If this newsletter does not appear to be formatted correctly with images, colors and links, this is

 probably related to your email client settings. You can read the complete newsletter
in your web browser at http://www.sbgibbons.com/archives.shtml

 

Visit www.BernardGibbons.com for the Latest Listings and Real Estate Information

Real Estate Informer

Real Estate News of the San Ramon Valley and Lamorinda

from Bernard Gibbons of Intero Real Estate Services

 

May 2006

 

 

925-997-1585 – Direct                    Bernard@BernardGibbons.com

 

Secrets Of Pricing Your Home To Sell

Because of the change in market conditions, more sellers are competing for fewer buyers. So once again, it seems important to challenge a long-standing "myth" of real estate: "The initial listing price isn't that important because the price can always be adjusted down later." Many homeowners believe this. It is a myth. Not true!

If most buyers first viewed your house because of a newspaper ad, a magazine, the Internet, brochures, or the yard sign, the initial listing price may not be so critical.  The house would always be "New" to those seeing it. But most buyers DO NOT come to your house because of various types of advertising. That is another myth!

Sure, buyers call on an ad, they often LOOK at that house, but not always. Once they talk to an agent, they may discover it isn't what they want at all. However, they ARE talking to an agent. That agent knows the current inventory and will know of other homes that DO fit their needs. Those are the properties that buyers look at, and THIS is how most buyers end up looking at your house, too - because of other agents, not because of the newspaper ad etc. Hardly anyone buys the house in the ad!

So you need to get other agents interested in your property, and this is where your listing agent comes in. The listing agent gets buyer's agents looking at your home. Those agents have clients who called on other properties.

Buyer's agents are not swayed by advertising.  They look at the needs of the client, where the client wants to live, location, condition, and other details of the home - and most importantly - THE PRICE. If your home is overpriced, agents will show similar homes that are priced more attractively.  Your listing will get passed over.

Agents pay MOST attention to homes newly on the market. There are fewer NEW listings than current listings.  It is easier to keep an eye out for what is NEW, compared to the vast number of current listings. New listings are on the "hot sheet” circulated in real estate offices.  The MLS computer identifies new listings.  There are broker tours to showcase new listings.  A lot of attention is focused on what is NEW. With agent's looking at newly listed homes so aggressively, a properly priced home gets attention. An overpriced home gets passed over.

You may be thinking, "But I'm willing to negotiate!" Buyers aren't thinking in advance about how much you are willing to negotiate.  They are comparing your asking price to other asking prices. Plus, when your house is new on the market, you may not be willing to negotiate as much as you will later, once you've realized your error.  Keep in mind that statistics show, quite often, the first offer is the best offer.

So what happens if you overprice in the beginning and get more realistic later? You don't have all those important Buyer's Agents looking at your listing because it is NEW.  A price reduction later in the listing cycle often gets overlooked. It is just one of many listings, not one of a few new listings. As time passes, you could actually become desperate to sell because you've accepted a new job or because you have already bought a new home so you could end up selling for less than if you had priced the home correctly in the first place.

Agents know this stuff, but many sellers still mistakenly believe they should "price it high" because they can lower the price later, if necessary. That is not the best strategy!

 


 FREE Home Valuation

Thinking of selling? Home prices have increased at a phenomenal rate over the past few years. To get a Free Up-To-Date Valuation of your home without any obligation, together with suggestions for what you can do to maximize its appeal, visit www.BernardGibbons.com or for an immediate response call Bernard Gibbons on (925) 997-1585.

 


Restaurant Review

Alouette’s, 3141 Crow Canyon Place, San Ramon.

I first reviewed Alouette’s a couple of years ago but in those days, The Real Estate Informer had a very small circulation so hopefully this review will serve to introduce this excellent restaurant to a whole new batch of readers.

A French restaurant that many do not realize exists, Alouette’s is in the Albertson’s shopping center, adjacent to Highway 680 just off Crow Canyon Road. Alouette’s looks French even from the outside with its lace curtains at the window. Inside, it has the ambience of an intimate bistro – subdued lighting, candlelight, tasteful surroundings.

      The restaurant was set up by Victor Barajas and Sue Schumacher who were previously employed in the now defunct Chatillon Restaurant, which was also in San Ramon. Service here is friendly and the wait-staff are knowledgeable about the menu, which, in the main, is typically French. Main courses come with a soup or a salad included in the price and include Duckling a l’Orange, Sweetbreads, Steak au Poivre and even Frog’s Legs. All dishes are accompanied by vegetables, a pleasant change in this day and age. I unhesitatingly recommend the Duckling, which is served boneless, and the sweetbreads.

      Desserts, in the main are more American than French but if you are feeling up to it, an order of Crepes Suzettes will make the perfect finale to your meal and this is cooked at your table.

      The wine list is fairly short and mostly with popular Californian varietals from wineries such as Kendal-Jackson, J Lohr and Markham. Prices are very reasonable. Perhaps the only complaint is the lack of a selection of French wines.

