All Forum Posts by: Noel Pregot

I wanted to apologize to everyone for not engaging. My wife and I ended up renting a house, and looking back, it was the right choice since we might be moving out of state next year and buying would have costed us 2-3k more per month. It's incredible how things change in just 2 years. Prices got even crazier in 2021, but I'm curious to see how the market is going to react in the first quarter of 2023...

Hi Micheal, 

Thank you for your reply! We’re mostly looking at the East Bay: Orinda, Oakland hills, Piedmont, Montclair, Lafayette. Additionally, the Northern areas, like Mill Valley, San Rafael and Napa. Ideally, we’re trying to find a house in a nice neighborhood that we can slowly fix, living in it, and hopefully sell it for a profit if we decide to leave. We have seen properties with an adu, do you think those would have less competition from other buyers? We’re also noticing better deals in San Francisco, would you buy in the city? I’m a little concerned with rent control if we were to transform that property in to a rental in the future.

Thanks again!

Best,

Noel

I’m an absolute newbie. My wife and I live in the Bay Area, and we’re looking to buy our first property. Currently, we’re seeing homes being sold for 20%+ of the asking price. Crazy!

From one end, we see interest rates super low, but prices are going up. In contrast, when interest rates will go up, prices will hopefully go down.

But what do you think? Should we wait? Does it make sense to buy anyways? How do you think the real estate market is going to look after pandemic?