Out of Area Sellers

By April 28, 2015 @ 1:11 pm

Screen Shot 2015-04-28 at 2.07.51 PM
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.

Cheers!
Krista

Buying vs. Renting – is it worth it?

By April 27, 2015 @ 11:11 am

fannie-mae-freddie-macSo 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

 

What is this Crazy Market Going to Do?!?!?

By April 22, 2015 @ 10:00 am

30 year trends

30 year trends

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:

  1. What is this crazy market going to do?! Is there any data we can look at to give us a sense of what the market has done and what it may do in the future?

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?

 

Bay Area Takes Top 3 Spots for Worst Place to Rent

By April 20, 2015 @ 11:43 am

Price of a 1 bed rental around the Bay Area.  Via RadPad.

Price of a 1 bed rental around the Bay Area. Via RadPad.

We already know that the Bay Area is already a difficult market to buy in, but did you know that it is also becoming increasingly difficult to rent in as well?  I am constantly shocked to hear how much our buyer clients are paying in rent, which also explains why they are seeking out a mortgage instead.

Forbes just released a recent report ranking the best and worst rental markets.  Amazingly, California took more than half of the top 10 spots, with 3 major Bay Area cities taking the top three.  We all knew that San Francisco would hit the #1 spot, where rents have surged 12.8%.  Oakland takes the #2 spot, and San Jose pulls in at the 3rd worst city to rent in.

Best place to rent?  Indianapolis.

With vacancy rates under 4% in each of these three cities, when will the madness stop?

Still love this map by RadPad, which shows where you would have to live to get a decent pad.

Rethinking Your Stairs

By April 10, 2015 @ 2:53 pm

MC Escher, Penrose Stairs

MC Escher, Penrose Stairs

Stairs.  One of a flight or series of steps for going from one level to another, as in a building.  A collective of steps.  A series or flight of steps.

Many homes in our area feature gorgeous, wooden stairs, complete with wooden balusters and handrails.  Many feature large, stately posts while others are lined in classic wainscoting.  Some are wood, some are not, some are painted, some are not.

What all stairs have in common is that they are a “well of light affording interconnecting views from one level to the next.”

What does this mean when it comes time to sell?  If your stairs can be seen from the front door you would be best suited to ensure that they are a focal point.  Are they clean, well-lit, open and inviting?  Or are they dark and scuffed?  Are the pictures in the stairwell artfully designed to create warmth and comfort?  Is there a light fixture?  If so, what sort of a story does it tell?

One of my favorite memories growing up was using our stairs as a slide.  Maybe that would be a good marketing point as well.

Need some cool ideas on what to do to your stairs to make them alive?  Check out our pinterest page:

www.pinterest.com/perchd/stairs/

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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.

Recent Posts

Buying vs. Renting – is it worth it?
April 27, 2015
By Rosie Papazian
What is this Crazy Market Going to Do?!?!?
April 22, 2015
By Rosie Papazian
Bay Area Takes Top 3 Spots for Worst Place to Rent
April 20, 2015
By Krista Miller
Rethinking Your Stairs
April 10, 2015
By Krista Miller
Bay Area Sunsets…
March 24, 2015
By Krista Miller

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