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4 Generations of Service and Experience‌ Real Estate is always shifting between buyers markets and sellers markets. Right now is no exception as the market shifts back to a seller’s market in many price points. Experience matters and the Moxley Team family has been here for over 30 years serving Pleasanton residents. We are a full time mother/son team; Kris being licensed since 1980’s and Tyler, now the 4th generation Realtor in the Moxley family.
BUBBLE
said. “This strategy gives them more time to find the right home.� “In that case a buyer needs to be prepared financing than they were three years ago,� to move twice,� she noted. Ragg said. The current big increases in sales prices “Many of my clients have at least 20% for a echo market conditions from 2005. The medown payment, which helps them compete,� dian sales price for a single-family detached Branchini said. “It’s about aligning yourself home in Pleasanton during March 2013 was with a lending institution that actually makes more than $800,000. That’s a 24% increase loans.� from March 2012. The combination of low Ragg mentioned there is inventory, rising prices more to a successful offer )T IS CHALLENGING TO BUY and multiple offers begs than how much money a the question: Is this anBUT THE DEALS ARE BEING other real estate “bubble� buyer brings to the table. “It depends on what and when will it burst? DONE 9OU NEED TO BE kinds of terms a buyer will “How can there be a offer, such as waiving con- PATIENT AND WORK WITH A bubble when there are tingencies related to purinvestors with cash and chase financing and the REAL ESTATE PROFESSIONAL buyers with significant condition of the home,� down payments?� BranWHO CAN REALLY HELP Ragg said. chini asked. “Prices have While today’s market gone up dramatically, but Craig Ragg, may seem to favor sellit’s starting to level off. THE 0RESIDENT OF THE ers, Ragg observed, “sellMeanwhile, many buyers "AY %AST !SSOCIATION OF 2EALTORS ers need to recognize that are priced out and are once they sell they will now waiting for more inbe in the same position as their buyers. But ventory to come on the market later this dealing with a local agent who has a good year. It’s not about a price bubble but a lack reputation can help a buyer compete.� of inventory.� “You need to work with an agent that can Ragg agreed. work outside of the box and try some alter“When 30% of the offers are cash, that’s natives,� he added. “Sellers that want to be not a bubble,� he said. buyers need to be flexible, and that’s where Both said the market is very different from the creativity comes in.� 2005 because loan underwriting is stricter, Some sellers negotiate renting their home loans are realistic, and there are significant from the buyer while they shop for a new down payments. home. Branchini explained that this tactic “It is challenging to buy, but the deals are has challenges and opportunities. being done,� Ragg said. “You need to be pa“Some clients will sell, then lease another tient and work with a real estate professional home while shopping for another home,� she who can really help.� N #ONTINUED FROM 0AGE 29
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See What Makes us Different at www.MoxleyTeam.com
Moxley Team Alain Pinel Realtors 900 Main Street, Ste. 101 Pleasanton, CA 94566
(925) 600-0990 www.MoxleyTeam.com DRE #00790463, 01412130
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DISCOVERY BAY
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SAN RAMON
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TRACY 353 RIDGEVIEW DRIVE GLENBRIAR ESTATES $435,000 4 BR 3 BA Kit. w/granite.Plantation Shutters.2 ďŹ replaces.Huge backyard w/pool & play structure. 925.847.2200
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Page 30ĂŠU !PRIL s 0LEASANTON 7EEKLY 30ĂŠUĂŠApril 19, 2013ĂŠU Pleasanton WeeklyĂŠUĂŠBuying & Selling
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