Marcy's Blog
Up to date information on real estate in the Silicon Valley and greater San Jose/San Francisco area.
ARCHIVED BLOG POSTS
2011
I have a listing for a beautiful home in Gilroy as a short sale. Indymac approved the short sell off of the first through their 3rd party negotiator Service Link. Wells Fargo has had the file for 3 1/2 weeks now and the negotiator has said it looks fine with him and will recommend the upper mana...
01/28/2011
Question: We wrote our offer over a week ago. Why hasn't the listing agent presented it yet? The offer has expired. Should we withdraw? Are they playing games and using this to get a better offer? Answer: Good question. In our area if a seller or agent believes there are going to be multiple offe...
01/28/2011
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Question: My lender said that the offer of $360,000 on my house was too low because the realor hired by the bank to perform a BPO said it was worth $380,000. What is a BPO? Answer: A BPO stands for Broker's Price Opinion. When a lender wants to know the market value of a home for that moment in t...
01/23/2011
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Question: I am interested in a house that is a short sale. How does that work? Answer: That is a huge question! Here is the very simplified version of the answer: •1. The seller owes more money to the bank than home is worth but still needs to sell it. •2. The seller needs to get perm...
01/17/2011
Arms Length Transactions in Silicon Valley Short Sales Is It Too Onerous? When a seller sells their home as a short sale, most lenders will make everyone, the buyer, the seller, and the agents sign and notarize an Arms Length Transaction document. This states that the sellers and buyers do not ...
01/16/2011
Are you looking for a large home with 4 bedrooms, a dining room, gas kitchen, family room, wood floors, air-conditioning, a first floor bedroom, private back yard, quiet street, not too old, in a convenient location, and under $700,000? It is possible to have it all, at this lovely home in the h...
01/15/2011
I sell a lot of of Probate and Trust sales. They are not quite like a traditional sale, but not as unlike a traditional sale as a Short Sale or Foreclosure. One of the differences are disclosure obligations. In California on of the diclosure requirements that causes the most confusion is what ha...
01/12/2011
I have a short sale listing in Gilroy which had an offer accepted by the seller at the beginning of December. All of the paperwork was forwarded to Indymac who had it for about 2 1/2 weeks and then gave to Service Link for negotiation. By then it was Christmas Week. A negotiator was assigned ...
01/11/2011
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1710 Triton Ct, Santa Clara Ca. Virtual Tour: http://www.visualtour.com/shownp.asp?T=2372296 Are you looking for a large home with 4 bedrooms, a dining room, gas kitchen, family room, wood floors, air-conditioning, a first floor bedroom, private back yard, quiet street, not too old, in a conveni...
01/06/2011
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I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date. Housing Inventory Snapshot December 28, 2010 Average List PriceMedian List PriceAverage Days On MarketSanta Clara County, CASing...
01/03/2011
Rainmaker
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468,931
Marcy Moyer
Probate, Trust, and Investment Specialist
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Up to date information on real estate in the Silicon Valley and greater San Jose/San Francisco area.
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