Bay Area Property Alert   Search Bayarea Apartment Free   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
   
Living in bayarea 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.

Advantages of living in Apartment

If you prefer small living area with less hassles to manage house, apartment is the right choice for you. Living in apartment gives you freedom and instant mobility to move to new city or new apartment within same city. With many apartments providing monthly lease, makes apartment owners less binding to lease processing. With in 30 days you can move to new and better apartment.

Another good point is that you don’t have to manage landscaping, plumbing or electrical issues with apartment. All these services are taken care by rental management office. The mobility allows you to move at short notice if you have to change job, or changing apartment for school.
  • No Mortgage payment
  • No Property payment
  • No Landscaping
  • No Plumbing charges
  • No Electrical charges
  • Freedom to move
  • Freedom to change apartment
  • Option of joining roommate
  • Transfer your lease in case of job change

Tips for Living in apartment


  • Application Fees - Your application fees shouldn’t be more than $25. This fees is used by owner to do back ground check etc.
  • Signing the Lease - Don’t sign the lease paper if you have not decide to move in to the apartment. This should be the last step of of your getting into the apartment.
  • Check terms and conditions of lease document, what is the notice period both for you and the rental company. What are lease breaking charges. Check how much is security deposit, normally this shouldn’t be more than 2 months rent.
  • Check with rental company if any damage is already in unit which is being rented out.
  • Once you move take pictures of rental unit to keep proof of damages.
  • When you go for inspection of your rental unit, choose day time. Once inside remove blinds or curtains so that enough sun light is inside to see small damages, specially carpet stains, mould, glass crack and wet ceilings etc. (Once I moved to bay area apartment and I went to collect keys in evening, during inspection everything looked ok. Once I moved and I could clearly see the carpet was shampooed not replaced and many stains ware still visible. That too when I was moving for one year lease.)
  • Cross check inventory list for your rental unit, anything missing report immediately.
  • Pay your rent on time, mark your calendar to remind you for the due date.
  • Whenever repairs are needed, it is advisable to write to them. Often phone calls result in delayed response from rental companies.
  • If you are moving, give adequate time in your notice to rental company.
  • If you are having party or large get-together, inform your neighbors in advance to avoid noise complaints against you.
  • Adhere to neighborhood parking regulations.



Apartments in California East Bay Cities (Bay Area)

Check out renting available in East bay cities from condos to 1r,2r and single family homes. Get register and get first call for your favorite apartment. East bay cities are closer to silicon valley the home of all tech companies. You may qualify to get $100 for a signed lease or in some cases apartment rental offices are giving first month rent free. For more information check east bay city apartments East Bay City Apartments(Bay Area)

Apartments in California San Jose Cities (Bay Area)

The San Jose region is hub of technology companies, this area is very vibrant and multicultural, many cities in this region are on world map because of headquarters of top tech companies. This area is also high income group in nation and also some of the cities have best school in nation. Check more on city information in San Jose region. Apartments in San Jose

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