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Kimberly Gates

K.G.

CA DRE# 01470998

Honest. Knowledgable. Warm. These are just a few words clients frequently use to describe Kimberly Gates. Born and raised in Southern California, Kimberly was drawn to the natural beauty and vibrancy of the Bay Area and has called the region home for the past 23 years.

Whether you’re looking for a peaceful oasis in Alameda, a trendy hotspot in Berkeley, a charming retreat in Oakland, or one of the East Bay's “hidden cities”, Kimberly can help you find the perfect place to live, work, and play—not to mention love.

After earning her Master’s Degree from Harvard University, Kimberly went on to have a successful corporate career with Kaiser Foundation Health Plan, General Electric Homeland Protection, Inc., and served as a governor appointee in the Gray Davis administration.

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  • Ralph

    “Kimberly Gates is a phenomenal realtor. Due to her knowledge, expertise and hard work our home sold quickly and for a record price for the area.”

  • Doug

    “Awesome experience working with Kimberly. She delivered every step of the way. You won't be disappointed. I couldn't be happier with how she handled everything.”

  • Brian

    “She is very professional, trustworthy, and approachable that makes you feel comfortable in negotiating with her all throughout the process. I would highly recommend her.”

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Neighborhoods

Oakland

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East Bay Hidden Cities North, South, and West

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West Contra Costa County

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ArmChair Open House with Kimberly

A Little Weekend Eye-Candy! Peace To You & Yours

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Keeping Current Matters

For Sellers

It’s Still a Sellers’ Market [INFOGRAPHIC]

09/24/21   |   KCM Crew

Some Highlights Due to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. That might be why 73% of people believe it’s a good time to sell. Sellers, don’t miss out on this unique opportunity. Let’s connect so you can take advantage of this hot sellers’ market.

Buying Myths

Two Reasons Why Waiting a Year To Buy Could Cost You

09/23/21   |   KCM Crew

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself two simple questions: What will home prices be like in 2022? Where will mortgage rates be by the end of 2022? Let’s shed some light on the answers to both of these questions. What will home prices be like in 2022? Three major housing industry entities project continued home price appreciation for 2022. Here are their forecasts: Freddie Mac: 5.3% Fannie Mae: 5.1% Mortgage Bankers Association: 8.4% Using the average of the three projections (6.27%), a home that sells for $350,000 today would be valued at $371,945 by the end of next year. That means, if you delay, it could cost you more. As a prospective buyer, you could pay an additional $21,945 if you wait. Where will mortgage rates be by the end of 2022? Today, the 30-year fixed mortgage rate is hovering near historic lows. However, most experts believe rates will rise as the economy continues to recover. Here are the forecasts for the fourth quarter of 2022 by the three major entities mentioned above: Freddie Mac: 3.8% Fannie Mae: 3.2% Mortgage Bankers Association: 4.2% That averages out to 3.7% if you include all three forecasts, and it’s nearly a full percentage point higher than today’s rates. Any increase in mortgage rates will increase your cost. What does it mean for you if both home values and mortgage rates rise? You’ll pay more in mortgage payments each month if both variables increase. Let’s assume you purchase a $350,000 home this year with a 30-year fixed-rate loan at 2.86% after making a 10% down payment. According to the mortgage calculator from Smart Asset, your monthly mortgage payment (including principal and interest payments, and estimated home insurance, taxes in your area, and other fees) would be approximately $1,899. That same home could cost $371,945 by the end of 2022, and the mortgage rate could be 3.7% (based on the industry forecasts mentioned above). Your monthly mortgage payment, after putting down 10%, would increase to $2,166. The difference in your monthly mortgage payment would be $267. That’s $3,204 more per year and $96,120 over the life of the loan. If you consider that purchasing now will also let you take advantage of the equity you’ll build up over the next calendar year, which is approximately $22,000 for a house with a similar value, then the total net worth increase you could gain from buying this year is over $118,000. Bottom Line When asking if you should buy a home, you probably think of the non-financial benefits of owning a home as a driving motivator. When asking when to buy, the financial benefits make it clear that doing so now is much more advantageous than waiting until next year.

Work With Kimberly

Kimberly is a long-time Bay Area resident and knows the market intimately. Call Kimberly today to schedule a private showing.

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