Archive for Sellers

If a full price offer comes in, is a Seller obligated to accept it?

October 11th, 2008

The bottom line answer is NO. Barring imminent domain, foreclosure and a handful of other specific situations, nobody can force you to sell them your property. A better question may be “What are my risks if a full price offer comes in and I don’t accept it?” The main risk is that you may be […]

You cant stop water… So divert it!

July 1st, 2008

If you live or own real estate in the Oakland, Berkeley or Piedmont California hills it is important for you to know that you can not stop water, you can only divert it.  Properly diverting Water away from your home is the single most important thing you can do to increase the longevity of your […]

What Does “AS-IS” Really Mean?

February 25th, 2008

In the Oakland Berkeley real estate marketplace it is not uncommon to see “As-Is” referenced in the advertising remarks. In my opinion the As-Is term is used a little to often. The meaning of As-Is really depends on where you are in the sales transaction. Before an offer is accepted (the Marketing period) As-Is means […]

Multiple Offers in this Market?

February 17th, 2008

Contrary to what you might read in the San Francisco Chronicle some Oakland, California real estate listings are still generating multiple offers. Some are even selling substantially over their listing price. Up until early 2006 aprox. 75% of the properties on the market were selling with more than one offer. Now days it’s more like […]

Oakland Home Sales Performance 2006 vs. 2007

February 7th, 2008

This sheet shows a 2006 vs. 2007 year over year comparison of single family homes real estate sales in the better parts of Oakland and the Oakland Hills area of California.

The Components of a Raised Perimeter Foundation

February 6th, 2008

Most homes in the Oakland Hills are built on raised perimeter foundations. When a home inspector or a pest inspector makes an inspection they will often call out terms that don’t mean anything to the average Buyer or Seller. The photo (above) details the components of your foundation from the floorboards down to the dirt […]

Inspection Contingencies

February 5th, 2008

One of the single most important considerations when purchasing a home is knowing the physical condition before you remove your contingencies. The current version of the California purchase contract provides a buyer with an unconditional “OUT” of the contract at any time before they remove their inspection contingency. An inspection contingency time period is for […]

Pest Control Inspections

January 7th, 2008

In our local (Oakland) marketplace Its customary for a Seller to hire a local licensed pest control inspector to perform an inspection of the property before putting it on the market. The term “Pest inspection” conjures up images of bugs. Well, that’s a part of it. A pest inspection is a look at all of […]