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Home Buying in Santa Clara : Real Estate Advice

  • All307
  • Local Info24
  • Home Buying168
  • Home Selling11
  • Market Conditions8

Activity 178
Thu Jun 25, 2009
Jacob Varghese answered:
No way!! It is always the lower value, that will be taken into consideration.

However, when you refinance the appraised value will be the bench mark, not what you paid when you bought the house. ... more
0 votes 2 answers Share Flag
Fri Aug 7, 2009
Glen Mitchell answered:
Try the different school district sites and then call as well to verify. Here is a link to Santa Clara Unified School district and pdf file of street names and their proper schools.

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0 votes 6 answers Share Flag
Thu Jun 18, 2009
The Medford Team answered:

I understand that you may be frustrated, but in order to sue you will have to prove that the listing agent willfully withheld information from you and/or was deliberately deceptive. It sounds to me like they provided correct information when the cable was included, and then removed it when it no longer applied. You may not have been informed about the change, but it doesn’t sound like it was a deliberate attempt to deceive. ... more
0 votes 8 answers Share Flag
Mon Jun 15, 2009
Donald Hutchison answered:
I think you are referring to the new home on Monroe for 699k. The home is very nice, is brand new so it qualifies for the $10,000 tax credit. it is in a great location with no air traffic or train noise that rivermark has.

At this point I would go with the new home on Monroe, it will appreciate faster as it is underpriced, Rivermark is a nice and sought after area as well.

If I can provide any additional information, please give me a call or e-mail,


Donald Hutchison
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Fri Mar 6, 2015
Jacob Varghese answered:
From my understanding of the security systems you need only one key pad. The best bet would be to call the company to find out.
0 votes 5 answers Share Flag
Tue Jun 16, 2009
Norman Alessandrini Warren Weston answered:
Hi Mia,
I have helped my clients purchase summerhill homes and I believe they are a good buy, they have good schools, easy highway access. The only problem I see is that the units still available are backed up to highway 85 so there may be a noise problem for you if that bothers you.( which will effect your resale value as well). But the homes themselfs are very nice and for the right price are very doable even backed up to the highway.
If you have any additional questions or would like assistance with your purchase, feel free to contact me.

DRE# 01397256
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0 votes 2 answers Share Flag
Sat Jun 6, 2009
Jacob Varghese answered:
Will prices go further down? Only time will tell. Also what if the prices goes down and interest rates go up? What if both prices and interest rates go up?

Do you want to buy real estate and get back a portion of my commission? ... more
0 votes 1 answer Share Flag
Sat Sep 26, 2009
Rebekah Owen, Broker answered:

In a perfect world, you would have final approval on the loan before you removed the contingency.
Now the loan is not an "excuse" to pull out of the transaction.

Your deposit is at risk if you do not close the transaction as agreed.

Good Luck

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0 votes 12 answers Share Flag
Mon Jun 1, 2009
John J Dutra answered:
While you can use future earnings to pre-qualify or even pre-approve a loan, lenders will require that the buyer both be on the job and at the very least have their first months pay stub in hand prior to a final approval.

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0 votes 3 answers Share Flag
Mon Sep 7, 2009
Michael Roberts answered:
Sparky, I know I have been late to appointments. Sometimes due to the demands of previous appointments.

I appreciate the fact that you are willing to ask such a profound question here. Have you REALLY shared with him what you need, desire and expect? That is an absolute must for everyone to remember!

If you ask him to provide those for you, you will make huge strides in your search and subsequent purchase. Lockboxes and contracts are important...the escrow process and negotiations are far more demanding than anyone here is willing to spend the time to tell all the horror stories.

I will share a short version of one. Short details and sad ending. This happened to an agent in an office I worked in just a few years ago. .

True Story: A buyer chose a home and bought from this agent. The Seller disclosures were completed properly and the agents did what most do everyday. 20 years prior, a septic tank was covered up and the sewer connected to the city service. Well, the Seller did not know and neither agent "walked the property". The system was not evident. No one really paid any attention. Until the buyer was landscaping. Short end....The cost was nearly $500,000.00 in Legal fees and remedy. Agents have value that is not always evident. There are many more similar cases.

I hope your Realtor appreciates your value as his client and remedies your concerns.

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0 votes 20 answers Share Flag
Wed Apr 5, 2017
Erica Glessing answered:
Some agents are flexible. I recommend you post your e-mail, or pick up a new g-mail or yahoo account for the purpose of the communication and broadcast it.

A strong agent studies year-round and protects interest all the way through. In one of my cases, a seller did not disclose Sec. 1 work that had been identified. Agent gets $6K credit for buyer. In another case, seller left boxes in front of a huge crack in the wall that was discovered 4 days before close of escrow in the final walk through. Agent gets $60K from seller in escrow for repairs; buyer chooses their own vendor; and home closes on time.

