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Property Q&A in El Cerrito : Real Estate Advice

  • All40
  • Local Info4
  • Home Buying9
  • Home Selling2
  • Market Conditions2

Activity 23
Thu Aug 18, 2016
Phyllis A Collender asked:
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This question was asked from this property: http://www.trulia.com/foreclosure/3238021525-2675-Tamalpais-Ave-El-Cerrito-CA-94530
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Tue Mar 24, 2015
Catherine Krueger answered:
Some of these forms can be found online if you pay a 3rd party company especially all those forms regarding a natural hazard report. As for some other ones you will need to contact a title company and see if they will give you the form and the last one is an exclusive form by CAR (California Assocation of Realtors) which can only be used by Realtors and not the general public. A real estate lawyer could fill out these with a fee as well. Best is to hire a Realtor and protect yourself from any liability.

Good luck,

Catherine Krueger
Marvin Gardens Real Estate
www.CatherineKrueger.com
510-813-0970
... more
0 votes 1 answer Share Flag
Mon Jun 2, 2014
Anthony Bradford asked:
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This question was asked from this property: http://www.trulia.com/homes/California/El_Cerrito/sold/380187-1415-Richmond-St-El-Cerrito-CA-94530
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Mon Jun 2, 2014
garbofilms asked:
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This question was asked from this property: http://www.trulia.com/homes/California/El_Cerrito/sold/3090268-1453-Arlington-Blvd-El-Cerrito-CA-94530
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Fri Dec 13, 2013
B asked:
Is it a safe neighborhood? Why is the unit available? Are there dogs on the property if so what type? Is the east or west of San Pablo Avenue? How old is the building? How often is the rent…
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Mon Jul 22, 2013
Gina Landers answered:
If this is your property you can claim it on Trulia (or Zillow) and make changes yourself. Let me know if you need any help.

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Sincerely,

Gina Landers, Broker, CDPE
DRE # 178500375 License # 01388614
Ph: 415.857.3241
Ce: 925.354.7878
Fx: 925.369.0310
ginalanders@gmail.com
... more
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Mon Sep 3, 2012
The Medford Team answered:
Guess what … if the listing has the logo for RealtyTrac ...

Then what you are seeing is NOT an actual listing … it is an advertisement for RealtyTrac.

RealtyTrac is a provider of data for distressed homes. This data is used by investors and Realtors to track distressed homes. When you see the RealtyTrac logo, you are not looking at a home that is actually available for you to buy: what you are seeing at is either (1) the notice of default for one of the mortgages on the property in question, (2) a notice of an impending trustee sale or (3) a notice of a completed trustee sale.

RealtyTrac notices can be very deceptive because they usually give loan amounts, not the purchase price or fair market value. When and if this particular property hits the market, it will be at market price for the neighborhood.

Bottom line: RealtyTrac is trying to get you to sign up for their service.

The following links may be helpful:

When Is The Price Not The Price?
http://bit.ly/p11iq

It’s Too Good To Be True: REALLY – Top 4 Buyer Myths
http://bit.ly/4PKTHT

If you want to know when these or similar properties will actually hit the market, have a Realtor set you up with an auto-feed that will alert you the moment they become active on the MLS.
... more
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Fri Aug 10, 2012
Marston Myers answered:
Please take the time to talk to an Realtor that will get you ready to buy a home. You need to be pre-APPROVED (not only pre-qualified which my dog could do in two minutes) but ready to write on the spot and be prepared for multiple offers for cash in front of you. Last offer I wrote at 10% over asking, pre-approved, as-is was not even countered and had 18 offers.

Your odds of getting one of these homes is less than 10%.

Get educated and get ready, cause it's gonna be a rough ride....
... more
0 votes 2 answers Share Flag
Tue Dec 13, 2011
Marston Myers answered:
There is no requirement that a landlord replace carpet, paint or do any "cosmetic" updates. As long as the property is legally "habitable", those items are subject to what a renter is willing to accept vs. what the landlord is charging for rent. Those costs obviously must be amortized against the rent being collected. If you are looking to rent, consider offering the asking rent amount but require that the landlord commit to paint, carpet etc (IN WRITING). In other words, negotiate. Best of luck. ... more
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Wed Jul 27, 2011
Cgrowney9 asked:
I called the assessor to find out it was owned by the bank.

