I have a lender who could go into great detail and point you in the right direction. We work closely together and I refer all of my clients to him. His name is Scott Stinson with FBC Mortgage. They do in house lending and deal with wholesale loans giving a buyer more options. Scott's email is Loans@ScottAlanStinson.com
His phone number is 407-872-3383 and his website is www.ScottAlanStinson.com . Give him a call or send him and email. You will get the answers you are looking for and have a trust worthy broker to confide in. They are rare these days. Good Luck
Re/Max Prestige of West Palm Beach
Sorry, not true. When an agent closes a sold listing in the MLS system, they are required to list the actual sale price. The record for the property will then show the original listing price, all price changes, and the actual sale price. If Redfin or any other sites show something different, they are wrong. If you'd like to see an actual printout from the MLS, send me a message and I'll email it to you.... more
There is one problem with your question, the homes will not be in the same location. Eichler built homes in neighborhoods in Palo Alto, not individually. Homes on Palo Alto have more similarity to neighborhood than to style, if the homes are of similar age and not a new build. So if an Eichler is in south Palo Alto in the flood zone it will cost less than a home in midtown that is a ranch or cottage but not in the flood zone. The only exception to this would be in Barron Park where there are a few individual Eichlers but I have not noticed any big difference in price from any other home with similar square footage and condition. But there are just not enough of them to make a statistically significant statement. If you were asking this question about some other city I could tell you that Eichlers will generally sell for less than a traditional ranch house, but they do not have a stigma in Palo Alto. Many people here love them for their mid century modern style, and many people just want a home in Palo Alto in their price range and do not care about the style. It may seem that Eichlers sell for less than ranch homes, but I think most of that can be attributed to the fact that a they are frequently in the flood zone. I guess that is the short answer.
DRE 01191194... more
It is a little difficult to give you a number because it depends on the square footage of the home and the type of heat. They were originally built with radiant heat systems but many of those original systems have been replaced. Also, Palo Alto owns its own utilities and the bill in combined. That being said, it will cost more to heat an original Eichler than a ranch home with less glass and more ceiling insulation but there are things that can be done to lower the cost. Many people install foam over the tar and gravel roof. There are newer heating systems that are energy efficient, and window coverings can be used that let in light but help keep the heat in.
DRE 01191194... more
I believe it does. In spite of the fact that fewer people park their car in the garage these days, garage is still a valuable features that a lot of buyers look for over carport. It is a matter of preference, however, some are willing to pay more for the place if the home has a garage.
I hope I answer your question and let me know if there is anything I could assist you with.
Ivy C. Magsaysay
Century 21 M&M and Associates... more
It wasn't only Palo Alto people bought into. Everything just kept appreciating so quickly buyers jumped on the band wagon.
The reality is Palo Alto is a very desirable area and will hold value to those who had the means to purchase. They will be affected by the buyers who should not have been purchasing - on margin - outside of their income (interest only).
When you are looking at prices the value is what a ready willing and able buyer offers. An appraiser can also help a buyer understand the value along with their agent.... more
The first thing you should ask yourself is how much can you afford to buy because there's a world of difference in prices of all the areas you mentioned. Further, each city will have its own areas that command the most attention.
One thing that may in demand --- waterfront homes
And as you already know, location, location, location is a constant.
Trulia offers a really good snapshot per city, of the most popular communities. Take a look
Redwood City http://www.trulia.com/real_estate/Redwood_City-California/
Palo Alto http://www.trulia.com/real_estate/Palo_Alto-California/
San Mateo http://www.trulia.com/real_estate/San_Mateo-California/
You don't have to do a direct exchange to facilitate a 1031. You can use an intermediary company. There are rules if you are not familiar with 1031 and the intermediary facilitator can assist you with the time line. Is your house for sale yet?... more
You are the one in control essentially you can counter offer. Your Realtor regardless of where they are located should look out for your best interest. There is no standard practice. Each and every transaction is customized to each client and each situation.
You have the right to refuse any of the request. I would give on some of them or you can have your Realtor put in contingencies or stipulations on how much you are willing to pay toward anything. If you are against paying for the home inspection or repeated inspections say so. We are only Realtors after all we do as we are told and if you don't voice your concerns to them then we are none the wiser. So tell your Realtor what's on your mind. God Bless and happy selling.... more
Being self employeed makes the loan application process more difficult than if you have a normal job that generates w2's. So it appears that the lenders may be more conservative when dealing with self employed . Sounds like the lender does not beleive you can afford both homes.
First Weber Group
Certified Distressed Property Expert
Do you have a real estate agent representing you? If so, you should ask your agent.
Do you still have a financing contingency in place?
Without knowing all the details and having a copy of the contract it is impossible to provide professional counsel?... more
I've never seen an HOA fee that high per month. If the fees include utilities, all lawn care, trash removal, community grounds with pools and tennis courts, it could maybe go that high. Is there some unbelievable added security? I would get a list of what these high fees encompass or cover, and go from there. If it's not justifiable in your own opinion, talk with other residents to see why they decided the fee was worth it to them.
The situation above might also require the co-signer to live at the residence and not just sign for it. The eviction would be the reason for this as typically someone living in the apartment has to have no recent evictions on their record in order to lease it out.... more