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Moraga : Real Estate Advice

  • All23
  • Local Info5
  • Home Buying4
  • Home Selling1
  • Market Conditions2

Activity 17
Wed Jan 14, 2015
answered:
Someone is committing fraud, call the police and report it. They are attempting to rip off would be renters.
0 votes 3 answers Share Flag
Mon Jan 6, 2014
Michael Miller answered:
That's the correct price range, it can also be a bit lower if the condition and location are poor. I've generally put 1 bedroom 1 bath condo's at 250K and adjust from there. Adjust up, if the unit is large and been updated etc. Down, if the condition is poor and the location or project is not as desirable. Valuating blind doesn't really work, seeing any particular unit is everything, crunching numbers, like the real estate web sites that value property will yield some pretty poor results. ... more
1 vote 4 answers Share Flag
Tue Oct 8, 2013
Peter Verprauskus answered:
Hi Jdw,

I've been living in Moraga for 3 years now and it is great for families! There are a lot of large families here - with 4+ children and extended families that live in Moraga. Seems like many people who grow up and go to school in Moraga move away for college and their 20s and then return in their ~30s with kids, so some families have the grandparents living in / around Moraga. Of course many families don't have extended family in Moraga also :), but some do...

Haven't found much 'snob factor' here at all - I think it helps that Moraga is a little quieter than other towns around so there are fewer places to "be seen." To give you a sense of some of the 'small town' aspects there is an annual fireworks display that the town sponsors, weekly free music in the commons where people bring blankets and eat hot dogs, etc. and a pear festival, etc. As some others have said, most people in Moraga are working hard to raise their families and enjoying all the activities in town.

Moraga Resident (3 yrs and not an agent)
... more
0 votes 10 answers Share Flag
Mon Mar 11, 2013
Michael Miller answered:
Your square footage suggests that your unit is not in Ascot highlands (the garage units on top of Ascot, thus your unit is a better chance of having a car port. The value depends on which project the unit is located as well as it's condition. Gven this, you can only expect a price range, 250K to 325K, is likely a reasonable value in this market, seeing the unit is answer for the questions of project, unit location and condition. An off market Ascot Court, 1100 s.f. unit with a garage is in contract for over 350K. So condo values are pushing upward as well as single family homes. ... more
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Mon Nov 12, 2012
Suzanne Looker answered:
Did you get all the information that you needed to move forward? If not, please contact me and I'll put you in touch with a lender.
Regards,
Suzanne Looker
0 votes 6 answers Share Flag
Fri Oct 28, 2011
Kyle Quesnoy answered:
It seems all the responders to your post assumed you were a buyer. According to your profile, you are an agent. Correct? If so, I'm assuming you are either a) not a subscriber to an mls, or b) couldn't find what you were looking for on the mls. Anyway, it would be nice if you provided a bit more info on what your buyer is looking for in terms of property specs. How many bedrooms, condo or single family detached, etc. Let us know and we can all help you. Good luck.

Kyle Quesnoy
Better Homes & Gardens Real Estate Mason-McDuffie
kyle.quesnoy@bhghome.com
510-502-5422
... more
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Mon Jun 6, 2011
David Cooper answered:
Also, lenders are now doing credit checks when the preapprove you and a second credit check a couple days before funding the loan. If your credit card balances increase or you bought a major purchase, you might not get your loan funded


DAVID COOPER Foreclosure and Bank REO's Investor-Las Vegas.35 years experience For freee list
Call +1-7024997037 or check website
... more
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Tue Dec 7, 2010
John Dutra answered:
Frisco,
Hopefully the condominium project is already approved through FHA. This is easily checked and should be done prior to going into contract. If the project is approved then the paper you are looking for is the HOA Cert (or Project Questionairre as you mentioned).

Typically there is a charge to the buyer for this, but if given the authority, title can take it from the deposit to get the ball rolling with the HOA.

