| Welcome to my web site. |
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Whether you are just browsing, or have specific real estate needs, I hope you find the tools and content here helpful.
Please take your time to look around, and I sincerely hope to hear from you, or answer any questions you have regarding real estate in the Bay Area.
Sincerely,
Faye Weng |
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Latest trends in kitchen cabinets
Fri, 16 May 08 00:00:00 -0700 |
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Denied short sale, struggling homeowners look for way out
Fri, 16 May 08 00:00:00 -0700 |
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Be careful what you say about landlord online
Thu, 15 May 08 00:00:00 -0700 |
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Neighbor sabotage kills home sale
Thu, 15 May 08 00:00:00 -0700 |
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Moving to a new city? Web's got you covered
Thu, 15 May 08 00:00:00 -0700 |
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Buying house before marriage can be risky
Thu, 15 May 08 00:00:00 -0700 |
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Home buyer sues when appraiser misses leaky roof
Wed, 14 May 08 00:00:00 -0700 |
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Seniors, leave apartment painting for the pros
Wed, 14 May 08 00:00:00 -0700 |
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Homeowners react to falling real estate values
Wed, 14 May 08 00:00:00 -0700 |
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Best way to divvy up house after failed relationship
Tue, 13 May 08 00:00:00 -0700 |
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Unpermitted upgrades put seller in pickle
Tue, 13 May 08 00:00:00 -0700 |
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Homeowners avoid tax on $1 million capital gain
Mon, 12 May 08 00:00:00 -0700 |
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| I am a realtor who believes in continuous education, and I am committed to perfecting my services. Here are some of the on-going awards and designations I’ve earned: |
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| Browse Blogs |
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Seller FAQ |
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Disclosure |
Do I need an attorney
when I buy a house?
Do sellers have to disclose the terms
of other offers?
How do I get the real scoop on homes
I am looking at?
What are the standard contingencies?
What repairs should the seller make?
Whose obligation is it to disclose pertinent
information about a property?
Will a neighbor problem reduce the value
of my property? |
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Question: Do I need an attorney when I buy a house?
Answer: In
some states, you do need an attorney to complete
a real estate transaction, but in others you
do not.
Most home buyers are capable
of handling routine real estate purchase contracts
as long as they make certain they read the
fine print and understand all the terms of
the contract. In particular, you should be
clear on the terms of any contingency clauses
that will allow them to back out of the contract.
If you have any questions at all,
it may be advisable to consult an attorney
to avoid future legal hassles. In looking for
an attorney, ask friends for recommendations
or ask your real estate agent to recommend
several. Call to inquire about fees and to
check on their experience. In general, more
experienced attorneys will cost more, but real
estate fees as a rule are small relative to
the cost of the property you are buying. |
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Question: Do sellers have to disclose the terms of other offers?
Answer: Sellers
are not legally obligated to disclose the terms
of other offers to prospective buyers. |
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Question: How do I get the real scoop on homes I am looking at?
Answer: Home
inspections, seller disclosure requirements
and the agent's experience will help.Disclosure
laws vary by state, but in some states, the
law requires the seller to complete a real
estate transfer disclosure statement. Here
is a summary of the things you could expect
to see in a disclosure form:
- In the kitchen -- a range,
oven, microwave, dishwasher, garbage disposal,
trash compactor.
- Safety features such as burglar
and fire alarms, smoke detectors, sprinklers,
security gate, window screens and intercom.
- The presence of a TV antenna
or satellite dish, carport or garage, automatic
garage door opener, rain gutters, sump
pump.
- Amenities such as a pool or
spa, patio or deck, built-in barbeque and
fireplaces.
- Type of heating, condition
of electrical wiring, gas supply and presence
of any external power source, such as solar
panels.
- The type of water heater,
water supply, sewer system or septic tank
also should be disclosed.
Sellers also are
required to indicate any significant defects
or malfunctions existing in the home's
major systems. A checklist specifies interior
and exterior walls, ceilings, roof, insulation,
windows, fences, driveway, sidewalks, floors,
doors, foundation, as well as the electrical
and plumbing systems.
The form also asks sellers
to note the presence of environmental
hazards, walls or fences shared with
adjoining landowners, any encroachments
or easements, room additions or repairs
made without the necessary permits or
not in compliance with building codes,
zoning violations, citations against
the property and lawsuits against the
seller affecting the property.
Also look for,
or ask about, settling, sliding or soil
problems, flooding or drainage problems
and any major damage resulting from earthquakes,
floods or landslides.
People buying a condominium
must be told about covenants, codes and
restrictions or other deed restrictions.
