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General Area in Gilroy : Real Estate Advice

  • All101
  • Local Info15
  • Home Buying25
  • Home Selling1
  • Market Conditions2

Activity 4
Sat Jan 16, 2010
Wayne Giroux answered:
Why do you want them to foreclose? My suggestion is you need to work with someone who has experience working with banks - either a non-profit or a Realtor. I've helped many clients make that connection and get the dialogue going and would be willing to assist you (408-858-7199 or Have you received a notice of default? Which bank are you working with? Watch out for banks purposely limiting contact and/or stringing you along until they suddenly foreclose with little warning. Most importantly: you need to understand your options and the consequences of each - for this you need the advice of a competent accountant and a competent attorney. We all can tell you what we know based on our experience, but there are tax consequences, credit consequences, future claims against income and assets consequences (depending on whether you've refinanced) etc. You need to fully understand them all. Do NOT spend money up front with anyone promising miracles ESPECIALLY an attorney. They do not deliver. ... Wayne ... more
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Wed Oct 20, 2010
Wayne Giroux answered:
By cleanout I guess you mean to clean the property after foreclosure in preparation for sale. Typically banks leave it in the hands of their Realtor to handle such items - though not all lenders are willing to pay. There are a number of well establilshed suppliers in the area who have developed relationships with Realtors and Brokers in an effort to develop this business. Some have joined local realtor organizations in order to come into contact with Realtors who have this need. One way of establishing contacts with Realtors is to attend open houses, but often the ones with many foreclosures are not the ones doing open houses. You can visit as many Broker offices as you can and leave promotional material describing your services. Or think back to the last Realtor that helped you buy/sell a home and see if they have any contacts. Good luck ... Wayne ... more
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Mon Mar 31, 2008
Wayne Giroux answered:
We have met several couples who are split between Silicon Valley and areas from Paso Robles to Monterey.

Some have chosen Gilroy as a spot reasonably in between.

That way the more difficult commute between Gilroy and Salinas is avoided, as the person working further South will be going against the heavy traffic (i.e. South in the morning and North at evening). Nevertheless it is a serious commute with two lanes in each direction and a highway that doesn't have restricted access.

The commute to Silicon Valley has become quite good with four lanes in each direction.

Gilroy is a very family oriented environment which has some excellent schools. As in any city, you will want to choose the residential areas a little away from commercial traffic and environments.

The alternative might be Salinas, where prices will definitely be lower, but the commute to Silicon Valley will be very trying. We've seen some who move to Salinas for reduced real estate prices, who then move North in a couple of years because of the commute.

Another alternative is Morgan Hill which is smaller than Gilroy, has a little less choice, and is a little more expensive. (It is where I live and I love it).

Let us know if you want more info ... Wayne 408-858-7199 (Realtor with Alain Pinel)
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Tue Aug 7, 2007
Mario Pinedo, Ccim answered:
Definitely! The South County market is soft and this is a great time to buy there. Gilroy is less expensive than Morgan Hill, although there are some great homes in Morgan Hill. It just depends on how far from town you would like to be. If you want, I can refer you to an amazing agent out of the Morgan Hill office who can find you your dream estate. ... more
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