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Mountain View : Real Estate Advice

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  • Local Info23
  • Home Buying116
  • Home Selling14
  • Market Conditions10

Activity 165
Sat Dec 27, 2008
Chris Iverson answered:
Pc,

I live near the Classic Communities development you mentioned, and they are selling. Relative to the surrounding +/- 50 year old 1200sf ranch homes, the new ones are priced well, and reflect what many buyers are looking for; open floorplans, stainless appliances, high ceilings, etc. Many buyers don't seem to mind small yards, or the cookie cutter feel and lack of landscaping, so new homes sell. They have a great location only a couple of blocks from Castro St. working in their favor as well.

The development on Dana and Calderon is selling as well.

The Google effect you mention is overrated. Goodle is currently trading at $298 a share, a price last seen in October 2005. So any options granted in the last 3 years are under water. That and only about 1000 Google employees live in Mountain View. By contrast, about 2000 live in San Francisco. The people in the sales office at the development you mention said that the vast majority of the buyers were from Mountain View, and are either currently renting, or upgrading from condos or smaller homes.

For more information on the market, with charts and statistics on prices and trends in Mountain View and the surrounding communities, visit www.REMarketReports.com. You can sign up to receive free reports delivered to your mailbox when you want.

Feel free to contact me directly for more information and answers to any other questions you may have.

Regards,
Chris

Chris@VentouxHomes.com
www.VentouxHomes.com
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0 votes 2 answers Share Flag
Tue Dec 30, 2008
Chall answered:
I'd like to find out where I can post an ad for investors who might be interested in buying our property and renting it to us?
0 votes 2 answers Share Flag
Thu Dec 18, 2008
Earl Girbovan answered:
Hi Vernee,

Most agents do not put rentals on either their web sites, or on the MLS. Everyone goes to Craig's List, Fogster or other similar web sites for residential rentals.
0 votes 0 Answers Share Flag
Fri Dec 12, 2008
Glen Mitchell answered:
It's never too early to start planning and talking to realtors and lenders. Loan guidelines can change, but a good lender can keep you updated on any changes that might affect you. You can also start watching new listings to get an idea how quickly they sell, how much over or under asking, and get a feel for what it will take when you are ready. I have a free email service you are welcome to try out. It sends out new listings that match your search criteria. You can sign off at any time. Let me know if you want to try it.

PS school is always an issue even if you never have children or are past kid age. When it comes time to sell it will affect values and the time it takes you to resell. Always a good idea to consider which areas are better in terms of schools.

Glen
glenmitchell@remax.net
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0 votes 8 answers Share Flag
Mon Nov 3, 2008
Glen Mitchell answered:
Denverfam, I do some property management, but don't currently have anything in Mountain View. Most agents in the area don't advertise on the MLS so I typically refer renters to Craigslist. There are 6 active rentals on the mls for mountain view and if you send me an address I can email them to you with pictures and more details.
Good luck with the home sale!


Glen Mitchell
glenmitchell@remax.net
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0 votes 3 answers Share Flag
Thu Jan 8, 2009
Theyknownothing answered:
Am looking at these two area as well

Prices fluctuate
public records for transacted Oct to Dec 08

Single Family
Dublin Average per sqft

310/307/282 persqft

San Ramon average per sqft
332/313/308 per sqft
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Mon Oct 13, 2008
David Blockhus answered:
Gregor,

Where did you leave it?
0 votes 1 answer Share Flag
Wed Oct 8, 2008
Bill Mccord answered:
Jiang,
If you have so many problems with the layout then you should probably pass on it. When you come to sell it those things will still be the same and potential buyers will feel the same way.
Regarding price issue. Most builders would rather give you a better deal by including expensive options than by lowereing the price. They will also usually allow some buyers credits for closing costs which can be used to "buy down" the interest rate on the mortgage.
If I were considering these kinds of town homes I would take a serious look at the River Oaks communities off Montague Expressway, and La Mesa Terrace at Central Expressway and Mary. These are both great commute loacations and superior floor plans. If you would like more info on these give me a call at (408) 723-2919.
Regarding price issue. Most builders would rather give you a better deal by including expensive options than by lowereing the price. They will also usually allow some buyers credits for closing costs which can be used to "buy down" the interest rate on the mortgage.
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0 votes 3 answers Share Flag
Thu Dec 30, 2010
Bill Mccord answered:
Preeti,
How many is a few and what part of the Bay Area? 3 hours from Santa Clara Valley could see you in the Sierra foothills while the same time from San Francisco could take to up the North Coast to any number of lovely small communities. ... more
0 votes 8 answers Share Flag
Tue Sep 15, 2009
David answered:
Redfin is a brokerage company just like any other real estate company. Some might consider them a discount brokerage company, similar to IPayOne or ZipRealty.
0 votes 10 answers Share Flag
Wed Sep 17, 2008
Steve answered:
Fed rates are dictated by a board trying to manage money supply. LIBOR pays more attention to risk. At this moment, it's spiking reflecting the risk in the marketplace (see link). In two year... who knows. ... more
0 votes 12 answers Share Flag
Fri Apr 9, 2010
Jill Ballard answered:
The answer to your questions are based on why you are askling them. Do you want to move to another area entirely or are you just worried about the cash that your house is worth? If there is no reason to move, then stop making yourself sick by looking at what it used to be worth. If you sold, where would you live? Presuming you would rent, what would be the cost of your rental compared to your mortgage? Rental prices are going up right now and while it could seem like a good idea to "get out from under" you may actually get into a worse cash flow situation.

