San Jose Real Estate Market Update (March 2012) - 03/30/12 12:28 PM
Overall, the San Jose real estate market continues the trend from February. In March, the most significant number to note for the entire county of Santa Clara is total active listing inventory is alarmingly low at 1641 (1284 for single family homes and 357 for condos and townhomes) Compared this to around same time last year (April 2011) at 3333 combined inventory - that is almost 50% less!
Let's take a look at the local San Jose statistics for the month of March:
1. Number of New Listings - total 941 (single family homes 690 - condos/town homes - 251)
Number … (1 comments)

My life as a number: importance of Credit Score for 1st time buyers - 03/28/12 04:15 PM
Your credit score or commonly known as FICO score (stands for Fair, Issac and Company) is a number that indicates the health of yours score. The higher the number, the healthier your credit and the more likely a lender is to approve a loan with good terms. Scores can range from 300 to over 900, with typical score

falling in the 600s to 700s.
 

Credit score take 5 different financial areas into account. The five C’s of credit that lenders will look at include:
Capacity. Are you able to repay the debt? The lender verifies … (0 comments)

My life as a number: importance of Credit for 1st time buyers - 03/28/12 04:00 PM
Credit is an important part of buying a home. Lenders will scrutinize your credit history to determine if you're qualified to buy a home and what interest rates and fees to charge. The difference between having a just okay credit and good credit can cost you tens of thousands of dollars over the life of a loan. Here are some practical tips to establish good credit:

*Having a steady source of income and stable employment for 2-3 years
 
*Having a good record of paying your bills on time - the common myth is that paying off balance monthly gives … (2 comments)

I love this home ONLY if ... power of FHA 203K renovation loan ... - 03/14/12 06:07 PM
Working with lots of first time buyers in San Jose, CA, I'm hearing a lot of "I love this home, only if the bathroom was remodeled/kitchen is updated". I'm beginning to educate buyers and sellers on the possibility of FHA 203K renovation loan.
This is basically a loan that allows you to borrow up to $35,000 that is wrapped into the purchase price of the home for renovation. Just like a regular FHA loan, your down payment requirement is only 3.5% and it may be a gift from family. For many first time buyers, it's a great option if you don't … (2 comments)

 
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Chia Rodeski Real Estate Agent San Jose 1st time home buyer, Short Sale

San Jose, CA

More about me…

Re/Max Santa Clara Valley, San Jose, Campbell, Cupertino

Address: 1530 Parkmoor Ave Ste B, San Jose, CA, 95128

Office Phone: (408) 409-1413

Cell Phone: (510) 755-8382

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