Northbrae Properties

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Home
Who We Are
Our Listings
Property Search
Buying A Home?
Thinking Of Selling?
Relocating?
Market News
Our Favorites!
Agents Only

Can't find it here?

Call 510 526-4336

From the Broker's Desk

After a wild and crazy seller's market things have started to cool slightly.  There is still plenty of activity, but not as many multiple offer situations.  Prices are slightly softer, and there is a small regional statistical drop.

Care must be taken, however, in applying this to Berkeley and environs.  Desirable homes are still attracting lots of attention, and although multiple offers may not be happening as often, they are still a regular part of the current market. 

Has the market cooled?  Slightly.  Is this a slump?  Hardly.  It is still a vigorous market by long term standards.   It remains an opportune time for realistic sellers, while buyers will find themselves with somewhat less competition than over the last couple of years. 

Anita

anita@northbrae.com (510)526-4336

WHY AN AGENT?

Reason #1

Because of our office's street exposure and the fact that we are located in a busy walking neighborhood we get lots of people dropping in with questions about the listings in our windows.  Many of these folks do not have an agent, and think in terms of only entering into a relationship with a Realtor when they find a home they like.  This might work in a slow "buyer's market", but not today.  Many homes are still selling so quickly that by the time the general public becomes aware of a listing it is already in contract.  Even newspaper ads have a lead time of several days.  Agents use the Multiple Listing Service for an instant access update on a 24-hour-a-day basis, and their clients benefit directly from this network.   Having an agent working for you is essential in today's market.

Quick Tip:

Moving-up or moving-down?

If you've outgrown your house it may be time to consider something bigger.  On the other hand, if your house has outgrown you, you might want to consider buying less home to deal with (or maybe a condo).  It used to be that you could get an offer on your next home accepted contingent upon selling your existing home.   That's not likely in this market.  However, the reverse is often possible;   selling your home contingent upon finding your next one, or simply selling with the ability to "rent back" as defined in the contract.  Want to know more about this situation?  Give us a call and we'll explore the options with you.

Fleeing the City!

San Francisco prices are driving buyers out of town to the East Bay. What’s hot: Homes a short hop from a BART station.

Berkeley’s ‘Burb!

Inventory shortage and rising prices are making it hard for some buyers in Berkeley. Check out El Cerrito – with two BART stations and easy access to 880. Prices remain affordable (for the moment) and there are some lovely houses both on the flats and in the hills. We sell lots of homes in El Cerrito and environs. Call us!

Vital For Buyers

Being pre-approved by a lender is essential for two compelling reasons:

  1. You know your budget.

  2. Sellers in this market expect it.

How do you become pre-approved?  Check out our page on buying a home.

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