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TW, I paid 430k for a 2200 sq ft 4 bedroom/ 2.5 bath new home in Fremont 12 years ago. It kind of gives some perspective on how high prices still are.
And a year before you bought it was somewhere in the mid-upper 300K. Crazy 12-13 years we had.
TW, I paid 430k for a 2200 sq ft 4 bedroom/ 2.5 bath new home in Fremont 12 years ago. It kind of gives some perspective on how high prices still are.
And a year before you bought it was somewhere in the mid-upper 300K. Crazy 12-13 years we had.
I am trying to get out of crowded and overpopulated places like san jose, sunnyvale, palo alto etc. My work is in san jose, and hours are adjustable. I prefer solitude over convenience
You want to commute 40+ miles each way just to live in Half Moon Bay? Wow.
A number of years ago, I was working for a major company headquartered in downtown Minneapolis, MN. I lived in the Warehouse District which was right next to downtown. I would walk to work or if I was feeling lazy, take a bus for 50 cents each way.
All my co-workers lived in the burbs and had hour long rush hour drives. Me? I was the first in the office and would have a relaxing bagel and coffee while waiting for everyone else to show up.
At least when you get home, you can go to the beach and breathe unpolluted air. Half an hour on the beach will wash away all your troubles and stress. I have done it before; trust me it is worthed.
At least when you get home, you can go to the beach and breathe unpolluted air. Half an hour on the beach will wash away all your troubles and stress. I have done it before; trust me it is worthed.
Don't get me wrong, I like HMB, but that drive..... Ever think how much pollution is being caused by the commute?
http://www.flickr.com/photos/jvolstad/sets/72157600405977418/
It is beautiful, isn't it? It is so unlike anywhere else in the bay area. You have to love it to compromise the 40mile commute. I have currently 2 friends that live and commute from HMB. They say after a while you forget about counting the miles. Having an electric car also helps :-)
file a complaint with the DRE dept of real estate
http://www.dre.ca.gov/cons_complaint.html
not sure what the violatio is but definetly shady
hope you can get the D bags license pulled
Then, how do you buy a property in the bay area?
Go to www.redfin.com No BS, just helpful agents working on salary, not commission.
You're planning for a 40 mile commute? That just sounds crazy. A 2+ hr drive per day so that you can enjoy all of what 15 mins by the beach? Really... think about that. The realtor might've unintentiopnally done you a favor on this one.
Okay - shame on you for signing a contract like that - but you know that now...
So - she can go and muddy your name to other agents? I'm surprised to hear that she would be bad mouthing anybody - in the world of realtor, isn't it all about smiles and too much perfume? Throwing mud around seems to be a bad idea for realtor. One of these days somebody should muddy her name back.
My take on this, once holding two real estate licenses in two states for real estate investment referral is that I never disclose my personal financial details on an investment, including if a deal is going to financing, with a RE agent (unless they are lending the money, a RE has absolutely no business knowing personal financial affairs.) Secondly, loan or not, in my opinion a deal IS always a cash deal to the buyer considering my offer, no matter where the money is coming from if in the end the buyer is paid in full (unless they are holding back some of the purchase as a loan to them it is a cash deal.) SO the notion of “cash deal†is IMHO often a misleading and manipulative misnomer. Thirdly, a real estate agent is there to show me the property and present my offer to the seller, the idea of being pressured into any contract is against my personal standards of professional conduct, and I would have in no uncertain terms, if the pressure went that far simply told the agent, "My money spends anywhere. You can go to Hell!"
I would not hesitate to post the realtors name, copy of the email and the brokers name all over the internet. Make a point to send links of all the posts to the used house salesman and broker. There are sites specificaly for this like ripoffreport.com. I would make enough post so that when the broker or agent is Goggled one of your post shows on the first page. Why protect them by not posting the agents name? Help protect other buyers from that old bimbo.
The house aint no fly. It will still be there later when the the contract expires.
The contract you signed do have an expiry time, doesnt it? I will never sign a contract that is forever.
The agent worked to get you that property. She obviously thought it was a waste of her time. It may have been or not. I don't know that. When she fired you in the email. That does not undo the contract. She may have better people she thinks for that house. Therefore she did not include the contract in that manuver. Maybe thinking she could loose a deal.
She has the right to protect herself in contract. Which like it or not is very wise. Deal is if you fullfill your part of the contract. Since she decided to keep it. There is nothing she can do. You did not spell out the problem entirely so it is difficult to assertain. Exactly what the problem is with the contract. That needs to be known. Sounds like there is no exclusive. So wait till it expires. If nothing else.
