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Concord : Real Estate Advice

  • All245
  • Local Info18
  • Home Buying105
  • Home Selling10
  • Market Conditions9

Activity 159
Tue Mar 18, 2014
Judith Myers answered:
There are two BART stations in Concord, one in Pleasant Hill and one in Walnut Creek. Parking is easiest at North Concord but you may prefer the schools in other areas. No areas are really far from BART. Availability of rental housing varies by area and it's a good idea to move quickly. Landlords usually don't put homes up for rent until they are vacant and ready to go. It's hard to get more specific without knowing your budget. ... more
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Mon Apr 15, 2013
Pacita Dimacali answered:
Best thing you should do is engage a realtor who has successfully listed and closed short sales --- including investment property that used to be the primary residence.

My clients did the same thing --- bought a house in Alameda, then bought another house in Martinez. They couldn't get enough rent money to cover the mortgage on the first house. Since their financial circumstances have changed due to hardships, they qualified to do a short sale.

If you can do a short sale, that will be better than letting the property foreclose. Too many reasons to list in one short response as to why short sale is your best bet at this time.

Yes, you should be able to take advantage of the Mortgage Debt Forgiveness Act which was just extended through end of 2013 (California legislature still has to meet to mirror this act in the state).

I can send you some information to review, including samples of hardship letters, financial worksheets (income vs expenses). Who is the bank?

I'd like to help even if it's just to get you start thinking short sale instead of foreclosure....
... more
0 votes 7 answers Share Flag
Tue Dec 27, 2016
Tim Moore answered:
No, if it was foreclosed it is no longer yours, it belongs to the bank now and if they can get more then it is there profit. My question is if they can get more than was owed why didn't you sell it when it was yours? ... more
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Mon Jan 28, 2013
Craig Lawler answered:
No. Once the property is bank owned, it's their property and it doesn't make a difference how much they sell it for on the open market.
0 votes 4 answers Share Flag
Mon Jan 28, 2013
The Medford Team answered:
Wed Jan 23, 2013
Suzanne Looker answered:
There are micro markets within each city in our area and each has it's own profile. If you identify an area, I suggest you call the local police and ask about current incidents. It is also advised to check on the Meganslaw website.
Regards,
Suzanne Looker
... more
0 votes 7 answers Share Flag
Fri Jul 10, 2015
Suzanne Looker answered:
This will be a challenge unless you are able to fix up a property and pay all cash or have 20% down payment. The investors similar to yourself are out there making offers and driving up prices all through the county. It appears that you are considering a townhouse/condo as well. I can set you up on a search if you contact me offline.
Regards,
Suzanne Looker
... more
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Thu Feb 12, 2015
The Medford Team answered:
To calculate the CAP rate for anything, you do the following:

1. Get the most recent sale price or, in the case of new construction, order an appraisal and get a fair market value.
2. Determine the net operating income for the property (current or projected gross rental income minus current or projected expenses paid by the owner (taxes, insurance, any financing costs, operating costs, etc.).
3. Divide the net operating income by the sale price (or appraised value, if new) to get the CAP rate.

NOI / Price = CAP Rate

In this case, we would need extensive information from you to actually determine the CAP rate. Since you’ve given us nothing, I’m hoping the above formula is what you actually need.
... more
0 votes 2 answers Share Flag
Fri Nov 2, 2012
Pacita Dimacali answered:
Your best bet may be to attend one of these events, see how it's done. The rules may be different depending on who the foreclosing bank is.

Since you've seen Auction.com, then you may also have seen events planned on when people can go and bid on the spot. You don't have to bid to attend.

Auction.com has a calendar of events --- make plans to attend one
http://www.auction.com/auction-calendar/residential.php
... more
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Wed Oct 31, 2012
Tina Lam answered:
Are you asking if there is a crime rate in that zip code?
0 votes 7 answers Share Flag
Tue Oct 30, 2012
Denise Russo answered:
This is a quiet, established community in Concord. I have a relative who lives there and refuses to move because he loves how he is close to everything such as bart, freeways, restaurants and more. There are quite a few homes that have been remodeled over the last few years and currently as well. Here is a link with more info below. If you need more help or a list of available properties, please contact me at mybellarealty@gmail.com or call 925-783-6749. ... more
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Wed Oct 31, 2012
Wes Knapp answered:
City of Concord is easy (compared to Pleasant Hill and WC), depends on a bunch of factors in regards to the subdivision, zoning, and property statistics. Here is a link for the planning department. http://www.ci.concord.ca.us/citygov/dept/planning/

Go 49ers!

Wes
... more
0 votes 2 answers Share Flag
Fri Oct 26, 2012
Don Tepper answered:
Maybe yes. Maybe no.

I expect your local laws require that landlords maintain a habitable property. And so, for instance, an interior temperature of 40 degrees in the winter probably wouldn't meet the definition of habitable. But 68 degrees? That's probably OK.

So the answer (the legality) depends on your local laws.

Also, your mother should check her lease to see what it says about provision of heat and airconditioning.

Hope that helps.
... more
0 votes 5 answers Share Flag
Mon Oct 29, 2012
Suzanne Looker answered:
I suggest that you call the Concord police dept to get the activity of the area. Also check out www.meganslaw.gov
Suzanne Looket
0 votes 6 answers Share Flag
Sun Sep 30, 2012
Wes Knapp answered:
Catherine, I use postlets.com to syndicate listings. I like it because you can save, renew, edit, publish, customize, etc., (and it is free). It even publishes the html code to post your rental listing on craigslist.

Give me a call or email if you'd like.

Thank you,

Wes Knapp

Excel Realty
Realtor® DRE Lic.#01526459
Email wes.knapp@gmail.com
925-388-6015
... more
0 votes 1 answer Share Flag
Thu Oct 25, 2012
Michelle Saputo answered:
There are no active listings on the MLS on the street "Roundtree"...It looks like you are viewing a listing from the foreclosure search within Trulia. If you want a list of the foreclosures that meet your needs, I'd be happy to send it to you. Just let me know by sending me an email.

michelle.saputo@bhghome.com
... more
0 votes 7 answers Share Flag
Thu Dec 12, 2013
Eric Rotsten answered:
Land sales have not caught up with the current frenzy in the local residential market. The average market time for land sales in the Concord/Clayton/Walnut Creek area is about 180 days. There have been 5 closed land sales in the area since Jan 1rst and there are currently 16 active properties and 6 pending sales. The type of lot you describe is very unique in the area would command attention. Feel free to contact me for specifics on any of the other sales or listings in the area. ... more
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Wed Oct 31, 2012
Angel Hernandez answered:
If you look up the property on Trulia you will find a link at the bottom of the page that has crime statistics. I happen to live in that zip code and it is fairly low.
0 votes 5 answers Share Flag
Fri Nov 2, 2012
Suzanne Looker answered:
Your best source for how much you can afford is a lender. I can then set you up on a customized MLS. Please contact me offline if interested in a referral lender.
Suzanne Looker, www.suzannelooker.com ... more
0 votes 8 answers Share Flag
Wed Aug 1, 2012
Byron Lohman answered:
The question you're asking requires legal advise. Extremely few responders on this real estate questions site are licensed to practice law in CA. Suggest you seek legal advice from an attorney in your area. ... more
0 votes 4 answers Share Flag
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