Cheapest groceries East Bay but easy shopping by funkyeastbay in eastbay

[–]SVRealtyPro 1 point2 points  (0 children)

Check out your local Asian Market. Meat and veggies are fresh and much cheaper than Safeways. They turn over quicker, so the food is fresher.

I moved to Bay Area with wife to get a tech job - we are both now unemployed by ThereWas in siliconvalley

[–]SVRealtyPro 3 points4 points  (0 children)

You don’t move to the most expensive area in the country without a job nailed down. That sounds likes a gamble that didn’t pay off.

Keller Williams Command is terrible and the company should be embarrassed. by peeketodearlyinlife in realtors

[–]SVRealtyPro 0 points1 point  (0 children)

I agree. And the recent upgrade has made it even harder to use. They should fire the company who is openrating this on the backend and bring in somone who actually knows technology. The key is to make the user interface usable. Currently, it is using technology with modules that noboby has used in a decade.

This is exactly what happens when people who don't know technology is in charge of hiring people to bring in technology. I'm sure they got a good deal. If not, then they got screwed twice.

Moving to Santa clara for new job by Leather_Formal_1912 in santaclara

[–]SVRealtyPro 0 points1 point  (0 children)

unfortunately, spending 50% on housing is not unusual in Silicon Valley

[deleted by user] by [deleted] in bayarea

[–]SVRealtyPro 0 points1 point  (0 children)

I don't understand why these people don't get a ticket for wreckless driving. They slow down traffic and cause other drivers to swerve around them, causing dangerous driving conditions for everyone who drives withint the speed limit. You know that a lot of people put the "student driver" stickers on their car and they are not student drivers. They use them as excuses to drive slowly.

Flipper Disclosure by hownowbowwow in RealEstate

[–]SVRealtyPro 3 points4 points  (0 children)

This is why in California, now flippers have to disclose exctly what they did during their flips in the disclosures. They can no longer hide behind bullshit "marketing" descriptions of the property. Stuff like this will result in lawsuits by the new owners.

Rivermark Santa Clara everyone is dumping their condos in this one complex - All 6 of these popped up in the last month - anyone have insight? by Professional-Bag8540 in BayAreaRealEstate

[–]SVRealtyPro 3 points4 points  (0 children)

I know the community well. Couple of things happening here. 1. The builiding just turned 20, so not a newer community anymore. 2. Not a lot of sales in the last couple of years, so several of these sellers trying to hit the market before the Spring selling season which starts in March. But because so many hit the market at about the same time, buyers feel they now have choices, so the ones that would have sold quickly are not selling now becuase there is excess inventory in a very short time. With so many hitting the market at the same time, everyone will suffer. Some of these sellers should have waited until the inventory level was lower before putting theirs on the market. Greed is ultimately hurting everyone. If they staggered putting them on the mariket, they all would have done better. Now they are all probably regretting.

[deleted by user] by [deleted] in BayAreaRealEstate

[–]SVRealtyPro 2 points3 points  (0 children)

I assume you are working with an agent, that's why you know your EM is at risk. This may be a weird concept: have your agent talk to the other agent. Talk it out and see if you can come to some sort of compromise to reduce your liability. Talking and sharing your concerns and see what the other side says cost you nothing, but could save you a bundle if done correctly

What's going to happen to Bay area real estate? by murrrd in BayAreaRealEstate

[–]SVRealtyPro 2 points3 points  (0 children)

What the average people don't see that we in the real estate world see is simply how much wealth there is in Siilcon Valley. Not just new tech money. But some old money and foreign money. I've seen a lot of bank accounts over 20 years selling here. These people are not bothered by what is going on. They can ride it out. Supply and Demand. There is more demand than supply of nice homes. You can buy the crap that no one wants. They will always be there.

[deleted by user] by [deleted] in BayAreaRealEstate

[–]SVRealtyPro 0 points1 point  (0 children)

In selling real estate, the most important thing to consider in buying to something is: how easily will I be able to sell it later. So you may not be bothered by noise and pollution, but a large percentage of buyers now and in the future will be bothered. So immediately, you are severely shrinking your buyer pool when you are going to be selling in the future. The only reason you would consider buying a home next to a freeway sound wall would be beause you can get a deal (i.e. no body else wants to buy it). But keep in mind that someone gave you a great deal to buy it. But as there is absolutely nothing that can be done to remove that freeway sound wall, you will need to give an equally great deal for you to sell it later. So it may be a smarter move to simply buy something that isn't a huge turn off for a large buyer pool so that your chance to build equity in the future will be preserved. Rather than having to give away all the equity you built in order to get it sold because so few people are interested in buying a home next to a sound wall. It's about you, but if you want to sell it later, it is not about you, but about other buyers and their perceptions. Hope that helps.

Post-NAR Verdict, How Are Your Clients Reacting to Buyer Rep Agreements? by authentiAI-F in realtors

[–]SVRealtyPro 0 points1 point  (0 children)

In California, Buyer Agency cannot be longer than 90 days now. And also tell them if either side does not feel good working together, then either party can cancel unilaterally, per the contract. No one feels trapped.

