What's Up Oakland

Did you know? You don’t always need a perfect credit score to buy a home.
Loan types and qualifications vary, so you may be closer to owning a home than you think.
If you want to explore options that might work for you, reach out to a trusted lender.

Oakland weather can go from calm to stormy faster than you can find your umbrella. Our latest blog post outlines crucial steps to prepare your home for Mother Nature's unpredictable mood swings, ensuring the safety of your home and loved ones. Learn how to stay a step ahead.

Prepping Your Oakland Home for Mother Nature’s Mood Swings Learn essential steps to prepare your Oakland home for natural disasters, ensuring safety and minimizing damage with comprehensive tips.

Thinking about buying a home? It’s important to know how mortgage rates can affect your monthly payment. Because even a slight change in rates can have a big impact.

Overall, rates have been trending down lately. So, this could be your chance to make your move a reality. Send me a message today if you want to talk about starting your search.

If you’re thinking about buying a home, there are 3 reasons you may want to make your move this fall.

1) Inventory is growing, giving you more options
2) Newly built homes may be more budget-friendly than you’d expect
3) Mortgage rates have come down from their peak last October

Want to talk about what this means for your move? DM me.

Excited to to an open house for 2311 Gloria St. In El Cerrito. Today and tomorrow from 2:00-5:00 p.m.

https://nam12.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.cbhometour.com%2F2311-Gloria-St-El-Cerrito-CA-94530%2Findex.html&data=05%7C02%7Cpamela.oettel%40cbnorcal.com%7Cbc8cf04680024e90053408dcbd4b6677%7C28743320645e48408154b4babd41162c%7C1%7C0%7C638593378755503855%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=yhIdPYij7FK1XS0KZXrWM%2BcP%2BtUIGaik4ceK4IwmvRw%3D&reserved=0




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Have you heard of the Great Wealth Transfer?

Over the next 20 years, roughly $84 trillion is expected to change hands from Baby Boomers to Gen X and Millennials.

And as it’s passed down, it’ll impact the housing market because it should help younger generations be in a better position to afford homes.

Good news for all the buyers out there.

The supply of homes for sale has grown significantly this year. There are 36.6% more homes actively for sale compared to 2023. This means more options for you.

But this doesn’t mean we have an oversupply. Inventory is still almost 29% lower compared to more normal years like 2017-2019.

Facing the Oakland home dilemma: To revamp or to pack up? Check out our latest guide offering informed perspectives to help you navigate this decision with your lifestyle and budget in mind. Explore what's best for you - renovation or relocation. Dive in for a detailed look.

Revamp or Pack Up? Oakland's Guide to Home Choices Navigating the dilemma of renovating or relocating within Oakland and its environs, this guide offers residents informed perspectives on making the best choice for their lifestyle and budget.

Getting ready to sell your house? Here’s the scoop on home inspections and how to prep for them.

As more homes hit the market, buyers are regaining some negotiating power. That means it might be a good idea to tackle some key repairs before listing.

But how do you know which ones are worth it?

Expert advice is key. Let's chat so you know what to prioritize.

Have you heard the good news?

Mortgage rates are down a full percent from their recent peak.

And if higher rates were the biggest thing keeping you on the sidelines, this may be exactly what you were waiting for.

If you’re ready to jump back into the market, DM me.

Thinking about selling, but not sure where you’ll go?

The good news is the supply of newly built and existing homes for sale has grown this year. That gives you more options – each with their own perks.

So, which will you choose? A charming existing home or a shiny new build?

Let me know which features you’re looking for in your next home. Drop your answer below.

Ever wonder if investing in Oakland's real estate market is more fruitful with single-family homes or multi-unit properties? Our latest blog breaks down the perks and quirks of each to help you make an informed choice. Curious? Dive into our analysis.

Investing in Oakland: Single Homes vs Multi-Units Deciding between single-family homes and multi-unit properties for investment in the Oakland area? We break it down for you.

Right now, over 2/3 of homeowners have at least 50% equity in their homes.

