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Posts Tagged ‘oakland’

So you’re considering purchasing property in the Oakland-Berkeley area and maybe renting out rooms (house hacking) or buying a duplex or a place with an ADU?

Essentially becoming a landlord of some sort, and as a property owner you would get to do absolutely what you want with your property, right???

…. Well…. not so fast!

Owning property in the Bay Area is a wonderful privilege and invariably a good long term investment, but venture into rental income with your eyes open.

The housing market is tight, the laws are very specific, there are folks who may take advantage (sad but true), and the penalties for missteps can be Draconian!

Do yourself a HUGE favor if you have not purchased yet, and consult with a local qualified landlord tenant attorney so you know the lay of the land!

If you currently own property, join a LOCAL landlord advocacy group and consult with legal staff. These groups are an EXCELLENT resource for landlords.

Many homeowners become accidental landlords. A relocation enabled them to keep a property and rent it out, or they decided to rent out a room or convert part of their home to a rental.

And for the House Hackers…roommates? Can you raise the rent? Can you get them out?
This is current day California land of legislation… not the TV Wild West of my youth!
I’d suggest look into what you can and cannot do.

Whilst many Bay area cities including Berkeley and Oakland have had various levels of rent control and tenant eviction restrictions in place for years, the number and type of properties which fall under these restrictions has recently increased.

Many cities have “Just cause eviction” ordinances.

As a landlord in most cases you cannot blithely give your tenant notice  because you want to sell the property…. this is likely NOT a ” just cause” for eviction.

A local attorney who specializes in this area of the law can advise owners of options if they wish to sell. Several cities, including Oakland now have minimum mandatory buyout requirements for negotiating tenant move outs.

I regularly work with property owners who wish to sell and in conjunction with their landlord tenant attorney we figure out what works best for all involved.

Being a property owner is great, but know your rights and obligations… and stay safe!

 

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Looking back at the First Quarter of 2019 the overall market condition chart shows a strong reduction in the number of homes which sold under list price.
Yes….despite the prevailing trend to under price homes and generate multiple offers, there are homes which come on priced too high.
The slow down in the Fall which started around October seems a things of the past.
As long as sellers are realistic, interest rates and inventory continue low, the buyer demand will remain strong.

As always… the trends are market wide, but the values are house specific!

Neighborhood data you can access below will vary in giving an accurate picture of the market depending on how many homes have sold in the 1st quarter.

Single Family Home Sale Data

 

I’d be happy to speak with you about your specific market or property questions!
Jackie 510-390-8101

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The holiday season saw somewhat of a seasonal slowdown as buyers turned their attention to the holidays. A few deals were had, many sellers tried the off-market ” Buy it now” pricing and some were successful. Shadow inventory which did not sell in the Holiday season and new inventory will be coming on soon!
Click on the image below to see the last quarter’s report

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I am so grateful for the opportunities I had in 2018 to help so many wonderful clients!

A BIG THANK YOU! to friends and clients who sent many of these people my way.

If you have a move in mind for 2019 I’m always happy to meet prospective clients, discuss options and put together a plan before the early Spring market gets going!

You can call me, text or leave a message at:  510-390-8101

 

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How refreshing it is to present a warm and inviting home decorated by a true artist with a flair for color and style!

OK, so we know we’re meant to “neutralize” and beige turned to gray over the last few years and it clings to life with a few brave stagers battling to infuse COLOR into the picture!

So YAY!!

My latest listing is this stylish and colorful, warm and inviting Traditional split-level located in the Woodminster pocket neighborhood of Montclair.

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Adjacent to Montclair, and zoned for the same schools it’s considered Montclair by many who live there but has the best of both worlds with access to Montclair village and it’s own neighborhood shopping, restaurants and even the ex Montclair Hardware store!

Regional parks are just around the corner with trailhead access to Joaquin Miller Park and Sausal Creek.
Along with the Woodminster ampitheatre just up the road for annual musicals, music in the Redwoods, and the Greek Festival  with music, dancing and food just down the road.

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If you like newer homes, highly rated schools and superb views ..without going way up into the hills the Upper Rockridge neighborhood in Oakland is a great place to live!

Tucked in between homes on several of the streets are hidden pathways, shortcuts down the hill for pedestrians dashing the the Trans bay bus stop for the morning commute. And a good end of day work out on the way home!

Village market offers the convenience of a very nice grocery store with imports like my beloved Marmite (!) and other delectable items. Take out Barbeque several days a week and a good deli selection.

My recent listing offered gorgeous Bay and City views and that very desirable guest suite.
…..So nice that visitors may not want to leave!

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For more detail visit: http://www.6168contracosta.com/

 

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In 2017 I enjoyed helping clients buy and sell a variety of homes in the East Bay. I’m looking forward to another year of helping my wonderfully diverse real estate family!

Inventory traditionally picks up after Superbowl and the early Spring market is a great time to get started and prepare for a move.

I’m  happy to meet prospective clients , discuss options and put together a plan!

SOMETHING FOR EVERYONE!

 

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