THE SECOND STORY | November 24th, 2011

Color blast!

Blog photo:  This tree, along Otis Drive just before the Bay Farm Bridge is in the parking lot of the Raven’s Cove condos.  It was so brilliant I had to backtrack (not backup) to get to it and take the picture.  I don’t recall seeing so much autumn color in Alameda in a long time.  We get some of the east coast pleasure of fall, none of its weather!

Blog post:  It’s Thanksgiving night and I hope you’ve had a lovely day.  True to the holiday season, inventory is shrinking a bit…some listings expiring, some being withdrawn. 

I find myself reminding agents who are showing property to not bother after 4pm.  It’s dusk then and just  too hard to really see a property properly.  Buyers will need to go back again if there is interest at all OR miss some nice qualities that could end up being of some interest to them. 

Buyers looking at this time of year , along with Sellers staying on the market are usually pretty serious.  The upside to the Sellers is there is not quite so much competition.  The downside is there are not as many showings.  If there were few showings to begin with,  and if a price hasn’t changed to re-inspire Buyers the number of showings may still be low.  The upside to Buyers is Sellers may be fairly motivated.  

When it comes to decorating a house for the season I tell Sellers to forget it.  They are selling a house and people need to see the house…not all the small trinkets that bring fond memories, not the monster big tree taking up half the room.  Maybe put some seasonal color and/or plants in the front yard or entry, and a door wreath.   Be sure that the walkways and front and back yards are swept of leaves!  It’s most important to keep the house in the best light (inside and outside) possible. 

This time of year I find myself working closely with clients who are going to sell.  They need to get their inspections done so we can start master-planning their sale.  It can mean small and large repairs, getting bug treatments, clearing out, clearing out, and clearing out.   And did I say, clearing out?  Sometimes it means taking a tour of other properties on the market to see not just how they look but how the market has responded to them.

I often wonder how long it would take me to ready this old beast if I wanted to get it on the market.  And then I do the repairs I previously chose to ignore.  I may have said it many times before but one of the super side-benefits of helping folks get serious about what it takes to sell, is coming back to my house and throwing things out, recycling them, or giving them away.  Mostly I have to admit some things are just not worth anything to anybody.


ALAMEDA REAL ESTATE THIS WEEK….
Quick glimpses:
-Inheriting a home with a loan…NYTimes  This is a super article.   What are your options if the property you inherit is worth less than the loan?
-The 1% are turning to auctions to sell their high priced properties  WSJ   Another excellent article.

Unsold inventory this week 166, 183 last report.

Pending inventory this week  100, 103 last report.


Highest and Lowest Priced NEW Listings this week.

Tuesday Broker Tour  only 1 listing on the tour, a BFI townhome.  Still, it made for a decent bike ride!  Tuesday before Thanksgiving is very quiet.

NEW  4
BOM (back on market)  0
REPOSITIONED PROPERTIES (price changes)  6
PENDING  9
SOLD  10
EXPIRED  4
WITHDRAWN TEMPORARILY  3
WITHDRAWN CANCELED  2

THAT’S A WRAP!

PER TRADITION  THE SECOND STORY GOES INTO HIBERNATION AND REJUVENATION FOR THE MONTH OF DECEMBER!  I RARELY MISS A WEEK AND I DON’T THINK I MISSED ONE THIS YEAR.  IT’S NICE TO NOT HAVE TO THINK ABOUT WHAT I’LL BE WRITING ABOUT AND WHAT PHOTO I’LL USE FOR A  WHOLE MONTH!

I’LL PICK IT UP THE FIRST THURSDAY OF JANUARY AND GIVE A FULL SUMMARY OF DECEMBER!

HAPPY HOLIDAYS AND A HAPPY NEW YEAR!  IF YOU HAVE REAL ESTATE QUESTIONS GIVE A CALL OR SEND AN EMAIL.  I’M STILL WORKING!

BEST, MARILYN

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Marilyn

I arrived in Alameda in 1973, as a new bride...with husband Carl Schumacher, both of us from Newport Beach. He was embarking on his career as a Naval Architect (i.e. yacht designer) under Gary Mull. Please see the 'ABOUT ME' page in this website! www.MarilynSchumacher.com to see how it has all turned out! I'm so blessed!

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