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Marcy Moyer's Blog (120)

Metrics Help Us Understand Real Estate Market In Downtown San Jose

 

While it may seem as if it is hard to determine what is happening in the downtown San Jose condo real estate market, there are some majors metrics that are quantifiable that can help you see where the market is going. These markers include:

 

  1.      Sales to list price ratio
  2.      Days on Market
  3.      Months of…
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Added by Marcy Moyer on February 8, 2017 at 9:58am — No Comments

Selling A Palo Alto Home In Probate or Trust With or Without Tenants

Palo Alto Probate Home

This is a question I get asked all the time. When an owner has passed and has rental property should the heirs sell the Palo Alto probate or trust home with the tenants in place, or wait until the lease is up?

 

While most years I would say wait until the tenants are gone but with the uncertainty of how interest rates will affect prices and what will happen to a Palo Alto market that…

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Added by Marcy Moyer on January 8, 2017 at 9:52am — No Comments

Buying A San Jose Condo That is in Litigation



Brickyard San Jose

Developers don’t build condos with the intention of sloppy work that they hope no one will notice. But never the less, they almost always get sued in about year 8-9.

 

In California, new construction comes with a 10 year warranty on latent defects on the structure. In plain terms home owners and homeowner associations have 10 years to sue a developer if they find problems with the structural components of a building such…

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Added by Marcy Moyer on January 3, 2017 at 10:38am — No Comments

Why San Jose Condos Make Good Rental Properties



I am frequently asked by San Jose real estate investors, both veteran and new, what is best for…

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Added by Marcy Moyer on December 31, 2016 at 1:13pm — No Comments

How Does Mountain View Just Cause Eviction Affect A Probate Sale?

On Nov. 8th Mountain Voters approved Measure V, commonly known as the Rent Control Measure. If you are the Administrator of a Mountain View Probate Estate that has rental property to sell this is a huge deal. You…

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Added by Marcy Moyer on December 17, 2016 at 9:30am — No Comments

Buying Probate Property Where Animals Graze Without A Lease

Anyone who has looked for acreage in places like Pescadero, Gilroy, or Morgan Hill has probably come across a situation where a neighbor or friend has horses or goats or cows who graze the…

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Added by Marcy Moyer on December 7, 2016 at 2:16pm — No Comments

What Do Rising Rates Mean For the Silicon Valley Real Estate Market?

After the election I started watching Bloomberg TV instead of the news/opinion channels I had been watching.  I guess I just got tired of all the yelling, in addition to the fact that I felt the need to try and get some clarity on what might happen to the economy, and more…

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Added by Marcy Moyer on November 28, 2016 at 12:54pm — No Comments

Do You Have A Right To Sell That Half Moon Bay Probate Sale Part 3

As a realtor who specializes in Probate sales I have recently been involved with a number of families were trying to sell homes they thought they inherited or had title to, but wound up in Probate instead. Since the Probate courts are backed up, this can cause delays,…

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Added by Marcy Moyer on November 21, 2016 at 1:23pm — 1 Comment

Do You Have The Right To Sell That Half Moon Bay Probate Sale Part 2



As a realtor who specializes in Probate sales I have recently been involved with a number of families were trying to sell homes they thought they inherited or had title to, but wound up in Probate instead. Since the Probate courts are…

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Added by Marcy Moyer on November 15, 2016 at 9:58am — No Comments

Do You Have The Right To Sell That Half Moon Bay Probate Sale

Recently I have been involved with a number of families were trying to sell homes they thought they inherited or had title to, but wound up in Probate instead. Since the Probate courts are backed up, this can cause delays, heartache, and tension for the families and were problems that probably could have been…

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Added by Marcy Moyer on November 12, 2016 at 12:45pm — 3 Comments

Request Pay Off Early In A Santa Clara Probate Sale In Foreclosure

It is a common occurrence in the Silicon Valley for homes that are in Probate to also go into default. For many older home owners there is scant cash in the bank, they may still have a mortgage, and without a trust a home goes to Probate. When that…

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Added by Marcy Moyer on January 26, 2013 at 2:00pm — No Comments

South San Jose Homeowners: B of A Co-op Short Sales Big Change!

