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Market Conditions in Santa Clara County : Real Estate Advice

  • All145
  • Local Info5
  • Home Buying93
  • Home Selling7
  • Market Conditions6

Activity 179
Wed Aug 27, 2014
The Medford Team answered:
I’ve never heard of single case where a homeowner managed to do it on their own. However, there are a few reputable companies out there – we’ve actually seen so very successful mods. You have to be SO careful about who your choose – as you’ve seen, there are SO many scams out there. ... more
0 votes 5 answers Share Flag
Wed Jun 11, 2014
charles butterfield answered:
Thank you for your question:

I have several clients who live in that neighborhood. My clients are very happy with the neighborhood. The prices are relatively low for a property in that neighborhood.

The best way for you to tell if this is a neighborhood that you would like, I recommend that you go out and knock on some doors in the neighborhood and ask the neighbors how they like that neighborhood. That is the best way to tell if this is a neighborhood that you would like.

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
American Realty
Cell Phone: (408)509-6218
Fax: (408)269-3597
Email Address: charlesbutterfieldbkr@yahoo.com
DRE#00901872
.
... more
0 votes 8 answers Share Flag
Mon Sep 24, 2012
charles butterfield answered:
Thank you for your question:

The neighborhood is mixed with families of all ages.

The best way to tell if this neighborhood is what your are looking for, I recommend that you knock on a few doors in the neighorhood, and tell people that you are considering a move to that neighborhood and ask people for their opinion about the neighborhood.

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
American Realty
Cell Phone: (408)509-6218
Fax: (408)269-3597
Email Address: charlesbutterfieldbkr@yahoo.com
DRE#00901872
.
... more
0 votes 3 answers Share Flag
Thu Dec 8, 2016
Grace Hanamoto answered:
Hi Mmpp and thanks for your question.

To be frank, there is no such thing as a list of "all the HOAs" in San Jose, that's because, homeowners associations are corporations that sometimes have the name of the community as their HOA name and sometimes they don't. HOAs are also "C" corporations, and there is no category within the Secretary of State's office that separates corporation by profession or type or location. There are literally hundreds of, if not over a thousand, HOAs in San Jose alone, and you'd need to dig quite a lot to find them all.

I guess a better question to ask if WHY you would want such a voluminous list of HOAs, and what you intend to do with the information once you have it. If you're looking to solicit to HOA boards and their members, then contact the Executive Council of Home Owners (ECHO) in San Jose for pricing to advertise through their newsletter. Otherwise, you'll be doing finding HOAs, the old fashioned way, and that's with a lot of footwork and individual review with the Secretary of State's offices.

Good luck!!

Sincerely,
Grace Morioka
Area Pro Realty-People's Choice
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0 votes 7 answers Share Flag
Thu Jul 26, 2012
Gabriel Nguyen answered:
You can check with Santa Clara County Assessor Office https://www.sccassessor.org OR you can email me the address and I will search for you, we will provide the history of the property in case you wanted to know.

Gabriel Nguyen
1-STOP Realty Group, Inc.
900 E. Hamilton Ave. #100
Campbell, CA 95008
DRE#01463101
(408)426-1441
http://www.4reohomes.us
... more
0 votes 10 answers Share Flag
Sun Jul 8, 2012
Norman Alessandrini Warren Weston answered:
Hi,
I don't really see a question here, just a statement. If what you say is true then It looks like the garage was converted and used as a bedroom, so if you were looking to purchase this home you would have to compare comparable sized homes and lots minus a gararge.
Feel free to contact me with any questions.
At your service,
Allyson
408-705-6578
allyson@homesbyallyson.com
Certified Distressed Property Expert
... more
0 votes 8 answers Share Flag
Sat Apr 30, 2016
Marcy Moyer answered:
When active sales exceed pending sales by more than a 2/1 ration it is leaning towards a buyer's market. When the ratio is one to one it is a strong seller's market. When it is 1/10 or more it has gone into the ridiculous state. ... more
0 votes 14 answers Share Flag
Tue Jun 19, 2012
John Souerbry answered:
Most multi-family transactions in this part of the Valley don't make it to the MLS, LoopNet, or other public markets, so it's always hard to tell just what the inventory is. Most sales are arranged either between an owner and a pre-seleced buyer or by brokers as pocket listings. There are always many more buyers than sellers and every broker has a list of buyers who are ready to pay cash for a good property before it goes on the market.
That said, inventory is low right now because rents are strong and sellers want to enjoy healthy rents for awhile rather than selling.
Many multi-family buyers are just looking for properties they want and making an unsolicited offers.
... more
0 votes 3 answers Share Flag
Mon Nov 19, 2012
Elena Talis answered:
Hi Mindy,

The inventory is a bit higher but it is consistent with the seasonal fluctuations - see charts at http://paloaltocal.com/palo-alto-real-estate-market-action-report-ma. What I see is that the prices have stabilized and are not rising like a run-away balloon. Well priced homes still receive multiple offers and, in a lot of cases, well above the asking price. Keep in mind that crazy offer counts a usually triggered by artificially low listing prices

I actually put a house on the market the day before Facebook went public. It sold in 5 days and closed in 3 weeks - very strong buyers. My husband wrote an article about our experience with this house on Palo Alto Patch - http://paloalto.patch.com/blog_posts/day-trading-real-estate.
... more
0 votes 3 answers Share Flag
Thu Jun 28, 2012
charles butterfield answered:
Thank you for your question, Vernie:

The market has become a seller's market in the past few months. We are having multiple offers with overbids on many of the properties.

The economy in the Silicon Valley has improved considerably. Many employers are hiring again.

