestation for most pest control companies to spot since subterranean termites travel from the ground to the food source (wood) through a series of mud "tubes." These can be seen under the home and the remedy usually calls for removing the tubes and treating the area around the foundation of the home with a pesticide that seeps into the ground and creates a barrier the deters a reinfestation. Obviously, the barrier is not permanent, which is why most forms of termite abatement do require additional treatments at intervals.

The termite that seems to be harder to find, however, is drywood termites. These usually invest a home by "flying" into the structure. Wings, shed from the termite's body, will sometimes litter the ground where the termites have nested or moved into the building. The best way to treat these pests is with a whole house fumigant called "Vikane." This gas would kill everything in a home including, pets, rodents and people, so its strong strong stuff. Once fumitgated, everything in the structure and the walls is dead. This does not prevent reinfestation by drywood termites, so it's a good idea to have the house checked once every couple of years for termites and to take the necessary precautions to remove wood sources (rotting or wet wood) that attract the pests into the home in the first place.

For more information about termites, talk with your Realtor and pest control or termite expert. Each home is different, and brand new homes can be infested with termites, so age is not necessarily a determining factor in finding or having termite damage.

Good luck!

Grace Morioka
Allison James Estates
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0 votes 6 answers Share Flag
Sat Sep 29, 2012
Jose Romero answered:
That's a smart move, by then prices may be peaking and you would cash out at the right time. Have you consider a townhouse or condo? or a 2/1 fixer to keep you in a nice area?
0 votes 9 answers Share Flag
Wed Oct 3, 2012
Ron Thomas answered:
Where did you hear of this happening?
I doubt that you can document this.
I have seen where Banks favor CASH offers; and CASH offers usually come from INVESTORS:
But there is nothing illegal or unethical about that.

Ofg course, the houses that garner CASH offers are usually fixers, and many Lenders will not deal on a fixer, (such as VA and most FHA).

Keep trying; don't get discouraged.
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0 votes 11 answers Share Flag
Wed Sep 26, 2012
The Medford Team answered:
Those of us expecting a slow market in 2012 were jolted by the sudden buying frenzy that began at the beginning of March … that hasn’t slowed since. It seems that everyone got the memo at the same time: “Prices are finally at the bottom and interest rates are at record lows – buy now or miss out.”

Buyers hit the streets like a swarm of ants to a picnic – and existing inventory was carried off in a few short weeks. Sellers have not stepped up to replenish supply for a number of reasons – many are still under water, others, seeing the market surges, are hoping to ride it to new highs and cash out when it peaks – whenever that is. Bottom line: we’re in a housing famine and will continue to be so until we get more inventory.

I personally believe that the sharp increases in housing prices are not economy driven – they are instead the result of a lack of inventory – it’s simple supply and demand economics.

It appears that new home builders, standing on the sidelines for the past few years, have decided it makes sense to get back in the game. I agree.

Here are a few posts (written for the Central County market, but still applicable to the Central Valley) that will help you understand what has been going on in the current market and some potential consequences:

Cash Offers Overheat Housing Market

Central County Sellers’ Market Goes ‘Insane’

Midwest Drought Mirrors Current Housing Market

You ask, “There are a lot of new homes being constructed in Dublin, CA. Can someone explain the potential impact on the housing prices in Pleasanton and San Ramon?”

As I mentioned above, current pricing surges are the result of a lack of inventory. To make matters worse, cash buyers have entered the market and are making it almost impossible for FHA and VA buyers to purchase a home. MANY buyers have left the market in total frustration and are waiting for a game changer of some kind. New home builders may be the answer.

Cash buyers typically do not buy new homes, leaving a window of opportunity for those who see no other way of getting into the market. Builders accept the types of loans (FHA, VA) other regular sellers are currently not interested in. I believe the flow of new homes to the market in Dublin will help alleviate some of the pent up pressure and frustration of buyers who are having a hard time getting a home any other way. In addition, for those who prefer newer homes or more contemporary styles, new homes represent the ideal choice.

I personally believe that we will see a slight slowing in market volatility as new homes help meet some of the projected need, but do not anticipate a reduction in pricing in either Pleasanton or San Ramon. There simply aren’t enough new homes being built to meet the entire need. Additionally, while many want a new home, they don’t want the commute into the East and South Bay – so they are looking for homes in places closer to where they work.

