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94598 : Real Estate Advice

  • All12
  • Local Info0
  • Home Buying4
  • Home Selling4
  • Market Conditions0

Activity 176
Mon Apr 18, 2011
Steve Curtis answered:
There are currently 4 properties for sale on Alma in Walnut Creek. Two 1 bedroom units at 1315, priced at $195,000 and $223k+. Additionally there are two units available at 1800 Alma, a 2 bedroom 2 bath with 1200 sf priced at $699,000 and a 3 bedroom 2 bath with 1465 sf priced at $825,000. Until last week there were two 1 bedroom + den units at 1800 Alma priced at $335,000 and $399,000. Both are now pending "subject to lender approval"

Generally 1800 Alma is considered the more upscale of the two complexes but obviously both offer immediate proximity to downtown and all that offers.

You indicate that you are looking in Summit Ridge. There are currently two active listings in Summit Ridge and 2 in Beacon Ridge across the way. There are also several in Heather Farms including one detached home that may be worth some consideration.

If you have any questions about any of these you may want to check out www.ContraCostaHomes.Listingbook.com ... where you will find the most accurate info because it pulls directly from the mls. You can also search sold properties from there. And obviously, if you have some specific qustions feel free to contact me or your agent if you have one.
Steve Curtis
Broker / Owner
Windermere Walnut Creek
925-408-0037
Steve@SteveCurtisHomes.com
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Sun Mar 20, 2011
Sam Benson answered:
Hello, the rental market in both Pleasant Hill and Walnut Creek is good. The low side is $1800 for a 3 bedroom 1 bath in an older Pleasant Hill home to over $4,000 for a large executive home in Walnut Creek. Both Cities have good schools, Walnut Creek schools test a little better than Pleasant Hill in general, but both are desireable to families. I hope this helps. Please call or email me if I can be of additional assistance.

Best regards, Sam Benson
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Wed Mar 16, 2011
Kamal Randhawa answered:
Hello Mike,

You should contact the condo board or have your realtor contact them for you to find out if there is any ongoing litigation. And for financing, I always suggest you start with your bank or credit union, someone reputable for sure.

HOA for Broadway is Broadway Plaza...the number is 925-746-0542
HOA for Oakgrove is Oak Creek...the number is 925-212-6673

Please make sure you are working with a knowledgable realtor, we are all here to assist you if you need us :)
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Sun Feb 20, 2011
answered:
Sat Feb 5, 2011
Johnny Huang, MBA answered:
Looks like your landlord hasn't paid his mortgage. You have rights under federal law. I've attached a link for reference only, but you should seek legal advice.
0 votes 5 answers Share Flag
Sat Feb 5, 2011
Linda S. Cefalu answered:
The home could be a foreclosure or a short sale. There are any number of reasons for this difference, but those would be top two.
0 votes 8 answers Share Flag
Mon Jan 24, 2011
Sally Grenier answered:
First of all, make sure you have a good Realtor working for you and looking out for your best interests. Homeowners are required to disclsose any known defects or issues (past or present) to any potential home buyer. Make sure you receive these disclosure documents. Other things to ask about or look for:

- Roof (has it ever been replaced, have they ever had any leaks)
- Foundation (have they ever had any issues?)
- Furnace, A/C & hot water heater: (how old are they, have they been replaced or when was the last time they were cleaned & serviced)
- Plumbing, electric, etc. (Same thing)
- Appliances

(all of these should be addressed in the seller's property disclosure, but it's always a good idea to ask point blank)

Let me know if you need the name of a good agent in your area. Good luck!
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Mon Aug 13, 2012
Brian Rochford answered:
Hi Denise,
Have you toured the area already and that is how you focused your search down to the Northgate neighborhood? A lot of the homes that are currently on the market in Walnut Creek that are vacant, are REOs or short sales listings. I know that REO listings will not do leases or lease options, as the banks are looking to move their inventory. And I personally, do not recommend doing a lease on any short sale properties as there are no guarantees that you will be able to reside in the property once it falls into foreclosure.

