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Tim Gullicksen of Zephyr Realty Advises That the Current Real Estate Market …

Tue, 05 Jun 2012 18:22:01 +0000

Tim J. Gullicksen is a San Francisco Real Estate Agent at Zephyr Realty.

If this is a bubble, then it cannot last. One sector of the local economy (high tech) may be doing well, but the national and international forecasts are more gloomy

San Francisco, CA (PRWEB) June 05, 2012

Tim Gullicksen of Zephyr Realty, a San Francisco real estate agent, is announcing that the high prices of real estate properties throughout the San Francisco Bay Area may only be another “bubble” that will soon go down in this current economic state.

“If this is a bubble, then it cannot last. One sector of the local economy (high tech) may be doing well, but the national and international forecasts are more gloomy. At best, the recovery is going achingly slow and unemployment remains high. At worst, we could have a world-wide double dip to our great recession,” Gullicksen said. “So can the vast increases in sales prices for homes in these highly desirable real estate markets really stay up there in the stratosphere? No one knows for sure, but my money is on ‘not likely.’”

From data and analysis of the current real estate market, this potential bubble is a combination of the Facebook initial public offering, historically low interest rates, the most anemic inventory of homes for sale in memory and the collective realization by the market that real estate values aren’t going any lower.

“When you combine economic confidence with a lot of buyers competing for very few listings, you have a recipe for sky-rocketing prices” Gullicksen said.

Properties are selling for 10 to 20 percent above what the recent comparables justify and often receive multiple offers; however, there is no economic recovery underpinning this massive and sudden increases in value.

For more information about Tim Gullicksen of Zephyr Realty, call 415-655-1588, view him on the Web at http://www.timgullicksen.com or visit 2523 California St. in San Francisco.

About Tim Gullicksen of Zephyr Realty

Tim Gullicksen of Zephyr Realty is a San Francisco real estate agent who specializes in a broad spectrum of San Francisco real estate property types, from affordable units sold through the Mayor’s Office of Housing to multi-million dollar buildings and single-family homes. Gullicksen works with experienced and first-time home buyers in San Francisco to find them the right home.

For more than 30 years, Zephyr Realty has been one of the most respected real estate firms in San Francisco. Its reputation as a highly professional and effective group of agents is recognized by both clients and the entire real estate community. As the most successful independent real estate firm serving San Francisco, with more than $1 billion in gross sales annually, its real estate agents understand the San Francisco market like no one else.

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Article source: http://www.prweb.com/releases/real-estate/san-francisco/prweb9573062.htm

Bay Area Property Management Company, Stokley Properties Inc., Offers Tips to …

Fri, 30 Mar 2012 17:04:13 +0000

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To be competitive and get the maximum dollar, your property must be turnkey and ready to go.

Walnut Creek, CA (PRWEB) March 30, 2012

Stokley Properties Inc., a Bay Area property management group that serves the Concord, San Ramon, Oakland, Brentwood, Martinez and Bay areas, is offering important tips for real estate owners who are searching to rent or sell properties.

“We believe that providing true service in real estate, as well as a clean and functional property will make all the difference in how quickly people may rent it and for how much money a month real estate will be able to receive,” Joseph Stokley Jr. of Stokley Properties said.

This has always been the case for as long as Stokley Properties Inc. has been in business but is perhaps more important today than ever before. The reason is because the market is so competitive in the current economic state, and people and business are looking at how to make the most for the least amount of expense. In this vein, Stokley Properties property management is currently offering the following tips for real estate owners:

1) Real estate owners must be prepared to do what must be done to offer a good, clean, competitively price product of the property.

2) Stokley Properties is not suggesting ripping out a 25-year-old kitchen and replacing it with a new $40,000 kitchen; however if the kitchen and the rest of the home could use new paint and carpets, or perhaps newer and cleaner appliances, these projects should be undertaken.

“The property owner should think about making that investment to maximize the amount of monthly rent they could collect and to rent the property sooner,” Stokley said.

3) Owners should spend no more than what they need, but just what should be done.

“To be competitive and get the maximum dollar, your property must be turnkey and ready to go. It must have fresh, new paint and flooring, if necessary to stand out from the crowd. If you do reinvest in your property by doing these things, your return on investment will be a better caliber of renter and receive a much higher rental amount,” Stokley said.

For more information about Stokley Properties Inc., call 925-658-1415, view the company on the web at http://www.stokleypropertieseastbay.net or visit 1630 North Main St., Suite 54, in Walnut Creek.

About Stokley Properties Inc.

The Walnut Creek company, Stokley Properties, provides complete property management services throughout the greater San Francisco East Bay Area, including Concord, San Ramon, the Bay Area, Brentwood, Martinez and Oakland. They provide professional real estate investment advice to enable clients to make well-informed decisions. Services include advertising and marketing, residential screening, leasing and retention management, property inspections and more.

Article source: http://www.prweb.com/releases/property-management/bay-area/prweb9348757.htm