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Are You Ready to Buy a House? Or are you shopping?

18. February 2010

2 Comments

I admit that I am not a window shopper.  I do not go to a store without a purpose to buy.  Generally, I have already  determined what I want, what brand I want, and where to get it the cheapest before I ever get into my car.  I have my wallet and the only challenge [...]

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Why Rainy Days are Best Days when looking for a Home to Buy

25. January 2010

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In the past two weeks San Jose, California has been experiencing almost continuous rain.  I have been out almost everyday previewing or showing homes.  It would be nice to stay in the office and hang out on Twitter but the reality is, these are some of the best days to learn about houses and neighborhoods.  [...]

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Waiver on 90-day flipping rule will help FHA buyers find a home.

18. January 2010

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It is not uncommon over the last two years to find a statement on the multiple listing service that reads “no FHA loans 90 day rule applies”. Which basically meant that an investor had purchased a home, most likely and REO (foreclosed home), completed repairs, new carpet, paint and then placed in back on [...]

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Is your refrigerator ruining your kitchen floor? Simple protection device.

17. January 2010

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In my daily travels, the most common problem I see in homes for sale is water damage.  One of the first things I do as an agent previewing a home is look underneath every sink for drippy pipes and water connections.  Even the smallest drip can cause incredible damage over time.  The water slowly penetrates [...]

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How the Home Valuation Code of Conduct (HVCC) Affects Home Buyers.

26. December 2009

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Scores of home sellers and other home-buying stakeholders are operating under a new set of rules when it comes to the appraisal process.  Since May 1, Freddie Mac has stopped purchasing mortgages from sellers that fail to adopt the Home Valuation Code of Conduct. A joint agreement between Fannie Mae and Freddie Mac and the [...]

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FHA Updates Policy. Not Good News for First Time Buyers.

3. December 2009

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FHA loans have been a large part of Silicon Valley housing recovery in the last two years.  Previous to 2007, the loan limit for an FHA loan was $417,000 and there simply were not that many homes in the Bay Area that were priced low enough to utilize FHA.  In 2007 the government increased the [...]

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How does non-permitted work impact the buying or selling of a home?

29. November 2009

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Before we can discuss the impact  non-permitted work has on a home, it is important to talk about what a permit is and why it is required for work completed on a home.  Permits are typically issued in accordance with a city or county ordinance.  Therefore, not obtaining permits for required items is unlawful.  Permits [...]

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Does it come with the house? How to decide.

3. November 2009

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As buyers walk through a home it is not uncommon that they fall in love with a certain room or aspect of the home.  Maybe it is the dining room and the beautiful chandelier.  Maybe it is the basketball hoop in driveway.  Maybe it is the six-burner professional grade gas stove in the kitchen.  Whatever [...]

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Is the Real Estate Market in San Jose still a Buyer’s Market? Bottomless Answer.

4. September 2009

3 Comments

I have been thinking about this topic for the last two months.  Trying to figure out how to get it encapsulated into the shortest blog post as I am constantly being told blog posts should not be too long.  It seems impossible to crunch this topic into a quick read, but I am going to [...]

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Buying a Short Sale: From a Buyer’s Perspective

19. August 2009

3 Comments

I have a friend who is a very intelligent person, highly organized, and very resourceful.  He  decided to purchase a short sale utilizing the listing agent of the home.   He has been kind enough to detail out his experience and has allowed me to share step by step here.   His experience is not unlike many [...]

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