Shokoofeh Nowbakht

What is TDS?
September 17, 2008 · · 1 Comment

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“What is TDS?” my client asked. It is a 3 page Transfer Disclosure Statement which the seller is required by law to fill out. The main purpose is for the sellers to disclose to the buyers anything they know about the condition of the house. Read more

PruCalVoices

Are you ready to buy an REO or Short Sale?
August 26, 2008 · · 1 Comment

The answer to that question is another question you have to ask yourself…How patient am I?  In this difficult market many buyers look for or find themselves involved in a short sale or an REO with the idea that it’s a good deal.  It can be but what you are not paying in price you will make up in time, energy, effort and potential frustration. Read more

Shokoofeh Nowbakht

How much do I offer?
July 16, 2008 · · Comment here

Ok, you find a house and now like to make an offer, but how much? Don’t think just because it’s a short sale or REO that you can offer 20% or so lower than the asking price. Do your homework, study your market, and find out what the market value of the property is. Discuss it with your realtor. Generally, if the property has been on the market for months and specially if it hasn’t had a price reduction, you would have a stronger position to negotiate. Don’t be surprised to see multiple offers and overbidding on short sales and REOs in today’s market. Sometimes, the listing agents list the property at lower than the true market value to create activities and multiple offer situations. So, talk to your realtor and make a reasonable and realistic offer.

GOOD LUCK!

Shokoofeh Nowbakht

20 homes under $500,000 in San Bruno
July 16, 2008 · · Comment here

First time home buyers and investors, what are you waiting for? I just checked the multiple listings and found 20 homes in San Bruno for sale, listed under $500,000. WOW!!! These include regular sales, shortsales and bank owned.

This is the time to buy real estate!

Shokoofeh Nowbakht, Realtor