On Sunday, June 2, 2013, Michael Gaddis, J.D. Realty Group attended RB Alive!: Expo in Rancho Bernardo on Bernardo Center Drive between Lomica Drive and Bernardo Plaza Court. Michael Gaddis attended the event and set up a booth to answer questions that people attending the street faire might have pertaining to real estate sales, short sales or loan modifications. As stated, RB Alive!: Expo is a street faire with an estimated attendance of 40,000 people. The event lasted from 10 a.m. to 4 p.m. Michael Gaddis thought it would be nice to attend the event because he has had a lot of clients in the Poway, Rancho Bernardo and Scripps Ranch areas. The following are some of Michael Gaddis’ thoughts and observations from the event.
1. Michael Gaddis spoke to many frustrated potential buyers. All of these buyers expressed their frustration at the current market conditions. Most told Michael Gaddis that they were on the verge of giving up. They felt that it was becoming nearly impossible for a regular person to get an offer accepted. These buyers stated that even when they made an offer over the asking price they were getting beat out by investors offering all cash. This frustration set the tone of the day. What does this say about the market? If you are someone thinking about listing your house you are definitely in control. Make no doubt about it, it is a seller’s market now.
2. Michael Gaddis had a tent next to the Rancho Bernardo Chapter of the Lion’s Club. In case you are not familiar with the Lions Club, they are a non-profit organization founded in 1917 and are best known for fighting blindness. They also perform volunteer work in other areas such as caring for the environment, feeding the hungry and aiding seniors and the disabled. The Lions Club is a truly wonderful organization. During RB Alive!: Expo Michael Gaddis had the wonderful opportunity to speak to many of the volunteers of this fine organization. Michael Gaddis would like to encourage anyone interested in becoming a member of the Rancho Bernardo Chapter of the Lion’s Club or anyone interested in making donations to visit the Lion’s Club website at www.lionsclubs.com.
3. RB Alive!: Expo did not have as many crafts and food vendors as other street fairs that Michael Gaddis has attended in the past. The vast majority of the vendor were local service providers such as veterinarians, dentists, chiropractors, real estate companies, solar energy providers, et. If you are new to the Rancho Bernardo area it is a wonderful place to meet and get to know local businesses.
4. Michael Gaddis noticed that there were a number of real estate companies at the event. During the past few years real estate companies mostly disappeared at street fairs. This upswing in the number of real estate companies attending this street fair indicates that the real estate market is definitely changing.
5. Rancho Bernardo is a very nice community. It is very clean and the people are extremely friendly. Everyone from the police to the local vendors to the volunteers were extremely hospitable.
Overall, Michael Gaddis had a pleasant experience at the RB Alive!: Expo. Keep an eye out on Michael Gaddis’ event calendar to see where Michael Gaddis will be next.