It's important to note that
the simple idea of disclosing defects
has broadened significantly in recent
years. Many jurisdictions have their
own mandated disclosure forms as do many
brokers and agents. Also, the home inspection
and home warranty industries have grown
significantly to accommodate increased
demand from cautious buyers. Be sure
to ask questions about anything that
remains unclear or does not seem to be
properly addressed by the forms provided
to you. |
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Question: What are the standard contingencies?
Answer: Most
purchase offers include two standard contingencies:
a financing contingency, which makes the sale
dependent on the buyers' ability to obtain
a loan commitment from a lender, and an inspection
contingency, which allows buyers to have professionals
inspect the property to their satisfaction.
As
a buyer, you could forfeit your deposit under
certain circumstances, such as backing out
of the deal for a reason not stipulated in
the contract.
The purchase contract must
include the seller's responsibilities, such
things as passing clear title, maintaining
the property in its present condition until
closing and making any agreed-upon repairs
to the property. |
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Question: What repairs should the seller make?
Answer: If
you want to get top dollar for your property,
you probably need to make all minor repairs
and selected major repairs before going on
the market. Nearly all purchase contracts include
an inspection clause, a buyer contingency that
allows a buyer to back out if numerous defects
are found or negotiate their repair.
The trick
is not to overspend on pre-sale repairs, especially
if there are few houses on the market but many
buyers willing to buy at almost any price.
On the other hand, making such repairs may
be the only way to sell your house in a down
market. |
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Question: Whose obligation is it to disclose pertinent information about a property?
Answer: In
most states, it is the seller, but obligations
to disclose information about a property vary.
Under
the strictest laws, you and your agent, if
you have one, are required to disclose all
facts materially affecting the value or desirability
of the property which are known or accessible
only to you.
This might include: homeowners
association dues; whether or not work done
on the house meets local building codes and
permits requirements; the presence of any neighborhood
nuisances or noises which a prospective buyer
might not notice, such as a dog that barks
every night or poor TV reception; any death
within three years on the property; and any
restrictions on the use of the property, such
as zoning ordinances or association rules.
It is wise
to check your state's disclosure rules prior
to a home purchase. |
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Question: Will a neighbor problem reduce the value of my property?
Answer: While
it may not reduce the actual value, a cluttered
landscape next door can detract from the positive
aspects of your home. Review your local laws,
which should be on file at the public library,
county law library or City Hall.
A typical "junk vehicle" ordinance,
for example, requires any disabled car to either
be enclosed or placed behind a fence. And most
cities prohibit parking any vehicle on a city
street too long.
It also may be worthwhile to
check into local zoning ordinances. An operator
of a home-based business usually is required
to obtain a variance or permanent zoning change
in residential areas.
In
addition, if a neighbor's repair work produces
loud noises, he may be breaking local noise-control
ordinances, which are enforced by the police
department.
Before bringing in the authorities,
you may want to make a copy of the pertinent
ordinance and give it to your neighbor to give
them a chance to correct the problem. |
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HOME VALUATION |
| Monitor the value of your property, get an
idea of what your home is worth today. |
Contact
Faye Today |
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LETTERS FROM CLIENTS |
| Nothing makes me more proud and satisfied
to know that I've served my clients well. |
Read
All |
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FEATURED PROPERTIES |
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| City |
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San Mateo |
| Bed/Bath |
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2/2 |
| Sq ft |
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N/A |
| Asking Price |
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$549,000 |
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Virtual Tour |
Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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2/2 |
| Sq ft |
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1,434 |
| Asking Price |
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$698,500 |
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Virtual Tour |
Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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2/2 |
| Sq ft |
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1,024 |
| Asking Price |
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$486,000 |
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Virtual Tour |
Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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2/2 |
| Sq ft |
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1213 |
| Asking Price |
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$535,000 |
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Virtual Tour |
Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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3/2.5 |
| Sq ft |
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1312 |
| Asking Price |
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$775,000 |
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Virtual Tour |
Contact Faye |
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| City |
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Redwood City |
| Bed/Bath |
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5/3 |
| Sq ft |
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N/A |
| Asking Price |
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$1,399,950 |
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Virtual Tour |
Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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2/2.5 |
| Sq ft |
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1,254 |
| Asking Price |
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$750,000 |
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Virtual Tour |
Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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2/1 |
| Sq ft |
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1,130 |
| Asking Price |
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$935,000 |
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Virtual Tour |
Contact Faye |
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| City |
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Redwood City |
| Bed/Bath |
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4/3.5 |
| Sq ft |
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2,951 |
| Asking Price |
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$1,626,000 |
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Virtual Tour |
Contact Faye |
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| City |
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S. San Francisco |
| Bed/Bath |
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4/.3.5 |
| Sq ft |
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2,783 |
| Asking Price |
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$1,275,000 |
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Virtual Tour |
Contact Faye |
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