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Alameda : Real Estate Advice

  • All131
  • Local Info10
  • Home Buying55
  • Home Selling0
  • Market Conditions10

Activity 93
Tue Jan 17, 2012
J. Mughal answered:
I have no idea about that area. If I was you I would go to a local police department and ask then about the area safety.
You can also use zipskinny.com and get all the details about a specific zipcode. This way you'll have somewhat better idea about the safety of a given area along with other useful information.

I hope this is of some help.

http://www.FidelityNationalrealty.com
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Fri May 9, 2014
Quinn Stone answered:
Esther, you posteded this in the Alameda category. You'll probably get better results if you post your question in one of the West LA communities. Maybe you already did.
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Sun Jul 8, 2012
Anna M Brocco answered:
Yes, if you qualify you can purchase; therefore do visit with any loan officer, after reviewing your overall financial information a determination can be made, then go from there.
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Wed Dec 5, 2012
Anna M Brocco answered:
For school information see link, http://www.greatschools.org/ As for areas, much will depend on your budget, wants, needs, etc., therefore consider working with an agent of your own....
0 votes 10 answers Share Flag
Tue Jun 19, 2012
Pacita Dimacali answered:
When you say "pull up some MLS info" -- are you looking for specific properties?

Or do you merely want access to the MLS? Try this splash link where you can customize your search. Free service, no obligation to you. ... more
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Sun Apr 17, 2011
. answered:
Sun Apr 17, 2011
Troy Staten answered:
It's a nice house, in a nice area. In that neighborhood if a property is priced correctly and is marketed correctly it usually gets an offer quickly. My thoughts are if you like it talk to your agent (or if you don't have one talk to me) and write an offer that you will be happy with if they say yes. In that neighborhood if a property is priced correctly and is marketed correctly it usually gets an offer quickly. It does not cost anything other than time to write an offer. As for the market in general in that area there are not a lot of 3 bedroom 2 bath houses so if you find something you like its a good idea to pursue it because you might not find one you like again for sometime.

Thanks
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Mon Jul 23, 2012
Troy Staten answered:
Sounds like it, if you found out about it on Craigs list be careful. There are scammers out there who pirate for sale posts from Craigs list and use the pictures and info to offer a property for rent. If the person who is offering the property says they are out of state and are asking you to send them money for a key deposit or other such thing be careful. You also should find out if that person is the real owner of the property. A Realtor can help you with that. If the property is being offered through a property management company your probably fine.

Good luck

Troy
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Sat Feb 12, 2011
Dan Tabit answered:
Janice,
Whoever signs the lease is your tenant. If you permit a sublease, than in theory the person paying you rent may not live in your rental, but they are responsible for the unit.
Personally I would want the information for the actual tenants, and would require copies of picture ID along with the application & credit report. Make sure you know who you are renting to.
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Tue Nov 9, 2010
sarah asked:
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Sun Nov 7, 2010
Suzanne MacDowell answered:
Make sure you are very, very familiar with the process for evaluating the investment so you are sure of success as an investor! Know how much of a down payment you are going to need and save, save, save! Educate yourself on alternate sources of funding your investment, including owner financing and hard money loans. Find a source for both conventional and hard money loans and build your relationship with them now! Listen to your lender! They will be an invaluable source of advice. And find yourself an excellent realtor who works with investors, perhaps is an investor themselves, and that can guide you in your purchase. Last, find yourself an excellent attorney with experience in real estate investing.

One thing people, especially some selling "programs' to investors, tend to forget is this, a good realtor is the best resource you will ever have! They have done this before and they know both the correct path and the pitfalls. they know when to exercise caution and when to go full steam ahead. They know the process, they have access to the partners and resources you will need and they know what works and what doesn't in your state. And they have a fiduciary duty to YOU to do what is right for YOU even if it is not in their own best interests (i.e., maximizing their commission). No one other than your attorney has that legal obligation to you, their client. A good realtor is worth their weight in gold!
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Fri Feb 11, 2011
Troy Staten answered:
Normally you could talk to a loan broker or a bank but for the co-ops your looking at in Alameda you need to use a specific lender. That lender is NCB Mortgage 866-622-6446. They also require 20% down. If you have any other questions about Alameda feel free to contact me.

Thanks
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Sat Oct 30, 2010
Jack asked:
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Fri Oct 15, 2010
Anna M Brocco answered:
I'm assuming you don't have an agent of your own--if you do what is he/she suggesting---if you don't, consider consulting with an attorney who specializes in real estate, he/she will be your best source of advice--then go from there. ... more
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Fri Jul 10, 2015
answered:
Lemmie,

For lending qualifications gross income (before taxes) is always used.

Regards,
Shawn
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Sat Jun 12, 2010
Pacita Dimacali answered:
It's only legal if both parties agree to it.

You as the buyer have the right to choose your own title/escrow company. And generally, you as the buyer pay for your own title insurance.

However, there are times when this item is negotiated.

If the property is an REO (bank-owned), they usually have their preferred title companies. If you agree to use their preferred company, you can specify that the seller will pay for title insurance. And generally, they do.

If the seller opened a pre-escrow with a title company, and the preliminary report is already available, the seller may have considered that as an extra service or information to provide to the buyer as part of the buyer's investigation. But you don't have to use that title company. If you do choose your own, you may be expected to pay your own title insurance as customary

In a competitive situation --- depending on whether it's a buyer's market or seller's market, many items are negotiable regardless of what expenses are customarily paid by either party.

As they say, everything is negotiable. And once everyone agrees --- it becomes an enforceable contract. And yes, that's legal.


Shouldn't you be asking your realtor this question?
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0 votes 10 answers Share Flag
Sat May 1, 2010
John-Michael Kyono answered:
Hi Kathy,
You might find this helpful.. these are the crime stats for Alameda. Be sure to click on the crime mapping link to the left.
http://www.ci.alameda.ca.us/police/crime_stats.html

As a resident of Alameda I am comfortable with every area on the island. I know the area and home of which you are talking and the best thing to do is to walk the neighborhood. That gives you a real sense of what its like. Some of the homes are rentals and not well maintained but I have found residents to be friendly when showing houses in the area. But one thing that should make you feel better are developers investing int the area.. one is a block away built in 2003 and the other located at the end of Grand just opened for sales earlier this year with first move-ins scheduled for late summer/early fall. You should walk down the street to the inner channel, it's beautiful in a shipping, coastal town kind of way.
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Tue Apr 20, 2010
Kamal Randhawa answered:
Helli Kathy,

Which neighborhood are you speaking of? Is there a particular property you have in mind? IF so, I can send you a complete property report which shows all the demographics and such. Feel free to call or email me anytime.

Kamal Randhawa
Broker
510-932-1066
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Sun Mar 21, 2010
Kamal Randhawa answered:
Hello Homebuyer,

You should talk to your agent and see if the seller is willing to negotiate. Is this an REO, short sale or regular sale, knowing that would help. You may also have problems with your lender funding if the problem is significant. Some lenders would want you to make these repairs before they fund. I would discuss all the options with your agent first...I hope you are not using the same agent that's listing the home. Good luck.

Kamal Randhawa
Broker
510-932-1066
"Call or email me anytime for free real estate adivce"
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Sat Mar 13, 2010
Pacita Dimacali answered:
Nothing is "normal" when it comes to REOs and short sale.

sometimes, REO banks can take 5-7 days to respond to an offer. And the same goes with their response to documents once you're in contract. Others can respond quicker.

Your agent should keep following up with the REO agent and the escrow company for updates

Hang in there. Your own lender should be aware of these challenges as well and may be willing to work with you on the timelines.
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