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Home Buying in 95135 : Real Estate Advice

  • All27
  • Local Info2
  • Home Buying14
  • Home Selling2
  • Market Conditions0

Activity 942
Thu Jun 25, 2015
Elena Talis answered:
http://www.trulia.com/blog/PaloAltoRealtor/2012/06/how_to_be_a_buyer_in_a_seller_s_market

Still relevant.
0 votes 10 answers Share Flag
Tue Apr 9, 2013
charles butterfield answered:
Thank you for your question:

Evergreen is an excellent location. Summerhill is a good builder.

Right now we are in a seller's market. There are far more people who want to buy homes than there are homes available for sale.

If you have an opportunity to get one of those homes, i recommend that you jump on it.

For more information you may reach me at my Cell Phone: (408)509-6218

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 2 answers Share Flag
Tue Apr 9, 2013
James Peterson answered:
Hi RG,

I would not suggest it, I know you might think it looks good however I can attest that most of your neighbors might think it is tacky.

It depends on the neighborhood though... ... more
0 votes 3 answers Share Flag
Tue Apr 9, 2013
James Peterson answered:
Hi RG,

As an active investor myself I have learned that it is very tough in the Bay Area to find a great investment property that produce a great return without being speculative.


There are some great areas outside the Bay that are now realizing the shift in the market yet prices are still relatively low. These are the best areas for cash flow and buy and hold scenarios right now. If you are looking to flip on a short term basis that is a different ball game.

I would rather not suggest an area until I know your game plan, budget and exit strategy.

I'm open to talking with you in person/email if you would like to talk about strategy and best practice.

James Peterson
Broker/Associate
cell: 4o8-836-9653
james@wbreal.com
... more
0 votes 4 answers Share Flag
Tue Apr 8, 2014
Bill Mccord answered:
This is the Free Market in it's most perfect form. Housing is a Commodity where there is currently more Demand than Supply. (At least in Silicon Valley)
Sellers sensibly sell to the best (NOT ALWAYS HIGHEST) Bidder.
"Week" Buyers drop out of the game.
Rising prices bring out more Sellers.
Prices stabilize and a period of calm ensues.
After a variable amount of time (often years) the cycle begins again, either upward or downward.

If you choose to continue play then you need to be aware of all the options available to year during this phase of the cycle, including the Pro's and Con's of dropping out.
As you are competing most of the time with professional investors you need to know the rules they play under. You need professional help.
Good luck
Bill
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0 votes 16 answers Share Flag
Tue Apr 9, 2013
Bill Mccord answered:
The Santa Clara County Housing Trust have probably the best 1st time buyer assistance programs in the state. Their 3 programs provide significant help.
For example. The MAP program requires just 3% down from the buyer who gets a normal 80 1st mortgage. The Trust then provides a 17% 2nd mortgage at only 1% more than the 80% one from the Bank. The PAL and GAP programs provide down payment assistance in specific areas of San Jose and Santa Clara County.
If you want more info drop me an e-mail (bmccord@rwnetwork.com)l or Google Housing Trust of Santa Clara.
Good luck,
Bill
... more
0 votes 7 answers Share Flag
Sun Mar 31, 2013
Terri Vellios answered:
Almaden Hills estates consist of 137 homes built in 1979 by Shapell Homes. Since it has been over 30 years I would assume that the current finishes is going to vary home by home as many people would remodel over the years.

You can visit www.Crimereports.com to get information on crime in the area. It is a neighborhood where neighbors organize events.
... more
0 votes 2 answers Share Flag
Sun Apr 6, 2014
Lamson Dang Broker/Listing answered:
Dear Kumaresh,

Yes, Arbor Village seems to fall under Evergreen Elementary and Chaboya Middle, Evergreen Valley
High School. You need to call the district to verify since they keep changing the boundary map.
You can also visit my website to review the Evergreen Market Report or use "Find A Home" (connected to Pro-MLS) to research about Active Listings on the market.
http://lamsondang.com

Thanks and Best regards,

Lamson Dang
408-595-6205
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0 votes 1 answer Share Flag
Wed Mar 27, 2013
Terri Vellios answered:
Sorry, no, there are none. www.RentOMeter.com will help you determine market value.
0 votes 4 answers Share Flag
Sun Mar 31, 2013
Terri Vellios answered:
What is the real question here?

You are buying a short sale, has it been approved by the seller's lender?
Why is your bank extending your loan?
Is your bank stating that you need to increase your credit score?

Talk with your lender, often times they will be able to tell you what you need to do to increase your credit score. Don't make any changes to your financial picture without consulting with your lender.
... more
0 votes 8 answers Share Flag
Thu Mar 28, 2013
Cindy Davis answered:
You don't need to, but I would get my own. You have no idea who the seller's inspector is. Over the years,I've seen some inspectors miss way too much. You're buying a home that costs at the least a few hundred thousand dollars...so are you really going to pinch pennies over a few hundred dollar inspection???

