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Category: Buying A Home

Buying A Home

5 Things to Do As Soon As You Move in Oakland

In all the excitement of moving and trying to get settled in your new home in Oakland, the last thing you want is a honey-do list, right? Some things, however, shouldn’t be put off and need to be taken care of now. So, push the boxes aside for a day or two and let’s get ‘er done! 1. Change the locks Although this may seem like a no-brainer, changing the door locks on a new home is something many homebuyers neglect doing. Hey, when you consider all the little details that need attention, such as changing over the utilities, registering

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Buying A Home

Location, Location, Location: The 3 “Rules” of Real Estate in Oakland

Real estate has three primary rules: Location Location Location When something has to be repeated three times for it to sink in, you know it’s an important issue. And, when it comes to determining a home’s value – now and in the future – location is king. When real estate agents, lenders and appraisers talk about location, however, they aren’t just referring to whether the home sits on a sandy beach. There are many aspects they take into account when determining how a home’s particular location impacts its value. Commute times Studies show that the most expensive housing markets have

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Buying A Home

How to lower your monthly house payment in Oakland

  In Oakland’s hot real estate market, prices are high, and so are monthly mortgage payments. Your monthly mortgage payment, which includes the loan’s principal, interest, property taxes and homeowners insurance, no doubt takes a large chunk of your take-home pay. Most homeowners just live with the pain, despite some concrete steps they can take to lower the payment. It’s not easy, and it does require effort on your part. But, you can lower your monthly house payment. Dump the high interest rate Although mortgage interest rates have been at historic lows, many homeowners bought their homes during periods of

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Buying A Home

How to Survive and Win During Spring & Summer Homebuying in Oakland

We love helping people find and buy homes. We especially love helping first-time buyers learn the ins and outs of the process and the market. However, it can be a daunting process with the competitive market here in Oakland and in the San Francisco Bay Area in General. Working with first-time buyers and those on tight budgets during last spring’s overheated sellers’ market was heartbreaking. So many offers made and so many passed over in favor of higher or all-cash bids. One of the most frequently-asked questions we received was “Aside from increasing the amount of money we’re offering, what

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Buying A Home

Are Online Real Estate Agent Reviews Reliable?

If you’re one of those people who won’t buy a product or use a service until you’ve checked the online reviews, then you are as pleased as we are with the proliferation of review sites. Do you ever wonder if a lot of the glowingly positive reviews are fake? Hey, we don’t blame you – skepticism is healthy. And, thankfully, some sites, such as Yelp, have strict policies to ensure that the reviews are from real people who’ve actually used the product or service. It’s not as easy to find reviews of real estate agents as it is, say, a

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Buying A Home

The Buyer Has Received The Home Inspection Report. Now What?

Negotiating the successful close of a home sale begins with price and contract terms and doesn’t end until the deal closes. One of the most frequently negotiated items, after the aforementioned price and terms, has to do with the home inspection results. They’re also among the most contentious negotiations. Very few home inspections are “clean,” meaning there’s not a thing wrong with the home. And, many of the items mentioned in the reports are minor. Because of this, buyers will almost always either make requests for repairs or request a credit or price reduction to account for the repairs needed.

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Buying A Home

Home Buying 101: The Oakland Edition

I bought my first home when I was 21 years old. I was scared out of my mind and wasn’t sure I was doing the right thing. The home buying process seemed simple enough, yet there were a lot of little steps, and a TON of paperwork. I was extremely fortunate to have had a great real estate agent advocating for me and guiding me through the process. He gave me his honest opinions without being too pushy. And he even entertained my crazy fixer upper ideas. 🙂 Flash forward to today. I’ve now been through the home buying process

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Buying A Home

Multigenerational Housing Tips

The industry that brought you the iconic “location, location, location” has a new one for you: “multigenerational housing.” No, it’s not a new concept, but housing that caters to several generations under one roof is gaining in popularity. We started seeing the demand during the recession, when unemployment propelled younger workers back to Mom and Dad’s house. Then, there’s the fact that millennials are tending to put off marriage and remain at home longer, according to Diana Olick at CNBC. Immigration is also a driver of the multi-gen housing market. “In Asian and Hispanic cultures, multigenerational living is usually the

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Buying A Home

Multi-Family Property Analysis: How Much Would It Cost You To Live In This House?

A few weeks ago, I wrote this Beginner’s Guide to Real Estate Investing in Oakland, in which I detailed how to invest in small multi-family properties using a technique called house hacking, in which you live in one unit and rent out the other(s), having your tenants help pay down your mortgage. However, though it all sounds good in theory, I know that it can be quite daunting to take that first step. How do you find the right property? How do you analyze the numbers to make sure it makes sense? How do you deal with being a landlord?

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Buying A Home

Can You Use Retirement Accounts to Buy a House?

With the median home value in Oakland hovering near $700,000, you might be staring at your latest bank account numbers and looking like this:  There are few things in life more frustrating than that longing to own your own home, combined with the very real fact that your bank account is a bit on the skimpy side. You know that buying your own home is part of #adulting and will help you build equity and stop throwing away money on rent, and on and on. But I totally get it. Saving money for that down payment, especially when you live

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