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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 [...]
Continue reading...25. January 2010
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. [...]
Continue reading...18. January 2010
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 [...]
Continue reading...17. January 2010
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 [...]
Continue reading...26. December 2009
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 [...]
Continue reading...3. December 2009
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 [...]
Continue reading...29. November 2009
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 [...]
Continue reading...3. November 2009
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 [...]
Continue reading...4. September 2009
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 [...]
Continue reading...19. August 2009
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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18. February 2010
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