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Santa Clara : Real Estate Advice

  • All304
  • Local Info24
  • Home Buying165
  • Home Selling11
  • Market Conditions8

Activity 252
Mon Sep 30, 2013
Gregorio Denny answered:
There are some 700 to 900 sq ft condos that might fit, but 95051 is not the place to bee looking with your salary range otherwise.
0 votes 15 answers Share Flag
Mon May 20, 2013
Terri Vellios answered:
And that really is the answer. Which one fits you better? Some buyers are willing to compromise on commute for better schools, while others it's not as important.

Condos generally do not appreciate as quickly as town homes and single family homes. Also, the lending restrictions on condos change with market. in the event a condo exercises their builder warranty timeline and files for possible defects, then the community would end up in litigation. With a typical 10 year builders warranty this could happen in year 7 to 9. It doesn't mean it will happen, it is something to be aware of. ... more
0 votes 7 answers Share Flag
Wed Apr 25, 2012
Terri Vellios answered:
If you have an agent that is there job to assist you with determining value.

To answer a general question, yes, anytime your location has negative factors it will affect the value. In a slow market it affects it greater in a warmer market such as we are having now more buyers will be open to the negatives, but they will put a discount on it. ... more
0 votes 8 answers Share Flag
Mon Jun 25, 2012
Terri Vellios answered:
This is what a real estate is paid to do for you. What does your agent say?
0 votes 7 answers Share Flag
Mon Apr 16, 2012
Thomas Feng answered:
Priya, in my professional opinion the value should appreciate in the coming years but not by too much because new construction properties start at higher price points. Also, when all conditions are held constant, townhome/condos always appreciate slower than single family homes. The economy and the area are picking up though so I'd say in 7-8 years the whole area should be brought up and that will increase the appreciation of it's value.

Having a unit that is closer to the street vs being tucked into the complex will decrease its selling price but that does not have much to do with its appreciation because you likely will be buying it for less than the price of an interior unit.

Please check out my blog post on the common pitfalls home buyers fall into when buying new construction homes http://bayareaconnect.com/how-to-buy-new-construction-homes-thomasfeng-bayareaconnect/

Please give me a call at (408) 840-3852 or shoot me an email at Thomas.Feng@gmail.com to further discuss other things to look out for in new construction homes.
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0 votes 8 answers Share Flag
Thu May 3, 2012
Thomas Feng answered:
Ankit, in my professional opinion the value should appreciate in the coming years but not by too much because new construction properties start at higher price points. Also, when all conditions are held constant, townhome/condos always appreciate slower than single family homes. The economy and the area are picking up though so I'd say in 10 years the whole area should be brought up and that will increase the appreciation of it's value.

If you are interested in the safety of the area I recommend you check out http://crimereports.com for more information.

Please check out my blog post on the common pitfalls home buyers fall into when buying new construction homes http://bayareaconnect.com/how-to-buy-new-construction-homes-thomasfeng-bayareaconnect/

Please give me a call at (408) 840-3852 or shoot me an email at Thomas.Feng@gmail.com to further discuss other things to look out for in new construction homes.
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0 votes 3 answers Share Flag
Wed Mar 28, 2012
Tim Moore answered:
I avoid pre occupancy with a passion, but normally that is from a seller's agents point of view. It sounds like the sellers are bending over to help you out. Your rent should be the amount you would be paying to the mortgage lender as a payment each month until you do close (which is what we here call it). ... more
0 votes 1 answer Share Flag
Tue Mar 27, 2012
Terri Vellios answered:
The most recent sale for one that size was in 2010 and it's net close was at $915,000. Smaller homes in the 1500+ sq. ft. are selling in the mid $700,000 s.

I wish I could forecast the future, but all I can do is rely on what is happening today. Inventory is low and so are interest rates this is fueling the market. What happens today affects the future pricing. So if we are seeing multiple offers and homes selling above asking then we may expect some appreciation. Anything can happen in two years.

All the best to you.
... more
0 votes 2 answers Share Flag
Sat Apr 7, 2012
Ryan Smith answered:
HI MPK,

They do this for several reasons:
1) There lender knows the project, the comps, and the situation with that development.
2) They can make sure you a qualified buyer. Just because buyers have a pre-qual doesn't always mean they are properly qualified and may fall out of escrow during the process.
3) The developer has more control of the transaction and when your going to close
4) The developer may have a joint venture with the lender where some sort of compensation is paid back the the developer.

Bottom line is as long as the developers lender is competitive with other lenders you have shopped you should be fine using their preferred lender. Just make sure you have a good realtor representing you and your interests.
Good Luck!
... more
0 votes 14 answers Share Flag
Wed Feb 29, 2012
Jeremy Lehman answered:
Who are you asking this question to? You may have been looking at a specific property. You'll need to go back and find that listing and talk directly to the agent.
0 votes 1 answer Share Flag
Fri Feb 17, 2012
Mark Burns answered:
It is hard to determine what real numbers you are dealing with. If the value of the house exceeds the first and your second; you may want to take whatever steps are necessary to keep your interest in the property whole. It is definitely an issue for an attorney who specializes in real estate and particularly in foreclosures.

