Mountain House Home For Sale

This new listing located at 421 Bethell Drive is great looking home.  This single story home  is open spaced and large.  The master suite is spacious and is away from the living room and kitchen for great privacy.  Mountain House is a great community with highly rated schools and a recent ground breaking on a new high school.  For a viewing contact me via this page and let’s make this one your home!

New Listing in South Hayward!!!!

This stylish Fairway Park area home can be your next home.  It is a 3 bedroom 2 bath home and is listed at 1449 square feet.  This home boasts of a backyard made for entertaining.  Open house dates are scheduled for 6/16/12 from 3-5p.m. and 6/17/12 from 2-4p.m.  If you are looking for a home in the South Hayward area you don’t want to miss this one…

Foreclosure Stats For April 2012

I was doing some research on foreclosures and stats and I found some interesting numbers I wanted to share.  Here’s a breakdown of cities in Santa Clara for Foreclosure filings in April 2012:

  • Campbell          23 Foreclosure Properties/1 in every 844 housing units
  • Cupertino           4 Foreclosure Properties/1 in every 5508 housing units
  • Gilroy                53 Foreclosure Properties/1 in every 333 housing units
  • Los Altos             6 Foreclosure Properties/1 in every 2610 housing units
  • Los Gatos          18 Foreclosure Properties/1 in every 904 housing units
  • Milpitas             31 Foreclosure Properties/1 in every 641 housing units
  • Morgan Hill      43 Foreclosure Properties/1 in every 363 housing units
  • Mountain View 15 Foreclosure Properties/1 in every 2269 housing units
  • Palo Alto            27 Foreclosure Properties/1 in every 1256 housing units
  • San Martin          6 Foreclosure Properties/1 in every 326 housing units
  • San Jose          601 Foreclosure Properties/ 1 in every 536 housing units
  • Santa Clara       53 Foreclosure Properties/1 in every 847 housing units
  • Saratoga              4 Foreclosure Properties/1 in every 2845 housing units
  • Sunnyvale         34 Foreclosure Properties/1 in every 1645 housing units

This information is from and provides solid numbers on foreclosure filings in Santa Clara County.  There is talk of foreclosures to be soon on the rise.  When the May numbers are released we can monitor month to month if that trend is on the rise or decrease.  I’ll update on this blog once those numbers area available.


Memorial Day Weekend 2012

First I’d like to start by saying how thankful my family and I are to all of the troops who have paid the ultimate sacrifice for this country and our freedoms.  All of us know, have known, or will know somebody who is in the military and we can all relate…

As for some of the freedoms that have been afforded by the service men and women that is the turn my weekend took.  My brother graduated San Jose State and is off to more school in the Pharmaceutical Studies field in Southern California.  It was great to see all of my family and I really enjoyed getting together.  My parents had a taquero (guy who comes to your home and makes tacos) and a full bar.  There were interesting stories spun by family members, and I’m not sure all were true…

Sunday started a little slow, I’m sure you can guess why… My wife, two sons, and myself went to a pancake house in Fremont.  My wife swears by the banana pancakes at the Original Pancake House in Fremont.  After the sugar overload I attempted to rest when we got home.  My two boys then decided it was baseball time and dragged me off of the couch to play some ball.  After an hour of joining in on some baseball I was able to convince them they had enough.  We then got ready for our local little league’s Movie night.  It’s always a great night out with hot dogs, popcorn, and drinks provided by the league as we watch a baseball movie outdoors on one of our fields.  It does get cold, but somehow we always make it through and enjoy the time with our little league family.

Graduation, little baseball, and even the work I will do today are all afforded by our troops that have served in our military to preserve all that is good about this country of ours.  I am a thankful individual for all you do and sacrifice for people you do not even know.

In Memory of our fallen troops, enjoy your Memorial Day…


198 Kirk Ave San Jose, Ca Back On The Market!

Here’s a great starter home in the Alum Rock area of San Jose.  We received the short sale approval and the buyer walked away due to no fault of the property.  Their loss is your opportunity to own a great starter home in this market where inventory is very limited!  This is a 2 bedroom home on a big lot.  This home is located within walking distance to a Save Mart grocery store, Bank Of America bank, a  gourmet deli, and many more eateries.  If you are in the market and call me today!

Inventory and Offer Strategy

I’ve been looking for homes and townhouses in Santa Clara and Alameda Counties for home buyers for the last 6 months and there is one thing every buyer in today’s market needs to understand.  Inventory is very low!  Here’s a couple of things I’ve been advising my buyers in this market:

Be patient with the process and understand there will be a lot of competition in this market.

Plan to offer at list price or above if you truely want that home.

See the property as soon as possible.  Some homes are on the market for less than 7 days then it goes sale pending.  Being proactive in this market will help in your home search.

Keep open line of communication with your lender.  When submitting an offer your agent will need an updated pre-approval letter and if your lender is difficult to make contact with it could mean the difference between having your offer reviewed or not.

