Tuesday, December 12, 2006

California Real Estate

For the last five years, owners of California real estate have been hitting the ball out of the appreciation ballpark. Central Coast California Real Estate is growing with the fast explosion of technology and the advancements that are made in similar industries. Historically, the real estate trends of California have always been the precursors for the rest of the country.

If you are looking for some real estate in the central or northern area of California you will want to checkout all the different locations and even different types of real estate in the area. Luxury real estate is usually sold at a rate of at least twice the average price of homes in the area. In order to select an appropriate California real estate agent, clients may approach any of the real estate firms or private brokers in the locality or online.

Whether you talk with your local real estate agent or log on to the world wide web to begin your search for your new property, the options are endless for those seeking to own or rent a piece of luxury real estate. Tesoro offers single-level and two-story living in San Jacinto, California and is one of the new real estate developments of JD Pierce. The fact is JD Pierce Company is the one to go to if you are looking for California real estate in community developments that are considered to be top-quality and high magnitude.

Yet the California coast is also the most problematic ground for building a Real Estate anywhere in the whole world. Once you have identified the following key indicators you will have a better grasp of the general trends in California’s real estate market. The California real estate market is one that is watched by people from all over the world.

Let's look at California's Real Estate. All real estate agents in California must be licensed to buy or sell real estate. If you want to find southern California real estate foreclose property its best to use services that make it their business to provide listings.

California is an incredible place to live and real estate prices reflect it. The following list explains the basic rights every buyer has when buying real estate in California. When your Real Estate Agent writes your purchase contract, make sure he marked the right check boxes.

Oakland Real estate Tax: Median Real Estate Taxes (2000) were $1,762 comparing to 1999 Median Family income $ 44,384. Vallejo Real estate Tax: Median Real Estate Taxes (2000) were $1,294 comparing to 1999 Median Family income $ 56,805. Burbank Real estate Tax: Median Real Estate Taxes (2000) were $1,640 comparing to 1999 Median Family income $ 56,767.

Bakersfield Real estate Tax: Median Real Estate Taxes (2000) were $1,422 comparing to 1999 Median Family income $ 45,556. Fremont Real estate Tax: Median Real Estate Taxes (2000) were $2,412 comparing to 1999 Median Family income $ 82,199. San Jose Real estate Tax: Median Real Estate Taxes (2000) were $2,423 compared to 1999 Median Family income $ 74,813.

Does this mean that fewer people are buying real estate or just that there are fewer available since they are all bought up? Kaye Thomas has been selling real estate in Manhattan Beach Ca since 1979. Real estate agents are qualified specialists who are well versed with real estate trading.

In California the market is returning to normal conditions. So what direction is the California Market moving? Anything can be negotiated and becomes binding on the parties who sign the contract; however, there are certain customs which differ from county to county as to who pays what.

Most services charge a small membership fee to access their data base, but by comparison it amounts to nothing compared to driving to the county clerk and recorders office spending hours there finding what you need that you can find out online in minutes. Michael Colucci is a writer for California Real Estate which is part of the Knowledge Search network. Inside Castro Valley Real Estate is a network entirely devoted to real estate information.

Cliff Waldrep is a Real Estate graduate with more then 25 years of experience in the real estate field. You will be amazed at the diversity of his Real Estate knowledge. Subjects from buying and selling real estate, FSBO, Foreclosures, Rehabbing, No Money Down, Real Estate license, Real Estate Property Management, to remodeling your home, and much, much more! You can find many helpful topics at http://www.realestate--ca.com/

Monday, November 20, 2006

Selling Your Home Privately

Selling your home can be a pleasant or very stressful experience! You may wonder if you should sell privately or use a professional real estate agent. In a very hot market you may be able to sell privately, but it is not an easy task.

Knowing what to say to the potential purchaser can sometimes make or break a sale! You have a strong emotional attachment to your home and this alone can make it very hard to remain objective! When people come through your home if you hover over them and appear anxious to sell, the customer may think you are desperate. This could trigger a lower offer. A good agent knows how to talk to the client and bring them to the table with a fair offer.

It is difficult however not to hover over a potential purchaser when you are selling your home yourself. You would not want a buyer to go through your home themselves, as there are criminals out there that will steal valuables while touring your home. They can also case the home to get a feel for where they can easily enter your home later, when they burglarize it. You really do not know who is coming through your door. Agents however do meet with their clients to assess and screen them for their needs. They have records of their names, etc. and stay by their side when going through a home. Much safer!

Buyers feel much more comfortable when the owner is not home. They want to open kitchen cupboards and closet doors to get a feel of the quality and space in these areas. When you accompany them, they may feel apprehensive to do this. Buyers feel they are invading your privacy. You want them to feel at home and at ease and not rush out quickly. This is why agents ask you not to be home (if possible), when they are showing your home.