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This question is about this property: http://www.trulia.com/homes/California/El_Cerrito/sold/520223-817-Richmond-St-El-Cerrito-CA-94530
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Wed May 26, 2010
Kamal Randhawa answered:
Hi Sam,

If you need a rough estimate, we can do that by looking at land value comps in your area. However, to get the correct value, you may want to hire a professional appraiser. Feel free to call or email me if you would like any additional information.

Kamal Randhawa
Broker
510-932-1066
... more
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Tue May 4, 2010
Jack Kessler asked:
Wed Mar 17, 2010
Anna asked:
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This question is about this property: http://www.trulia.com/foreclosure/3003240436--Balra-Dr-El-Cerrito-CA-94530
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Wed Aug 19, 2009
Kamal Randhawa answered:
This one is pending Mark but if you like, I can keep an eye on it for you if you like. A lot of properties are falling out of transactions these days so it might happen again. Also, if you like, I can send you similar listings to this one soon as they appear on the market. Good luck!!

Kamal Randhawa
Broker
510-932-1066
... more
0 votes 2 answers Share Flag
Wed May 6, 2009
Catherine Krueger answered:
I agree with Pacita wholeheartedly. Realtytrac tells you about a notice of default being filed but that does not mean that the house will ever be on the market. With that amount of money owed the bank would take it over and put it on the market themselves as opposed to letting it go to foreclosure. Houses in the St Jerome/1000Oaks area are selling for a lot more than that. You can expect to pay around $500,000-525,000 for a house like that depending on the condition. I live in the neighborhood and my house bigger than this one (1200sqft) just appraised for $630,000 so that gives you an idea about prices. We have one home on San Carlos coming up on the market within the next 2 weeks. ... more
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Thu Mar 26, 2009
Pacita Dimacali answered:
Is your agent local to our area? If so, your agent should have the means at his disposal to get the details about this property. If he's really resourceful, he should be able to get all the information you need to make an informed decision.

What I can tell you is that this property sold for $650K in Sept 2003, is tax assessed at $663K, but currently valued at $572K. The bank foreclosed on Dec 12, 2008 for $385,200 which may be the amount in default at that time.

It's not yet listed for sale....but it's just a matter of time.

Good luck!

Pacita
... more
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Thu Mar 19, 2009
Pacita Dimacali answered:
P ---

As of this writing, there are three detached single family homes for sale under $400K in El Cerrito, and all of them are short sales.

When I raised the search parameters up to $450k, there were 8.

5308 Mono is bank-owned, 3 BR/2 BA for $439,900 (bank foreclosed at $395k)
1503 Liberty is a regular sale, for $450k

The other 6 are all short sales.

Unless you have the patience of Job, please lower your expectations regarding how quickly you can get an answer on an offer you make for a short sale. It becomes doubly difficult (and sometimes impossible) to get short sale approval for properties with more than one loan. Sometimes, we can get approval if the lenders are the same....

If you have very specific requirements regarding type of home, budget range, location, conditions, etc. get a good realtor to work for you and do the research. He/she can advise you on the the story behind the picture so that you can make an informed decision on which properties to review.

Good luck!
... more
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Thu Mar 12, 2009
Pacita Dimacali answered:
Silva

Just to give you an idea of how much influence the right price have on the market-ability of a property....

This house was first listed in October for $549k. It was reduced to $499K in November, and reduced again in February 25 to its current list price of $450K ($99k less!). It finally got an accepted offer on Feb. 28, 3 days after the las price reduction, and 136 days after it first went on the market.

It's very nicely staged...but even the best staging can't help an overpriced home.

Today, it's not only about location, location, location. Now, it's more about price, price, price!
... more
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Fri Feb 20, 2009
Pacita Dimacali answered:
Silva

This was on the market for 74 days before it had an accepted offer as of Feb. 2, with a target close of escrow date of March 2. However, at this time, the status show that they will still show the property and will entertain back-up offer(s).

According to the listing agent, the public records show it as having 3 bedrooms, but it only has 2. This is neither a short sale or a foreclosure.
... more
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Mon Jan 26, 2009
Bernard Gibbons answered:
No there are only 2 bedrooms. Public records say 3 but that is not correct. Are you looking for a 3 bedroom home in El Cerrito?

Bernard Gibbons

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Bernard Gibbons, Realtor, e-PRO Certified Internet Specialist
J. Rockcliff Realtors, 15 Railroad Avenue, Danville, CA 94526
Phone (925) 997-1585
bernard@bernardgibbons.com
www.bernardgibbons.com

Please send me your referrals - I will treat them like family.
25% paid up to $1m - 30% over $1m
... more
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