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Home Buying in Campbell : Real Estate Advice

  • All81
  • Local Info8
  • Home Buying33
  • Home Selling2
  • Market Conditions1

Activity 23
Tue Jan 8, 2013
Jenora Lovell answered:
Thanks for your inquiry ~ the space fee is $404.00 per month PLUS utilitites.

You are a land owner in this park and upon closing escrow you receive shares in the Owner Co-op. this is a senior (55+) community.

Jenora
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Thu Oct 25, 2012
Monisha Bhatia answered:
Hi Joypsalm91

I am a real estate agent specialising in Campbell area. I would be able to help you with any listing here. Please feel free to contact me @408-813-4342.

Monisha Bhatia
Intero Real Estate Services
408-813-4362
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0 votes 12 answers Share Flag
Wed Oct 24, 2012
Ed Bangle answered:
Hi Barbara,
I live in Campbell and work here as well. Also, I've sold homes in Alum Rock.
You have great timing! Homes in Alum Rock are selling quickly and there are several homes in Campbell that don't have offers on them yet-with plenty more coming on every week.
Would like you to set a time to see what your home is worth and develop a gameplan for purchasing your new home? Please call me so we can make an appointment and discuss!
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0 votes 16 answers Share Flag
Mon Sep 7, 2009
Terri Vellios answered:
A buyer will have to apply and qualify to rent in the park. Timber Cove is an all age park. Rents vary between $650 and $800+. Typically a mobile home park will require your income to be 3 times that of the total cost of your mortgage and rent combined. Example, if your mortgage and rent per month total $1500 you will need a monthly income of $4500. The parks each have varied restrictions such as can you rent out your home (most will not allow you to do so)? Can you have pets?

What other questions may I assist you with?
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Mon Oct 17, 2011
Terri Vellios answered:
Currently there 7 active homes for sale in Timber Cove. Space rents range from $677 to $880.
0 votes 2 answers Share Flag
Sun Nov 29, 2015
Terri Vellios answered:
Between $600 and $800+ depending on the space. You will also want to discuss if the rent will stay the same, how much they can increase it each year, are rent controls in place (San Jose has rent control), whey a home sells how much can they increase the rent, what does it include... These can all be answered by the park.

Will the park continue to be a park or do they have any plans to sell or change it's zoning. How is it managed? What restrictions do they have. Can the home stay or do they have age limits and will it have to be replaced now or at a certain time.

Let me know if I may be of further assistance.
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Sun Apr 26, 2009
Andrea Wince ~ Lic. 01439761 answered:
As of this writing, there are 46 single family homes for sale in Santa Clara with at least 3+ bedrooms and 2+ bathrooms, 5000+ sq.ft. lot and 1500+ sq.ft. of living space. They range in price from $499,000.00 all the way up to $1,278,000.00. ... more
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Sun Jun 14, 2009
Emily Bagwell answered:
This could be a longer answer, but basically anytime you involve government in the lending process it can take longer. They have stricter and different requirements than conventional loans. ... more
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Mon Mar 30, 2009
Ali Moein answered:
Hello P,

Generally speaking that is true! However you need to be more specific, are you looking at elementary, middle or high school? Would you be comparing the district or specific schools? for example if you compare Lynbrook high school with schools in Campbell, you're not going to have a comparison, but you can compare fremont high with schools in campbell and you're better off in campbell.
Here is a web site you can use to see all the details: www.greatschools.net

I'd be happy to provide more details and specifics if needed.

Regards,
Ali Moein
(408)439-5748
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Sun Jan 18, 2009
Dallas Texas answered:
All your questions can be handled via the county tax records office or website. A title company CANT pass title new buyer till all liens are cleared. Have you buyers agent review process with you. ... more
0 votes 3 answers Share Flag
Tue Feb 9, 2010
Gretchen Merrick answered:
Hi David,

Yes, it is a confusing process and different lenders do things differently so it's not a "one size fits all" situation. I would recommend that your Realtor do a thorough comparative market analysis for you and then offer the bank somewhere around 80% of the current value. When submitting your offer, you can include whatever information and photographs that you think help make your case.

Good luck,
Gretchen Merrick
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0 votes 6 answers Share Flag
Thu Feb 7, 2013
Ali Moein answered:
Hello Bindu,
Ultimately you need to decide which property fits your needs and life style better and go with that one. Here are a few general pointers that maybe helpful:

1. Location. I'd always pick the property with the better location and neighborhood. Factors like traffic noise, condition of surrounding homes and schools are very important in choosing a home.

2. Single family homes historically have appreciated at a slightly higher rate than town homes.

3. Depending on what the HOA offers for $480/mo, may not be a bad deal. Expenses such as insurance, gardening, garbage , ... that HOA may cover are the costs that you'll have to pay in a single family home as well.

4. The additional $100,000 cost for the town home plus a portion of the HOA fee will add up to about $1,000/Mo. How will this additional monthly cost affect your budget and life style?

