Profile picture for Arlene Dodge

Arlene Dodge

Agent

Realtor, M.A.

Specialties:
Buyer's Agent,
Listing Agent

Advice

  • (6 Contributions,
  • 0 Best Answers,
  • 0 Helpful)

Contributions are sorted newest to oldest.

For how much can I lease or rent my condo in Palo Alto

Answer

If you are working with a local realtor, ask them what the going rate is.  I work in Palo Alto, and if you would like me to give you an idea, you would need to give me a call.Also, you can do a search on zillow or craigslist and see if you can find a similar condo or apartment for rent to get an idea of what you might be able to ask for.

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I am so frustrated! I will be a first time home buyer. I am confused on how my VA loan benefits me i

Answer

Insist that your lender explain it all to you.  You can also ask a few different lenders in your area to help you, until you find someone who makes you comfortable and is clear and understandable about the benefits of a VA loan.If you are having difficulty finding a lender, ask your local realtor to help you.  Realtors help their clients by referring those clients to lenders they know and trust.

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Can multiple people buy a home together as an investment home?

Answer

Yes but it is important that all the buyers understand the advantages and disadvantages to the different ways of holding title. Best to talk face to face with a realtor about all of the circumstances surrounding your purchase...

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How can we increase the showings on our home? We haven't had much traffic.

Answer

You've got some great suggestions on previous posts by my fellow realtors! I'd add that you might ask your realtor if he/she could ask his colleagues/other agents in his office to walk through your house and give him feedback on pricing, staging and buyer appeal, if he hasn't done that already. At my office, after our Monday morning meeting, we go out and look at all of our office listings to give feedback and help to the listing agent. Then, you can ask your realtor to let you know what was suggested...

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Best citirs to buy investment rentals?

Answer

In my area, Palo Alto, Los Altos and Mountain View are great cities for investment properties.  My family has owned investment property for most of my life and I can recall most of my summers and weekends spent painting and cleaning those homes.  But before you buy, consider the following;When buying an investment property, location is key.  Ask yourself the following questions;1) What are the schools like?  Do people want to move to this area for schools?  Our school system has fantastic API and AYP scores and we even have people from other countries moving to this area just so their children can attend our schools.2) Are there any jobs?  In the Bay Area, we have many different employers, from technology companies to educational institutions.  Because of our diversity, this area has thrived, when others have struggled.3) Is it safe?  Palo Alto, Mountain View and Los Altos have thriving downtowns and people are out and about at all hours.4) Is the area family friendly?  In Los Altos, we have many different family/kid programs, such as Hidden Villa.  In Mountain View and Palo Alto, there are many different educational and family programs also, from after school child care to specialized summer programs.5) Do properties tend to historically appreciate or depreciate? Historically, in this area, property tends to hold it's value or go up.  While no one can predict the future, having a past track record of being profitable is another good indicator of strong investment properties.6) What are the rents?  Would a buyer be able to pay down the mortgage with a tenant's monthly rent payment?  Even if you are paying all cash, knowing you could cover the mortgage if you had to- that is a great indication of a profitable investment.7) Would you live there?  Nobody wants to live in a slum.  Don't be that kind of a landlord.  Be proud of your investment and make sure it is the kind of place you would be comfortable to call home yourself.  If you treat your investment well, you will find your investment will return the favor.With all those questions in mind, I can say that the Bay Area is a great place for investment property!

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