Many cities in Alameda and Contra Costa Counties impose a point of sale ordinance on real property. The chart below will show which cities will impose a transfer tax. Both Alameda County and Contra Costa County have a county transfer tax of $1.10/$1,000. Example: If the sales price of a house in Berkeley is $500,000 then the seller can expect to pay $500 for [...]
The number of mortgage default notices filed against California homeowners fell last quarter compared with the prior three-month period, the result of lenders’ evolving foreclosure policies, an uncertain legislative environment and an uptick in the number of mortgages being renegotiated, a real estate information service reported. “It may well be that lenders have intentionally slowed down the pace of formal [...]
We already know that the Bay Area is already a difficult market to buy in, but did you know that it is also becoming increasingly difficult to rent in as well? I am constantly shocked to hear how much our buyer clients are paying in rent, which also explains why they are seeking out a mortgage instead. Forbes just released [...]
Here are the stats for Albany, CA for the month of September 2017. Market data is provided by Redfin and Bridge MLS and includes sales for only Single Family Detached Homes for the month of September. Data does not include condominiums or off-MLS sales – call us for more details.