I grew up in HMB, it is a nice place but there are some down sides. First off it is wet and foggy or overcast much of the time. It has a very wet cold that cuts right to the bone. It is not the stereotypical sunny California beach town by any means. If you have kids there is a big drug problem in the high school, something like 85% or more admit to drug use in surveys. And on sunny weekends don't plan on going anywhere very fast, the routes in and out are clogged with traffic. And commuting to San Jose would get very old very fast for most people, do you really want to spend all those hours in a car?
"Thirdly, a real estate agent is there to show me the property and present my offer to the seller, the idea of being pressured into any contract is against my personal standards of professional conduct, and I would have in no uncertain terms, if the pressure went that far simply tell the ag ent to go to Hell."
Amen :-)
"Okay - shame on you for signing a contract like that - but you know that now... So - she can go and muddy your name to other agents? I'm surprised to hear that she would be bad mouthing anybody - in the world of realtor, isn't it all about smiles and too much perfume? Throwing mud around seems to be a bad idea for realtor. One of these days somebody should muddy her name back."
Trust me, I won't do the same mistake twice! She called me to admit her mistake. But, it is too late; I just cannot depend on her any longer especially when it comes to hairy dealings such as short sales.
"You're planning for a 40 mile commute? That just sounds crazy. A 2+ hr drive per day so that you can enjoy all of what 15 mins by the beach? Really... think about that. The realtor might've unintentiopnally done you a favor on this one."
I have done this commute several times in the same week just to see how it feels. It takes 45min each way. I can adjust my work hours out of rush hour traffic. It is not all that bad :-)
"Go to www.redfin.com No BS, just helpful agents working on salary, not commission."
I dealt with them before. You cannot even talk to the guy since he is too busy to handle 30 other transactions. If the sale is a regular sale and you are the only client, then there is no problem. Shorts, foreclosues, multiple offers etc. you get what you pay for.
"I grew up in HMB, it is a nice place but there are some down sides. First off it is wet and foggy or overcast much of the time. It has a very wet cold that cuts right to the bone. It is not the stereotypical sunny California beach town by any means. If you have kids there is a big drug problem in the high school, something like 85% or more admit to drug use in surveys. And on sunny weekends don't plan on going anywhere very fast, the routes in and out are clogged with traffic. And commuting to San Jose would get very old very fast for most people, do you really want to spend all those hours in a car?"
Thanks, woggs1. These are truly good points you are bringing out. I knew about the overcast and the fog, but I didn't know the cold would cut to your bones. But, it cannot be worse than Minnesota :-)
"file a complaint with the DRE dept of real estate http://www.dre.ca.gov/cons_complaint.html not sure what the violatio is but definetly shady hope you can get the D bags license pulled"
I didn't know this. Thanks. There was another idiot before this one who used my offer to make the other buyer perform in a multiple offer situation on another property. I should do that for him. I will investigate this. Thanks again.
If she told an other agent unpleasant things about you that are provably untrue, and they affect your ability to do business with others, that's Slander,
maybe get a lawyer to draft something where you agree not to sue under slander laws if they release you of the contract ?
The first thing agent did was to make me sign a contract
There is one born every minute...
I have done this commute several times in the same week just to see how it feels. It takes 45min each way. I can adjust my work hours out of rush hour traffic. It is not all that bad :-)
I've had a 45 min commute before with zero traffic, and it was ok for the first month. It really starts to wear on you though. Right now it's 25 minutes and that still feels too long.
I hope you've accounted for other things, such as the issue with increased traffic every year. Rush hour will soon be rush hours, and eventually it will be unavoidable. If 45 minutes is the best you can do on a good day, then I'd highly reconsider living that far from your job.
"I've had a 45 min commute before with zero traffic, and it was ok for the first month. It really starts to wear on you though. Right now it's 25 minutes and that still feels too long. I hope you've accounted for other things, such as the issue with increased traffic every year. Rush hour will soon be rush hours, and eventually it will be unavoidable. If 45 minutes is the best you can do on a good day, then I'd highly reconsider living that far from your job."
You do have a point. Thank you.
the issue with increased traffic every year. Rush hour will soon be rush hours, and eventually it will be unavoidable.
I've had that happen as well when I used to work near DC. Even when the economy supposedly took a dump (although you wouldn't know it around here) traffic still kept getting worse.
