The photo was taken from Ballena Bay, today, looking towards foggy San Francisco.
We call it instant air-conditioning!
And it's climate-friendly...(until it's not)!
Below are some of the headlines/emails that have been sent to me in the past week, by unknown Realtors/agents, from... all over! I copied them but put XXX's instead of the numbers for the addresses.
-XXXX Roundhill, Alamo CA -$200K price reduced. Morning. Hope everyone is doing well. Price just got reduced this morning to $3,499,000. Please bring your Buyers by and let’s make a deal. Motivated seller!!!
If you can't tell by the announcements /ads above, agents are learning that the market has changed.
And so have the sellers. These days Sellers don't want to spend extra $$$ for quality photos. They don't want to spruce up the house (painting, gardens, floors, walls). The good old days of late 2020, 2021 and early 2022 are over. And with that the pricing is, too!
The time has arrived for those who can purchase fixers (in a good location) and can either pay somebody to do the work after the COE, or do it themselves.
BUT we all know that folks are moving to places less expensive and moving to places where family is located, and even downsizing.
However, where is the first place you look for real estate? I think it's the internet or maybe talking to your neighbors in the 'hood.
Sure interest rates are a bit higher, as we adjust ourselves to the post(?) pandemic life. The primary thing you want to consider is the location.
But for now the secondary items are: climate change, and extreme weather. And these items are working their way into the first position.
Let's get to the real estate portion of this email.
DOM - Days on Market
BOM - Back on Market
PSB -Pending sale, backup offers wanted
Contingent - on the sale of another property
REO - Real Estate Owned (by lender i.e. foreclosure)
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