Real Estate Tips and Information by Karen List

Buying and Selling Homes in Santa Clara and Alameda County

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Entries Tagged as 'FHA approved'

Don’t Buy a Car When You Are Buying a House!

April 4th, 2014 · 1 Comment · bay area, buying a home, condo/townhome, FHA approved, FHA loan, first time buyer, home for sale, home seller, homebuyer, Market News, Market Update, real estate, san jose home, selling a home

For this home I sold in San Jose for $470,000, I was the seller’s agent to a client I sold this home to less than 2 years ago who is ready to make a move. There was an interesting twist to this transaction. I had a buyer that I was working with for some time […]

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Awwww…The Perfect Client!

October 17th, 2011 · No Comments · bay area, buying a home, FHA approved, FHA loan, first time buyer, home for sale, real estate, san jose home

This home that I sold in San Jose for $489,000 was a regular sale (not a short sale or foreclosure sale), I was the buyer’s agent and this buyer is the perfect buyer that every agent dreams about having as a client. He is a first time buyer and went through FHA for financing. He knew exactly […]

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Only Part of the Community is FHA Approved???

September 21st, 2011 · No Comments · bay area, buying a home, condo homeowner, condo/townhome, FHA approved, first time buyer, home for sale, home seller, real estate, san jose home

For this townhome in San Jose, I represented the sellers and this was a regular sale (as opposed to a short sale). The sellers were original owners who bought this home brand new when the community was first established 19 years ago, pretty impressive! The home is mostly in original condition, but has been maintained extremely […]

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Wow! What a Crazy Short Sale Transaction in San Jose!

June 23rd, 2011 · No Comments · bay area, buying a home, FHA approved, FHA loan, first time buyer, san jose home, short sale

This transaction had all the ingredients of a complete disaster, but we closed it! God bless this buyer, seriously! I have no words for how bad I felt for what this buyer went through to get this home. This was a short sale transaction and we wrote the offer in January. The listing agent did […]

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Another Successful Short Sale Transaction with a FHA Buyer

October 27th, 2010 · No Comments · bay area, buying a home, condo/townhome, FHA approved, FHA loan, first time buyer, homebuyer, real estate, santa clara, santa clara home, short sale

I sold this home to a really sweet first time FHA buyer who was  very patient through the waiting process. This sale was a short sale that took about 2 months for short sale approval and then another month to close the transaction, so not too bad. For the most part the short sale process and […]

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Probably One of the Last FHA Spot Approvals Through Before the Deadline

February 27th, 2010 · No Comments · buying a home, condo homeowner, condo/townhome, FHA approved, FHA loan, first time buyer, homebuyer

I just sold a condo in San Jose to a very sweet young couple. They wanted this particular community because it was close to Lake Almaden and they really like the location. They are FHA buyers and this community is not FHA approved. The deadline for spot approvals was Feb 1 and we barely made the deadline […]

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Say Goodbye to Spot Approvals for FHA loans in Condo/Townhome Communities

February 9th, 2010 · No Comments · condo homeowner, condo/townhome, FHA approved, FHA loan, first time buyer, real estate

Why FHA decided to end spot approvals is a complete unknown to me and is definitely not good news for FHA buyers  and condo/townhome communities that are not FHA approved. As of February 1, 2010, FHA no longer allows spot approvals in said communities. A spot approval is one in which FHA looks at an individual unit,  the HOA documents, and […]

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