One of the jobs of Fannie Mae and Freddie Mac is to guarantee home loans to lenders who make them.  When loans are made through either of these entities, the lender can feel safe that through these agencies their funds will be insured and guaranteed against default by their borrowers.

These agencies do not insure these loans for free, however.  They, like any other insurer, charge the lenders a fee for this insurance.  The fees vary from year to year, and are called "guarantee fees" (g-fees). As announced last week by the Federal Housing Finance Agency (who regulates both agencies), a new increase is due to go into effect between November 1st and December 1st of this year.  It is estimated to be a 0.5 percent increase in the mortgage rates no matter…

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Tilden Park, part of the large East Bay Park System, has been a favorite of S. F.Bay Area families for many years.  With its welcoming trees and greenery that house its varied wildlife, it is always a new adventure for families each time they visit.  While it has many things for adults to do, there are some interesting things that will hold children's attention as well. 

One of the most popular attractions is the Merry-Go-Round.  This delightful attraction, complete with beautifully carved, and handsomely painted animals to ride, along with wonderful calliope music, is a joy for children and adults.  Merry-go-rounds are becoming increasingly rare, so this is a unique treat.  It is open only on the weekends in the Fall, and charges a fee for the rides.

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If it is important to you to sell your Oakland home quickly in this slower economy, there are many things that you can do to engage a buyer into considering your home first over the competition.  Most of the suggestions revolve around some form of financial reward. If you are in a financial position to do one or more of these things, you may be pleased at the response. While this is by no means a complete list, it provides some ideas.

A Few Ideas to Consider In Motivating an Interested Buyer:

a. Offer to Pay the Closing Costs: Closing costs are all the fees associated with the purchase of the home.  Fees are assessed by the escrow company, the lender, the county, etc..  While it is traditional for you, as the seller, to purchase title insurance on…

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Recently, we discussed a number of issues to consider when touring a Berkeley home Open House.  They were centered around the condition of the home.  This time we will consider additional questions that will help you decide if this home will be a comfortable fit for you and your family.

a. Ask About Storage and Growth Space: Everyone needs storage space. Having lots of space is a real asset when considering a home--especially if you have a family.  Often, storage space is not immediately visible on the tour.  Some rooms or closets may be located in places other than the main floors.  Ask about the attic space, extra basement rooms, and all about the garage units.  Can you grow up or down?  How practical will that be financially?

b. Ask About What Is…

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When homes are for sale, the listing will state that there are a certain number rooms in the home, and itemizes the number of bedrooms and baths.  One of the most overlooked ways to add appeal to the house, and make it appear larger, it to devote time to developing and expanding the backyard patio.  With a little planning and effort, it can become, in essence, an additional room for use by the family, especially with the moderate weather of Alameda homes and Alameda Bay Farm Island homes.  Most home developers have recognized this concept, and have designed a means of bringing the outdoors in, and by the use of large sliding glass doors to the outside patio or seating area, plus the other clever techniques listed below.

Here Are Some Ideas to Expand…

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When planning to buy a home, most potential buyers begin to search for homes on the Internet.  They will locate the area-perhaps considering Berkeley homes-and then isolate the specific neighborhood to investigate.  The traditional Open House format is an ideal way to have some idea about what is available in their price range.  While a nice flyer about the home is always helpful, touring a home that interests you is an even better way to evaluate your possibilities.

This is one of a few articles that will be written as to what to look for when touring an Open House.  This one stresses asking about the condition of the home. This is the time to ask questions and get answers.

Items to Ask About the Condition of the Home:

1. What is the condition of…

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There are so many homes in the San Francisco Bay area that are located on, or adjacent to, some form of water.  They could be located on a small estuary with  Alameda homes, or in Alameda Bay Farm Island homes facing the bay. They could be alongside a stream in an Oakland hills home, or right on the ocean in San Francisco. 

With all the many options, it is important to consider the elements that surround a home purchase adjacent to water.  Generally, these homes are in demand because they are often quite appealing, so purchasing one becomes a bit more expensive, hence the need to make sure that you get the best value for your money.

The Pluses of Purchasing a Home On The Water:

1. The presence of water in any form is prized because it is a soothing,…

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One of the most important steps in preparing to sell your Oakland home is to price it correctly from the outset.  Putting too high a price on your home is the fastest way to have it sit for months on end, and have potential broker and buyer interest dwindle as the weeks wear on.  Many sellers already have an unrealistic price in mind before they even begin to contact a broker to sell their home. Below are some ideas to assist in that consideration.

Here Are A Few Steps To Take When First Deciding How to Price Your Home:

1. Do Your Homework First:  With a wealth of web sites devoted to real estate properties for sale, it is impossible not to locate information about home prices in your market area. The Sunday newspaper, every real estate brokerage…

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It is true, when presenting your Berkeley home to future buyers, that first impressions are the most lasting.  That is why it is so important to have all of your potential issues dealt with before you invite them to tour your home. I, as you agent, will suggest many simple and easy tips to make your home extra appealing, but there are some basic things that will always need attention. 

Below are suggestions to deal with the most common mistakes in failing to prepare your home for showing to potential buyers:

a. Deal With Your Plants and Gardens.- Make sure that the dead plants are removed, trees are trimmed and old branches removed. Consult with your nurseryman to see what plants are in season, and will be for a few months, and plant them.  It is one…

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In considering the affordability of your Berkeley home, you tend to focus on the sale price, and then the calculated monthly mortgage payment.  While this is perfectly normal, it is important to be aware of other, unexpected costs that will occur as you move towards finalizing the purchase.  Money should be set aside to cover whatever may develop. While not all of these things will apply to your situation, you should be aware of them as possibilities.  Additionally, some of these costs and fees are often negotiated between the buyer and seller, so not all will apply to the buyer, only. Here is a good summary:

a. Professional Home Inspection Fees: It is a wise idea to pay for and have the home thoroughly inspected before making the final purchase.  Costs…

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