East Bay Sellers

East Bay Real Estate: Become A Buyer NOW!

Sellers need to have their homes standout from the “crowd” of similar homes currently on the market. Remember in my recent posting that Smart Sellers are on the market NOW!,  well, time is running out for Bay Area Buyers to continue getting the best buys.  Interest rates are rising, and so are home prices in many local East Bay markets.  Sellers need to become a Buyer NOW!

• Real Estate is always a local.  Know your local market! Many of the communities in the East Bay real estate markets are on their way back up from a three year meltdown.  Some communities still have a year or two left before they recover – primarily the $1 million+ markets. As a Seller you MUST know your micro-markets in order to price your home appropriately, or you won’t even get a nibble.  In addition, even the price ranges in each of the local markets make a difference as to which homes are more likely to sell quicker.  Real estate sales data to evaluate your situation can only be two to three months old because of the rapidly changing markets. And, make sure you have hired a Realtor who specializes in your local region. Read more

East Bay Sellers

2010 East Bay Real Estate Update: Smart Sellers Are On The Market NOW!

If you are a Buyer have you noticed that there are not many houses currently on the market in the East Bay?  Inventory is at one of it’s lowest levels in the last twelve months.  And, those houses that are on the market are not that spectacular.  What typically happens in the yearly real estate cycles is that January has one of the lowest months of inventory, AND there are many Buyers who want to buy homes.  In addition, there are several other factors that are highly motivating Buyers – buyer tax incentives until April 30^th, and the expectation of mortgage interest rates rising all the way through 2010.  The Buyers are absolutely correct regarding those buying factors!  SO…if I was a Seller,  knowing what I know about real estate trends and the 2010 market,  I would get my home ready for sale right NOW! The best prepared homes that are in turn key condition, and are priced at current market rates will get the highest prices that will be achieved in 2010! Read more