First Time Home Buyers and Home Sales

Home Savers

2009-03-01T13:50:00.000-08:00

I am very excited to announce that I teamed up with a group of Realtors that specializes in helping homeowners in Santa Clara county to find the right solution to relieve mortgage stress.

For more information you can check our website:http://www.myhomesaversteam.com/

Nice Bank Owned

2008-12-19T16:44:00.000-08:00

I definitely like this one. Located in a nice and quiet block, with 4 bedrooms and 2 baths. Good condition including double pane windows, updated bathrooms, laminate floors and a back yard with pavers. Just ready to move in and close to conveniences. The price, condition and location already has attracted a couple of offers. and I expect some more.

One of the lowest priced townhomes in San Jose

2008-11-26T20:22:00.000-08:00

This 3 bedroom & 1 1/2 bathroom bank owned property is in great condition and truly is the lowest priced town home in San Jose. The condition is good: recently painted, crown molding, updated bathroom and well kept carpet. It is conveniently located just feet away from the laundry. right now is in good condition and by adding new kitchen cabinets and a new counter top it'll be ready to get lots of WoWs! A lot of interest since the 1st day

Good for an investor

2008-10-20T16:06:00.000-07:00

This bank owned with 2 bedrooms and 1 bath has huge potential, I think an investor could put some care and imagination on it to turn it into a great place. It is located minutes away from one of my favorite mexican restaurants, schools and shopping centers. It has 2 additional living spaces on the back with even more potential than the main unit.

Large home in Alum Rock

2008-09-05T15:44:00.000-07:00

This home should be for a 1st time buyer with a large family, the garage was converted to a living space with a full bathroom and kitchenette in average condition. The interior of the main unit has Granite counter tops in kitchen, double pane windows with a lot of potential though. I like the large size lot and the fact that it is located in a corner lot. The big tree by the entrance provides some shade and blocks the view of the street too.

Mr. "Can I qualify for more?"

2008-08-21T14:44:00.000-07:00

Mr. H approached to me explaining He was pre-qualified for an amount that would not work for him: He needed to buy a property with a higher price.

Once I looked at his qualifications I concluded that we could explore different 1st time buyer programs and additional assistance to increase his purchase power. The bank reviewed his numbers and confirmed it was possible to find what Mr. H needed and He was happy to hear about this possibility.

Mr. H was looking for a new or newer property and with a pre-qualification in hand I visited a complex that He wanted, just to find out it was just sold out!, so I decided to visit more builders in the same area and found nothing suitable for Mr. H.

We started over and I took Mr. H on a tour, He liked a couple of properties but was not really excited, until we saw one that caught his eye, the problem?: it was a short sale and we did not really know if the sale will be approved on time. So I, asked Mr. H to meet me at the office to discuss more about it. He agreed that a short sale was not suitable for him and then we started looking a t the MLS.

To our surprise an REO in the exact same complex as the short sale had just came up in the market that second! We could not just believe it! Without hesitation we submitted our offer and it was accepted 3 days after! Mr. H couldn't be happier!

Now it was just a matter of ordering inspections, waiting for loan docs. and filling out the documents for the additional assistance. Inspections could not have been simpler: the property was just in great shape, the appraisal from the bank confirmed our price in the offer was right and then we just waited.

Loan docs came in and it was time for Mr. H to sign off, 1 day later the bank funded and 2 days later I broke the news to Mr. H: you just became homeowner, congratulations! when can I give you your keys? As soon as now, He said! So I met him at his new home and with a big smile He said: Thank you!

Mr. H got the type of property He needed, the lowest interest rate possible, additional assistance and additional incentives. Helping him making his dream come true was really satisfying to me!

A new assignment in Willow Glen

2008-08-19T12:20:00.000-07:00

We are really excited for the opportunity of selling this one. It is located just blocks away from Willow Glen downtown. It is a fixer upper and the price is just great for the area. there were some additions like extra bath and the conversion of the attic to a loft. Permits are unknown. It has a nice size backyard. This is more convenient for an investor that would like to take advantage of this price. I have not seen any price available like this one in this area.

Bank Owned Condo that sold fast!

2008-08-06T15:26:00.000-07:00

Another assignment in move in condition. I like the spacious floorplan with 4 bedrooms and 2 and a half bathrooms. Windows were recently replaced for double pane and carpets are new, also there's indoor laundry. All these makes it more convenient and attractive for a 1st time buyer. The price is great and that's why we got an offer as soon as it came into the market!

