With the economy in it’s current state and the housing market seen as the culprit, you can expect that the government is focusing on stimulating housing and home buying. As a first time home buyer you are already guaranteed an $8000 tax credit if you purchase between January first and November of 2009. Here is […]
Average Days on Market in Santa Clara
I have been analyzing inventory lately to gauge the health of the real estate market in Santa Clara While analyzing inventory is important its also important to see the effects of inventory as it increases the amount of time that listings are sitting on the market. As you can see the patterns for Santa Clara […]
Santa Clara REO Home Purchase
This is the latest in a multi-part post dedicated to recording my experiences working with a buyer to purchase a REO or bank owned home Santa Clara. After submitting 4 offers where we were out bid each time we finnally got a contract accepted. The property is 716 Kiely Blvd., in Santa Clara. It is in […]
Santa Clara Inventory and Sales
Spotting trends in the market is certainly the way to find the market bottom of the Santa Clara Valley real estate market. In this post I am looking specifically at Santa Clara, Sunnyvale, Mountain View, Los Altos, Saratoga, Los Gatos, and Los Altos markets. Looking at Sales and Inventory information to get an idea of how […]
Holding Title Santa Clara
Title to real property in Santa Clara County may be held by a single individual or entity, known as Sole Ownership, or by two or more individuals and/or entities known as Co-Ownership. Examples of common ways to hold title are listed below. Sole Ownership Where one individual or entity is the sole owner of […]
Competitiveness in Santa Clara REO’s
With so many bank owned properties you would think it should be easy to snag one of these properties for yourself. The problem is that you are not the only one thinking that way. Here in Santa Clara County we experience about 40 REO properties a day. Most pertain to areas like Alum Rock, South […]
Proposition 13: What you Should Know.
Frequently new homeowners will ask why they are paying twice as much (or far more) in property taxes than their neighbor. The answer is Proposition 13. Passed by the voters in June 1978, Proposition 13 is an amendment to the California Constitution that limits the assessment and taxation of property in California. It restricts both […]
Home Market Udate Santa Clara
The Santa Clara home market sales continues to perform better than last years numbers. So far this year 61 homes have sold versus last year’s 38 during the same time period. Inventory numbers are about the same across the boad, and will start picking up. More likely to see some further price decreases, but […]
Proposition 90: Inter-County Tax Base Transfer
Proposition 90 allows a homeowner to transfer the base year value of their principal residence in one county to a newly purchased residence in another county providing that certain requirements are met. Only a limited number of counties are participating in Proposition 90. Proposition 90 Requirements (Santa Clara County): The requirements for Proposition 90 […]
Challenges in Getting a REO Contract Accepted in Santa Clara
This week I submitted two offers for REO properties for two separate clients. One was a single family 3 bedroom 2 bath home in Santa Clara that was listed at $400,000. The home was in poor condition but the price reflected it. My experience with REOs (bank owned properties) is that they are seldom in […]
So you are interested in buying a REO in Santa Clara
Here’s what you should consider: Get Pre-Approved and Be Ready to Act In the REO market, expect the competition to be fierce especially in areas like Santa Clara where investors or homebuyers like yourself are anxious to take advantage of these deals. It’s not uncommon for there to be multiple offers on bank-owned properties. Just […]
Santa Clara Market Update
Time to take a hard look at the beginning numbers this year and see what we can tell about the market. For those of you who are not aware, inventory is a big factor in price performance and home values. As inventory increases and buyers are unable to keep up with the supply of homes […]
