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Posts Tagged ‘keller williams’

What is going on in the current market?

I’ve noticed more and more how qualified buyers are looking for homes to buy and there are NO HOMES OUT THERE. Are sellers holding back on selling waiting for a better market price? New listings are needed right away. Now, is a good time to sell because in many communities buyers are bidding well over market. I guess you didn’t read what I wrote: “bidding over market.”

Contact me for a free market analysis.

A recent report in the Oakland Tribune made mention, on the front page, about how many homes are being over bid be as many as 20+ offers. Summer is coming and more buyers are ready to make a move to a new home. The school year is coming to a close and families are on the hunt for homes. Interest rates are on their way up again and this is the best time to place your home in a hot market. Get your home ready for the summer buying season.

Talk to you soon. Leona Greenlow-Turner (510) 712-6537 Leona@LeonaTurner.com

See listings in your area at: www.ISellSanLeandroHomes.com

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The deadline has passed to enroll your child in some of Oakland’s top elementary schools. This blog will discuss top public elementary schools; no charters schools were included in this list. Charter schools will be discussed in a future blog.

Here are the current rankings of Top Oakland Elementary Schools:

School Name Location

API Score

Rank

Montclair 1757 Mountain Blvd.

Oakland, CA 94611

967

10

Hillcrest 30 Marguerite Dr.

Oakland, CA 94618

964

10

Thornhill 5880 Thornhill Dr.

Oakland, CA 94611

956

10

Lincoln 225 11th St.

Oakland, CA 94607

953

10

Anthony Chabot 6686 Chabot Rd.

Oakland, CA 94618

941

10

Crocker Highlands 525 Midcrest Rd.

Oakland, CA 94610

922

10

Redwood Heights 4401 39th Ave.

Oakland, CA 94619

913

9

Cleveland 745 Cleveland St.

Oakland, CA 94606

911

9

Peralta 460 63rd St.

Oakland, CA 94609

910

10

Joaquin Miller 5525 Ascot Dr.

Oakland, CA 94611

897

9

Rankings from www.GreatSchools.com 2012

Sellers, remember if your home is near one of these top elementary schools, you’re in a great position to put your home on the market now. Families are looking during the summer months and may be willing to pay over asking for these desired areas. Contact me for a free market analysis of your home, (510) 712-6537.

If your school is not on this list and you love the school FIGHT FOR YOUR SCHOOL. Join the PTA. Get involved with everything going on at the school. Don’t be a wallflower waiting for others to take action. Ghandi said “Be the change you want to see in the world.”

Looking to buy near these schools?  Contact me.

Note: To parents of new kindergartners, now is a good time to make sure your child knows the basics:

  • Say the alphabet
  • Count to 20
  • Identify their colors
  • Spell their name
  • Sit quietly for increasing periods of time

Read to your babies every single day.

Talk to you soon. Leona Greenlow-Turner (510) 712-6537 Leona@LeonaTurner.com

See listings in your area at: www.ISellSanLeandroHomes.com

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Can you believe Brian Moynihan, the Chief Executive Officer of Bank of America, has higher pay this year? After all the turmoil Bank of America has caused in the past few years, they are going to raise the CEO’s pay? On top of the mortgage crisis, they have asked customers to pay $5 to access our own money via debit card. They rescinded the $5 fee but added higher fees to check orders, overdraft and wire fees. One of these added charges will hit us in one way or another in our banking history.

Now, Mr. Moynihan has pocketed almost $1.8 million as his compensation package. How many jobs can be saved with $1,000,000? If you don’t know, the President of the United States does not earn $1,800,000 for running our 50 States and the District of Columbia. I believe the President’s salary is in the neighborhood of $750,000. What should big bank executives do when faced with a large salary while others are suffering?

I worked for a start-up once and when faced with closing the company while waiting for additional financing, everyone took a pay cut to minimum wage for two weeks. At that time, minimum wage was $6.00 per hour. Everyone took the cut from the CEO to the receptionist. Can I verify this? No, but the pay cut to minimum wage was the communication given to employees.

Such a drastic cut is a bit outlandish for a large company like Bank of America. What we must consider is how much will laid off employees make per hour on unemployment? If they get full unemployment pay at $450 per week, that equals $11.25 per hour. There’s really isn’t much more to say. Make it a great weekend.

