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Home Buying in San Mateo : Real Estate Advice

  • All200
  • Local Info18
  • Home Buying79
  • Home Selling15
  • Market Conditions3

Activity 81
Tue Jul 2, 2013
Jeff and Sue Kockos answered:
It is very hot! Great location and price for the area! I will even rebate you 1% if you need a realtor to represent you. Feel free to contact me with any questions. 650.430.8587 Jeffrey@JeffreyRealtors.com
I am available to show you the Meadows whenever you have time!.
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0 votes 6 answers Share Flag
Sun Sep 21, 2014
Thierry Abel answered:
Check the first time home buying programs on San Mateo County Department of Housing website http://www.co.sanmateo.ca.us/portal/site/housingdepartment

Cheers
0 votes 6 answers Share Flag
Sun Feb 17, 2013
Victoria Ferrando answered:
Looks intriguing and will help alleviate our inventory shortage we're currently experiencing. We'll be learning moe in a couple of weeks.

Vicki, Intero
0 votes 3 answers Share Flag
Thu Feb 14, 2013
Gregory Grialou answered:
Hello RDV,

That's a good question. Zip codes are zip codes....right? Basically in comes down to the desirability of the area/neighborhood.....or zip code. Yet even within a specific zip code there will be areas/neighborhoods that are more or less expensive. Factors that influence prices in a certain area/neighborhood include: Size,design and quality of original homes and how neighborhood is laid out. Are there parks, schools, shopping, transportation within walking distance or hearby? What type and how nice are the schools, parks, shops, etc? What percentage of properties are rentals? Rental properties are in general not as well kept, therefore a neighborhood might not look as nice if it has a higher percentage of rental homes

An interesting fact: As a general rule of thumb, in San Mateo (and other cities on the Peninsula) there are certain boundary lines that separate neighborhoods, tracts of housing. When you cross one of these "boundaries"....prices go up (or down). The boundary lines I speak of are Hwy 101, El Camino Real and Alameda de las Pulgas. The least expensive homes (generally) are on the East side of Hwy 101. The homes situated west of Hwy 101 and east of El Camino are more expensive than east of Hwy 101. Go west of the El Camino and the homes are generally priced higher......and the same is true with The Alameda.

If you haven't already done it.....drive through the South Shoreview neighborhood (east of Hwy 101)...just cruise the streets. Then drive through the Sunnybrae, Fiesta Gardens neighborhood or San Mateo Village. You'll note a difference in the "feel" of all of these neighborhoods. Look at the streets, the homes and how they're kept. You'll then know why prices are different. I hope this help you!
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0 votes 8 answers Share Flag
Fri Jul 26, 2013
Ron Jensrud answered:
Well with selecting a real estate agent you need to understand there are 2 types of Buyer Agents:

1) Exclusive Buyer Agents - work in a firm that never represents sellers, they only work for and represent buyers on ANY home they want to purchase.

2) Non-exclusive Buyer Agents - work in a firm that ALSO represents sellers. They may only be your buyers agent on homes NOT listed by their brokerage. Any home listed by their brokerage, they become a Dual Agent. When acting as a Dual Agent, they have a limited ability to represent you, they are prohibited from acting exclusively for either party and may not advocate for either party to the detriment f the other.

Your best bet is an Exclusive Buyers Agent, typically there is No additional charge for their service. Contact John Rygiol 949-525-7344.

Tell John, I told you to call him. He's a friend of mine. Send me an email, and I can put you in contact with a lender that will save you a lot of money on your financing.

Ron Jensrud
100% for Home Buyers - 100% of the Time!
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0 votes 12 answers Share Flag
Thu Dec 6, 2012
Ron Thomas answered:
When a Client asks to see SHORTSALES, I caution them about the loooooong time element.
Then, when we submit an Offer, I caution them about the looooooooooong time element.
I am reminded of the kid in the back seat, on a loooooong trip asking; "are we there yet?"
You obviously need to be reminded about the loooooooooooooooooooooong time element!
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0 votes 9 answers Share Flag
Fri Nov 9, 2012
Taj Weldon answered:
Hi Joan,

Your REALTOR should advise you on each house that you are interested in.
There are definitely more buyers than there is inventory on the homes under 400k.Above 400k it gets easier to make an acceptable offer an obtain acceptance.
Foreclosures and Regular Sales are very similar when it comes to pricing and offering strategies.

My advice is to our your best foot forward when making an offer in this market .

Because of the amount of offers that properties ate receiving , you may not get a second chance to come in with your best offer


Taj Weldon
REALTOR
209-749-4176
DRE 01816152
Tywelldone@gmail.com
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0 votes 16 answers Share Flag
Wed Apr 24, 2013
David Gowans answered:
Jessica. That's a call only you can make. I recommend having an agent CMA your house, look at recent comparable sales and determine a likely sale price for your home. From that information, you should be able to decide whether it's right to hold the property and manage rentals, or sell it and wash your hands of the property.

Once you establish the likely result of a sale and a rental, It's really all about what works for your current personal situation.
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0 votes 12 answers Share Flag
Thu Dec 6, 2012
Michael Chalhoub answered:
Hello, the debt/payment of the investment property is counted agaist you you when applying for a new loan. However, if you have owned the property for over 2 yrs, and have reported it as a rental property on your tax returns for 2 yrs, then your new lender will allow you to offset the monthly payment by your rental income. In your case it will be a wash. Call me if you want to see some condos.

