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Property Q&A in 94545 : Real Estate Advice

  • All19
  • Local Info0
  • Home Buying8
  • Home Selling1
  • Market Conditions0

Activity 9
Maricris A, Other/Just Looking in Seattle, WA
Wed Aug 17, 2016
Maricris A answered:
Hello,

Since your property is inactive on Trulia, we are not able to add new photos. Please note that if you intend to put your home on the market, you or your agent will have the ability to create a new listing and post new photos. This new listing will then override the property page with the outdated photo.

Regards,

Maricris
Consumer Care Advocate
... more
0 votes 1 answer Share Flag
Faith Renee…, Home Buyer in Beggs, OK
Fri Apr 24, 2015
Faith Renee Nunamaker asked:
d5602002, Renter in Fremont, CA
Fri Jun 13, 2014
d5602002 asked:
is this possible? sold for 250k?

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This question was asked from this property: http://www.trulia.com/homes/California/Hayward/sold/28982719-25850-Kay-Ave-229-Hayward-CA-94545?ecampaig…
0 votes 0 Answers Share Flag
The Medford…, Real Estate Pro in Fremont, CA
Mon Mar 25, 2013
The Medford Team answered:
You got the zip code wrong - you'll be getting responses from realtors in Hayward, CA.

Not sure we can help! :)
0 votes 1 answer Share Flag
Serena Russe…, Real Estate Pro in FREMONT, CA
Sat Jun 5, 2010
Serena Russell answered:
Hi Pooja,
I am an expert in the Fremont and Hayward areas. I wondered if you had found a home and taken advantage of one of the tax credits.

Anyway, you seem to have completed quite a bit of research having looked in the Eden Shores and Cabrillo neighborhoods. It's appear to me that you do not mind where the home is located as much as finding the right floor plan or features you want. Am I correct with this assumption? If not, I would love to meet you or chat over the phone to get an idea of your progress to this point.

Take care and best of luck.
Serena Russell
you can find me if you google my name, or on my website www.serenarussell.com
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0 votes 7 answers Share Flag
Viang, Other/Just Looking in Hayward, CA
Sun Jan 10, 2010
Viang answered:
Hi, we bid on this house early 2009 and waited for about 6 months before hearing back from the bank. They wanted more money. Like what other said, this low price is just to attract more buyers to submit offers. I'm guessing this will go up to mid-high 500's esp now that the market in Eden Shores is picking up. Good luck! ... more
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Mike Hart, Real Estate Pro in Albuquerque, NM
Thu Oct 29, 2009
Mike Hart answered:
The age of the home is not the problem, but to answer your question, here is a list of some of the "potential traps":

Condition: Have a good home inspection performed to check the condition of all systems including the roof, heating, air condtitioning, plumbing, gas plumbing, water heater, electrical, structure, etc.

Asbestos: Used a lot in older homes as it was a sort of miracle material, lightweight, insulating, easily manipulated. It is in flooring, wall plaster (king's coat), pipe insulation, heating and water heater vent pipes, and most home inspectors will point it out for you.

Galvanized steel water pipes; Corrode from the inside, and if they haven't been upgraded to copper or pex pipes, will cause restricted flow and leaks.

Old cast iron drain pipes: when buried, will corrode from the outside, and video scoping the inside of the sewer lateral line will not detect this. If the sewer lateral line has not been replaced with PVC or ABS pipes, the replacement of such will be expensive. If you have clay pipes buried, they need to be upgraded due to the age of the pipes also.

Electric wiring: Knob & Tube wiring used in the 1930's and 40's is considered dangerous and should be upgraded if present. Most insurance companies will not insure this type of wiring.
Aluminum wiring used in the 1960's and 70's is know to cause fires when connections fail or are improperly connected. UL listed connectors can be installed at every connection to minimize the risk, but connections are often overlooked by electricians, and it is expensive to do this retrofit correctly. It may be better to re-wire the house with copper wiring.

Electric outlets: May have old style "2-prong" outlets, or worse, 2-prongs may have been replaced with 3-prong outlets but without connecting ground wire. The 3rd prong is for grounding which is needed for safe operation of any appliance which has a 3-prong plug, and the grounded outlet is needed for surge protectors to properly protect electronics and computers. If the ground wires are present at the outlets, upgrading the outlets is not too expensive, but if the ground wire needs to be run to every outlet, it gets very expensive.

These are problems associated with older houses only. New houses have their problems also, such as Chinese drywall, and polybutylene water pipes. This is a partial list, but represents some of the more expensive concerns, health concerns and safety concerns.

A thorough home inspector will point these problems out to you, and let you know if the house has been upgraded in each of these areas. Be careful that you choose a home inspector working on your behalf who will report these problems honestly. If the inspector relys on agents' referals, or gets paid at closing, they have an interest in the deal going through without hitches, and might overlook some concerns.

Check out these websites for more information about choosing a home inspector:
www.BuyersProtectionService.com/ChoosingInspector
www.IndpendentInspectors.org
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0 votes 5 answers Share Flag
Meena Gujral, Real Estate Pro in Pleasanton, CA
Wed Oct 28, 2009
Meena Gujral answered:
Hi Pooja,

It seems like you are now considering Hayward. I responded to some of your questions on Fremont single family home vs townhouse. As Carl mentioned, you really should start working with a Realtor who can guide you through the whole process of buying a home. You have some good questions and I am sure any good agent will be able to help you. All foreclosure properties are listed with a Realtor and your agent will have access to them.

I will be in Eden Shores and Bridgeport areas today with a client. If I see anything good, I can let you know.

Meena Gujral
Help-U-Sell Achievers Realty
510-279-9580
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April Tavares, Real Estate Pro in Campbell, CA
Mon Oct 26, 2009
April Tavares answered:
Hi Pooja,

As it has been pointed out your personal preference plays into this decision. If all things being equal, city, schools, similar location, I agree with Tim a single family home is a better buy because the demand is typically greater resulting in better resale value.

I just did an analysis for a client who was looking in a particular neighborhood and school district. I produced a report for my buyers showing the sales of townhomes and condos during the period 2005-YTD and did the same for single family homes. When we looked at the average sale price during the years when we saw appreciation, the appreciation percentage was greater for single family homes than for townhomes and condos. We also saw that as the home prices began to decline, the percentage loss was not as great when comparing the average sales price of a single familly home to a townhome/condo.

Have your realtor show you real data. It may help you in your decision. Although in the end, your decision should be based upon your lifestyle, finances and potential investment. If you are not one for home maintenance, a single family home may not be a good option for you or provide you with strong resale value if you don't maintain it.

Sincerely,
April Tavares, GRI, ASP
Realtor, DRE License #01742179
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