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Pleasant Hill : Real Estate Advice

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  • Local Info5
  • Home Buying24
  • Home Selling4
  • Market Conditions1

Activity 36
Fri Dec 17, 2010
Kyle answered:
of course, the more rates rise, it diminishes their purchasing power. However, I believe these forces are very inverse, so when rates go up, you will in fact see prices flat or down to compensate.

Its almost a zero sum game to be honest.
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0 votes 11 answers Share Flag
Thu Mar 31, 2011
Evan Homer answered:
Hi Ami,

There are many great Realtor's out there and you should not be afraid at all to ask questions. That is the only way you are going to get a good feel for the person you are working with. If you are nervous, I would suggest you talk to a few agents and figure out which one best suits you. I can assure you that I deal with all of my clients openly and honestly and if you have any questions or need further assistance, please feel free to contact me.

Evan Homer
(925) 642-5760
eastbayevan@gmail.com

www.evanhomer.com
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0 votes 38 answers Share Flag
Wed Aug 18, 2010
Pacita Dimacali answered:
Are you thinking of buying a house for you to live in, or for an investment to flip or to rent? Yes, there are good buys to be found, depending on your situation and your criteria for what a "good deal" entails.

Where do you work --- and is commuting of importance? Stockton may be cheap, but if you have to spend more than 3 hours a day commuting, that's not a life!

How much are you preapproved to buy based on your income, your credit score?

How much are you paying for rent? Can you buy a home that will result in similar monthly outgo for housing?

Although many cities in the East Bay have seen their share of short sales and foreclosures, we are also seeing many competitive scenarios where homes sell for over list price. Granted that the list prices are down by 20% or more from their peak, the competition for homes in a certain price bracket (under $300K, especially) are stimulating a different kind of buying frenzy. I can't believe it myself that we're back to listings with offer dates!

Since you favor statistics and graphical information, go to www.DQNews.com as well as a view of the interest rates at http://mortgage-x.com/general/indexes/prime.asp

Then go to the Mortgage Center, answer questions that pertain to your situation.....http://loan.yahoo.com/m/mistakes.html

You'll have your answer.

Good luck, whatever you decide.
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0 votes 11 answers Share Flag
Tue Feb 16, 2010
The Hagley Group answered:
How can I help you? I'm a Realtor in the area?
0 votes 4 answers Share Flag
Thu Sep 3, 2009
Johnny Huang, MBA answered:
Read the terms of the auction sale closely. Most of them will want a 5% buyer's premium. This means they will charge that on top of the sales price. You also would most likely need to register up front and have no inspection contingencies. You also will have to close within the timeframe of the auction company, not your lender and would possibly have daily charges for anything over their time period. READ everything carefully!

The sale (if it was done) would affect the FMV of comparables in the area, especially the units within the HOA.
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0 votes 6 answers Share Flag
Fri Aug 27, 2010
Michele Castillo De Almeida answered:
Hi Ariel,
This is the question of the day. Unfortunately, we have no way of knowing at this point if we are at rock bottom. Depending on which analysts you listen to, you will get conflicting information. What we are seeing is that there are multiple buyers on most homes under $500k and homes selling above list price. This is starting to push prices up slightly because there is not enought inventory on the market. As we approach the winter months, we normally see less homes to choose from. In addition, there is talk that interest rates will be creeping up again. With this said, my opinion is that THIS IS THE TIME to buy a home. I believe there is still a window of opportunity to get great deals, find REOS (bank owned properties) and take advantage of the abundance of short sales (some banks seem to be improving their processes so that they are moving a little faster now) at still great interest rates. I would definitely suggest working with a full-time, experienced Realtor because this market can be a bit brutal with multiple offers and you will need a Realtor who will be on top of all new listings and be able to help advise you on how to write offers that have a better chance of being accepted when you are in one of those situations where there are 10+ offers on a home. Please feel free to contact me either via email of cell to discuss the market conditions in more detail. Good luck to you.

