Friday, November 13, 2009
Sale Pending on 607 Valley Forge Way #4!
Witihn days we had 1 offer that didn't work out and a week later a second offer that has moved this property to Sale Pending. Thanks for showing!
Friday, November 6, 2009
Just Listed 607 Valley Forge Way #4 in Campbell
607 Valley Forge #4 in Campbell has just been listed for $275,000 and an offer in hand! Please send your offers to me ASAP!I am proud to present a brand new listing in 607 Valley Forge Way #4 in Campbell! The property has been completely remodeled please forward this to any of your friends and family who may be interested.
Here are the specifics on the property:
List Price: $275,000, 2 Bedrooms, 1 Bathrooms, 840 Sq Ft, 1742 Sq Ft Lot- Fully Remodeled With Over $30k of Upgrades Move in Condition!
- Pergo Hardwood Floors Throughout, Newer Cabinetry, Granite Countertops, Appliances, Recessed Lighting, Two Toned Paint and Partially Tiled Floors
- 2 Bedrooms, 1 Bathroom Condominium in Campbell, 840 Sq Ft With a 1,742 Sq Ft Lot- Private End Unit on the Second Floor With Oversized Balcony for Entertaining Guests
- Parking Steps Away From the Front Door and Plenty of Street Parking- Low Association Dues at $240 p/month. Amenities Include Hot Water, Garbage, Exterior Paint and Common Area Maintenance
- Quick Access to San Tomas Expressway, Highway 17, 85 and 880
Tuesday, September 8, 2009
Alan Wang's Twitter Feed!
As you have noticed I have been extremely busy helping clients buy and sell Real Estate that I have not had time to keep my blog up to date. I am experimenting with a Twitter feed to be able to keep you up to date quickly yet with minimal impact on my time requirements. Please follow me today!
http://www.twitter.com/AlanWangRealty
http://www.twitter.com/AlanWangRealty
968 Amstutz Drive in San Jose Sold!
968 Amstutz Drive in San Jose was sold for $693,000 with 5 offers. I had the opportunity to also represent a wonderful Buyer as well. This property ultimately sold for $7,000 under list price which is well in-line with the comparables that surround this property.
Sunday, July 19, 2009
968 Amstutz Drive Available Again!
968 Amstutz drive had an offer the Monday after the first open house and went into pending very quickly. However the Buyer's loan did not go through and the property is now back on the market1 Those of you that missed this property the first time, it is back on the market!Since there has been so much interest in the property, we have provided more time for Buyers to preview the home.
Join us for an Open House Sunday July 19th from 1PM to 2PM and also July 25th and July 26th from 1PM to 2PM. Offers will be reviewed on July 27th by 5PM. Please e-mail offers to alan@alanwangrealty.com or fax to (408)516-9325.
Disclosures and inspections are all available contact me for more details!
Monday, June 22, 2009
Just Listed 968 Amstutz Drive San Jose 95129
Single Family home in coveted West San Jose for a bargain price! Property was babied by the owner; move in ready and attain the dream of owning a home with an ample front and backyard space for a great price!
Highlighted Features:
- 3 Bedroom, 2 Bathroom, 1,371 Sq Ft Living Space
- Spacious 6,300 Sq Ft Lot
- Refinished Original Hardwood Floors Throughout Majority of Property
- Spacious Living, Dining and Family Rooms
- Kitchen with enormous counter surface area as well as breakfast bar
- 2 Fireplaces in Living and Family Rooms
- Private Unit Nested on a Quiet Street
- Schools: Easterbrook Discovery (K-8), Prospect High School
- Quick Access to Lawrence Expressway, Saratoga Avenue, Highway 280 and 85
- Spacious 6,300 Sq Ft Lot
- Refinished Original Hardwood Floors Throughout Majority of Property
- Spacious Living, Dining and Family Rooms
- Kitchen with enormous counter surface area as well as breakfast bar
- 2 Fireplaces in Living and Family Rooms
- Private Unit Nested on a Quiet Street
- Schools: Easterbrook Discovery (K-8), Prospect High School
- Quick Access to Lawrence Expressway, Saratoga Avenue, Highway 280 and 85
Call me at (408)313-4352 or e-mail me at alan@alanwangrealty.com for more information!
Wednesday, April 1, 2009
April Real Estate Update
Market Summary
It has been a turbulent time in the real estate market for every single one of us across the nation, but there could be small signs of relief. It has been a tough market for the last year and especially in the month of October. Many folks are nervous about the economy, job security and the overall situation at hand. On the real estate front I am seeing some better news to report.
In the last few weeks and there has been an uptick in buying activity; agents in my office are writing offers as well as many of my clients. A client of mine put an offer on a house that was relisted and to our surprise the home sold at list price in a very short period of time. Another investment property for a separate client had 5 offers, all of which were countered. Investors and a contingent of Buyers seem to be cautiously seeking out deals in the market place. Homes under $500,000 have been seeing competition even multiple offers and I am seeing some activity in ranges higher than $500,000 as well. These are faint indications and hardly any sign of a grand recovery. The next few months can help us gauge if this is a trend or just an outlier. If you have been on the sidelines, now maybe the time to start thinking about taking advantage of good properties in the marketplace.
