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94551 : Real Estate Advice

  • All17
  • Local Info4
  • Home Buying6
  • Home Selling4
  • Market Conditions0

Activity 83
Tue Apr 16, 2013
Michael Koenig answered:
Hi Cynthia,
When did you enter your lease?
Has the current owner attempted to end/cancel your lease?

Please provide some more details, so we can better help you.

Thanks.

Michael ... more
0 votes 11 answers Share Flag
Thu Apr 10, 2014
Tony Abad answered:
No one can promise appreciation but your chances for appreciation improve if you have a long term investment horizon.

If you have further questions, please email or call any time, I have recently sold three properties in Livermore and can provide referrals for all of them.
Tony
... more
0 votes 9 answers Share Flag
Wed Mar 20, 2013
Claudia Muller answered:
Appraisal value lower than purchase price is a problem with any lender regardless of FHA or conventional.
The lender will only loan upto 96.5% on FHA and 95% on conventional of the appraised value.
If you, as the buyer, choose to purchase the home at a value in excess of the appraised value, then you will need to bring in the difference between 95% of the appraised value (loan amount) and the actual purchase price.
No need to look it up. It is an issue.
Seller either needs to reduce price or you bring in more to close.
... more
0 votes 5 answers Share Flag
Thu Mar 7, 2013
Henry Brooks answered:
Hello There,

It is likely Shea Homes were able to acquire the lots sooner & for less cost than Standard Pacific's lots. There could be many other factors as well and I could investigate more for you as needed. Please call me anytime to discuss more details @ 209-814-0119. Thanks, Your Friend & Realtor, Henry Brooks;-) ... more
0 votes 2 answers Share Flag
Tue Feb 19, 2013
Henry Brooks answered:
It sure is possible! I recommend searching Trulia, Zillow & Craigslist. You are bound to find a smaller 3bd 1 or 2ba for $1600-$1800mo. Happy Hunting! Your Friend & Realtor, Henry Brooks 209-814-0119 ... more
0 votes 1 answer Share Flag
Sun Mar 31, 2013
Karen Crowson answered:
We saw some increased traffic in the opening week due to the new outlet stores, and any major retail center will have more traffic during the holiday shopping season. But I live very close to the Paragon center and haven't been unduly affected by traffic.

In general, rental rates are strong, as home available for rent are in short supply. Also in short supply are properties for sale. You might see that improve slightly once the holidays have past.
... more
0 votes 6 answers Share Flag
Sat Dec 15, 2012
The Medford Team answered:
Your best bet is to contact the Alameda County Assessor's Office:

http://www.acgov.org/assessor/phone.htm
0 votes 4 answers Share Flag
Wed Nov 28, 2012
Claudia Muller answered:
Dave: This sounds very promising.
You would be required to have a minimum of 20% down payment for this. 30% will get you better pricing on the interest rate. The more down payment, the stronger the offer looks to the seller.
Your qualifying ratios will be based upon your current residence PITI and your credit card/monhtly debts.
Underwriting will factor in 75% of the gross rent for your new investment home. 25% is factored in as a vacancy factor.

If you would like to discuss this in further detail, you may contact me via my email: cgravelle@diversifiedmg.com.

I have offices in both Pleasanton and Fremont.
... more
0 votes 11 answers Share Flag
Wed Nov 28, 2012
Cheri Slaughter answered:
You can find out from several sources... Craigslist, your local newspaper, or through a local real estate agent.
0 votes 5 answers Share Flag
Wed Oct 31, 2012
Ron Thomas answered:
What kind of AUCTION did you have in mind;
The Auction that takes place "on the Courthouse steps"?
or an Auction, staged by a private company with "AUCTION" signs all over the place?


They are very different, but they have one thing in common;
Caviat Emptor!
... more
0 votes 7 answers Share Flag
Thu Feb 28, 2013
Sally Blaze answered:
Dear Ankur:

Lots of questions in one!

1. Yes, the area is not in the heart of downtown, but you are probably about 5 - 8 minutes from downtown. It is convenient to Costco, many businesses, the community college, and the freeway. It is also close to shopping options along the 580 corridor, including the new outlet center opening on Nov 8th.

2. Rating schools is difficult and subjective at best. The same students who go through the elementary and high school also go to the local middle school. Our school district does a good job at providing a balanced education at all levels. Only you can judge whether schools are good for "you".

3. Generally speaking, and over a length of time, real estate does appreciate. There are many experts who try to predict future returns on real estate. One book called "Little Book of Bull's Eye Investing" by John Mauldin, might give you some ideas on real estate investing.

4. When looking at sold price per square foot, I find the number is most relevant if you also include the size of home in question. There can be a great variance in price per square foot, depending on the home's size. Ask a Realtor for more specifics about your potential purchase (and if you are looking to purchase new construction, I would suggest you also get the assistance from a Realtor).

