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Home Buying in San Mateo County : Real Estate Advice

  • All61
  • Local Info4
  • Home Buying22
  • Home Selling2
  • Market Conditions4

Activity 394
Tue Aug 21, 2012
Geoffrey Nelson answered:
Hi:
I would look forward to assisting you. I have recently sold a home on Costa Rica, as well as one of the all-time high sales for Burlingame Park.
0 votes 4 answers Share Flag
Sun Aug 26, 2012
Mossbeach94037 answered:
$1030 per month. No utilities are included.
0 votes 1 answer Share Flag
Thu Jan 9, 2014
Anjanette Mazey answered:
also, just to mention, since that time everything has been paid on time. nothing is currently in collections and any closed accounts have either been paid off or are in good standing paid on time. i always pay more than the minimum.
in addition, we have $85k cash to put toward a down payment.
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Wed Sep 19, 2012
David Tapper answered:
You are out of contract and I think it would be best if your agent wrote an addendum and extended the close of escrow. This should have been done prior to going out of contract.

The thing with short sales is sometimes there is no rhyme or reason, they ( the lenders) work with their own set of rules, so to say it's no big deal is foolish.

Good luck,

Tap
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Tue Aug 7, 2012
Jeff Tepermeyster answered:
Hi Kelly,
It's very difficult; however some properties in Short Sale (a long wait), or REO (bank owned) status are available. I made a search in the MLS and found about 6 properties which may attract your attention. I can provide you with further information upon request. Thank you.

Jeff tepermeyster, RE Broker
415-722-6249
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Tue Jul 31, 2012
David Tapper answered:
Hi sccbuy, I don't know what numbers you are referring to, but if you combine both the East and West side, the numbers will be pretty low. By referring to the East side, I'm talking about East of 101.

The reason for this are the foreclosures and short sales. Here is a scenario, Let's say there were 20 homes sold in a particular month and 12 were short sales and foreclosures, with the rest normal home sales, the medium price is going to be way down.

Like I said, I don't know what numbers you are looking at, but I would adivse you break them down in areas or neighborhoods rather than cities.

Best,

Tap
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Sun Jul 29, 2012
Fiona Santos answered:
Hello! That means an offer has been accepted by the seller but contingencies such as appraisal, loan and inspections have not been removed yet but most commonly, this is the status for short sale listings that have an offer submitted to the short sale lender but has not been approved yet. It also means the seller may still allow other potential buyers to view the property. Hope this helps! ... more
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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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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
Tue Oct 1, 2013
colin mclaughlin answered:
Despite being so well located Brisbane is relatively unknown to many in the bay area.
the Visitacion side(west side of 101) is very nice. I think many associate Brisbane with the the big office buildings on the east side of 101. The community of Brisbane has a great feel! ... more
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Sat Aug 18, 2012
Alison Hillman answered:
Hey thre,

Good question. Check out our commute map to learn about what traffic is like in the Bay Area:

http://www.trulia.com/local#commute/san-francisco-ca

Hope that helps,
Ali, Community Manager ... more
0 votes 3 answers Share Flag
Sun Sep 23, 2012
Sue Vaterlaus answered:
That is so strange because yes an investor purchased it and I know the tenant has moved but the company who is selling it has done nothing. Last time I called them I was told they had no idea what the price was or even the bedroom and bath count ( I know that!.) ... more
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Fri Oct 26, 2012
The Stephen FitzMaurice Team answered:
Don't buy a homeowner special! Irregular homes always have a difficult time re-selling. Find a traditional home in a good neighborhood.
0 votes 6 answers Share Flag
Mon Jul 16, 2012
Rafael Castro Jr answered:
Try the website www.airbnb.com and put in the search criteria for the city. For example, if you put in the criteria Redwood City, CA and the dates you are requesting, you will get 49 results. They range from private rooms to the entire house. For an entire room/apt, you will get 5 results. It will have reviews of previous renters and their experience with the owners, cleanliness, etc.
Rafael Castro Jr
RE/MAX Star Properties
www.RedwoodCityRealEstateSearch.com
... more
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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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Mon Jul 22, 2013
Ron Thomas answered:
Here we can do 2 tours;
at our weekly meeting, we schedule a group of Listing to be show on CARAVAN, with the information and a map to all the homes.
Also, your Realtor can schedule a Broker's Open House which is unique to your house: Usually scheduled during the week, Tuesday thru Thursday, afternoon or early evening; with drinks and snacks. or maybe even a catered buffet.
Talk to your Realtor. You cannot do either of these without having a Realtor!
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Mon Jul 9, 2012
David Tapper answered:
It's very seldom you will find a rent to own, it's actually a lease to purchase option. What you should do is consult a mortgage professional and find out if you qualify for a loan.


There are programs out there like FHA for as little as 3.5% down or conventional financing for 5% down.

If you need a referral, feel free to ask.

Cheers.

Tap
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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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Tue Aug 21, 2012
Centermac Realty answered:
I'm not aware of laws that say you can't do another short sale if you had done one previously.

It would really depend on the circumstances. There are governmental programs that only limit the applications to certain types of loans and only those that originated before certain year. But as far as the traditional short sale that doesn't give the borrower any incentives for relocation, banks offer them on a case by case basis. In any case, he is required to demonstrate hardship by way of a letter.

I will be happy to speak to him to see if he qualifies.

www.kennytanlawblog.com
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