We Buy Houses in Oakland, CA
We buy Homes in any condition. No agents, no fees, no fixing anything & no tidying or cleaning!
In California, we buy houses in any condition for cash! All of our proposals are based on current market prices and the amount of work needed on the house. Whatever happens, you’ll get a fair and competitive offer! We always address your problem with honesty; fast cash for your Oakland home with no hassle! There are no realtor fees, commissions, closing costs, or repairs to worry about.
If you are a homeowner in Oakland, read on to learn how to sell your Homes for 100% cash:
- To begin, familiarize yourself with the steps involved in acquiring a home.
- Then go to our frequently asked questions page or Contact Us with any/all of your problems or questions.
- Finally, get to know us and see whether we’re a good fit for your company. We believe you will find us to be trustworthy, fair, and well-informed.
TODAY IS THE DAY TO RECEIVE YOUR FREE CASH OFFER! We purchase homes in any condition or circumstance. There will be no real estate agents, fees, repairs, or cleaning. Calculate the Value of Your Home! Now is the time to get a fair offer!
Is a “Cash for Homes” Company a Good Fit For Me?
Having a home that you wish to sell can only add to your anxiety. Taxes, repairs, and other annoyances may pile up quickly; this is not a desirable way of life. We will buy your house in Oakland, California, quickly so you may be free. We’ve helped homeowners all around the United States who wanted a rapid fix for a broken-down residence. The following are some of the most prevalent instances in which we can assist:
- Foreclosure – Selling your home before foreclosure is preferable to waiting and preserving your credit score.
- Inheritance – Quick cash to distribute with all heirs
- Lines: Tax liens are very prevalent.
- Repairs: Is the house in need of repairs?
- Moving: Are you relocating and need to sell your home quickly?
Or, check out some satisfied customers.
I was SUPER impressed with the quickness at which I got the cash! California Houses for Cash was very honest, direct and fair. The team kept me updated throughout the process and I received my cash FAST. My house had a cracked foundation and nightmare tenants and Realtors wanted a long-term plan to get top dollar. I just wanted to sell now. California Houses for Cash was ideal for my situation.”
— Tomas Z. Oakland, CA
I was looking to sell my Oakland real estate fast. I wanted the cash to purchase some machinery for my farm and didn’t want to miss the opportunity to take advantage of an awesome deal on it. I decided to sell the house for cash to reinvest into the farm. California Houses for Cash was professional and did exactly what they said they would.”
— Leanne Z. Oakland, CA
We Buy Houses In Oakland, CA With Cash
At California Houses for Cash, we specialize in doing just that. There are no headaches, no gimmicks, and no commissions. We purchase properties all around the United States. We can offer you better deals because we don’t have to pay for expensive bank loans or realtor fees and commissions.
About California Houses for Cash
Patriot Cash Offer owns and operates California Houses for Cash. In California, we are a leading cash real estate buying team. Every homeowner is treated with care and respect. We have offices in California and are a preferred real estate investor with a thorough understanding of the state’s culture and diversity.
We’re always ready to help people sell their homes swiftly and painlessly. We buy run-down houses and renovate them to their original state. Our proposals to homeowners are based on the condition of the property and the amount of work that needs to be done.
Our Ratings Don’t Lie!
We have 5-star reviews in all of California!
About Oakland, California
Oakland is the most important town and the county seat of Alameda, California, a predominant West Coast port town. Oakland is the most important town inside the East Bay location of the San Francisco bay area, with 0.33 biggest towns generally inside the San Francisco bay area. It is the 8th maximum populated town in California, and the forty-fifth maximum populated town in the United States.
With the population of 440,646 as of 2020, it serves as exchange middle for the San Francisco bay area; the port of Oakland is the busiest port inside the San Francisco bay. The whole thing of Northern California, and the 5th busiest inside the United States of America. An act to include the town became exceeded on May 4, 1852, and incorporation became later permitted on March 25, 1854. Oakland is a constitutional town.
Oakland Real Estate Market
The median property price in Oakland is $782,704.The price per square foot is $524. The price to rent ratio is 23. The average number of days on market is 51. The monthly traditional rental income is $2,824. The traditional cash on cash return is 1.1%. The monthly Airbnb rental income is $3,129. The Airbnb cash on cash return is 1.4%. The Airbnb occupancy rate is 65%.
Best Places to Invest in Real Estate in Oakland
The median property price in South Prescott is $565,384. The price per square foot is $428. The price to rent ratio is 16. The average number of days on market is 78. The monthly traditional rental income is $2,900. The traditional cash on cash return is 2.5%. The monthly Airbnb rental income is $2,921. The Airbnb cash on cash return is 6.5%. The Airbnb occupancy rate is 70%.
