HAPPY ST.PATRICK'S DAY & EASTER!

MARCH 2005: IN THIS NEWSLETTER

Market Update
Buyers 4 Your Home
March Happenings
Fun & Helpful Websites

MARKET UPDATE

It has been one crazy month, primarily due to lack of inventory in our market. This covers a large area, from Richmond, El Cerrito, Kensington, Berkeley, Albany, Oakland to Piedmont. There are plenty of buyers who are placing bids on properties way over the asking price, without contingencies. In fact one property located just west of Telegraph Ave., priced reasonably, had 45 offers. More information:
A. Interest rates remain low,
B. The seismic rebate from the transfer tax is still in place for Berkeley,
C. Still no clear answer for the Creek Ordinance but Berkeley Mayor Bates has formed a panel for discussion.
D. If homes located in the Fire area of Berkeley have decks that need to be replaced, there is a special building code that requires heavy timber. This wood is larger in size, heavier, difficult to work with and obviously more expensive to purchase and install. I have copies of the code if you are interested.

For daily computer entertainment I subscribe to 'Word of the day' on the internet: www.merrian-webster.com and just recently came upon 2 words that may define buyers actions in our market.

The first is aleatory, adjective, and defined as 'characterized by chance or random elements'. This best defines the successful bidder on property.

The second word is vicissitude, noun, defined as
'a: a favorable or unfavorable event or situation that occurs by chance, a fluctuation of state or condition;
b: a difficult or hardship attendant on a way of life, a career, or a course of action and usually beyond one's control;
c: alternating change; succession'.
This is when you are in a back up position for a property and the first transaction falls through and guess what - you really are the winner.

So here comes the "SPRING MARKET" and I am sincerely hoping for all of you that it will be lively and offer a great selection of properties.

Call me at 510-652-2133 or

Email me at diane@dianeverducci.com

RESOURCES FOR
BUYERS AND SELLERS

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BUYERS 4 YOUR HOME

Let's see if I have a qualified buyer for your home. It could be the perfect match:

House Type - up to $850,000 - single family home
Description: Buyers have one son, looking for a home in No. Berkeley so son can attend King Middle School. 3 Bedrooms would be great and something that doesn't require a lot of work.

House Type: - up to $1,200,000 - single family home
Description: Top of Buyer's wish list is a large garden, traditional style home in North Berkeley or Elmwood. 4 Bedrooms, a master suite. Their family often visits so need plenty of space.

House Type: - up to $700,000 - single family home
Description: Buyers with twin baby girls currently in a rental. 3 Bedrooms would be great - 2 will do. Just a few stairs, easy access to a garden. Berkeley, Albany or El Cerrito.

MARCH HAPPENINGS

» Old-Fashion Easter Celebration
Tour the mansion www.dunsmuir.org, colorful Easter Egg Hunt and other festivities for kids.

»Places To Go!
Annual White Elephant Sale Museumca.com Acres of bargains benefiting the Oakland Museum of California. (510.238.2200)

FUN & HELPFUL WEBSITES

» Travel WebSite: Seat Guru
Your Enlightened Guide to Airline Seating. Compare seat width of different airlines carriers, find a seat with extra leg room or know which airlines have laptop power at your seat, plus more.
» Food WebSite: Wikipes Global Cookbook
A community-contributed recipe database, where you can contribue your own recipes. A diverse collection of unique and delicious recipies.

Newsletter Archive
January 2005 | February 2005

Diane@DianeVerducci.com | 510-654-1280 ext. 449

Copyright 2005, Diane Verducci. To unsubscribe send a blank email to unsubscribe-news@dianeverducci.com

This in not intended as a solicitation if your property is currently listed with another agent. Diane Verducci and The GRUBB Co. believe all information to be reliable, but assumes no legal responsibility for its accuracy.