Santa Ana SFR for Investment

This deal looks good. 10 blocks away from the renovating downtown. 4 bedroom, 2 bath house with potential rents of $2500+. Over 1,500 square feet on over 6,000 sf lot. Asking $450,000. Potential 4.88 cap rate on easily achievable rents with some rehab. Call me for details on this hot listing at 415-269-6249.

Cupertino Elementary & High Schools Maps & Boundaries

If you want the best links to the schools of Cupertino and Sunnyvale within the Cupertino Union School District & the Fremont Union High School District, please click below:

Cupertino Union School District Map

Cupertino Union School District Street Finder

Fremont Union High School District Map

Fremont Union High School District Street Finder

Not to confuse those who live in the City of Fremont in Alameda County... but the Fremont Union High School District is located in the Cities of Cupertino and Sunnyvale. The high schools are Cupertino High School, Fremont High School, Homestead High School, Lynbrook High School & Monta Vista High School.

If you want excellent advice on what home to buy in these areas, please call me at 415-269-6249. I have been selling in Cupertino and throughout the Silicon Valley since 1991. I will be very glad to take your call.

Just Listed Home for Sale in Berryessa, San Jose

Short Sale Single Family Home Deliverable in Santa Clara

We have a great opportunity to sell a small single family Kaiser built home near Winchester and Hedding in San Jose at the Santa Clara border. Just over 1,000 sqft, 3 bed, 1 bath on a 6,000 sqft lot. Home was recently remodeled. Sellers are selling short. The deal may be done at approx $470,000 with CMA values in the $515,000 range. This is a great buy and a home that will rent easily. Hold this property forever or sell in 3-5 years for a quick profit. Great neighborhood, easy management, perfect asset to own. Let me show you why you want to own this home.

Wonderful Home for Sale near Santana Row

Open House Saturday and Sunday, Feb. 27 & 28th, 1-4pm

Gilroy Short Sale Single Family Home $335,000!

4 year old, almost 1,500 square foot single family home, 3 bedrooms, 2.5 baths, large space dedicated to the master bedroom (including walk in closet, separate shower and soaking tub, double sinks), bright throughout the home - all in a wonderful complex with community pool, park and kid's play area. This home just went on the market and will sell quickly. Perfect newer home opportunity in Gilroy.

Cupertino New Construction Single Home & Professional Office

2 new short sale listings - not on MLS in San Jose & Gilroy

Two excellent deals for investors or for home buyers who are getting cut out of the market due to "all cash" offers.

1. 4 year old home, zero lot line in Gilroy. 3 bed, 2.5 bath, just shy of 1,500 sq ft. 2 car garage. Excellent condition. One of the few homes in this tract with a full driveway. $325,000.

2. San Jose single family home. Details to come very soon. 1 week away from trustee sale. We have had great success even in these last minute opportunities to have trustee sales postponed. All we need is a listing agreement and an investor or home buyer to write an offer.

Let me know if you have an interest right away.

Sold! Fabulous Townhouse in Willow Glen

We just closed escrow today on a wonderful townhouse that we had listed in Willow Glen on Delbarr Court! Offered at $549,000 and sold for $545,000. If you want us to sell yours too, please call.

Real Estate Market Segments and Good Moves

Common thought in the housing market is if you are selling a small home and buying a bigger home in the same market (let's say the South Bay) or doing the opposite by downsizing - then it doesn't matter if the market is a soft seller market or a hot seller market. High or low - you are simply trading across - a la the tide raises and lowers all boats...

True in a "normal" market. But is any market "normal"? And really - this market is not that at all. Because of specific abnormal issues affecting the market (lack of good first time buyer financing, REOs and short sales in abundance, decent financing for homes <$700,000 and ugly financing for anything above $1M, the condo market suffering HOA funding issues and lenders shying away from lending in those complexes, etc.) The market is segmented in ways that will allow certain buyers/sellers to gain over others.

The typical trade up buyer selling a small single family home or a townhome with the right criteria in the sub $700,000 range (that is not a short sale) will attract great buyer interest and sell at a very good price. That same client will also benefit very well as a buyer in the over $800,000 range due to a lack of buyers in that market and significant softness from REOs in certain areas (just look at what you can get in Evergreen/Silver Creek Country Club areas for $1M+ - VERY nice housing.

Every market has it's ideal moves, this market has ideal moves that are super-charged because of these highly unusual factors.

New Short Sale Townhouse Listing in Willow Glen

http://tours.altavistavirtualtours.com/public/vtour/display/7022

$515,000 for a lovely 2 bedroom, 2.5 bath, 2 story townhouse in a quiet and small complex in Willow Glen. Low HOA dues of $175 per month. 1 car garage plus an assigned open space. Great schools. Come to see this home on Sept 13th open house or sooner by calling me at 415-269-6249.

San Jose Silicon Valley Real Estate First Time Home Buyer Seminar

Our very informative first time home buyer seminar is scheduled for Thursday August 20th from 6pm - 7:30pm at the Intero Cupertino office. Tony Guaraldi of Intero Mortgage will talk about current financing options and our manager Jess Wible will talk about buying opportunities in the REO, short sale and conventional markets. Buyers in 2009 will do very well in my opinion. Get to the class and let's start looking at your first home.

RSVP please as seating fills up every meeting.

Santa Clara County Foreclosures Rising Again

Check out the article by Mercury News real estate reporter Pete Carey about the rising tide of Foreclosures in the Valley. The tide is rising again, somewhat buffered by the Obama plan and other local governmental agencies artificially halting foreclosures. This will stretch out the problem so that the pain will be felt more evenly over the next couple years. Expect a significant impact in listing inventory as we get past September.

