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Tuesday, September 30, 2014

Selling your Milpitas home and the Multiple Listing Service

Selling your Milpitas home and the Multiple Listing Service

Selling your Milpitas home and the Multiple Listing Service 001   The Multiple Listing Service is a proprietary database of all properties currently under an active listing contract in a given area. All active participating agents and brokers who belong to this MLS will have detailed access to current information about your property listing. Typically a buyer's agent searching for a new home for their clients will learn about your property listing through this online database.  

The Good about Selling your Milpitas home and the Multiple Listing Service

In this day and age Selling your Milpitas home and the Multiple Listing Service usually go hand in hand. By your home being marketed in the MLS, this in fact may affect how fast and for how much you can sell your home for. Specially if we are experiencing a sellers market, it is one of the best ways to market your home online and receive a lot of interest on your property because for an agent that's representing a buyer (other than personally inspecting the listing) it's usually the most accurate source of information available online.  

The Bad about Selling your Milpitas home and the Multiple Listing Service

MLS has it's basic platform to market your property and it's up to the listing agent to make the property stand out. Many times the homes don't sell themselves and when not properly marketed by the listing agent it will not stand out. Your property becomes just another home for sale in the MLS.  

The Ugly about Selling your Milpitas home and the Multiple Listing Service.


Selling your Milpitas home and the Multiple Listing Service 002Normally when the MLS is used by the right Realtor or Agent, there is no ugly side, but when all this information is being put together by someone else without proper training the information becomes either misinterpreted or misunderstood. Most information will become convoluted and your property listing gets lost in a sea of information along with other outdated pieces of information.


To recap on Selling your Milpitas home and the Multiple Listing Service, it is exceptionally good to use the MLS when used by the right professionals who understand and know how to interpret the information.  

Want an actual and accurate estimate of the current value of your home? Then just simply call me;
Alex Urbano Tafoya local Milpitas Broker/Owner at 408-753-7773 or to Receive an online actual FREE estimate go to Home Value Estimate HERE

Milpitas Real Estate Activity and Trends

Milpitas Real Estate Activity and Trends.Milpitas Real Estate Activity and Trends 09.30.14 002

Here is the latest Milpitas Real Estate Activity and Trends;
  • One property went pending on Sept. 29, 2014, the recently pending property is located on Daniel Ct. in Milpitas, CA. 95035 near Highway 680 off of Jacklin Rd.
  • The townhome was original listed on July 21, 2014 for the price of $549,888.
  • The listed price was lowered almost 30 days later on August 14, 2014 to $545,000.
The recently pending townhouse on Daniel Ct. has 2 bedrooms and 2.5 bathrooms. This cozy 29 year old townhome was built in 1985. The home measures approximately 1,223 square ft. but the high ceilings make it feel much larger than that. The townhouse has a fully upgraded kitchen with granite countertops, newer carpet and newer interior paint. The home is in and excellent location for kid(s) schools; William Burnett Elementary, Thomas Russel Middle Schools and Milpitas High School. Of course the home is in proximity to shopping & easy access to Hwy.

Find the Value of YOUR HOME Today!

 

Property Features

Milpitas Real Estate Activity and Trends 09.30.14 001


Milpitas Real Estate Activity and Trends Location Information

County: Santa Clara
Neighborhood: Milpitas
Cross Street: N PARK VICTORIA

Interior Features

1/2 Baths: 1
Dining Room Description: Dining Area in Living Room, No Informal Dining Room
Has Family Room: No
Family Room Description: No Family Room, No Separate Family Room
Kitchen Description: Dishwasher, Oven Range
Amenities: High Ceiling
Has Fireplace: No
Heating: Gas
Cooling: None
Floors: Carpet - Area, Tile, Laminate, Carpet - Wall to Wall, Vinyl/Linoleum
Laundry: In Garage, 220 Volt Outlet

