Brand New Construction in Willow Glen – Open this Sunday, December 8 from 2-5 PM. Come see us at 2071 Marques Avenue, San Jose to preview this lovely 5 Bedroom 3.5 Bath Custom Home! Contact Us for more details.
Home For the Holiday’s! Open House – 2071 Marques Avenue
5 Great Questions To Ask At An Open House
An open house gives you a great opportunity to look more closely at real estate you might be interested in buying. It also affords you the chance to chat with the owner or real estate agent so you can bring up any issues or hesitations you have with the home.
Why Has The Seller Decided To Sell Now?
If you ask why the seller is moving, you could learn valuable information to help determine your offer or possibly whether or not you want to buy the home.
Knowing whether the owners are about to go into foreclosure, have experienced trouble in the neighborhood, or if they’ve retired and completely paid off the home can help you understand how urgently they need to sell their property.
Has The Seller Had Any Other Offers?
Don’t forget that you are not only negotiating with the seller for a price, you are also competing with other potential buyers. It really helps to know what you are up against.
It is important to understand that you might not get a 100% straight answer to this question as most sellers know that competition or perceived competition can cause a potential buyer to move forward more quickly and at a higher price.
If you’re comfortable in this discussion, you might want to try and see if you can find out the details of any other offers.
Does The Property Have Special Ownership Costs?
Ask the agent or owner about the other costs associated with owning the property, such as Home Owners Association fees within a condo
complex or a gated community. It’s important to know about these extra expenses in advance so you can make an informed offer.
You may also want to ask about any pending litigation concerning the property. Litigation is not always a deal killer, but it’s better to know the details before you sign closing documents.
What Furniture And Appliances Are Being Sold With The House?
Most of the time, a seller will include their major appliances such as the refrigerator, stove and dishwasher with the home, but this isn’t always the case. If you don’t already have these items, it’s important to know whether they are included in the purchase price.
Is There Anything Else That You Want To Leave With The Home?
This is an important question to ask, especially if there are specific things in the home that you have a strong interest in. Perhaps there is custom art work or a pool table that fits perfectly in the game room.
The seller may be eager to part with those items and include them in the sale of the home or sell them at a large discount. The open house is a great opportunity to learn more about a home before making the decision to buy it, so be sure you ask the right questions.
Checking in on 2071 Marques Avenue in San Jose!
Take a sneak peak at the latest development for 2071 Marques Avenue in San Jose. If interested in learning more about this new construction or signing up for development updates, please contact us today!
722 Sonia Way – Feels Like Home!
722 Sonia Way in Mountain View is progressing nicely and is looking very attractive! For more details about this new construction, contact us today before its too late!
Tips On Passing Your Home Inspection With Flying Colors
Home inspections are a tense time for everyone. Sellers are fervently hoping that nothing major is wrong with their home that could hold up the transaction.
Buyers are eager to hear that their new house is in prime condition. Whatever the wishes, one thing is for sure; any news from an inspector is usually bad news.
Home inspectors have a tough job. They have to be trained to spot hundreds of potential issues with a home and be knowledgeable of local codes, community restrictions and residential permit parameters.
Stay one step ahead of your home inspector by reading the list of common home inspection issues below. Then hopefully your inspection won’t reveal any unwelcome surprises.
This is a common bubble-busting issue, especially in older homes. Wiring might have been up to code when the home was built, but it now violates code and is a fire hazard.
Look for ungrounded outlets, shoddy wiring or a mass of confusing connections in the electrical panel. Replacing an entire electrical system can be expensive, but it’s worth it not to risk a fire.
Look for signs of water damage in the ceilings. This could be a sign that something above, like a bathtub or sink is leaking into the floor or walls. Look around toilets and inside kitchen cabinets for traces of wet flooring or wood.
While external leaks are easy enough to fix, interior pipes might require you to rip up flooring.
Foundation And Framing
Examine the foundation and framing of your home for any structural issues. You’ll want to keep an eye out for cracking in the foundation due to water runoff or settling. Also, look for signs of wood rot or termite damage.
These issues affect the framing of your home and could cause scary structural problems if left unattended.
While it’s probably too difficult for you to inspect the roof yourself, just stand back in the yard and see if you can notice any bare spots. Also, check for water damage around the roofline from rain leaking in. Don’t get too discouraged about roof issues. It might not call for a complete replacement, but just a repair on one section.
These common home inspection issues affect both sellers and buyers. As a buyer, you’ll want to keep a eye out for these problems so that you know what you’d be getting for your hard-earned money.
As a seller, it’s good to stay one step ahead of the home inspector so that whatever price is agreed upon goes through.
City Lights Or Starlit Nights, What Home Location Is Best?
If you are looking to buy a home, you might be wondering whether you should be looking for properties that are right in the center of the city or property in a rural area a short drive away.
The rural or urban decision will ultimately be up to you, as there are advantages and disadvantages to either option. The main difference will lie in your priorities – what type of lifestyle is most important to you?