If we see DO a slowing of market dynamics and corresponding reductions in prices, I believe it will be the result of other market forces – we have an election in a relatively short period of time, we are entering the fall season where the market typically cools and there is still vast uncertainty as to the impact Europe’s economic woes will have on the US housing market.
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0 votes 3 answers Share Flag
Tue Sep 9, 2014
Michael Emery answered:
There's nothing 'illegal' about changing agents. However (depending on what you signed) you may be obligated to pay the 1st agent their commission even if you don't use the agent to purchase the home. This is referred to as 'procuring cause' in real estate. ... more
0 votes 17 answers Share Flag
Sat Jan 16, 2016
Grace Hanamoto answered:
Hi Happy:

Whenever we use words like "family oriented" or "small children", as agents, we cannot comment on these qualities for fear of violating housing discrimination laws, so we'd never post comments on this matter publicly and certainly not on a website.

What we can say, however, is that Cataldi is one of the robust neighborhoods in the area, and you can certainly see both fabulous homes and good opportunites in this area. As to the overall lifestyle within the community, the best way to find out what it would be like to live in the community is simply to ask the neighbors. Knock on a couple doors near the home where you'd like to live and ask the neighbors what it's like to live there, how many children and or families live down the street, and get their impressions on the community first-hand.

In addition to asking the neighbors about the lifestyle in the area, you can also check the following for ratings for the local schools and crime in the area at:

Good luck!

Grace Morioka
Allison James Estates & Homes
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0 votes 8 answers Share Flag
Sat Oct 6, 2012
Thomas Feng answered:
It does not really affect the resale value and does not usually make it harder to sell in the future.

The only downside that I can think of, since you don't have children, is that you will have a lot more traffic on the street during school hours.

If you have further questions give me a call at (408) 840-3852 or
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0 votes 12 answers Share Flag
Wed Sep 26, 2012
Brian Wilson answered:
Sat Oct 6, 2012
The Medford Team answered:
It means that the short sale on a specific home has been approved by HAFA guidelines. Here is a link for more information: ... more
0 votes 5 answers Share Flag
Wed Nov 14, 2012
Lance King answered:
A quit claim deed releases any interest in the property of the one granting it. However, it does not come with and warranty of clear title, just releases their interest. When you buy at auction there are often issues with title, so you need to be very careful ... more
0 votes 10 answers Share Flag
Sun Aug 25, 2013
Terri Vellios answered:
I have a PDF showing all the API scores of the schools in Santa Clara County.

Drop me your email and I'll forward to you.
0 votes 6 answers Share Flag
Fri Mar 18, 2016
Lance King answered:
With the caveat that we cannot give legal advice, under most contract inspection contingencies these are not limited to physical inspections. From your rendition of events they cancelled within the prescribed time under the inspection contingency, I think you will likely find it impossible to win a dispute over their deposit. You can consult a real estate attorney to get a firmer opinion after he/she has reviewed your contract. ... more
0 votes 17 answers Share Flag
Fri Jun 5, 2015
Tim Moore answered:
If it is bank owned I am surprised there are any occupants in it. Once it is foreclosed and the bank buys it they make the house empty, banks don't like to be landlords and would rather have a vacant house. It can always be difficult to evict anyone and sometimes they get mad and take it out on the house as they do the midnight move. ... more
0 votes 24 answers Share Flag
Sat Sep 15, 2012
charles butterfield answered:
thank you for your question Mr. Pahm:

Here in The Silicon Valley we have gone from a Buyer's market to a seller's market in the past few Months.

The market value of homes in this valley has rebounded rapidly withing the last few months.

The result is that the homeowners whose houses were going into foreclosure or were candidates for foreclosure have received a new round of motivation to keep their houses out of foreclosure or short sales.

That will probably create the trend for the nest 24 to 36 months. Homeowners will be more determined than ever to save their homes from short sales or foreclosures.

That will lead to a further decline of the homes in the Silicon Valley in foreclosure or short sale status.

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
American Realty
Cell Phone: (408)509-6218
Fax: (408)269-3597
Email Address:
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0 votes 2 answers Share Flag
Mon Sep 17, 2012
Don Tepper answered:
Contact your Realtor.

It shouldn't be difficult. Technically, both you and the seller must agree to its release. However, considering that the house was sold there shouldn't be any problem with the seller agreeing to release your deposit.

With all the paperwork done, it should really only take a matter of days.

Hope that helps.
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0 votes 13 answers Share Flag
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