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Archive for the ‘For Buyers’ Category

San Francisco may have more cache but…. many say we have better views from the Oakland Hills and we get to look at San Francisco, Marin and the Golden Gate!
What could be better than a luxurious newer home, stunning views and the East Bay Park lands right outside your door?
All this and it’s less than 15 min drive ( Google it) to Orinda or downtown Oakland so you can enjoy life on both sides of the tunnel!

Luxury and comfort go hand in hand at 11 Observation Place.

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Take a walk through!

To view the Website click the image Below.

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It may be a rainy start to the year but we’re in a fast moving early Spring market!
9 of our listings took offers last week and all but 1 are in contract with multiple offers.

My mid January Montclair listing at 1791arrowhead.com had its first open house on a very blustery rainy day. Serious buyers go shopping rain or shine.

Over 100 people came through the Sunday open house, drawn by the popular mid-century interior, online presentation and strategic pricing.
I would expect this activity in the Temescal or Rockridge but a traffic jam in the hills is less common!

With 35+ individual agent showings and 30+ requests for disclosures in the first few days the seller decided not to wait and took offers after the first Sunday and Broker tours.
Multiple offers came in from agents all over the Bay and 2 Oakland agents  prevailed with primary and back up offers accepted. ( buyers in this market usually benefit from a local agent and should NOT count on a second open house)


Explore the end of 2016 neighborhood data below!


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Do contact me if you have questions about the local real estate market, there is always more to real estate than the data!

 

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As agents we are constantly reviewing data and discussing market conditions, and at the end of the year we try to predict the future!

Let’s get as close as possible to that proverbial Crystal Ball!

Pacific Union CEO Mark A. McLaughlin and economists John Burns, Dean Wehrli, and Selma Hepp teamed up to present the third in a series of live economic forecasts.

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I’m happy to speak with you regarding your real estate goals in 2017!

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The question!  Are we in a seasonal or an adjusting market?
It’s a little early to say, but regardless it currently appears to be truly a tale of two markets.

The top end of the market may indeed have peaked mid 2015, but interest in houses currently varies from luke warm to red hot, with homes in the $1M-$2M range and in “latte factor” locations still exceeding the 2015 prices.

I’m not sure who tracks data for properties with ancilliary dwelling units, but the addition
of an “in-law” or “airbnb” potential in urban locations seems to increase the demand exponentially!

On the other hand, we are seeing ” still available!” ” an opportunity” ” no offers” in both the MLS and the agent publications many of us subscribe to.

Some of these homes are just priced too high to accommodate the still customary overbidding. Some are just priced too high.. full stop!

My recent listing at 1641 Josephine on a super desirable street in North Berkeley, appx half way between two Berkeley BART stations, the gourmet ghetto, Monterey Market and multiple restaurants and shops received 10 offers and will sell well over asking.
The expansion potential, potential for an in-law, great location, and good size yard all contributed to the popularity!

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Close to everything!

CLOSE TO BART

CLOSE TO BART

 

Sellers invested money, we invested time and expertize in making it shine!

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The market in general is likely to be settling, so sellers don’t dally too long, and buyers
it’s a good time to be out looking!

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I’ve listed several properties in the Oakland Temescal neighborhood over the last couple of years and delightful as they have all been this one is the grand dame!

The house feels more like a Rockridge or Elmwood home with it’s gracious entryway and large front porch, and my sellers believe it is older than the county records indicate and was likely built prior to 1910.

Painted and staged, a few light fixtures replaced, old window sash cords replaced, charity donations and  dump runs completed,toxic waste removed and we are ready to roll!

Visit : www.4415webster.com

Take a walk through with my fabulous  3D virtual tour !

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There are so many magical spots in Oakland and Christmas Tree lane on the border of the Maxwell Park area is one of them!
My latest listing used to be a run down sad story of a bank owned house.
7 years on and it’s been lovingly updated and given a new lease on life by my wonderful creative, talented and resourceful buyers!
Two fabulous Sunday opens, 25 offers (yikes, all that hard work paid off!) and it’s in contract!
The Website  www.5739picardy.com

Check out the super deluxe walk through 3D tour, below, which is not quite the same as visiting in person but very fun… and especially good on the phone!

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Super close to Mills College with its wonderful grounds and superb collection of specimen trees. Also one of my favorite hole in the wall restaurants Weang Ping which serves great Thai food … the wine may have just gone up from $2.00 a glass! Phuket style beach decor, ancient leather booths and a wonderful kitsch grotto entry. Plus you are close to 2 gas stations with diesel if you’re ever running on fumes as you head South on 580!

And for some more formal info on Maxwell Park visit:

localwiki.org/oakland/Maxwell_Park.

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Thank you to my clients who sent pictures of the Amaryllis I gave to many on my holiday visits! It is SO nice to see clients old and new during the holidays and SO amazing and inspiring to see those beautiful blooms emerging in the Spring!

And now the Amaryllis are fading and inventory is picking up and it’s time to buy a house!

Amaryllis2

Step 1. Consider how long you plan on staying?

In this type of market try to buy enough house that you don’t have to move for a while.
Historically we are in 8-10yr cycles between low and high points.
Every time you sell it costs you 8-10% of the sale price. Transfer taxes, broker fees, house prep.

Amaryllis

Step 2.  Find a good local real estate agent and choose a local lender.

I know…. many buyers out there wonder what agents do since there is so much information on line???!..…..it’s a bit like finding a lump and going to the doctor….…You go for their expertise and advice based on knowledge gained from the gazillion hours they spent training and years of experience in the field doing the same thing many many times and learning from each one. 

Amaryllis3

Step 3. Narrow down neighborhoods.

In this fast moving market you want to be absolutely committed and very focused when you are ready to write offers. Don’t just fall for the house!

Do research communities, crime, transport and imagine your lifestyle in different types of locations. Visit neighborhoods at night and weekends, talk to neighbors.

Are you so averse to driving you are willing to pay a lot of money to live in a shoe box near BART? Do you want some tranquility which comes with access to Park lands and an extra room for visitors to come and stay? How about schools?

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Step 4. See as many homes as possible in your price range. ( currently most sell over list price!)

You want to know how many homes out there don’t work for you…….so you know why you pay to get what you want! Do weekend open homes if possible, see the “NOs” then. Visit the more likely candidates with your agent.

Step 5. Steel yourself for competition and market conditions!!

Try to ignore list prices and not be upset thinking “Oh my god ….I have to bid $100K over to even stand a chance??!” Check SOLD data with your agent.

DO NOT BE FOOLED BY ONLINE REAL ESTATE VALUATIONS !!!!!!!!!!

Of the two dozen plus listings we recently analyzed less than a handful performed as indicated by the online real estate site. Many sold for way more money, some sold for way less money.

 

Hang in there!!  Inventory is picking up and there is a house for every realistic prepared and committed buyer!

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