3265 MACHADO AVE, SANTA CLARA
Beds: 3
Baths: 2
List Price: $399,900
List Date: 1/28/2009
Lot Size: 5000.00 SF
SqFt: 1078
Age: 54
Year Built: 1955
Neighborhood: Bowers Crest
School District: Santa Clara Unified
Another great deal that being offered by the bank. $400K will get you a simple 3 bedroom 2 bath home in a nice quiet neighborhood. This same home sold for around $650K three years [...]
(great article on short sales, very accurate assesment of the time and expectation. Although the article refers to the Sacramento area, the same opportunities are here in the Santa Clara Valley. -Vinicius)
Short sales – where a lender agrees to take less than it’s owed on a mortgage – are rising sharply. Here’s how [...]
I just got my short sale listing 2122 Ventura Place in Santa Clara in contract. The sellers and I initially tried to sell the home where the sellers could possible come out clean without a short sale on their record. As the market deteriorated however, this proved to be an impossible venture and eventually we [...]
4534 LAIRD CI, Santa Clara (map)
Type: Townhouse
Status: Active
List Date: 11/25/08
Price: $524,900
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Continue reading about Rivermark Town home, REO, Unbelievable Deal
They key to spotting a market bottom is by following the home inventory levels of a specific market. Once the inventory of homes reaches a top and starts to declince that means the buyers are beginning to overtake the sellers, and hence supply and demand are changing. Here we take a look at the recent historical level [...]
Continue reading about Inventory: Its Growing in Santa Clara County
You hear on the tv and the paper that you can get a great deal on an REO. You expect 50% savings off your dream home, after all isn’t this the worst real estate market in history? Sounds great and it might just happen, but first you should take a look at some facts and [...]
Continue reading about Santa Clara County REO’s good deal or not?
Short sales happen when home values fall and sellers do not receive enough cash from a buyer to pay off their existing mortgages, providing lenders agree to take less than the amount owed to them.
On the surface, it may appear that a short-sale buyer is getting a good deal. Although a slim margin of short [...]
Continue reading about Should I Buy a Short Sale in the Santa Clara Valley?
Pending Sales Santa Clara County – Real Estate Market Indicator
I always review the Santa Clara County home sales at the end of the week by checking the pending sales. This is a good way of checking the strength of the market in terms of buying activity. I usually compare from the previous year’s figures to gauge performance. It appears that 2009 has started out [...]
Continue reading about Pending Sales Santa Clara County – Real Estate Market Indicator