Is a Condo Right for You?

Condominium

While there are many conveniences and advantages to condo living, there are certainly lifestyle issues a home buyer must take into account to determine if a high-rise or other type of condominium home will meet their high expectations. Here are some insights to help you determine if a condominium is a prudent choice as a… Read More

Property Taxes in Escrow

property tax with currency

Something we often get questions about during a home purchase is how property taxes dealt with through escrow. The buyer and seller are usually each responsible for paying part of the property taxes because of the way the property tax year is set up in California. The buyer is responsible for paying all property taxes… Read More

Growing out of your home?

happiness

I was speaking recently with our mortgage broker about the fact we have several clients who bought their home when they didn’t have children or had one child and now have several children.  They have literally grown out of their home.  Unfortunately, due to the market, their homes are now worth less than when they… Read More

The Contract to Close Process

Offer to Closing

The following are the main steps in the basic contract-to-close process: Offer: Contract proposal from the buyer received by the seller through their agent, extending terms, which, if agreed, form the basis for a sales contract. Acceptance: Seller accepts all proposed terms and conditions and is ready to sign the contract and move toward closing…. Read More

No Money Down Home Purchases are Still Possible

Happy family after buying new home

The most surprising comment that we as realtors hear is: “I cannot buy a home because I don’t have enough money saved up for a down payment.” This comment surprises us, because contrary to popular belief, there are still lots of house purchase options available to average people that do not involve a down payment…. Read More

Buying a For Sale by Owner Home

byownerpicture

We’re often asked: “is it a good idea to buy a home that an owner is selling without a realtor?” The answer to this question is yes if the home is a good buy that meets your needs. The best way to deal with this situation is to treat that house like any other home… Read More

Buying a Home from a Family Member

house

One question that we are often asked is: “can I and should I buy a home from a family member?” The answer to this question is yes if you do it correctly and get help from professionals such as Realtors, lawyers and mortgage brokers as needed. If the relative owns the home outright and has… Read More

Derogatory on your credit? Can you buy?

Credit Score

We have often been asked by buyers who have a bankruptcy, short sale or foreclosure on their credit report how long they need to wait until they can purchase again.  Summit Lending sent us this handy chart which shows what the waiting periods are for all types of loans and situations.  If you have a… Read More

Rental Prices

For Rent Sign & House

We have had quite a few people ask us about rental prices in the Tri-Valley.  One of the side of effects of the decline in prices is trapping families in a home which they have outgrown.  Within the past 7 years, many young couples purchased their home with the intent to buy a bigger home… Read More

Should You Offer Less Than The List Price?

Real Estate

The short answer: If the asking price is much lower than market value, no. If it’s near market or above, generally yes. To often buyers want to offer less than asking regardless of the price and wind up losing the property to a higher bidder, often due to inadequate information and guidance. When you  hire… Read More