Acres: .31| Property Description: |
| Great Potential! Price Reduced!!!hurry!!!won't Last!!awesome View!do Not Miss This Great Buy! Already Developed Residential Area,Convenient Location,Major Commercial & Residential Development Nearby,Close To All-Shopping,Fwy 60,Restaurants,Golf Course..... Custom Build Your Own Dream Home Your Style..... |
Pre-approval is a very simple process that many homeowners fail to take advantage of. While it doesn't cost or obligate you to anything, pre-approval gives you a significant advantage when you put an offer on the home you want to purchase because you know exactly how much house you can afford, and you already have the green light from your lending institution. With a pre-approved mortgage, your offer will be viewed far more favorably by a seller - sometimes even if it's a little lower than another offer that's contingent on financing. Don't fail to take this important step.
Your biggest dilemma when buying and selling is deciding which to do first. Point number 3 above advises you to sell first. However there are ways to eliminate this dilemma altogether. Some agents offer a Guaranteed Sale Trade-Up Program that actually takes the problem away from you entirely by guaranteeing the sale of your present home before you take possession of your next one. If you find a home you wish to purchase and have not sold your current home yet, they will buy your home from you themselves so you can make your move free of stress and worry.
With two major transactions to coordinate together with all the people involved such as mortgage experts, appraisers, lawyers, loan officers, title company representatives, home inspectors or pest inspectors the chances of mix-ups and miscommunication go up dramatically. To avoid a logistical nightmare ensure you work closely with your agent.
| Features: | AP,CR,TK |
| Association Pool,Cc And R's,Turnkey | |
| LP Excl: | |
| Description: | Perfect Condition. No Need To Review. Everything Is Upgrade And Remodeled. Granite Bath Sink, Hard Wood Floor, New Paint, New Kitchen Cabinet And Much More. Tile Floor In Both Bathroom. Convient Location To Shopping Center, Easy Access To Fwy. |
| Bedrooms: | 3 |
| Total Baths: | 3 |
| Full Baths: | 2 |
| 1/2 Baths: | 1 |
| Built: | 1989 |
| Square Feet: | 1,546 |
| Lot Size: |
If you are a homeowner, you're probably all too familiar with real estate property taxes. If you are looking to buy a home, you need to acquaint yourself with what such taxes are all about.
Property tax is used for the needs of a specific area ? whether it's a town, county, village, or city ? to pay for everything from firefighters? salaries to road repairs to improving the schools. The tax is determined by combining the property tax rate with the assessment of the property as conducted by an authorized assessor. Therefore, if you move into a community with an eight percent property tax rate and your home is assessed at $300,000, your property tax would be $24,000 ($300,000 x 8 percent). While the tax rate is set, the assessment is subjective. The assessor can value a property based on a number of factors including, but not exclusive, to:
The sale price of similar properties in the area; The cost necessary to replace the property; The potential value of the property if it is used to make money through rental, sale, or other legal and approved means; The historical value of the property.
Therefore, you can contest the assessment of a piece of property by contacting your local tax assessment office or tax board. These offices can also provide information on how to go about such a process. But first, talk with your neighbors and find out at what prices their homes are valued. Also talk with recent buyers, sellers, and realtors to get an idea of what the assessments and property taxes are for other homeowners in your neighborhood.
The days of calling your local realtor to find out what your home is worth are falling behind us. Real Estate Agents typically research the values of properties that are currently on the market, and others that have sold in the past in order to come up with an appropriate value for your home. This method of using a comparable market analysis has begun to see competition from several online technologies.
As technology improves, the tools we use to find the value of a property get better and better. Finding comps (comparable data) is now as easy as entering your address into a form. Beware that many of these services aren't as accurate as usng a professional, but if used together, they can help determine an approximate value range without using a pro.
However, there are definite benefits to offering month-to-month leases. Here are just a few:
1. You can attract more tenants. Many prospective tenants do not want to be tied to a long lease. A month-to-month rental agreement is much more attractive to first-time renters, college students, renters who may be transferred or travel extensively, and renters who just prefer avoiding a long-term commitment. Although this may mean a higher rate of tenant turnover, you may reduce vacancy rates by catering to this type of tenant.
2. It is easier to identify problem tenants and take action quickly. Without a long-term lease, getting rid of a problem tenant is much easier. In most states, all you need to do to terminate a month-to-month agreement is give written notice (usually 30 days). (Note, however, that some local laws prevent evictions without good causes.)
3. It is easier to raise the rent. When you have a set lease period, you cannot raise your tenant's rent until the lease term is over. If your expenses go up during this period, your profit margin is reduced. A month-to-month lease allows you to increase rental rates when you need to, instead of waiting for a lease to expire.
You can also charge more for monthly rents. People are more likely to pay more for rent if they are not worried about maintaining this amount over a long period of time. For some landlords, higher rent amounts can make up for the lack of security in a month-to-month arrangement.
4. You can maximize your success in certain areas. If your rental property is in a location that appeals to vacationers, college students, or other short-term renters, a month-to-month lease can make your property more desirable.
Month-to-month leases may not offer the security of a long-term lease, but they can make your rental property more attractive to a variety of potential tenants. This can help decrease your vacancy rates, limit your damages, and provide a steady stream of income.
Secured - Current Year
Tax levied on secured property pursuant to the revenue and taxation code.
Unsecured - Current Year
Tax levied on all personal property not secured by real property held in title by the same owner.Due to the transitory nature of unsecured property, a tax is levied immediately after assessed values are determined.
