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Home Selling in Alameda : Real Estate Advice

  • All129
  • Local Info9
  • Home Buying55
  • Home Selling0
  • Market Conditions10

Activity 7
Mon Jul 4, 2016
June Buerkle answered:
If you are in a hot sellers market .... it won't matter much. As long as it has floors it will sell.

If you are seeking a high end buyer or buyers have lots of choices .... you will want to refinish the floors so they will pop and bring in a top dollar deal. ... more
0 votes 2 answers Share Flag
Thu Aug 27, 2015
Karen Peyton answered:
Understanding location is critical when making a buying decision, I agree a potential buyer will consider the house next door when making an offer on yours. Since you too have understanding of this fact, why haven't you inquired about this sooner, enlisting the help of city and county building, fire, and safety codes to have the property condemned and razed? A vacant lot would be better in my opinion than a house slipping off it's foundation.

You mention recoup. Recoup from whom? If the house next door is literally falling down, it's likely the owner doesn't have a pot or a window. That, or they simply don't care. If you are able to prove damages, with time and expense you can take them to court, and "may" (if you are lucky) receive a judgement. Now what? It could be blood from a turnip.

If it were me, and I were you, I'd employ self-help methods. You know what you've got. It can only get better.

Wishing you success!
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1 vote 1 answer Share Flag
Wed Oct 30, 2013
Dianna Wyman answered:
As long as the buyer still has an investigation contingency he can cancel for any or no reason.

Mark Wyman,
Bayside Real Estate
Lic.# 01018021
0 votes 14 answers Share Flag
Sat Feb 12, 2011
Sylvia Barry, MAS,CIPS,SRES answered:
HI Sarah:

Wells Fargo has built a reputation among short sale agents for being one of easier ones to work with - especially if there is only one lien or even if there are two liens, both are with Wells. They have a specialized department that handles short sales and they do not ask for a tons of information to get a short sale closed. I had one that was approved in a couple of weeks and we ended up have to wait for the 2nd lien holder, and I had to get Wells re-approved again, which was very fast.

Either way, engage the service of an experienced short sale agent is a really important first step!

Good Luck:

Sylvia Barry
Frank Howard Allen Realtors
(415) 717-0293
Marin Realtor
DRE# 01415544
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0 votes 15 answers Share Flag
Sat Feb 14, 2009
Robert Chomentowski answered:
There is definitely no shortage of bank financing right now for borrowers who can fully document their income and have the job history to qualify.

The FHA and conventional jumbo conforming loan limit in your area is $625,000. So to buy your property at $779,000 the buyer would have to put 20% down to purchase.

The above $500,000 market in CA is selling much more slowly because there is a much smaller pool of buyers that can put 20% down + have the fully documented income to qualify for the sizable loan payments on properties in the $700k+ range.

The below $400k market is very hot right now because buyers can put 3.5% down and get an FHA loan with very affordable payments.
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1 vote 9 answers Share Flag
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