berkeley real estate

Scary Market Data - Knowing is Half the Battle

I really wish I could keep this blog gorgeous, light and airy for the simple fact that you, I and most of the rest of the world probably would rather see that than scary, sad and depressing.  Unfortunately, harsh news is sometimes unavoidable if we’re being totally real about the crazy East Bay real estate market. And since I’m an East Bay Realtor, I kind of have to go there sometimes.

So today, I’d like to be of service to anyone who is having trouble sorting out the insanity that is the East Bay real estate market.  This San Francisco Chronicle article gives some insight into the madness that is the huge disconnect between asking and sold prices and how appraisals don’t always match what buyers are willing to offer.   

The good news is that buyers who understand or who have a Realtor who can help get them up to speed can develop a much better plan of attack than those without this critical info.

Okay, that wasn’t that bad, was it?  Now here’s a photo of a little buddha from my trip this weekend in Ojai to help restore calm and beauty. 

How The East Bay Real Estate Market is Like Double Dutch

You might not think so but buying a house in the fast and complicated East Bay market is not that different than double dutch. Just like in double dutch, from the sidelines (ie watching friends try to buy, trolling Zillow, etc), the market looks fast and confusing.  And just like a double dutcher newbie who gets slapped around by the ropes the first few times they jump in, if you're making offers in this market, you'll probably feel like you're being slapped around by the competition. 

Ultimately, the same rules for succeeding in buying a home here apply in double dutch:  persistence, preparation and fast movement pay off. In double dutch, if you have your tennies laced up tight, you're mentally prepared and you keep trying, eventually you'll get the hang of it.  As for buying a home, if you're preapproved and ready to pounce  and looking at homes that are more or less within your price range, if you keep at it, you will eventually succeed. 

I know it's rough but don't give up!