East Bay Realty Pro Blog

What you don't know about real estate can hurt you

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Entries from July 2008

Is your property tax too high?

July 29th, 2008 · No Comments

As time goes on in a buyer’s market with prices continuing to soften, those who purchased in recent years are asking whether their county property tax bill might be too high. If you bought in the past four to five years, this is a distinct possibility.
According to Oakland Council Member Jean Quan’s Web site, the [...]

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Tags: Real Estate · Real Estate Advice

What is a bedroom?

July 28th, 2008 · 1 Comment

For safety reasons, each city or local jurisdiction has specific rules and codes to help identify what is a bedroom. You should always consult with local officials for a definitive determination.
I was on broker’s tour today and reminded of how the “average” agent has little idea of what is and is not a bedroom. Home [...]

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Tags: Real Estate · Real Estate Advice

Oakland’s “green,” state-of-the-art homeless shelter

July 24th, 2008 · No Comments

On any given day, there are more than 6000 homeless people in Alameda County; half are in Oakland. Earlier this year, after a 10-year effort by its Executive Director, Wendy Jackson, the East Oakland Community Project (EOCP), the largest shelter in Alameda County, moved into its new home. It is believed to be the first [...]

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Tags: Community · Environment · Going Green

Our friends lose their house in foreclosure

July 20th, 2008 · 2 Comments

Today was the day our country’s foreclosure crisis became personal. Friends of ours have moved from the home they lived in for almost 20 years. They vacated right before the sheriff was allowed to forcibly evict them. For the past nine months, I have been trying to help them in any way I could, but [...]

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Tags: Real Estate · Real Estate in the News

Oakland Reimbursements for Seismic Retrofitting

July 17th, 2008 · 1 Comment

The City of Oakland just reached the first anniversary of its program to encourage homeowners to seismically strengthen their property in anticipation of “the big one.” What follows is from council member Jean Quan’s web site.
“Now there are two ways the City can assist homeowners seismically strengthen their older homes:
1. New Homeowners–may apply for [...]

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Tags: Adding Value - Gardening/Landscaping/Renovations · Real Estate

What do they mean by “green?”

July 15th, 2008 · 1 Comment

The real estate market is suffering from negative news. Is “going green” on older homes the way to add value?
This led me to do research about what it takes for an existing home to be considered green. Right away, I learned a new word, “greenwashing.” It is defined as promoting “a house as green despite [...]

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Tags: Adding Value - Gardening/Landscaping/Renovations · Environment · Going Green · Real Estate · Real Estate Advice · Real Estate in the News

Why days on market are important to you

July 9th, 2008 · 1 Comment

Lots of people are interested in real estate prices, whether they are thinking about buying, selling, or just curious. To determine current values, Realtors® search for comparable sales, “comps,” in any given neighborhood.
In a buyer’s market, such as we have today, one of the key variables is the CDOM, cumulative days on the market. This [...]

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Tags: Real Estate · Real Estate Advice

There are good reasons to sell now

July 3rd, 2008 · No Comments

With negative news about the real estate market and economy cropping up daily, it might appear that no one should sell his home now. On the contrary, despite the doom and gloom, there are some excellent reasons why selling today could make good sense. Tax advantages and buying for less after selling are just two [...]

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Tags: Real Estate · Real Estate Advice · Real Estate in the News