Best,

Michele Castillo De Almeida
Realtor/Co-Founder
JSCA Real Estate Group
michele@JSCArealty.com
925.998.0382
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0 votes 13 answers Share Flag
Thu Jun 11, 2009
Ally asked:
I heard that property prices rose in Pleasant Hill rose up after the downtown area was build, and that before that, it was on par with Concord in terms of pricing and desirability. Can ...
0 votes 0 Answers Share Flag
Mon Nov 8, 2010
Glen Mitchell answered:
Did your parents agree to split money now? If they have lived there for 2 of last 5 years they can sell and exclude $500k from capital gains. IE if they didn't make over $500k from the original purchase price they have no taxes due. Then they can give it to whoever or keep what they need for medical care. You would have to check in with your cpa to see how much money they can gift you, but that doesn't have anything to do with the sale of the house. If the house had been a rental then you could exchange part of it for another investment property. Depending on how much capital gains there are you may want to turn it into a rental before selling, I'm guessing though that there aren't enough gains and not something you would prefer to do. Your transaction may have large tax consequences. Do not rely on online info, but hire an accountant who can help you out. If you need referals please contact me.

Glen
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0 votes 9 answers Share Flag
Thu Jun 11, 2009
Suzanne Looker answered:
Hi Bebe,
I would recommend that you speak with a tax specialist. I have one that we personally use along with many of my clients. Please email me offline if you would like his name.

Regards,
Suzanne Looker, slooker@rockcliff.com
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0 votes 4 answers Share Flag
Wed Mar 10, 2010
Johnny Huang, MBA answered:
I'm a young family (a 2 year old and one more coming) that lives (owns a townhouse) in Pleasant Hill and also play in the city softball league. The area you're looking at is a nice area, however Pleasant Hill Rd can get quite busy with traffic. Downtown is changing, but lots to do. The Sunvalley Mall isn't too far away either. I like this town personally. ... more
0 votes 2 answers Share Flag
Tue Jun 23, 2009
Bernard Gibbons answered:
It really depends on the bank but usually no more than a week (but remember that banks don't work Saturday and Sunday).

I wrote an offer for a client on Monday and we got a response yesterday (Thursday).

Assuming you wrote the offer with a real estate agent to represent you (and why wouldn't you?). He should be able to answer that question more helpfully as he will know which bank is involved.

Bernard Gibbons

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Bernard Gibbons, Realtor, e-PRO Certified Internet Specialist
J. Rockcliff Realtors, 15 Railroad Avenue, Danville, CA 94526
Phone (925) 997-1585
bernard@bernardgibbons.com
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0 votes 1 answer Share Flag
Mon Mar 2, 2009
Jeff Miller answered:
Hi Elizabeth,

There are so many factors that go into answering the question "which is a better investment" that I can't really give you a hard and fast answer. However, I think you should consider where are you and your family going to be happier over the next 5 - 7 years? In the older, (charming, I'm assuming ), smaller but renovated, 1 bath house? Or the newer, 50% larger, cookie cutter with 2 1/2 baths townhome? If you weren't going to live in which ever you buy, then your decision should be based on numbers and your crystal ball. But since you're planning on living there, don't forget your happiness.

Good luck.

Jeff Miller, Broker
Bar Harbor, ME
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0 votes 3 answers Share Flag
Fri Nov 8, 2013
Bernard Gibbons answered:
Personally, I like the Left Bank but I believe they are moving to Walnut Creek.

Bernard Gibbons

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Bernard Gibbons, Realtor, e-PRO Certified Internet Specialist
J. Rockcliff Realtors, 15 Railroad Avenue, Danville, CA 94526
Phone (925) 997-1585
bernard@bernardgibbons.com
... more
0 votes 9 answers Share Flag
Wed Aug 18, 2010
John answered:
Unless otherwise agreed in the offer to purchase, the buyer always pays closing costs.
0 votes 5 answers Share Flag
Tue Feb 1, 2011
Peter Teatai Ariki answered:
Hey Jonny,
Typically with these types of carry deals one needs to suck up to the seller basically. I don't know if you had done any numbers to figure out if or how the whole deal will pan out from a cost stand point for the buyer as well as a returns stand point (if any) for the seller. Run some cost scenrios and have the buyer decide as to which is would be more feasiable and then make the offer based on those numbers and scenerios. The seller will respond if he/she has something in front of them. They will look for "whats in there for them". Once you get their side of the deal, you re-run your numbers then check with your buyer to see if it still worth persuing, if so, go ahead and present it again. The key to these types of deals is accomodating the seller first and foremost then meshing the buyers needs in with theirs and you have a win, win situation.......hope this helps ... more
0 votes 4 answers Share Flag
Mon Dec 3, 2007
Jackie Blankenship, M.B.A. answered:
Hi Ray. Yes, this is possible. However, there are a lot of things to consider before making this decision. Depending on your financial deligence, current pmt. structure and what you plan to do with the 2nd property, it may be a great idea. Good luck to you! ... more
0 votes 8 answers Share Flag
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