Exterior Features

Foundation: Concrete Perimeter
Roof: Composition
Parking Description: Detached, Guest / Visitor Parking, Off-Street Parking
Garage Spaces: 2
Lot Size in Acres: 0.03
Lot Size in Sq. Ft.: 1, 307
Zoning: R1
Has View: yes
View Description: Mountains

Additional Information

Property Type: CND
Property SubType: Townhouse
Year Built: 1985
Fees Include: Landscaping/Gardening, Pools, Spa, or Tennis, Management Fee, Roof, Common Area Electricity, Exterior Painting, Fencing, Insurance - Common Area, Insurance - Earthquake, Unit Coverage Insurance
HOA Fee: 298 HOA
Includes: Community Pool, Sauna/ Spa/ Hot Tub
These are the latest Milpitas Real Estate Activity and Trends for Sept 30, 2014 for more info please visitwww.mymilpitashome.com

Monday, September 29, 2014

Free Milpitas Home Search, Yes Totally FREE

Free Milpitas Home Search, yes totally Free.

Free Milpitas Home Search

I invite you search ALL homes in Milpitas, the south bay and the entire local bay area. Believe me, me or my mls search site will not ask you to fill anything out, we will not ask you for your email, your personal information or anything like that. I want to provide you with a totally FREE Milpitas Home Search, yes totally Free no strings attached. Why? Well because first of all you're just looking, basically kicking the tires, you're not a serious seller or buyer. You are either curious about the Milpitas real estate market or your comparing the home that you currently have to what's currently for sale or you might be just comparing that home you are planning to buy or you liked at one time. Secondly, that's just who I am, I'm like you, I like to look around too and I don't like to be pressured or have someone come up to me every 5 minutes asking me for my information just to simply look at some homes.

But if you are or when you become a serious seller or buyer you will know that you have just came across an Awesome real estate agent who happens to be an actual local independent real estate broker who's just a regular person just like you, that loves a good cup of coffee in the morning, great food (all food trust me) and likes hanging out with friends just like you, but who happens to know a thing or two about selling and buying homes in MilpitasSan JoseFremontSanta ClaraMorgan HillGilroy,Sunnyvale and Mountain View (just to name a few).

If you are a serious seller or buyer you might want to know what makes me stand out from the rest. To the serious seller or buyer I would say that it's my competitiveness, integrity, honesty, and fair way of conducting business followed by a clear work ethic combined with experience and relentless research to work alongside of my serious sellers or buyers, guiding them to make one of the most important sales or purchases of their life, expertly negotiating with respectful demeanor demanding the best concessions possible to give you the best deal possible when selling or buying a home in MilpitasSan JoseFremont,Santa ClaraMorgan HillGilroySunnyvale or Mountain View.
Free Milpitas Home Search, Yes Totally FREE 002
What you need to know is that I love what I do, I love my career in Selling homes and i'ts not about me, it's all about YOU, past sellers and buyers have benefited from the experienced way we guide them through the entire selling or buying process, one of my favorite parts of my professional career is explaining the listing or buying processes and explaining the listing or purchase contracts by going through every line, every disclosure and every obligation the seller or buyer has (or doesn't have). Not just explaining it, but making sure YOU understand it and get it.

When YOU are ready sell or buy your home OR if you know someone that might be ready to sell or buy, I know you'll call me based on your own research on me and your research about my local professional real estate experience; Alex Urbano Tafoya Broker/Owner

So go ahead go for it yes see what a Free Milpitas Home Search, Yes Totally FREE looks like

Free Milpitas Home Search, Yes Totally FREE 002



Saturday, September 27, 2014

Milpitas Real Estate

Milpitas Real Estate

Local Milpitas Real Estate market trends and recently sold homes in Milpitas, CA. The everchanging Milpitas Real Estate market is ever so changing. Here are the most recent statistics for homes sold for the month of August 2014. Milpitas Real Estate Market Snapshot and Trends for Sept. 2014 Milpitas Real Estate for the month of August there were 23 homes that sold and closed escrow. The Milpitas Real Estate Market trend shows that the homes that were sold in August averaged a sale price of $801,509.

