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Santa Cruz : Real Estate Advice

  • All164
  • Local Info11
  • Home Buying44
  • Home Selling5
  • Market Conditions10

Activity 59
Tue Feb 10, 2015
Alex Pereira and Secure Realty answered:
if you read the contract most include draperies. Draperies technically are considered bolted down (because the curtain rod is) and as such come with the home unless specifically excluded. ... more
0 votes 14 answers Share Flag
Fri Mar 6, 2015
Sinead McAllister answered:
You are responsible to disclose all that you know about. If you didn't know about it, then it would be impossible for you to disclose...
0 votes 12 answers Share Flag
Thu Apr 26, 2012
Russell Cosolito answered:
First Question I have for you is, Did you use a Realtor to assist you in locating this rental? If so he/she should have done some research on finding out if the landlord is current or behind on his mortage ! With all of the delinquent mortgages out there you have to make sure you seek out help from a Licensed Real Estate professional to make sure you are not put into a situation such as this. With that being said do you have a Contract in place? If so you have renters rights, check your state laws ( In most states if a contract to lease is in place before the subject property gets foreclosed on the new owners must honor and carry out the terms of the lease). However, just because the owner is behind on his mortgage doesnt give you the abilitly or right to stop paying rent. You have to remember he is still the deeded owner until the bank takes possession, if it gets to that point. Thus you still are obligated to pay rent until the term of your lease is up. ... more
0 votes 6 answers Share Flag
Sun Mar 25, 2012
Terri Vellios answered:
If you are 55 or over Montevalle in Scotts Valley has a nice community where you own the land and pay a nominal HOA monthly fee.

There are also a few coops.
0 votes 2 answers Share Flag
Tue Apr 9, 2013
Dallas Texas answered:
GREAT PLAN, best determine what you can qualify purchase then work from that point

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
... more
0 votes 11 answers Share Flag
Sun Mar 13, 2011
Millou Rose answered:
I use craigslist.com to advertise my rentals and to locate up to the minute info on available places for rent.

Millou Rose,
Bailey Properties
0 votes 5 answers Share Flag
Sun Dec 12, 2010
Lonna Berry answered:
Hi Carol,

I looked at the listing you are speaking of and it says This property is to be placed in an upcoming auction. Pre-Auction bids should be submitted at www.auction.com. All auction properties are subject to a 5% buyer’s premium pursuant to the Auction Terms & Conditions.
I honestly think you are better off to see if it becomes a regular foreclosure/sale. It would be much less risky for you. If you would like any more information on this property, please let me know. Please let me know if there is anything else I can do for you.
Warm Regards,

Lonna
ww.lonnaberry.com
lonnaberry@me.com
831-234-2911
... more
0 votes 2 answers Share Flag
Fri Apr 1, 2011
Ritu Desai answered:
CDPE is a certification course that Realtor can take to certify on short sales and foreclosure prevention.

If you are looking to purchase a home you may want to work with ABR, stand for Accredited Buyer’s Representative.
http://rebac.net/why_use_an_abr.cfm


Good Luck
Ritu Desai
Samson Properties
Associate Broker
ABR, ePRO, EcoBroker
... more
0 votes 4 answers Share Flag
Thu Oct 28, 2010
Terry Ballantyne answered:
Congratulations on the move to the beach! 4 bedroom homes are most abundant in Live Oak as many new homes were built in the last ten years. More good news, they have come down from highs of $800,000+.
There may be some offered in the $400,000 range but they will be scarce. If they are comfortable with using a little elbow grease to spiff up a fixer, they might snap up a deal, especially while rates are still good.

As rates creep up and they will, prices may soften somewhat, but the challenge is that no one knows for sure what the ratio will look like. If competition surges when rates rise, it may diminish the softening effect . So many moving parts to this economy ~you have to think through your choices, goals, timelines, and risk tolerance.

I would be happy to meet with your family and explain the risks and rewards of this market and the pros and cons of buying with low interest, vs rising interest rates and help them arrive at a decision. Then of course, locating a house is the easy part.

Terry Ballantyne Broker Associate Sereno Group RE 831 515 1101
... more
0 votes 4 answers Share Flag
Tue Sep 14, 2010
Glen Mitchell answered:
Some Pros...
stronger demand in the area for rentals.
some people dont like to rent to students so opens up more opportunities for you.
possibly higher rents
summer vacation home for you or possible short term rental if you furnish
retirement home for you
low interest rates

Some Cons..
Possibly no renters during summer
more people living in home may equal more wear and tear
younger people living in home may equal more wear and tear

Email me for a complete list with photos of homes available for sale currently.
glenmitchell@remax.net

Thanks,

Glen Mitchell
Broker
www.coastalrentalslp.com
831-588-8958
... more
0 votes 2 answers Share Flag
Wed Aug 17, 2011
Christopher Lefebvre answered:
List prices on homes for sale are the asking prices by the seller at that particular point in time. The list price could change over time (usually reduces to generate more activity). However, sellers could have their homes over priced for the market.

