Lisa Wiseman
Here you will find valuable information such as local market reports and updates, information on foreclosures and short sales, area home values and appreciation, tax tips, Home Seller and For Sale By Owner Tips....
CASH INVESTORS NEEDED FOR SHORT SALES
Update: If you are a cash investor, then you are aware of the current changes in the market. Since
the Home Buyer Tax Credit has expired, This means that short sales, which will, become easier, and will not be an option for many home buyers who are not investors like yourself.
As you are aware, many more short sales will be on the market this year due to ARM resets, shadow inventory and recent expiration of moratoriums. Everyone is looking for the REO bargain, which are harder to come by and in very high demand.
Be a part of the opportunities the near future has to offer, but don't wait. Foreign investors are stepping up to the plate.
Please, no investor/negotiators.
Investors: Ask Me About the Deferred Sales Trust Strategy-A Great Way to Receive an Income Stream
International Investment Property Search
Investor Market, Mortgage Job and Vacancy Charts
LOCAL MARKET UPDATES (8/09/10):
A total of 1,177 single family homes have sold since July.
There are 3,182 active listings and 2,403 pending.
Santa Clara Valley Inventory Statistics
ALMADEN REAL ESTATE MARKET STATISTICS
(Single Family Homes)
Currently we have 122 active homes, 61 pending and 28 homes have sold since July .
Average sales price was $984,432.
We are experiencing LOTS of activity here in Almaden. Almaden, like many real estate markets, has several communities.
Not all reflect the pricing and activity seen in this graph. Contact e should you have any questions or need an accurate analysis
of the current value of your home.
More 95120 Home Values
WILLOW GLEN REAL ESTATE MARKET STATISTICS
(Single Family Homes)
There are 246 Active listings, 61 pending, and 64 homes have sold since July.
Average sales price was $675,603.
DOWNTOWN SAN JOSE REAL ESTATE MARKET TRENDS & STATISTICS
(Single Family Homes)
There are 179 active listings, 143 pending, and 49 homes sold in July. Slowing down a bit in this area.
Average sales price was $508,092.
We all know downtown is a very eclectic area in terms of home styles and prices. Sales have slowed somewhat.
95112, San Jose Recently Sold Homes
95112, San Jose Homes For Sale
CAMBRIAN REAL ESTATE MARKET TRENDS & STATISTICS
There are 180 active listings, 89 pending and 67 sold since July. The average
sales price was $634,461.
More 95124 Home Values
CAMPBELL REAL ESTATE MARKET STATISTICS
There are 180 active listings, 89 pending, and 67 homes have sold since July.
The average sales price is $696,052.
LOS GATOS REAL ESTATE MARKET STATISTICS
There are 205 active listings, 63 pending and 45 have sold since July.
The average sales price is $1,418,135.
Investors: If you are looking for a Realtor who:
Is Easy to work and partner with
- Is Willing to tell you the truth and only the truth
- Is responsive and reliable
- Is service-oriented
- Provides you with the information you need
- Wants you to profit and succeed and exceed your goals
Then we would work well together. Contact Lisa at (408) 591-7778 or LWiseman@InteroRealEstate.com
California Real Estate Investors
What is Your Home Worth?
Whether you're planning to sell or invest in property, I would be happy to supply you with a Free Market Analysis to help calculate the fair market value of your home. I can also provide you with a current list of available homes or investment properties based on your needs. Get your FREE HOME WEB SITE by signing in at the top of my site. You will receive your own personalized home web site as well as details on homes listed and sold in your neighborhood. There is no obligation, it's a free and invaluable tool for you, my seller clients! FSBOs, keep track of your property and neighborhood values with your own, free, unique website. Just register and I will set up your site for free. If you
are a home owner behind on your payments, contact me at (408)591-7778 for resources and options.
It’s Not Just A House, It’s A HOME…
Whether you’ve lived in your home 2 years or 20 years, you know it’s not just a shelter, or even another investment.