Prior Year Uncollected
Taxes paid in the current year which were due in a prior year.
Interest and Penalties
Interest and penalties charged for the late payment of property taxes.
OTHER TAXES
Sales and Use Tax
Of the 7% sales tax levied by the State of California, the City receives 1% of the amount collected within the city limits.
Transient Occupancy Tax
These revenues are received on a monthly basis from the hotels in the City.The hotels are required to pay a 10% tax based on the amount of their room rental revenues.
Mortgage lenders are tightening standards, even for borrowers with strong credit. Here are some tips:
• Try to make at least a 5% down payment.The 30-year fixed-rate average edged up to 6.26 percent, and the 15-year fixed rate rose to 5.93 percent. The 1-year adjustable, however, dipped to 5.63 percent.
The 30-year Treasury bond yield was down at 5 percent.
Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.
Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.
In other economic news, the Dow Jones Industrial Average lost 3.01 points, or 0.02 percent, finishing at 13,236.53. The Nasdaq was down 2.65 points, or 0.1 percent, closing at 2,542.24.
Understand first of all that there IS a difference between price and value. Price is the amount you are asking for the property. Value is buyer perceived, and this perception of value is influenced by many factors such as location, features, condition, comparison to other purchase option, etc. By attending to details that can have a positive impact on the value, sellers can significantly increase their chance of attracting qualified buyers willing to pay the asking price.
Understand first of all that there IS a difference between price and value. Price is the amount you are asking for the property. Value is buyer perceived, and this perception of value is influenced by many factors such as location, features, condition, comparison to other purchase option, etc. By attending to details that can have a positive impact on the value, sellers can significantly increase their chance of attracting qualified buyers willing to pay the asking price.
Knowing the key reasons many home sellers elect to sell "as is," home buyers can benefit from such sales if they know how to protect themselves.
The best way for a buyer to protect against an unscrupulous seller who "forgot" to disclose a serious but known home defect is for the buyer to include a professional inspection contingency clause in the purchase offer.
Buyers of every house and condominium should include such an inspection clause making the purchase offer contingent on the buyer's approval of their professional home inspector's report. That means, after the home seller accepts the buyer's purchase offer, the buyer hires a professional inspector and then approves or disapproves their written report.
Home buyers should be wary of inspectors recommended by the real estate agent. Such an inspector might be known as "easy" and not a "deal killer." Ask such inspectors recommended by a realty agent about their experience, background and professional memberships.
An excellent credential is an experienced independent inspector who belongs to one of the professional home inspections organizations.
| Bedrooms: | 4 |
| Baths: | 3.00/ |
| Built: | 1977 |
| Square Feet: | 2,077 |
| Lot Size: | 6,578 |
Buyers benefit most when staying in home long term
Given the recent negative press about the state of the residential real estate market, it's understandable that buyers would be reluctant to offer more than the asking price. Yet, some buyers are finding that a list-price offer is not enough. Multiple offers are making a comeback in some markets.
A couple from San Francisco, who had resolved to pay no more than the list price, is now resigned to do so for the right property. They were surprised to find that there were multiple buyers seriously interested in each of the first three listings they considered buying. The one they chose to offer on received three offers. The winning bid was for $10,000 more than they offered.
Exhausted and disappointed from the experience, the San Francisco couple realized that if they wanted to buy a good house in their first-choice neighborhood, they would have to be prepared to compete.
Some buyers in this situation would decide to wait to buy until there are more listings and fewer buyers. A downside of this approach is that waiting in a market that's short on inventory could mean paying a higher price later.
Although appreciation has been flat to negative in many areas of the country, there are pockets of the market -- like the starter-home markets in Oakland and Berkeley, Calif., and Brooklyn, N.Y. -- where there aren't enough homes for sale to satisfy the demand. This tends to put an upward pressure on prices.
HOUSE HUNTING TIP: Does it make sense to pay over the asking price in a market that could soften further? The answer depends on how much over asking you have to pay and how long you plan to own the property.
Some sellers are still pricing their homes low to stimulate buyer interest. In this case, paying over the asking price may not mean paying over market value. Check the sale price of the most recent comparable sales in the area to determine if paying over asking is too much. Your real estate agent can help you with this.
Even if a listing is fairly priced, paying more might make sense depending on your circumstances. If the house will serve your long-term needs and you're confident that you won't be moving for five or 10 years, paying an extra $10,000 is probably worth it. However, if your future is uncertain, it could be risky to pay more than the asking price.
A job transfer that forces you to sell in a soft market soon after buying, could leave you in a precarious position -- particularly if you financed the purchase with a mortgage for 100 percent of the price. Unless you have financial assistance from your employer, you might have to pull money out of savings to cover your selling costs. If the value of your home has declined you might not be able to sell for enough to pay back the mortgage.
Another factor to consider before offering more than the list price is whether the house will appraise for your offer price. Typically, a lender's mortgage commitment is conditioned on an appraisal of the property that substantiates that the buyer is not overpaying. Most lenders require that the appraisal report include three comparable listings from the neighborhood that sold within the past six months.
Due to the general slowdown in the housing market, some lenders are tightening up on their appraisal requirements. Recently, an appraiser who was appraising a property in Oakland's Upper Rockridge neighborhood was instructed by the lender to use comparable sales from the last three, not the last six, months.
THE CLOSING: To protect yourself, include an appraisal contingency in your purchase offer so that you won't risk losing your deposit should you back out of the contract because the property doesn't appraise for the purchase price.
