Friday, October 31, 2008

Almaden Valley Bank Owned

Great opportunity in the beautiful Almaden neighborhood. Popular tri level floor plan with separate family and living rooms. Spacious yard with lots of privacy and potential. Freshly painted interior with new stove and dishwasher. Hardwood flooring and crown moulding. Wonderful master suite with double doors and walk in closet. This home is a 3 bedroom 2.5 bath and approximately 1866 sq ft with a lot size of 8103.

Cupertino Homes

Beautifully remodeled home in Moreland School District on a lovely tree lined street with convenient access to shops and freeways. This 3 bedroom 2 bathroom home has many amenities such as: new roof, new int & ext paint, new kitchen with stainless steel appliances, new cabinets, copper pipes, dual pane windows, remodeled baths, upgraded base boards and interior doors, hardwood floors, new carpeting, recessed lighting, new front door. This home has also been beautifully landscaped all around. List Price $799,000

Downtown San Jose Short Sale Condos

There are three units we are tracking in a downtown San Jose condo complex that are very good opportunities. 2 bedroom, 2 bath units, slightly over 1,000 square feet in a relatively modern building, well-located and well-maintained. All offered in the low $300,000s. These are short sales and one of them already has bank approvals in place to sell the unit at less than what the owners owe. Call me to get details and to set a showing. You will be pleased.

Thursday, October 30, 2008

Retail/Office For Sale in Cupertino, Ca

Travigne Plaza, Cupertino, Ca
  • 10,463 SF Retail/Office Building
  • $4,004,000 Purchase Price
  • $260,237 N.O.I
  • 6.5% Cap Rate
  • Assumable Loan of $2,374,695
  • High Traffic Counts
  • Prestigious Stevens Creek Location

If you have any questions or would like to preview this suburb location please contact me.

Tuesday, October 28, 2008

Live In Santana Row Now!!

Within the last two weeks three listings have gone on the market in lovely Santana Row. A place that is full of fun and excitement with so much to do. You can make a lot happen in this beautiful community such as, a simple walk down the streets, you can mix in a little work out at the gym, shopping, and of course lots of amazing places to eat, drink and dance. The newly listed condos have amazing views of the Santana Row Shops, one condo is a 1bed/1.5bath, and the other two listed are 1bed/1bathrooms. Each condo has it's own very unique look and style. Come join the fun now whether it's a weekend get away condo or your own permanent residence. Please contact to find out more information.

Santa Clara County Residential Inventory Stats

Please click both diagrams individually to view larger picture of the Santa Clara County Stats.

Tuesday, October 21, 2008

Bank Owned Homes

Now's the perfect time to take advantage of the market and investment in bank owned home. It's crazy the homes I have come across and what excellent deals you can find out there. For example, this very nice Willow Glen 3 bedroom 2 bathroom 1300 sq ft home. This home is located on a great tree lined street. Large kitchen, spacious living room with hardwood floors, fireplace and french doors leading to the nicely landscaped yard. List price $518,900. For more information on bank owned home please contact me.

Friday, October 17, 2008

Excellent Sunnyvale Duplex listing

I just listed a very well maintained, spacious duplex on nice quiet convenient street in Sunnyvale with Cupertino schools. Large owners unit in rear with full backyard, great floorplan, natural lighting, hardwood floors, excellent condition. Perfect owner occupant home. Second unit in front is good rental or in-law unit. Both units fully occupied with stable tenants who would stay. Rent upside on both units. List Price $895,000. Please contact me for information.

Thursday, October 16, 2008

New Bank Owned Single Family Homes

Incredible bank owned Almaden Valley home with upgraded Pergo plantation shutters, newer roof, upgraded baths, hot tub with private backyard and no back neighbors. Very low price and located by excellent schools, Simonds, Castillero and Leland High School. This home is in excellent condition. Don't let this one go by. List Price $ 739,900. For more information please contact

Very beautiful BANK OWNED home in Campbell. You will fall in love instantly. This 4 bedroom 3 bath is fully lined with hardwood floor, granite countertops in kitchen, nicely landscaped in both front and back yard. Move in ready. Please come and see it, you will not regret it.

Loan Modification

There are attorney groups available in this market that are doing very good work in loan modification. This may be the best solution for those who want to refinance but cannot due to low FICO scores or reduced equity in their homes. We have seen results such as 7% fixed rate 30 year loan modified to 4.0% or lower for the life of the loan! Some results are better, some are not as great, but a good percentage reduce rates and payments to make the borrower have an easier payment. Principle reductions are extremely rare. So if you want to review or improve your situation, let us know, we can send you the right way.