The median property price is $406,500. The price per square foot is $374. The price to rent ratio is 13. The average number of days on market is 119. The monthly traditional rental income is $2,696. The traditional cash on cash return is 3.2%. The monthly Airbnb rental income is $3,569. The Airbnb cash on cash return is 4.4%. The Airbnb occupancy rate is 64%.
The median property price is $495,000. The price per square foot is $352. The price to rent ratio is 14. The average number of days on market is 266. The monthly traditional rental income is $2,900. The traditional cash on cash return is 2.8%. The monthly Airbnb rental income is $3,818. The Airbnb cash on cash return is 4.0%. The Airbnb occupancy rate is 60%
The median property price is $409,800. The price per square foot is $429. The price to rent ratio is 12. The average number of days on the market is 17. The monthly traditional rental income is $2,900. The traditional cash on cash return is 3.8%. The monthly Airbnb rental income is $3,060. The Airbnb cash on cash return is 3.5%. The Airbnb occupancy rate is 68%
The median property price is $426,249. The price per square foot is $570. The price to rent ratio is 17. The average number of days on market is 3. The monthly traditional rental income is $2,100. The traditional cash on cash return is 1.8%. The monthly Airbnb rental income is $3,292. The Airbnb cash on cash return is 3.2%. The Airbnb occupancy rate is 61%.
Oakland Real Estate Trends In 2018
The Oakland real estate market had the highest percentage of renters in the bay area with 58.9% of the population renting. According to data from Neighborhood Scout, the current percentage of units operated as rental properties in Oakland is 60%. Home prices in Oakland are the reason of low homeownership rate in the market.
The median price of homes for sale in Oakland is $ 782,704 according to data from Mashvisor, and Redfin reports that homes typically sell for around 12% above the list price. The median home value in Oakland is down 0.7% from a year ago and stands at $ 734,700. It is currently a sellers’ market that makes sense when you think of lower inventory and higher prices. Because it is the market of a seller, which means that the buyer’s request offers the provision of homes for sale.
2021 Foreclosure Statistics in Oakland
Oakland’s foreclosure fee is surprisingly excessive, at the least while comparing to the countrywide average. At 1.6%, one in every 5,894 houses in the “shiny facet of the Bay” is distressed default, public sale, or financial institution-owned. On the other hand, the neighborhood foreclosures fee won’t appear too excessive at first, however, it’s double that of the countrywide average. The USA as a whole, on the opposite hand, presently boasts a foreclosures fee of 0.8%.
The presence of the coronavirus has already begun out to grow foreclosure throughout the USA. As of April, pre-foreclosure made up greater than 1/2 of the city’s distressed inventory. As their names suggest, pre-foreclosure haven’t formally been foreclosed however, an alternative liable to being foreclosed on. Their proprietors have not noted to preserve up with loan responsibilities and on the point of submitting for foreclosures.
Nonetheless, those house owners were much more inspired to sell, as they could as an alternative now. They no longer need to record for financial disaster, too. That’s where actual property buyers come in.
Local buyers can assist strapped house owners financially to keep them away from financial disaster. Therefore, in advertising and marketing, house owners who are presently at the back of their loan payments (the data is made public at neighborhood courthouses), Oakland’s actual property buyers can grow their odds of finding their subsequent deal.
To slender the quest down even further, here’s a listing of the neighborhoods with the best distribution of foreclosure:
- 94603: 1 in every 2,572 houses is presently distressed
- 94607: 1 in every 4,099 houses is presently distressed
- 94605: 1 in every 4,167 houses is presently distressed
- 94611: 1 in every 4,420 houses is presently distressed
- 94618: 1 in every 7,464 houses is presently distressed
The Short Term Rental Market: Airbnb Oakland
With new policies being set on the quick-time period that enterprise each day, actual property buyers need to go after this approach to preserve adjustments to legislation
Planning policies presently restrict renting your single-own circle of a relative’s home, duplex, apartment/condo, live/paintings unit, or room for some time, much less than 7 consecutive nights. If you do, your brief period condominium enterprise could be handled as an inn as this hobby inside the Oakland actual property marketplace is stated as “Transient Habitation.”
Transient habitation isn’t allowed in a few residential and business zones in the Oakland actual property marketplace. So before investing in Oakland’s actual property, make sure your Airbnb condominium belonging complies with zoning.
About We Buy California Houses for Cash
We buy properties in the following Almeda County Cities: Oakland, Fremont, Hayward, Berkeley, San Leandro, Livermore, Alameda, Pleasanton, Union City, Castro Valley, Dublin, Newark, San Lorenzo, Ashland, Albany, Cherryland, Piedmont, Emeryville, Fairview and Sunol