I listen carefully to my clients’ needs and craft a strategy and realistic guidelines that align with their desires and budget. Whether you are a buyer or a seller, no matter what your goals and objectives are, I can help you make smart financial decisions that will enable you to achieve those goals.  Realtor Superpower: I have a photographic spacial memory and can draw a floor plan of any home I have ever walked through.   Visit ScottLeverette.com for more information.

D: 510.919.3333


Photo of A Stampede of New Buyers

For a short window of time, first time homebuyers can get a whopping  $18,000 tax credit, and a other homebuyers can receive a $16,500 credit. Will this cause a stampede of new buyers?  Maybe with such a sweet deal it will entice some buyers that were on the fence to jump in, but what I have found with the $8,000 federal tax credit (that is sunsetting shortly) is that it was just “gravy.” In other words, the homebuyer credit was a bonus, and nice to get, but not the catalyst for the purchase. Some of my clients from last year were relieved that they extended the program, because they would have just missed that “bonus,” but if they had it would not have killed the deal, it would have just been a let down. As not to misquote the specifics,&nb…


Photo of Did All Those Buyers Stampede?

Last month I predicted that that there may be a stampede of new buyers due to the possibility of receiving $18,000 in tax incentives for first-time home buyers. My experience was that there was an increase in interest.  In fact, two first time buyers wrote offers with me in these final days, trying to get in under the wire. But my experience was also that most buyers waited too long and now are waiting to hear back from the banks, which are notoriously slow to respond. (In both purchases the buyers were attempting to buy REO properties; to get the benefit of the credit they have to hear back and be signed by 12pm Friday.) I decided to ask these buyers, “If you do …


Photo of Federal Tax Credit Extended

The senate has extended the Federal tax credit deadline from June 30th to the end of September!  This should help all those qualifying buyers who were already in contract by the cut-off date of April 30th and are trying to close by the end of this month. It’s also going to give our title company escrow officers a bit of breathing room.  This is good good news!


Photo of Love for a Tiny House

At just $70 per square foot (and perhaps the price of land), I just love this tiny house as mentioned on NPR. And considering the ever growing scarcity of land in the Bay Area, several of these houses could be grouped to house a family compound, or you could even have one per family member. I am not suggesting we give up our luxurious 1,300-2,000+ sq ft pads right away, but this tiny giant makes me really reconsider…


Photo of Fake Listing Prices

I am representing a buyer on a new construction priced in the high $400K range. In an attempt to be put in backup position, they wrote an offer with a solid pre-approval, 10% down and $30K over asking, breaking the $500K barrier. The offer in first position is $50K over asking. However, those buyers been unable to close for over 2 months and the seller is going to cancel the contract for failure to perform. So they countered our buyer with a purchase price $45K over the asking price, which our buyer did not accept. The seller is apparently still convinced that if they put it back on the market, they will achieve a sales price higher than the backup offer we are presenting. The listing agent brazenly said to me, “We didn’t list it at a price that we would have acc…


Photo of Are We at Bottom in the East Bay?

As we approach the “slow” part of the real estate season, I am still being asked: Are we at the bottom of the market?   I have been hearing we are at the bottom of the market now for over a year, and have not seen much of an uptick in value. Prices are typically weak this time of the year, and I am experiencing good negotiations on my buy side business.   On the listing side, we have been receiving lowball offers on our listings, and when we counter the buyers, they just move on without any negotiation. Perhaps there is enough inventory out there that the buyers just want a deal and are less concerned about which property gets them that deal. It also seems to me, overall, we are at a bottom plateau, and  buyers are playing more hardball a…


Photo of Changes to East Bay Sewer Lateral Requirements

A dramatic change has been made to the Sewer Lateral Requirements for Emeryville, Oakland and Piedmont. It’s going to change how people buy or sell real estate in this new year: A court order now requires the cities of Oakland, Emeryville and Piedmont to require homeowners to fix or upgrade their sewer lines when a home is sold or upgraded. The East Bay Municipal Utility District (EBMUD) Wastewater Control Ordinance will require property owners in certain areas to obtain a compliance certificate that shows their private sewer laterals (PSLs) are without defects and …


Photo of Three Houses on One Lot in the Heart of the Elmwood

Just think. Two large homes and an adorable cottage on one lot in the heart of the …


? Offset your mortgage payment with the income from the front house, or rent out the whole property. This property has fetched hefty rents in the past due to its close proximity to the U.C. Berkeley campus. It is currently offered vacant for whatever your vision is and to allow for market value rents.

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