City Transfer/Conveyance Tax (according to contract)
Fire Insurance Premium for first year
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TIP FROM US: YOURS OR THEIRS
The Personal vs. Real Property Dilemma
The distinction between personal property and real property can be the source of difficulties in a real estate transaction. A purchase contract is normally written to include all real property; that is, all aspects of the property that are fastened down or an integral part of the structure. For example, this would include light fixtures, drapery rods, attached mirrors, trees and shrubs in the ground. It would not normally include potted plants, free-standing refrigerators, washers/dryers, microwaves, bookcases, swag lamps, etc. If there is any uncertainty whether an item is included in the sale or not, it is best to be sure that the particular item is mentioned in the purchase agreement as being included or excluded.
What's New!
As news around the region, state and country strikes fear and concern over falling values, Albany, Berkeley, and parts of El Cerrito and Oakland are still remarkably strong.
As previously mentioned, the move-up market appears to be driving this phenomenon. However, this move-up buyer can’t move unless a first time buyer comes along to by his house. Hence, here’s where care must be exercised. Smart agents and sellers must price these first time buyer homes reasonably, otherwise the whole engine won’t run.
In the meantime, Berkeley continues to defy the rest of the world…so who’s surprised!