Talk to you soon. Leona Greenlow-Turner (510) 712-6537 Leona@LeonaTurner.com

See listings in your area at: www.ISellSanLeandroHomes.com

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Home prices in many cities are at all time lows and it’s time to make a move to buy. If you have children, a location near a good school district is preferable. Here are some steps I recommend (California):
1. Find a lender and get preapproved for a mortgage.
2. Find the area where you want to live.
3. Find out what time of home you really want and the style of the home. Going to open houses on the weekend can help you see various styles and floor plans.
4. Find a Realtor. The Realtor will show properties that fit your specifications and your price range.
5. The Realtor will structure your offer/bid on the property. Bring a check book, your preapproval letter, and be ready to make an offer.
6. Wait for the offer to be accepted by the seller. If your offer is not accepted, repeat steps 4 and 5.
7. You have 3 days to deposit your good faith estimate into escrow. Good faith estimates are generally 1-3% of the purchase price. This is a KEY component of the transaction because it assures the seller you will financially stay in the transaction.
8. The first 17 days after your offer is accepted is used to schedule and complete all inspections (home inspection, roof inspection, zoning, pool, etc.). The inspection(s) determine the condition of the property and find out if any repairs are needed. The seller should have a termite report available. If they do not, you, as the buyer, may order a termite report. Each inspection during this period is normally paid up front. Depending on the inspector they can take the money at closing. Inspections can range from $100 to $1000. Your Realtor should have suggestion for companies you can use. And the appraisal is completed during first 17 days.
9. An appraisal is a report, ordered by the lender, that lets the lender know the value of the property. The bank will not lend more than the value of the property. For example, if you offer $250,000 on a property and the appraisal states the value is $225,000. The bank will only lend you $225,000, no more.
10. After the first 17 days after your offer is accepted, your lender completes the financial part of the transaction.
11. Now you enter the closing phase of the transaction. Financial documents are signed at the escrow office (or by notary) and your lender places the money for the purchase in escrow.
12. Then the transaction is recorded with the county and you get the keys to your new house.

Talk to you soon. Leona Greenlow-Turner.

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Presenting 1205 Hargrove St. Antioch, CA 95209

Great home in Garrow Estates section of Antioch (North). New carpet. New Paint. One owner since built. Large yard with no back neighbors. Move-in ready. Walking distance to park. Short drive to Costco and other shopping areas.

About Garrow Estates
Zips in Garrow Estates: 94509
Median Property Tax: $1,516.22 – #43 in Antioch
Highest: $8,501 – #38 in Antioch
Total Taxes: $547K – #26 in Antioch
Median Sale Price: $136,000
Number of properties: 387
(0 condos/387 single-family homes)
% For Sale: 0.78%

http://www.postlets.com/realestate/mini_385.php?pid=5993469

Talk to you soon. Leona Greenlow-Turner

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To paraphrase Margo Channing (“All About Eve”): Fasten your seatbelts, it’s going to be a bumpy ride!
Where is all of this going? Not just job cuts from HSBC but also Credit Suisse, Goldman Sachs, and Morgan Stanley. Where does this leave our stock portfolios and retirement? We really need to watch our pennies and save a little more. I have said it repeatedly, no economic recovery without jobs. Cutting executive salaries will only put a bandage on a broken arm. America needs jobs. Someone out there has a solution, will the real “answer-person” (not the weekly talking head) please stand up.

As a Realtor, I know my market niche is pretty secure for the next 5 years or so. That’s a good thing for my bank account but at what cost? My next blog topic will discuss the National Association of Realtors (NAR) aggressive push to cut the Mortgage Interest Tax Deduction.
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HSBC is the latest bank to announce job cuts amid regulatory uncertainty and global economic weakness. Credit Suisse said last week that it planned to eliminate 2,000 positions, or 4 percent of its jobs. Goldman Sachs and Morgan Stanley are also reducing their head counts.
Read full article in New York Times: http://nyti.ms/onz6Em
Talk to you soon. Leona Greenlow-Turner

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There’s a $300-million redevelopment project coming to Jack London Square on Oakland’s Embarcadero fun for all. If I were a buyer, I would try to get a condo surrounding this area: more shops, restaurants, state of the art movie theatre, and jobs, jobs, jobs. I remember when Jack London was the cool place to go. There was an AppleBees, TGI Fridays, Tony Romas, Ben and Jerry’s, and my favorite, Barnes and Noble. The project (also referred to as Jack London Square Phase II) is a private-public collaboration among Jack London Square Partners, the Port of Oakland and the City of Oakland.

Some of the new changes include:

  • A daily fresh market of fruits, vegetables, meats, seafood, pasta, cheeses and baked goods
  • Waterfront restaurants and quick cafés
  • A professional cooking school
  • A chef’s hall of fame
  • Specialty retail shops
  • An exposition of California food and wine companies and producers, and agricultural products

Part of a Larger Redevelopment Project

The California Harvest Hall is just one of a series of improvements planned for Jack London Square. Other projects envisioned include a conference center hotel and spa; restoration of the building at 66 Franklin to its original 1926 façade and construction of a new office building; a state-of-the-art movie theatre complex, additional destination restaurants and parking facilities. The project also will continue and expand the Bay Trail through the square.

Hey Oakland, I would like to see more than just a new Ross Store in East Oakland. Just a thought.

Read the full article: http://bit.ly/og5bXx

Talk to you soon. Leona Greenlow-Turner

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