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San Jose : Real Estate Advice

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  • Local Info143
  • Home Buying882
  • Home Selling129
  • Market Conditions32

Activity 1,728
Wed Jul 27, 2016
charles butterfield answered:
Thank you for your question:

Banks will generally count 75% of the rental income for a property that is purchased for investment purposes.

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
Sun May 12, 2013
Elena Talis answered:
This property was recently sold - why do you think it might be for rent?
0 votes 5 answers Share Flag
Mon Apr 22, 2013
Richard Matusich answered:
My guest between the different boards in Santa Clara County I think the number is around 8000-8500
board members. The number of brokerages would be around 2,000 both large and small brokerages.
Richard Matusich Realtor DRE#00358728
... more
0 votes 5 answers Share Flag
Thu Jun 25, 2015
Elena Talis answered:
http://www.trulia.com/blog/PaloAltoRealtor/2012/06/how_to_be_a_buyer_in_a_seller_s_market

Still relevant.
0 votes 10 answers Share Flag
Wed Apr 24, 2013
Terri Vellios answered:
You will have to review the website for the key to their color coding.

www.CrimeReports.com will pin point specific crimes so you have a better understanding of the types and frequency of crimes in the area. ... more
0 votes 4 answers Share Flag
Wed Apr 24, 2013
Elena Talis answered:
It depends on the lease. If she is in a middle of a year lease you should talk to her and find out on which conditions she will agree to move. It is much easier if she is on month-to-month. ... more
0 votes 8 answers Share Flag
Tue Apr 9, 2013
charles butterfield answered:
Thank you for your question:

Evergreen is an excellent location. Summerhill is a good builder.

Right now we are in a seller's market. There are far more people who want to buy homes than there are homes available for sale.

If you have an opportunity to get one of those homes, i recommend that you jump on it.

For more information you may reach me at my Cell Phone: (408)509-6218

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 2 answers Share Flag
Tue Apr 9, 2013
James Peterson answered:
Hi RG,

I would not suggest it, I know you might think it looks good however I can attest that most of your neighbors might think it is tacky.

It depends on the neighborhood though... ... more
0 votes 3 answers Share Flag
Tue Apr 9, 2013
James Peterson answered:
Hi RG,

As an active investor myself I have learned that it is very tough in the Bay Area to find a great investment property that produce a great return without being speculative.


There are some great areas outside the Bay that are now realizing the shift in the market yet prices are still relatively low. These are the best areas for cash flow and buy and hold scenarios right now. If you are looking to flip on a short term basis that is a different ball game.

I would rather not suggest an area until I know your game plan, budget and exit strategy.

I'm open to talking with you in person/email if you would like to talk about strategy and best practice.

James Peterson
Broker/Associate
cell: 4o8-836-9653
james@wbreal.com
... more
0 votes 4 answers Share Flag
Thu Apr 25, 2013
charles butterfield answered:
Thank you ADJ for your question:

Rentals in those neighborhoods are almost non existent.

Currently there are far more people who want to rent or buy homes in this area than there are homes for sale or rent.

For more information you may reach me at my cell phone: (408)509-6218

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
Tue Apr 8, 2014
Bill Mccord answered:
This is the Free Market in it's most perfect form. Housing is a Commodity where there is currently more Demand than Supply. (At least in Silicon Valley)
Sellers sensibly sell to the best (NOT ALWAYS HIGHEST) Bidder.
"Week" Buyers drop out of the game.
Rising prices bring out more Sellers.
Prices stabilize and a period of calm ensues.
After a variable amount of time (often years) the cycle begins again, either upward or downward.

If you choose to continue play then you need to be aware of all the options available to year during this phase of the cycle, including the Pro's and Con's of dropping out.
As you are competing most of the time with professional investors you need to know the rules they play under. You need professional help.
Good luck
Bill
... more
0 votes 16 answers Share Flag
Sat Apr 6, 2013
Anna M Brocco answered:
In order to best protect yourself consult with an attorney who specializes in real estate, see exactly what options you may have.
0 votes 6 answers Share Flag
Sat Apr 6, 2013
charles butterfield answered:
Thank you for your question:

The house in your link is not for sale. What you have in that link is merely a public record of that property and an estimate of value if it were for sale.

The last time this property was for sale was back in 2010. This property was listed for sale back in 2010 and sold for $255,000. Close of escrow was May 26, 2010.