      There are few French restaurants in the East Bay these days and the prices tend to be high. Alouette’s is no exception in this regard although it is probably at the lower end of the price spectrum compared to other French restaurants. Certainly it is lower priced than the excellent Left Bank in Pleasant Hill (although that is more of a large Parisienne restaurant while Alouette’s is definitely bistro style).

      My overall opinion? While it may not be 100% authentically French it has a good ambience and provides well prepared French influenced food in pleasant surroundings. Definitely worth driving a half hour or so to get there if you are not a San Ramon local. I am fortunate. I live about 5 minutes away.

Reservations are not generally needed other than for large parties or at the weekend and you can find out more about them and peruse the menus and wine list on their web site at www.alouetterestaurant.com  

Reviews such as the one above are included as a service to introduce people to interesting restaurants in the San Ramon Valley. They should not be taken as any form of recommendation. We have no connection with any restaurateurs in the area and all opinions expressed are strictly those of the writer.

 


JUST LISTED - 500 Bagado Court, San Ramon

 

Offered for Sale at $875,000

 

Spectacular Views and Complete Privacy

This tastefully updated, well-maintained home is set in a huge (over one-third acre) flat, corner lot on a small court with stunning views of Mount Diablo.

4 bedrooms, 2 recently remodeled bathrooms and a great floor plan with light, bright rooms, remodeled kitchen with slab granite and light wood cabinetry, dual-pane windows, 40 year roof and much more.

For more information or to schedule a personal showing, call Bernard Gibbons on (925) 997-1585 or send an email to Bernard@BernardGibbons.com.

 


How Will You Decide Who Will List Your Home For Sale?

As housing inventory increases and interest rates continue to rise, it is more important than ever to work with a Realtor® who has the knowledge and experience to market your home to its fullest potential in order to obtain the best price for your home.

My High Impact Home Marketing Program is the most comprehensive home marketing system in real estate. This, combined with my affiliation with Intero Real Estate Services, the foremost real estate company in the Bay Area, ensures that your home gets the maximum level of exposure from start to finish. Through multiple channels and networks I market your home every day to potential homebuyers and real estate agents who represent buyers in your area. This targeted marketing approach ensures maximum exposure to potential buyers.

Communication at all times is absolutely critical. I will keep you fully informed regarding the status of your home sale at all times and do everything in my power to ensure a smooth, stress-free transaction.

Call me today on (925) 997-1585 and I’ll show you how my Home Marketing Program can work for you to get you the best price in the shortest timeframe.

Bernard Gibbons


Thinking About Moving? – Get This FREE e-Book

Before you put your home on the market, get a copy of my FREE e-Book, “450 Ideas To Help Your Home Sell FASTER”. This is no lightweight brochure – 52 pages of useful information on preparing your home for sale.

For your FREE copy, point your web browser to www.BernardGibbons.com and click on the “FREE Home Preparation e-Book” link or just send an email to Bernard@BernardGibbons.com and I’ll send you a copy by return.

 

 


 

LISTING ALERTS: Click here to get details of all new listings that could interest you sent from the Contra Costa / Alameda Multiple Listing Service direct to your email in-box



San Ramon Valley Market Update

Information To Help You Understand The Value Of Your Biggest Investment

The 40 most recently Closed Sales in Alamo, Blackhawk, Danville, San Ramon, Walnut Creek, Lafayette, Moraga and Orinda

(Sorted By City and Price)

Address

City

Beds

Baths

Part
Baths

Sq Ft

Lot Sq Ft

Sold Price

DOM

1859  Piedras Cir

Alamo

4

3

0

2700

19200

$1,475,000

18

255  Eagle Court

Alamo

5

4

1

4979

21954

$2,750,000

7

4039  Eagle Nest Lane

Blackhawk

4

2

1

2732

6300

$1,342,000

39

312  Garden Creek Place

Danville

3

2

1

1357

1127

$525,000

133

1841  Ridgeland Cir

Danville

3

2

1

1916

3200

$710,000

25

1834  N Forest Hill Pl

Danville

3

2

1

1597

2880

$719,000

63

515  Silver Lake Dr

Danville

2

2

0

1440

3416

$725,000

2

226  Abigail Cir

Danville

4

2

1

2396

4000

$799,950

5

44  Summer Hill Ct

Danville

3

2

1

1862

2880

$842,500

25

523  Zephyr Cir

Danville

4

2

1

2281

8800

$980,000

7

4170  Rockcreek Dr

Danville

4

3

0

3278

7192

$1,050,000

27

123  Merano St

Danville

4

2

1

2653

6140

$1,199,000

19

449  Liverpool Street

Danville

5

3

1

3126

14370

$1,449,000

3

9  Creekledge Ct

Danville

5

4

1

5227

22000

$1,900,000

48

109  Laurelwood Dr

Danville

6

5

1

5850

27000

$2,632,500

30

3239  Del Mar Drive

Lafayette

3

2

 

2007

10058

$854,900

45

151  Haslelmere Ct

Lafayette

3

3

 

2025

0

$892,000

19

3216  Palomares Ave

Lafayette

4

4

0

2680

15400

$1,100,000

5

6  Juniper Dr

Lafayette

4

3