real estate: SILICON VALLEY REAL ESTATE REMAINS STRONG
- 08/25/08 07:35 AM
According to a recent article from “Business Week,” luxury homes in the Silicon Valley are selling as strong as ever. No mention of those properties below a million dollars, but that market is stronger than most, especially in those areas mentioned in the article, Saratoga, Los Gatos, Cupertino and Los Altos CA http://www.businessweek.com/lifestyle/content/jul2008/bw2008078_555230.htm … (2 comments)
real estate: PITFALLS OF BUYING REO PROPERTIES
- 07/09/08 11:54 AM
In California, foreclosure sales are specifically made exempt from the statutory transfer disclosure requirement. Therefore, it’s anyone’s guess as to what problems may be inherent in the REO property one is purchasing. Thus it is all the more incumbent upon the buyer to obtain as many inspections as possible, including a general home inspection, a termite inspection, a foundation inspection (if indicated by either the termite or the home inspection), and a roof inspection. All these inspections could cost between $1,000 and $1,500 but they’re well worth the advance cost considering the possibility of what may be revealed by them. It’s … (0 comments)
real estate: TWO IMPORTANT WORDS IN REAL ESTATE: LEVERAGE AND LEVERAGE
- 07/01/08 12:29 PM
There are a few good reasons why a smaller down payment is better than a larger one. 1) The secret to success in real estate (besides location) is leverage. It's in your best interest to leverage as much of a loan amount as possible, so you're effectively using someone else's money. While the lender's money is tied up on your loan, you can use the money you would've otherwise spent on a down payment to some other good use (to buy stock, or purchase another piece of real estate, or to buy CD's, or whatever). 2) The larger the loan amount, … (0 comments)
Los Gatos CA R/E (zip 95032); I sell condos, luxury homes, horse property, subdivisions, new homes; I specialize in first-time homebuyers and sophisticated investors.
According to a recent article from “Business Week,” luxury homes in the Silicon Valley are selling as strong as ever. No mention of those properties below a million dollars, but that market is stronger than most, especially in those areas mentioned in the article, Saratoga, Los Gatos, Cupertino and Los Altos CA
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