Last month I began my 35th year as a Realtor.

This month I am delightfully busy, entering a new decade with my birthday, and enjoying my seniority both in Real Estate and in life. Last month I began my 35th year as a Realtor.

It seems like just yesterday that I first became a Realtor.  It was May of 1979. My husband, Dennis, had a Broker's license and I had my agent's license. We had taken the tests on a lark. We didn't have a plan. I was teaching and Dennis was a contractor and we were raising our two young sons. Neighbors told us that they were moving and that they would pay us 3% of the price that they wanted for their home if we brought them an offer. We called the children's piano teacher and told her that there was house for sale across the street from us. She laughed and said that all of her student's parents wanted her to move close to them so that they would not have to drive. But as luck would have it, she and her husband liked the house and bought it right away. We earned almost as much in one sale as I was making for a whole year of teaching. What a way to live, we thought. So we picked a name, "The Hendrickson Company", got ourselves finger-printed and filled out a lot of forms. And just like that we were in business as a mom and pop Real Estate company working out of our Shattuck Avenue home. Other friends, fellow nursery school parents, wanted to sell their home so we listed it and began advertising it and ourselves, meeting enough clients to sell 7 homes before the end of 1979.

And the business grew from there. We bought our house on Arch Street in the spring of 1980 when rates were 12, if not 18%. We patched together a deal where seller carried our mortgage until we could sell our house on  Shattuck Avenue. We made the offer on Monday, she accepted it on Wednesday, we signed our docs on Thursday and closed on Friday.

The fastest sale I ever made was my own. 

After more than 20 years, I left The Hendrickson Company and at urging of some friends joined Red Oak Realty.

I have three new listings that I plan to showcase at the beginning of August: 1316 Shattuck Avenue a 2/1 with a huge back yard in Berkeley's Gourmet Ghetto. It’s a duplex with a studio apartment attached to the back that could easily be combined into a 3/2,  6211 Telegraph Avenue, a nearly 1300 square foot 3/ 2  condo with an open floor plan in lower Rockridge, and 937 Stannage Avenue in Albany, a cozy cottage with a sunny private yard and two extra work spaces. 

And look for an extraordinary mid-century modern with killer views coming in September . It is in Kensington a short walk from my house.

I just closed 233 Orange Street a mid-century modern penthouse in Adams Point for more than 25 % over asking with 15 offers. And representing buyers, I sold a condo at 200 Second Street in Jack London Square. And I am about to close 1907 Curtis Street in Berkeley. Later this month 1201 Pine Street will close as well. It is a loft style condo in The Pacific Cannery Lofts, a David Baker building in West Oakland.

I am delighted as always to be working with smart, kind and fun to be with sellers and buyers. I am never too busy for more business.    I have an exceptional assistant, an great agent in her own right, Kim Markison who makes it possible for me to be available to more of you.

Thank you for supporting me as I do what I  love to do, working with the best people and most interesting properties both residential and commercial. While most of my business comes from you and the sellers and buyers you refer me to, I have had great success as well with YELP which is a continuing source of new people who I probably would never have met.

 

 

Red Oak Realty Nominated for Innovator Award

I have been a Realtor at Red Oak Realty since the end of 2000 after many years with
"The Hendrickson Company",  a Berkeley based " Mom and Pop" company that Dennis and I started and ran.

The changes and innovations at ROR since 2000 are awesome especially in the last few years under the leadership of owners Vanessa Jones Bergmark and Kevin Hamilton whose vision make them winners every day of the week whether recognized locally ( we are seriously local), nationally or just by those they lead and support and always by ME.
 
It is a privilege to be part of the Red Oak Realty Community which is as much like a family as one will allow it to be.

http://www.inman.com/2013/07/03/introducing-2013-innovator-awards-finalists/

So You Want to Buy A Fixer ? ! ? ! ? !

How to Assess the Real Cost of a Fixer-Upper

When you buy a fixer-upper house, you can save a ton of money, or get yourself in a financial fix.

Make sure you have the time, skills, and desire to embark on home improvement projects before buying a fixer-upper house. Image: Somos/Veer/Getty Images

Trying to decide whether to buy a fixer-upper house? Follow these seven steps, and you’ll know how much you can afford, how much to offer, and whether a fixer-upper house is right for you.

