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Lisa Wiseman

6 Creative Ways to Own a Home

01-30-12
Lisa Wiseman

With all the talk about how this is the best time to own a home, finding and qualifying for the right loan
has never been more challenging. Here are some helpful guidelines:

  1. Investigate local, state, and national down payment assistance programs. These programs give qualified applicants loans or grants to cover all or part of your required down payment. National programs include the Nehemiah program, www.getdownpayment.com, and the American Dream Down Payment Fund from the Department of Housing and Urban Development, www.hud.gov.
  2. Explore seller financing. In some cases, sellers may be willing to finance all or part of the purchase price of the home and let you repay them gradually, just as you would do with a mortgage.
  3. Consider a shared-appreciation or shared-equity arrangement. Under this arrangement, your family, friends, or even a third-party may buy a portion of the home and share in any appreciation when the home is sold. The owner/occupant usually pays the mortgage, property taxes, and maintenance costs, but all the investors' names are usually on the mortgage. Companies are available that can help you find such an investor, if your family can’t participate.
  4. Ask your family for help. Perhaps a family member will loan you money for the down payment or act as a co-signer for the mortgage. Lenders often like to have a co-signer if you have little credit history.
  5. Lease with the option to buy. Renting the home for a year or more will give you the chance to save more toward your down payment. And in many cases, owners will apply some of the rental amount toward the purchase price. You usually have to pay a small, nonrefundable option fee to the owner.
  6. Consider a short-term second mortgage. If you can qualify for a short-term second mortgage, this would give you money to make a larger down payment. This may be possible if you’re in good financial standing, with a strong income and little other debt.

Contact me for more information and for a reliable lender at (408) 591-7778.

How to Improve the Odds of an Offer

01-30-12
Lisa Wiseman

  1. Price it right. Set a price at the lower end of your property’s realistic price range.
  2. Prepare for visitors. Get your house market ready at least two weeks before you begin showing it.
  3. Be flexible about showings. It’s often disruptive to have a house ready to show at the spur of the moment. But the more amenable you can be about letting people see your home, the sooner you’ll find a buyer.
  4. Anticipate the offers. Decide in advance what price and terms you’ll find acceptable.
  5. Don’t refuse to drop the price. If your home has been on the market for more than 30 days without an offer, you should be prepared to at least consider lowering your asking price.

Contact me at (408) 591-7778 for a free home analysis and detailed Home Value Audit of your home.

This is a SELLER'S MARKET!

Thinking About Short Selling Your Home? Don't Wait Until It's Too Late!

01-12-12
Lisa Wiseman

If you are thinking about short selling your home or walking away, you need to be aware
that the Mortgage Debt Relief Act expires at the end of this year. This means the amount
forgiven in a short sale or foreclosure will then be taxable on federal income taxes.

View this article for more detials.

As short sales can be lengthy, this means 2012 is the year to make your decision.

Please contact me at (408) 591-7778 if you are interested in me and my team assisting
you with your decision. You should always consult with your tax consultant and attorney
before making your final decision, but we can provide you with pertinent information as well.

Don't wait until it's too late!

ALMADEN'S MONTEVIDEO/TJ MARTIN/JEFFREY FONTANA MARKET UPDATE

11-10-11
Lisa Wiseman

We are beginning to see the usual decline in activity at this time of year, and market values
depend on location and condition of homes even more now.

To view photos and additional information on these homes, go to Almaden Valley Listings.

The median sales price for homes in ZIP code 95120 in San Jose from Jul 11 to Sep 11 was $802,500 based on 104 sales. Compared to the same period one year ago, the median sales price decreased 9.2%, or $81,500, and the number of sales decreased 2.8%. Average price per square foot for homes in 95120 was $375, a decrease of 6.9% compared to the same period last year. There are currently 108 resale and new homes in ZIP code 95120 , including 53 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 95120 was $1,034,800 for the week ending Oct 26, which represents an increase of 1%, or $9,894, compared to the prior week.

For information on school boundaries, view the Almaden section of my Communities page.

If you would like a free, detailed analysis on your home, including a Maximum Home Value Audit, and how
my 28 Step Marketing Plan can help you, contact me at (408) 591-7778, and if you would like to purchase a home in Almaden, this is really a great time, with rates low, and depending on the neighborhood, prices are have seen decreases, yet not dramatically.