Tuesday, October 14, 2008

Home Buyer Seminar-Thur, Oct 16th

Topic: How to Buy In This Current Market

The current economic conditions create a lot of confusion for many people, especially those who have been thinking about buying a house, whether it's 1st-time homebuyers or someone needing to move up.
- “Should I buy now? Will the housing prices go down even more?”
- “Should I wait for mortgage rates to go down a bit?”
- “I see the current crisis as an opportunity, how do I get in as a 1st time home buyers now? Can I even qualify without much downpayment?”
- “I'm thinking about buying a bigger home, how can I buy before selling my existing house?”
- “What are some of the strategies that I can use to take advantage of the current economic situation?”

These are common questions that I get asked all the time. If you find yourself asking the same questions, then come and invest 2 hours of your time to get educated. The truth is that the answer to all these questions is "it depends". But you need to know "it depends on WHAT?"

At Opes Advisors, we help clients navigate through the home buying maze by integrating debt management strategies with overall long term financial planning. The real question you should yourself is "How does buying a house affect my short-term and long-term financial planning?”

Event details:
6:45pm - 7:00pm Registration & Networking
7:00pm - 8:00pm Presentation
8:00pm - 8:30pm Q & A
Drinks and light refreshment will be provided.
RSVP by Oct 15th - Email:

Home Buyers Workshop October 16, 2008

Friday, October 3, 2008

Great Bank Owned Milpitas Home

A beautiful 4 bedroom 3 full bath home has arrived! Waiting for a new owner, very nice and quite neighborhood.Price to sell don't wait this is a must see home. Has a lot of potential, easy access to 680 freeway, walking distance to shopping, school and park. Bank Owned. List Price $689,000. For more information please contact my assistant

Thursday, October 2, 2008

Best Priced Cupertino Townhouse

Just on the market two days ago is a very beautiful 3 bedroom 2 full bath Cupertino townhome. One bedroom & one full bath downstairs, end unit, very bright and open floor plan, new garage door, and hardwood floor downstairs. Great Cupertino schools. Lovely complex with pool/tennis court/children play area and very close to 280/Lawrence Expressway. SELLER IS VERY MOTIVATED. List Price $568,888. To view more photos please visit If you have further questions or interested in a tour please contact

Sue McAllister of San Jose Mercury News Speaks at Board of Realtors this Morning

In the Cupertino offices of the Silicon Valley Association of Realtors this morning, Sue McAllister, the real estate writer for the San Jose Mercury News spoke to about 75 local Realtors. Her delicate roll in the middle of the real estate game is tricky. As a reporter, she must provide a balanced view of what is going on in the real estate market. Obviously, there are groups, Realtors, renters, home owners, home buyers, lenders, politicians and more who want their "truth" told. What an eye of the storm to live in! What Sue is great at is reading comments on the on-line version of the Mercury News and the associated blog Square Feet. So, if you have any gripes or compliments - post away - I do.

Wednesday, October 1, 2008

WaMu Update

Yes, WaMu is still in the game AND they have a sense of humor

Cash Flow Condos in the Valley?

Is it possible? It sure had not been for a few decades.
Last weekend I took a buyer out to look at 2 bedroom condos - all bank owned REOs - in Alum Rock and Berryessa. Pricing was from $170,000-$200,000. Some were in decent locations, decent condition, very good rental property candidates. After running a simple cash flow scenario - break even was easily achievable with 20% down. This bottom tier of the first time home buyer market has been hardest hit. It will also be the tier that will rebound the best % up. Nice opportunity to make some good appreciation in a year or two.

Santa Clara County MLS Inventory Trend Report

Please click the above spreadsheets to view larger picture.