1. Decide what you can do yourself

TV remodeling shows make home improvement work look like a snap. In the real world, attempting a difficult remodeling job that you don’t know how to do will take longer than you think and can lead to less-than-professional results that won’t increase the value of your fixer-upper house.

• Do you really have the skills to do it? Some tasks, like stripping wallpaper and painting, are relatively easy. Others, like electrical work, can be dangerous when done by amateurs.

• Do you really have the time and desire to do it? Can you take time off work to renovate your fixer-upper house? If not, will you be stressed out by living in a work zone for months while you complete projects on the weekends?

2. Price the cost of repairs and remodeling before you make an offer

• Get your contractor into the house to do a walk-through, so he can give you a written cost estimate on the tasks he’s going to do.

• If you’re doing the work yourself, price the supplies.

• Either way, tack on 10% to 20% to cover unforeseen problems that often arise with a fixer-upper house.

3. Check permit costs

• Ask local officials if the work you’re going to do requires a permit and how much that permit costs. Doing work without a permit may save money, but it’ll cause problems when you resell your home.

• Decide if you want to get the permits yourself or have the contractor arrange for them. Getting permits can be time-consuming and frustrating. Inspectors may force you to do additional work, or change the way you want to do a project, before they give you the permit.

• Factor the time and aggravation of permits into your plans.

4. Doublecheck pricing on structural work

If your fixer-upper home needs major structural work, hire a structural engineer for $500 to $700 to inspect the home before you put in an offer so you can be confident you’ve uncovered and conservatively budgeted for the full extent of the problems.

Get written estimates for repairs before you commit to buying a home with structural issues.

Don’t purchase a home that needs major structural work unless:

• You’re getting it at a steep discount

• You’re sure you’ve uncovered the extent of the problem

• You know the problem can be fixed

• You have a binding written estimate for the repairs

5. Check the cost of financing

Be sure you have enough money for a down payment, closing costs, and repairs without draining your savings.

If you’re planning to fund the repairs with a home equity or home improvement loan:

• Get yourself pre-approved for both loans before you make an offer.

• Make the deal contingent on getting both the purchase money loan and the renovation money loan, so you’re not forced to close the sale when you have no loan to fix the house.

• Consider the Federal Housing Administration’s Section 203(k) program, which is designed to help home owners who are purchasing or refinancing a home that needs rehabilitation. The program wraps the purchase/refinance and rehabilitation costs into a single mortgage. To qualify for the loan, the total value of the property must fall within the FHA mortgage limit for your area, as with other FHA loans. A streamlined 203(k) program provides an additional amount for rehabilitation, up to $35,000, on top of an existing mortgage. It’s a simpler process than obtaining the standard 203(k).

6. Calculate your fair purchase offer

Take the fair market value of the property (what it would be worth if it were in good condition and remodeled to current tastes) and subtract the upgrade and repair costs.
For example: Your target fixer-upper house has a 1960s kitchen, metallic wallpaper, shag carpet, and high levels of radon in the basement.

Your comparison house, in the same subdivision, sold last month for $200,000. That house had a newer kitchen, no wallpaper, was recently recarpeted, and has a radon mitigation system in its basement.
The cost to remodel the kitchen, remove the wallpaper, carpet the house, and put in a radon mitigation system is $40,000. Your bid for the house should be $160,000.
Ask your real estate agent if it’s a good idea to share your cost estimates with the sellers, to prove your offer is fair.

7. Include inspection contingencies in your offer

Don’t rely on your friends or your contractor to eyeball your fixer-upper house. Hire pros to do common inspections like:

• Home inspection. This is key in a fixer-upper assessment. The home inspector will uncover hidden issues in need of replacement or repair. You may know you want to replace those 1970s kitchen cabinets, but the home inspector has a meter that will detect the water leak behind them.

• Radon, mold, lead-based paint

• Septic and well

• Pest

Most home inspection contingencies let you go back to the sellers and ask them to do the repairs, or give you cash at closing to pay for the repairs. The seller can also opt to simply back out of the deal, as can you, if the inspection turns up something you don’t want to deal with.

If that happens, this isn’t the right fixer-upper house for you. Go back to the top of this list and start again.

G.M. Filisko is an attorney and award-winning writer whose parents bought and renovated a fixer-upper when she was a teen. A regular contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.