There are twenty one active listings in the Northgate area currently, of which ten are vacant. Five of of those ten are non REO or short sale listings. None of them are offering lease options right now. There is only one advertised property on the market that is offering a lease option, but that property is located in Lafayette (and depending on your price point, it may be too much).

I hope that answers your question. If you are not working with an agent already, I am happy to send you active lease listings in the area and work with you to help you and your family find the right place. I have helped other relos in your same situation, and understand how stressful it can be moving from one state to another in a short period of time.

Well, Happy New Year and best of luck,
Brian
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Thu Nov 25, 2010
Susan Kingsley answered:
Hi Ester,
I used to be a teacher and am happy to share information. I know there are so many questions in this process.

Of the 37 properties in Rossmoor that are currently pending, one of them got an accepted offer the first day( 0 DOM) At the other extreme another of these pending sales was on the market for 332 days. The average is skewed because some of the properties have been on the market for a very, very long time. The average DOM for these 37 properties is 77 days.

Of the 172 that are currently for sale on the MLS, the average DOM is 103 days. 7 of those have been on the market for over a year. If I subtract those 7, then the average is 79 DOM for the remaining. Most properties that are priced well, in good condition and marketed thoroughly will sell within the first 30-60 days. Some sooner.

I have been helping buyers and sellers in Rossmoor for several years and I love this community. My aunt lives on Ptarmigan and I am very famliar with MOD and the nuances of Rossmoor. You can go to my website for more information about Rossmoor and to see the properties I am currently selling in Rossmoor, along with the history of the sold properties.

I am not on Trulia all of the time, but feel free to email directly with specific questions. Hope this helps.
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Fri Jan 14, 2011
Charles Swank answered:
It depends who the seller is. Each situation is different. It also depends on how close to market value the property is put up for sale at. A bank reo often operates under pretty set guidelines and anything below 20% below list price tends to be a low percentage game, and there are exceptions. A divorce case or probate sale with greedy or cash desperate people who inherited the property is a different case, and one might get away with a low ball offer 30-40% below list price if it is an all cash, no contingency offer.

The only real question for me is, how low can I offer without offending the seller to the point where they will not talk to me or even look at any other offers from me.

Other wise I will start low and negotiate my way up on price and terms to a deal that makes sense to me, or I reach a point where I will look at other properties. It still is a Buyer's Market if you have cash, or solid credit.

Rossmoor homes many times are probate sales where someone has inherited the property.
Also some locations are vastly more in demand in Rossmoor than others. Distance from parking being one factor.

Usually a good broker with 10 or more years and a 100 or more closed sales should be able to guide you through the process.

Although I am not accepting any new clients at this time.
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0 votes 11 answers Share Flag
Wed Nov 24, 2010
Johnny Huang, MBA answered:
It won't go as high as it did three years ago for certain but to predict values is harder these days due to economic and political factors locally and globally.

If you were to buy and bank on increasing equity to make an income, don't bet on it. If you are an investor buying your first income property, the your ROI is in the monthly spread between what you collect and your debt owed. ... more
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Fri Nov 21, 2014
Terrylynn Fisher answered:
I am relatively certain when taking a client on a tour of the Waterford, that they gave that information. Quickest way is to do that, either call and ask and/or go on a tour. They are most gracious and no pressure. It's a lovely place. It is of course the older end of Rossmoor, in other words not so many 55 year olds in Waterford.
I have many clients that live in Rossmoor and they LOVE it, from the single man who wants all his meals without having to cook, he would like Waterford, but others love the coops and some the home, know what I mean, depends on how much structured activity you want or like? They have it all. Good luck to you
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Mon Oct 31, 2016
Karen Martin answered:
Hello Ester,

Any time of the year is a good time to sell. People do move year round. One thing positive about selling in winter, is when buyers are coming to look at your home in the winter, they are usually serious; not just out looking because they are checking out paint colors and decor. If you are considering a sell, we would love to talk with you and answer all your questions. Happy Holidays!

