THE SECOND STORY | March 19th, 2020

It’s a bit weird in the real estate world…..

….and in the whole world. But somehow the weirdness brings out the best in people. I think folks are kinder and smile more readily (even with the face masks on).

 

The above is a sign on the third floor of Alameda’s City Hall. It’s not always so calm up there….but I took the photo over 5 years ago. Now it really means something. May you find peace, calm, satisfaction, and wellness in all parts of your lives!

Needless to say, clients, potential clients, friends and neighbors, are calling, em, texting, stopping me in the stores, and want to know what is happening in our local real estate world. I spoke with a couple this morning (we tried Zoom, but couldn’t get it to work), so we just used our phones.

My response to these folks is: I can’t predict the future. I’ve been through a few of these man-made and/or nature-made events over the years. I may be able to tell my clients various scenarios of what may happen…but there is NO guarantee.

Most of us, in compliance with Gov. Newsom’s order, won’t be holding any properties open, even for the broker tour.  And that’s a good thing!

That doesn’t mean that an agent can’t open up a vacant house and show their buyer(s). They can.

BUT…should an agent ask permission to get into an occupied house? NO! Who would want a stranger inside of their property….even if they’re desperate to sell it? Under today’s circumstances…no way!

In fact, I think this Coronavirus will change the way MOST real estate agents will do business, even after it’s left our lives.

I never show a property unless I have a meeting with the potential clients at a Starbucks, Peet’s, Blue Dot, Wes Cafe, etc.  We have a chance to ask questions of each other, and then we’ll make a decision whether to work together, or not.

Most of my clients come from referrals, not me door-knocking, not me rounding up and hounding people at open houses.

ALAMEDA’S REAL ESTATE MARKET THIS WEEK

Definitions:

MLS=Multiple Listing Service 

AC= active contingent (the buyer needs to sell something before s(he) can complete the transaction. In this instance, another buyer might write a back-up offer. If the primary buyer can’t meet the contract deadlines, it’s bye-bye to the first buyer. And the back-up offer moves into the primary position. Be sure your agent explains all of this to you! You do NOT want to lose your deposit to the Seller.)

BOM=back on the market (could be that the buyer had some conditions in the contract that s/he couldn’t meet in a timely manner).

PCH= price change (seller either raised or dropped the price)

PSB=pending sale (seller & agent wants backup offers)

REO=  Real Estate Owned by the lender (The seller may have stopped paying the lender, was behind a few months, etc. It’s a foreclosure!)This the first time in years that I’ve added this to our list!

33 Active 

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49 Pending

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11 Sold

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OK. That’s my 2 cents worth for now.

Stay calm, cool, and do something great for your neighbor(s)! Even if that just means checking in with them, in person!

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!