A sorry-looking shack, with deep cracks in the cinder-block walls and busted windows, that looks like it’s ready to collapse: You wouldn’t pay a dime for that, would you? OK, say it’s nestled in the gorgeous hilltops of the San Francisco Peninsula with no shortage of pristine mountain views. Now how much would you pay? More than $1 million? Well, that’s how much it’s going for.

Even rundown, shabby homes in the San Francisco Bay Area are fetching prices that top-notch single-family homes do. The reason is simple: those gorgeous mountain views. It seems that a great view can get homebuyers to pay top dollar — even if the home itself is nothing to look at. The aforementioned shack? It’s going for $1.275 million. Another home in San Jose, Calif., has a bathroom that hasn’t had any work done to it since the 1930s, a kitchen that’s falling apart and a shabby exterior. The listing agent even admits that he’s “looking for someone to come in, remodel, probably flip this house.” Well, hope the flip nets a big profit because to buy this house as it is, you’ll need $585,000. See the video above to learn why such decrepit homes are going for such high prices.

Find homes for sale in San Francisco, or search listings in your area.

See also: Home Inspection Red Flags for Buyers
Home Inspections: What to Expect

More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for rent in your area.
Find foreclosures in your area.
See celebrity real estate.

Follow us on Twitter at @AOLRealEstate or connect with AOL Real Estate on Facebook.

Article source: http://realestate.aol.com/blog/2013/02/21/decrepit-homes-mountain-views-san-francisco-bay-area/

A sorry-looking shack, with deep cracks in the cinder-block walls and busted windows, that looks like it’s ready to collapse: You wouldn’t pay a dime for that, would you? OK, say it’s nestled in the gorgeous hilltops of the San Francisco Peninsula with no shortage of pristine mountain views. Now how much would you pay? More than $1 million? Well, that’s how much it’s going for.

Even rundown, shabby homes in the San Francisco Bay Area are fetching prices that top-notch single-family homes do. The reason is simple: those gorgeous mountain views. It seems that a great view can get homebuyers to pay top dollar — even if the home itself is nothing to look at. The aforementioned shack? It’s going for $1.275 million. Another home in San Jose, Calif., has a bathroom that hasn’t had any work done to it since the 1930s, a kitchen that’s falling apart and a shabby exterior. The listing agent even admits that he’s “looking for someone to come in, remodel, probably flip this house.” Well, hope the flip nets a big profit because to buy this house as it is, you’ll need $585,000. See the video above to learn why such decrepit homes are going for such high prices.

Find homes for sale in San Francisco, or search listings in your area.

See also: Home Inspection Red Flags for Buyers
Home Inspections: What to Expect

More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for rent in your area.
Find foreclosures in your area.
See celebrity real estate.

Follow us on Twitter at @AOLRealEstate or connect with AOL Real Estate on Facebook.

Article source: http://realestate.aol.com/blog/2013/02/21/decrepit-homes-mountain-views-san-francisco-bay-area/

Walnut Creek, CA (PRWEB) February 24, 2012

Stokley Properties Inc., a Bay Area property management company that handles properties in Concord, San Ramon, Brentwood, Martinez and Oakland, offers advice for landlords and property owners. The rental market is still hot; however, some landlords are still making the mistake of pricing their properties too high and at a price that is not warranted.

Many owners are not experienced property managers. They believe that because the market is hot, they can get the price they want for their property, regardless of its condition. This is absolutely not true. Clients who are well off will pay top dollar but only when the property deserves the price. Many property owners may only own one rental property and have not had the opportunity to truly understand the dynamics of the property management industry.

Prospective renters must be aware that rental is a highly competitive market. They need to be prepared.

Stokley Properties has been offering expertise and valuable advice to tenants and property managers throughout the East Bay since 1989. It is more than just a property management firm. It also specializes in investment properties throughout the East Bay and Northern California. Stokley will offer sound investment advice to assist investors in achieving real estate goals. Whether the client is looking to buy or sell an investment, Stokley Properties will lend its expertise to maximize a client’s investment value.

“It’s not easy to find the right property management company. Most companies lack the true dedication and attention to detail it takes to achieve success with the properties, the tenants and the landlords. But, Stokley Properties is different. From the first phone call to the follow-up, property prep and ultimate securing of an appropriate tenant, Joe Stokley and team take care of business from A to Z,” Debbie Rossetto of Legacy Real Estate Associates said.

For more information about Stokley Properties Inc., call 925-658-1415, or visit the company on the web at www.stokleypropertieseastbay.net and www.stokleyproperties.net. Stokley Properties Inc. is located at 1630 North Main St., Suite 54, in Walnut Creek.

About Stokley Properties Inc.

Stokley Properties Inc. is a licensed property management company and California real estate brokerage firm. It provides property management services in Contra Costa and Alameda counties in the San Francisco East Bay Area.

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For the original version on PRWeb visit: www.prweb.com/releases/prwebproperty-management/bay-area/prweb9224566.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/02/24/prweb9224566.DTL