Crime and Demographic Statistics for Oakland, California

March 11th, 2008

I often get questions from prospective Buyers in the Oakland California real estate area about crime reports and demographic data. Crime reports are a touchy subject. I often get, “is this neighborhood safe?” Safe is subjective. The best source for that information is of course the city of Oakland Police department. That will give you […]

What Does “AS-IS” Really Mean?

February 25th, 2008

Multiple Offers in this Market?

February 17th, 2008

Contrary to what you might read in the San Francisco Chronicle some Oakland, California real estate listings are still generating multiple offers. Some are even selling substantially over their listing price. Up until early 2006 aprox. 75% of the properties on the market were selling with more than one offer. Now days it’s more like […]

Ugly Homes Are Ugly Again

February 11th, 2008

I heard an agent say the other day “Ugly homes are ugly again.” After laughing a bit I realized just how true that statement is. For a long time Buyers were willing to overlook pretty much everything. They were just happy to get the house. These days Buyers have more of an opportunity to be […]

Oakland Home Sales Performance 2006 vs. 2007

February 7th, 2008

This sheet shows a 2006 vs. 2007 year over year comparison of single family homes real estate sales in the better parts of Oakland and the Oakland Hills area of California.

The Components of a Raised Perimeter Foundation

February 6th, 2008

Most homes in the Oakland Hills are built on raised perimeter foundations. When a home inspector or a pest inspector makes an inspection they will often call out terms that don’t mean anything to the average Buyer or Seller. The photo (above) details the components of your foundation from the floorboards down to the dirt […]

Inspection Contingencies

February 5th, 2008

One of the single most important considerations when purchasing a home is knowing the physical condition before you remove your contingencies. The current version of the California purchase contract provides a buyer with an unconditional “OUT” of the contract at any time before they remove their inspection contingency. An inspection contingency time period is for […]

Pest Control Inspections

January 7th, 2008

In our local (Oakland) marketplace Its customary for a Seller to hire a local licensed pest control inspector to perform an inspection of the property before putting it on the market. The term “Pest inspection” conjures up images of bugs. Well, that’s a part of it. A pest inspection is a look at all of […]

What the Heck are Loan Points?

January 5th, 2008

As interest rates go up, more and more Buyers are choosing to pay points to obtain their chosen loans. You may be asking, What the heck are loan points and why would I pay them? Points equate to a fee by the lender. 1 point = 1%. When you pay a point on a loan […]

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