Great bank owned in Sunnyvale

2008-07-18T20:12:00.000-07:00

Another great bank owned, 3 bedrooms and 1 bath in a great location: Sunnyvale. Condition is ok, it requires some work on the backyard but nothing that can not be done. Location is ok, it is a quiet low traffic neighborhood close to 101 but far enough to avoid traffic noise. Proabably the kitchen could be bigger. This is a great opportunity to own a single family home in Sunnyvale for a 1st time buyer. The very same day it came into the market we received a couple of offers

We listed a new Bank Owned home in Miplitas

2008-05-28T15:10:00.000-07:00

This is a 4 bedroom/2 bath in Miplitas. This is one of the few REOs in that area. I like the fact that it is located accros Flikinger Park in a culdesac, it is a nice area. The condition of the prperty is good, it has double pane windows, crown molding, nicely painted. Totally different from what I've seen in some other REOs. This would be a good property for a 1st time buyer, the size (1234 sq ft) is good and the lot (6,000) too. I like the backyard.

REO Angels

2008-04-25T19:26:00.000-07:00

REO Angels LOGO
Originally uploaded by octavio_gv

We are very excited to announce that we just have teamed up as a group of Realtors that deal directly with Banks and list REO properties!!!.

We also represent buyers interested in that type of opportunities. We make it easy for the asset managers, agents and our own buyers.

We have several listings (active and coming soon) on Santa Clara and Monterey counties.

For more information you can check our website:
http://www.reoangelsteam.com/

Mr. "Is it really possible to become homeowner?"

2008-04-18T22:21:00.000-07:00

Mr. JM sent me an e-mail inquiring about 1st time buyer programs. He never owned a home before and had very little for down payment.

We met and talked about his plans and situation. We also determined which programs could fit into his situation.

He was skeptical but still wanted to try. We met with the bank and He was really surprised when they determined an estimate on his maximum loan amount and payments. He said: "Wow, this is more than what I needed!, what is the next step?". He went back home with a big smile.

Once He was pre-approved I showed him properties according to his requirements.
I included a property from a builder in a great location, close to everything including his job. He liked this particular property, He knew it was a good one and someone could just get it before He did, so He asked them to hold it for him by putting down a deposit.

The next day we went on our 2nd tour and at the end of it He said: "I need to see no more homes, let's go back to submit an offer with the builder". The next day we submitted our offer based on a CMA that I prepared for him.

A couple of days later the builder called us with the good news: our offer was accepted!, so we went to sign the contract.

The only thing we had to do now was waiting for loan docs from the bank. Mr. JM also was getting additional assistance for 1st time buyers. Mr. JM was even more excited!

Everything was going perfect but now California was declared as a declining market area and the bank requested an additional 8% of the purchase price!. Basically that was impossible and we had to find a solution.

After some research, I found that another bank was willing to do it with only 3% down. I met with Mr. JM and explained the situation and the alternatives: we need to switch banks but the good news is that your interest rate will be lower, are you willing to put 3% down? Mr. JM replied with a lot of excitement: Let's do it!, thank you for finding such a great solution!. Everything happens for a reason.

I negotiated an extension with the builder for our close of escrow, we started the process with the 2nd bank and they put the processing in a rush. Now we were back on track!

After a few weeks the bank called: documents are ready. It was time to call Mr. JM: what is the best time for doing your signoff tomorrow?. He could not believe it! He said: any time, this is very important!We still had some more news for him: your interest rate is even lower than we expected, I’m getting extra assistance and an extra incentive for you!. He could not believe it! Once again He said:"Everything happens for a reason, thank you!"

Mr. JM signed off and the next day the bank did funding. I called him: “you just became homeowner!, what time do you want to pick up your keys?, He answered: Let’s do it at 2 pm, I just want to thank you all your help to make this possible. Thank you!

This really made my day, a big satisfaction of helping somebody who believed for 20 years that becoming homeowner was only a dream!

Mrs. "Can I start a new life in a new home?"

2008-03-27T19:06:00.000-07:00

Mrs. J approached to me inquirying about 1st time buyers programs, she wanted to know what were the benefits that She could get by being a 1st time buyer.

She mentioned that She really needed to move to a new place as soon as possible and she had already seen a couple of interesting places. Right there at the 1st appointment I detemined what was the most suitable program for her and a couple of days later the bank confirmed that.

With a pre-approval on hand I started looking for a nice townhome or condo, in those days REO properties were becoming more popular and I found a huge townhome that needed some cosmetic repairs. She liked it but a couple of days later She decided that She was not in love with the property, so I started all over again and found a complex of new homes, I thought she might like them.

As soon as I showed them to her She just said this is it!, so I ran a comparative Market Analysis to help her determine the right price for our offer. She decided the price based on my recomendations and we submitted our offer, we had to wait for a response.

It did not take long to hear from the builder that our offer was accepted and Mrs. J was really excited!

The bank requested a couple of more documents and despite the program required a small down payment She wanted to reduce her payments and decided to put more money down.

I helped her coordinating the inspections despite this was a new property, we always recomend to run inspections.

30 days later the loan docs came out and Mrs. J signed off, She was so excited! Finally her dream came true!! and I was so hapy to give her the keys to her new home!