Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

94608 : Real Estate Advice

  • All24
  • Local Info2
  • Home Buying10
  • Home Selling0
  • Market Conditions3

Activity 37
Sat Mar 23, 2013
Bill & Elijah Fletcher answered:
That's a good question. I believe in hiring a home inspector to Do a thorough inspection of any property before purchasing it. The info you get from the HI will tell you what you need to know. ... more
0 votes 10 answers Share Flag
Wed Oct 31, 2012
The Medford Team answered:
This is a question that can really only be answered by an attorney. One suggestion would be to ask your Realtor to hold up the close of escrow until this is sorted out.
0 votes 2 answers Share Flag
Sat May 25, 2013
Laura Coffey answered:
It's best if you go to the local law enforcement office and ask what questions and concerns you may have. You can also check www.crimereports.com
0 votes 5 answers Share Flag
Sat Nov 24, 2012
Ruth and Perry Mistry answered:
Hi JB, since you have lived there 2.5 years and are now on a month to month lease, the worst that can happen to you if the Bank is efficient, they will be in touch with you shortly
Advising you what will happen, and get details on your lease from you, then they will likely give you
30 - 90 days to find another place, while paying rent to them for the days you are going to be theRe at the property After auction.

You can expect after Auction, one of the three

1.) The Bank may let you Continue renting the present place

Or

2.) Vacate the place

Or

3.) The Bank may let you rent the place while they sell the place on the MLS.

You will owe rent to your landlord till the day it auctions off and then to the Bank.

Good luck.
Perry
... more
0 votes 2 answers Share Flag
Mon Sep 10, 2012
Nina Daruwalla answered:
Hi JB,
Yes....Trulia is not very good at updating their records.....unfortunately! Look at mlslistings.com
All the best,
Nina Daruwalla
Dre# 01712223
0 votes 3 answers Share Flag
Tue Aug 7, 2012
Pacita Dimacali answered:
Since your buyer did not meet his obligation the next you have to issue is Notice to Perform within so may days (depending on what your contract states). And if the buyer still doesn't, then you issue Cancellation of Escrow.

Who's your realtor? Shouldn't your realtor advise you on the procedure?
... more
0 votes 7 answers Share Flag
Mon Jun 18, 2012
Pacita Dimacali answered:
No such thing as average length to receive approval for a short sale.

It all depends on:
1. Who is the lender -- some loans, such as those from Wachovia, are processed fairly quickly
2. Is there more than one lender
3. How much is still owed
4. What stage of pre-foreclosure --- no trustee sale yet, right?
5. Is offer close to market value
6. Is listing agent knowledgeable and experienced about short sale
7. Is the short sale package submitted to the short sale lenders complete
8. Does your offer match or comes close to the BPO (Broker's Price Opinion performed by the short sale lender's selected representative/agent to evaluate the market value of property and compare it to the offer

We all hope for 45 days or sooner from the time the offer is accepted by the seller...but more realistic would be 60-90 days.

And there's NO guarantee the short sale will be approved either.
... more
0 votes 3 answers Share Flag
Wed Jun 13, 2012
Christy Brock answered:
How far in to the transaction are you? Have you released your contingencies? If you have not released contingencies, then you can cancel with no problems. Your Realtor can provide you with the correct form. If you have released your contingencies, then you are not entitled to receive your deposit. ... more
0 votes 6 answers Share Flag
Wed May 16, 2012
Jess asked:
Wondering if anyone has any insight into whether or not property values will increase here.
0 votes 0 Answers Share Flag
Fri Mar 13, 2015
Winnie Tam answered:
Hi Jess

Since you asked this question in 2012, I am sure you have seen your home equity grow !
Let us hope it continues.
0 votes 1 answer Share Flag
Sat Feb 18, 2012
Adrienne Calomino asked:
Sat Feb 4, 2012
Bill & Elijah Fletcher answered:
Any good local agent working with a good local brokerage should have detailed information about particular neighborhoods. Also there are online sites such as rentometer.com that may be able to help with your income estimate. Berkeley and Oakland have crime maps which can be useful in choosing a neighborhood that otherwise you may not be familiar with.
Find yourself a good local agent. This website, zillow, yelp all have agent reviews.
Good luck
Bill
... more
0 votes 2 answers Share Flag
Tue Dec 13, 2011
Eric Chang answered:
Hi there,

I've sold a couple of Andante units and will be in escrow on another. I know that community well. Can I help you?

Eric Chang
Alain Pinel Realtors
0 votes 2 answers Share Flag
Sat Nov 19, 2011
Jeanne (Genie) Barfield answered:
I don't want to be the judge and the jury in your case, but if you have been done wrong it is infortunate, and when the public is hurt by one of us it does reflect on all of us, unfortunately.
Here are three sites you might want to visit.
http://www.car.org/
http://www.realtor.org/
http://www.dre.cahwnet.gov/
I do not like rotten apples but like justice.
... more
0 votes 4 answers Share Flag
Fri Jan 21, 2011
Lance King answered:
Tamar,

A rent/lease to own can be structured in several ways, but the most common is where the buyer/renter puts down a 3% non-refundable deposit prior to move in, then pays rent for a specified period of time - usually 6 mos - 1 yr - and then either closes escrow, moves out and forfeits their deposit, or gets an extension of the lease/option period.

You also need to discuss this with some lenders in advance to make sure you will have someone to fund the deal when you are ready to close.
You need to discuss the tax ramifications with an accountant.

We have done a number of these deals - happy to speak with you about this if you like. Contact info is below.



Best Regards,

Lance King/Owner-Managing Broker
lance@fixedrateproperties.com
415.722.5549
DRE# 01384425
... more
0 votes 4 answers Share Flag
Sun Aug 8, 2010
Amelia920 asked:
unit. This is a historic 2-story building with 4 1-bed 1-bath units upstairs and 3 storefront type/artist studios downstairs. The property underwent a condo conversion and the City of ...
0 votes 0 Answers Share Flag
Thu Jun 10, 2010
Alan May answered:
Wed Oct 20, 2010
Don Tepper answered:
Generally, yes. Along with depreciation, management expenses, and other items on your rental property.

Check with an accountant for more information.
0 votes 3 answers Share Flag
Tue Nov 23, 2010
Ron Rovtar answered:
Hi Susie:

There are two important things you should do:

First, find an agent who has handled several short sales or one who has a good mentor willing to oversee the deal and make sure everything is handled properly.

Second, educate yourself on short sales. This is a complicated way to sell a home and you should understand exactly what is going on. I often recommend the following blog entry because it goes into some subtle, yet important issues about short sales:

http://insiderealestatenews.com/2010/04/lawyer-foreclosure-or-short-sale/

I hope this helps.

Best,

Ron Rovtar
Prudential Real Estate of the Rockies
Boulder, CO
303.473.1926
... more
0 votes 4 answers Share Flag
Tue Nov 23, 2010
Kamal Randhawa answered:
Hello Yesgandiemm,

The best way to search for a property is through a realtor. If you like, I can send you what's on the market right now so you'll have a starting point. As a buyer, Realtor services are free to you.

Kamal Randhawa
Broker
510-932-1066
... more
0 votes 3 answers Share Flag
1 2
Search Advice
Search

Followers

194