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Home Buying in 94601 : Real Estate Advice

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  • Local Info2
  • Home Buying6
  • Home Selling1
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Activity 5
Sun Apr 19, 2015
Rich answered:
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Wed Apr 23, 2014
Lisa Cartolano Ellen Diamond answered:
Hi,

I actually live in Maxwell Park, it is a great neighborhood. As with many areas right now there is not a lot of inventory in Maxwell Park or surrounding markets. At the $200-$260 range it might be a little challenging to find something. In recent months there have been some fixer properties, but they have sold closer to the $300-$350 range. Are you open to other areas around Maxwell Park? There are some areas of the Allendale and Fairfax area that boarder Maxwell Park and there are sometimes more fixer opportunities in those areas.

Not sure if you have crunched all your numbers and what type of fixer you are looking for as well. Are you open to a property that needs to be basically gutted, or more of a cosmetic fixer? Also are you using cash or obtaining financing? The type of property you are looking for and the type of financing will impact the properties that would be available as well.

Hope that helps and let me know if you have any questions,

Lisa Cartolano
Alain Pinel Realtors
www.ViewEastBayHomes.com
www.View OaklandHomes.com
CalDRE 01715440
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Tue Apr 8, 2014
Ali Qureshi answered:
Sun Jul 25, 2010
Andreas Furtner answered:
Kimberley,

Having worked in Oakand since 2001, I have to tell you that byuing and pricing a property in Oakland is ALL about area. Every block is different, and it comes down to neighborhood knowledge, and then you will know why some of the properties priced in this price range are selling with 15 offers, and some ONLY with one.
Kiimberley, I am writing for a client (FHA-approved) offers for those kind of properties, and yes we do get outbid by all-cash offers, but ONLY because the properties my client is interested do get multiple offers, becaues of:
1.) Size of house
2.) Size of yard
3.) legallity (no non-conforming units)
4.) condition

There is not such a thing that a house is under-priced, it is the market (buyers) who regulate the price!
If you wirte your offer strong, if you do have good financing (NOT necessarily FHA-financing) and if you are writing on a bank-owned propery, chances are pretty good that your offer will be accepted, unless you are choosing high in demand properties on better streets.
Kimberley, I can show you numerus listings, which sold for asking price, because of above reasons mentioned.
That being said it is crucial to have a very knowledgeable, savvy Real estate professional, who knows the areas of Oakalnd, and who can advise you on what properties to write without wasting your time.
That is maybe another reason why our profession still is needed, because you do need the advise of a Real Estate expert for certain areas and price ranges.
I do have implemented a succesfull strategy how to write and get offers accepted for clients in multiple offer situations.
Feel free to contact me anytime for more information about this topic and good luck in your property purchase.
(By the way, one of our office listings in Maxwell park, priced at $ 82,000 has NO offer recieved after one week)!

Andreas Furtner
Windermere Welcome Home
510-566-0636
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Thu Jul 22, 2010
Leona Greenlow-Turner answered:
The only $0 program available is the NACA that I am aware of. I'm a NACA (Neighborhood Assistance Corporation of America) Realtor and I would be glad to refer you to this organization. No downpayment, no closing costs, and the interest rate is approx. 4.25%. The maximum for a single family residence is $450,000. Please let me know how I may help you further. ... more
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