San Jose gives more equity to first-time homebuyers

 








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San Jose gives more equity to first-time homebuyers

Introduction 


Hundreds of San Jose homeowners are, what happened. There we go. Ah, little glitch. 


San Jose Homeowner Equity Program

Hundreds of San Jose homeowners are getting ready to increase their equity. There's a first time home buyer program that San Jose put out back in the nineties, and this, first time home buyer program helped with their down payment.

So literally they took a 20% equity purchase. Down for a down payment and it's considered a loan. And now it started off in the nineties and on April 8th, the San Jose City, decided to unanimously lower it from 70% to 85%. They gave them 15% equity in their buy share. Virtually half of the down payment assistance.

So more than 401st time home buyers who participated in the program will go from owing 70% to their homes equity to 85%. I think that's awesome. That's a good way to use money in our coffers. I think so. Look, Not all of us got to do it. Some of us had higher paying jobs. If you qualified for a down payment assistant program.

This is awesome for you and congratulations, jump on this right away. The caveat is you have to stay there for 30 years. And I think right now you can't even refinance, so you're kinda stuck with it. But they're also talking about their director of the city. The city housing department said they recommend increasing the equity share from the loss, but they're also saying that we could look into letting those homeowners refinance if they can qualify for a lower first loan.

I think that's awesome. So thank you San Jose for doing something good. There you go. And the link is in my blog. You can go check out my blog anytime you want. The link is in the copy down below the description. 




Cupertino Home of the Week 

Cupertino House of the Week

This is Cupertino House of the Week, not my listing. I wish it was $3.8 million Sport bedroom, three bath, 1700 square feet, built in 1963, and that's right where it is, right down the street from Deza College.

On Cheryl Ave. I used to have friends that lived over that way. They all scattered to the winds. This is a beautiful home, guys. This is completely updated, but. I think this one decreased in price and they did not put a floor plan in, so you can't really tell the floor plan, but I can tell you that. Let's take a look at that kitchen real quick.

Yeah. The kitchen is pretty blocked out. They were smart to, there was originally like a hallway right here, so they blocked that out and pushed the kitchen out. So smart. Smart for them and to do that. And this was. No I was gonna say it was lower. This is the list price. Decrease the one on Curtis app.




Willow Glen Home of the Week 

Willow Glen House of the Week

This is Willow Glen, house of the week. Curtis app, not my listing. Six bedroom three and one half baths. 4,100 square feet built in 1947 and over a quarter acre of lion. No, just about a quarter acre. And it's walking distance to Lincoln Ave. So let's take a quick look inside. Nice. Pool.

I don't even know what the front of the house looks like until you get to like eighth, seventh, or eighth picture, which, whatever. That's up to them. And then they brought box, brownie it. I don't know. I kinda like this over this. I like the fact that they angled it away so that the tree doesn't.

I like this one right here. This makes it look really small. But it's a large house. Single story, beautiful kitchen.

Love that table. I have a friend that makes that, and I love this right here. It's all window. I think they show you where it's all completely open. This one shows one part where it's completely open, but that is awesome. I love the fact that you can just completely open your downstairs to your friends and have a massive indoor outdoor party.

That is pretty cool. Nice that you put a floor plan. Thank you very much. Whoever listed this, it's very few and far between that you see people that take care about this, but you can see that the original house was this and they tilted it for some reason and they pushed it all the way back. 




Luxury Home of the Week 

Luxury Home of the Week in Pacific Heights

Kinda like the Winchester Mystery house luxury home of the week in Pacific.

A. Gotta get moving here. $27 million. Wish it was my listing. This is in San Francisco. Six bedroom, six and two half bath, almost 10,000 square feet built in. 1910 brownstone maybe, I'm not sure. But it's really close to the Presidio, so it's really nice. And let's take a look inside real quick. I have two minutes.

This is a mansion. Guys, this is beautiful. And look at that view worth every penny. Guys, let's go take a look. If you could cut a check for $32 million, let's go take a look at it. Let's skip that today. 12 Bay Area Sales Report 2100. Sales so far almost 2200 sales. Year to date, 17th week and we are at $5.3 billion in sales.

Crazy. The average sales price in Santa Clara County is 2.4 in San Mateo is almost at 2.6. One thing I wanna point out is Napa 200 homes sold. San Benito 151. One of those were mine, in contract. This week We had 167 homes under contract this last week in Santa Clara County. I talked to a buddy of mine that's an appraiser up in Sacramento and Santa Clara County.

Sales volume, numbers, and everything else outpace the entire Sacramento region, which is about four or five counties. It's crazy that Santa Clara is that busy. So there you go. 


Conclusion and Sign-off


That's it for now. I'm Vito with Abano. Thanks for watching. We'll see you out there. 



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