3007 Hyde St., Oakland aka “The Sweetest Oakland Home!”
Lived in for the past 7 years by a pastry chef / party blogger, an executive chef, a curious 9 year old boy, and their 4-legged friends.
“The Sweetest Oakland Home” is full of life, energy, style and pizazz. Graced with designer colors, a retro kitchen, and a fab-u-lous-ly fun backyard.
Don’t believe me? See for yourself! We will be open this weekend.
Hey guys! We just listed this Sa-weet condo in the Gourmet Ghetto – 1828 Delaware Unit 2. We held it open on Thursday and the feedback was great! Located in a quaint, 4-unit building this condo boasts privacy, community, creativity, and convenience. What is so special about this great condo is the yard…the PRIVATE yard. Yes! Deck, garden, roses, redwood trees, passion flowers, side yard…all belong to Unit 2 and ONLY Unit 2! In addition, there is a detached storage shed WITH laundry, also exclusive to Unit 2! And assigned OFF STREET PARKING!
W H U T ?
This unit is really special.
So here is the deal. People are quite surprised at the list price per/sq foot. But let me put things into perspective. We realize that the list price/sqft is $914. But did you know that…
My point is that with sales prices increasing, the price/sqft will also increase.
A 2 bedroom house in Berkeley could cost you: $1.2mil (Russell), $1.02mil (Oxford), $962k (Cornell), or $800k (Gilman). Seems to me that this is actually a great price to be able to land a 2 bedroom WITH a yard in the Gourmet Ghetto!
Close to Trader Joe’s, Chez Panisse, Monterey Market, North Berkeley BART, Totland, Solano Ave shops and restaurants, Cheeseboard Pizza, UC Berkeley, Downtown Berkeley, Live Oak Park, Andronico’s, and so much more!
Did you know that you don’t have to be here to sell here? With the age of the internet and technology it is easier than ever to sell your home from afar. Sometimes I never even meet the seller face-to-face.
Texting, email, e-signatures, and skype have all made it so easy to communicate that it isn’t necessary to be here. You could be selling your Albany, CA home and living in Albany, NY. You could be living and working in Seattle and need to sell the Berkeley condo you bought for your kids while they were attending Cal, but now live back in Seattle (hopefully not with you!).
With electronic contracts and forms I can easily email you all of the required documents needed to sell your property. While you are doing your day-to-day activities from your city I can be meeting with contractors, inspectors and stagers. Once a buyer is found you can electronically sign all contracts needed to ratify the sale. You do not even need to be here to sign the closing papers, the money can be wired directly into your account.
So if you are living in Denver and need to sell in Rockridge then give me a call, I am here to help.
So assuming that it’s a good time to buy, that buying is a good investment in the long run (even if there is a downturn, there will be a recovery), what is the trade off between buying and renting? Are there benefits to buying?
You probably already know the answer but the general consensus is that buying is better than renting. Even in a down market, it might take a few years to see the financial benefit of buying but in the long run buying creates wealth, increases net worth and creates tax benefits that renter don’t see. The New York Times had a great article talking about the benefits of buying. To see the whole article, click here)
To see some great graphs and hear a great explanation of the financial benefit of buying vs. renting, check out the greatest video made by friend an colleague Stew Sweet from RPM Mortgage:
To answer the question based on your own finances, check out the Rent vs. Buy Calculator from Realtor.com
Struggling to buy in today’s market, buyers, new and experienced alike are beginning to ask really big questions about jumping into such a competitive market knowing that they will most likely be “house rich but cash poor”, that they may not be able to afford the taxes the first few years and eat ramen to make ends meet. One client, in particular, asked:
Looking at long-term trends is the best way to get a sense of where the market has been and where it might be going. The Paragon Real Estate Group has pulled together some great data that show 30-year trends. (to see more data from Paragon, click here)
In looking at the graph, you can clearly see recession, recovery and plateau cycles – three of them in the last thirty years. Seems to stand to logic that some areas in the Bay Area were harder hit during the recessions and maybe didn’t recover quite as quickly as San Francisco but as we are seeing now they do recover eventually (see recent report that Oakland prices are up 50% in the last year).
Looking at this graph, how do you feel about buying a house in the Bay Area?
Powered by Berkeley Hills Realty we are a local, top producing Real Estate Team with a bird's eye view of the real estate market in the San Francisco Bay Area. Hold on tight and check back often – real estate in the East Bay is movin' and shakin' and will surely keep you on your toes.