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Market Conditions in Alameda : Real Estate Advice

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

Activity 6
Sun May 19, 2013
Donnee Hankel answered:
Google shows it is estimated at 34 minutes, as we all know that will depend on traffic, you would want to have a fasttrack for the bridge
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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....
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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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Wed Oct 21, 2009
AJ Cohen answered:
Good Evening Chess Player,
I will tell you that the activity in Alameda is at a steady click right now. In fact I am taking a relocation buyer out shopping in Alameda tomorrow morning. It depends what you have, if it is a townhouse on Bay Farm it will be difficult but if it is a single family home priced correctly, the are moving rapidly. A big reason is the ferry commute for many city employees. What you really need to do is send your address out to an agent who can give you recent comps in your direct area. I was raised most of my life on Bayfarm on Island Drive and I loved it and many other home buyers just starting families are just now really getting turned on to the island. If you would like me to put together a quick CMA (comparative market analysis) you can send me an email at ajcohen@apr.com with your address and I can help give you a sense of your homes value.
Have a great evening,
AJ Cohen
The Bleier Team
Alain Pinel Realtors
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Wed Apr 16, 2008
Donald J. Leske II answered:
Its a catch-22 Ed, great time to buy... not so great time to sell. I do 1031 Tax Exchange deals all the time, and in fact..., I am about to do another one this coming month. - Not a lot of details in your question, but if it is your family home and occupied by family you should not have to do a 1031. Just rent it or sell it.

The 1031 issue comes into play when you have to sell a "non-owner" occupied property that you have not occupied in the past two years (some States may differ). The burden of Capitol Gains can be anywhere from 10-15% and sometimes even higher. You REALLY must consult with a Tax Exchange specialist, no kidding. That will be your first thing to do today! - I use a professional company that is tied into one of our local Title companies... they are great and give lots of free adivce.

Its just my 2 cents worth.., and I hope this has helped a bit.
-Don
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Mon Mar 10, 2008
Lisa Cartolano Ellen Diamond answered:
You definitely need to talk to a good mortgage broker. Rates can be affected by not only the prevailing rates, but your credit score, the appraised value of your home in the current market, if you have any money for closing costs. Also rates can vary depending on if you are doing a cash out refi or just a straight refi with no cash out.

As you can see there are a lot of variables. Sitting down with a good mortgage broker who can discuss all the variables and options will be your best bet so you can see what the rates would look like for you in the current market. I can highly recommend Chris Hudson. He is honest, straightforward and very thourough. His website is www.myhomeloanplan.com.
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