The housing market is finding its footing: Affordability is up, home inventory is shrinking to normal levels in many areas, and foreclosures are down. But there are many legislative and policy issues affecting home owners. Keep on top of them here.

  

     

 

I am busy getting everything set up to introduce my new listing in bustling Adams Point which is having a resurgence of activity and rising prices.
This listing, a fantastic 1172 SF, 2 Bedroom, 2 Bath PENTHOUSE with 450 SF ( per Sellers' measurements) , has no shared walls, 2 car gated garage parking and a private elevator key,  is truly a one of kind opportunity.
233 Orange Street Unit 401
Listed for $419,000 Open Sunday June 2 and June 9th -2-4:30.
Check my website and the flyer for a list of amenities and local treasures.http://www.justsellmyhouse.com/233-orange-oakland-penthouse.html

Look Behind My Ears

I can hear again and I know why ! I finally bought myself a pair of hearing aids at the Center For Better Hearing Aids. I had been tested at my beloved Kaiser many times and told that if I wanted to I should buy some hearing aids which might help my mid-level loss in both ears. After a flirtation wit a pair I bought there I returned them because "they didn't make much difference".

As a Realtor at Red Oak Realty in Berkeley, it is essential that I hear what my clients are saying all the time, that I do not miss the nuance of their comments. Until now and for a very long time that has been a more of a problem than I was willing to admit.

This winter I allowed myself to see Greg at The Center for Better Hearing in El Cerrito Plaza ( plenty of parking) where over three +/- months working him I came to understand that I do have a serious hearing loss which has been corrected.

Greg's style was to work patiently and meticulously with me on a regular basis, sometimes once a week, until the hearing aids were working effectively, feeling comfortable and staying put in my ears the way they must or else " why bother".
I wore the testers with Greg's adjusting them until they were perfect; at least perfect for me, and I trusted that the whole idea that wearing hearing aids was a significant addition to my life.

When we achieved that status he ordered me a pair of " ruby red"  hearing aids which turned out to be less Wizard of Oz sparkly shoe color and more muted red. We were initially disappointed but decided that it was a better color to blend in with my hair.  BTW, you cannot tell that I am wearing them unless I whip them off to proudly show them to you.

I was and am delighted with the attitude and intention of everyone at the Center and the care and kindness that I received. If you need hearing aids or even think that you do,  take the plunge as i did and make an appointment to explore the possibilities. The visits are free, including the testing, until you decide to buy the hearing aids. I am sure that you can pay a bit less at other venues but I know that you will not get better care insuring that you have bought just the right hearing aids for your loss and life style and achieved a clear understanding of what is causing your loss, than at The Center for Better Hearing Aids, nor could you work with nicer and more competent people.
BRAVO TO GREG AND HIS STAFF, AND TO ME WHO FINALLY BIT THE BULLITT AND CAN HEAR WHAT YOU ARE SAYING !

The Center for Better Hearing Aids is located in El Cerrito Plaza between See's Chocolates and the ones I now prefer at Trader Joe's.
    

 

Aw, we're all out of suggestions. But you can always search for more.

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Challenges of Getting a Loan Post- Retirement

Even if you have mega - bucks or even a reasonable amount of money in the bank, refinancing or buying a new home when you don't have a steady income can be challenging.

Now, is the time to refinance or maybe buy your next home while you are still working.
I know that you can get a loan after retirement. But I also know that it will probably be more cumbersome. So why wait when your steady income will make getting a loan now easier.

Read all about it!

http://www.nytimes.com/2013/05/05/realestate/qualifying-for-a-loan-after-retirement.html?smid=fb-share

