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Alum Rock : Real Estate Advice

  • All57
  • Local Info7
  • Home Buying17
  • Home Selling1
  • Market Conditions4

Activity 15
Sat Apr 6, 2013
charles butterfield answered:
Thank you for your question:

The house in your link is not for sale. What you have in that link is merely a public record of that property and an estimate of value if it were for sale.

The last time this property was for sale was back in 2010. This property was listed for sale back in 2010 and sold for $255,000. Close of escrow was May 26, 2010.

With respect to whether or not this neighborhood is a safe place to live, we as Real Estate Brokers and REALTORS are not permitted to give an opinion with respect to that issue.

I have found that one of the best ways to get a good answer to that question is to knock on the doors of properties in the neighborhood, and ask the occupants what they think of the neighborhood, what to they like about the neighborhood and what do they not like about the neighborhood.

After you have talked with approximately 5 to 6 people in the neighborhood you will have a good idea whether or not this neighborhood is a neighborhood that you will be happy with.

Right now there are very few homes available for sale in San Jose. There are thousands of people who need a place to live. There is an enormous amount of demand for houses for sale and there are very few homes that are actually available for sale.

Any homes that do come on the market are sold almost immediately, often with multiple offers of 10, 20 and 30 offers or more, with overbids of $50,000 to $100,000 over the most recent comparable sales not uncommon.

I recommend that if you are going to have any chance at all of getting a home for yourself and your family, that you ask a REALTOR to represent your interests for you. That is the only way that you will have any chance at all of being competitive against all of the other offers and overbids that you will be up against for any house that does become available on the market.

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
Cell Phone: (408)509-6218
Fax: (408)269-3597
Email Address: charlesbutterfieldbkr@yahoo.com
DRE#00901872
.
... more
0 votes 0 Answers Share Flag
Mon Jan 21, 2013
Dan Tabit answered:
Julie,
You are wise to be skeptical. Find a local agent to work with you and verify this or any other rental listing. There are scams on Trulia, Craigslist and other sites. Whatever you do, NEVER send money in the mail for keys. ... more
0 votes 4 answers Share Flag
Thu Sep 12, 2013
John Juarez answered:
I agree with Sheryl’s advice. Contact your title insurance company. Let their attorneys go to work on your behalf. That is why you bought title insurance.
0 votes 9 answers Share Flag
Mon Jan 21, 2013
charles butterfield answered:
Thank you for your question Brooke:

Yes as Sheryl pointed out there are a number of rental scams that are designed either to steal your Identity or steal your deposit money.

These rental scams use ads for properties to rent at ridiculously low rents. When people call on the advertisement they often give up enough information about themselves that their identification can be stolen, or they send in a deposit for the property for rent.

The best protection against this scam is to make certain that the person that you are dealing with has a California Real Estate License. I recommend that when you call on one of these advertisements, that you ask the person for their real estate license number. Then contact the California Department of Real Estate at www.dre.ca.gov Click on the line that says "verify license" Type in the license number and see if it is a valid current license number and who it belongs to.

If the person that you are talking to does not have a valid California real estate license, it is probably a scam designed to steal your identity or your deposit money..

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 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
Sat Jul 14, 2012
Andrea Wince ~ Lic. 01439761 answered:
You can check crime statistics at http://www.crimereports.com Their info is derived from the San Jose Police Dept.
0 votes 5 answers Share Flag
Wed Feb 1, 2017
Ron Thomas answered:
I may be wrong,
(I'm wrong a lot)
but I think that the homes you see on auction.com
are not the homes on trustee sales.

I've had people tell me to beware of real estate "auctions"
but then,
I've been wrong a lot.
... more
0 votes 20 answers Share Flag
Thu Apr 27, 2017
Tim Moore answered:
There is no closing per say as you are thinking of one. The closing you are thinking about is to satisfy the lender and all their documents and conditions that protect you and them. A foreclosure auction is for the pros and big boys and they require cash, no loans. The home is placed in your name and you own it after the auction papers are filed and recorded and guess what, you also get all liens on it. You won't have the liens all paid off prior to a closing where the bank requires it as a condition of the loan. You won't have a title search as a condition of the loan and so you better do those things to find out what you are biting off before you make a bid. Like I said, foreclosure auctions are for the pros. ... more
0 votes 18 answers Share Flag
Mon May 21, 2012
Gabriel Nguyen answered:
Hi Erika, did you mean foreclosure buyers at auction? If so, the answer is no. If you buy an bank owned property, then title company will sell you title insurance. Why? Because banks are already took ownership of the real property and all liens had been cleared.

Gabriel Nguyen
... more
0 votes 4 answers Share Flag
Mon May 21, 2012
Scott Godzyk answered:
MOST DEFINATELY, the cost of title insurance is minimal cpomapred to the cost oif a deed problem or problem with the foreclosure is found later., It is actually recomended for all purchases. ... more
0 votes 3 answers Share Flag
Mon Apr 30, 2012
charles butterfield answered:
Thank you for your question Sierra466:

Please call me at my cell phone: (408)509-6218 for more information.

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 May 1, 2012
Tim Moore answered:
Once everything is signed and everyone has copies, the next thing will probably be the home inspection. Check your house and fix anything you can before mr nitpicky gets there to pick apart the house. Once the inspection is done the "Re-negotiations" occur again. The buyers will probably want every little thing fixed before they close or a price reduction in the house if they accept it as is. You can say NO, but they can walk away so compromise is often the best course here. ... more
0 votes 11 answers Share Flag
Thu Mar 22, 2012
Mkda asked:
I’m starting to hear about the trend toward “luxury height” bathroom vanities in which they’re like kitchen cabinets at 36” tall. I’m tall so this was the way I was going ...
0 votes 0 Answers Share Flag
Thu Nov 4, 2010
Terri Vellios answered:
Closing cost are a percentage of your sale. It is based on the following

Property Transfer Tax for the County and City
Title
Escrow
Loan Fees.

Some of these fees are paid by seller and some split per negotiations. ... more
0 votes 5 answers Share Flag
Sat Jul 14, 2012
Rebekah Owen, Broker answered:
Rishi,

The SJPD has info on crime data - if that's what you are looking for.

If you are looking for an excellent real estate broker to represent you - then call me :-)

Good luck!

Rebekah
RebekahOwen.com
... more
0 votes 2 answers Share Flag
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