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San Mateo : Real Estate Advice

  • All204
  • Local Info18
  • Home Buying80
  • Home Selling15
  • Market Conditions3

Activity 152
Mon Mar 5, 2012
David Gowans answered:
Best bet is to use Craigslist. Most apartment leasing managers use it to advertise. Have a look here: http://sfbay.craigslist.org/pen/apa/

Hope this helps!
0 votes 3 answers Share Flag
Thu Apr 12, 2012
Taj Weldon answered:
Hello,
Home prices in the bay area are pretty stable.Every year prices usually drop in the Winter and slowly begin to increase in the Spring and Summer months.Most buyers purchase in Spring and Summer.The prices are still considered low, however, most economists believe they were too heavily inflated a few years back in the real estate boom.If you have any further questions or would like info regarding a specific property feel free to call or email me.Best of Luck.

Sincerely,
Taj Weldon
650 - 262-0271
Real Estate Agent
DRE 01816152
Tywelldone@gmail.com
Imara Mortgage and Realty
Servicing San Mateo and Alameda County
... more
0 votes 8 answers Share Flag
Mon Apr 30, 2012
David Gowans answered:
Hi Cindy. I've seen a number of homes that fit that description recently. What price range are you interested in?
0 votes 11 answers Share Flag
Thu Apr 12, 2012
David Tapper answered:
Hello William,

If you are looking for good rentals, I would say SSF, San Bruno and San Mateo. Prior to 2007, it was very difficult or next to impossible to purchase a SFH on the Peninsula and be able to rent it out for your mortgage payment.

With declining values coupled with the low cost of money, there are some good oportunities out there.

Cheers!

Tap
... more
0 votes 6 answers Share Flag
Sun May 26, 2013
David Gowans answered:
1)Yes. You risks losing the cost of the repairs. I wouldn't recommend doing this. Short Sales are usually "as is" and FHA's are always strict of condition of the property. I'd have to be honest with a client that wanted to do something like this and recommend that, unless they absolutely fell in love with this house, don't do it. Find another one that is in better condition or one that is not a short sale. However, if you love the house and are willing to take the risk, you certainly can give it a shot. Only way to mitigate the risk is have a really good lender and hope that can perform. ... more
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Fri Nov 25, 2011
Tina Lam answered:
Simona,

Real estate regulations in California prohibit real estate brokers like myself from steering you away from certain neighborhoods. About the only thing we can provide you is a link to a crime map like this: https://www.crimereports.com/

Admittedly, it's not very useful when you're specifically seeking a professional opinion, but that's about as far as we can go. If you work with a local Realtor, you can have her help you narrow down the neighborhoods that fit your criteria.

As for getting a home for around $50K in a decent neighborhood, it might be possible to get a condo in the Roseville are for that price. Single family homes and townhouses in decent neighborhoods still start around $200K.
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Sun Nov 20, 2011
Yu Lam answered:
It depends on what kind of renovation work is required, if it is really bad (e.g. missing a toilet or no bathtub), you won't be able to get a loan at all. In that situation, you either buy with all cash or try to get a loan called 203k loan together with the conventional loan that you have. Do that with an experienced 203k loan agent. Good luck! ... more
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Thu Aug 15, 2013
Doug & Bud Zeller answered:
Wed Mar 27, 2013
RicaRuiz answered:
I'm happy to help! Please feel free to contact me directly.
Rica Ruiz
(650) 619-1956
Rica@ricaruiz.com
www.ricaruiz.com
0 votes 7 answers Share Flag
Sun Oct 2, 2011
Moises Pelayo answered:
Good morning. My name is Moises Pelayo and I am an agent with Prudential California Realty in San Bruno. I would love to spend a few minutes to talk to you about your plans and come up with a strategy to find the home that best fits your needs. My primary focus of my business is serving home buyers and sellers in San Mateo and San Francisco Counties. Feel free to give me a call at (650) 333-0207 or contact me by email at moe@moecanfind.com ... more
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Tue Aug 9, 2011
David Gowans answered:
Here's a short group of whats listed in the area. Other option is hitting up craigslist.

David G
0 votes 1 answer Share Flag
Sat Jun 25, 2011
The Laugesen Team answered:
Ali

We have a very low inventory for rental properties...are you thinking a home???? or an apartment
Give me a call...I have a home in Woodside coming on...around 8500....
4 bed...4bath.....pool and views...

What are your perimeters...