Status List Price Street Address Beds Baths Sq Ft DOM Sale Price COE
Active $802,475.00 6181 CALLE DEL CONEJO 4 2.5 1974 1 -- --
Active $789,000.00 6018 MONTEVERDE DR 4 2 1949 3 -- --
Active $774,999.00 6146 SILBERMAN DR 5 3 2614 7 -- --
Active $925,000.00 5873 TEXAS CT 4 3 2110 10 -- --
Active $774,000.00 5831 BURCHELL AVE 4 2 1905 11 -- --
Active $729,500.00 1572 PUERTO VALLARTA DR 3 2.5 1866 12 -- --
Active $915,000.00 1388 CAMINO ROBLES WAY 5 3 2673 20 -- --
Active $729,000.00 6001 VERA CRUZ DR 5 2.5 2278 25 -- --
Active $878,000.00 1489 ELSMAN CT 4 2.5 2024 26 -- --
Active $639,800.00 5952 VIA MADERO DR 3 2 1670 31 -- --
Active $825,000.00 5951 LARABEE CT 4 2.5 2008 31 -- --
Active $848,888.00 6079 CASTELLO DR 4 2 2132 38 -- --
Active $688,888.00 6260 MERIDIAN AVE 4 2 1657 47 -- --
Active $900,000.00 1477 MONTEGO DR 5 2.5 2966 49 -- --
Active $778,000.00 6272 DESERT FLAME DR 4 2 1840 55 -- --
Active $749,000.00 1309 ADDIEWELL PL 3 2 1657 58 -- --
Active $949,000.00 1523 OAK CANYON DR 5 3 2760 95 -- --
Active $1,180,000.00 1295 MCABEE ESTATES PL 5 4+ 3485 126 -- --
Active $799,000.00 1451 KINSPORT LN 4 2.5 1845 170 -- --
Active $679,988.00 6094 CRESTOAK CT 4 2 1677 178 -- --
Active $750,000.00 6194 CALLE ESPERANZA 4 2.5 1974 262 -- --
Active $629,000.00 1403 TORRINGTON CT 4 2.5 2008 424 -- --
Pending $730,000.00 1556 PUERTO VALLARTA DR 4 2.5 2013 2 -- 11/10/2011
Pending $639,000.00 6105 CECALA DR 4 2 2014 113 -- 11/30/2011
Pending $650,000.00 1550 MONTEVAL LN 4 2.5 2033 164 -- 10/28/2011
Pending $839,000.00 6342 GONDOLA WAY 5 3 3684 467 -- 1/31/2012
Pending Release Clause $729,000.00 1334 ADDIEWELL PL 4 2.5 1997 44 -- 1/12/2012
Pending Release Clause $791,000.00 6272 PASO LOS CERRITOS 4 2.5 1974 452 -- 10/25/2011
Pending Show $625,000.00 6288 PASO LOS CERRITOS 4 2.5 1974 16 -- 11/15/2011
Pending Show $699,900.00 6171 CALLE DEL CONEJO 4 2 1612 19 -- 10/26/2011
Pending Show $749,000.00 6411 FIREFLY DR 5 3 2711 58 -- 11/30/2011
Pending Show $774,999.00 1295 VARGAS DR 4 2.5 2108 125 -- 11/11/2011
Sold $828,000.00 6185 SILBERMAN DR 4 2.5 2245 5 $838,000.00 11/2/2011
Sold $924,000.00 6427 MONTEGO CT 5 2.5 2624 7 $910,000.00 10/17/2011
Sold $749,000.00 6245 TWEEDHOLM CT 4 2.5 2651 34 $730,000.00 10/26/2011
Sold $869,000.00 1267 OAKGLEN WAY 5 2.5 2141 10 $839,000.00 9/22/2011
Sold $1,079,000.00 1603 DORCEY LN 5 3 3141 26 $1,043,000.00 10/6/2011
Sold $520,000.00 6202 MERIDIAN AVE 3 2 1375 15 $531,000.00 10/26/2011
Sold $719,000.00 1352 VIA DE LOS REYES 4 2 1754 7 $730,000.00 9/9/2011
Sold $746,500.00 6097 CRESTOAK CT 4 2.5 2014 13 $756,000.00 9/30/2011
Sold $739,000.00 1549 MONTALBAN DR 4 2 1670 17 $737,000.00 8/30/2011
Sold $799,999.00 6079 KNOLL PARK CT 5 3 2128 26 $799,999.00 9/20/2011
Sold $690,000.00 6081 CRESTOAK CT 3 2 1316 40 $677,500.00 10/12/2011
Sold $749,000.00 1255 CHRISMARA CT 3 2 1795 47 $725,000.00 9/28/2011
Sold $850,000.00 6308 FIREFLY DR 5 3 2012 16 $835,000.00 9/28/2011
Sold $809,000.00 1263 NANCARROW WAY 4 2 1997 90 $809,000.00 9/15/2011
Sold $799,000.00 6003 MONTEVERDE DR 5 2.5 2278 169 $775,000.00 10/7/2011
Sold $749,950.00 6372 GONDOLA WAY 4 2.5 2651 248 $725,000.00 10/25/2011
Sold $799,950.00 6379 FIREFLY DR 5 3 2350 259 $756,000.00 8/15/2011

Cambrian, San Jose's Affordable and Popular School Neighborhood...

10-25-11
Lisa Wiseman

All schools in the Cambrian School District are high performing, boasting Academic Performance Index (API) scores well above 800. View their website at :http://www.cambrian.k12.ca.us/

The median sales price for homes in Cambrian, San Jose for Jul 11 to Sep 11 was $530,000 based on 191 sales. Compared to the same period one year ago, the median sales price decreased 7.3%, or $41,500, and the number of sales decreased 3.5%. Average price per square foot for Cambrian was $354, a decrease of 3.8% compared to the same period last year. There are currently 136 resale and new homes in San Jose, including 6 open houses, as well as 198 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Cambrian was $602,473 for the week ending Oct 12, which represents an increase of 2.1%, or $12,556, compared to the prior week.