Hope this bit of information helps.
Ali Moein
(408)439-5748
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0 votes 12 answers Share Flag
Sun Mar 25, 2012
Rebekah Owen, Broker answered:
Hey James,

It depends.

What's the plan? I crunch the numbers for my clients and give them their break even points.

For example; 30 year fixed at x rate, no point vs x rate 2points. The rate is lower with 2 points and takes x months to get the points back. Are you going to be there x months or more - if yes, it's worth the points.

Check with your lender and have them crunch the numbers for you.

For some situations it's worth it, for some it's not.

Good Luck!

Rebekah
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0 votes 8 answers Share Flag
Mon Oct 17, 2011
The Hagley Group answered:
Is the agent representing you through the builder? My first thought would be "why would the builder not want this?"

In my opinion, the builder could indeed prevent it, but it may make the builder vulnerable, especially if you are forced to sign-off on the walk-though under duress.....which could be defined as not having a licensed professional with you. ... more
0 votes 14 answers Share Flag
Wed May 27, 2009
Anton Stetner answered:
Absolutely you can bring your agent with you. I am a new construction listing agent for builders and people bring their agents all the time. Generally speaking the majority of the time buyer do go without their agents. If you feel more comfortable with your agent just show up with them. The walk through is suppose to be about the buyer and their new home anyway. ... more
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Sun Sep 18, 2011
Arn Cenedella answered:
David:

In terms of appreciation, I would say you will always be better buying a single family home if you can afford one.

A very high percentage of new construction in the Bay Area is of townhouses and condominiums which I believe will help keep the prices down.

NO more land is being created :-) which leads to greater appreciation for single family homes on normal lots.
You are correct that at $900,000 in Campbell/Cambrian; you have many single family options.

Paying $900,000 for a townhouse in Campbell is buying near the top of the market which sometimes can be a dnagerous thing.

That being said, the property you describe sounds wonderful - you if it makes you happy and you want to live there, BUY it but just relaize you are probably giving up some appreciation in the future for the pleasure of living in a new larger place. It is your call. There is no one right answer.

Arn
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Wed Oct 12, 2011
Eric and Janelle Boyenga Team answered:
Just curious do you have a Realtor representing you. This would usually be a small part of their scope of work. Here are the inspectors I would highly recommend:

Tristar Inspections Duane Serrano
Old County Roofing

Both excellent resources, and should be able to provide you with an excellent assessment of the Property and Roof condition. If you have any other questions feel free to call Eric Boyenga - 408-506-3942. All the Best, Eric
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Fri Sep 19, 2008
Pacita Dimacali answered:
If your offer has been accepted by the lender, and if you do have a closing date, then by law, as soon as escrow closes, the property is yours.

You should also exercise your right for a buyer walk through at least 5 days before close of escrow, and maybe even the day before close of escrow to make sure that the seller is vacating the premises.

Unless you and the seller have an agreement where the seller can stay after close of escrow, and you charge him a pre-set rent for each day that he occupies the place (for example, the daily cost of your own PITI, principal, interest, taxes and insurance), then the seller has no rights to stay. If the seller doesn't leave, you have every right to evict the seller and change the locks (which is something you should do anyway upon buying a previously owned house).

Share your concerns with your realtor who will guide you through the process.

Good luck.
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0 votes 8 answers Share Flag
Mon Jul 14, 2008
John Souerbry answered:
Grace, The good news about about a flag lot is that they are usually tucked away in a quiet place. The concerns with owning one are that unless they are on a hill, they typically have no view and the value of the home will be more greatly influenced by the homes around it than would a non-flag lot. Since a flag lot has no real "curb", it has no opportunity for "curb appeal." Another thing to consider is that if a neighbor shares a driveway with you, costs for maintaining the driveway should be shared. Even if there is a "common road maintenance agreement" that passes with title to the neighbor's property, getting them to share the costs can be a pain.
Best of luck!
John
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Wed Jul 9, 2008
G answered:
Hi John,

For real estate investors and homebuyers, REO and bank-owned properties offer opportunities that are not available in the pre-foreclosure and auction phase of the foreclosure process. Buying bank-owned real estate vs. short sales, offers the buyer many benefits:

Bank-owned properties are usually sold at below-market prices with great terms like low down payments and low interest rates. With short sales, the seller and bank are trying to come to an agreement of minimal loss for both parties.

Buying bank-owned properties involves less risk and quicker answer to the offers. With short sales sometimes you have to wait 3-8 weeks before the buyer finds out if their offer is accepted or not.

Unlike Short Sales, Foreclosures that are owned by banks are usually clear of any liens that may have been recorded against the property.

Since the seller of REO homes is also the lender or the bank, you can negotiate to have them pay for all or some of the closing costs.

Bank-owned properties are usually vacant because the banks have evicted the previous owner, saving the investor or homebuyer time, money and emotional toll involved in the eviction process. With short sales most of the time people are still living in the property and not happy with the situation they are in.
We have over a 100 REO listings and the experience to back it. Please visit our website for our bank owned property lisitings or contact us for further information. 408-425-1928
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