Don't Panic. We are in a great area. Our Real Estate prices have dropped the least in the country. Our employment market is strong. Once the REOs clear the market, the prices will start to rise again.
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0 votes 10 answers Share Flag
Wed Dec 21, 2016
Earl Girbovan answered:
Hi Brian,

Splits like this are common in San Francisco, and the result is a tenants-in-common ownership of the property. It is less common in Mountain View. I suggest that you go to City Hall, and see if they will let you do the split, and what the requirements are. Some properties lend themselves to splitting better than others.

Doing a 'legal' split is critical, because when you go to sell, the lender and the appraiser are going to look closely at the property. Doing you due diligience here before spliting is critical. Since there are probably not a large number of comparables nearby, you would need to be in a positon to arm them with data substantiating the value.

Another problem you may have is your current lender. If you are splitting the property, and therefore changing the legal description, your existing lender may call the loan. Getting a new loan shouldn't be a problem after the split, but it will add to your expenses. I own a rental property down the street from you, and would be happy to discuss ideas with you.
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0 votes 7 answers Share Flag
Tue Sep 16, 2008
Earl Girbovan answered:
Most all of the western side of Mountain View has good schools. You can get a reasonable home in a good school district for ~ $900K. The more desirable homes are those on the border with Los Altos, that have Los Altos schools. But, homes in this area are closer to the $1.4 - $1.6M range. The good areas of Mountain View have not really been hit by the housing crisis, and well priced homes typically sell for about asking price within a couple of weeks. You may see homes that have been on the market longer, but generally they are on the eastern side, close to Highway 101, where the schools and neighborhood are less desirable. My wife and I currently have a listing in the Monta Loma are of Mountain View on Whitney Court you may want to take a look at on MLSListings.com. It's a good neighborhood, and is representative of the better homes in that neighborhood. We can help you with other areas as well. ... more
0 votes 12 answers Share Flag
Thu Sep 11, 2008
Dallas Texas answered:
There are some seller flat fee listing agents you may want to do a google search for those agents.
http://www.lynn911.com http://www.homes-for-sale-dallas.com
0 votes 5 answers Share Flag
Mon Sep 15, 2008
Bob McClure answered:
hi greg......waiting many times you miss out.......if i can lower your rate to something that makes sense...sure, do it now....also..are you on a treasury a.r.m. or a libor a.r.m?......it matters.....lastly...paying off credit card debt.?...for sure helps..the cost-per-thousand is very high even on low rate cards.i hope that helps...bob mcclure- mortgage now- farmington, michigan....i am licensed in your state..... ... more
0 votes 10 answers Share Flag
Wed Oct 27, 2010
David answered:
The reasons above are exactly why you need a real estate agent not an attorney. An experienced real estate provides you with their own in house legal team. Every large reputable brokerage has one on staff. ... more
0 votes 9 answers Share Flag
Mon Jul 6, 2009
Ali Moein answered:
Dear Shoulibuy,
All good Realtors will serve the best interest of their clients. If my clients best interest is to purchase a $200,000, I will make sure his/her interest is served. By doing so I have been able to do most of my business based on referrals. I'd be happy to send you a list of my references and you can find out how I serve my clients and how I save them money. Then you can decide if you'd like to hire me to be your Realtor.
Regards,
Ali Moein
(408)439-5748
... more
0 votes 56 answers Share Flag
Wed Aug 13, 2008
Dot Chance answered:
This is not legal advice and you may want to ask this question of an attorney, I believe the first lienholder would be the one to foreclose and the others may or may not receive anything. ... more
0 votes 4 answers Share Flag
Sun May 11, 2014
Susan Fagin answered:
Just ask the agent to cancel the listing - most agents will honor their client's request. Good Luck!
0 votes 7 answers Share Flag
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