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Home Buying in Central San Jose : Real Estate Advice

  • All75
  • Local Info10
  • Home Buying32
  • Home Selling0
  • Market Conditions3

Activity 20
Sat Feb 23, 2013
Jim Guido answered:
Hi Raj,

Their is a lot information online to assist you in learning about any area. I would recommend checking the San Jose PD site for crime stats for the area. Then Google the area to see if there are any comments or reviews. And for checking the schools check the web site www.schoolandhousing.com. It will give you the neighborhood schools and the API scores. Driving the area at various times and speaking with the neighbors is another good way to find out about any area.

Good Luck and lets us know if we can be of further help.

Jim Guido,

Realty World/Blue Property Group
Cell: 408-472-2074
Email: jim@jimguidorealtor.com
Website: www.jimguidorealtor.com
DRE# 00700635
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0 votes 9 answers Share Flag
Sun Jul 15, 2012
John Souerbry answered:
Yes, I'm very familiar with this neighborhood. It's a one minute walk to downtown Mountain View, but the Central Expressway is in the back yard and a couple car repair shops are 2 buildings away. A bit noisey. ... more
0 votes 6 answers Share Flag
Sat Jun 16, 2012
CJ Brasiel answered:
Eilizabeth -

I like this complex design a lot. The units have some unique features and different layouts, not so cookie cutter style. I think it is a great space with community rooms available for residents that promote the kind of "live/work" idea. It is a secured, gated garage, and internal entry so that certainly provides a level of security.

The challenge to me is the economic issues have not allowed the neighborhood to change with the Brickyard and unfortunately, many of the units are under water. The last time I checked there were legal action being taken against the HOA and builder. Either one of these issues would prevent a loan being used to purchase unless it was a private lender (hard money lender). The REO lenders may provide financing.

If you want to look at crime in the area and general downtown area - check out http://www.crimereports.com

CJ
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0 votes 8 answers Share Flag
Mon Jun 3, 2013
Donald Wapenski answered:
It is sale pending. So there is an offer and It looks as if contingencies are removed
0 votes 9 answers Share Flag
Sat Apr 20, 2013
Virginia Thomas answered:
I'm holding an open house this Sunday, June 27th at 510 S 15th St., San Jose, in the heart of Naglee Park. There are a number of beautiful homes near the Williams Street Park where Bark in the Park is held in September (18th). Some of these homes were built in the 1920's and it has a strong community presence because it's part of a Historic District. Check out http://www.nagleepark.org/ There have been problems at Williams St. Park but that has been addressed. Check the crime database. ... more
0 votes 15 answers Share Flag
Tue Apr 27, 2010
Guy Berry answered:
KW has had a history of not giving good service after closing. Before you make a decision, look on the internet.
0 votes 3 answers Share Flag
Thu Apr 29, 2010
Don Tepper answered:
http://bvnasj.org/SanJoseThenNow3.htm

http://bvnasj.org/SanJose19752006.htm

http://bvnasj.org/SanJoseThenNow2.htm

http://shop.ebay.com/?_from=R40&_trksid=p3907.m38.l1313&_nkw=alameda+san+jose&_sacat=See-All-Categories

http://images.google.com/images?um=1&hl=en&tbs=isch:1&sa=1&q=The+alameda+san+jose+1905&btnG=Search&aq=f&aqi=&aql=&oq=&gs_rfai=&start=0

Hope that helps.
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0 votes 5 answers Share Flag
Mon May 3, 2010
Terri Vellios answered:
I have been working with Buyers wanting to get into new construction within a certain budget and in order to get what they want in their price range are having to go to other areas which may not be in their target neighborhood.

The outer limits and downtown are changing as more development takes place and people move in. We do not know with certainty how the market will be in 5 years. Economist are predicting slow growth starting next year, and by slow that is less than 3.5% appreciation per year. I expect growth to be conservative due to our current high unemployment. However, our population should be increasing by about 1% per year which put demands on housing.

Location is always the number 1 factor in appreciation and resale. If that is your main concern, you may want to change your expectations of size, bedrooms and age and look into other neighborhoods which have proven track records. Otherwise, align yourself with a knowledgeable professional who will assist you in comparing your options.

Good luck.
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0 votes 2 answers Share Flag
Fri Oct 30, 2009
Jorge E. Gosalvez answered:
Good morning Renya,

Homes in the 95112 area range from $250K to over $1Million, depending if they are Single Family Homes or Condo/Townhouse.

Remember the top 3 words in Real Estate. "Location" "Location" "Location” then the rest of the home. Homes are priced first on location, then on other features, like type, size, age, condition, lot size, whether homes are on a busy street, on airport approach path, parks, near shopping, etc.

Feel free to contact me if I can be of further assistance.

Jorge E. Gosálvez
Broker Associate, GRI, SRES | DRE: 00811940
Serving Clients Since 1981
INTERO Real Estate Services
10275 N. De Anza Blvd. | Cupertino, CA 95014
(408) 249-3718 Direct | (408) 904-5465 Fax
Jorge@BrokersForLife.com | www.BrokersForLife.com
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Sat Jun 6, 2009
Glen Mitchell answered:
what are the details?? how many beds, baths, sq feet, condition, address etc?