I lived in Santa Cruz from around 2000 to 2007 while I was working in Sunnyvale. At first the 45 minute (I went off hours) commute each way didn't bother me. Living in Santa Cruz was also very nice at first and relaxing. I thought that living in a vacation destination would be fun; my friends would come to me and I'd already be where everyone wanted to go.
And then my friends never wanted to put up with vacation traffic so I'd drive up to the Bay Area to visit them, the 45 minute commute got really really old, and I absolutely hated how whenever I had free time to enjoy Santa Cruz it was generally overrun by tourists and what should have been a 10 minute drive across town would turn into a 45 minute drive.
And then I moved to downtown SJ where I can walk to one office location, take Caltrain to the other, and I'm much much happier with the situation.
If all your friends are out in HBM it sounds like it could be a good move. On top of that 92 isn't nearly as bad as 17 so the commute will be better.
But after living in Santa Cruz I decided I'm never living in a vacation destination again. No way. I hate dealing with the tourists.
On top of that 92 isn't nearly as bad as 17 so the commute will be better.
As long as Devil's Slide doesn't wash out. Of course, the new tunnel/bridge project should help with that. Also, on weekends during pumpkin season, you better not leave town during any daytime hours, because you won't be able to get back any time soon.
As for the substantive question, she can't practically speaking "fire" you and still claim to be your exclusive agent -- she can't have her cake and eat it too. She's breaching the contract.
I'd love to know who this is, so I never have to deal with her. You should talk to the broker who should be supervising her (if she's not the broker) first to try to work this out. If explaining the inanity of this situation and the fact that she is breaching doesn't work, report her to the DRE.
You could handle this the nice way, then escalate from there. Most agents just want to make a buck with the least amount of hassle. So talk to her, then to her broker. If agent has put a lot of effort in on your behalf, ask if she'll accept a referral fee from another agent's commission. Ask the broker if another agent in the same office can handle the transaction so they still make money.
Those are the nice ways. Or you can suggest to the agent and broker that you think it would be in your interest to have the DRE review the "contract" you signed. Most agents want nothing to do with anything that will attract the DREs attention. That is the not so nice way, but don't make it your first course of action. Nobody likes threats.
I can't quite reconcile how an agent can fulfill her judiciary duty and "fire" you at the same time. Too much information is missing here. Without seeing the contract it's impossible to know what all your options are.
I can't quite reconcile how an agent can fulfill her judiciary duty
I think you meant to say "fiduciary duty." However, a realtorused house salesmen does not have a true fiduciary duty like certain other professionals do. That's why things like dual agency are allowed.
I have done this commute several times in the same week just to see how it feels. It takes 45min each way. I can adjust my work hours out of rush hour traffic. It is not all that bad
surfer,
why haven't you been renting down there for a year or longer to know what its really like, different times of year, to live there and also commute from there? Learn things like schools and the meth-heads, etc.
A 40-mile along either side of the bay is doable, I know folks who did it for years and years and years: Caltrain, Capitols, buses, and carpooling, all are options. One person I know had to go to work with a cast on his leg for awhile; his carpool partners filled in during those months that he could not drive. HMB is not exactly a huge pool of carpoolers to San Jose. You gonna count on having the stars aligned perfectly, including the mechanical condition of your vehicle, for that commute? It will be a grind. I used to have a boss who lived in that area, it was groovy for him for the first year or so till his kid came along, then it was a hassle and a grind. He had to sell at a loss to relocate back to "The Valley".
I'd say, rent there for at least a year before forming an opinion that the commute is manageable.
company-required contracts should not be included in the buying process. You can miss fine print very easily unless you hire a lawyer
Then hire one. Less aggravation than a Realtor®. Who said you hafta have a Realtor® represent you anyway? If the seller wants to sell, they're gonna sell it to you whether your agent is Realtor® or is a lawyer. Use a lawyer.
I meant company-required contracts should not be included in the buying process. You can miss fine print very easily unless you hire a lawyer. I don't have any problems with state-mandated contracts; they go step by step into the buying process and protect both the buyer and the seller.
The company may "require" them but you aren't required to agree to them. And if you don't understand the contracts, or contract law, why don't you hire a real estate lawyer to assist you with this process?
So there is no need for a law to protect you from yourself in this regard.
Also, someone above said if it goes REO, the contract will be invalid - hard to say that without seeing it, so who knows - maybe back to that lawyer option. Of course, you can always ask the Realtor to complete her apology by voiding / ripping up the contract. And as stated by another poster, it must expire at some point...? See lawyer again if you can't decipher when that is.