While prices are rising in the Silicon Valley there are still homes that are underwater and you may need to short sale your South San Jose home. If this is the case, don't wait!

Bank of America has instituted some new policies which can have a major influence on your …

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Added by Marcy Moyer on January 21, 2013 at 2:30pm — No Comments

Redwood City Probate Home in Foreclosure: What do I Do?

If you are the Personal Representative for a Redwood City Home in Probate that has a delinquent mortgage, but there is equity in the home, DON'T BE AN OSTRICH!!!!!!

 

It is now very common for Redwood City homes that are in Probate to have mortgages. Many homeowners were enticed to refinance in the last decade because of easy money or low…

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Added by Marcy Moyer on January 10, 2013 at 2:50pm — No Comments

Santa Clara County Short Sales and Bank Owned Homes Are Hard To Find

Are you looking for a deal in a Short Sale or Bank Owned home in Santa Clara County? If so, don't bother. The inventory of distressed properties in the county is so low it is not worth doing a specific search for either a short sale or…

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Added by Marcy Moyer on January 2, 2013 at 10:30pm — No Comments

Big News For Blossom Valley Short Sales: Fannie and Freddie Changes

Great news for people who need to short sell their Blossom Valley

or Silicon Valley home!

If you have a hardship, loss of job, divorce, change in financial circumstance from medical or family issue, etc, you can now be considered for a short sale even if you have not…

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Added by Marcy Moyer on January 2, 2013 at 10:30pm — No Comments

San Mateo County: 2012 Short Sale and Foreclosure Roundup

As the year comes to a close you may be wondering what the foreclosure and short sale market looks like in San Mateo Clara County. In a word, things are pretty quiet. The numbers of sales are down. Here is what it looks like:

Santa Clara County Short Sales

Closed sales from June 1,2012 to Dec 26, 2012:  

 …

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Added by Marcy Moyer on December 26, 2012 at 2:00pm — No Comments

Need a Probate Real Estate Agent, Hire a Foreclosure Specialist

If you are the Personal Representative for an estate that has property to sell it will be your responsibility to pick a real estate agent to list the home for sale. If you do not know any agents who are familiar with Probate sales, you have another excellent option, a Foreclosure specialist.

Foreclosure specialists, also known as REO agents, have the skills needed to be a successful Probate Agent. 

Here are the similarities:

1. Pricing your home: REO…

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Added by Marcy Moyer on December 14, 2012 at 10:29pm — No Comments

Bank of America Comes into the 21st Century With Electronic Signatures

I am so excited about this news! I know, it doesn't take much for me to get excited, but this is really big news in my opinion.

Up until now if you were involved in a Silicon Valley Bank of America Short Sale they did not take electronic signatures. This would have been ok if the bank could sit with you in your conference room and look at the offers. We all know this…

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Added by Marcy Moyer on October 16, 2012 at 10:00pm — No Comments

Watch Out For Blossom Valley Short Sales When The Seller is a Realtor

I was reading about short sales, as I do every Sunday morning on a great site for short sale information Short Sale Superstars. There was a discussion about a Bank of America Short Sale that had been approved, and then denied after the approval, a few days before closing. The reason:

The seller was a real estate broker and the listing agent works for the seller. The buyer…

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Added by Marcy Moyer on October 8, 2012 at 9:30pm — No Comments

Sometimes a Blossom Valley Short Sale Is Not The Right Answer

Yesterday I got a call from a client I will never forget. She said "I was able to modify my loan, I can keep my Blossom Valley house, and you were the only one who believed I could do this, so thank you." This made me so incredibly happy.

So what happened was this client and her then husband were pregnant with their first child and ready to buy a home together. They found their dream home in Blossom Valley with my help, purchased it in 2006 with 10%…

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Added by Marcy Moyer on September 12, 2012 at 9:00pm — No Comments

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