The Silicon Valley is starting to heat up!
For the real estate investors fortunate enough to not need to use leverage or borrow to complete a real estate transaction, we are seeing banks excepting lower offers just to work with these simpler and quicker cash purchases. Considering what was said at the California States meeting of County Assesors, the week of Jan. 17th 2011, by the Santa Clara County assessor Larry stone "some downward assessments, but not nearly to the extent that we have seen in the last couple of years." investors should be excited.
During this same meeting we also heard from California Board of Equalizations Betty Yee who said, "We will start to see promising signs in terms of certain segments of the economy recovering. I think Silicon Valley will certainly lead the charge." This has lead to many investors that had been thinking abut it that are now certan or more likely to make that leap.
Listen to the KLIV Podcast: The Economy & Silicon Valley
News from San Jose's own market watch report: Rental Increase on the way *Now a pay archive aticle
News from Forbes Magazine and Yahoo: San Jose #1 in expected home price increase for 2011.
News from the Irvine Company: San Jose to get back into building mode.
While working with investors we help spot and determine properties that are ready and able to rent. We also help coordinate repairs and specialize in renting both condos and homes. If you are thinking it is time to diversify your investment portfolio or just want to talk about future and current options please give us a call. The San Jose team works with all investors and investment projects with the utmost professionalism and efficiency regardless of all size and scope. The San Jose team has found homes for the first time San Jose home owner to the experienced and savvy Silicon Valley multi-unit complex investors with the same joy and appreciation of completing a successful deal .
Contact us by calling: 408.375.7429
Call For a List of San Jose Fixer Upper Homes
San Jose Multi Family Residential properties average sale price for Jan. 2010 is $463,555. This is off this month in 2009 with average sale price of $488,346. Even with the San Jose Investment Property inventory being down from last year by nearly 95% the average cost continues to drop. This could be due to the fact that there is far less money for real estate investors to borrow from banks.
In talks with some if our Lender contacts we have learned that people with two mortgages will not quality for any additional mortgages. Banks have backed away from the investors looking to cash in on todays great opportunities.
So who is left to purchase these great San Jose investment properties? All cash buyers are able to come in offering lower than asking price for many of these multi family homes; that's who. On average these listings are receiving 2-3% less than the original asking prices.
If your an all or mostly cash investor looking to get a great deals on a San Jose investment property, now is the time to make a move.
John C. Cushman III, chairman of Cushman & Wakefield, told an audience at the Burnham-Moores Center for Real Estate yesterday that the commercial real estate industry faces $5 trillion in mortgage refinancing problems over the next decade. Improved leasing, sales and construction conditions are unlikely until 2011 or 2012, he said.
"You have to make a very clear distinction between the general economy and commercial real estate," Cushman said in a wide-ranging chat, moderated by his San Diego managing director, Stath J. Karras.
"I think we have a ways to go," Cushman said, starting with an end to job losses that have nearly erased all the gains from 2003 to 2007.
Although housing seems to be bottoming out, Cushman said he was worried about $1?trillion in loans coming due on commercial properties by the end of next year and $400 billion annually for the next decade.
Lenders are unlikely to extend the loans without modifications, he said, and there are no obvious financing sources to replace them. Instead, Cushman said, billions of dollars are sitting on the sidelines waiting to pick up properties that might go for half their current value if their owners are forced to sell or fall into foreclosure.
The opportunity has never been more apparent for the International San Jose Commercial Property Investor.
You can find distressed properties or fixer-uppers in most communities of Silicon Valley and Santa Clara County CA. Keep in mind that "location, location, location" is still the "key phrase" of real estate purchases, whether for a fixer-upper or a single family home.
To get started in your search for a fixer-upper and to Get A FREE List Of Fixer Upper Homes In Your Area! Please fill in the form below. Here you will Find low cost homes to invest in. Pictures and maps provided. Find exactly what you want today!
Fixer Upper Real Estate is literally everywhere, even in wealthy neighborhoods. What sets them apart from other properties is price. They have lower market value than other homes in their immediate area because they have either been poorly maintained or abandoned. Some of these properties are also in foreclosure or a short sale.
Determining if a property that interests you is a wise investment will require a lot of work. You will need to learn what the average home in the immediate area sells for, as well as the cost of the most desirable properties.
When looking for a fixer-upper home or distressed property, some experts suggest you follow this basic strategy: find the least desirable home in the most desirable neighborhood. Then decide if the repairs needed is within your budget.
We can help you find great "Fixer Upper" or distressed properties and get instant equity. Whether you are going to invest to "flip" the property or buy the home to live in, we can give you the advice and knowledge to make good real estate decisions.
San Jose Fixer Upper Homes and Real Estate
Before deciding that your next home should be a fixer upper... you should do some homework on the subject. Many prospective homebuyers tend to have a romanticized version of the entire process, and are quite shocked when confronted with the hard reality.
A San Jose Fixer Upper homes can represent a great opportunity to purchase a home for less... as long as you thoroughly research the facts, and run the financial numbers BEFORE you purchase.
To help home buyers who may be wondering whether or not a fixer upper even suits their present personal and financial needs, industry experts have prepared a FREE Special Report entitled, "Fixer Uppers: Myths & Facts - What You Should Know Before You Buy". This report dispels the 5 most commonly held myths surrounding fixer upper properties, and also provides a simple financial formula for estimating available profit, or savings.