And that much equity can go a long way toward buying a new place.

Curious about how much equity you have? I can walk you through a Professional Equity Assessment Report on your house. Drop a comment below if you’re interested.

Homebuyers are getting a bit more negotiating power these days.

And if you're buying or selling, it’s helpful to know what’s up for negotiation so you go in prepared.

From prices and repairs to closing costs and appliances, there are various levers you can pull during the deal.

If you want someone to help navigate these conversations and advocate for you, DM me.

Wondering if a housing market crash is on the horizon? Think again.

Unlike 2008's oversupply issue, today we're facing an undersupply of homes.

From existing homes to new builds and even foreclosures, all inventory levels are significantly lower than during the last housing crisis.

The numbers are clear—today's inventory conditions are simply not the same.

Caught between caring for your kids and aging parents? Here’s some good news.

In a recent survey, 1 in 3 people in this same situation find it actually makes it easier to afford a home.

That’s because a multi-generational home has big financial perks like sharing expenses and built-in childcare.

If you want to talk about whether this type of home is right for you, DM me.

Trying to decide if you want to sell or rent out your house once you move?
There’s a lot to consider – especially when it comes to figuring out if the profit is really worth the potential pains you might come up against.
Pro tip: Talking to another landlord plus professionals (like me) can help you decide what’s best for you and your situation.

Let’s talk about equity.

On average, homeowners gained $28,000 over the past year and have a grand total of $305,000 worth of equity in their homes. That’s a whole lot of leverage for your next move.

Curious about how much you have? Let’s do a Professional Equity Assessment Report. Comment “Equity” below if you’re interested.

Thinking about investing or setting up camp in Oakland? Discover how to spot the next big neighborhood before it's all over your feed. From art hubs to tech invasions, we break down the telltale signs that a neighborhood is about to boom. Dive into our latest post and get ahead of the curve.

Discovering Oakland's Next Big Neighborhood Uncover strategies to spot the next sought-after neighborhoods in Oakland and surrounding areas for promising investments and housing opportunities.

During the pandemic, home prices soared due to high demand coupled with low inventory and mortgage rates. But that rapid appreciation couldn’t last forever.

Now, data confirms prices are still rising, just more moderately.

This healthier pace is actually a good thing. It means home price growth is normalizing.

DM me if you want more details on prices in our area.

Looking to buy a home soon?

You’ll want to avoid common mistakes that’ll cost you time, frustration, and money. This includes things like putting off your pre-approval, holding out for perfection, and more.

And having a pro like me on your side is the best way to do that.

Have questions or need advice? Feel free to drop them below or DM me.

New trend alert.

The median price for new builds has dipped lower than the median for existing homes.

Plus, some builders are tossing in sweet perks like competitive mortgage rates and free upgrades.

So, if you aren’t already considering brand-new homes, it may be worth looking into. Drop a comment with your dream home feature, and let’s find your perfect fit together.

Thinking of investing in a fixer-upper in Oakland? It’s a mixed bag of opportunities and challenges. From the thrill of customization to the gritty reality of budget overruns, we dive into what it truly means to transform a fixer-upper into your dream home or next big investment. Curious? Let’s weigh the pros and cons together. Find out more about making a smart choice.

Fixer-Upper in Oakland: Smart Buy or Financial Sinkhole? Discover the pros and cons of buying a fixer-upper in Oakland and the surrounding areas, from customization potential to unexpected renovation costs.

Do high prices at the gas pump and grocery store have you worried more people are going to fall behind on their mortgage payments?

If you’re thinking that’ll lead to a surge of foreclosures, let this reassure you.

Serious delinquencies (loans that are 3 or more monthly payments past due) are on the decline – so there’s no wave of foreclosures on the horizon.

Choosing the right agent is a big deal.
One key thing to look for? A local real estate expert.
You want to find someone who knows the area like the back of their hand, including where you're most likely to find the home you're looking for.
It can make a world of difference in your homebuying journey.