I Remember My Mama- May Newsletter

Barbara Hendrickson Realtor 510.708.3800 barbara@redoakrealty.com www.justsellmyhouse.com BRE #00780582 I remember my Mama. Do you remember yours? Mine died almost 21 years ago. But I remember her. She was an artist and musician. She is remembered by her students as an exemplary art teacher who motivated them to do their best work. She was Sylvia Applezweig until she married Lee Deiro, when her name was inadvertently misspelled on the invitations to their wedding. After than she became Silvia not Sylvia; not that it really mattered. She studied music and played her 1924 Baby Grand Steinway until she died. I had it shipped to Berkeley thinking I would like to have some of her around. "Moonlight Sonata" and Chopin's "Impromptu in A Flat Major" were two of my favorites. Last year I donated the piano to Congregation Beth El because no one in my life wanted to play it and it took up too much physical space in my life. Food was not her thing. Her idea of a stew was stew meat cooked in ketchup with canned vegetables. And dessert alway s had Cool Whip on it. But she was also sly. She frequently prepared TV dinners and set the food out on different platters, giving the illusion that she had cooked it all herself. After she was divorced, rumor has it that had a quite a social life, although she was discreet and I don't know much about it. I am just glad that she had fun. She wanted me to be popular, giving parties for me and my friends from school, camp and the village from the time I was 12 at Downtown Community School until I graduated from Music and Art. I am not sure that it worked the way she wanted it to, but my friends still talk about my parties on Barrow Street. She invented Trail Mix and delighted in setting it out along with drinks and chips and the other uncooked foods she bought at the store across Hudson Street. My mother, a progressive woman, didn't care who slept over or where they slept in our three story brownstone as long as she didn't find them in her bed. As you might imagine she was very popular with my friends. When I applied to Music and Art, she matted all of my work so that I had a stunning portfolio. She taught me how to use white paint to change the colors in my paintings. And of course she encouraged me to be a painter. Mama sold that brownstone in 1961 for $54,000, even after she changed her mind because the Realtor told her that she would owe him his fee even if she didn't sell it. It recently sold for $4,700,000. Don't worry, I never make anyone pay if they change their minds, but that was then and this is now and here. When she was diagnosed with breast cancer she told me not to be afraid, that she wasn't. She lived for 12 years after the diagnosis. Towards the end of her life, I would work on one of my paintings in the morning, take a Polaroid of it and Federal Express it to her so that we could discuss it the next day. We liked doing that and it helped us end our relationship on a positive note. Of course it wasn't all good. But this is a moment to remember Mama is her best light and so I do. Happy Mother's Day to all of you who are and to those of you who aren't but remember your Mamas. Barbara Click to friend me on Facebook! LINKS Search Listings Open Homes East Bay Neighborhoods Forward this to a friend DISCLAIMER		Real Estate Update ARE WE BACK IN A BUBBLE? Even knowing that prices are rapidly rising, every week brings at least one astonishing closing. It was not so long ago that a different boom was followed by the bursting of "the bubble." Is this another bubble? We don't think so and here is why: More stability: Most loans are now at fixed rates. You can't get a sub-prime loan, and the old ones have been mostly purged from the system.   More investment: Buyers now have higher down payments - most have at least 20% - and many have all cash. A boom is not a bubble unless it is empty. More truth: Both lenders and borrowers are required to disclose more. Buyers have a clearer idea of loan terms, and must undergo a more rigorous examination of their finances to qualify.   Less inventory: Inventory in our area will increase as more owners are free to sell because they are no longer "under water." But that is not likely to come in a surge.   Less speculation: In the previous decade we saw properties "flipped" multiple times before they were even built.   No more phantoms: Fear of back-logged foreclosures has dissolved. And new whispers about a mass sell-off by investors are improbable. At some point buyers will have more choices, or rising interest rates will hold them back. But this will stabilize the market, not kill it. Not everyone agrees. Karl Smith writes in Forbes Magazine: "Sometime in the near future it is very likely that credit standards for homebuyers will fall. This will allow homebuyers to make larger offers and it will allow young people to buy a home even when they lack a down payment. This rapid increase in the number of buyers and their purchasing power will likely drive home prices into a bubble." But our money is on Berkeley-based economist Ken Rosen and others presenting at the annual Fisher Center Real Estate Conference last month. Red Oak Realty CFO Kevin Hamilton attended in search of a deeper understanding of the underlying economics, particularly on the local level. Here is what he reported back to the Red Oak agents: "The speakers outlined the many reasons why the Bay Area has experienced an expedited road to recovery and higher than average appreciation