I recommend that you have a buyer's agent help you determine the approximate value of a home before placing an offer on it to make sure that you are not paying too much for the home based on the current market conditions.
... more
0 votes 4 answers Share Flag
Wed Nov 14, 2012
Grace Hanamoto answered:
Hello Barbird and thanks for post.

Trulia is a great resource, but we don't often see rentals posted here since only agents or Realtors may post properties for sale or rent on this site. Try Craigslist.com for listings of homes in Santa Cruz. This is a free website for homeowners, and many private property owners post their rentals on Craigslist.

Good luck!

Sincerely,
Grace Morioka
Area Pro Realty
... more
0 votes 3 answers Share Flag
Sun Jul 11, 2010
Molly Thompson answered:
Barbara:
It could be that the agent had offers in play and was focused on working with their client, the seller, to get one accepted... it might be best for you to have your own agent who will help you get in to see any property you're interested in and to set you up on an autobot so you get notified immediately when new properties fitting your criteria come on the market. Your own agent would be most loyal to you and help you negotiate the best deal possible for your circumstances... just a thought.... let me know if you'd like more information. I've been a member of the Santa Cruz Assoc for over 15 years... and was a Contracts Negotiator in Silicon Valley before that...
CHEERS!
Molly Thompson, Broker Associate, APR
831-588-1752
... more
0 votes 4 answers Share Flag
Mon Mar 30, 2015
Terry Ballantyne answered:
wow, in this lending climate, that is going to be a challenge. I wish you luck.
Terry Ballantyne
831 515 1101
0 votes 7 answers Share Flag
Tue Jun 22, 2010
Melissa A. Scire answered:
Hi Patty,

Step 1 is to answer the summons you were delivered for the foreclosure and let them know you are residing in the home and are aware of the foreclosure. Secondly, I would contact the bank asset manager that is assigned to the home and let them know of your intent to purchase the home. See if the owner is willing to do a deed in lieu of foreclosure with the bank which is another option when a buyer is lined up and speak to that bank about getting financed with them to help secure their faith in your ability to buy. You may be able to negotiate the deal without having to wait for the foreclosure to finish its course but it really depends on the bank. Best of luck to you. ... more
0 votes 6 answers Share Flag
Thu May 6, 2010
Terry Ballantyne answered:
I would call the reconveyance company who notices the auction date and make sure they are on top of it.
Do not assume anything. The trustee sale number is the key. Yahoo is probably dated info, but it would be wise to check it out. There is no one person giving oversight to these transactions so your agent needs to be super pro active!
Terry Ballantyne
Broker Associate
Sereno Group Real Estate
831 515 1101
... more
0 votes 4 answers Share Flag
Wed Apr 28, 2010
Brad Gill answered:
I would recommend that you go to the Santa Cruz Sheriff’s department and research their crime maps and statistics. The website is http://www.scsheriff.com/.

Also, feel free to call and speak with a sheriff’s deputy, they will be more than willing to discuss the tougher neighborhoods in the Live Oak areas and the potential for criminal activities.

The Live Oak area of Santa Cruz does have some tougher neighborhoods, but is also has some really nice communities as well. Be sure to hook up with an area specialist who can enlighten you with the housing opportunities of this quaint Santa Cruz community.

I hope this helps!
... more
0 votes 8 answers Share Flag
Mon Feb 22, 2010
Mike Castle answered:
Good question. It is my understanding that the City and County of Santa Cruz both use a complicated mathmatical formulas to come up with the future price. If you call them they should be able to give you the formula or calculate the price for you. The Housing Authority has the County Information. I believe it changes every year, so I hesitate to give you the one I have which is a couple of years old. You can check their web sites for contact information. It is also my understanding that the property must be owner-occupied so renting the home may be in violation of the deed restrictions placed on the property. If you need my help on this you can contact me with your address and I will research it out for you myself. I have been involved in Measue O and Measure J sales. Another very important fact is that the buyer must be pre-qualified with the Housing Authority of Santa Cruz. The buyers can only make a limited amount of income to qualify. Too much income and they don't qualify. ... more
0 votes 1 answer Share Flag
Mon Feb 22, 2010
Susan Balistreri answered:
It closes in January, but may take longer since it is a short sale.
We won't know until then.
Susan Balistreri
www.susanbalistreri.com
831-419-2020
0 votes 5 answers Share Flag
Tue Sep 15, 2009
Erica Pittman-Gaynor answered:
Hi Kelley-
Erica Pittman-Gaynor with Keller Williams here. Do you mean edit home info on the MLS? Feel free to call if you want to talk about it.
Erica
(831)818-4123
0 votes 3 answers Share Flag
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