Bay Area Property Alert   Houses For Rent   News & Event
05/01/2008
Foreclosure home is great opportunity to buy home at low price. Here are pros & cons of buying foreclosures homes.
  • Top tips on how to find foreclosures homes
  • Why buy homes prior to the filing of a Notice of Default ?
 
 
Living In Apartment
 
Living in apartment is freedom from mortgage payment, property tax payment etc. The living in apartment gives you freedom to plan your dynamic living, helps if your job is transferable or temporarily living in city.
 
     
 
Complaints Against Apartments
 
Frustrated with your rental office staff and their services. This is right place to take anger out. We provide outlet for angry renters to express views and let us know your apartment issues.
 
     
Economic Stimulus Package
Does it help?
Recently congress passed an unprecedented “economic stimulus package” to remove the fear of economy slipping into the recession. The economic stimulus package is supposed to bring confidence in consumers and keep economy away from recession.

Many believe the move from government has come late and may not help the cause. By the time checks will reach to common person, economy might have touched the outer boundaries of recession.

Then the question comes this $300 or $600 check, how it is going to keep economy away from slipping into recession. People with bad habits are going to blow money on cigarettes, drugs, lotteries, the end result more money to state and federal government.

What would have been better idea is to grant low tax bracket to poor and middle class, for couple of years, counties providing relief in property taxes, lenders providing extension for low interest rates and good subsidy to industries for keeping jobs in US.

These small checks hardly make any dent into economy, these are good for lifting consumer confidence and good for vote policy. This sure saves government from tough questions from press and public.


The best ways to stop foreclosure
This is the worst nightmare of every homeowner to think about house going through foreclosure. Every home owner puts 100 percent in saving his or her home. The reasons for a house coming under foreclosure can be from “job loss”, “owned by widow”, “partner dispute”, “high debt”, “unable to pay high interest rate mortgage” etc. Read More Tips
 


House For Rent

Have you tried living in a rented home then living in apartment? Many people don’t know by paying few hundred dollars rent more one can avail a town home or a single family home for renting in same area. The house for rent is one more option for renters for looking big roomy and private residence.

One may wonder, why people are paying few hundred dollars more in rent to live in house as oppose to apartments. Some of the reasons may appeal to families with kids or to those people who like privacy. Some also have issues with limited space in apartments which restricts their lifestyle. Whatever the reason the truth is very few people use this options as listing of house for rent don’t get published in leading websites such as apartment.com, rent.com or apartmentguide.com etc. The classifieds for house for rent usually get published in free classified websites or in newspapers. Usually most of the houses for rent go by word of mouth or through referrals.

Few points to consider before going for house for rent option.

First the most important factor in searching for rented homes is to zero on location. If you are paying more money then it becomes important to get best location near to workplace or home etc. The place should be crime free and have good civic facility available. Next you need to come up with your requirements for house such as 2-3 bedrooms, living/dining or only dining, backyard or no backyard. If you have kids you might lawn and backyard with home and also a neighborhood where young parents live.

Lot of renters also provide furnished home for renters. This type of option is good for corporate people or for singles who don’t want to accumulate the stuff and want to live independently without any liabilities. In this option owners charge more rent to cover the cost of furnished items.

Before entering into contract get house inspection done or have owner agree for future repairs such as plumbing, Electrical or water pipe damages. These are few of common problems which every renter should be aware. Taking care of these issues will save good amount of money in future.

Once entering into the contract le house lease be sure to put exit strategy which is good for both renters and owner. Many renters end up paying couple of months rent if they break the lease in midway of contracting period. You should use short term lease which can be extended after every six month. This way one can plan living in controlled way and don’t end up paying lease breaking charges.

In case you plan to carry animal or birds to house for rent check with owner, if animals and birds are permitted in house.

Finding a new place to live can be an exciting experience if your take the time to think about what you need and want in a home, this will help you locate the perfect place for you. It is not easy to get good house for rent but with persistent efforts one can find good home for renting.



MORE INFORMATION COMING SOON



One time hot market real-estate market of bay area is going through real-estate downturn. Couple of years back it was common to see multiple bidding for single home and homes being sold over asking price. Lot has changed in last two years, except few pockets in Bay Area rest of the bay area has home price going down by 20-40 percent. Get more information... Information About Bay Area

One time hot pockets of Bay Area such as San Ramon, Antioch, Brentwood are having high rate of foreclosure. In this downtrend my heart bleeds for people whose house is going through foreclosure. It is hard to imagine people’s hard earned money going through the drain.

Having said that there is market for first time buyers, now is the chance from them to take advantage from low housing market.

Notices of Default for houses and condos
  • County - 2007 - 2008 - Yr
  • Q1 Q1 Yr%
  • San Francisco - 216 - 420 - 94.4%
  • Alameda - 1,578 - 3,194 - 102.4%
  • Contra Costa - 1,969 - 4,718 - 139.6%
  • Santa Clara - 1,058 - 3,074 - 190.5%
  • San Mateo - 382 - 911 - 138.5%
  • Marin - 118 - 314 - 166.1%
  • Solano - 914 - 2,091 - 128.8%
  • Sonoma - 407 - 1,392 - 242.0%
  • Napa - 88 - 284 - 222.7%
  • Bay Area - 6,730 - 16,398- 143.7%
Note: Source: DataQuick Information Systems read more
Quick Link
Internet Home Research

With the internet access at your finger tips, the knowledge, tools needed for online home buying has become easy. Gone those days when you will move in to neighborhood and then start getting feedback about your neighborhood. Today, you can research on house, neighborhood, city, schools, jobs, crime in area, parks in area, hospitals in area etc. Today's buyer is more informed and more demanding about hose information.

Important thing for home buying is to complete your pre-buying things to do.

  • Select few neighborhoods, check last 10 years of property trend in this area.
  • If you are buying town home or planed community home, check which one has low HOA (Home owner association charge)
  • Check school area. Lot people move blindly into a good school area and later realize that there school does not fall into good school zone. Check with school if your house fall in their school zone.
  • Get free credit report and check how good are your chance of getting home loan.
  • Explore neighborhood and get reviews from community associations, go through local issues, check forpast history
  • Check for local parks, local hospitals, libraries, airports, and near by jobs
  • check real estate tax assessment from county website
  • Check for sex offenders from national sex offenders registry
  • Get Pre-Approval from Lender
  • Get in touch with Real-estate agent and provide him your requirements.
Online Tools to Research homes on Internet