rates. We still maintain a disproportionate percentage of high paying jobs, in-demand technologies, and venture capital funding - all long-term boons to a stable and organic recovery." So what's a buyer to do? Buy what you love, what you can afford, and what you anticipate holding for the long term. Get a fixed rate mortgage and save for a down payment to increase your buying power. Robert J. Shiller, Professor of Economics at Yale, seems to agree. In the concluding paragraph of his recent New York Times article: "With rates now relatively low, this could be an auspicious time to buy a house with a fixed-rate mortgage. That could make good sense for people who aren't out to bet on the housing or mortgage markets but are instead focused on settling into a home for the long term." Monthly Market Snapshot As the spring real estate market picks up its pace, the stats continue to impress. After suffering from a dearth of new listings, there has finally been a modest 5% increase in sales over last year. But the increase in inventory has not slowed down price appreciation, with median values up 80% - and in Oakland they're up 121%! Even more homes are selling over asking, now a median 10.3% above original list price. As we head into May and June, We expect the high end of the market to pick up, and prices will most likely follow. Mortgage Rates Employers created far more new jobs in April than expected -- and hiring was much stronger during the prior two months than originally reported. Both conditions led to a day of panic in the bond markets as mortgage investors expecting another weak report from the labor market. Non-farm payrolls rose 165,000 last month and the jobless rate fell to a four-year low of 7.5%. Payrolls rose 138,000 in March, 50,000 more than previously reported, and job growth for February was revised up by 64,000 to 332,000. The burst of job growth in February was the biggest since November 2005 for any month that did not include temporary Census bureau hiring. At first glance the numbers looked solid, but the devil is always in the details. Nearly one of every five new workers hired in April took jobs as temps, indicating companies are still reluctant to add permanent employees. The probabilities are high that employers are adjusting their operations ahead of the implementation of the Affordable Care Act later this year. Rather than being an anomaly, the hiring of temporary workers will likely increase and the hours worked by these temporary hires per week will edge lower as companies focus on avoiding the significant cost government mandated health-care dollar-outlays for full-time employees will add to net operating expenses. The national jobless rate was reported as 7.5% for April, but that number is an even larger 13.9%, up from 13.8% in March, if everyone who wants a full-time job but can't find one is included. The likelihood this measure of labor market conditions will grow in the coming months is high. The bottom line is that there is nothing in the recent data, or in forward-looking labor market forecasts, likely to dissuade the members of the Federal Open Market Committee from continuing their $85 billion monthly purchases of Treasury debt obligations and agency-eligible mortgage-backed securities. This means that the prospect for steady, low interest rates looks very good. It is still an ideal time to purchase or refinance a property. If you have any questions, please contact Faramarz Moeen-Ziai at Bank of Commerce Mortgage - fmz@bocm.com / 510-250-8725. MONTCLAIR'S MOVIE NIGHT SURVIVAL GUIDE Lawn chair. Check. Snacks from your favorite restaurant in the Village. Check. Beverages. Check. Action! What's the Red Oak Montclair Outdoor Cinema you ask? Picture this: local residents gathering outside in the heart of the Montclair Village, equipped with blankets and lawn chairs, setting up camp in the parking lot of a local business to watch a movie projected against a huge outdoor screen on a warm summer night. And... it's free! The 2013 Red Oak Montclair Outdoor Cinema series begins June 15th with the original Willy Wonka & the Chocolate Factory. The movie will be shown in our parking lot at 6450 Moraga Avenue in Montclair Village, Oakland. The lot opens at 7:30pm and the movie will start shortly after 8:00, complete with free popcorn. Future movie nights will be held on the third Saturday of the summer, June through September, so stay tuned for more titles. Hope to see you there! RESTAURANT REVIEW: BELLI OSTERIA With wood-beamed walls, exposed brick and an overall industrial vibe, Belli Osteria is a welcome addition to the campus neighborhood. You'll have to like gluten if you want to dine here as ravioli is the signature dish. On a recent lunch hour I stopped in for the watermelon radish and truffle vinaigrette salad paired with black ravioli with salmon, grilled prawns and lemon zest in crema smitana. Different AND fabulous. The perfect amount of dressing on the salad and the perfect portion of ravioli. The wait staff is friendly, prompt and knowledgeable about the locally grown organic menu. Between the great weather and the slew of new dining options, we don't expect many Berkelyites to leave the Bay Area any time soon. Here's to more months of low inventory. Belli Osteria 2016 Shattuck Ave at University, Berkeley, 510.704.1902. Lunch M-F 11:3 0am-2pm; Dinner Mon-Thu 5:30-9pm, Fri-Sat 5:30-10pm, Sun 5-9pm.
1891 SOLANO AVENUE, BERKELEY CA 94707  ·  www.redoakrealty.com  ·  6450 MORAGA AVENUE, OAKLAND CA 94611

