Home Disclosures Gas Odor in the House An agent friend with another brokerage called me to ask my opinion regarding a gas odor in the house. She said, “Ernest, an agent who was showing my listing smelled gas and called the fire department!! My Oakland listing is in contract. The buyers, who have removed ALL contingencies, are also saying there is a […]
Home Sales Report Oakland Sidewalk Ordinance (Temporary Suspension) Oakland sales have a new requirement: Sidewalk Ordinance. This requirement resulted because too many people were tripping and falling on the uneven, cracks, and holes on the sidewalks. And then, the people were suing the City. For example, an uneven sidewalk caused caused a man to trip and fall on June 12th. The fall resulted […]
Oakland What Real Estate has to be Grateful for in 2020 It has been a tough year. No question about that. But the housing market did have many bright spots. Booming home sales Record low mortgage rates Seller equity Technology New priorities Affirmation of Realtor value The sanctity of the home It still hard for buyers as the housing inventory continues to be low and very […]
Oakland You Want It? You Write it! We’ve all been down that road before. We show up with our buyers at the property after closing escrow and the racks in the garage are gone. The Ring doorbell has been replaced with some tacky plastic “Brass” doorbell, or the mirror in the bathroom is now a cheap Home Depot replacement. We thought certain […]
Home Sales Report Don’t Lose Your Deposit Money – Contingencies Because of the competitive situation in the San Francisco Bay Area, some agents are writing offers without any contingencies. Or listing agents are telling buying agents that in order to be considered, the offer should have no contingencies. Contingencies protect the buyer’s deposit money in case buyer wants to cancel. Remember that in a real […]
Home Sales Report Future of Real Estate Market After COVID-19   What will the market do after COVID-19? What will it look like? There are various opinions. A short survey done in May found that some Latin agents think that the market will go down. It was hard to determine when and by how much. The change probably would happen by the middle or end […]
Home Sales Report 2020 Home Buyer Trends (NAR) According to the Census Bureau’s Housing Vacancy Survey (HVS), the USA home ownership rate reached 65.3% in the 1st quarter of 2020 vs 64.2% in 2019. It increased! Go figure! First-time buyers made up 33% of all home buyers, the same as last year. Fifty two percent of buyers 30 to 39 years and 88% […]
Oakland Sequoyah Market Update Feb 27, 2020 Happy New Year 2020! I trust you are doing well. 2019 4th Quarter: Though homes took a little longer to sell, the inventory was stable, and prices went up by $50,000. One of the most important things right now in 2020 are the low interest rates, which appear to be staying low. With low interest, […]
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Oakland Sequoyah Market Update – Oakland CA 94605 As the 3rd Quarter (July, august, September) approached there was the expected seasonal slowdown in sales (23% fewer) and a dip in prices (about 10%, althought there are several variables such as price, home size, condition, desirability, and mortgage rates). Most analysts are seeing a peak in prices until the Spring of 2020 and beyond […]
Uncategorized 4 Affordable Things You Must Do Before Putting Your Home on the Market image via Pexels Buying a home is one of the most significant investments the average person makes. As a seller, you must be willing to put in the work to for a sale, and convince someone that your house can become their home sweet home. Keep in mind that first impressions are everything, and a […]
Uncategorized 705 Calmar Ave. Oakland CA 94605 Home For Sale   705 Calmar Ave. Oakland CA 94610 Fixer Upper – TLC 2 bed, 1.5 bath, 1,606 SF, lot 8,450 SF, built in 1922. Sweet Crocker Highlands home will shine with a little TLC. Welcoming foyer and its dark wood floors flow right into the formal living room adorned with wide wood baseboards. A fireplace with […]
Uncategorized Reaction to Pest Reports   Agents always worry about the results of a pest inspection. The fear is that it will come out bad or too high. That was the case in a fourplex I was selling. I thought, “What will the owner say? What will the buyers think?” The damage came out around $65,000. That’s a lot. But […]
Uncategorized 1815 Mission St. Santa Cruz CA 95060 – For Sale $599,000 Located in the West Side of Santa Cruz near restaurants, shops, and businesses. Starbucks is right on the corner. Good layout, 2 bed, 1 bath, with living room and dining room. Living room has a fireplace. Jack and Jill bathroom. It needs work like new windows, and floor. It will need other things too…it’s a […]