Unfortunately, high HOAs are found not only in FS, rather in all major cities of the Bay Area. And, YES in most cases the HOAa are unjustifiably high. Have you considered a home vs a condo? If you need any assistance please feel free to contact me directly: 415-722-6249; firstname.lastname@example.org... more
Hi Alex, the value of a home is usually based on location, condition, price and current market conditions like supply and demand. Interest rates also play a major factor.
It sounds like you need an appraiser if you want to know the sq ft of your home. If you need a referral, I have a good one who will not charge you that much if all you need is to find out the size of your home.
I'm not sure about your area, but in mine a pool could either be the reason someone buys the home or the reason they pass it up. Many people don't even want to look at homes with pools due to the added risks, maintainance, cost, etc.
As far as pricing, I would first ask your realtor more about comps that sold quickly and how your home compares. Again, my market is much different as there are very few homes over $1 million, but I'd venture to say that some buyers will, for instance search homes up to $1 mil. This would leave your home off the search results even though its within 1% and most buyers would probably still consider it. On the flip side, buyers may search $1 mil to 1.25 millions dollar homes. At $999,999 your home would be left off that list. If your home is really worth about $1 million, that's exactly where I would list it. Please consider this very general information as I am not familiar with your home or local market. Follow up with your Realtor and see what he/she says.... more
If the house is still owned by the person in default and they are willing to cooperate, you may be able to purchase the home as a short sale. That would allow you to get a conventional type loan. If you need help with the process let me know.
Hi Am, unfortunately we do not see much newer construction of single family homes in Foster City. Have you considered Redwood Shores? Please let me know if I can be of any assistance - thank you
Mary Molinari 650.996.7981 / d.r.e. #01032961 / coldwell banker... more
I think you'll find people that will say it is stable and others that will say that it is not. I personally believe that when you are ready to buy and if you are in it for the long run, the price fluctuations will not matter as you are in it for the long haul and real estate has tended to appreciate over time.... more
I can only address Foster City - I'm more familiar with it. There are some that are concerned enough with the fact that Foster City is built on fill that they won't buy there; however, during this downturn in the market Foster City prices have held up well and it's only recently that they've been affected at all.
There are so many desirable things about FC - the schools, convenient location to jobs, freeway and shopping - that they outweigh most people's concern about it.... more
Hi Tj, a general conservative rule of thumb for estimated Closing Costs is 2-4% of the purchase price; however, where you will fall depends on points/origination fees attributed to financing. I'm not sure what you mean by "monthly mortgage fee."
You may want to pursue a Pre-Approval so you can obtain a Good Faith Estimate that lists all the fees estimated for the purchase scenario you are planning. As far as buying, this is your first step (not a pre-qualification, see:. http://www.Steven-Anthony.com/default.aspx?pp=39377 for the difference between the two) so you can be ready to act when you need to, or be aware of any issues that may prevent you from buying when you want to.
MBA, GRI, ABR, e-PRO, CMPS, RE Masters
REALTORÂ® / Mortgage Banker-Broker / Certified Mortgage Planning Specialist... more
I haven't heard that as an issue from anyone I've worked with. I would imagine it would depend on, among other things, what type of flooring the unit had. Although it would be a matter of opinion and their observances, the seller is required to disclose something like that.
I'm also interested in hearing more input - it's a great question.... more
Most likely it has already been assigned to a realtor and even if you happened to get through to the right person they will tell you to contact their realtor. This is from what I've seen and experienced, I don't know if its always true.... more
Foster City Elementary is rated a 10 by www.GreatSchools.net. Insofar as earthquake and flood zones are concerned the answer lies in how risk adverse you are. Clearly, there is greater risk in Foster City when compared with Belmont or San Carlos with both cities having schools rated a 10 as well. Foster City has the potential for liquifaction meaning that during an earthquake the soli turn to a "jello-like" substance due the the landfill. How well or how poorly a particular Foster City house performs in an earthquake depends on the construction quality. Discuss the risk with a Structural Engineer, then decide whether you're ready to accept the risk. Consider earthquake insurance to help mitigate your losses, but it's very expensive and has a comes with a hign deductible. Other notable concerns about FC are air craft noise, weather, wind conditions and traffic patterns and accessibility. More for insights on real estate in this area can be found at www.LivingWellinSanMateo.com .... more