Archive for June, 2009

Jun 30 2009

New Listing - 10518 Sterling Boulevard, Cupertino

Published by Steven under Real Estate

Too early for photos, but we have a hot new listing at 10518 Sterling Blvd. This is a 2007 custom 4/3 home built withsuperior craftmanship and attention to detail. It features solid mahogany hardwood floors throughout, large kitchen/great room combo, a formal dining room/living room, 2 fireplaces, large yard (9147 SF lot), and a spacious master suite with 2 walk-in closets, jacuzzi tub, shower stall with 6-spray panel. Priced to sell at $1,248,888.

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Jun 26 2009

Open House this Weekend - 10390 Moretti Drive

Published by Christine under Real Estate

Open House!! Saturday, June 27 & Sunday, June 28 from 1-4 pm.

Stop by this weekend to view this beautiful home at 10390 Moretti Drive in Cupertino!

Moretti

Click here to view the virtual tour.

Beautiful 13-year-new 5 Bedroom, 3.5 Bath home in award-winning Cupertino School District! This 2-story home displays excellent use of its 2700 square feet with open floor plan featuring high ceilings, living/formal dining combo, family room/gourmet kitchen, downstairs in-law/guest suite, plus huge upstairs master retreat with luxurious bath & walk-in closet. Too many features to list!

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Jun 25 2009

Late on your mortgage

Published by Christine under Blog, Mortgage, Real Estate

Stories about families losing their homes to foreclosure due to illness, job change, and other sudden factors are now the norm, unfortunately. They miss a payment or can't make full payments, are turned down for a "loan remodification," and foreclosure appears to be the only option. I encourage all our readers if they are facing this possibility, talk to an experienced real estate agent before you get too deep in the foreclosure process!

There are alternatives–maybe not the ones you'd choose–but you can avoid foreclosure and the bankruptcy/debt associated with it by selling the home. If you have the ability to catch up and pay off the past due on the loan, and stay in the house, that's the simplest solution. But if you can't pay off the debt when it's due to avoid the foreclosure, paying partial payments is unlikely to stall the process.

A sale or short sale is an unfortunate option, but likely best for the struggling owners. It often comes with "debt forgiveness" so you can avoid bankruptcy.

There's a lot to say about this topc, but the most important thing I wanted to stress is to call an experienced real estate agent and discuss your options. Banks may seem flexible, if you call, but the legal terms of your note are going to prevail. Don't wait until you have 30 days to be out of the house before taking action. Some agents specialize in short sales and they can be very helpful in discussing your options. Often if the bank has an offer on your property in hand, they will delay the foreclosure process.

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Jun 24 2009

Market conditions?

Published by Steven under Real Estate

Yes, it appears that the market is slowing a bit….interest rates are increasing and that always slows down buyers. Regardless, the rates are still quite good if you have ability to lock in a 30-year fixed rate!

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Jun 22 2009

Why a listing agent won't show you the house

Published by Christine under Real Estate

Today's market is so internet based, it's not unusual for buyers to locate homes they want to view. The buyer calls the listing agent to get info and asks see the home. Seems simple. So why don't agents show their listings?

There's an important question we ask any buyer who calls: "Are you working with an agent?"

We're not being mean or evasive. We need to know. If you have an agent, that agent should be showing the property to you, not us. We have an agency obligation to our seller that gives us the right to exclusively market their home. A buyer may have the same agreement with a selling agent (also called a "buyer's agent). It's not appropriate for us to intrude on that relationship, whether it be written or implied. So if you have an agent, we will tell you to "Ask your agent to show you the home."

My suggestion - if you want to call the listing agent and get information on the house, go for it. Find out a little about background info (especially if it is bank owned, a short sale, or normal sale). If you have an agent, pass the info you obtain on to your agent and let them take the reins.

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