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Cupertino : Real Estate Advice

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  • Local Info26
  • Home Buying101
  • Home Selling16
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Activity 153
Mon Apr 8, 2013
Michael Cheng answered:
At $500K for a SFH, you have to look at rather rough areas where homes are still that cheap. Within 20 miles of Cupertino, you can check out Alum Rock, Alviso, or downtown San Jose. Besides those areas, there aren't any other areas with good selection. If you have $500K cash, you might be able to get something in Milpitas or south San Jose. ... more
0 votes 5 answers Share Flag
Sat Nov 12, 2016
Russ Ravary answered:
I would be asking your real estate agent this question. In Michigan our contract allows you to void the contract. Or you can ask the seller to remediate the asbestos. Call your realtor and ask them ... more
0 votes 15 answers Share Flag
Sat Feb 2, 2013
Terri Vellios answered:
I suggest you go directly to the source - Town of Cupertino Building Permits and ask them directly. Or you can contact a general contractor.
0 votes 12 answers Share Flag
Wed Apr 23, 2014
Michael Cheng answered:
You should consult with a CPA about this. From what I know, you should just take the $500K exemption and run, before the Congress decides to take that away. For the amount over that figure, you can use other capital losses to off-set it, but there's no way to avoid tax, at least not legally. ... more
0 votes 13 answers Share Flag
Fri Jan 11, 2013
Nina Daruwalla answered:
Hi Sofitrends,

Rental for this area, depending on the condition of the home can be anywhere fro $2700-3200.
Check on www.craigslist.com for rental properties.
All the Best,
Nina Daruwalla
DRE# 01712223
... more
0 votes 4 answers Share Flag
Tue May 6, 2014
Cindy Davis answered:
This is always a personal decision. The main things I might consider:

Are you able to do any of the work yourself to fix it up? Do you have those skill sets? - If you can cut costs by doing much of the work yourself, and can add to your bottom line for little more than your time - it would make sense to improve the condition.

What are the comps in the area? If your home is worth a LOT more fixed up, than there is room to improve. If the comps for a 1950's Cupertino House are low, it might make more sense to just sell it for less.

Regarding 'as is' - I honestly don't recommend it. Chances are whatever repairs a buyer asks for will be relatively inexpensive...If you go as-is, it'a huge red flag for lots of folks, and you'll take at least a 10% cut in price off the top.

Hope I helped. Best to invite in a couple of different Realtors to add more specifics.
... more
0 votes 16 answers Share Flag
Tue Mar 5, 2013
Ron Thomas answered:
This is almost SURREAL!
I would fall back 10 yards and ask your Agent to set up a meeting with the Listing Agent's Broker:
He will undoubtedly include the Listing Agent;and you can get some answers.

Good luck and may God bless
... more
0 votes 13 answers Share Flag
Thu Nov 21, 2013
Nina Daruwalla answered:
RM,
I live and work at Coldwell Banker, in Cupertino , and have good experience with Single family homes and Multi family residences.......it all depends on what YOU want for your family!
You have to financially qualify for both, though few criterias to qualify for Multi-units is a bit different. I have good licensed contractors to help you with re-modeling/repairing..... VFM is more in multi-family as you get help paying your mortgage, but then you have to deal with a smaller home for your own family and dealing with renters, and maintainance problems.....
Please do contact me to come in and chat in detail, then make an informed choice! Check out my website...
Be well and safe, regards,
NinaDaruwalla
DRE#01712223
... more
0 votes 11 answers Share Flag
Tue Mar 5, 2013
Andrea Wince ~ Lic. 01439761 answered:
What does your termite inspector say? They would be the best resource since they have inspected the property and are familiar with its condition, location and environment.
0 votes 12 answers Share Flag
Sun Jul 21, 2013
Ron Thomas answered:
Hi Ron, Ron,
I did Kitchen Design and high-line cabinets for years before getting my Real Estate License:
The Cabinets were Crystal, and I'm sure that there is a Dealer in Cupertino.

If you call them, we fell in love with the Cherry wood, with a Natural finish and Port Wine Highlights. This works best when there is some detail, as opposed to the Shaker Door. Choose a door style that YOU like: Do not do this for the next owners; do it for yourself. You will not make everyone happy, don't try! Do it for yourself!
Critical; choose a refer that is built-in, or at least cabinet depth; it looks cheap and intrusive sticking out into the pathway.
And get a solid-surface, not tile; I hate tile!

Good luck on your project and I hope you have many happy years.
... more
0 votes 6 answers Share Flag
Sun Jul 1, 2012
Ron Thomas answered:
Different Counties have different ways of doing business:
Some may evaluate the tax rates annually.
Some, only when the property is sold.

Some Counties are efficient and well run; some are in the RED.

Most Counties do not care what the property is worth; they are just trying to survive and pay their bills.
Almost all Assessments are not tied to the Market Value of the houses.