Last Year's Bank REO is This Year's Short Sale

It's not this year's Black is the last year's Ecru... Although it is interesting to see that a bank owned condo in the mid-Peninsula in early 2008 is now on the market as a short sale some 15 months later. Yes - all bank deals are not necessarily good deals! And for sure, the banking regulations and scrutiny have become more intense in that period. Good for consumers and banks to have loans decided on their true merits and stability. I also believe that the first wave of bank owned properties last year were the beginning of the slide and many buyers thought otherwise. Most bank properties now are selling quickly in the Peninsula and the South Bay. Some though, especially the higher end homes are sitting and taking price reductions. There are good reasons to not jump in necessarily on a deal just because it is owned by First National Trust and Co, Ltd..

City of San Jose Downpayment Assistance for High Rises

The City of San Jose just opened up the downpayment assistance program to the new high rises in downtown. These will included The 88, City Heights, 360 Residences and Axis. Assistance of $50,000 for one bedroom units and $60,000 for two bedroom units are available. These are no payment loans - the cost of the loan is the pro-rata appreciation of the unit when you sell in the future. Example, if you buy a $400,000 J plan one bedroom at The 88 and use $50,000 from the City for a downpayment, this is 12.5% of the purchase price. When you sell, you would pay back the original $50,000 plus 12.5% of the profit. Very good deal. This paired with some fantastic deals in price that are being offered and you have a great opportunity to buy your first home. Call us for the current best values in downtown.

Estate Quality BANK REO near Silver Creek

Feel like you are on vacation in your own home! Breathtaking views of golf course & city lights from this elegant Ponderosa Ridge home. 6 bedrooms,3 ½ baths with upgrades throughout. Excellent floor plan with marble, hardwood floors, new carpet & paint. Spacious master suite with fireplace, vaulted ceiling, huge spa bathroom. Open kitchen and family room overlooking pool and flagstone patio. 3 car garage. 4,001 square feet on a 15,681 square foot lot. Built in 1999. This is a very well priced bank deal in the Silver Creek area. Just came on the market. Offered at$1,319,900. Call for a tour quickly. I am holding this home open Sunday, May 10 from 1:30-4:30. 4751 Whitetail Lane, San Jose, CA 95138

Communications Hills Townhouse Bank REO $425,000

Two bedroom, two and a half bath, modern townhouse built in 2002. 1,264 square feet, end unit model on Communications Hill. Great location. Granite upgrades, Views!, two master suites. Two car garage. Too much to list. Great value! Call me to tour 415-269-6249.

7 Bank REOs in Los Gatos

A total of 7 bank owned homes in Los Gatos available now. These are some very nice deals. Call me to get a run down of which would work best for you.

17450 Phillips Avenue - $2,750,000 - gorgeous estate home, gated entry, 5,725 square feet.
15433 Blossom Hill Road - $1,399,900 - 4,324 square feet
101 Via De Tesoros - $949,000 - 3,505 square feet, gorgeous pool, setting, amazing price per square foot in a great area
301 Blossom Valley Drive - $749,000 - 1,602 square feet - very nice house in Los Gatos
16449 Lucky Road - $1,919,000 - Monte Sereno address - 4,913 square feet - modern light filled home. A short drive up the hill from Hwy 9. Spectacular views.
16040 Escobar Avenue - $1,225,000 - 2,096 square feet - very pretty house on nice lot.
15075 Garden Hill Drive - $825,000 - 2,106 square feet on over 19,000 square foot lot - large fixer upper in great Los Gatos schools

Mario Pinedo, CCIM
Intero Real Estate
415-269-6249 c
408-342-3155 office

Stunning Estate Bank REO in Los Gatos - Open House April 11th.

Amazing Bank owned REO estate in Los Gatos. Huge, gated property very close to downtown Los Gatos. Outstanding schools, great demographics, perfect place to call home for a long time. Countrywide Home Loans took this property back and they are pricing it very low to get it sold! I am holding the home open on Saturday, April 11th from 1:30-4:30pm. Or call me for a private tour anytime this week. You will fall in love with this house and with the opportunity. Home is at 17450 Phillips Avenue, Los Gatos, CA 95030. Offered at $2,750,000 (new price as of April 7, 2009)for 5,725 square feet on over 4 acres. See the virtual tour here.

2 Stunning Short Sale Homes in Saratoga

20720 Leonard Road, Saratoga, SPECTACULAR NEW HOME ON A PRIVATE GATED CREEKSIDE CUL-DE-SAC NEAR TOWN. PROPERTY HOSTS 2 STORY MAIN HOUSE W/BASEMENT (5 BDRM 5.5 BATH W/BASEMENT BDRM)& SEPARATE GUEST HOUSE(1 BD 2 BATH W/KITCHEN,NOOK & LR).PERFECT INLAW, GUESTS,AU-PAIR QTRS,RENTAL OR GYM.PLANS AVAIL FOR POOL IN 2 LOCATIONS ON THE SITE. 3 CAR GARAGE,USE OF FINE MATERIALS & DETAILS.

Leonard was built in 2007 and never lived in! Amazing opportunity to buy a true estate home in Saratoga.

14190 Victor Place, Saratoga, $2,300,000, 5 bedrooms, 6.5 baths, 6,000+ square feet. Built in 2002. This is a wonderful home in a perfect location. The short sales were brain damage last year, now most banks are returning decisions in less than a month. Don't wait till this home becomes an REO and then there will be multiple offers.

Call me to tour - these are worth seeing.