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Home Buying in 95135 : Real Estate Advice

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

Activity 942
Tue Nov 13, 2012
charles butterfield answered:
Thank you for your question.

Yes, the NACA loan program is excellent, however it is time consuming. Part of the reason for that is that NACA relies on volunteers whose time is often limited. That often results in some rather long delays to get things done.

I have referred a number of my clients to NACA. I agree that NACA does take a long time, but in my opinion it is well worth the wait.

For more information you may reach 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
.
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Mon Nov 12, 2012
Terri Vellios answered:
This can not be answered by statistics. The time to move is when you are ready, you have found the property that fits your criteria and you can afford and that your job and life is stable.

We know that our inventory is very low so that is the best of Sellers. Interest are low that is Great for Buyers and Sellers. Yes, it is going to be challenging to buy so having a contingency in place is recommended.

As an agent we are in the field daily and we network with other agents, look at inventory, read the market trends from National Association of Realtors, California Association of Realtors, our Local Realtor Board, News Articles on trends, and what we experience with our clients.

Have an amazing day!
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Mon Nov 12, 2012
charles butterfield answered:
I would have bought more as investment properties.
0 votes 8 answers Share Flag
Mon Nov 12, 2012
Thomas Feng answered:
Property tax is based on the purchase price of the home and averages at about 1% of the purchase price.

Check out my blog on other Santa Clara County Bay Area Real Estate topics http://BayAreaConnect.com ... more
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Fri Oct 27, 2017
charles butterfield answered:
I recommend that you call Doug Jones, the owner of Mortgage Magic at (408)209-6773

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 13 answers Share Flag
Thu Jun 11, 2015
charles butterfield answered:
Thank you for your question:

The length of escrow can be determined by a number of factors. In a regular sale the length of escrow is often determined by the amount of time that it takes to get financing. The length of escrow less commonly is determined by the need of the seller to get another property. However that is more often taken care of by closing escrow and doing a rent back. Also less commonly the length of escrow may be determined by the needs of the buyer. In a seller's market like we have today in San Jose, the seller has the power to negotiate the terms, including the length of escrow that benefit the seller. In a buyer's market like we had last year the buyer had the power to negotiate the terms including the length of escrow to benefit the buyer.

In an all cash sale, the close of escrow is often a week of less. The advantage of the short escrow period is that the seller gets his money sooner. The trade off is that the all cash buyer expects a discount on the property in exchange for the very short length of the escrow period.

In a short sale the length of time of the transaction is determined by the amount of time that it takes to get the approval of the short sale lender.

The purpose of a long escrow is to give the seller additional time to get another place to live. More commonly that is handled by doing a "rent back".

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
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Wed Oct 24, 2012
charles butterfield answered:
Thank you for your question Sandi:

That is very similar to the question how much value does a swimming pool add to the value of a home.

The answer is that it depends on the specific property.

If the golf course is the famous, Spyglass golf course, it adds a great deal of value to the property.

However if the golf course is a local municipal golf course it may detract from the fair market value of the property.

The only way to give you a good answer is to know the specific property and the specific golf course and do the analysis for the specific property.

Thank you,
Charles Butterfield MBA
Real Estate Brloker /REALTOR
American Realty
Cell Phone: (408)509-6218
Fax: (408)269-3597
Email Address: charlesbutterfieldbkr@yahoo.com
DRE#00901872
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Mon Apr 25, 2016
Dot Chance answered:
That is a matter of choice for the seller/buyer. Most agents could do a good job representing the sale of your home and the purchase of your new home.

It could be advantageous to have the same agent do both to be able to coordinate the timing of the closing of the sale and the purchase.

All my best,
Dot Chance, Realtor CDPE
DRE #01494182
Keller Williams Realty World Media Center
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Thu Oct 25, 2012
charles butterfield answered:
Thank you for you question:

The price range for a 3 bedroom house in San Jose is a wide range, depending on the location.

For a 3 bedroom 2 bathroom house with approximately 1,500 square feet of living area, a 6,000 square foot lot, the location of the property will have an enormous amount of influence on the price.

In West San Jose, which is generally the most expensive area of San Jose, in the 95129 zip code the price for a 3 bedroom house is generally in the range of $1,000,000 to $1,300,000.

In South San Jose the prices can be as low as $400,000 to $500,000.

Other parts of San Jose will generally be somewhere between those two extremes.