The highest price home that sold in Milpitas for August 2014 sold for $1,590,000.

The home lowest price home that sold in Milpitas for August 2014 sold for $550,000

The highest priced home that sold in the month of August for Milpitas Real Estate was a beautiful 5 bedroom 5.5 bathroom home that had approximately 6,000 square feet of living space. The home was located in a custom gated community with panoramic views of the valley. One if it's many features was a formal elegant entry way with marble flooring and a wrought iron staircase. And of course as expected for these type of homes it had a beautiful fireplace, custom draperies, seperate dining room complete with a gourmet kitchen and of course walk in closets throughout. This home was located near the Spring Valley Golf Course area nearest to Calaveras and Vista Ridge Rd. Milpitas Real Estate Homes Sold in Aug 2014 007 Vista Norte Ct The lowest price home in that sold in the month of August for Milpitas Real Estate was a charming 3 bedroom 1 bathroom home typical Milpitas ranch style home. This wonderful updated family home had a newly remodeled kitchen with stainless appliances, new cabinets and countertops. The charming and quaint home also had hardwood floors throughout, new doors, custom blinds, updated bathroom, fireplace, and custom paint throughout. This home was located off of Abel Ave. behind the Serra shopping center. Milpitas Real Estate Homes Sold in Aug 2014 008 Sylvia Ave Milpitas Real Estate is constantly changing daily, we will do our best to keep you up to date and provide you with the most accurate information. If you want a list of all the homes that sold for the month of August 2014 in Milpitas CA Please GO HERE

Want to know what your home is worth? Go Here Want to view all homes for sale? Go Here

Friday, September 26, 2014

What New HomeBuyers need to know before Buying a Milpitas Home

What New HomeBuyers need to know before Buying a Milpitas Home, important information before you buy your new Milpitas home.

What New HomeBuyers need to know before Buying a Milpitas Home 006If you are thinking or buying a new home in Milpitas or if you just recently purchased your new Milpitas home here's a few pieces of information to help you. As I help many buyers buy homes I remind new home owners that home ownership comes with many rights and responsibilities. These include the requirements to complete and file certain required forms and to pay property taxes. The following information is typical, but in many cases I have found that most agents will sometimes forget or even neglect to tell most new home buyers about them.

 

Important pieces of information for new homebuyers to know:

The first piece of information on what new homebuyers need to know before buying a Milpitas home is to know that it is required by State law that new homeowners and the new buyers of a home file a Preliminary Change of Ownership Report (otherwise know as a P.C.O.R. form) with the Santa Clara County Recorder's Office at the time of recording the purchase. In almost every occasions, it is furnished and completed during escrow and goes along with the deed when being recorded. The information which the buyer completes on this form will help the County Assessor to determine new ownership and the fair market value of the home. The next piece of information on what new homebuyers need to know before buying a Milpitas home is VERY IMPORTANT.

*You will receive TWO types of tax bills, a regular annual tax bill and a supplemental tax bill*

Typically all homeowners will expect an annual tax bill but what upsets most new home buyers and specially first time home buyers is the supplemental property tax. What New HomeBuyers need to know before Buying a Milpitas Home 004I hear this a lot from new home owners. Many new home owners will not be advised by their lender or agent on this matter and in turn many complain that they were not advised of the TOTAL property tax bill during closing. So be prepared to receive TWO types of bills. The annual tax bills are paid in two installments that become delinquent if not paid by December 10 and April 10. Supplemental tax bills are typically paid in two instalments as well. The due and delinquency dates will be printed on the bills. While the assessment and ensuing property taxes cannot be eliminated, the frustration and the element of surprise can be by knowing what to expect. More info on Santa Clara County Tax Assessor Here  

Another piece of information on what new homebuyers need to know before buying a Milpitas home is that new home owners can expect to receive an assessment and associated supplemental notice approximately six months after they bought their home and their home purchase has been properly recorded. After sales are recorded, the information is transmitted to the Assessor and is processed to become part of the workload of the appraisal staff. Historically it has taken an average of six months from the date it is recorded for the Assessor to complete the appraisal and to notify the homeowner of new assessed values. It must be noted that this is just an average and the actual time may vary greatly up to the statutory limitation of four years to complete the process.  

