Last Wednesday, ABC7 news anchor Reggie Aqui invited me over to his show to talk about the state of real estate in the Bay Area. Are we in a real estate bubble? Here’s a summary of what we talked about and what buyers and sellers in the Bay Area really need to know.
If you are looking to sell a home in the Bay Area, you will benefit from this content.
What the f—? A couple of months ago, I put out a video on YouTube talking about the housing bubble and how I didn’t think we were in one. At the time, I had some good reasons to think that. However, the numbers I was just looking at, and some anecdotes that I want to share with you have me feeling different today. So today, I’ve got two stories and a little bit of data that I want to share with you which I think you will find interesting. Hopefully, this will be able to help you make a good decision when it comes to buying or selling your home.
So the voting is over and California Proposition 19 won by the narrowest of margins, but it still won. But what does it actually mean to you? How is it going to affect your real estate transactions? I think in 2021, when Prop 19 really starts to get rolling, it is going to be a game changer for a lot of folks. It’s because even if you’re not one of the people who can take advantage of the new rules, it’s still definitely going to affect you and your real estate transactions. To get an overview about how it’s going to affect you, watch my video and read my overview of the new, special rules below.
Today we’re talking about Joe Biden’s tax plan and what I think it means for East Bay real estate. Whether you voted for Joe Biden or not, we’re looking at a new tax plan. In this video, we’re going to cover some of the high level things that they’re talking about, and what I think those might mean for you, as someone who might be buying or selling real estate here in the East Bay.
Is the bay area housing bubble going to pop soon? My prediction? No. Because we’re actually not in a bubble.
Before you make a judgment on this video because it’s a real estate agent talking about how we’re not in a bubble, just give me a chance first to tell you what I’m seeing. I did a bunch of research this week on this exact topic because I was going to make a video about how the market is a bit over inflated and we’re probably going to crash because that’s what everyone else is doing on YouTube.
Are you planning to add solar to your property or make an offer to a property that has solar in it? Solar power systems are near and dear to my heart as I used to sell them before, when I was training for the Olympics. In this video, let’s talk about solar power systems– does it really increase your property’s value and how it can change your buying or selling process.
As recently as last year, late September is usually the time that things start to slow down and start to sleep as we approach the holidays. As we get closer to October, there is typically less buyer activity and less inventory. This year, however, the air has just recently cleared out and instead of things starting to slow down, it seems like we’re actually picking up a bit. For today’s post, I will be giving an East Bay real estate market update for late September 2020 and share with you the reasons why we’re seeing a different trend.
“Have you been working out? You look great and I’m impressed with how much you can lift these days.” That’s my attempt at a joke regarding the East Bay real estate market right now. Seriously though, if you list out all the crazy forces that have occurred this year, our market is looking quite robust. COVID, BLM activism, Wild Fires, Unemployment, and all the news of people leaving the state, you would think that the straw that breaks the camels back has to be coming. However, our market keeps on banging out reps despite the added weight.
So you’ve watched my Real Estate negotiation tips for home buyers and sellers. This time let’s talk about other general strategies you can do to better your chances when negotiating to officially own the house of your dreams if you’re a buyer, or maximize your sales if you’re a seller.
Let’s get into it!