Thoughts and listings about Oakland Homes and Oakland Condos

Whether you are searching for an Oakland home, perhaps in Redwood Heights or Rockridge , there are four items that you may want to consider that are often overlooked when viewing potential homes.  Here are things to pay attention to:

1. The Parking Situation:  In many of the older Oakland neighborhoods, street parking is a challenge. Many of these homes were built when the family had only one car.  Today, with family teens getting their own cars, one home can require 2-3 parking spaces. It is often something that is not considered when viewing the home initially.  It is important to check to see if your car fits into the garage of the house, as well, so you can be assured of at least one parking spot in addition to street spaces.

2. Your Commute:…

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When buying your home in the Oakland Rockridge area, or the Redwood Heights, or even the Trestle Glen area, you will find that some things are common among all home purchases.  It is important that you place yourself in the best possible position to purchase the home that you decide you want to have.  Here are some suggestions to put you at the top of the list:

1. Do All Your Financial Homework First--Make sure that you have enough funds to qualify for that purchase.  The rule of thumb followed by most lenders is that your total debts including housing costs, should be no more that 38% of your gross income(before taxes), and your ultimate housing debt alone should be no more than 33% of your gross income(before taxes). While there are other issues,…

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Nothing can be more shocking or discouraging than to plan to purchase your perfect home, and find out that the lenders have rejected your application because you have some credit problems.  It is entirely possible that you may not know that you have them, because you have not checked your credit in a long time, or at all.  Many new buyers are unsure about how to go about it, or have heard conflicting reports about doing so.

Whether you are buying a Piedmont home, an Oakland home, or any home, you need to know where you stand financially.  Even if you have been paying all your bills on time,  and not exceeding your credit limits, there may be items in your report that are there due to the fact that they may have been incorrectly entered by the credit…

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It would be ideal if you had plenty of time and money to upgrade your Oakland home before you put it up for sale.  Realistically, the odds are that you might not have either one.  If it is important to get your house on the market in a short time period, and still be able to make it attractive to potential buyers, there are some ways that are flexible in terms of both time and money. 

Four Quick and Reasonably Priced Ways to Upgrade Your Home:

a. Paint Your House--One of the quickest, and most effective ways to give a facelift to a tired home is by using paint.  You can choose to paint all the rooms, or some of the rooms, or just concentrate on the exterior trim.  That is the appeal of paint. Take a complete tour of your home, and look at it as if…

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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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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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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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If you are a senior citizen, 55 years or older, and are considering selling your home in Alameda county, you may have surprising tax benefits waiting for you.

Normally, if seniors have been in their home for a long time, and are enjoying the tax benefits of Proposition 13, they have had their current home assessed at a very low yearly tax rate.  However, when considering selling their current home, and moving into another, perhaps smaller home, they may experience what could be called "sticker shock" when they see the property taxes on the homes in the marketplace today.  These taxes could be considerably higher than what they are used to, and often for less property in terms of size.  

A solution has been offered in the form of California…

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As you begin your search for that perfect Tudor style Oakland home in the hills, there is always the concern about whether or not you will qualify financially, so that you can buy it.  This is not uncommon concern, and below are some tips on how to analyze where you are financially, and get a sense of just "how much home" you will be able to afford.  While it is not the final say, and there are many more elements involved, it will give you a general sense of what the banks will be looking for. 

Overall, the lenders are concerned about three things regarding future borrowers:

1. Credit Rating: In an earlier blog, on July 13th, I wrote a detailed blog on how a credit rating is arrived at.  But, in quick summary form, a credit rating is based on a FICO…

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