Category Archives: Empty Nester News

Low Housing Inventory? Blame the Boomers

If you’re trying to find a home to buy, I’m sure you’ve experienced the relative lack of inventory on the market in the East Bay.  You may wonder why more people are hanging on to their homes.

There are all sorts of good reasons to sell if you’ve been in a house for many years.  Usually, an old family home is too big for older folks to take care of, or has too many stairs to navigate, or has lots of delayed maintenance issues, or is not  convenient to the goods and services you need or enjoy–and driving has become, well, an issue.

However, in the Berkeley area there are some ways around this dilemma.  In the Elmwood area there is something called Ashby Village, consisting of  “. . .a community-based network of people over age 50 living in the greater Berkeley area united by our desire to remain in our own homes as we get older,”

This attitude lines up perfectly with these statistics from C.A.R. :

BabyBoomersReality

Still, many seniors need more than good neighborhood organizations to keep healthy and safe.  My folks, when they became too old to look after themselves without constant, 24/7 care, used the proceeds from their home sale to support their assisted living.

When they moved out of their home of  over 30 years both they, and my wife and I, breathed a sign of relief knowing that their needs would be well looked after. Sometimes it’s important to know when to make a change, and the health and safety of my parents came before the sentimental value of having the family home remain in the family.

If you’re the rare boomer who wants to sell their East Bay home, or someone older who is ready to–or or a buyer looking to purchase one–and are interested in hiring an agent like me please give me a call at 510-527-0174 , I’m never too busy to take care of you or your referrals. I’ll make you glad you called.

Get to know me! Check me out on facebook, linkedIn or see my other online presences. I have two sites made just for you.

If you’re a BUYER go to That House Detective

If you’re a SELLER go to What’s Next Homes.
If you’re interested in HIGH WALK SCORE HOMES click HERE.

Whatever your real estate need,  I’m happy to help!

Chris_sig

Chris Neddersen,
Broker Associate
CalBRE R01143189
Coldwell Banker in Berkeley

Financial Friday: Multifamily Multiuse


What Empty Nesters and First Time Home Buyers Have in Common


At first glance, you wouldn’t think that a group that want to sell their homes of long standing and a group that’s brand-new on the housing market have anything in common besides wanting to find a place to live. 

The TYPE of home they seek out, however, is where their interests converge. Both seem to be interested in multifamily units, although their reasons might differ.  Retiring baby boomers/empty nesters are looking for less home to maintain. Young people are wanting the flexible lifestyle a multifamily can provide.  Both, however, are attracted to the generally good walkscores multifamilies commonly have.

These two groups have contributed to the whopping 13.2% Housing Starts in in April, the fastest pace in five months, to a 1.072 million unit annual rate. Those who doubt the housing recovery were quick to point out the very mild 0.8% increase in single family starts, ignoring their 9.8% gain over the past year. Multifamily starts are up much more. 

Whether you’re thinking of selling your now-too-big-for-you home or are looking for your first home purchase in the amazing Bay Area, I’d be honored to help. 

For SELLERS, I’ll help you prepare and market your home for sale that will give it the widest appeal and best exposure; thus attracting a bevy of buyers and the best chance for multiple offers and competitive bidding. To learn more, go to go to What’s Next Homes.

For BUYERS I’ll set up an REAlert account that will search the MLS real estate site–using requirements that you provide–for properties that meet your needs.  Once found, pictures and details will be delivered directly to your email courtesy of Coldwell Banker! 

It’s the best way for you to get a look at first-time-on-the-market properties; and this saves you wasted time and disappointment that happens when you find the perfect home but discover it’s already been sold, a common occurance when using the usual home finding sites like Trulio, Zillow, etc.  They are fun to search, but their information is often out of date. Not so with REAlert.

If you’re specifically interested in high walk score homes, click here to find those that are currently on the market in great East Bay neighborhoods. To learn more, go to That House Detective

Or, just give me a call at 510-527-0174.