first time buyer: Sometimes You Go with the Flow ...
- 10/05/14 11:54 PM
For this home I just sold in Fremont for $630,000, I was the agent for the buyers, a very sweet couple who found me on Yelp! The timing for this one was a bit of a challenge because I was out of town and actually in a location without cell service, although I did have slow WIFI. The listing agent was taking offers first come, so thank God for my tech guru husband who was able to hook me up with cell service so I could communicate to the listing agent, my buyers, so that I could make things … (0 comments)
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first time buyer: Just Sold in Fremont For $530,000 ...
- 02/12/13 11:03 AM
For this home I sold in Fremont for $530,000 I was the buyer’s agent to a very sweet young couple buying their first home. This was a flip home, meaning that investors bought this home, remodeled it, and put it back on the market for sale. There were multiple offers on this home and we were actually not the 1st pick! There was a buyer that was stronger in price and terms than our offer and that was the offer chosen, however, very shortly after they went into contract, the buyer seemed to start back peddling and were making the … (0 comments)
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first time buyer: Yikes, a short sale listing with a FHA loan!
- 04/08/11 03:56 PM
This home I sold in Fremont for $540,000. This one was a doozy! A double wamy with a short sale listing and a FHA loan…fun, fun. This really nice and cute couple was a lot of fun to work with despite the fact that this transaction was a pretty tough one toward the last few weeks. I do have to say, I laughed out loud at some of the emails the buyer sent to the BofA lender. He really has a way with words. For the short sale approval part, it wasn’t too bad. We wrote the offer mid January and … (2 comments)
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first time buyer: Sold a Short Sale in San Jose City Heights
- 03/13/11 08:58 AM
This sale was a condo in City Heights on the 8th floor and is a corner unit, which is a very desirable location in this high rise with a great view. This was also a short sale transaction with a very nice investor couple who actually lives in Hong Kong. They came to San Jose for their one and only visit to view this unit that their son, who lives in Canada, thought they would like to buy. They loved the unit and made an offer, went back to Hong Kong, and we went through the entire transaction with these buyers abroad.
… (1 comments)
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first time buyer: The Guest House That Became an Issue
- 02/13/11 05:03 AM
This couple was really cool and a lot of fun to work with during the process. They actually called me to represent them on this particular home because they wanted a buyer’s agent for this short sale transaction. They were open to viewing other homes, but this was kind of ‘the one’ for them. We did look at just a few other homes while waiting for short sale approval, but nothing compared to this home that they actually found on their own. One funny thing that happened when showing them another property on one fine Sunday, is that I went … (2 comments)
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first time buyer: The Race to the Finish Short Sale in Milpitas
- 12/12/10 12:17 PM
This buyer is a really nice young single man buying his first home. His search took quite awhile because he was looking mostly at short sales and foreclosures and ran into a lot of competition with multiple offers…yes…multiple offers in ‘this market’. After months of making offers and looking for the right home to fit his needs, he competed in a multiple offer situation for this home and was chosen by the seller.
This transaction was a short sale and the response time for the short sale approval for this home was actually pretty quick in short sale waiting period terms. We … (1 comments)
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first time buyer: The 7 Month Short Sale Transaction
- 11/05/10 02:51 AM
This sale is yet another short sale transaction which took 7 months to close! The buyers for this home have the patience of saints! Seriously! I think this has been the most torturous transaction for any of my short sale buyers thus far, but the buyers were extremely patient and remarkably mellow and laid back, WAY more than I could have ever been if I was the buyer.
We wrote the offer back in March and competed with other buyers for this home. Back then the market was pretty hot for these kinds of deals. We luckily prevailed and was … (0 comments)
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first time buyer: Another Successful Short Sale Tansaction with a FHA Buyer
- 10/29/10 06:13 AM
I sold this home to a really sweet first time FHA buyer who was very patient through the waiting process. This sale was a short sale that took about 2 months for short sale approval and then another month to close the transaction, so not too bad. For the most part the short sale process and transaction itself was pretty uneventful, which is actually a very good thing when buying a home, mainly just waiting for the approval, which in the short sale world, actually didn’t take that long.
Just on a side note, in regard to FHA financing, if … (1 comments)
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first time buyer: Short Sale Transactions Can Get Quite Complicated
- 09/24/10 11:02 AM
This was the most complicated and complex short sale thus far for me for sure. The situation for the seller was an extremely sad one. The seller actually lived in this home for many years and raised a family here. This wasn’t the typical short sale scenario in which the owner bought in the height of the market, yada, yada, yada. This owner owned this home for a very long time.