Glen
0 votes 0 Answers Share Flag
Wed May 27, 2009
Joanna Bateman answered:
I've been holding the Wilson/Rosano listing at 415 S 22nd open for several weeks. The price finally dropped below $500,000 and now we are getting offers!
Anyway the neighbors have been wonderful! Stopping by to chat about the house and the neighborhood.
I always suggest to my buyers that they do some checking. First walk around the neighborhood and talk with the neighbors! You will be living next to them! Also you can check with the police departments to see what has been reported.
Good luck in your housing search!
Joanna Bateman DRE 01792532
408.687.3626
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0 votes 3 answers Share Flag
Fri Sep 12, 2008
Scott Godzyk answered:
there really is no set amount, it depends on alot of things. namely how desperate is that builder or how bad does he want to sell. the second thing is how much does he have that property mortaged for, does he owe more than what it is worth and will the bank be willing to take less to allow the sale if it is mortgaged to the hills. Best way to find out is to make the offer. look to see what his last sales were for, use that as a guideline. ... more
0 votes 8 answers Share Flag
Fri Aug 8, 2008
Bob McClure answered:
good afternoon....wherever you buy.....i would be happy to help you with your financing....my name is bob mcclure- mortgage now- farmington, michigan... i am licensed in your's and 18 other states... (248) 974-4444.direct..no phone tag....i can also close you in your own backyard......best regards.... ... more
0 votes 4 answers Share Flag
Mon Jul 12, 2010
CJ Brasiel answered:
Devin -

If you are ready to purchase, then I think the downtown lofts are a great investments. Waiting may limit your choices in which units are available but may also get you a better price. The downsides of the downtown complexes is the San Jose Airport Flight pattern. The upsides are walk-to restaurants, mass transit, and entertainment. Two bedroom units are of better value than one. It is best if you can work with an agent that can negotiate a strong deal that include the upgrades without premium pricing.

In regards to timing the market. There is no way to predict that accurately. I think most of believe the big picture economy is not helping a housing rebound, but there is no way to exactly project when the bottom of the market will happen. As many have posted here before, the potential for increasing interest rates change the affordability equation a lot quicker then drops by percentages in sales price. Have your agent run different scenarios on how interest rates and price changes would affect your specific situation.

Good luck,
CJ
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0 votes 6 answers Share Flag
Fri Jun 9, 2017
Jeffrey Schnabel answered:
Jonathan,

I think the foundational question is "Do you have reliable information on the builder?" Can't say too much myself due to liability issues, but you might check out the following links:

http://www.city-data.com/forum/sacramento/91924-woodland-kb-homes-what-do-you.html
http://www.city-data.com/forum/georgia/27527-kb-homes.html
http://www.consumeraffairs.com/news04/2005/kb_homes.html

Note, a somewhat common practice this industry is for some of the more serious complaints about quality and reliability to be paid off in trade for signing a non-disclosure agreement. Basically, paying for silence. This is one way you can achieve high customer satisfaction ratings while still having a questionable product, since those that would complain and be vocal, have been silenced.

Research, research, research...

Jeffrey
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0 votes 7 answers Share Flag
Wed Jul 23, 2008
Michael Phillips answered:
Hi,
The area around Japan town is an excellent area. Most of the condos are new and represent an excellent value for the features offered. Most are within walking distance to great restaurants and a few more blocks to the light rail. Easy access to freeways. All in all a great place for a first home that is focused on urban living.
Sincerely,
Michael Phillips
Intero Real Estate Services
408-979-5935
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0 votes 4 answers Share Flag
Tue Jun 24, 2008
Caroline Stavjanik answered:
Hi Rai,

Buying in downtown San Jose is definitely more of a risky investment. One of the best ways to hedge against a volatile market is to buy in a good school district, even if you don't have children. However, the area that you are looking into is a very nice area with easy access to freeways and shopping. The best advice we can give you is to have your agent show you the property's history and the comparable sales for the neighborhood in the last three months. If the house is priced right and you are not planning on flipping this property, are in it for the long haul, you should be fine.

Take care,
Caroline
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0 votes 13 answers Share Flag
Fri Feb 8, 2008
Dot Chance answered:
Jake, I have never heard that. Did you receive a signed acceptance when they accepted the offer? Do any of the documents state they have the right to auction this off?

I don't see how the bank could have the right to auction the house off before they foreclose on the property. Do you have a Realtor representing you? This doesn't sound right at all! ... more
0 votes 6 answers Share Flag
Thu Dec 13, 2007
Amir Shahkarami answered:
That is a very worthwile upgrade.

HTTP://WWW.SiliconValleyPropertySearch.com
http://www.888siliconValley.com
http://www.REALTORamir.com
HTTP://WWW.amirSHAHKARAMI.COM
0 votes 3 answers Share Flag
Thu Nov 3, 2011
Patti Pereyra answered:
First and foremost, you may have trouble getting your loan approved.

I recently worked with a buyer who was buying a townhouse whose association was in litigation with an ex-employee. The HOA was not cooperative in releasing any information (even though, FYI, most litigation details are public). The other agent and I worked tirelessly to obtain documentation since Fannie Mae refused to underwrite the loan until we received specifics.

My client's closing was delayed 2 months! We were finally able to close, but only once we were able to provide all of the required documentation to the lender for Fannie Mae -- which we finally were able to get only once we were in contact with the HOA's attorney, who finally agreed to cooperate.

Before you even concern yourself with the details of the actual litigation, I would check with your lender to find out if a litigation will affect your ability to get a loan. Find out precisely what will be necessary in order to have your loan approved.

After that, your Realtor can work with the other Realtor to get the association to cooperate. Perhaps using the same route we did (contacting the attorneys) will help. If the HOA refuses to cooperate, they can be charged with hindering a sale -- I'm sure it's not something they wish to have on your plate in addition to a litigation.

Good luck.
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