If the first is $40K and the house is in Sunnyvale or Santa Clara, it seems clear to me that you ought to buy the first.

To answer your question: If the first forecloses, you will most likely be wiped out. See an attorney. The rest of the options put forth by the first lender sound self serving.

Mark Burns, Realtor
Coldwell Banker Elite - Top 2% Worldwide
DRE #00896552 Licensed since 1985
Over 600 Homes Sold in Silicon Valley
... more
0 votes 3 answers Share Flag
Sat Mar 3, 2012
Joe Nernberg answered:
Disconnecting and reconnecting the faucet and drain piping? Needs a permit. I see Frankenstein-like plumbing under sinks every week. Mostly, your renovations seem like things I would not get permitted. Not my advice really - just my opinion.

Short list of things requiring a permit in California: new dual pane windows, furnace replacement, water heater replacement, re-roof, ceiling fan, cooling unit replacement, new electrical panel, kitchen remodel, bathroom remodel, patio cover, framing alterations.

Permits trigger the installation of smoke and carbon monoxide alarms. HVAC replacement (full or partial) triggers duct testing and sealing/repairs. Pre 1978 homes need a lead certification and remediation when you manipulate and sand walls or floors.

New work on old homes require new (today's) code compliance.
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0 votes 4 answers Share Flag
Fri Feb 17, 2012
Suzanne MacDowell answered:
You need to ask that question of an attorney. In New Jersey changing the locks is something we do whenever we get a new tenant and we do not charge the tenants for the cost (speaking as a landlord here, not an attorney of even a realtor). You might also want to check with your Department of Community Affairs. ... more
0 votes 4 answers Share Flag
Wed Jan 25, 2012
Michael Emery answered:
Did you return all your sets of keys?

You would need to review your lease to determine what charges are considered acceptable.
0 votes 3 answers Share Flag
Tue Jan 31, 2012
Marie Souza Team answered:
Mike - Many people here use California Closets to do such work. Try calling or emailing a top agent in your area (or a few) and ask them directly.
0 votes 3 answers Share Flag
Sat Mar 3, 2012
Thomas Feng answered:
Resale value is always a question for home buyers. In terms of townhomes the biggest thing going against them is that when you plan on selling, there isn't much differentiating you from your neighbor who may also be selling their home.

If you are interested in new construction homes check out my first time home buyer blog post on the Pitfalls of buying New Construction http://bayareaconnect.com/how-to-buy-new-construction-homes-thomasfeng-bayareaconnect/.

I also feature real estate news for first time home buyers and weekly photos of new listings under $700,000 in Sunnyvale, Santa Clara, Cupertino, Saratoga, Campbell, and Los Gatos.

As for sex offenders that is totally up to you, a lot of the offenses are sometimes very small so if that is something of interest to you I would look into what the offenses actually were.

Let me know by email or phone if you wanted to discuss the resale value of that location in more depth!
... more
0 votes 7 answers Share Flag
Wed Dec 28, 2011
Terri Vellios answered:
The language is NON REcurring closing cost. Which was probably less than the $1000 or a limit as you discovered by your lender. There are recurring, nonrecurring, repairs, etc. So the language in the addendum is what the lender and escrow company followed.

I suggest you discuss this with your agent's broker. Since I am not a party to your contract I can not advise you.

Good luck.
... more
0 votes 5 answers Share Flag
Thu May 10, 2012
Randy Pereira answered:
Johnscathy,

You need to contact the Title Company, and verify why it has not been released already.
This should be your first step, if you worked with a buyer's agent make them do the leg work to find out.

Hope this helps,

Randy Pereira
ULTIMA Real Estate
... more
0 votes 9 answers Share Flag
Mon May 20, 2013
Travis Jackson answered:
Hi Jenny, This is Travis Jackson with Century 21 M & M Associates. I did some research on your question and found that the average decibel level is 65 and can peak at 90. You can see the map on this link, http://stadiumfigures.blogspot.com Here is another website which you can see decibel levels around the airport. http://webtrak.bksv.com/sjc

Are you currently working with a buyers agent? Please give me a Call at 316-5954 or email Tjackson@c21mm.com

I can help you with all your real estate needs!!!

Travis Jackson
Reator
Century 21 M & M Associates
(408) 316-5954
Tjackson@c21mm.com
... more
0 votes 8 answers Share Flag
Tue Dec 13, 2011
Pacita Dimacali answered:
If you really want to do this yourself, believe it or not, you'll find all kinds of good information on youtube. Here's a link to several choices

http://www.youtube.com/results?search_query=how+to+paint+a+house&aq=f

Everytime I have a question or a problem, I check to see if there's anything on youtube that can help. I've used it to learn how to do so many things....my nephew learned and then mastered the yoyo by watching you tube.

Check it out!
... more
0 votes 10 answers Share Flag
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