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Kensington : Real Estate Advice

  • All7
  • Local Info1
  • Home Buying3
  • Home Selling1
  • Market Conditions0

Activity 5
Tue Sep 13, 2011
Tomi Thomas answered:
Prices have been softening in all communities in the East Bay over the course of the year, as the foreclosure market pulls down the curve. The areas most affected are the ones that have been hit the hardest by foreclosures, the ones with the less academically ranked school districts or where homes are in less upgraded condition. Every community has micromarkets, and there are pockets of Kensington that dragging the curve down. Kensington is still a wonderful place to live. I suggest you arrange a meeting with an agent who specialized in Kensington, who can show where the value propositions are relative to your specific search. With values down, and interest rates low, it could be a great time to make a good deal on a home you'll love. ... more
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Tue Sep 13, 2011
Tomi Thomas answered:
You need to:
1: be prepared to thoroughly research the property condition, as there will be very few disclosures
2. ask even more questions than normal of the neighbors, government representatives, and inspectors, to make sure you uncover any issues associated with the property, fences, disputes, noise, crime, local area, etc.
3. have a clear strategy going in to the offer
4. be prepared to be patient if renegotiations are needed...sometimes heirs disagree, and these disagreements can trigger legal scenarios that take more time.

Since you don't appear to live in the area you are purchasing, you want to double down on your due diligence, and make sure you hire an agent who is very thorough, knowledgable, and who will explain strategy options before you write your offer. Good luck!
... more
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Wed Aug 12, 2009
Arthur G. White answered:
The estimated Ad Valorem tax rate .01155. To estimate the tax on a particular parcel multiply the sales price by that amount. Then add to that the flat parcel taxes for the area. In this case it would and additional $1198.52 to the annual tax bill. For example, a good estimated annual tax on a house selling for $500,000 in Kensington would be:
Ad valorem $5,775.00
Parcel tax $1,198.52
Total $6,973.52
... more
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Mon Jun 15, 2009
Catherine Krueger answered:
This home sold on May 22, 2009 for $477,000. The house was not bad per se but it needed a lot of work and updating.
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