Redwood City's Fitzpatrick Professional Center The first bank of Redwood City that was later sold to Wells Fargo Bank. The economic growth and development of Redwood City came about by The Bank of San Mateo County. This Bank of San Mateo County handled the monies for the rebuild of San Francisco after the 1906 quake and fire. The Bank was also … [Read more...]
Mortgages Fees Are Going Up! Fannie Mae and Freddie Mac are raising what they call “risk fees”* to lenders and borrowers with good credit. It doesn't matter if you have good credit and pay all your bills on time. It doesn't matter if you have a good job. It doesn't matter if you make a fabulous salary. You will pay more money now if you are … [Read more...]
Is A Strategic Walk Away A Good Idea? Redwood City, CA: I have seen owners of homes just walk away from the home because they owe more than what the house is worth. Is this a good idea? I mean on any level is it a good idea? Is A Strategic Walk Away A Good Idea? A bankruptcy lawyer the other day told me that the banks are so cumbersome and … [Read more...]
30 year fix vs 7 year fix 30-Year Fixed Loan vs. 7-Year Fixed Loan A 30-year fixed rate loan in real estate is a loan your bank gives you and you agreed to repay the principal and interest on the money you borrowed equally over a 360 months payment schedule. This contrast to a 7-year fixed loan, which is also known as an ARM or … [Read more...]
How much home can I buy? Here's a simple formula I learned some 36 year ago for figuring out what someone may afford when buying their new home. Take your Gross Income, multiply it times 40%, divide by 12, and that will be your monthly payment you would qualify for from the bank. (This is if you have good credit and is only a ball park … [Read more...]
IRS Says...You'll Owe Taxes If Selling By Short Sale!!! This is some important news for home sellers thinking about doing a short sale and why you'll want to do it before the end of the year. IRS Says...You'll Owe Taxes If Selling By Short Sale!!! By clicking the link below you will be able to watch a video on what is in store for homeowners … [Read more...]
Inflation ~ Real Estate The Answer? Inflation calculator <==Use the inflation calculator link to see how much prices have changed in the United States from 1913 to July 17, 2012. Next update will be 8/15/12 Inflation is a sustained increase in the general level of prices for goods and services. It is an annual percentage increase. … [Read more...]
Club Fox ~ Redwood City, CA One Sunday night Redwood City had the privilege to see one of the great Country/Rock-n-Roll guitar players Albert Lee. Albert Lee has played with many musicians over his 53 years of touring across the world. Eric Clapton said..."Albert Lee is the greatest guitar player..."! Club Fox ~ Redwood City, … [Read more...]
Top 10 Mistakes Sellers Make When Accepting An Offer Redwood City real estate is a great investment instrument for both the homeowner and the investor. It provides the basic need of life...shelter for the homeowner. And for the real estate investor it usually brings in Redwood City a profit for homeowners and real estate investor alike. Before … [Read more...]
Here's a two-minute video on the future of getting a loan. Finishing up are the current mortgage rates, which look pretty good. Enjoy and please call if I can help you with any or your real estate needs. … [Read more...]
I always look forward to hearing about your thoughts and ideas about real estate. If you should have any questions please contact me using the most convenient method to you.
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Today Sotheby's International Realty
1250 San Carlos Avenue, Suite 101
San Carlos, CA 94070
DRE#: 00605874
Serving Silicon Valley since 1976.
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