Direct Line: 510-654-1280 ext. 449
Office: 510-652-2133

Email: diane@dianeverducci.com

APRIL 2005: IN THIS NEWSLETTER
  • Spring Market Update
  • Water, water everywhere
  • Buyers 4 Your Home
  • April Happenings
  • Fun & Helpful Websites
SPRING MARKET UPDATE

Selling homes this spring is more of a challenge than in previous years. I have discussed the bottleneck before but here are some thoughts being tossed around to explain our slow spring market:

  • We haven’t filed our tax returns yet,
  • Easter was almost a month early (usually signifies the beginning of the spring market),
  • interest rates are the same as what they were 6-7 months ago,
  • folks trading down are looking for a level home but the trade down changes their areas and reduces the amenities they are accustomed to
  • trading up seems possible with the low interest rates and availability of bridge loans or equity advances, but the newly assessed property taxes on a home just purchased are really hard to deal with.

    Several buyers or sellers will just stay put and add on or make changes to their present homes. This is always an option - until the contractor submits the bid for the work or doesn’t call back for a few weeks. It seems this year more than ever folks considering selling don’t have a place to go and there are plenty of buyers competing with one another.

    Whatever the reason, it is important to recognize the advantages of home ownership and to get into the market as best you can. Anyone considering buying or selling should acknowledge the market and position themselves to make the right move.

    WATER, WATER EVERYWHERE

    An excerpt from a poem I found titled Water Everywhere by Meish Goldish

    Water, water everywhere,
    water all around, water in the ocean, water in the ground.
    Water in a river, water in a creek, water in a faucet with a drip-drip leak.

    I love to sell homes during the spring months regardless of the challenges (see below). As I travel from Oakland through Berkeley, on through Kensington and Albany, I can’t help but marvel at the beautiful spring flowers, the blossoming trees and the green hills. The landscapes are fresh, the homes appear washed and the gardens bursting with weeds aplenty. Yes, there has to be room for everything. Spring is a beautiful time of year.

    And with the spring comes lots of water. Roofs leak and basements flood. That’s OK. Every problem has a solution and it’s not always so expensive to repair. However, if the owners have ignored the problem for years then the costs can escalate. Buyers, when performing their inspections, must prioritize repairs to a property and usually water related issues come first. If there is a great deal of work, the repair costs have a direct effect on the final sales price. We have several excellent trades-people in the area that can assess the problem. If you would like the names of these people, email me for their contact numbers.



    Call me at 510-652-2133 or
    Email me at diane@dianeverducci.com
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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.

    APRIL HAPPENINGS


    » Spring Rhododendron Walk
    John UC Botanical Garden's horticulturist on a tour emphasizing the culture of th Garden's Rhododendron species.
    UC Botanical Garden for more details

    » Berkeley Paths Wanderers
    A series of walks that are held on the first Wednesday and Saturdays of each month.
    Wildlife/Urban Walk - Wednesday April 6, 10:00 a.m.
    Recently Improved Paths - Sat. April 9, 10:00 a.m.
    www.BerkeleyPaths.org for upcoming events.

    » Annual California Wildflower Show
    The 36th Annual exhibition includes a profusion of native flowers.
    April 16-17 - 510-238-2200
    Visit www.MuseumCa.org calendar for more details on this and other events.

    FUN & HELPFUL WEBSITES


    » Berkeley Horticultural Nursey:
    Gardening Suggestions

    Planting tomatoes, Japanese Maples, A Gardener's Calendar and more from the Berkeley Horticultural Nursey
    » How Stuff Works: How DSL works, home improvement projects, how aspirin works, how digital cameras work...

    2005 Newsletter Archive
    January | February | March


    Listings/Sales |Find A Home | Home Email Updates | Clients Say | Resources
    Meet Diane | Schools and More | Broker's Tour | For Seniors | E-Newsletter
    Sales History | For Buyers | For Sellers | Earthquake Info | Home

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

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    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.