This is not legal advice (I'm not a lawyer) but when you buy the property, you take over the leases. The owner (current or future) can terminate the month-to-month lease with notice per relevant California law. Until you are the owner, you can't do anything except request that the seller give notice. You could include that request as a condition in the offer to purchase. Your Realtor or attorney can help with wording.... more
Your Realtor will be able to provide you with comparable sold units. If that is not possible, please feel free to contact me. I will need to know the size of your unit, and the general area in which you bought, i.e. the cross streets.
Feel free to send me an email.
Eric H Wong
Prudential California Realty
I have an interesting graph about this, but it was too large to pop into this window. Overall the market has risen from a high of a 10% increase in 2005 to 3% in 2007. I can look into a current "health of the market" through 2008 a bit later today and respond here.
I use Dan Schumski for the report and George at Alameda Structural or Dan Marzilli at Gentech construction to do the work. I have used these folks over and over and have confidence in their work.
As I am sure you are aware the prices in 94618 can vary widely depending on the exact location of the home. The data below is for all of the 4 bedroom homes that have sold in the 94618 area codes since 2002. I can send you a graphical representation of the data of sold homes if you would like to email me. (I am not able to insert the data into this format).
From the data on the MLS here is the information
40 homes sold with a price range from $499,000 to $1,500,000
48 homes sold with a price range from $600,000 to $1,762,670
51 homes sold with a price range from $693,000 to 2,046,700
34 homes sold with a price range from $800,000 to $4,300,000
41 homes sold with a price range from $525,000 to $3,735,000
53 homes sold with a price range from $620,000 to $2,285,750
16 homes have sold so far this year with a price range of $665,000 to $1,460,000
Hope that helps!
Alain Pinel Realtors
Most of the homes that have sold in Hiller Highlands within the last 6 months are condos and townhouses. They range in their sold price from $1,120,000-$625,000. The higher priced townhouses have unobscured SF bay views and are quite spacious. The lower priced condos are much smaller and only have partial views. For single detached homes, a 4 bedroom, 3 bath home with over 3700 square feet sold back in January for $1,318,000.
I work at the brokerage firm, Alain Pinel Realtors (APR) and they have a beautiful house on Charing Cross listed. It's a brand new construction and has 5 bedrooms and 3 baths, listed at $1,498,000. Also, there is another APR listing of a detached house on Clipper Hill with an asking price of $1,159,000 is in contract. I'd be happy to email you the sold price after it closes escrow.