Another piece of information on what new homebuyers need to know before buying a Milpitas home is that the Supplemental tax bills are not paid by lender. New Homeowners often expect the impound accounts established with their lenders to satisfy their supplemental tax obligations. In most cases impound accounts are not intended to satisfy supplemental taxes. Please contact your lender, or loan servicing entity to understand the terms of your impound account.

What New HomeBuyers need to know before Buying a Milpitas Home 005
And one final piece of information on what new homebuyers need to know before buying a Milpitas home is that Assessed values can be reviewed and changed. The supplemental notice, roll correction notice and the annual Notification of Assessed Value are all provided to property owners as a means to review assessments and serve to open time periods for informal review requests and formal applications for changed assessment. Property owners should carefully review the notices and contact the Assessor’s staff with questions or concerns within the periods explained in the notices.
Visit www.MyMilpitasHome.com    


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Thursday, September 25, 2014

What are the closing costs when selling a Milpitas Home

What are the closing costs when selling a Milpitas Home  and the Price You pay when sellng your house in Milpitas.

 

 

Selling Your Milpitas Home - Costs and FeesWhat are the closings costs when selling a Milpitas Home 001

Generally this goes 2 ways. The Buyers Closing Costs and The Sellers Closing Costs. The process of selling a home involves several costs and fees. Local Real Estate Market and the local county customs might be a deciding factor on What are the closing costs when selling a Milpitas Home. For this reason alone I would strongly recommend that anyone considering selling a Milpitas home consult a local real estate professional for complete details regarding home selling closing costs. With that said, the information that follows is very general, but all of these items can be negotiated with the buyer.

 

Real estate commission

Real estate commissions is one of the costs that most sellers pay close attention to and one that tends to be misunderstood the most by sellers. While some sellers might cringe, most sellers will agree that this cost is well worth it when the agent net's you more than what you originally wanted for your home. Regardless of your position on this, it's still a cost that you need to consider when you ask yourself What are the closing costs when selling a Milpitas Home. This cost can range from $500 flat fee to 7% of the sale price.

Document preparation fee for deed

This is a deed-preparation service in conjunction with any pending real estate transaction. When property changes hands, deed-preparation success depends on what the title company finds on the title search. If a property's title (its ownership) can be determined successfully, the deed then can be prepared and conveyed (transferred). Title companies also legally record the deed to a property once it's been transferred formally to the buyer. This is generally a low cost service ranging anywhere from $30 to $300

Documentary transfer tax

This is a tax imposed by the County and/or City for the transfer of property. Depending on the location of the property. The County Transfer Tax is a standard of $1.10 per $1,000 of the sales price throughout the State. However, in Santa Clara County it is currently $1.65 for every $500 of full value of transfer. Also there are certain cities that also collect their own City Transfer Tax and those differ. More info on Santa Clara County and City transfer tax Here and get a better idea on What are the closing costs when selling a Milpitas Home

Any city transfer/conveyance tax (according to contract)

As mentioned above, but in Santa Clara County the city transfer tax or conveyance fee is currently approximately .55 for every $500  

Any loan fees required by buyer's lender

At one point or another the local real estate market might turn into a buyers market, when it turn this will be a good option to offer a potential buyer looking to buy a home from a seller. The cost of this will vary depending on the buyers lender, but it might be anywhere from $200 to $2,000

 

Payoff of all loans in seller's name (or existing loan balance if being assumed by buyer)

This will only be know by the seller. Some examples of loans might be an Equity line of credit, a second mortgage, or any type of loan borrowed against the sellers home.

 

Interest accrued to lender being paid off, statement fees, re-conveyance fees and any prepayment penalties.