Do yourself a favor and do your own inspection...if for no other reason than peace of mind.
... more
0 votes 6 answers Share Flag
Sun Mar 31, 2013
Cindy Davis answered:
Unfortunately, that's not quite common. Hopefully your Realtor explained what you were getting into with a short sale...every detail, price, terms, dates, are all on the bank's terms.

Hang in there...and best of luck.
... more
0 votes 11 answers Share Flag
Thu Jul 24, 2014
The Medford Team answered:
Overall, Realtors are prohibited by law from telling you whether or not any specific neighborhood is safe. It’s called “steering” and we are prohibited by our code of ethics and federal law from providing such information. Here are a couple posts that explain more:

NO STEERING ALLOWED: 3 Important Facts To Know As A Buyer
http://www.trulia.com/blog/carl_medford/2010/03/no_steering_allowed_3_important_facts_to_know_as_a_buyer

Don’t Get ‘Steered’ in the Wrong Direction
http://sanleandrotimes.com/index.php?option=com_content&view=article&id=3462:dont-get-steered-in-the-wrong-direction-&catid=7:examples&Itemid=121

However, we CAN tell you where to go to get information. In your case, for crime statistics, go to the following sites:

http://www.neighborhoodscout.com/ca/san-jose/crime/
https://www.crimereports.com
http://www.spotcrime.com
http://www.nixle.com/
http://www.everyblock.com/
http://www.localcrimenews.com
http://www.mylocalcrime.com
http://www.crimemapping.com
http://www.meganslaw.ca.gov

As for train traffic, you can go to a few different sources:

http://capitolcorridor.org/stations/index.php?station_code=SJC
http://www.up.com/
.
... more
0 votes 5 answers Share Flag
Sun Apr 7, 2013
Bill Mccord answered:
Hi Robert,
This property is a Pending Sale. Trulia is not really an accurate way to search for active listings. If you want the most accurate and convenient way to search drop me an e-mail bmccord@rwnetwork.com.
Bill
... more
0 votes 9 answers Share Flag
Sun Mar 31, 2013
Richard Matusich answered:
In California residential loans are usually non-recourse loans.However, commercial loans usually have a recourse against the buyers in case of default on the loan.Commercial loans are usually 5 units or more.

Thanks
Richard Matusich Realtor DRE#00358728
... more
0 votes 7 answers Share Flag
Mon Apr 1, 2013
Terri Vellios answered:
It could be called; an addition, apartment, cottage, granny unit, aupair quarters. How does the owner refer to it?
0 votes 2 answers Share Flag
Thu Oct 6, 2016
Gregorio Denny answered:
You should stay away from hard money lenders for financing your primary residence. Hard money can be useful for short term investment financing, but is a terrible idea as a substitute for standard qualification on the home you occupy.

You should also know that many hard money lenders that are lending on owner occupied properties are not licensed to do so. To lend on an owner occupied property there are strict regulations and most cannot or do not want to meet the scrutiny.

Have you had a qualified lender look at your credit profile to tell you what needs to be done to correct it? I would suggest you start there and forget about hard money; you won't find it with 20% down anyway.
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0 votes 13 answers Share Flag
Mon Aug 4, 2014
Claudia Muller answered:
Extenuating circumstances is a one time economically devastating incidence.
Job loss is not considered extenuating.
Health issues not extenuating.
Extenuating circumstance is almost limited to death of a co-applicant on the mortgage causing a one time economic disaster and forced sale.
I have seen death of child, divorce and accidents all get declined as extenuating circumstance.
Lenders are standing firm on this.
... more
0 votes 13 answers Share Flag
Mon Mar 18, 2013
Thomas Feng answered:
Hi Esark33,

One of the strategies that I use to help my buyers get into homes is writing offers with no appraisal contingency because this acts like a cash offer.

A reality that my buyers had to face just like you is buying a smaller house. Say they are pre approved to $600,000 this might actually mean that you can only afford a home on the market at $500,000 because the price eventually gets bid up.

Give me a call at (408) 840-3852 or Thomas.Feng@gmail.com to further discuss your situation and how to write a winning offer.
... more
0 votes 9 answers Share Flag
Wed Apr 3, 2013
Terri Vellios answered:
What was the Affidavit for? Is Wells Fargo the holder of the Seller's Mortgage? Do you have an agent representing you?

Your agent is your best resource as he/she is connected to the listing agent (unless the agent is a dual agent) and then the listing agent is connected to the negotiator.

The listing agent usually gives regular updates, such as a negotiation has been assigned, or if they needed to request the file to be escalated.

All the best to you. Short sales are anything but short. There are various factors which can affect the result, how many loans, who the loans are, the balance and type of loan, the hardship of the seller, is the seller in the process of filing bankruptcy, and so much more. Us agents here do not have access to the details of your file and therefore your agent is the best resource.
... more
0 votes 5 answers Share Flag
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