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Home Buying in 94526 : Real Estate Advice

  • All31
  • Local Info1
  • Home Buying11
  • Home Selling4
  • Market Conditions0

Activity 60
Tue Sep 22, 2015
Suzanne Looker answered:
Hi Lighthouse,

All of those are good questions to consider when purchasing a 'fixer'. Yes, your contingency period would allow you to do all your inspections and due diligence before your deposit is at risk. There is a lab in Berkeley where you can have the asbestos tested.

I advise you align yourself with a realtor and use their expertise to guide you through the whole process. It can get complicated when you are dealing with multiple issues in a remodel. For instance, you will need to make sure your architectural plans can be executed by a licensed contractor. We have lots of referral partners for you to check with.

Your realtor will show you comps that support a price appropriate for the condition of the home. We are in a highly competitive market and the assistance of a knowlegable realtor is essential to navigate through it.

I work the area and would be happy to assist you.

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0 votes 10 answers Share Flag
Thu Apr 11, 2013
Sue Smith answered:
Hi Nathan
I recently have been helping buyers look in both areas and both my clients and I felt that Alamo Creek offered a better value. Alamo Creek is the only new construction in Danville and is a very desirable area. They have been building at a slower pace and have the school and pool right in their neighborhood.
Please call or email me for further information.
Sue Smith
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Mon Feb 25, 2013
Tim Moore answered:
The building dept in your town or county has all permits issued, you can just check with them. You can also ask them about converting it, you might need a permit to do it.
0 votes 7 answers Share Flag
Tue Nov 20, 2012
Ron Thomas answered:
Mon Nov 19, 2012
Tina Lam answered:
If you have a mutual cancellation with instructions for escrow to return your deposit and you don't sign it, then escrow must hold on to the deposit per standard CAR instructions. It's not a threat, just procedural. You should discuss with your real estate broker how this should be handled as we're not in position to offer you advice. ... more
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Sat Mar 11, 2017
Sue Smith answered:
There are pros and cons in buying a foreclosed home. If it is bank owned, sometimes they will have done fix up work and some times have done nothing. If an investor buys it on the court house steps, many times they will have reports done and work finished before they "flip" it.
The main possible "con" is there are no disclosures from a prior owner so a new buyer is in the "dark" about any previous problems. The pro is you could possibly get it for a good price.
Most importantly, I tell a prospective buyers to talk to the neighbors--they generally know alot.

Sue Smith
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0 votes 14 answers Share Flag
Sat Jan 26, 2013
Patty Ballard answered:
All new home sales will negotiate almost any upgrade/change etc. Most that I have dealt with give an incentive package to each buyer. Also, using their lender will get you even more credits/incentives.Hopefully you are represented by an agent who will negotiate a good package for you. ... more
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Sat Jan 26, 2013
Pacita Dimacali answered:
Guess if you don't want to lose time that you make your question crystal clear so that people will know how to answer.
0 votes 4 answers Share Flag
Mon Feb 24, 2014
Brad Davidson answered:
Wish I was closer, I'd help you out. You are going to get a lot of hate mail here. Talk of rebates is not well received on Trulia.

Brad Davidson
We Help-U-Buy Realty ... more
0 votes 12 answers Share Flag
Tue Sep 4, 2012
Ron Thomas answered:
HOAs are particularly hard to deal with; I think you have realized this.
When you make an offer and are in Escrow, they will share the CCR's with you, for a price; usually about $50 for copying.
But, trying to get a copy from them earlier, will be like pulling teeth.
I suggest that you go out to the complex and walk around: Meet some of the residents and ask about the HOA and restrictions. You may ask them if you can copy their copies.
You may also find out other things about the management of the place.

