Profile picture for Robert Whitelaw

Robert Whitelaw

Agent

3 Recent Sales (last 12 months)

Broker/Realtor/Owner (27 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Consulting

Advice

  • (73 Contributions,
  • 2 Best Answers,
  • 12 Helpful)

Contributions are sorted newest to oldest.

How do I determine what I can rent my place for?

Answer

First, find your neighborhood on sites like Zillow and Trulia and search for rental properties with the same number of bedrooms and baths. This will give you a good idea of what the competition is charging. Be ready to charge a little less so that you can get rented before those other guys.If your property offers quite a bit more than the other homes offered for rent, you can likely be a bit more aggressive in your rent.So in your case, within zillow, search for "homes for rent in santa teresa". Using a zip code is good too. In my case, I did that and it showed 17 homes for rent. From what I am seeing, you are not going to be able to cover your mortgage and your HOA fees. It looks like homes of your size are renting for just under that at about $2,800. You might be able to eek out more, but remember, these are homes that are NOT rented but looking for tenants.Good luck,R

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Mortgage first time buyer

Answer

Hi Ina,As others have stated, in new construction, you are likely to get a better loan provided by the builder or whoever they have partnered with. However, for my clients buying new, I always suggest consulting with a few other lenders - just to make sure you are getting the best possible deal.I don't do loans myself, but I have been working with a fantastic loan person for several years. Here is a link to her page for you: [Removed by Zillow moderator. See our Good Neighbor Policy for posting guidelines.]Good Luck,Robert

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How can I get estimate for the rental for my house

Answer

Hi Babar,There are a few ways to accomplish this:1) Check the website of a local property management firm that has rentals in your area and see what they rate is for a similar home. 2) Google "homes for rent in [your town]" Subsituting the name of your city or town where noted. Zillow and Trulia both have pretty robust rental sections that will be useful.3) Check the websites of your local paper for home rental listings.With both properties I have rented and with investor clients, I have found that you can usually get a good idea of what you should be charging by going through the items listed above.If I can be of any help, please let me know.Good Luck,Robert

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Evaluating Refinancing my townhouse

Answer

You could go the free route and have a local real estate person run your property and come up with a comparable market analysis. At least you could get an idea of what similar properties have sold for in the last 60-90 days.If you want to send me the details of the property I can at least send you what has sold recently. That is basically the same data an appraiser is going to use to estimate the value of the property. It should get you in a decent ballpark.Good Luck,Robert

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Does appraisal mentions litigation?

Answer

The more likely source is going to be the HOA disclosures that any lender is going to require. The appraiser will simply come out and view the property and write up a report on its market value. Hope this helps,Robert

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What is the #1 most important action to take when preparing your home to sell?

Answer

I agree it depends on the property. However, the key is in understanding that getting a property sold is a relay race.- You need to make sure the online presentation is complete on DAY ONE. As soon as a realtor clicks "Send" that listing drops into the inbox of buyers whose searches reveal that home. If there are no pictures or the listing is not entered with complete information, you have screwed up.- The online marketing needs to make buyers want to see the property- Externally the home needs to look enticing enough to get someone to want to see the inside- The inside needs to seduce those buyers into making an offer.Thats your relay - online, drive-by, offer.  So I would argue there are lots of #1 things to consider if your actual goal is to get a home sold. Fail on any one of those, and that 1 action means nothing. R

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What can I do to get more (or better) quotes for my loan request ZR-QVXMMKL?

Answer

As stated, if you are looking for a loan modification, then you need to keep talking to your current lender. However, if you want to explore your other options like refinancing, talk to several lenders.I have a great person I work with (let me know if you want her contact info). In general, I suggest to my clients that they consult with the following to find the best deal possible:- Large bank. Most likely the bank you currently do business with.- Small local bank. They tend to be more rational in terms of looking at your actual situation instead of just doing what the computer tells them to do as many big bans tend to do.- Loan Broker/Direct Lender - These folks are good for being able to present you with various loan/refi products.- Credit Union. You may have access to one through your job. There are also ones you can simply join by opening an account. Give them a try and see what they can offer.Be honest and upfront with all of them and let them know you are shopping and comparing your options.With all of that info in front of you, you can make a better decision.Hope that helps,Robert

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How to find a Realtor who focuses on Investment Property

Answer

The Dalberth Group gave good advice. The truth is that you are going to have a hard time finding agents that "Specialize" in much at all. To most, specializing implies a greater depth of knowledge on a specific or limited subject/area based on experience and possibly training. To a real estate agent, "specialize" can mean taking any client with any need from Monterey to Marin.Investment properties have been a good part of my business over the last 25 years. I have owned investment properties over the years and own one currently. Perhaps you might want to start with agents that are investors themselves. Which of course if profoundly self serving since I just pointed out that I fit into that category.Talk to agents and see who strikes you as someone who is going to be a good source. However, the investor/realtor relationship is a bit different than others. The trust needs to be mutually earned.Let me know if I can help.Thanks,Robert

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Is the market leveling off in Santa Clara County?

Best Answer

Hi Arpad,Depends on where you are. Santa Clara County is still all about the micro markets. I am still seeing multiple offers here in Morgan Hill and San Martin - just fewer of them. So instead of a dozen offers, there are 3 or 4.I would call it more of a leveling trend than anything else. Prices took a jump and appear to be sticking there.R

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