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Oakland : Real Estate Advice

  • All873
  • Local Info78
  • Home Buying343
  • Home Selling53
  • Market Conditions32

Activity 588
Thu Nov 7, 2013
Vilius answered:
Tue Apr 30, 2013
Nanette Kunewa answered:
This question poster LOVES to sponge as much free info as he can from the agent/broker community...

Please don't feed the Trulia trolls!
0 votes 2 answers Share Flag
Mon Feb 2, 2015
Richard Matus answered:
Take a look at what's available on Craig's List, that is where all property owners go to advertise their available rentals. You can get a pretty good idea of what your competition is doing by looking at other rentals in your area.

Another good site is Rentometer.com . You can put in your bedroom count, prospective rent and see what this site says. I'm not sure if the other rents are just other people putting in their prospective rents or if these are real rents but it does give you an idea of what rents are in the area.

You'll also know when you put your available rental on CL. I had a vacancy recently, put it on CL on a Sunday morning and had to stop answering the phone that evening, it rang almost non-stop. I ended up having two showingstimes with lots of people there and rented the apartment in just a few days.

If you put a good ad on CL with photos and a good description and your phone is not ringing, your rent is too high.
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Sun Feb 22, 2015
Tim Moore answered:
I am guessing you think it should be free. What difference does it make what happened there?
0 votes 8 answers Share Flag
Tue Nov 5, 2013
Jackie Care answered:
I would recommend speaking with a mortgage broker and going over the various costs associated with buying a home. It's risky to be responsible for owning a home when you have very little financial reserves and equity even if its possible to buy with very little down. You may want to put together a plan to purchase and what you need to do to get there even if its not right away. ... more
0 votes 20 answers Share Flag
Mon Apr 15, 2013
Pacita Dimacali answered:
If you'll google Oakland Property Management companies, you'll have a few choices or rental agencies. Start there.

https://www.google.com/search?q=oakland+property+management+companies&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a&channel=fflb ... more
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Sun Apr 14, 2013
Pacita Dimacali answered:
Your best bet is to work with a rental agent from a property management company who can help you find a suitable location.

If you go to Craigslist, you can find several rental agents posting their listings. Or google oakland property management companies. Choose one or two to talk with.

Also, not all rentals show up on apartments.com or homes.com. And not all rentals are apartments. I just rented my duplex to a nice lady with a medium-sized dog...and she found my place through the rental agency I used to publicize my vacancy.

Also, you may want to consider other cities besides Oakland, such as Oakland, Alameda, Berkeley --- all of which offer commuting options.
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Fri Apr 12, 2013
Sean Schwilling answered:
In general, home owners get the best return on investment for money spent on Kitchens & Bathrooms.
However, simple inexpensive improvements in the yard can result in significantly higher offers when selling. Contact me at your convenience for a no obligation consultation. 510-409-6946.
Sean Schwilling @ Your Service.
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Fri May 10, 2013
Darrin Tinsley answered:
In my opinion No. New ARM account for a far smaller portion of total loans and the underwriting standards are much higher. Not to say that there will not be more forclosures in the future I just do not believe we will see a wave. ... more
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Mon Apr 15, 2013
Antoine Pirson answered:
Oakland cannot be generalized. There are many very good area's in Oakland, most San Franciscans may not know. What is a great, good or average or bad area, depends on your personal requirements, and if you want to live in the property or not. You should really interview an agent, and talk it through.
A
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Thu Sep 8, 2016
Ron Thomas answered:
You GOOGLE "storage, oakland"
or you can let your fingers do the walking thru the Yellow Pages.
New ideas!
0 votes 21 answers Share Flag
Tue Apr 9, 2013
Martha3 answered:
Maybe when you go check it out, have friends call you and make calls? This is a tough one...
0 votes 1 answer Share Flag
Wed Apr 17, 2013
Cassandra M. Bickel answered:
It really depends on the landlord or the management company. Some will make them go thru the entire application and background process. Some are more flexible.

Cassandra Bickel, REALTOR ... more
0 votes 5 answers Share Flag
Wed Apr 17, 2013
Antoine Pirson answered:
That depends on the agreement in place and the time given for the tenant to move out. Being the 1st of the month has no real value of anything as a cut off date. Is the notice 30 days or 60 days, and why did the tenant (have to) leave? Was tenant still in first 12 months lease? Is a in rent control? etc, etc. Become a member of EBRHA. Good for all owner.
A
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Fri Nov 14, 2014
Don Tepper answered:
No, though a lawyer can be useful.

In some areas of the country (as I understand it, the New York metro area, for instance), lawyers are almost always involved in the process. In other areas of the country, they very rarely are. If you feel more comfortable having a lawyer review the documents, by all means do so. And if there's anything particularly odd or unusual about the transaction, you definitely should.

Hope that helps.
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0 votes 7 answers Share Flag
Thu Apr 11, 2013
Ron Thomas answered:
Well, it's been Ok for 80 years.
And it's "Grandfathered" in.
You might want to a historical expert before you do anything; maybe This Old House would be interested, or HGTV.
0 votes 7 answers Share Flag
Mon Apr 8, 2013
Jackie Care answered:
The market is going up so many sellers are listing based on old data and buyers currently feel they need to overbid as thats been the trend in competition in a rising market. If a seller prices at a higher (maybe market) price then they may not get interest as buyers expect to have to bid more.
If it was a very recent sale in the same building then those are often the best indicator of potential value, and this is one factor
an appraiser would look at. We dont have a large amount of this type of housing in the east bay. Do make sure you qualify for this type of purchase, I believe it is probably based on income. I've heard of some fallout recently. Your buyers agent and your lender should be able to guide you.
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Sun Apr 7, 2013
The Medford Team answered:
What is your question? .
0 votes 3 answers Share Flag
Fri Apr 5, 2013
Deborah Miller answered:
M2aj - I am in the NC Market, but I have had appraisers for a FHA loan require flooring be repaired, windows be painted (and I even painted the exterior of the windows) to get this completed myself. I have even had them state that the toilet tank lid needed replacing. Typically here a FHA loan may only have 3.5% down on the home making it have a larger loan and they will be stricter with that property than one that is conventional with more equity in the home. Even though you are in California I imagine you will have similar experiences. I would not overly worry, Generally your buyer's agent and the seller's agent are going to work toward getting what is required when possible so that the lender will fund the loan so that the sale will go forward for their clients. I hope this is helpful.

Deborah Rigsbee Miller, Real Estate Broker
Coldwell Banker
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