For more information you may reach me at my cell phone: (408)509-6218, or send an email to me 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
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Sat Nov 10, 2012
Walter 'Skip' Kersten answered:
In Southern California, Toll Brothers have an excellent reputatuon for building quality homes. I have had many buyers prefer and purchase Toll Brothers homes.
Good luck,
0 votes 7 answers Share Flag
Mon Apr 25, 2016
Don Tepper answered:
You absolutely need either an attorney or a Realtor. You need someone protecting your interests.

Hope that helps.
0 votes 18 answers Share Flag
Tue Oct 16, 2012
answered:
Garg: Please email the details.
Depending on your down payment, etc and a review of the litigation, you may be okay.
Need to know: your down payment
What the litigation is (how many units are effected by it)

cgravelle@diversifiedmg.com (located in Fremont)
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Fri Oct 19, 2012
Terri Vellios answered:
I invite you to a free consultation at my office to discover if we are a good fit.
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Fri Oct 19, 2012
Terri Vellios answered:
I see a lot of new home communities being built and from what I've read the building industry has several projects in the works.

The demand is strong and prices are increasing.
0 votes 12 answers Share Flag
Tue Apr 26, 2016
charles butterfield answered:
This is a legal question. As Real Estate Brokers we are not permitted to answer legal questions. We must refer you to an Attorney for answers to legal questions.

The rights that you have in the property depend on the law in your state, where the property is located.

I see that you are from North Carolina. I recommend that you talk with a Real Estate Attorney who is licensed to practice law in the State of North Carolina.

If the property is located here in California, where your question is posted, I recommend that you consult an Attorney who is licensed to practice law in the State of California.

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 13 answers Share Flag
Tue Oct 16, 2012
Maria Gilda Racelis answered:
Commission is always negotiable. There is no set rule as to how much the broker can charge. However, there is always a norm or average commission charged per state and transaction.
0 votes 6 answers Share Flag
Mon Oct 8, 2012
Eric H. Wong answered:
You are correct. In my area, the owner must sell the unit as a BMR unit until he has lived in it for 15 years. That is a continuous 15 years, no renting. If you sell it before the 15 years, you cannot sell it for more than what the BMR restrictions allow. This means that you will not participate in the growth of real estate values.

There is a lot to consider when buying a BMR unit. Your real estate agent should have gone over all the furure consequences with you.
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Mon Oct 8, 2012
Bradley Wilson answered:
Hi Phil, I would love to represent you as your Agent!

Almaden & Cambrian areas of San Jose has some Excellent Schools

Please call me so we can discuss further.

Bradley Wilson

AMICI REAL ESTATE
488 Blossom Hill Rd. Suite B
San Jose, CA 95123
Bradley@AMICIrealestate.com
AMICIrealestate.com
DRE 01491944 NMLS 340990
Direct: (408) 228-7867
FAX: (408) 273-6975
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Sun Oct 7, 2012
Yvonne Angel Barron answered:
Hello,
What is the addess? I can help you.

Yvonne Angel Barron
Realty World Castlerock
(DRE #01897350)
0 votes 8 answers Share Flag
Sat Oct 6, 2012
The Medford Team answered:
While we’d like to be able to provide you with specific answers, your question has many facets Realtors are simply not allowed to answer. As an example, we cannot address issues surrounding ethnicities, crime, socio-economics and more in any given neighborhood or city. 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://184.154.226.18/~ebpublis/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. As an example, for crime statistics, go to the following sites:

http://www.neighborhoodscout.com/ca/fremont/crime/
http://www.neighborhoodscout.com/ca/san-jose/crime/
https://www.crimereports.com/

As for proximity to parks, etc., a quick look at Google maps for each development will provide you with a very good idea as to the locations of parks, major roads, public transit and more.

Everyone’s metrics for “peaceful” is different – the only you are going to know if any neighborhood is peaceful enough for you is to visit a few different times throughout the day – especially on weekends.

Adequate lighting and space are also very specific to the individual – the only way you will be able to determine this is to visit the actual homes. Keep in mind as well that identical homes facing different directions will respond differently to light throughout the day. Do you want morning light? Evening light? Is the direction the front door is facing an issue? Everyone is different.

Lastly, you ask for “Stable home value in all conditions.” To be honest, there is no such thing. It’s true some neighborhoods respond better to economic conditions than others, but it’s impossible to say what will be happening in the future.

Ardenwood and Beryessa are very different areas – I’d recommend you visit both communities. Factor in all the pros and cons – including commute, area features, differences in climate and more. You will quickly – on your own – get a feel for which community YOU like best. At the end of the day, you are the one who is going to be living there – make the choice based on how you feel in each location.

Also, make sure you take a Realtor with you who knows how to negotiate with new home builders. You’ll get the best price and terms that way.
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