With respect to whether or not this neighborhood is a safe place to live, we as Real Estate Brokers and REALTORS are not permitted to give an opinion with respect to that issue.

I have found that one of the best ways to get a good answer to that question is to knock on the doors of properties in the neighborhood, and ask the occupants what they think of the neighborhood, what to they like about the neighborhood and what do they not like about the neighborhood.

After you have talked with approximately 5 to 6 people in the neighborhood you will have a good idea whether or not this neighborhood is a neighborhood that you will be happy with.

Right now there are very few homes available for sale in San Jose. There are thousands of people who need a place to live. There is an enormous amount of demand for houses for sale and there are very few homes that are actually available for sale.

Any homes that do come on the market are sold almost immediately, often with multiple offers of 10, 20 and 30 offers or more, with overbids of $50,000 to $100,000 over the most recent comparable sales not uncommon.

I recommend that if you are going to have any chance at all of getting a home for yourself and your family, that you ask a REALTOR to represent your interests for you. That is the only way that you will have any chance at all of being competitive against all of the other offers and overbids that you will be up against for any house that does become available on the market.

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
Cell Phone: (408)509-6218
Fax: (408)269-3597
Email Address: charlesbutterfieldbkr@yahoo.com
DRE#00901872
.
... more
0 votes 0 Answers Share Flag
Fri Apr 5, 2013
charles butterfield answered:
Yes.

The current buyer's market appears to have started in The San Jose area in early March of last year.

I would say that an estimate of 20% increase in price from last year to this year is a good approximation of the price increase over the past year.

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 4 answers Share Flag
Fri Apr 5, 2013
The Medford Team answered:
Closest Library - Wednesday and Saturdays only:

Santa Teresa Branch Library
290 International Circle
San Jose, CA 95119

Closest Full Service Library:

Edenvale Branch Library
101 Branham Lane East
San Jose, CA 95111

Knob Hill Grocers are 1.6 miles away at 6061 Snell Ave, San Jose, CA 95123
WalMart is 1.9 miles away at 5502 Monterey Hwy, San Jose, CA 95138
... more
0 votes 2 answers Share Flag
Tue Apr 9, 2013
Bill Mccord answered:
The Santa Clara County Housing Trust have probably the best 1st time buyer assistance programs in the state. Their 3 programs provide significant help.
For example. The MAP program requires just 3% down from the buyer who gets a normal 80 1st mortgage. The Trust then provides a 17% 2nd mortgage at only 1% more than the 80% one from the Bank. The PAL and GAP programs provide down payment assistance in specific areas of San Jose and Santa Clara County.
If you want more info drop me an e-mail (bmccord@rwnetwork.com)l or Google Housing Trust of Santa Clara.
Good luck,
Bill
... more
0 votes 7 answers Share Flag
Fri Sep 27, 2013
Juliana Lee answered:
Your question showed up under zip 95133 which is San Jose, California. I don't know Michigan law or practices but my advice would be do not pay rent to the Property Management company. Use the letter you received to get hold of the county and ask what they want you to do.

There is a possibility that the county could ask you for rent from the point they notified you that they were the owner. Paying money to the property management company could amount to throwing your money away and still needing to pay rent to the county. Also unfortunately you probably have lost your cleaning deposit. If your city or county has rent mediation set up, try and talk to someone to try and get your cleaning deposit back.

Juliana Lee
650-857-1000
Top 2 agent nationwide at Keller Williams Realty

Over 30 years experience
Over 1,000 homes sold in Santa Clara and San Mateo counties
.
... more
0 votes 5 answers Share Flag
Tue Apr 2, 2013
Cindy Davis answered:
None of us could possibly tell you without knowing the exact location. There are detached town homes...they do exist. Why do you assume it's fraud?
0 votes 7 answers Share Flag
Tue Apr 2, 2013
Gabriel Nguyen answered:
Hi Dominique,

Best bet is to check on Craigslist or Rent.com. You can also place an ad on CL if you like and hopefully homeowners may contact you. Just be careful when dealing on internet to avoid scammers.

Take care.
... more
0 votes 3 answers Share Flag
Sun Mar 31, 2013
Terri Vellios answered:
Almaden Hills estates consist of 137 homes built in 1979 by Shapell Homes. Since it has been over 30 years I would assume that the current finishes is going to vary home by home as many people would remodel over the years.

You can visit www.Crimereports.com to get information on crime in the area. It is a neighborhood where neighbors organize events.
... more
0 votes 2 answers Share Flag
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