Regards

Michael Chalhoub
Dolphin Real Estate
1700 S. El Camino Real #200
San Mateo Ca 94402
650.465.9036 direct
Chalhoubmike@hotmail.com
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0 votes 4 answers Share Flag
Sun Jul 29, 2012
David Gowans answered:
Sounds like Belmont or San Carlos would be most appropriate. They are immediately south of San Mateo. No more than 20 minute drive in the worst traffic. 5 minutes in good traffic. I'd be happy to help if you'd like to contact me through my profile.

Happy hunting!
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0 votes 5 answers Share Flag
Fri Nov 9, 2012
Zoey Tolu answered:
Hi Joel,

First of all I need to understand your question. As to what your needs are? Are you looking to relocate to San Mateo, because of better school districts, better business opportunities, better weather, larger community, centrally located to either Santa Clara County (Silicon Valley), San Francisco, San Mateo Bridge (East Bay Access). Oh, by the way we already have a Burlingame Avenue and tons of restaurants, movie theaters, artists, etc… Also we are very close to major Shopping centers (Hillsdale, Stanford, Tanforan). Yes Brisbane has a high number of Techies and Bio Techies living around there but I can tell you that every time I do an open house around San Mateo, Burlingame, Hillsborough, Foster City, Millbrae, I always see those Techies wanting to move more toward the South. I wonder why??? If you need me to send you some listings in the San Mateo Area please do not hesitate to contact me at zoey.tolu@gobhg.com or Cell (650) 619-3379.
I hope this is answering your question.
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0 votes 2 answers Share Flag
Sat Jul 14, 2012
Ron Thomas answered:
I have never spoken to an Appraiser about it, but, yes, Clients seem to "dis" the flat-tops:
There no snow in San Mateo; it just seems to be their opinion.
I can just imagine that an Appraiser would gravitate toward other Eichlers for Comp's,
which means that it might be a little hard to do Comp's on one.

If you don't care, and you plan on living there a long time; I would suggest not worrying about the discount on an Eichler. Do what feels good to you.
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0 votes 4 answers Share Flag
Tue Oct 23, 2012
John Juarez answered:
I have not heard of this happening. Typically, in California, the assessed price for tax purposes is the sale price. I can imagine that the assessor might give a second look to properties that sell for below market value for some reason but I don’t think short as a class can be considered to be sold under market value.

My most current short sale listing has received 11 offers and will sell for a new high price in that complex in this market.

I will check back to see what others have to say.
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0 votes 6 answers Share Flag
Sun Jul 8, 2012
Michael Kaprielian answered:
Hi Brian,
My understanding is that the Bank can foreclose on the property at any time up to the Recording date.
Now that being said if the Owner's of the property have applied for one of the Short sale programs like the Home Affordable Foreclosure Alternatives (HAFA) Program, once the Bank(s) agree to this program then the foreclosure process must be halted.

But remember the Banks must agree(in writing) to this and the Listing Agent that represents the sellers should have this information.

Always the Best,
Michael
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0 votes 6 answers Share Flag
Mon May 28, 2012
David Gowans answered:
Hi Frank. I've got just the place for you. Large home, excellent condition, 11,000sqft lot, view of the city, 2 master suites, 4br plus extra rooms, listed just under $1.3m. Contact me through my profile and I'll make arrangement for you to see it. ... more
0 votes 6 answers Share Flag
Wed May 30, 2012
Jonathan Y. Lee answered:
Welcome to California Frank!

Well....based on where you are coming from, I imagine that you would prefer the warmer climate. So, you best bet is staying in between Millbrae to Redwood City given your specified price range. Let me know what else you would like to find in your next home and I would be glad to assist in your relocation.

Call me anytime at 650-619-9255.
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0 votes 13 answers Share Flag
Mon Apr 23, 2012
val krysov answered:
Hi Dan,
I would be happy to help you!
Here is the list of available properies in San Mateo as of today - April, 21.
3bed/2bath, 1500sqft and in the price range you've mentioned

http://listings.realtyfinancial.com/idx/7075/results.php?stp=advanced&idxID=108&pt=sfr&city%5B%5D=41273&showField=cityField&lp=200000&hp=1000000&bd=3&ba=2&srt=DESC&sqFt=1500&start=0&per=10

you can call me at 415-385-8949 or email to info@realtyfinancial.com
regards
Val
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0 votes 12 answers Share Flag
Sat Apr 21, 2012
Taj Weldon answered:
Hello Dan,
I am an REALTOR, CDPE whom services the San Mateo area.
I know the area well and as a Certified Distressed Property Expert Foreclosures, Foreclosure Prevention and Short Sale are my specialty.

Are there any questions that I can assist you with?
I am here to help, please feel free to call or email me with any questions or concerns.

Thanks!
Taj Weldon
650-762-8804_Serving San Mateo, San Carlos, San Francisco
Tajweldon@connectrealty.com
DRE 01816152
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0 votes 5 answers Share Flag
Mon Sep 22, 2014
Tim Moore answered:
One problem with some internet sites is that agents can buy exposure, like here. An agent who pays big bucks can get their picture and name next to all listed homes in a certain area or zip code or town and they likely won't be the listing agent. Contacting any agent in the area of the home can usually get the answers you want to know, like number of bedrooms, size, age, etc. If you are looking for what the seller will accept or why are they selling or what did they pay for the house, then even finding the listing agent might not get those answered.

I have noticed that here on Trulia a property might have 3 agents listed next to it and there will often be one that says listing or listing agent next to one of them. This only works if the agent is registered here, if they aren't their contact info won't be available.

Try Realtor.com and see what it tells you.
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0 votes 10 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
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0 votes 8 answers Share Flag
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