Jon, Home Seller in Thousand Oaks (Berke...

Is next February a good time to sell my house in the Thousands Oaks neighborhood in Berkeley?

Asked by Jon, Thousand Oaks (Berkeley) Sat Nov 10, 2007

I am concerned about selling now (November) because of the end of the year lull. But if I sell next February, will buyers be out looking?

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11
One thing to consider is the ratio of buyers and sellers... there are more buyers in the early part of the year than during the holidays... but there are also more homes for them to consider!

What's most important? To put your home on the market at the right time for you! When do you need to be where you want to be... and work backwards from that time.

Will you be transferring your low Proposition 13 Tax Base to your new home? There are some important benchmarks when deciding when to sell.. and when to buy... and the relative prices of your new and old homes. We can send you our special report if you're thinking of transferring your low tax base to your new home.

The most critical factor? Making sure that your home is priced properly. Well priced homes sell quickly, overpriced homes take much longer, if they sell at all.

Most sellers plan for a 30-45 day marketing and escrow time, but it's possible to move very quickly. We just sold a home on Santa Rosa, just up the street from our home on Vincente,

Our buyers' offer was accepted at 7:30 pm Sat 27 Oct; by Thu 1 Nov 2007 we had completed a home, termite, electrical, foundation and sewer lateral inspection... and the loan docs were in escrow ready for the buyer to sign.

We see our role as providing our clients with the information they need to make informed decisions. Email or call to let us know whenever you have questions... or wave at us when we’re driving our community moving van around the neighborhood!

Ira & Carol Serkes
RE/MAX Executive
510-526-6668
serkes@berkeleyhomes.com
1 vote Thank Flag Link Sun Nov 11, 2007
Hi Jon,

I agree with you in postponing the sale of your house until after the holidays have ended. Many agents and even serious buyers seem to take time off during these next two months.

Thousand Oaks is a very desirable neighborhood in Berkeley and you should have no trouble attracting interest in your house after the new year. I have worked with many buyers that only want this neighborhood and are willing to wait until the right house comes along.

Try to use these months to prepare your house for market. Have a pest inspection and home inspection completed so you may evaluate the condition of the house. Hire a Realtor that knows the Thousand Oaks neighborhood and work out a complete marketing plan with them.

Best of luck,

Mary
Web Reference: http://www.apr.com/mburns
1 vote Thank Flag Link Sun Nov 11, 2007
Jon...there are buyers in the market NOW.....and other sellers, thinking along the same lines as you, are pulling their homes off the market for the holidays....which means less inventory. It's all relative. Priced and marketed properly, your home will sell. Who knows what the market will hold in Feb? Interest rates are going down and there are folks in the market. now. Good luck!
Web Reference: http://www.cindihagley.com
1 vote Thank Flag Link Sat Nov 10, 2007
Cindi Hagley, Real Estate Pro in San Ramon, CA
MVP'08
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Hi Jon,
Consider your own needs first; why do you want to sell now? If this scenario is the best for you, put your house on the market at the most attractive price and in the most attractive condition, from a buyers point of view. With this in mind, you really can't go wrong! Berkeley is still a hot market, unlike many other areas of N. CA. Homes in the Thousand Oaks neighborhood that are properly priced and marketed are still garnering multiple offers. Wishing you success!
1 vote Thank Flag Link Sat Nov 10, 2007
Dear Jon;
During these slow months in what has been a slow 18 months, waiting until next February may indeed be the wisest course of action.
But, do not forget to consider your own financial plans. Are you financially prepared to wait, and close a sale in March?
Even more important than when you bring your property to market is the question, are you prepared to do what is necessary to sell your home in a timely manner for the best possible price? You must decide how much to sell your home for. This is the most important step in selling a home. Everything else is built on this decision. You should consider doing some repairs, and perhaps re-painting and staging your home. You should think about talking to an Realtor about the best way to show and market your home.
Timing is important, yes, but presenting your home and marketing it correctly are more important.
1 vote Thank Flag Link Sat Nov 10, 2007
Good question Jon. It is very difficult to perdict what the market will be like in February. More so predicting the interest rates. The question I would ask is what is your timing like and why are you moving? This might help in my answer.
Web Reference: http://pamwinterbauer.com
1 vote Thank Flag Link Sat Nov 10, 2007
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
Contact
Is your house near BART and walk to UC Berkeley campus? My kid just got admitted to UC Berkeley, and we are planning to buy a home at Berkeley.
0 votes Thank Flag Link Mon Apr 14, 2008
It's February... and buyers are looking!

Definitely looking!

When we first saw your post, we'd sold a home on Santa Rosa... just up El Paseo from our home on Vincente.

We were out on tour yesterday and heard that several homes received 3 offers, another received 7 offers...

So... if the time is right for you, now's the time to sell!

We've loved living in Thousand Oaks... we set up a web site for it!

http://thousandoaksneighborhood.com

Ira & Carol Serkes
0 votes Thank Flag Link Fri Feb 8, 2008
Is your question - when is the best time to sell your Thousand Oaks home? I cannot tell you what Feb. will be like, but I can tell you that Thousand Oaks homes are selling well now. If you want to move faster, this works because of your location. The average selling price in Thousand Oaks is nearly $750,000. This is softer than last year, but not much. Your neighborhood is a "move up" neighborhood for many buyers. All the best. Liz
0 votes Thank Flag Link Sun Jan 27, 2008
Any time is a good time to sell. Specially in Berkeley, the market is doing well for now.
Web Reference: http://www.erickcatalan.com
0 votes Thank Flag Link Mon Nov 19, 2007
Ira.....welcome to Trulia. I believe you will be a great asset.
0 votes Thank Flag Link Sun Nov 11, 2007
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
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