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Home Buying in Emeryville : Real Estate Advice

  • All43
  • Local Info5
  • Home Buying12
  • Home Selling2
  • Market Conditions4

Activity 18
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
Mon Sep 10, 2012
Nina Daruwalla answered:
Hi JB,
Yes....Trulia is not very good at updating their records.....unfortunately! Look at
All the best,
Nina Daruwalla
Dre# 01712223
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 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 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
... more
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.
I do not like rotten apples but like justice.
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0 votes 4 answers Share Flag
Fri Jan 21, 2011
Lance King answered:

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
DRE# 01384425
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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
... more
0 votes 3 answers Share Flag
Tue Jan 24, 2012
Matthew Bartlett answered:
Hi Monkeyd,

Your first step will be to speak with a Lender that you feel comfortable with and start the loan application & approval process. Once you have received loan approval then your next step will be to speak with a Realtor. Do not be afraid to interview multiple Realtors until you find the Realtor that is best suited to represent you and your needs. Best of luck!

... more
0 votes 7 answers Share Flag
Sun Aug 9, 2009
Eric H. Wong answered:
Look at the comparable sales in the area for homes that are similar to the one you want to buy. Make allowances for different locations, condition of the property, number of rooms, etc. and, with the help of your ageny, make what you think is a reasonable offer, but always be prepared for a rejection.
It has been my experience that many of the banks operate under their own guidelines that do not always line up with local market conditions, It would be great if the banks had some logical procedure they all worked with, but they don't.
Just make an offer you think is fair, hope ut will be accepted, but be prepared for rejection.
... more
0 votes 3 answers Share Flag
Thu Jun 11, 2009
Vicky Chrisner answered:
Call the IRS or a tax attorney to be sure, but I suspect you're OK if your name was never on the deed or mortgage and your husband (now ex) was and is the one claiming the mortgage interest deduction. ... more
0 votes 3 answers Share Flag
Thu Nov 13, 2008
Serena Russell answered:
Hello Samuel,

Congratulations on taking this step forward for your son! You have many questions and many issues to deal with. I strongly suggest consulting a California Real estate Tax person since the laws can vary by state. A tax attorney can answer many of your questions. They can advise you on the different methods of taking title, and the implications when you sell.

Is your son over the age of 18? Does he hold a green card? Will the property be in his name or yours or both? There are many laws surrounding title and implications for when you sell. You may also want to call an escrow company. There are many out therer; Fidelity Title, First Reliance escrow, First American Title, these are only 3 companies, to name a few. Ask to speak with an escrow officer and provide them the information. If you have identified the property, they give them the address and the property details.

As for selling, it's difficult to predict what your returns might be 5 years or even 10 years from now. The economy and the marketplace will dictate what a home will sell for and what a buyer is willing to pay for it. The costs and fees associated with a sale, could be different at that time.

I suggest starting with the experts (Real estate tax person, or attorney,and escrow company) and going from there.

This is a great market in which to buy property. There are lots of choices and deals in many areas, and certainly in Emeryville as well.

Take care, and good luck with your search.
... more
0 votes 1 answer Share Flag
Sat Oct 25, 2008
Eric H. Wong answered:
There has not been a sale in either of those communities in the last 3 months, and I am wary of looking at the sales data for anything further back, because the Emeryville condo market has been so volatile.
If you look at Emeryville as a whole, the average sale per square foot is hovering around $410, though most of those sales have been in the Watergate community. There was one short sale at Bay One that went for $360 a square foot.
Which is better. It really depends on what you want. Bay one is certainly more centrally located, and is a newer development than Bridgewater, but I have talked to a couple of Bay One owners, and they have said that at times it is too busy down there. In the end I think it depends on the type of lifestyle you like.
Bridgewater was having a lot of trouble with resale last year, but so were a lot of the condos and lofts in Emeryville.

Good Luck
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0 votes 1 answer Share Flag
Thu Sep 25, 2008
NonRealtor answered:
Mon Jan 23, 2012
Dallas Texas answered:
Whether is a home sold thru a seller/bank it's all the same. It is a great myth of searching for an expert in foreclosures just all the paperwork needs to be completed per the specifications of the bank. IT IS THE TALENT of an agent that can locate a GREAT home with equity. Prepare yourself of submitting multi bids on several properties, banks are slow on their response you could be in a bidding war.
... more
0 votes 8 answers Share Flag
Thu Jun 26, 2008
Dot Chance answered:
what is the question? It seems to be incomplete.
0 votes 1 answer Share Flag
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