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28 April 2006 @ 01:26 pm
Anybody know a good realtor? I'm seriously considering getting off the California Real Estate Prices rollercoaster (like, soon), but the very good realtor that I used when buying has since retired.

Addendum: a realtor who routinely serves the Fremont area would be strongly preferable.
BlackSheepblacksheep_lj on April 28th, 2006 11:09 pm (UTC)
I don't think my realtor "routinely" serves the Fremont area, but I believe she will work there. She lives down the street from me and if you're interested I'll send her phone number/email your way.

A better option might be whoever Kevin and Rachel worked with....they were looking in the area you live and the area you might be thinking about.
_firepixie__firepixie_ on April 29th, 2006 12:01 am (UTC)
We bought our house in Fremont last year and it was really super easy n'stuff. Our realtor was Kurt Yoos, his website is kurtyoos.com and he's a nice guy if a little frantic at times. :) But our home purchase was as easy as "sign here. And here. And here and here and here and here and here and......." He hooked us up with his loan guy and everything. Part of me now wishes I'd paid more attention during the process so I would understand it better, but it was just so darn *easy*. I don't know if home buying is supposed to be that easy.

Of course we were already living / renting in the house we bought which makes things much easier. But give him a call. :) Let him know I sentcha.
lauraxeyda on April 29th, 2006 09:26 pm (UTC)
As a matter of fact, I *do* know a good realtor, and she has been working the bay area for like 25 years. Her husband is my maestro, actually, and he has recently gotten his own license, so they work as a team now. I'll dig up their number for you. =)
Noahangelbob on April 29th, 2006 09:55 pm (UTC)
Sounds good. I'd love to talk to them.
VanderVeckenxthread on April 30th, 2006 01:36 am (UTC)
getting off the California Real Estate Prices rollercoaster

Noahangelbob on April 30th, 2006 02:33 am (UTC)
Not planning to move out of the Bay Area. Though possibly relocating back from SE Bay to S Bay. Just don't want to be holding an object as expensive as a house in the current real estate market.
Hillary: Anyacoyotegrrrl on April 30th, 2006 04:12 am (UTC)
So you want to go from owning to renting because the prices are high now but might not be in the future?
Noahangelbob on April 30th, 2006 04:51 am (UTC)
Yup. Specifically, about a year ago they were giving out a *lot* of interest-only adjustable-rate-after-five-years mortgages which are going to (for several reasons) cause a serious market downturn when people start defaulting on them. Until that situation is better resolved (in about 2-4 years, or possibly sooner), I don't trust the market not to have a very sudden, very severe crash as a direct result of those mortgages hanging around.
Anthony: moneyterpsichoros on April 30th, 2006 03:30 pm (UTC)
Do you think it likely that your house will fall back to below what you paid for it? If not, then all you are risking is a paper loss, unless you've since borrowed against the increased value of your house, and opportunity costs. There's enough money floating around the Bay Area to believe that property prices won't fall much, barring either an earthquake or a BIG crash in the IT industry (bigger than the one in 2001, as that one didn't cause property values to fall).

From a micro point of view, it makes sense to look at what you're paying for your house now, and what you'll pay for the alternatives, and how much income you can derive from investing your profit on the sale of the house now. Unless *you* have one of those adjustable-real-soon-now mortgages and a really sweet rate right now, I don't see it making a lot of sense to go from owning to renting.

(Note - I understand that it may make sense to you to not own the Disaster House in light of your changing circumstances. In your place I might do the same. I'd probably buy another house with the proceeds of the sale. But I don't know your financial situation right now, either.)
Noahangelbob on April 30th, 2006 06:38 pm (UTC)
I think my house won't fall to below what I paid for it unless something goes really seriously, badly wrong.

As far as property values not falling -- apparently my place's estimated worth has been falling for the last few months, according to research on Teh Web, though how far it'll slide is an open question.

And it's not like there haven't been significant drops in real estate prices here before - it was really kind of miraculous that it didn't happen in 2001, as far as I could tell.

I've got a decent rate now and a fixed-rate mortgage, so I'm not in danger of my payments going crazy. I'm not worried about taking an actual loss. I'm just still happier sweeping winnings off the table, as it were.

There may be other tax-related reasons to do this. I'm attempting to talk to my tax guy about it, but around April 15th turned out to be a busy time for him -- who knew? -- so I haven't managed yet :-)
Cortneycortneyofeden on April 30th, 2006 08:12 am (UTC)
When we were looking, we really liked our East Bay agent.

His name's Michael Swift, and if I recall correctly, he works for ReMax in Fremnt (unless it's changed in the past year and a half).

I have phone numbers and an e-mail address I could share.