An interesting article on rising home sales in February in the New York Times:
http://www.nytimes.com/2009/04/02/business/economy/02econ.html?hpw
By chance I was at my local bank and walked over to ask what the mortgage rates were for the day. In my career I have never seen my bank have rates even comparable to what my loan agents find in the marketplace. To my surprise the rate that was being offered was extremely low. Mortgage rates are at their lowest ever recorded by Freddie Mac and Fannie Mae and it shows! Call your loan agent, call a few banks and go with whichever group has the best rate for a refinance or purchase.
An interesting article in the Mercury News that these are the lowest rates every recorded:
http://www.mercurynews.com/realestatenews/ci_12005655?source=email
New Loan Breakdowns
It used to be that anything above $417,000 was considered a jumbo (and below is a conforming loan). Today there is an intermediate loan product called a jumbo conforming which handles loans between $417,000 to $729,750 which still has decent rates. Any loan amount above $729,750 is considered a jumbo loan and rates are much higher than either conforming or jumbo conforming products. Second loans are pretty much no longer in existence, the model of private mortgage insurance has returned. For those of you who have a 1st loan you do not plan to refinance, some good advice given to me was to take out an equity line of credit (while in a good job situation) which has low rates currently for emergency situations.
Check with your loan agent, accountant and financial advisor to ensure this strategy makes sense for your circumstance.
Reminder Property Tax is Due April 10th
Just a reminder that property tax in Santa Clara County is due on April 10th! There will be a penalty if you pay past this date. Go to http://www.scctax.org/ or call the County of Santa Clara at (408)808-7900.
Beware of Mortgage Foreclosure Consultants
There are legitimate Mortgage Foreclosure Consultants out there, but there have also been many fraudulent companies in these tough times. Mortgage consultants are not allowed to collect any upfront fees until services are fully rendered; this is the first and most common indication that this is a questionable company.
Long Term Investments
It is critically important to step away from the short run and focus on the long run. Any investment should be a long term investment. We have seen time and time again that the economy is cyclical but trends tend to be overall upward in the long run. Position your real estate property for the long run and ride through this turbulent time. If you have an opportunity to do so, it maybe time to buy a property at this low point, so that you can take advantage of the upside once it returns.
If you or someone you know needs Real Estate help, I will do all that I can in my power to assist them.
It has been a turbulent time in the real estate market for every single one of us across the nation, but there could be small signs of relief. It has been a tough market for the last year and especially in the month of October. Many folks are nervous about the economy, job security and the overall situation at hand. On the real estate front I am seeing some better news to report.
In the last few weeks and there has been an uptick in buying activity; agents in my office are writing offers as well as many of my clients. A client of mine put an offer on a house that was relisted and to our surprise the home sold at list price in a very short period of time. Another investment property for a separate client had 5 offers, all of which were countered. Investors and a contingent of Buyers seem to be cautiously seeking out deals in the market place. Homes under $500,000 have been seeing competition even multiple offers and I am seeing some activity in ranges higher than $500,000 as well. These are faint indications and hardly any sign of a grand recovery. The next few months can help us gauge if this is a trend or just an outlier. If you have been on the sidelines, now maybe the time to start thinking about taking advantage of good properties in the marketplace.
An interesting article on rising home sales in February in the New York Times:
http://www.nytimes.com/2009/04/02/business/economy/02econ.html?hpw
By chance I was at my local bank and walked over to ask what the mortgage rates were for the day. In my career I have never seen my bank have rates even comparable to what my loan agents find in the marketplace. To my surprise the rate that was being offered was extremely low. Mortgage rates are at their lowest ever recorded by Freddie Mac and Fannie Mae and it shows! Call your loan agent, call a few banks and go with whichever group has the best rate for a refinance or purchase.
An interesting article in the Mercury News that these are the lowest rates every recorded:
http://www.mercurynews.com/realestatenews/ci_12005655?source=email
New Loan Breakdowns
It used to be that anything above $417,000 was considered a jumbo (and below is a conforming loan). Today there is an intermediate loan product called a jumbo conforming which handles loans between $417,000 to $729,750 which still has decent rates. Any loan amount above $729,750 is considered a jumbo loan and rates are much higher than either conforming or jumbo conforming products. Second loans are pretty much no longer in existence, the model of private mortgage insurance has returned. For those of you who have a 1st loan you do not plan to refinance, some good advice given to me was to take out an equity line of credit (while in a good job situation) which has low rates currently for emergency situations.
Check with your loan agent, accountant and financial advisor to ensure this strategy makes sense for your circumstance.
Reminder Property Tax is Due April 10th
Just a reminder that property tax in Santa Clara County is due on April 10th! There will be a penalty if you pay past this date. Go to http://www.scctax.org/ or call the County of Santa Clara at (408)808-7900.
Beware of Mortgage Foreclosure Consultants
There are legitimate Mortgage Foreclosure Consultants out there, but there have also been many fraudulent companies in these tough times. Mortgage consultants are not allowed to collect any upfront fees until services are fully rendered; this is the first and most common indication that this is a questionable company.
Long Term Investments
It is critically important to step away from the short run and focus on the long run. Any investment should be a long term investment. We have seen time and time again that the economy is cyclical but trends tend to be overall upward in the long run. Position your real estate property for the long run and ride through this turbulent time. If you have an opportunity to do so, it maybe time to buy a property at this low point, so that you can take advantage of the upside once it returns.
If you or someone you know needs Real Estate help, I will do all that I can in my power to assist them.
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