Know Your Contract Contingencies: California’s Real Estate Inspection Contingency 14(B)(1)

Real estate contingencies typically fall under three major categories: appraisal, home inspection and mortgage approval. Think of these contingencies as a buyer’s and seller’s safety net. If a home does not appraise at a certain value, if an inspection reveals a major problem, or if the buyer cannot obtain adequate financing, the parties can back out of the contract without penalty.

Read More

Oakland’s Private Sewer Lateral (PSL) Requirement

Before selling, building or installing a new water meter an Oakland homeowner will need certification that their sewer lateral (PSL) is in good condition. Certificates are good for twenty (20) years if the lateral is new.
If the lateral was only repaired or passed the city’s inspection with no repairs needed, the certificate is valid for seven (7) years.

Read More

After Uber’s Move, Will Oakland Become A Tech Hub?

Before Uber snapped up the Sears building several other tech companies vied for it, and recently, Oakland has welcomed firms like Lennar Multifamily, a homebuilder, and The Worker’s Compensation Insurance Rating Bureau of California. Vacancy rates downtown will soon dip below 6%, home prices are skyrocketing, and the city has grown by 16,000 since 2010.

Read More