I actually went online and it appears that the project was approved before - it should be now as well. So then it is just a matter of having your agent go the HOA or having the title company request the cert be returned as soon as possible.
... more
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Mon Nov 22, 2010
Dan Chase answered:
I expect lower prices. If the economy really picks up maybe the prices will increase a little bit.
0 votes 8 answers Share Flag
Fri Jun 25, 2010
Michael Miller answered:
Don't be turned off by the seemingly longer commute. Unless your in the back (east end) of Moraga, like Tharp Drive, in Sanders Ranch, etc. the drive time distance would not be much more than many areas in Lafayette and Orinda. Remember the Ivy Drive area in Orinda isn't but a few minutes away, plus you will find your best value in a home purchase in Moraga, all else being equal, the extra five minutes is worth it. ... more
1 vote 5 answers Share Flag
Mon May 17, 2010
Kamal Randhawa answered:
Hello Kathy,

They range. Which particular property are you inquiring about?

Kamal Randhawa
Broker
510-932-1066
0 votes 3 answers Share Flag
Mon May 10, 2010
Michael Miller answered:
The Moraga Town Center has been a special study area in the Town of Moraga and will provide for an approval of general uses generally surrounding the old Moraga Ranch and surrounding lands. Much like a general plan, the Moraga Town Center has use elements for commerical, retail, residential housing, both higher and lower density and senior housing. If you visit the Town of Moraga website, you will see the Moraga Town Center plan and associated documents, like environmental, public hearings etc. Before anything would be built, a specific development plan would be submitted and would entail another process through the Town of Moraga. The Moraga Town Center plan now basically puts forth uses and general locations for those uses, much would need to occur before you start seeing new construction appear in the center of Town. ... more
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Mon May 10, 2010
Michael Miller answered:
The information about the unit is correct, relative to size, last time sold. etc. It is a short sale and waiting for lender approval. This asking price was far below value and depending upon the price that was negotiated, it may take the lender some time to approve the short sale. I have learned that the greater the amount the lender has to lose on their loan, the longer the approval takes from the lender. Some lenders are fairly paralized when processing the short sale requests. They will even retain consultants or negotiators to recommend a price...I think so the lender or people working for the lender can avoid bottom line responsibility for approving a big money loser for the lender. I recently had a short sale in San Ramon that we pulled away from after 5 months. It was a poorly orchestrated process, and the loan balance was over $200,000, above the short sale price, which supports my theory. ... more
0 votes 4 answers Share Flag
Mon May 10, 2010
Michael Miller answered:
You really want to make sure you are getting the major sources for finding rentals. First check the paper, for Lamorinda, try the Contra Costa Times, some owners of rental property still will run ads in the paper. Next go on the internet and check Craigslist. Many owners will put an ad on Craigslist and depending on the rental supply and the asking rent, units can stay available for longer periods of time. You should also contact a realtor to make sure you are seeing the available homes that are on the multiple listing service. In lamorinda, many investors still use the services of a broker to find a tenant. ... more
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Wed Mar 4, 2009
Ownerinlamorinda answered:
Thanks Suzanne. My husband and I hadn't thought of it in those terms and that is very helpful. Since we're in no rush we're leaning towards waiting it out a few years. No one can tell what will happen, but I'm thinking now may not be the optimal time for us. I appreciate the responses. ... more
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Fri Feb 27, 2009
Suzanne Looker answered:
Hi Jo,

As others mentioned, there are two ways to approach the question. It really boils down to what is your motivation for a purchase? If it's to have a place of your own and you are willing to either rent it out in the future or sell it without a gain, then it may be a good time. If you are approaching it from an investment perspective, I would hesitate to support the purchase.

Although Lamorinda is a fabulous place to live, the pool of possible buyers in 5 years may look very different than today. Prices may fall to a all time low, which will open the door to a new crop of buyers with higher expectations for low priced homes.

So, if you are happy renting for a few more years, take a look then and see if you life looks the same as it does today.

Good luck to you and I hope we have all been helpful in guiding you on a very important decision.
Regards,
Suzanne
... more
0 votes 7 answers Share Flag
Thu Jul 17, 2008
Stefan Birnbaum answered:
more stable than most.....
best quality of life in the east bay.......if you like a small town feel.
s
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