Knowing what to do to your home to make it more saleable takes a tremendous amount of knowledge. Courses are offered to real estate agents on "staging". This provides agents with the background to advise the potential seller on how to organize and decorate the home inexpensively to get top dollar. Often agents will bring in professional stagers to do just that. This can get you many more thousands of dollars for your home, when professionally done.

For sale by owners often over price their home. Firstly, this is due to the emotional attachment to the home and secondly, not having the training to evaluate a home's worth. There are many variables to consider when pricing a home. Your home could be worth substantially more or less than a similar home on the same street. This can affect your bottom line and lose you many dollars if you appraise your home incorrectly. You really should pay for an appraiser to price your home properly, if you are going it alone! Agents are trained to do proper market assessments of the neighborhood and homes that have recently sold.

Make sure you get a top notch lawyer that specializes in real estate. Because you are not familiar with the legal forms that are required to sell a home all offers should be conditional on your lawyer's approval.

When you sell your home your only mode of advertising is on the Internet, newspaper ad and the sign you place on your lawn. This can cost a few bucks. Advertising is not cheap these days. This limits the amount of buyers that will see your home, thus reducing competition. Less competition can lead to a lesser selling price. Alternatively, an agent has access to thousands of agents and their buyers, through the multiple listing services. You reap the benefits, as more buyers will know about your home. With more competition from the multiple listing services you could get a much higher offer. In a hot market it is quite common to get multiple offers. Often times with multiple offers you can get more than your asking price!

In conclusion, it has to be your decision whether you sell privately or hire a professional. Sellers certainly have successfully sold on their own and have done very well. One question to ask is, could the sellers have done even better had they used a professional agent? We may never know!

You may consider trying to sell your own home for a month or so. If you get discouraged because no offers are coming in, you may want to hire a professional realtor. There are lots of books out there that can help you sell privately. Just go to a local bookstore. You should read and educate yourself before trying to sell alone. This could give you the edge you need! Good Luck!

Monday, October 09, 2006

Buying Investment Property

Buying investment property does not have to be boring or a lot of work. Many people have successfully found that buying investment property has been easy and effortless. It does not matter if you are into the property investment business by yourself, , with an experienced real estate agent or with someone you know who buys investment property; it can be an easy task and does not require a whole lot of work.

The Challenge

When buying investment property, the biggest challenge is generally finding a property that will suit your needs. Because this is the most time consuming part of the process, it is sometimes best to have an experienced agent with you, as they have access to properties that have just become available on the market and can give you a list of investment properties that are for sale.

Knowing all the details before buying an investment property is very helpful in determining which property will be best for your future plans. Part of the process of buying investment property involves knowing the market, what is available and the property value of an area. The information is very easily attainable and this is where a real estate agent can be handy. They will have access to the all this information for you, so there is very minimal work involved.

What to Watch Out For

Buying investment property can be a lucrative income venture if you go about it the right way and do not fall into the trap of the money pit. You do need to be careful when working by yourself while buying investment property. This is because there are sellers out there who have just quickly fixed long term issues to sell the property, you may not see it for several years, but it can end up costing you a lot of money that you never counted on spending. Be sure that you have the property appraised before your purchase and that you have done a visual inspection and an in-depth background inspection.

Make sure that you also have a complete list of prior rental history; this ensures that you will be able to rent the property in the future. Knowing how long previous renters stayed and how often the property had been rented is the key to finding and keeping people in the property. Buying investment property that has good rental history is vital to the success that you find with a particular property.

Once you have done a little research and know which property you want, buying investment property will be much easy than anticipated. This article should have given you some insight as to what you need to look out for and the challenges involved in buying investment property.

Wednesday, September 20, 2006

California's Valuable Properties

If you live in the Golden State of California you may be wealthier than you first anticipated. In truth, the same could be said no matter where you live. Unclaimed property is a resource that many people don’t even realize exists and that lack of knowledge could be costing them a tidy little fortune.

Each and every year there is cash and property that go unclaimed. Many people may have no idea that they are missing money. There are millions of dollars in unclaimed property in California alone. Everything from tax refunds that can’t be delivered to insurance proceeds are sitting and waiting for their rightful owners to come get them.

One of the more common types of unclaimed money is dormant bank accounts. People simply forgot that those accounts existed and in many cases passed away without assigning and heir. The office of unclaimed property in California has an extensive list of names of the individuals in the amounts that they are owed. These are accounts that have gone untouched for an extended period of greater than ten years. If no one steps forward to claim the money it is declared unclaimed property in California by the state.

This raises the obvious question that if you don’t know that it exists how can you possibly claim it? The first thing to do is is to do a search for your name to see if there is actually any unclaimed property in California in your name. There are several ways to do this. The least expensive and most efficient is to visit the Office of the Comptroller. There is a website set-up that has a search feature for individuals who believe they may have unclaimed property in California. It is a secure web site to protect your privacy and to ensure that no one can come forward and make a claim on your property.

