Great Santa Clara Duplex Investment

In the midst of a slower residential market, the multi-unit investment properties are actually boding quite well. We are tracking a quaint, well-maintained Santa Clara Duplex that is currently occupied by the owners and priced at $828,000. This is the perfect owner occupied investment opportunity where you can live in one and rent the other, or just rent both. A great way to become a homeowner and an investor at the same time. Give us a call for more information on this property!

Afraid of a short sale?

In this volatile market with many sellers trying to find a way out of their homes because they can't afford to pay the mortgage, many sellers are selling short? What does that mean? In a nutshell, when a seller sells short, their lender is allowing them to sell the home for less than what is owed primarily due to the fact that they can no longer afford to pay. For more information go to http://homebuying.about.com/od/4closureshortsales/a/shortsalebasics.htm

When I tell my buyers that a property is being sold as a short sale, they sometimes shy away and get nervous because it's a new phenomenom that's here to stay (at least for a while), but I'm here to tell you that it is to your advantage as a buyer if you are flexible in your time frame. You can get a killer deal and a great price! Even here in Silicon Valley!! Just expect to have some long waiting periods for bank responses as they are back, back, backed up right now! I imagine stacks of files up to the ceiling!!

Buyers, interests rates just improved today so if you're looking for a good buy and you have the time to deal with the banks call 408-396-0770 for short sale properties and bank owned properties.

FOR SALE! Great 3 bedroom 2.5 bath home in prime Milpitas!

Great Milpitas attached single family home in a great location! Only 650,000! Don't miss the open house this weekend on 5/10 & 5/11 from 130pm to 430pm. Move right in! This is a great buy! Call 408-396-0770 for more info! More pics at www.tourfactory.com/420119

April Sales are up...but prices are down

The numbers are in and April transactions were up from last month in Santa Clara county but the median prices continues to fall. The number of sales for single family homes rose 10.3% from last month and condos rose 12% ,but the median prices are down 4.5% and 5.2%, respectively and inventory continues to rise.

For a full report go to http://rereport.com/scc/print/ChristineKimSCC.pdf or call me at 408-396-0770 for more info on your specific neighborhood.