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Home Buying in 95131 : Real Estate Advice

  • All36
  • Local Info4
  • Home Buying20
  • Home Selling1
  • Market Conditions0

Activity 942
Sun Aug 12, 2012
Lang Lequang answered:
Hello Pangjiangjj,

Moreland Schools, Forest Hill, Marshall Lane (Campbell School Districts) & Cupertino schools are great schools. But it is hard to know where on Hamilton Rd so you can try the following:

Check this link and look at the district lines to be exact for what schools you want your children to attend: http://www.trulia.com/real_estate/West_Valley-San_Jose/1494/schools/

From the district lines, you can find homes for sale from this link: http://www.trulia.com/real_estate/West_Valley-San_Jose/1494/

Hope this helps,
Lang Lequang
www.ezrealtysanjose.com
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0 votes 12 answers Share Flag
Mon Aug 13, 2012
Walter 'Skip' Kersten answered:
Prior to 1998 when the law changed you could defer your tax by purchasing a higher value home. That is no longer the case. As mentioned previously, consult a tax professional to determine your current amounts.
Good luck,
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0 votes 4 answers Share Flag
Sun Aug 5, 2012
charles butterfield answered:
Thank you, Patricia:

Please give us the address of the property that you are asking about so we can look up the space rent for you.

.
0 votes 3 answers Share Flag
Mon Aug 6, 2012
Dan Tabit answered:
Bryan,
Trying to time the market is a risky strategy. The only sure way to know the perfect time is after that time has passed. Rather than focus on external issues, ask if you are ready to be a home owner with all the rights, privileges and responsibilities involved. When you think you are ready find two quality professionals to help, a great lender and great Realtor.
Until you are ready, save some money, learn about the process and get your credit well positioned for a mortgage.
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0 votes 14 answers Share Flag
Mon Aug 6, 2012
Ron Thomas answered:
Because a lot of people are realizing that they are under-water and they don't like it.
0 votes 5 answers Share Flag
Sat Jul 28, 2012
charles butterfield answered:
Thank you for your question:

With respect to this property, the property at 1349 Mich Bluff is described as new, and 1,721 Square Feet.

The most similar recent comparable sale in the neighborhood is 2216 Emerald Hills Circle. That property was built in 1985, and has 1,829 Square Feet. That property was listed on May 11, 2012 at $559,800 and bid up to $631,500 with multiple offers. The offer that was accepted by the seller, was accepted on May 17, 2012 and the close of escrow was on June 14, 2012.

With respect to the issue of lower priced homes in the neighborhood, I supect that these were properties with deferred maintenance and needed a great deal of work. For example several months ago I inspected a home for sale in that neighborhood for one of my clients. The home was listed for sale at $479,000 and finally sold and closed escrow at $465,000. However that property needed a lot of work. I had estimates of approximately $130,000 worth of work needed to bring that property back to reasonably good condition. My client declined to make an offer on the property because of the large amount of work that it needed.

I have not had the opportunity to inspect the property at 1349 Mich Bluff Drive, however, based on the photographs of the interior of the property, this property appears to be in excellent condition. Based on the sale of the property at 2216 Emerald Hills drive, the list price of $668,000 for the property at 1349 Mich Bluff Drive does appear to be a realistic price for a house of this size, new, and in excellent condition in this neighborhood.

I recommend that if you do make an offer on this property that you get a thorough property inspection and roof inspection to confirm the condition of the property and that you check with the San Jose Building Department to confirm that all of the work on this property was done with permits and that those permits have all of the required signatures on them and that they are all finaled.

I also recommend that you ask about the history of this property. The original house that was there was reported to be 846 Square Feet in size. The listing for this property claims that this house is new with 1,721 Square Feet, and was built in 2012. I recommend that you confirm that is true with the San Jose Building Department, and that this is not just a property that was refurbished on the surface, and just had some square footage added to it.

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
.
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0 votes 1 answer Share Flag
Sun Aug 5, 2012
Michael Cheng answered:
Warmington has a good track-record of home building in California. I've seen their workmanship and it's on par with similar new townhouse developments in the area (Pepper Lane and Fusion).

The area is not particularly good, but with the VTA access and plenty of new homes revitalizing the area, your investment returns will be good. With today's price, you'll likely get double-digit returns over the next year, or 50-100% returns on your equity if you put 10-20% down.
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0 votes 1 answer Share Flag
Fri Jul 20, 2012
Trulia asked:
There's a great conversation in New York about this here:
http://www.trulia.com/voices/Home_Buying/A_dream_client_would_have_-409370

Wondering what folks in San Jose think. What would...
0 votes 0 Answers Share Flag
Thu Jul 19, 2012
charles butterfield answered:
You raise some very important issues with your question. As I understand, you are currently represented by a REALTOR. These are issues that you should raise with your REALTOR who represents your interests.