This is information that will most likely come from the sellers lender, each lender is different and will have a unique set of fees regarding interest, fees and or prepayment penalties.  

Termite inspection (according to contract)

When selling a home it's always a good idea to have home inspection done prior to selling. Once a report is generated a seller will have a better idea on the condition of the home. This gives the seller to option to either fix any findings or sell the home as is as long as the findings are disclosed to the potential buyer(seller must still disclose even if any fixes had been made prior putting the home for sale) A termite inspection can cost approximately $200-$500 depending on the inspection company and the size of the home being inspected.

 

Termite work (according to contract)

If there's any work to be done. This will depend on the results of the termite inspection. Usually it there are any section 1 or section 2 findings the inspection report will have and estimated bid as to how much it will costs to repair any damage. This will vary depending on the findings.  

Home warranty (according to contract)

A home warranty adds protection to the home appliances and other pieces of day to day functions in the home. This might include the air conditioner, heater furnace and even plumbing. Depending on the coverage and the company providing the policy this cost can be anywhere from $200-$600. If you don't have a home warranty at the time of the sale you might thnk about getting it. It might reduce any extra unforeseen expenses should any of these items fail during the sale. Find out more on home warranty prices here  

Any judgments, tax liens, etc., against the seller

This is a cost that the seller should already know, but in some cases there might be some information that the seller is not aware, The best way is provide title and escrow company with a "Statement of Information" form so they can research if there are any liens against the seller that might also be attached to the property. Some examples of judgements or liens may be unpaid child support, unpaid utilities, mechanics liens, or legal claim from a previous collection company or creditor.  

Tax proration (for any taxes unpaid at time of transfer of title)

If you have not paid your property taxes they will be pro rated at the time of sale. Depending on what time of the year you plan to sell, the taxes will be prorated to the upcoming tax schedule. The cost will depend on the value of the home. Currently Santa Clara County the tax is approx. 1.25% of every $100.Find out more about Santa Clara County property taxes here and get a better idea on What are the closing costs when selling a Milpitas Home  

Any unpaid homeowner's dues

If you are selling a Townhome, Condo or A Home in a Newly Developed Tract there will usually be an Association Fee involved. Any unpaid dues will be part of the costs that will need to be paid.

 

Recording charges to clear all documents of record against seller

Title research might reveal some clouds on title that might need to be addressed, therefore there might be some additional documents that will need to prepared and signed for the seller to have a clean title to transfer to the buyer. An example would be a Quit Claim Deed. This cost will vary depending on the exact findings that are revealed during the the escrow and title reasearch.   Any bonds or assessments (according to contract) This costs has to do mostly with the builders that built the sellers home. Usually it's a Mello-Roos Tax or Assesments generated from the builder and passed on to the homeowners to pay for street improvements, parks, local Fire House and so on. You should know if there is a special assesment on the property and this cost will vary from community to community. Find if your property is in a Mello-Roos Area Here and get a better idea on What are the closing costs when selling a Milpitas Home  

Any and all delinquent taxes

Before a property is Sold any delinquent taxes against the property have to be paid. Find if your property taxes in Santa Clara County are current here  

Notary fees

This cost vary depending on the title company, but a typical fee might be $30-$50 for seller documents.  

Escrow fees (according to contract)

The cost of hiring the escrow company and doing business with them will vary from Escrow Company to the Escrow Officer. Depending on the home and type of sale in can be anywhere from $500 to $5,000 for an average priced home in Milpitas, CA.