Santa Clara County Bank Owned Condo's

List Price/Street Address/City/Bldg SqFt
584900/1924 MERIDIAN AV/San Jose/1949
569900/3079 DUNHAM WY/San Jose/1712
544900/2679 VILLA CORTONA WY/San Jose/1888
494900/814 FASCINATION PL/Milpitas/1369
470000/5104 WESTMONT AV #17/San Jose/1105
469900/344 MONTECITO WY/Milpitas/1165
435000/380 IMAGINATION PL/Milpitas/1012
419900/2502 YERBA HILLS CT/San Jose/1216
415000/3323 BENTON ST/Santa Clara/1476
399000/870 FREMONT ST #105/Santa Clara/1408
389900/2869 S BASCOM AV #501/Campbell/841
359900/5033 GREY FEATHER CI/San Jose/1137
354900/1796 BATTERSEA CT/San Jose/1176
339900/279 TRADEWINDS DR #7/San Jose/1252
337400/1515 ALMA TE/San Jose/1071
329900/5535 DON OCTAVIO CT/San Jose/1439
327900/1920 MESSINA DR/San Jose/968
320000/3588 PAYNE AV #14/San Jose/1032
314900/946 KIELY BL #E/Santa Clara/956
314900/4685 ALBANY CI #121/San Jose/813
314900/4908 CALLE DE ESCUELA/Santa Clara/1080
309900/3314 INNERWICK LN/San Jose/1131
299900/7064 MOUNT VERNON WY/Gilroy/1645
299900/5082 SUTTER CREEK CI/San Jose/816
299900/2158 GALVESTON AV #0000D/San Jose/1125
299900/425 CARPENTIER WY/San Jose/1442
299000/96 POAS CI/San Jose/1180
290000/201 SUNWOOD MEADOWS PL/San Jose/920
284900/185 SILCREEK DR/San Jose/1318
279900/144 SURREY CT/Milpitas/980
269900/3179 KENLAND DR/San Jose/1012
269000/77 SILCREEK DR/San Jose/1318
267000/297 GRECIA CT/San Jose/1474
259900/3598 PAYNE AV #00009/San Jose/1080
255000/2937 ROSE AV/San Jose/1235
250999/2945 ROSE AV/San Jose/1235
249900/355 RIO VERDE PL #00001/Milpitas/1050
249900/5160 CRIBARI KL/San Jose/1240
246900/18216 HALE AV #A/Morgan Hill/1145
239900/171 RANCHO MANOR CT/San Jose/1034
236635/4012 SHANJ CT/San Jose/1042
235047/3154 KENLAND DR/San Jose/1012
230900/3569 GUM TREE DR/San Jose/1249
230199/687 BALFOUR DR/San Jose/1075
229900/3165 KENLAND DR/San Jose/1094
229900/327 KENBROOK CI/San Jose/1094
224900/274 OROSI WY/San Jose/1180
224900/354 KENBROOK CI/San Jose/1094
224900/5468 SPINNAKER WALKWAY #1/San Jose/810
219900/1395 MCQUESTEN DR #0000D/San Jose/876
219900/18214 HALE AV #B/Morgan Hill/1145
219900/5581 SPINNAKER DR #3/San Jose/903
214997/3127 KENLAND DR/San Jose/1012
214900/824 BLOSSOM HILL RD #4/San Jose/798
210000/5725 CALMOR AV #1/San Jose/810
209900/36 MUIRFIELD CT/San Jose/1054
209900/510 CINNAMON DR/San Jose/1017
204900/5497 SPINNAKER WALKWAY #2/San Jose/903
200000/2474 GOLZIO CT #1/San Jose/810
199900/259 N CAPITOL AV #00106/San Jose/828
199900/797 DELAWARE AV #1/San Jose/810
197900/259 N CAPITOL AV #201/San Jose/828
197000/210 STONEGATE CI/San Jose/704
196900/3120 SHADOW SPRINGS PL/San Jose/866
194900/310 TRADEWINDS DR #3/San Jose/959
189900/259 N CAPITOL AV #B147/San Jose/955
189900/360 KENBROOK CI #139/San Jose/1012
189000/32 CASTLECREST DR/San Jose/704
185500/918 BELLHURST AV/San Jose/986
185405/2066 OJO DE AGUA CT/San Jose/1000
183000/1043 BELLHURST AV/San Jose/986
179500/7757 GHIRLANDA CT/Gilroy/908
179000/1411 MCQUESTEN DR #C/San Jose/1150
174900/5336 MONTEREY HW #1/San Jose/950
174900/7785 GHIRLANDA CT/Gilroy/908
174900/162 MONTE VERANO CT/San Jose/597
172500/906 BELLHURST AV/San Jose/986
170200/555 7 TREES VILLAGE WY/San Jose/801
169900/477 CARPENTIER WY/San Jose/941
169900/5598 JUDITH ST #4/San Jose/798
158900/3640 ADLER CT/San Jose/1017
155500/7755 GHIRLANDA CT/Gilroy/908
154900/131 PUERTO GOLFITO CT/San Jose/1000
149900/3205 KENHILL DR/San Jose/724
149900/7758 CHESTNUT ST/Gilroy/908
139500/7709 MURRAY AV/Gilroy/908
109100/81 CASTLEBRIDGE DR/San Jose/456