I recommend that you talk about these issues with the REALTOR who is representing you on the purchase and the loan officer who is obtaining the financing for you.
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0 votes 6 answers Share Flag
Sun Aug 5, 2012
Ron Thomas answered:
There are no HIDDEN COSTS when buying a home in California:

After your offer is Accepted and the Escrow is opened;
You may go in and talk to your Escrow Officer and request your copy of the HUD1;
this will detail everything you need to bring to the Escrow.

After you have set your Loan with your Lender, you may request your copy of the GFE (good faith estimate) which will show every fee, charge, interest rate, PITI, everything.

YOUR only problem is reading and understanding these documents: You should have a Realtor on your side to help and protect you.

Good luck and may God bless
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0 votes 3 answers Share Flag
Sun Feb 16, 2014
Tina Lam answered:
Listings on Trulia are not updated. This house is not on the market. If you're looking for a similar home, I can help you find one that is for sale.
0 votes 10 answers Share Flag
Mon Jul 16, 2012
Lamson Dang Broker/Listing answered:
In San Jose, Jan is the lowest sale of the year. May and June are the highest sales. If you would like to see more on other statistics, you can visit my website, click on Monthly Newsletter.
Thanks,
Best regards,

Lamson Dang
408-595-6205
http://lamsondang.com
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0 votes 5 answers Share Flag
Sun Oct 21, 2012
Andrea Wince ~ Lic. 01439761 answered:
How many bedrooms and baths do you prefer and what is your budget?
0 votes 7 answers Share Flag
Sat Jul 14, 2012
Ashley Carrillo answered:
You should look for any water spots on the ceilings. This could be a sign of a leaking roof that might need replacement. Keep a close eye in the bathrooms for mold (areas around the bath tub, shower and grout). Feel free to ask the hosting agent at the open house for any disclosures on the property. Most listing agents have a binder with all the disclosures at the open house. Happy house hunting! ... more
0 votes 6 answers Share Flag
Thu Sep 12, 2013
charles butterfield answered:
The colors that will work best for your home really require an inspection of the interior of your home.

In general light, neutral colors work best.

Homes that appear bright, generally have the best market appeal.

I recommend that you make an appointment with your REALTOR to view the interior of your home to get the best answer to your question.
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0 votes 9 answers Share Flag
Fri Jul 13, 2012
Mark Burns answered:
Ask the County Assessor. https://www.sccassessor.org/

It's their job to know those things.

Mark Burns, Realtor®
Coldwell Banker Elite - Top 2% Worldwide
DRE# 00896552 Licensed since 1985 ... more
0 votes 8 answers Share Flag
Wed Dec 26, 2012
Stu Carson answered:
I'd be happy to talk with you further by phone, but it appears to me these home are only available to rent. See their website here
http://www.liveatalliance.com/LaTerraza/index.aspx


I could find nothing on the MLS past or present on Terazza. I did find a couple homes on Terazzo, one pending at $475k and one active at $699k

What are you looking to do? I could find nothing at $422k.

Stu
408-209-0849
Stu@StuCarson.com
http://www.JustMyProperties.com
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0 votes 12 answers Share Flag
Thu Jul 5, 2012
charles butterfield answered:
Thank you, Curous buyer for your question.

The geologist for Santa Clara County is your best source of information with respect to that issue.

I have spoke with the County Geologist with respect to that very issue for a client who I represented on the purchase of a home in that area. The information from the county Geologist was very good.

I recommend that you get that information from the County Geologist rather than second hand from me or someone else.

If you are represented by a REALTOR I recommend that you ask your REALTOR to get that information for you.

If you are not represented by a REALTOR you may call me on my cell phone: (408)509-6218, and I will help you get that information.
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0 votes 3 answers Share Flag
Thu Dec 20, 2012
Terri Vellios answered:
You will need to understand the type of loan you had on the second. What you want to know is if a deficiency judgement has been filed against you.

A foreclosure does affect one getting a loan. If a lien is filed against you it could pop up on a future purchase.

I suggest you contact a real estate attorney who is the best resource to read through your documents and give you the legal advice you need.
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0 votes 8 answers Share Flag
Mon Jul 16, 2012
Nila Patel answered:
Hello,

Recent homes in Paseo Plaza sells for $340/sq.ft.

A 936 sq ft home was sold at $315,000 in April and a 858sq ft home was sold in May for the same price of $315,000. While 1023sq ft is sell pending at $334,888 and an active listing of 1023sq ft is listing at $375,000. This shows the upward trend in home prices.

However Paseo Villa with 2beds/2baths sold for $327/sq.ft. on average. Average price $525,000 to $535,000.

Hope this answers your question. If you have any other questions please feel free to contact me at 408 636 3806 or email me at Homesnloansbynila@gmail.com
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0 votes 1 answer Share Flag
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