Rents are rising rapidly and I expect that those rents will continue to rise. The result is that owning a home is becoming far more attractive financially than renting.

Interest rates are very low. With a fixed interest rate loan of 30 years, your costs of owning a home are fixed, while rents will continue to rise.

The available land for building is built out. There are few opportunites for builders to build new homes.

I recommend that if you have stable employment and can afford to buy a home, now is the time to do so. Home prices are still artificially depressed due to the foreclosure crisis. The price that you pay for a home today is far less than you will pay in the future.

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
American Realty
Cell Phone: (408)509-6218
Fax: (408)269-3597
Email Address: charlesbutterfieldbkr@yahoo.com
DRE#00901872
... more
0 votes 6 answers Share Flag
Tue Mar 20, 2012
Pat Chadwell answered:
Yes. With the small number of listings in the valley, businesses going IPO, consumer confidence rising prices are going up. Multiple offers are getting to be the norm, especially the low end priced homes and homes going up the penisula.

Pat Chadwell, broker
Realty World - Residential Specialists
408-927-6565 x 11
http://www.patchadwell.com

CRS, SRES, CDPE, CIAS, ePro, SFR
... more
0 votes 13 answers Share Flag
Sat Feb 4, 2012
Shirley Cheng answered:
That is a little odd since there is not much listings out there. I like to advise my buyers that the purchasing price will be close to the listing price. Although, you can always submit a offer below asking price and see if there will be a counteroffer or acceptance. ... more
0 votes 6 answers Share Flag
Sun Dec 22, 2013
Grace Hanamoto answered:
Hi Ng:

Unfortunately, rents are on the rise in Santa Clara County. As more and more families move to this county for available jobs (and also because the inventory of available homes for sale is currently quite low), homes and apartments for rent have seen an increase in demand.

Without working with a Realtor, your best bet to finding comparable rental rates in your area is to check the newspapers and rent.com to see what rent is being charged for comparable housing near where you're currently living.

Although I know you're not enamored with the increased rent being offered by the landlord or management company, keep in mind that, if you've been a good tenant, their increase is likely to be a little less than market so that they can retain you as a leasee.

Good luck!!
... more
0 votes 12 answers Share Flag
Sun Mar 4, 2012
Kendrick Kwan answered:
Hi Nancy,

In Mountain View, for a single family home under $600K with pretty good schools, you're most likely going to be looking in the area east of Central Expy, north of Whisman Rd, South of San Antonio Rd and West of W. Middlefield Rd. Currently, there isn't much inventory there now but I can help keep an eye out for you. But I can send you some past sold properties to give you a feel of what you can get for the price and can also send you a link to school API scores. Unfortunately Palo Alto will be nearly impossible to find something in that price range. Send me your contact and we can talk more about it. My email is kkwan@kendrickkwan.com. Talk to you soon!

Kendrick
... more
0 votes 6 answers Share Flag
Wed Apr 11, 2012
Jeanne (Genie) Barfield answered:
You do not have to go too far to find out some information:
http://www.trulia.com/real_estate/San_Jose-California/market-trends/
This is as good as information you are going to get. It is all speculations.
If you go to the green navigation bar at the top of the Trulia site you can
look at the local info for San Jose.
If you are a seller and do not have to move, your best bet is to wait. Just
remember it will not get better over night.
I can't remember a mess like we have now in my past 28 years as a Realtor.
... more
0 votes 48 answers Share Flag
Sun Jan 6, 2013
Don Tepper answered:
No one really is going to have a definitive answer for that. At best, it'll be a guess.

And two other quick thoughts: If you're considering buying, buy the house the works for you at a good price. Let's say, for instance, that there's a house in Gilroy listed for $300,000. The comps say it's worth $300,000. There's a house in Hollister listed for $290,000. The comps say it's worth $350,000. The one in Gilroy is a fair value, but the one in Hollister is a real bargain. It's likely that in 3 years the one in Hollister (fair market value) will be worth more than the one in Gilroy.

Second quick thought: In today's market, don't even consider buying if you think you're going to be selling in 3 years. It might work out OK. But even in a reasonably good market, 3 years is a very short time frame in which to buy and then sell. In today's market, it could be disastrous.

Hope that helps.
... more
0 votes 10 answers Share Flag
Wed Jul 20, 2011
Terri Vellios answered:
That each area, each, home is unique as are the buyers and sellers. If people only purchased homes as investments your analysis on certain properties appears sound. However, the American dream of home ownership takes over and as the credit card commercial quotes "Priceless".

Only you can determine if home ownership makes sense for you. Work with a trusted Realtor to get the information you need on each property you are considering for purchase.

All the best to you.
... more
0 votes 9 answers Share Flag
Fri Jul 29, 2011
Tom Cao answered:
Assuming nothing is to be done to the existing home. You would want to budget between $130k to $140k for lower end finish. Around $150K to $170k for medium quality.
0 votes 5 answers Share Flag
Thu Aug 11, 2011
April Tavares answered:
Cupertino pricing is pretty stable if you are hoping to purchase a property within the Cupertino School District. Take a look at the attached link which feeds directly from our local MLS. My site will help you see pricing trends in Cupertino as well as other Santa Clara County city and towns.

http://april.rereport.com/market_reports

All the best,
April Tavares, GRI, ASP
REALTOR, DRE License #01742179
... more
0 votes 8 answers Share Flag
Fri Oct 19, 2012
Irene Jacobson answered:
Joseph is very right. San Jose is a very large city and there are many diverse neighborhoods that have different market conditions depending on a number of factors like schools. Let us know what specific area you are interested in and we can give you more infomation.
Regards,
Irene
... more
0 votes 11 answers Share Flag
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