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Market Conditions in 94587 : Real Estate Advice

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  • Local Info6
  • Home Buying32
  • Home Selling5
  • Market Conditions8

Activity 8
Sat Sep 12, 2009
Barry Ripp answered:
Hi,
Based on my experience, the rental rate for a home like that should be around $2200 - $2300.

~ Barry Ripp

Broker / Property Manager
1 vote 4 answers Share Flag
Wed Jul 8, 2009
Dawn Rivera answered:
Hi Stephanie, If you are planning on buying a home to rent out, then you wouod be better off buying i an area where the homes are less expensive so you would have a better chance of the rent being equal to or more then the mortgage, home owners Insurance and property taxes. If you are planning to live in the house and sell it laterther homes in the bay area increase in value faster they the homes in the valley.....Hope this was helpful.....Dawn ... more
1 vote 5 answers Share Flag
Tue Jun 16, 2009
Charo Bhatt answered:
Hi Keroy,

You have got great answers from Real Estate pros. for buying foreclosure house before it’s on the market.

By following Todd’s formula, which is a great way to acquire a property even before it’s listed with an agent for short sale. Yes, you have no competitions by following that method, but, you have to do through research, make lots of phone calls, meet several home owners in trouble, talking to them with sympathy and listing to their stories, seeing their condition and witness their emotions, especially when they are loosing their homes is not easy. What I meant by that is, not every one can perform such task. It requires expert dialogues and special approach.

If you are an investor and want to buy several properties before it’s foreclosed you may want to hire a team to co-operate and co-ordinate this task. If you want just bargains and not go through the hassle and time of researching, calling and meeting people around, you may want to buy REOs in bulk.

You can reach out to some asset managers through some connections and acquire properties prior to they are listed or assigned to agents. It depends how big of a portfolio you wish to hold and how soon you want it.
Bulk REOs are sold in millions.

Good luck to you on your endeavor.

BTW, for REO listed properties you may want to check my
website at www.HomesByCharo.com

Charo Bhatt
510-381-2105
CharoBhatt@gmail.com
www.HomesByCharo.com
... more
0 votes 3 answers Share Flag
Mon Jun 15, 2009
Dawn Rivera answered:
Hi Jackie, I will call and find out for you but the school is closed now so I will not get an answer until tomorrow...Dawn
2 votes 1 answer Share Flag
Tue Feb 17, 2009
Brian Ripp answered:
I believe Seabreeze in a few years newer and built by Standard Pacific.

Ponderosa Landing built in (approx.) 1994 with price ranging from $307K - $386K
Seabreeze "Villas" (phase 1) built approx. 1998 w/pricing from $340 - $403K
Seabreeze "Classics" built approx. 1998 $456K - $511K
pricing later changing in 1999 to $441 - $481K - with new floor plans

Hope this helps,

Brian Ripp, CRS, GRI
Broker, Notary
www.BrianRipp.com

Real Estate Market Weekly Update Webcast: http://realtytimes.com/REUv/BrianRipp
510-710-4905 cell
510-794-9006 wk
Realtor since 1985
... more
2 votes 1 answer Share Flag
Mon Feb 9, 2009
Dawn Rivera answered:
Hi Nanie, your first move should be to contact your lender to see what they can do for you. If they can not or will not help you can check out mortgage loan modification companies. Some are very good and really want to help but some are only in it for the money. They all want a up front fee, but, some will return it if they can not help you. I would look for one of those. We are in the same boat and owe approx. 90,000 more than our home would appriase for. I called my lender (chase) in Dec. last year and asked about any programs they may have available. We pay on time and the lender said to call back in Feb. he may be able to work with us. I am going to call him tomorrow, if you want I will let you know what they say.....Dawn ... more
2 votes 3 answers Share Flag
Mon Jan 28, 2008
LoveBayArea answered:
Thre is going to be a transportation hub near union city BART near KB homes and condo. If you check Union City web site, builder is planning to build intermodel place mixed of shops/restaurants and condows - a smaller version of santana row. Al these will help value of single family homes in vicity to go up - particularly in newer neighborhood on 238.. ... more
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Tue Oct 30, 2007
Jessica Gamez answered:
Rates vary depending on whether you are renting a house or townhome etc. The best way to check out rates would be to get a couple of classified newspapers and spend some time looking at the amount they are asking. You can get a feel for what is out there and start to see a pattern. If you see a home etc. going for way more than another similar property, you may want to call and see if there are added amenities. If there are not added amenities then you basically know that that property is not set at a good rental rate. ... more
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