Karen Martiin
Better Homes and Gardens, Mason McDuffie Real Estate
925-550-1999
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0 votes 10 answers Share Flag
Mon Jan 10, 2011
Bob Georgiou answered:
Ester,

Rossmoor is unique in that the co-ops bend the market a bit. Since those homes require (for the most part) all cash offers the statistics drag and extend numbers in favor of the buyers. Holidays are susally tough since many people have other activities that eat into new home shopping time. That fact doesn't change in Rossmoor. ... more
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Fri Nov 19, 2010
Simon Watson answered:
I can tell you more about the school district if you call me but you can only attend the schools in the specific area for that address which are as below from the School district web site. You do have the option of requesting other schools noted below and there are other options available if you live and work in Walnut Creek.

Simon Watson


Dobrich Cir, Bay Point, 94568 (PUSD) may be serviced as a MDUSD street. Schools of attendance are Bel Air Elementary, Riverview Middle, and Mt. Diablo High.

MG/Wren Ave or
MG/Westwood School of assignment is Wren Avenue or Westwood. Enrollment in Monte Gardens permitted subject to space available and acceptance of school philosophy.

Sequoia Elementary, and Sequoia Middle Schools are district-wide schools. Enrollment is permitted subject to space available and acceptance of school philosophy.

YVHS/CPHS* Students who live in the Pleasant Hill Elementary attendance area (south of Roberta Avenue) may attend either Ygnacio Valley or College Park high school. Those who choose College Park must submit a form indicating their choice of this option to the Student Services Department between October 1 and January 15. This is consistent with administrative procedures established when Pleasant Hill High School was closed.
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Tue Nov 2, 2010
Bernard Gibbons answered:
Hello April:

You are correct in that there are few comps for this area. A 2800 sq.ft. single family home on Cherry Lane sold for $299/sq.ft. in September and that is about it. Given the lack of relevant data, an appraiser would probably loook at similar homes to yours (age, size etc.) a little further afield.

Bernard Gibbons

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Bernard Gibbons, J. Rockcliff Realtors
DRE License # 01331583
Phone (925) 997-1585 - bernard@bernardgibbons.com

www.BernardGibbons.com
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Wed Nov 3, 2010
Guy Gimenez answered:
Disclose to whom?

In Texas, the purchaser of an appraisal ordered for personal reasons (vs. qualifying a property for the lender) is not obligated to share that information with anyone. However, should his partner decide not to accept the "seller's" verbal statement of value, that seller can either share the appraisal to prove the value or the partner can refuse to transfer his interest to the "seller." ... more
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Tue May 23, 2017
Barbara Wilson answered:
see a lawyer. there are things they need to do, and they should probably NOT use a purchase contract....
0 votes 12 answers Share Flag
Tue Oct 19, 2010
Kevin Olson, Jessica Laude answered:
Hello,

I've got several blogs on Trulia offering free advice on BPOs and how to get into company systems. The certificate from the school is just another one of those places to spend time and money. Very few companies care about this sort of thing unless you are "certified" by a class they approve, which most of the time happens to be owned by them for an additional moneymaker. The 2 year requirement is getting to be more common, but don't give up. Plenty of the good companies will take you on with less than 2 years experience.

Here is a Trulia link for a full list of companies that are currently active:

http://www.trulia.com/blog/kevinolson/2010/09/bpo_company_list_a_good_one_broker_price_opinion_companies

Read some of my blogs on signing up, getting into the system is a simple process to get that 1st BPO.

Best Wishes,
Kevin
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Wed Sep 19, 2012
Pacita Dimacali answered:
Perhaps.....

1. Your realtor can contact the listing agent and ask who the lenders are (this is the easy part)
2. That listing agent may have already prepared the short sale package for submission to the short sale lenders, and that package should include the most recent statements from the mortgage companies that will also show the latest balances

Even if the information isn't readily available....

Your realtor can go to the MLS, click on the property information to see a history of when it was bought, how much was the down payment, and who the lenders are....then backtrack to determine what the interest rates were at that time......you can still have a very good idea of the mortgage balances that way, considering that in the early years of the mortgage, most of the payments are for interest and not the principal.

This research will also show if and how many times the property was refinanced (or when a HELOC was taken out).

Good luck!
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