"Windsurfer: I have lived in El Granada since 1999 and worked in San Mateo and San Francisco. I have experienced the traffic on both HWY 92 and HWY 1. HWY 92 traffic seems better after 9am and HWY 1 is never a problem until you hit Pacifica at 8 am until 9am. If Devil's Slide goes, it is best to leave the house before 6 am or stay home until 11 am. Before moving here I lived in Hermosa Beach in Los Angeles and worked near Santa Monica, so I was used to a 45-60 minute commute. When I moved to EG my commute was reduced to 30-45 minutes and the driving experince was much nicer than L.A. Like a previous posting stated, I would recommend that you rent for a year to test how things work to be certain before purchasing. I love this area and the fresh cool nights (without an air conditioner) of easy sleeping are much better than the stagnant heat of San Jose during summer nights. The commute is a drag especially if you do not get a chance to enjoy the mornings or the late afternoons. I always like coming home early to enjoy a sunny weekday when there aren't any "tourists" (bay area residents escaping the heat). From my experince since 1999, I can certainly say that the Half Moon Bay area just keeps getting better and better. Slowly, but surely. The community is very active in making things better here."
This sums to be the best advice I have gotten so far in terms of commute! I have a lot of junk and extra baggage, so I honestly cannot move from one place to another that easily. That is why I tried for 1 week to see how it feels to commute. My job allows me to adjust my hours; besides I would commute 3 times a week not all 5 days. What scares me the most is the "wet" cold that penetrates to your bones as one of you stated in a previous post.
In return, you get a great place to live; I would think it would be a much better neighborhood than san jose overall with less congestion, traffic, dirt and heat. I am still going back and forth. Trust me, it is a very difficult decision :-)
"That's really bad you should have not go on that agency in the first place , It's would be good if you do research first regarding on the agency and ask some friends about it especially when you are buying a house. Too bad for you, you already signed the contract."
It was only for that house. There will be more houses. At this point, I am not sorry anymore. May be it was meant to be this way so that I would find a better one in the future :-)
Thanks, anyways.
It is true about a "wet cold"; however, it also depends on your life style. If you like to bask out in the sun and heat, then no Half Moon Bay is not for you - but you will get maybe 10-20 days a year where you can do this. On the otherhand, if you like to surf (with a wetsuit) or run. Then the weather is great. You don't get overheated and I run there all of the time. Also keep in mind that the coast has microclimates. It is rumored that El Granada actually gets a little bit more sun than Moss Beach or Half Moon Bay. Pacifica gets a lot of sun in the back of Linda Mar where as the closer you are to the beach it is more fog. Again, I recommend renting for a year to see how you acclimate to the weather.
As far as agents go, this one sounds like a screwball. Keep your eye out, there are some really nice houses out here at good prices right now. Don't limit yourself to forclosures or REOs - I am seeing bargains on houses that the sellers reduced the price, understanding the market conditions, just to accelerate the sale so they can get on with their lives without dragging on keeping up two houses. I have seen prices come down by about 25% since 2007 when prices peaked. Look at the neighborhood, not just the house.
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I liked one of the houses in Half Moon Bay that I saw in MLS, contacted an agent (I will not disclose the agency name) and finally decided to make an offer.
The first thing she did was to make me sign a company-required contract (this is NOT a buyer's contract)to represent me just for this "particular" house. As the time went on, I had questions on financial issues such as loan contingencies, closing costs etc. since I was new in this game and would need a loan to finance this property. At the end, she probably must have been tired of my questioning and she suggested that I should look for a newer and cheaper property in a different area and "fired" me in her reply email. Thus, I went to another agent for representation. When the agents talked, the old one told the new one very unpleasant about me, which I would not repeat here. She also said that she would not release me from my contract for this property. Now, as a novice I am stuck with an agent that would not represent me fairly in short sale proceedings if I go back to her, and I cannot work with another agent to buy this house, because I have signed a document with company header.
My questions are as follows:
(1) What should you do if this is a property that you want to buy? What method do you follow to bypass a contract like this?
(2) If this property goes from short sale to foreclosure, would this contract still be valid?
Unfortunately, there are really no true real estate laws to protect the buyer in a scenerio like this.
However, some of you might have had a lot more exposure in real estate than I do and may suggest a potential way out of this. Please voice your opinion; because the same may happen to another novice :-)
Many thanks.
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