5. During non-commute hours, the drive from Livermore (and the Shea development area specifically) to Sunnyvale will take around 35 minutes. The time will vary depending upon where in Sunnyvale you are headed. Some of my clients, before deciding to move to Livermore, have spent a night in a hotel, in Livermore, and actually done the commute both in the evening and in the morning. As elsewhere in the Bay Area, Monday mornings and Friday afternoons are the most congested times during the week...unless of course it rains!

Good luck in making a decision that is best for you.

Sally Blaze
Alain Pinel Realtors
DRE 01856137
925-998-1284
sblaze@apr.com
... more
0 votes 6 answers Share Flag
Mon Oct 22, 2012
Robin Young answered:
The rental market is very tight right now and rents are going up....The best thing to do is get on an auto email notification of listings that fit your needs. If you would like I can set you up on my system.
Just let me know some more of what you are looking for and what areas ie...Livermore,Dublin,Pleasanton...
Thanks Again,
Robin Young
... more
0 votes 2 answers Share Flag
Thu Jul 23, 2015
stasia poiesz answered:
Sellers often times do not consider all cash to be that important. It is nice, but if they have a choice the highest price will be in their best interest. It will be easier for you though, because mobile home lenders are a little more tricky to find, but I have one I work with.
Fees are the monthly rent, some where between $600-$1000, depending on the complex. There are several complexes where there is an age requirement of 55+. There will be some fees for closing but they are minimal for an all-cash deal.
Property taxes are $0 if it is a true mobile home. If the mobile home has a foundation, there will be property taxes on the improved part only. Let's say $60K is the improved value. Taxes per year will be $60K times .0125% totals $750 per year. It can not go up more than 2% per year.
I hope this helps.

Let me know if I can help, now or in the future.

Stasia Poiesz
Alain Pinel Realtors
925-339-3077
... more
0 votes 9 answers Share Flag
Wed Oct 17, 2012
Sally Blaze answered:
Congratulations on entering the world of home ownership!! And good luck with the process. There is no magic number. It sounds like your agent is doing a good job of showing you a variety of homes, but not too many in one visit. I've helped some first time buyers that find a home on our first day out and other buyers who look for several months. In today's competitive market you may find several homes you like, and make an offer on, before you successfully get into contract. There are many factors involved. Hang in there, enjoy the process, and try to be flexible!

Sally Blaze
Alain Pinel Realtors
Sblaze@apr.com
925-998-1284
... more
0 votes 6 answers Share Flag
Mon Aug 6, 2012
Gregorio Denny answered:
Yes you can as long as you meet the qualifications.
0 votes 3 answers Share Flag
Sat Jul 28, 2012
Tim Moore answered:
Starting is always started at step #1 and step #1 is to speak to a lender to see if you can get a loan and for how much. They can answer many questions. Next go speak to a Realtor who can help you based on what you learned in step #1.

A home that was foreclosed by the bank is no longer called a foreclosure, it is more properly called a bank owned home or a REO (real estate owned) home. The bank that now owns it will list it for sale with a Realtor who lists it for sale and any Realtor can show it to you and sell it to you. Some bank owned homes are in such poor condition that FHA will not loan on it, so just get your Realtor to show you ones that can get a FHA loan.
... more
0 votes 3 answers Share Flag
Wed Oct 17, 2012
Karen Crowson answered:
There had been litigation ongoing at the complex for awhile, up until sometime in 2011 when it was resolved. Banks will not lend on properties in litigation, so purchases during that time needed to be all cash. That greatly reduced the number of potential buyers who could purchase there. So, many home owners elected not to sell during that time. And now, buyers are plentiful, listings are in short supply and the litigation is over. So those wanting to make a move know that it's a good time. ... more
0 votes 3 answers Share Flag
Thu Feb 23, 2017
Rocky G.H. Hawrysz answered:
There are a few real good lenders we've worked with. In addition, there is HomePath Renovation for those homes that are qualified.

Rocky G.H. Hawrysz
Prudential California Realty

rocky@prucalifornia.com
License No. 01468373
... more
0 votes 14 answers Share Flag
Mon Apr 15, 2013
Michael Emery answered:
If your tenant moved out without paying the balance of their rent, you can keep the security deposit and sue for the balance of the money owed under the lease in small claims court. But it's often difficult to collect the balance and you might discover the expense and time of suing isn't worth your trouble.

To legally keep the security deposit, you have 21 days from the day they left the property to send them a letter stating you're keeping their security deposit in lieu of rent. If you're planning on suing for the balance of rent, use language in the letter that doesn't imply that the security deposit leaves the former tenant 'paid in full'. Make sure you use language that states "$xxxx.xx rent due for balance of lease less $xxx.xx security deposit. You have xx days to make payment in full or you could face litigation."

See link below for more information.
... more
0 votes 3 answers Share Flag
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