This home was owned by a married couple, the wife, a very successful business woman who did very well. She became ill and went into a coma, which is her current … (1 comments)
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first time buyer: 100% VA Financing is a Great Option for Home Buyers Who Qualify
- 09/09/10 04:46 AM
Taking into consideration all the limitations to the criteria for this sweet young couple buying their first home in San Jose, this was amazingly smooth…like amazingly smooth! And, to have such a smooth loan process in the current market conditions is just incredible. This adorable couple were VA buyers and the wife was practically 9 months pregnant when we met and they wanted to find a home to buy ASAP. Also, they have a very large dog that exceeds 100 pounds. And, their price range was in the townhome range and couldn’t quite afford a single family home where they wanted … (0 comments)
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first time buyer: The First Time Buyers Who Experienced a Short Sale and FHA Loan Experience
- 08/12/10 05:09 AM
The buyers who bought this home in San Jose are just the cutest young couple buying their first home. Wow, did they learn more about short sales and FHA loans then they probably care to imagine! Initially, this couple found a short sale home and we made an offer and were just taken for a ride. The listing agent told us he would work with us and I kept asking and waiting for the signed contract which never came, and one day he told me that the seller decided to go with another buyer who was apparently a friend. So, … (0 comments)
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first time buyer: $8,000 Federal Tax Credit for First Time Home Buyer Extension Passed!
- 07/02/10 04:53 AM
The $8,000 Federal Tax Credit Extension passed! First time buyers in contracts prior to April 30, 2010 have 3 more months to close and still qualify for the tax credit. The new deadline is September 30, 2010 This is extra good news for those in contract on a short sale transaction. … (0 comments)
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first time buyer: Inmates Received the $8,000 First Time Home Buyer Tax Credit!
- 06/30/10 03:49 AM
My client sent an article to me from USA TODAY that is very interesting information about the $8,000 first time buyer tax credit and it’s just really discerning and pathetic actually. In the article it stated that the IRS tracked thousands of fraud cases and is seeking tighter control. Apparently, nearly 1,300 prison inmates, including 241 serving life sentences, defrauded the government of nearly $9.1 million in first time home buyer tax credits, even though they were incarcerated at the time they claimed to have purchased a home. To top it off, these filings were not joint returns, so it can’t even be claimed … (1 comments)
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first time buyer: Top 10 Desired Home Features and 9 Ways to Improve a Home's Curb Appeal
- 06/25/10 03:25 AM
Based on a recent survey, the following are the top 10 most desired home features and the percentage of respondents who ranked the feature as high priority:
1. Garage or parking space: 86.8 percent. 2. Master suite: 78.9 percent. 3. Ample storage space: 72 percent. 4. Large or walk-in closets: 66.5 percent. 5. Guest bedroom: 66.4 percent. 6. Outdoor entertainment area: 64.3 percent. 7. Gourmet or updated kitchen: 60.6 percent. 8. Breakfast room or eat-in kitchen: 55.8 percent. 9. Large yard: 43.2 percent. 10. Wood floors: 40.8 percent.
Nine Ways to Improve a Home’s Curb Appeal HGTV’s real estate site, FrontDoor.com, … (2 comments)
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first time buyer: Senate Approves Bill to Extend First Time Buyer $8000 Tax Credit
- 06/18/10 08:18 AM
Good news for first time buyers that went into contract before April 30th and have not closed escrow yet. The Senate just passed a bill to extend the date to September 30th. The bill just needs House approval. This is especially good for first time buyers in short sale transactions that take months to close. … (1 comments)
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first time buyer: The So-Called "Approved Short Sale" That Was Not So Approved in San Jose
- 06/05/10 05:41 AM
I just sold this condo in San Jose that was a short sale. For this transaction, all I can say is…Wow, what a draining experience for all parties involved. All parties are just so glad this deal has closed. This client is just the sweetest, young first time buyer and in this price range, the competition is fierce with a lot of investors making all cash offers and lots of multiple offer situations. This entire transaction, I just felt his pain and felt so bad that he had to go through such an experience with this short sale transaction.
We made a … (0 comments)
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first time buyer: Site for $10,000 State Tax Credit for First Time Buyers
- 05/27/10 09:43 AM
If you are watching to see if you make the deadline, here is the site with the countdown of the money left: http://www.ftb.ca.gov/individuals/new_home_credit.shtml … (1 comments)
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first time buyer: FHA Loan or Conventional Loan?
- 05/26/10 02:54 AM
I sold this home in Santa Clara for $711,000 to a very nice young couple buying their first home. They initially wanted to get an FHA loan and put as little of a down payment as possible, but also had the ability to go with a conventional loan as well. In my opinion, if you do have the down payment, it’s better to go with a conventional loan because FHA loans are more expensive than a conventional loan. In this case, it would have cost the buyers about $25,000 extra in this price range to get a FHA loan.
Since they … (0 comments)
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first time buyer: Yay, a Smooth FHA Transaction in San Jose
- 05/19/10 08:58 AM
This home was just an adorable home in such a unique and cool location of downtown San Jose. It is in a cul de sac and backs to a creek, very peaceful! You would never know you were in downtown San Jose sitting in this home or in the back yard.
This listing was very interesting in that we had so much activity it was just unbelievable throughout the entire time it was on the market. We had multiple offers within the first week. The downside to this home, literally speaking, is that it has a very apparent slope to the … (0 comments)
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first time buyer: The Long Search to Buy a Home in San Jose with a Happy Ending!
- 05/12/10 05:55 AM
These buyers faced a long journey to a very happy ending! I started working with this very nice couple almost a year ago in search for their first home. At the very beginning of the search, that market was still a bit slow, but very soon after the market really started to pick up just as they were starting to find homes that they wanted to buy.
All the homes of interest had multiple offers and were going higher in price than they wanted to pay for a home. There was a time there were about 3 homes in the same … (0 comments)
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