Good luck and may God bless
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Tue Apr 17, 2012
DRE #00960101 Brenda Zwahlen answered:
There are houses in the area in the $700,000 range. That price bracket is selling very swiftly, so you would want to be totally prepared when one meeting your parameters hits the market. ... more
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Mon Aug 24, 2015
Carolyn Zeigler answered:
Hi Hb20111,
You have quite a dilemma. In a perfect world, I would probably look to the older home which needs the renovation in the area where many homes have been leveled and rebuilt. If that is the case, you are probably buying Old House #1 at a reduced cost and more than likely, the worst house in the neighborhood. Your investment in the older home would probably net you more in the long run. However, you and your family would be living in a home which would be in the "renovation mode" for awhile unless you can afford to buy the older home, and then immediately fix it up while you are all living at a another home. Can you live in the house during the construction phase? Yes, but if you have never had this experience, it can be a little disconcerting living in chaos for many months.
Have your agent do an analysis on both neighborhoods to see what the current values are and then decide if you put $300,000 into House #1, will it then be the best house on the block or will it be on a par with all the other homes in the area?? In the renovation, be sure to not over-improve for the neighborhood. Hence, the need for a cost analysis and then don't get emotional about the improvements and stick to a strict budget.
Please let me know if I can be of assistance.
Carolyn Zeigler, CRS
Re/Max Accord
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Mon Mar 23, 2015
Michael Cheng answered:
Mon Mar 5, 2012
Sue Smith answered:
The homes back in that area are very well built--K&B has the smaller homes (2500-3500 sq. ft) and Lennar built the larger homes. It is an excellent area and schools are very good,
0 votes 1 answer Share Flag
Wed Mar 7, 2012
Yasmine Austere answered:
I have been a realtor in Danville for almost 15 years and I know the area very well. It is not easy to advice you on this without knowing all the details and location of the homes. $300K in renovations is huge. Have you remodeled a home in the past? Are you going to oversee the remodel or have an architect/contractor manage the remodel?? Remodels are stressful. Moving into a new home in an established neighborhood sounds rather wonderful but it really depends... Does the style of the new home fit into the neighborhood or is it an eye soar? Are the surrounding homes nice and will those get remodeled eventually to maintain the value of your home? I would love to help you further as I have remodeled in the past, rebuilt my own home and investments are my specialty. ... more
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Mon Apr 16, 2012
Suzanne Looker answered:
I would be happy to refer you to a local real estate attorney.

0 votes 8 answers Share Flag
Wed Oct 5, 2011
Scott Godzyk answered:
Is this a question for my opinion or an ad for this website?
0 votes 9 answers Share Flag
Wed Jan 18, 2012
Ron Thomas answered:
I don't think you could go wrong: we lived in Dublin/Pleasanton for 20 years.

My suggestion would be to go to Garage Sales on Saturday mornings:
It is a lot of fun and you get to meet and talk to people.
If you see a FOR SALE sign, you can ask them about it and pass the info to your Realtor.

Good luck and may God bless
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0 votes 15 answers Share Flag
Wed Jan 4, 2012
Suzanne Looker answered:
Would you like to be put on an automatic MLS search for condo/townhouses in this area? Are you looking to purchase as a primary residence or investor? If investor, you may want to consider the lack of approved FHA condos in our county. Please consult a realtor to assist you through the process.
Suzanne Looker
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0 votes 6 answers Share Flag
Sat Apr 9, 2011
Doug Ledeboer answered:

This property would be a GREAT way to get into Danville. The location provides easy access to the freeway and its fairly close to town. I just relocated a young couple from San Francisco into this community and they love it! This community provides a Danville address at San Ramon prices... The only drawback is that you might have a little freeway noise.

As you probably know, this particular duet is a short-sale and it has been on the market for quite a while (not unusual with short-sales). The Trustees Sale Notice has been posted, so the lender is probably ready to get serious about entertaining offers. The listing indicates the lender has approved the sale at $375k, which would be a good buy in the neighborhood. If you can pick it up for less, better yet.

If you're interested in receiving comparable sales information in the area, please let me know and I'll forward data over this morning. Bottom line, if you could pick this property up at a good price, it would be a great way to get started in Danville. Good luck and please let me know if I can of of assistance to you.

Best Regards,

Doug Ledeboer
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