Whether you do the transaction with an agent or an attorney, make sure you each have your own agent or attorney. NEVER share an attorney or an agent, even if you have already worked out the general terms.
The benefit of going with an attorney is that they are overall usually cheaper than agents, however, they also don't provide many of the services an agent provides. They're great with the contracts, but most (but certainly not all) know little about inspections.
If you can each get your own agent for less than an attorney, that may give you the best overall value.... more
Hello Terry, the first step is to pick out a home inspector in your area. Call around and ask at least 2-3 agents in the area who they recommend.Like any profession there are some that are good and some that are GREAT.If you are doing it yourself and for some strange reason don't want to use a qualified home inspector you can probably start by looking over the outside looking at things like the roof...how many years does it have left? The central Air and heat system how do they look how old are they? Most systems only last so long so if your roof or your air is 20+ years old there is a good chance that they might need replaced soon...so you have to factor that in...A truly excellent home inspector will pay for himself over and over again in what he finds....it's always money well spent in my opinion to hire a professional to do the job....
After all if you needed surgery would you do it yourself or go to the Doctor? The money saved could end up costing you 10x if you missed something very important that the inspector would have found....
Good luck to you!
Congratulations on your new home.
You should call the Alameda County office since they will be answer that question. Agents cannot answer that question since it is not something we have access to.
Not sure what grade(s) your children are; however, a very useful tool that will help look at schools is www.SchoolAndHousing.com
Based on property address, this site provides attendance area schools (Public, Private and Daycares) along with useful statistics and other information you should appreciate. Note: Call the School District to CONFIRM the schools the property will feed to before making an offer!
Just as a data point:
You have not provided any specifics on where you are looking so I will just assume Castro Valley (from your post). Additionally, I'll assume a conventional 5% down loan; hence, a property selling for ~$421K, ~$21K down with a loan of ~$400K.
As of Jan 1st of 2013, to date there have been a total of 31 properties sold between $300-$421K. On average, the properties are staying "on market" for 20 days before going into contract. Square footage has ranged from 786 to 2000 SF.
Short Sale: 10
You can buy as soon as you have either saved enough money to make an all cash offer or have rebuilt your credit to get a mortgage loan. If you're looking to finance a purchase, check your current credit reports to see how you're doing.... more
Yes you can purchase again after two years; under the California Mortgage Forgiveness Debt Relief which has been extended until 2014. I have two links that you can go to and read about the forgiveness debt relief laws, one is from the Franchise Tax Board and the other is from the IRS. If you need further info please feel to contact me @ 510-469-3148 or firstname.lastname@example.org. I hope this helps. I can also be contacted through my profile page here on Trulia.
Franchise Tax Board https://www.ftb.ca.gov/aboutFTB/newsroom/Mortgage_Debt_Relief_Law.shtml
IRS http://www.irs.gov/Individuals/The-Mortgage-Forgiveness-Debt-Relief-Act-and-Debt-Cancellation-... more
It isn't the seller that normally backs out of a "short sale" transaction...it's the buyer. With this said, anything is possible however. It the seller and their agent have done their homework they should have a very clear picture of the value of the property and amount owed on it. And you shouldn't overlook the costs associated with selling the property: commission, title, taxes, etc. What I'm saying is that if the seller is legitimately upside down with the property, it's unlikely that the value of the home will appreciate to a number that will correct the problem in the next 3-5 months.
Since your agent knows the specifics of this transaction, he/she would be the best resource to go to for more detailed information.
San Ramon, Dublin and Pleasanton have good schools, upscale neighborhood, and good transportation (close to Bart and Freeways). With 400k loan and 20% down you are looking at 500k property. Please call 925 548 5404 to discuss the possibilities. Thanks Victoria Lukashevsky, Broker... more
I can't just say no, because Trulia doesn't allow one word answers, but the answer is still no. The only thing that you could possibly do is have enough money to put down a huge down payment, and pay a number of points, and you could get a hard money loan, if they are willing to take the risk, and that is even a stretch.... more
What you are looking for in a home is similar to what many buyers want. In this crazy market, sad to say, VA buyers are at a severe disadvantage. The requirements for a VA loan put requirements on a seller and the property that are not present in other types of financing. There requirements make VA buyers less attractive to sellers who can usually find other buyers whose loan structure (or ability to buy with cash) makes it cleaner and easier for the sellers to accept their offers.
Well priced homes in the Castro Valley’s excellent school district are selling strongly with multiple offers being common.
The house to which you linked will be open on Sunday 2-4 and the seller expects offers to be submitted by 2 pm on the 26th.
I hope that you are working with an experienced Realtor. Good luck.... more
There are 16 properties under $200K for sale in all the cities you mentioned.
Note that in addition to the purchase price, you should also factor closing costs which can vary depending on the city's transfer taxes, HOA transfer fees, etc if applicable
Do you have a realtor helping you? If not, that's the first thing you should do -- engage someone to help you find the properties to meet your needs.
I have another client in the same position --- unfortunately, not all the properties that are in his budget range meet his approval. You should consider making some allowances regarding the size, location and condition of the properties. Setting very high expectations may not help in a very competitive market that includes many cash buyers.
Let me know how I can help... more
Schools in Castro Valley are top notch and as such, it is a popular place to live for people with school aged children.
The best way to find out more about homes you've found online in Trulia or anyplace else is to speak directly with a Real Estate Professional that knows the area you're interested. They will sit down with you and discuss your specific needs as you look for a new home AND will save you a lot of time and hassle by looking for properties to present to you rather than the other way around. I would be more than happy to talk to you about your specific needs and help you find the best home for you and your family. If you'd like to know more about a property you saw on Trulia or anywhere else, I welcome you to message me and I can tell you more specifics about the home.
Have a great day!
Yamille Kosowan, Realtor, CDPE, CIAS
Keller Williams Realty
Direct: (925) 272-9141
Cell: (415) 235-7650
Hi Alison, I have lived in Castro Valley for 30 years and our community is growing. I am a Realtor w/Coldwell Banker and would like to talk to you anytime. My email is email@example.com and my phone # is 510-552-2481. Hope to talk to you soon. Carole Parma... more
Depends on what your definition of good is. I believe that area falls under the hayward school district. So if you are thinking to buy in castro valley make sure what school district you want your kids in; if that is your concern. The area isn't bad. The higher up you go the better the area.... more
Hi how are you doing actually I have a house currently for rent in San Leandro but it borders Castro Valley you can email me and I would be happy to give you move information on the house.
email: Bwallace@windermere.com... more
You heard correct. I've lived here in Castro Valley for the past eight years and can assure you that the schools are great crime is very low and the weather is always just a little nicer than other area. There is a new Community Theater, it's centrally located and easy freeway access. There is a wonderful golf course Willow Park and lots of hiking trails. Not sure what else you need to know except to plan a day trip and take a look around town. If you would like a list of current homes available let me know. I hope this helps.