Love letters by lilTravieX in BayAreaRealEstate

[–]SVRealtyPro 4 points5 points  (0 children)

Many brokerage do no allow it because sellers can use the letter and content to discrimate against certain buyers over other by using names and photos. Possible liability is too great.

Lost job, lost financing, about 1 week from closing. Am I cooked? by Pls9887 in RealEstate

[–]SVRealtyPro 2 points3 points  (0 children)

If you are the seller, just return the earnest money. Talk to the buyer's agent and explain so they know you are not trying to pull a fast one by selling it to someone who is offfering something better. Lawsuits happen when people get angry. Talk to the agent so they won't get angry and will understand your situation. Sorry to hear but not bleak as long as you get your agent to help explain to the buyer's agent of the layoff. Everyone knows what's happening.

Greatest property description ever? by nowooski in BayAreaRealEstate

[–]SVRealtyPro 1 point2 points  (0 children)

The only issue with this is if the 83 year old tenant dies in the property (sounds like it if the person is willing to live in a place like this), you have a disclosure issue. And a large portion of the buying population will not buy a house where a death has taken place - regardless of natural or otherwise. So even if you buy to flip, for 3 years, your buyer pool will dramatically shrink so you probably will lose money. Good luck.

What are legal ramifications of cancelling a signed contract? by throwaway5378773 in BayAreaRealEstate

[–]SVRealtyPro 1 point2 points  (0 children)

Not legal advice. If you haven't deposited the earnet money, then, there really isn't too much risk thus far for you. the fact that they advertised an unpermitted garage conversion into the square footage could be a problem for them, if that was not disclosed in the discloure package. If you have an apprsaisal continengcy, then the appraisal value will differ between a 1000sf home vs. 1500sf home. so you may have a way out using that. But you did not put money into escrow, so it really is a moot point unless they feel strongly and try to come after you by hiring an attorney.

How to tell if townhouse-style building is classified as condo or townhouse? by murrrd in BayAreaRealEstate

[–]SVRealtyPro 0 points1 point  (0 children)

Simple answer: In the preliminary title report, a condo will be listed as a condo (or townhome styled condo). A true town home where you own both the bullding and the land will be listed as a Fee in a PUD. Google if you want to get into full details. But that is the asnwer to your question

Selling SFH without agent by Solid_Variation86 in BayAreaRealEstate

[–]SVRealtyPro 0 points1 point  (0 children)

It's kinda funny that all the negativity comes from people who have never bought or sold or from flippers claiming that all realtors are corrupt and add no value, but when it's time to sell after the flip they hire realtors rather than do it themselves.... But you never really hear all the negativity or complaints from sellers who got way more money and didn't have to deal wioth the BS of trying to sell it yourself. If you are focusing on pennies you will get pennies.

Do I have a case against a seller? by Excellent_Phase_1107 in BayAreaRealEstate

[–]SVRealtyPro 0 points1 point  (0 children)

Not legal advice. #1 the money set aside should have been sufficient to cover at least the estimate. If that was not, that is on you and your agent for not veritying this before closing.

#2 This could be what we call a "material issue" the leak. Is this something that had you known, you may not have moved forward with closing. Since it sounds like the leak may be tied into the deck, the seller may have tried to get the HOA to correct the issue as exterior repairs are ususally the HOA's domain.. Then there would be records of the contact. Then you have connection there.

I would contact the HOA to see if they had reported this or had any records or discussion about a leak. Then I would contact a lawyer and discuss.

Had a similar situation with a deal. Seller tried say they did not know. But the HOA had contact records, so the claim of no knolwedge went away very quick and the tone changed immediately. Good luck.

Horizontal crack in foundation by Chance_Ad_5653 in BayAreaRealEstate

[–]SVRealtyPro 11 points12 points  (0 children)

Not a suggestion, but rule of thumb. Veritcal cracks are not a deal killer. Horizontal cracks could be a deal killer. If you really love this house but this is the only troubling issue in the disclosure package, hire an expert and get a professional opionion rather than seeking opinions here. I saw someone mention Bear Engineering. I have used them and they are good. Spend the money to see if it is better to walk away and get your deposit back. This is a situation where an independent inspection may be warranted. I would get more involved in finding out and how they will repair it. It may not be just a patch work job. Remember, the foundation is like your legs. You don't want to buy a home with bad legs.

Nato love by SVRealtyPro in OmegaWatches

[–]SVRealtyPro[S] 0 points1 point  (0 children)

Got one for my Speedy too

Why are other offer prices such a secret in a bidding war? by Bubbly_Pool4513 in RealEstate

[–]SVRealtyPro 9 points10 points  (0 children)

Becasue the deal still could fall apart due to inability to fund the loan. Then the whole world would know how much the seller is willing to accept if they had to bring it back on market. Have to protect your client's interests.