Living In The City
One of the main perks of buying a property that is located in the heart of the city is that you may be able to enjoy convenient public transportation and you won’t have to use a car to get everywhere.
You are likely to have a shopping center and a supermarket within walking distance of your home, as well as other important amenities such as a doctor’s office, a pharmacy, a post office and more.
Also, if you enjoy attending concerts, visiting art galleries or enjoying other artistic events, you will find many more of these concentrated in the city center. You will also enjoy more options when it comes to shopping.
Of course, living in the city center means that property prices are usually a lot higher and you will likely end up with a lot less space for your money. Your kids might not have as much room to run around (unless you find a home near an urban park or a playground). Also, the hectic pace of the city, with all the traffic and high rise buildings, can be stressful for some.
Living Outside Of The City
When you buy a home just a few miles outside of the city, you will find yourself experiencing a completely different lifestyle. You will be a lot closer to nature, with plenty of walking trails and wild areas right outside your door. The air will likely be cleaner and you will be able to see the stars better at night time.
Many people feel safer letting their children play outside in the countryside and the cost of housing is usually lower than in the high density downtown core. Some people also prefer the peace and quiet of the city and would much rather go for a walk in the woods or have a campfire than attend a cultural event – so the country is the right place for them.
Of course, possible disadvantages of rural life is that it can be inconvenient and time consuming to drive into town to get supplies or to meet up with friends. You must own a car in order to get around, as the public transportation system will not be as good as it is in the inner city.
These are just a few factors to consider when determining whether you would choose the city life or the country life.
Lastly, there are sometimes special home loan programs that focus on specific city areas or rural properties. It would be a good decision to consult with your trusted mortgage professional right away in order to find out all of your options.
Johnson has moved onto the next level!
331 Johnson Avenue, has reached a new level, and no we are not talking about Candy Crush! The second floor is now all framed in and ready to reach new heights! Are you ready to learn more about this new construction in Los Gatos? Contact us today!
Homeowners are leaving billions of dollars on the table!
Millions of Americans are walking away from billions of dollars in savings every year. Contact us today to see how we can help you today!
How? By not refinancing.
While the refinance fad has faded since interest rates began rising this fall, millions of Americans still stand to benefit from a refinance. Quicken Loans estimates that at least 1.5 million people are missing out on $100 to $200 a month in savings by not refinancing their mortgages. That’s about $2.5 billion in lost savings this year alone.
But there’s good news:
Homeowners are being given a second chance to snap up those savings. Interest rates were rising steadily for a few weeks inAugust, but after the government shut down and the Federal Reserve decided to continue its economic stimulus plan (despite previous announcements that the plan would wind down sooner rather than later), interest rates dropped again and are still hovering close to 4 percent for a 30-year fixed-rate mortgage.
Historically, that is a low, low rate. If you took out a fixed-rate mortgage any time before mid-2011, chances are very good that your interest rate is higher than that. Just five years ago, interest rates were right at or above 6 percent, according to Freddie Mac.
That 2-percentage-point difference in the amount of interest you’ll pay can add up to tens of thousands of dollars—and that’s not pocket change. Yet some homeowners are willing to just hand that money over to the bank instead of refinancing.
“What’s interesting is we know a lot of these people religiously clip coupons to save 25 cents and yet they can save $100 or $200 a month and won’t do it,” Quicken Loans’ chief economist Bob Walters says.
Some homeowners aren’t rushing to refi for a number of reasons:
1. They don’t know what’s at stake.
“Awareness is part of it,” Walters said. “Some people are just not aware after all this time or they have tuned out what’s happening in the financial markets.”
Frequently, they don’t realize how much money is at stake. Yes, refinancing will take time and (usually) money. But for borrowers who can pay the upfront costs and keep them under $1,000, there’s little chance a refinance won’t be worthwhile.
Many homeowners don’t realize how much money is at stake.
2. They’re gun-shy.
Of the people who are aware, some are just weary skeptics. They tried a few years ago and got the runaround dealing with disreputable characters offering everything under the sun, Walters said. Many may be fatigued from trying with little success and are dismissive of the idea.
3. They may not have been eligible.
The steady rise of home prices this year has pulled a lot of homeowners out from underwater, freeing them to refinance. While homeowners with mortgages held by Fannie Mae or Freddie Mac were able to refinance while underwater through HARP 2.0, those with privately held mortgages typically were not given that same chance.
4. They don’t think it’s worth the hassle.
Some homeowners just look at the time and upfront expense and think that there’s no way it could be worth the trouble.
“When I’m taking a loan application, the amount of documentation I have to get from you is almost offensive,” Walker says. And if lenders aren’t being active and responsive in the process, that can lead to bigger headaches.
But lenders are loosening some standards and are learning the new government regulations as they attempt to streamline the process.
“It’s really a matter of taking a deep breath,” Walters said. “What’s the worst that can happen? You might miss the first half of your favorite sitcom–that’s all it takes to run the numbers and pull someone’s credit and take a look at this.”
Written By Ilyce R. Glink | Spaces – Fri, Oct 18, 2013 11:44 AM EDT