Sheila Sabine - What's the buzz in the marketplace?
Inventory low – prices high Low interest-rates - 3.5 fixed 30 year mortgage 38% of all sales are cash - The funds are coming from families and inheritance Tech buyers are coming from Uber, Google,and Twitter TRENDs The urban corridors now outpacing the hills. Walk score increases value-go to www.walkscore.com to find the walk score for your home Starbucks effect – 20% increase in house value Walking – coffee – bike lanes-public transportation are a new definition of luxury MARKET We are not at the high-end of the cycle This is not a bubble Most inspections are performed in advance of marketing the home There is an average of 3 to 6 offers The percent over asking Price depends on location, comparable comps,property presentation No contingencies with offers NEWS-FLASH The Grubb company is opening a new office in the heart of uptown Oakland at 100 Grand Ave. The opening will occur in Septe...