Denise Laugesen
650-465-5742
Coldwell Banker
http://www.deniselaugesenteam.com
... more
0 votes 3 answers Share Flag
Sat Jun 25, 2011
Jeff Tung answered:
Welcome to the Bay Area Alj. Where do you think you would like to relocate to? I can provide you with property info so you can get an idea of what the rents are like.
0 votes 5 answers Share Flag
Fri Jul 1, 2011
Dallas Texas answered:
Only professional answer that question is your insurance broker it depends on value of home and much more

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
... more
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Sun May 8, 2011
Donna Black answered:
I checked the BCDC maps....it would be catastrophic if and when it happened unless sea walls were
erected...with the economy the way it is and has been the cities haven't raised the levies along the
San Mateo side of the Bay which is why FEMA stepped in and in 2001 made these flood zones and
Flood insurance is now required...not inexpensive... your decision....based on the facts you discover.
Donna Black
... more
0 votes 9 answers Share Flag
Mon Mar 28, 2011
Sally Grenier answered:
Are you really asking this? Or is there more to the question?
0 votes 11 answers Share Flag
Mon Apr 11, 2011
Laura Feghali answered:
Hello Richard,
The answer is "false" that the bank and home owner should only consider one offer. Just like in a normal transaction, multiple offers can be submitted so that the bank (who is the final decision maker) can select the offer they wish to work with. That doesn't mean that the bank will accept it outright but may counter back to that offer. All other offers may be considered as "back up" once the bank has made its decision.
Hope that helps.
Good luck!

Laura Feghali
Prudential Connecticut Realty
... more
0 votes 5 answers Share Flag
Wed Mar 23, 2011
Spirit Messingham answered:
Believe you answered your own question in the body of your question. In todays market, there are a lot of FHA offers and to be hoenst, not sure a lender is going to see a lot of difference between FHA or Conventional. VA is a different story, for loan costs and apprasials.

On the short sale you want to put an offer on, on MLS what does it state? Typically it will state what type of loan it is open to. In the end, long as the bank gets paid they really dont care and a cash offer may trump an offer with a loan if it is for the same amount. Even then, cash offers are great but at the end of the transaction the bank will get paid wheither by cash or check.

Are you working with an agent or local Realtor? If not, get in touch with one as they can be answering questions you have, like this one.
Best of luck.
Spirit
... more
0 votes 5 answers Share Flag
Mon Apr 11, 2011
Yvette Bordador answered:
Hello Jack

Excellent question to obtain a glimpse of the history of San Mateo. However, I would caution you on relying too heavily on that specific information when you make your buying decisions. The main reason is that it is not usually very accurate in determining true market value as much of the information depends on the stated square footage, which may not represent the actual usable square footage. Assessor's information is often not correct as many homes in San Mateo have been expanded and/or added onto over the years.

The other issue is that San Mateo is a large city that incorporates many different and diverse neighborhoods. So, when you search using an annual avg. sq ft. calculation, this number can vary greatly depending on which neighborhood(s) and/or zip codes that you are most interested in. If you have a specific area that you wish to research, feel free and shoot me an email with those details and I can send you a history of that particular neighborhood.

Happy hunting!
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0 votes 9 answers Share Flag
Fri Dec 17, 2010
Brandon Denman answered:
Hi Oliver,

Your situation is very common. When a couple has their first child, they tend to want to get out of a rental and into a home (or condo/TH) that they own. It is beneficial for tax purposes, but also to provide a stable and safe environment for a child. In your price range, you would be able to find a nice condo or townhome that would fit your needs as well as put you in a good area in terms of school for your child.

If you really want to eventually buy a house rather than be in a condo or townhome, then you might want to think about buying a house now and possibly moving later to another home in a better school district if necessary. If you are trying to sell a condo or townhome to move up to a house, it is usually more difficult to sell a condo or townhouse than to sell a single family home. We also won't see the price appreciation in the real estate market that we saw in the past. Prices will still appreciate, but at a more realistic 2-3% per year rather than the double digit increases we saw during the housing bubble. Also, houses usually will appreciate quicker than condos or townhomes.

Feel free to contact me if you wish to discuss in more detail or have any questions. Congratulations on your first child (always a very fun and exciting time - Enjoy!) .

Sincerely.

Brandon Denman - Realtor, CDPE
DRE # 01378663
Pacific Coast Real Estate
brandondenman@comcast.net http://www.mypeninsulahome.com
650-303-0880 650-303-0880 cell
650-560-6142 e-fax
... more
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