Thoughts and listings about Oakland Homes and Oakland Condos

As the result of a recently published analysis of various housing markets, Zillow-a multi use real estate web site, has concluded that the San Francisco Metropolitan Area is the second best area in the United States for home sellers.  The first area is the San Jose Metropolitan Area-not too far away.

Since the San Francisco Metropolitan Area, by definition, includes Oakland homes, Piedmont homes and other East Bay cities, that is encouraging news for those making plans to sell a home in our area. 

The criteria, for defining a seller's market, according to Zillow, is "one where sellers are more likely to sell their home for close to asking price, and where listings spend less time on the market."

Obviously, this situation varies from city to city,…

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One of the simplest, yet hardest things for sellers of Oakland homes to consider when preparing their home to be shown to potential buyers is the concept of "decluttering".  I, as your agent,  will encourage sellers to go through their house and begin to remove unnecessary items from each and every room in order to make them open and appealing when being viewed.  While this sounds simple, it is often a very difficult thing to carry through, because of the emotional attachment that sellers have to so many items located there.

Why bother?  Why is it important?  Why do all that work?  There are two reasons:

1. Buyers Need to Envision How The Home Fits Their Needs:  You are selling a home to potential buyers, and they must be able to envision your home as…

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Sooner or later, every buyer has to submit information to a lender regarding their credit history.  This information will be critical as a means by which a decision will be made as to whether the potential buyer will qualify for the loan to purchase their future home.  This is a time that makes many people anxious because they are not quite sure how their credit is evaluated. So, whether you are considering a Piedmont home or an Oakland home, the format remains the same. 

Right now, 90% of the largest banks use what is called a FICO score to make that decision.  This FICO score is used throughout the industry to determine your mortgage rate, as well as your car loan and your credit card monthly interest fee. 

This credit rating is a number that is…

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While many Piedmont and Oakland families know about Children's Fairyland on the shores of Lake Merritt in Oakland, many others, in nearby cities have yet to discover it's delights.

Originally established in 1948 by local businessman and nurseryman Arthur Navelet, it was conceived with the idea of using Lake Merritt as a background setting for a storybook theme park.  Navelet took his concept to the Lake Merritt Breakfast Club, and, with their support, then the support of the city, and funds from promotional activities, a total of $50,000.00 was raised to begin the construction of the magical family park.  The goal was to create fairytale and storybook sets based on stories and books familiar to children.

It opened in 1950, and admission fees ranged…

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In Part 1, we discussed the history and development of the HAFA program, and talked about short sales.  As of June, 2012, a new version of this program has come online.  It may be of interest to Oakland and Piedmont residents whom I assist.

THE PROPOSED SOLUTION-NEWER VERSION-If the home involved is financed by Fannie Mae or Freddie Mac, the homeowner will benefit from some new guidelines:

a. Under the new rules, servicers (lenders) will have 30 days to review and respond to all short sale offers or requests.  If they find that they will need more than these 30 days, they must provide the borrower with weekly updates, and furnish a final response within 60 days.

b. During the above 60 days, the lender must tell the borrower whether a short sale will…

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THE PROBLEM: Over the last few years, Americans have been made aware of what the words "Housing Crises" means.  All over the United States, due to the sagging economy, coupled with poorly regulated lending policies, homeowners are discovering that what they supposed their home's value to be is no longer correct. 

In the past, the American dream of purchasing a house, staying in it for a while, then selling it and using it's increased equity to move up to the next level of ownership was a realistic and reasonable expectation.  The simple fact is that, for quite a while now, this has been unattainable for a disturbing segment of the Oakland-East Bay homeowners. 

Complicating this issue are the huge amount of regulations and rulings at the Federal level…

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When potential buyers tour your Rockridge home, they are looking for many things.  One of the most important is space.  The more space you can show, the larger, and more appealing your home becomes.  Your goal should be to present an open, uncluttered home that allows them to envision their things in that space, and encourage them to want to live there.

 Homeowners create their home to suit their needs.  After living in that house for a long time, they may not see how cluttered it has become.  Very often, as the years go on, rooms gather much more furniture and accessories than are necessary.  Things become a jumble of style and function.  While the homeowner has learned to walk around narrow spaces, or ignore the mismatches, the possible buyers will…

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In Part 1, we discussed the importance of gathering all your records together to be prepared to discuss and analyze all the factors that will be involved in pricing your Oakland home for sale. However, as you go over all these replacement and repair issues, you will realize that there may be potential problems in preparing your home for sale.  Any serious problems will have to be revealed to future buyers. 

1. Deal With Issues That Must Be Disclosed to Potential Buyers

Most homes have things that need to be addressed--cracked water pipes in the back yard, a chimney that needs attention, or hidden structural cracks that can cause future problems.  Many of these things have come about due to deferred maintenance, or lack of funds to fix them. California…

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1. Sell Your Home Faster By Following the Boy Scout Motto "Be Prepared!"

Once you have selected me as your Oakland real estate agent, you will be asked to collect a lot of information to assist in determining the ultimate sales price of your home.  Some of this information will take time to collect and organize, so begin as early as possible to do your research.  Doing this will save a great deal of preparation time, and we can get your home on the market much sooner.  Even better, with complete and comprehensive information, you can significantly increase the interest in your home because you can prove and justify it's value.

a. Regarding Repairs and Replacements: Most homeowners have repaired or replaced something in the years that they have lived…

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Now that the weather is clearing up, and spring is in full bloom, there is no better time to check out some of the many wonderful Berkeley and Oakland home and garden tours Here are a couple to start you off.  On Sunday, May 2 the Berkeley Heritage Julia Morgan Spring House Tour and Reception takes place. Tour starts at 1:00 at St. Clements Episcopal Church in Berkeley. The tour will highlight some of Morgan's early residential work. Another event to check out is the Celebrity Roses 63rd Annual East Bay Rose Society Show. This takes place Sunday, May 16 1:00 at Oakland's Lakeside Garden Center-Lake Merritt. A great chance to stroll through an abundance of roses!.  Many of the tours taking place this month benefit charity so you can be inspired on…

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