You, simply, got socked with a new assessment.
... more
0 votes 7 answers Share Flag
Fri Jun 22, 2012
Stu Carson answered:
Amelia, You are mixing up terms that make it hard to understand and therefore answer your question. On the one hand you ask about when and where to foreclosed homes are sold. On the other hand you refer to "tons of houses available at "Sheriff's Sale" in Santa Clara County. I can tell from your questions that you are very new to the subject of buying foreclosure property at the Trustee Sale.

In 2002-2005 I owned a company that bought properties at auction and flipped for profit. I understand the business well. Any one who knows it will tell you it is a risky business, not something for a person to try and do once or twice in a lifetime. Therefore, I highly recommend you hire someone to help you through the process. To do otherwise is like "reading up on appendectomies and then trying to do one on your own to save money. The risks in both cases are just too high. So again like in many areas of life, investing in hiring a professional is money well, very well spent.

That person will serve as your adviser through the process, deciding which properties to bid on, which not, and how high to bid, researching the liens against the property that could become your obligation upon buying it at auction, going to auction with you, etc... to pay them only if you actually buy a property and to pay them 2% in the event you found what you wanted and got it, is a fair & reasonable fee.

Stu Carson
408-209-0849
http://www.JustMyProperties.com
http://www.GetRealRealtor.com
Stu@StuCarson.com
... more
0 votes 4 answers Share Flag
Wed Sep 25, 2013
Andrea Wince ~ Lic. 01439761 answered:
Hello Ashok, how many beds/baths do you require and the minimum square footage of the house?
0 votes 16 answers Share Flag
Wed May 30, 2012
Erica Glessing answered:
I don't know if they have the rock bottom lowest rates but they are the easiest to work with/and they are offering 80-10-10 loans now at Princeton Capital. So it's easier to obtain the funds and every Princeton rep I have met is excellent. They also work with great appraisers. Things just go smoothly. ... more
0 votes 2 answers Share Flag
Tue May 29, 2012
Terri Vellios answered:
In-law suites are rare to find. If you like rustic you may want to look to the Los Gatos Mountains. Your budget is going to determine where you end up.

Rentals are in high demand -- all the best to you in your search. ... more
0 votes 2 answers Share Flag
Wed Sep 5, 2012
Monica Goyal DRE # 01781926 answered:
Hi Ayla,

If your entire purpose to build is for resale, then you have your answer. Even though none of us can predict the market, if we go by your numbers. Current value $650k, construction costs $500k, new resale value $1.2M. Take into account the hassle of construction, you will probably have to move out, which involves cost and trouble. Your financial gain? negligible. From a pure financial point of view you may or may not come ahead.

Yes you will have an advantage of selling a brand new home. If you invest the same amount of money at present in another property, or a bigger home with better schools, what would be the appreciation.

This question requires some very detailed research and number crunching. I am sure you will receive many answers from my colleagues, with different point of views. Great place to start your exploration process.

Good Luck!
Monica Goyal
408-476-0675
... more
0 votes 8 answers Share Flag
Sat Dec 1, 2012
Ron Thomas answered:
if you GOOGLE "cupertino school district"
and then click on "the district"
you will see "map"
and you can see you answers
0 votes 9 answers Share Flag
Sun Jul 15, 2012
Steve Quintana answered:
Hustle your request for a trustee sale postponement to the trustee, the lender and the court, if you are in court. Do things quickly, you have no time to spare.
0 votes 10 answers Share Flag
Wed Mar 23, 2016
Igor Reznikov answered:
It all depends on what you expect will happen with current prices. Your statement of: "California prices are still expensive" implies that you expect california prices to go down. If that is the case, then there is absolutely no reason for you to buy in CA.

Since you can get 9% return on investment renting out in other states (or even in california, in other cities) if you had $1mm, you can make $90K/year - $42K for rent ($3500*12) ... you're ahead $48K/year. (Your profitability would be even greater if you finance, instead of buying in cash).

On the flip side, if your assumption is wrong and prices do continue to increase as they have been since the beginning of 2009 in Cupertino... if the rate of increase is greater than 4.8% per year, you will be worse off.

It's as simple as that :-) Hope it helps, I'd be happy to talk to you offline, to help you figure out your best option.

Regards,
Igor

igor@rezrealty.com
... more
0 votes 13 answers Share Flag
Wed Apr 25, 2012
Thomas Feng answered:
Hi Judy, to answer your question it is not a great buy when compared to other homes.

The reason for this is that when most people buy new construction homes they like to customize what goes into the home. When you buy the model home you are buying what is already there and not creating it yourself. Some home builders will allow you to change some things but probably for a fee.

Negotiating on a model home is not always possible as well. It depends on the demand just like when you bid on any home from a seller. If they have multiple offers you probably will not be able to negotiate the price down.

If you are thinking about buying new construction homes check out my blog on the common pitfalls when buying new construction at http://bayareaconnect.com/how-to-buy-new-construction-homes-thomasfeng-bayareaconnect/

My Santa Clara home buyers blog also features weekly real estate news, weekly new listings photos, school info, and weekly market reports!

If you have any questions give me a call at (408) 840-3852 or shoot me an email at Thomas.Feng@gmail.com
... more
0 votes 9 answers Share Flag
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