 

Title insurance premium (according to contract)

Depending on the home commonly there are two types title insurance. CLTA (California Land Title Association) and ALTA (American Land Title Association). CLTA Title Policy is insuring against loss including attorney fees (up to the purchase price for as long as he owns the property) due to all matters of record, fraud and forgery, and it assures that title is being vested in the person shown on the policy.Keys to Home OwnershipALTA Title Policy covers the same items as the CLTA policy as well as many additional risks such as unrecorded mechanic's liens, assessments, encumbrances, encroachments, easements, water rights, mining claims, patent reservations, conflicts of boundary lines, shortages in area access to and from the land and other visible matter, as the title company actually performs a physical inspection before it issues an ALTA policy. The cost of these two policies will differ, but a home with a sales price of approximately $700,000 is estimated to have a policy that will cost approx. $1,800. Find out more about Title Insurance Here and get a better idea on What are the closing costs when selling a Milpitas Home.  

 

 

So do YOU know What are the closing costs when selling a Milpitas Home?



Wednesday, September 24, 2014

What Questions to Ask when buying a Milpitas townhome

What Questions to Ask when buying a Milpitas townhome

What to ask when buying a Milpitas Townhome RestrictionsMilpitas Townhomes and Condos may be right for you, but do you know what questions to ask when buying a Milpitas townhome? The best way to know about the Townhome community would be to ask some of the actual residents of the Milpitas Townhome Community you might be interested in. Here is a short list of questions to ask;

Ask to obtain a copy of the Covenants Conditions & Restrictions, otherwise known as CC&R's

This is going to be a massive report, but make sure to look through it or at least get acquainted with it. This report basically tells you what you can and cannot do as a member of the townhome community.

Ask about the Home Owners Association otherwise known as HOA.

This will help any potential buyer understand how much the monthly association fees are and what the HOA fee include. Some examples would be; water, sewer, trash, hazzard/fire insurance, common areas maintenance such as gym, pool, park etc.

Ask about the Designate Parking Spaces and public parking rules

If you have guest, space might be limited. Ask if parking is limited or if there is plenty of parking. One of the best ways to know is to look at the overnight parking situation, is it overcrowded or are there empty public spaces?

Ask about the Common Community areas.

What are the hours of operation for the common areas. Some communities have a recreation building that can be rented out or reserved by the owners for free or a small fee. Make sure to ask about the rules for these common areas.

Ask about who manages the entire complex.

Ask if it's a professional management company or a small group of local individuals. This is important because it can mean the difference between having something fixed in hours instead of days. This is good to know for after hours incidents. How responsive is the management managing the complex?

Ask if there's any additional work being considered or additional phases planned for the townhome community.

Basically, is there anything planned in the community complex planned for the future. Maybe there might be some changes or retrofitting to keep up with the latest townhome designs or trends to the common areas.

Ask if the Home Owners Association is currently involved in any legal disputes.

This is important and will help understand how the Association is doing. This can also provide an understanding to know if any legal costs or fees are added to the association fees.

Ask to know any budget or how much does the Home Owners Association have in reserves.

Try to find out how much the Association has in it's capital reserves fund for expenses that might come up in the future. A good number would be anywhere between 10-20 percent of the annual revenue budget.

Ask how many units are for sale and if there are any current townhomes in foreclosure.

What to ask when buying a Milpitas Townhome who fixes whatThis will give you an idea of market value and maybe potential resale issues.  

Ask who is responsible for fixing what?

Most communities have regular maintenance crew, but they might be limited as to fixing stuff around the complex. Find out what the HOA is responsible for, what maintenance is responsible for and what the townhome owner is responsible for. At the same time find out if you need permission from the Association for any interior or exterior upgrades a potential townhome owner might be considering before or after he/she moves in.

Finally, Ask about pet restrictions.

What to ask when buying a Milpitas Townhome pets allowedIf you currently have pets or if you're considering having pets in the near future this is a really good question to have up front. Some complexes might have a restriction in size or type of pets allowed.  







Of course there is much more you can ask, but consider these questions and know What Questions to Ask when buying a Milpitas townhome and remember It's always a good idea to ask all these questions up front. This might help you decide if the you and the Townhome you're considering are right for each other.  

Do you own a Townhome or Condo in Milpitas?

Receive a Current Townhome or Condo Milpitas Home Value Here

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Thank you for reading up on What Questions to Ask when buying a Milpitas townhome.