Status List Price Street Address Beds Baths SF DOM Sale Price COE
Active $419,900.00 5344 MERIDIAN AVE 3 2 1300 2 -- --
Active $488,800.00 1445 BLACKSTONE AVE 5 2.5 1663 3 -- --
Active $619,000.00 1964 ROSSWOOD DR 3 2 1460 3 -- --
Active $578,000.00 3496 KERSTEN DR 3 2 1210 3 -- --
Active $635,000.00 1633 ORCHARD VIEW DR 3 2 1250 4 -- --
Active $550,000.00 4794 SALLY DR 3 2 1802 6 -- --
Active $365,000.00 1473 HILLSDALE AVE 3 1 1088 6 -- --
Active $630,000.00 3903 HASTINGS AVE 3 2 1407 6 -- --
Active $489,000.00 4864 CAROLINE WAY 3 2 1110 6 -- --
Active $580,000.00 1725 CORALEE DR 3 2 1246 8 -- --
Active $749,000.00 1515 TREVISO AVE 3 2.5 1756 8 -- --
Active $549,888.00 1427 MELWOOD DR 3 2.5 1220 9 -- --
Active $898,000.00 5610 BELLAGIO DR 4 2.5 2576 10 -- --
Active $937,000.00 15390 WOODARD RD 4 2.5 2705 10 -- --
Active $488,000.00 5265 MERIDIAN AVE 3 2 1080 14 -- --
Active $469,000.00 1381 ANTWERP LN 3 2 1189 15 -- --
Active $549,000.00 5702 CROYDON AVE 3 2 1425 15 -- --
Active $529,900.00 1224 REDCLIFF DR 5 2.5 1618 15 -- --
Active $675,000.00 14505 UNION AVE 3 2 1484 18 -- --
Active $535,000.00 1828 GUNSTON WAY 4 1 1202 18 -- --
Active $479,000.00 1767 LEDGEWOOD DR 3 2 1308 19 -- --
Active $588,500.00 3129 JENKINS AVE 5 2.5 1787 20 -- --
Active $449,000.00 5234 CAMDEN AVE 3 2 1209 20 -- --
Active $619,000.00 1323 MONTMORENCY DR 3 2 1264 20 -- --
Active $759,000.00 1754 CONRAD AVE 4 2 2190 22 -- --
Active $566,200.00 5405 DRYSDALE DR 3 2 1360 22 -- --
Active $559,000.00 1632 BOWLING LN 3 2 1275 23 -- --
Active $678,900.00 4067 PALADIN DR 4 2 1573 23 -- --
Active $949,000.00 1683 MORNING GLORY LN 5 3 2158 24 -- --
Active $595,000.00 1575 PARK RIDGE DR 3 2 1446 24 -- --
Active $599,000.00 3901 LA MESA LN 3 2 1802 27 -- --
Active $745,800.00 4602 JACKSOL DR 3 2.5 1438 27 -- --
Active $499,000.00 3444 UNION AVE 3 2 1667 27 -- --
Active $589,950.00 1396 CARRIE LEE WAY 4 2 1763 29 -- --
Active $584,000.00 3982 STARVIEW DR 3 2 1178 29 -- --
Active $499,950.00 1727 MERRILL LP 3 2 1221 30 -- --
Active $710,000.00 1362 GLACIER DR 4 2.5 2148 30 -- --
Active $499,000.00 1799 ROSSWOOD DR 3 2 1240 34 -- --
Active $503,500.00 3525 MOUNT DAVIDSON CT 3 3 2251 35 -- --
Active $829,950.00 5023 WILLOW DR 4 2.5 2126 35 -- --
Active $599,000.00 1452 JEFFERY AVE 4 2 1373 35 -- --
Active $528,000.00 3210 KIRK RD 3 2 1140 38 -- --
Active $569,000.00 1407 BOURET DR 4 2 1797 38 -- --
Active $595,000.00 4150 JAN WAY 4 2 1400 38 -- --
Active $789,000.00 4360 BLOOMFIELD DR 5 2.5 2500 40 -- --
Active $541,100.00 3026 VISTAMONT DR 3 2 1376 41 -- --
Active $1,145,500.00 2141 TAFT LN 5 3 3280 42 -- --
Active $655,000.00 3151 RAMA DR 3 2 1630 43 -- --
Active $749,000.00 1796 MICHON CT 3 2 1709 45 -- --
Active $425,000.00 5384 HENNESSY PL 3 2 940 45 -- --
Active $749,500.00 15360 UNION AVE 3 2 1975 48 -- --
Active $689,000.00 15105 UNION AVE 3 1.5 1783 49 -- --
Pending $375,000.00 3179 ARROBA WAY 4 1 1140 3 --