Grizzly Peak Winery, a stop you must make when you go to Ashland, Oregon or points north.

4/22/2013

Visiting Grizzly Peak Winery was a great experience. Situated on gently rolling hills just outside of Ashland, Oregon this winery has been growing for more than a dozen years.
Greeted by one of the owners, we had a tour of the property to understand how it has evolved over the years with a look at what their vision is for the future. Not only to they make award winning wines which we tasted and enjoyed ( and the purchased because we enjoyed them and knew we would like to serve them to our friends at home in the Bay Area) but they have event spaces and now a few overnight rooms for guests who so enjoy the wines at these events that they would rather not drive home.
By the way the owners Virgina and Al Silbowitz are smart, friendly people who know their business, that of making wine and making guests feel at home. Enough of their family members are involved with the winery at this point to make it a "family business". One can see that it features care and pride as well as great wines, now with a series using labels made especially for the winery by long time friend and artist David Lance Goines.
I think that anyone going to Ashland or as we were, traveling to points further north, should make a spacial stop to visit Al and Virginia and family at Grizzly Peak Winery. It is slightly off the beaten track but easy enough to find if you Google it and call ahead. And if you are planning a wedding, Bat Mitzvah or other festive event consider their beautiful winery as a venue.

How Coffee Sloshed Into My Life

Sitting here in the sunshine with a cup of home brewed coffee and half and half, I realized I forgot to tell you how I came to be committed to this relationship. It's been about 12 or 13 years now that coffee and I have been going steady with only intermittent digressions- I  sometime swear off it and hang with Republic of Tea's Green tea with Plum but that's another story.  Simply told  I was carrying a cup of a fancy sugar- filled coffee to a client and it sloshed. I wiped it up with a finger and tasted it and discovered right then and there that it didn't taste like my mother's dirty black Maxwell House. It was sweet and light and tasted more like the coffee ice cream i had sampled though the years.
After that taste bud opening event I began ordering iced Mocha somethings (without the whipped cream )  and that summer and then little by little switched to lattes and coffee with cream when from whence I write today.
I have no real allegiance to any one brewer although I have a Peet's card and drink and order coffee form there for Real Estate Open Houses. When I taste something at your house that you like and I try it out to see if I like it better than Peet's.

Keeping Company with Caffeine

Some times I need it and sometimes I don't.
I didn't drink coffee until about 14 years ago.
I carried a cup of Maxwell House upstairs to my mother more or less every morning for the six years that we lived in the "Brownstone" ( actually red brick, painted white) on Barrow Street in Greenwich Village. Her bedroom was on third floor and the kitchen was in the basement. As it swished around I remember thinking that it was ugly black water which I had no intention of ever drinking. I have to admit that it smelled delicious but I was never tempted to taste it..
My first encounter with caffeine was a relationship that I developed with Lipton Tea when I was at the University of Wisconsin in Madison. I ruined it with sugar and lemon but I got the caffeine that it promised.
I was still drinking tea, although I had classed up to English Breakfast, by the time that we bought our Kensington house in 1998. I even carpeted the stairs with leopard carpeting so that my spills would be disguised. Coffee was my mother's drink not mine.

 

More about caffeine in my next post.

Talking about food....

http://livability.com/top-10/top-10-foodie-cities-2013-second-helping/berkeley/ca?
Berkeley has been designated as one of the ten best places to eat... But we knew that didn't we?

I NEVER FEEL COMPELLED TO STICK TO A RECIPE

I never stick to a recipe. I always play with it and the results are amazing.

Over the past few years I have been experimenting with doing more than "assembling", which is what this busy Realtor did after visiting Trader Joe's.  I have been  cooking. Really cooking. Last night a I made a delicious dinner in half an hour.

I realized that if I treat food like art I CAN COOK !
What about you?

Here is the next one that I am going to try, and those of you who know me know that i almost never eat fish.
http://www.nytimes.com/2013/04/04/health/striped-bass-or-mahi-mahi-with-fennel-leeks-and-tomatoes-recipes-for-health.html?src=rechp