There has been talk of shadow inventory hitting the market for well over a year now.  The truth is nobody knows if or when more inventory will open up.  So as you go through you the process of your home purchase understand what the market is doing and this will better prepare you as a buyer to navigate the process with your team of lender and Realtor.

VA Financing To Purchase Your Home

I’ve been fortunate to meet with a couple starting their road to a home purchase this week with plans on using VA financing.  I take it for granted that everyone knows the process for purchasing a home using this type of financing.  As I explained the process I noticed more questions arose from my explanation of the process.  I then thought it would be a great opportunity to share the process with everyone. Here’s the process overview:

You need to be pre-approved with a lender that does VA financing.  Not all lenders do VA financing, and those that offer this type of financing may only do 1 of these loans every few years.  Ask how many VA loans your loan consultant has done in the last 12 months.

Make sure your agent previews homes before taking you to see each property.  Because the VA loan has special requirements, fixer uppers may not work.  Your agent should be able to “weed” out properties that won’t qualify.

Once you find an acceptable property, understand that your agent may need to pitch your offer strongly to the seller’s agent.  Some sellers and seller’s agents may not be aware of the process of the VA loan and may be scared off even though you have submitted a strong offer.

Once in contract expect to have to pay anywhere from $400-1000, depending on the homes size, out of pocket for inspections required by the Veterans Administrations underwriter.  Also be prepared to pay anywhere from $400-$1000, depending on the home size, for a VA appraisal.  The appraisal is a more in depth valuation than a standard appraisal and thus may have higher cost depending on your lender.

Once your reports are completed, understand that you will need to have roof and Section 1(which is defined as noted areas of active termite infestation or other wood-destroying insects or organisms like dry-rot fungus or likely caused by water intrusion.) clearance.  If the home does have some defects in these two areas you will have to renegotiate this work to be completed by the seller prior to proceeding to the closing phase of the process.  This is required by VA.

Once the last hurdled has been completed you can proceed to the closing phase, which is then like any other home purchase.

The VA loan is a great tool for our Veterans to purchase, buy a move up home (only 1 VA loan can be in use at a time), or refinance.  The no down payment option is great for the borrower and rates on these loans are close if not equal to conventional financing.  If you find yourself using this type of financing just be prepared for the process, and patience is the key.  Work with a lender that has knowledge with the VA loan and a Realtor that has experience working with VA buyers.  This will help your process move along smoother.

Good luck and happy house hunting!


Homes For $100 Down Payment in Select States

The United States Department of Housing and Urban Development (HUD) is offering homes for $100 down payment in select states.

The buyer must live in the home, secure finanincing insured by the Federal Housing Administration (FHA), and the sale must be for the full list price.

The program has been approved for two of the four national regions. The regions mananged by the Atlanta and Denver Homeownership Centers.

HUD homes in the following states listed are eligible:

Denver Homeownership Center
New Mexico
North Dakota
South Dakota

Atlanta Homeownership Center
North Carolina
South Carolina
The Carribean

Let’s see if the State of California will be allowed to participate in this program.

IRS Summertime Tax Tip 2011-15

I’ve been sent this info and I thought I would pass it along.  The following info might be very useful to anyone looking to sell their home:

The Internal Revenue Service has some important information to share with individuals who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may qualify to exclude all or part of that gain from your income. Here are ten tips from the IRS to keep in mind when selling your home.

  1. In general, you are eligible to exclude the gain from income if you have owned and used your home as your main home for two years out of the five years prior to the date of its sale.
  2. If you have a gain from the sale of your main home, you may be able to exclude up to $250,000 of the gain from your income ($500,000 on a joint return in most cases).
  3. You are not eligible for the exclusion if you excluded the gain from the sale of another home during the two-year period prior to the sale of your home.
  4. If you can exclude all of the gain, you do not need to report the sale on your tax return.
  5. If you have a gain that cannot be excluded, it is taxable. You must report it on Form 1040, Schedule D, Capital Gains and Losses.
  6. You cannot deduct a loss from the sale of your main home.
  7. Worksheets are included in Publication 523, Selling Your Home, to help you figure the adjusted basis of the home you sold, the gain (or loss) on the sale, and the gain that you can exclude.
  8. If you have more than one home, you can exclude a gain only from the sale of your main home. You must pay tax on the gain from selling any other home. If you have two homes and live in both of them, your main home is ordinarily the one you live in most of the time.
  9. If you received the first-time homebuyer credit and within 36 months of the date of purchase, the property is no longer used as your principal residence, you are required to repay the credit. Repayment of the full credit is due with the income tax return for the year the home ceased to be your principal residence, using Form 5405, First-Time Homebuyer Credit and Repayment of the Credit. The full amount of the credit is reflected as additional tax on that year’s tax return.
  10. When you move, be sure to update your address with the IRS and the U.S. Postal Service to ensure you receive refunds or correspondence from the IRS. Use Form 8822, Change of Address, to notify the IRS of your address change.

For more information about selling your home, see IRS Publication 523, Selling Your Home. This publication is available at or by calling 800-TAX-FORM (800-829-3676).

I’ve cut and pasted the info above from the IRS website.  Here’s a link:,,id=243682,00.html