If you find your name on the list the next thing to do is to get your property that. OK, I know, that's incredibly obvious. Depending on what unclaimed property is lawfully yours, you may have to offer proof by providing specific details of your identity. Picture IDs are always good, as are copies of your utility bills that helped prove a residence claim.

You may not find your name on this list but you may stumble upon the name of a friend or relative. All you would need to do in this situation is to inform them of what he saw a hand to encourage them to get in touch in the same fashion that you did. If they don’t have Internet access, invite them over and give them a hand. Who knows, they may even generously give you a reward as a finder fee.

Deceased family member’s names often appear on the list of unclaimed property in California, as it does in every other state. If the individual was someone very close to you, you may be able to claim the money by presenting a death certificate along with any legal documentation proving that you are indeed their heir. If the amount is substantial it’s probably a smart idea to hire a lawyer to assist you with dealing with the unclaimed property in California office. You want to be absolutely sure that everything is handled properly so you won't have any problems picking up the unclaimed property that is rightfully yours.

Sunday, August 27, 2006

Find a California Beach Vacation Rental

California beach vacation rentals are so incredibly easy to find that all you need do is be looking for a real, full-time place to live and get hit with the hundreds of ads for California beach vacation rentals, instead. It is maddening for a desperate person in transition, but for one who is looking for actual weekend fling space, it is Valhalla in disguise.

So, how do you find these California beach vacation rentals with little effort and even fewer lies? Go to Craigslist and look in the HOUSING section. See? That’s pretty deceptive a category, for most of us would interpret it to mean places to “house” yourself for longer than a dip in the sea. Anyway, type in a minimum and maximum dollar amount, say 100.00 to 300.00.

Here is an example of what you will be made privy to, year round (I am doing this in August, so the offerings are going to be either plentiful (with no one taking up California beach vacation rentals because they are strapped—because of the damned war—or with very few options because most are all taken, in use right now, having been advertised MONTHS ago…say in February):

In Cedar Pines there is a large one-bedroom loft that sleeps six, for $125 a night. The ad says staying here is like “roughing it” in a five-star resort. Hmmm. I’m thinking woods, a sleeping bag, a knife, and a first aid kit, but evidently, it’s a sprawling cabin deal with appliances, electricity, lights, gas cooking and heating, etc.. Whatever floats your summertime boat….

In Santa Cruz there are places like the “mid-week special”, a bed and breakfast inn deal for $165 a day—which is right on (or a few yards away from) the Santa Cruz Beach Boardwalk.

Emeryville touts a $225 special, a fully furnished condo on the bay, with double bunk beds and views and local sites that make this a contender in the California beach vacation rentals market despite its price…for it is for the upcoming Labor Day, when it for many it is well worth a grand to get away.

And, of course, there is Tahoe, with everything from Incline Village prestige to West Shore (North Tahoe) remodeled and rustic cabin play.

Much further south you can of course find California beach vacation rentals that run from 200 a night for a Mammoth Lake condo to the 7900! On the ocean Malibu spread.

So hey, what’s your weekend sanity worth!?

Tuesday, July 18, 2006

Buying a Home 101

Whether it's your first time buying a home or not, you should familiarize yourself with the whole mortgage process. Numerous mortgage lenders will assist you in the process of acquiring a pre-qualified and pre-approved home buying application. Of course, your mortgage qualifications will be required by your agent to strengthen your deal in finding and buying a home.

Here are some things to consider when buying a home.

- Money

Before buying a home, consider your financial status. Check your credit situation by getting hold of your most recent credit report at the credit center. You should know exactly how much money you have and how much you can afford to spend on a home.

- Time

Don’t expect to find a great home tomorrow if you’ve only begun your search today. Buying a home is like working on a school project. It needs ample time. If you think you’ve gathered enough information and resources within your time table, so be it.

- The Right Agent

If you believe in the comfort and rewards of buying a home, you will need to trust the agent who will do the work for you. In finding a reliable agent you will need to look at many sources of information to determine “who represents what”. It is always best to compare experiences, backgrounds and referrals of reputable people.

- Needs vs. Wants

Why confuse yourself between needs and wants when you can have both? Upon gathering information in buying a home, take into consideration the different types of houses available and decide what you want from what is offered.

- Word Confusion

Needless to say, when you buy a home you should familiarize yourself with the terms and words used during the dealing and negotiating with your agent and contractor. Also, try to keep a list of the questions you have that need further clarification.

- Cue Cards

You don’t want to forget even a single detail about the home you’ve selected, right? Why not keep little cue cards where the ‘plus & minus’ on each home or property you’ve seen is listed and recorded.

- Points and Plus

Learn how to bargain and get the best possible deal.

- Safety and Security

Be sure to get homeowner’s insurance. It may seem like a lifetime expense, but it will get you continued savings in the long run.

- Final Check

Do a final inspection or walk-through of the house before settlement and before the contract is processed.

Consider the above points as helpful factors when you to decide to buy a home. Plan ahead and avoid the common mistakes that most home buyers make.

California Real Estate