If you are comfortable representing yourself through the myriad bumps that are possible, then I recommend you publish your e-mail and see who shows up.

I coach agents and I recommend against flat fee arrangements except for short sale negotiations (then they can be quite fruitful) or situations where buyer and seller have already found each other, agreed on the price, and the process is simplified.

Good luck!!

Erica M Nelson
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0 votes 38 answers Share Flag
Fri May 8, 2009
Dana Schuster answered:
I think it's a fish! My suggestion is that your broker report this to the selling agent's broker. With our purchase agreement in louisiana it is now illegal to cross out,white out or black out anything,but this may not be the case in California. i really think this should be reported. ... more
0 votes 7 answers Share Flag
Mon Apr 20, 2009
The Medford Team answered:

While prices in Rivermark are currently higher than Ardenwood, Ardenwood prices, especially in the Forest Park area are actually seeing increases. This is in contrast to Rivermark. This trend, although down lightly in March, was up for the 4 previous months. However, if you are buying for the schools, be advised that buying in Ardenwood is no guarantee your children will get into the schools right away.
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0 votes 10 answers Share Flag
Tue May 5, 2009
Roland Barcos answered:
Hi Chewy - Man, this is an easy one. You just answered your own question. Have a great day.

0 votes 4 answers Share Flag
Mon Mar 23, 2009
Adrian Huntington answered:
Is it a good time to buy in Santa Clara. Not with the current state of the Silicon Valley Job Market. Home prices will most likely go lower. Yet if you want to get a great rate and plan to actually live in your home it is a great time to buy. Is it a good time to buy in Fremont,Milpitas,Union City, Hayward, absolutely. In some areas home values have dropped below value. Of course home values could drop more. Yet investors are buying property as fast as they can make a deal. When you wait for the bottom, and then buy, you will be overpaying. If you don't feel the time is right, you don't have to buy. None of us has a crystal ball. The most successful investors know to buy on the dip, and we are on the dip. I am sorry you feel that all agents are unethical and only care about their commisions. There are many great agents that are trustworthy. ... more
0 votes 10 answers Share Flag
Sat Mar 21, 2009
#1 Agent answered:
Most people say prices are headed down for another year or so.
0 votes 4 answers Share Flag
Sat Apr 4, 2009
Vinicius Brasil answered:
Hi Rahul,

I can not speculate on the test scores. I can tell you that Don Callejon is a K-8 school. Comparing that school to just k-5 schools would be inaccurate.

The K-5 portion of the school receives its enrollment from Rivermark. The 6-8 portion is feed by the surrounding areas which some are low income.

Other than that I have heard very positive things from that school from clients who own in Rivermark and have children enrolled.
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0 votes 4 answers Share Flag
Fri Apr 9, 2010
Lori Jeltema answered:
Hi Chewy,

I would love to recommend someone in that area. Feel free to email me and I'll send you his information!

Best of luck,

0 votes 12 answers Share Flag
Tue Dec 22, 2009
I do believe now is a great time to buy. There are plenty of graphics to prov it as well. I would be happy to send them over to you.

From the mortgage side which I work now is a great time to buy. Rates are incredibly low and values are bottomed in most areas. In addition there is verbiage in the stimulus package as well that would benefit home buyers.

I do have great agent in that area as well if you would like a recommendation.
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0 votes 18 answers Share Flag
Fri Jan 30, 2009
Vinicius Brasil answered:
Right now at $450 there are about 20 bank owned homes in Santa Clara, most are in poor location and would be more suited for investment properties. However, right now the best deal in Santa Clara that I am aware of is this home on Machado. Its a 3 bedroom 2 bath home, does need some tlc, but they are asking $399K.
MLS Num: 80904603
Status: Active
City: Santa Clara
Zip: 95051 Bedrooms: 3
Bathrooms: 2
Square Feet: 1078
Lot Size: 0.115acres
Year Built: 1955 List Date: 1/28/2009
Org. List Price: $399,900
List Price: $399,900

As for Rivermark there is a great deal on a 2 bedroom 2.5 bath town home. Tandem Garage Parking but very clean and updated at $524K.

Type: Townhouse
List Price: $524,900
Original Price: $599,900
List Date: 11/25/2008
DOM: 64
CDOM: 64
Original Date: 11/25/2008
Status Change: 11/25/2008
Expiration Date: 2/24/2009
Revision Date: 1/22/2009
Lot Size (Acres): 0.050
Lot Size: 2178.00 SF
SqFt (source): 1437 (Assessor)
Age: 4
Year Built: 2005
Zoning: PD
School District: Santa Clara Unified

If you are interested email me and I will add you to my listing alert that tracks all the great deals, bank owned properties in Santa Clara and Sunnyvale.
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