Another excellent REO opportunity has come on the market in the Belle Haven area of Menlo Park.
1150 Hollyburne Menlo Park is a 2 bedroom 1 bath home listed by New Light Realty at $287,500.
Unlike many REOs, this home is actually in pretty good shape with an update kitchen and bath. Yards and fencing are in […]
Entries Tagged as 'First-time home buyers'
Menlo Park REO foreclosure 1150 Hollyburne $287,500
February 28th, 2010 · No Comments
Tags: First-time home buyers · Foreclosures · Menlo Park Real Estate · Cool Listings
2384 Oakwood Drive, East Palo Alto foreclosure opportunity
February 22nd, 2010 · No Comments
I previewed the following East Palo Alto for a client of mine today.
2384 Oakwood Drive 3 bedrooms 2 baths $209,000.
This is a REO property.
Tags: REO · First-time home buyers · Foreclosures · East Palo Alto real estate
Foreclosure Opportunities in East Palo Alto and Menlo Park
December 3rd, 2009 · No Comments
One of the most active and strongest markets on the San Francisco Peninsula can be found in the Belle Haven area of Menlo Park and in East Palo Alto.
Most of the listings in these areas are either short sales or foreclosures.
Run-down fixer uppers can be found sometimes below $200,000 and generally between $200,00 and $250,000.
These […]
Tags: Foreclosures · First-time home buyers · Short Sales · East Palo Alto real estate · Menlo Park Real Estate · Investment Real Estate
The real estate market on San Francisco Peninsula has heated up
September 17th, 2009 · No Comments
In my previous few posts, I documented that the number of homes sold in San Carlos Menlo Park and Palo Alto during the second quarter of 2009 was TWICE the number of homes sold in the first quarter of this year.
The numbers tell the story - but stories also illiminate the numbers.
I recently wrote an […]
Tags: Redwood City real estate · Portola Valley Real Estate · Mountain View real estate · First-time home buyers · East Palo Alto real estate · los altos real estate · Palo Alto Real estate · Sunnyvale Real Estate · San Carlos Real Estate · Menlo Park Real Estate
San Carlos First Time Buyer Down Payment Assistance Program
April 15th, 2009 · No Comments
San Carlos has just enacted a first time buyer down payment assistance program.
San Carlos will make a second loan up to $55,000.
Interest rate will be 3% with no payments for 5 years.
For more information, click here.
A big thanks to Chuck at ReMax for pointing this out.
Tags: First-time home buyers · San Carlos Real Estate
Price is not the only thing a seller looks at !
April 5th, 2009 · No Comments
Jay Thompson the Phoenix Real Estate Guy provides an excellent review of all the factors that go into a seller’s evaluation of an offer or offers. It does not ALWAYS come down to price.
Each seller has different needs and motivations so each seller will give differing weight or importance to all of the factors you […]
Tags: First-time home buyers · Helpful Sites
Let’s keep things in perspective
April 1st, 2009 · No Comments
Many folks seem to be in a large degree of despair about the economy and the housing market.
Yes, things are a little rough right now - but we are nowhere near “the end of civilization or the world as we know it”.
We need to keep things in perspective.
Here is some historical data that may help […]
Tags: First-time home buyers · Inspiration
Do any of these government mortgage relief programs work?
April 1st, 2009 · 1 Comment
I have generally been pretty skeptical about whether any of these much talk-about government programs will actually help any homeowners? Are these programs just more of the “promise a lot, deliver a little” that we seem to get out of Washington DC the past 10 years or will they actually help people.
I like to stay […]
Tags: Short Sales · Foreclosures · First-time home buyers · Pending Legislation · Credit Information · Sub-Prime Mortgage Issue · Helpful Sites · Real Estate Finance
Is the real estate market approaching bottom?
March 29th, 2009 · No Comments
The Sf Chronicle often paints a fairly bleak picture of the local real estate market.
However on today’s front page, the San Francisco Chronicle reports on some postive movement in the market.
The SF Chronicle reports that the Bay Area median price is around $300,000 and that with a Bay Area median income of $80,000, one can […]
Tags: First-time home buyers · Foreclosures · Investment Real Estate · Real Estate Finance
Habitat for Humanity purchases their first REO in Menlo Park
March 27th, 2009 · No Comments
Habitat for Humanity just entered into contract to purchase a home in the Belle Haven area of Menlo Park.
With the price of bank foreclosure REOs being so low, Habitat has started a program to buy existing homes, rehab them with volunteer labor and turn them over to new owner occupants.
If you have any lender contacts […]
Tags: Habitat for Humanity · First-time home buyers · Foreclosures · East Palo Alto real estate · Inspiration