It’s the place where your dreams come to life. In flower gardens and family rooms. Backyard barbecues and home-
cooked Sunday dinners. It’s the place we raise our children. The nest we nudge them out of, and welcome them back
to again and again. And for some, it’s even our place of business.
But there comes a day when it’s time to move on. Time to reflect on old memories, and build new ones. Time to leave
the past behind for a new future. It’s no wonder why selling a home is often emotionally charged and potentially overwhelming. I understand. That’s why I am dedicated to making your transition smooth and care free. Helping you
make the process simpler. Helping you save money, and avoid costly pitfalls. If you’re planning a move soon, I’d like to share with you my Free consumers handbook, “How To Avoid 7 Costly Mistakes When Selling Your Home.” My booklet is free as a consumer service to my neighbors and friends, and there’s no obligation whatsoever.
If you would like more information on selling your home, tax exclusions, or any of my Free Reports, located at the bottom of this page, please fill out the form below, or contact me at (408) 591-7778.
Warmest Wishes,
Lisa Wiseman
REDUCE YOUR PROPERTY TAXES
If you weren't fortunate enough to benefit from Prop. 13, then maybe Prop. 8
can help you out. If you have had a substantial decline in property value,
fill out this form, and you just might have your taxes reduced.
FORECLOSURES AND SHORT SALES
Short Sales
A short sale means the seller's lender is accepting a discounted payoff to release an existing mortgage. Just because a property is listed with short sale terms does not mean the lender will accept your offer, even if the seller accepts it. Be aware that the seller will need to be in default, to have stopped making mortgage payments, before a lender will consider a short sale. Also, the seller might have over-encumbered, owe more than the home is worth.
Buyers pursue short sales to get a good deal. So when you see a price listed for a home that you think is too low for the neighborhood, before you jump on that price, ask your agent to call the listing agent to find out if the home is a short sale and to check the public
records for title and loan history. Because you might want to think twice about making an offer on a pre-foreclosure, short sale home. It's not as simple as you may believe, and very few can close in 30 days or less.
Foreclosures & REOS
A foreclosure occurs when payments have not been made on a mortgaged property. The lender can legally redeem or take the property away from the owner. In general, lenders will begin the foreclosure process after three months of defaulted payments. Prospective buyers will often try to find foreclosures when purchasing a new property. A home that is foreclosing may be priced way under its marketplace value as the lending institutions are motivated to sell these properties as quickly as possible. In addition, there are those who believe that purchasing a property that is being foreclosed is an excellent investment opportunity. They can resell the property at a later time at a much higher price.
A typical foreclosure goes through three phases. In the pre-foreclosure phase, the lender will initiate a foreclosure due to a default of payments. If the borrower does not (or cannot) pay back what is owed, the property will be sold at a public auction (this auction is phase two). If the property is not sold at auction, the lender gets it back and it becomes a REO (Real Estate Owned). The exception to this process occurs if the loans happen to be insured by a federal agency such as HUD, Fannie Mae, or the Department of Veterans Affairs (VA). In this instance, the agencies will pay the lenders and take over the property, at which point they will prepare to sell it.
REOs are properties that have not been sold at auction and are now in the possession of the lender, who is usually eager to sell them quickly. It helps to follow properties that you are interested in through all the foreclosure phases. Therefore, you will know if it becomes a REO. In addition, many lenders deal directly with realtors so you may want to speak to your local realtor about possible foreclosures.
Please feel free to contact me at (408) 591-7778 or LWiseman@InteroRealEstate.com if you would like to receive a list of foreclosures in your area.
Ask Me How You Can Save up to $500,000 on Capital Gains Tax & How Proposition 60 & 90 Can Save Seniors Thousands!
Refer-a-Friend Program! When you refer a friend or buy and sell with me, I'll give you a bonus!
When you sell your home with me, you will also receive a valuable Passport Dining card.
Ask for my 28 Step Marketing Plan and how it Benefits You .