SOLD! Zero Days on Market, $500,000 Above Median Sold Price

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As the hot summer market fades and we move into a slower autumn market our marketing strategies must change. In this market we rely much heavier on pre-marketing to ensure every possible buyer we can reach without going on the actual market is notified, then we bring the property to market to reach the remaining interested buyers.

During our pre-marketing for this incredible modern farmhouse one of the agents we reached out to had a very interested buyer who wrote and offer that neither our seller nor we could not accept. In fact, in advising that they not accept we would not be doing them just service. Being that our primary guiding principle is service first, we advised them to accept and as the market shifted the odds of another buyer meeting them at this price point was less than rare.

As the dust cleared, our sellers were thrilled with the sales price and able to move onto their next home. The new buyers, while paying what seems like an astronomical amount over asking will own the home of their dreams and in-time the appreciation will eclipse the initial investment. Also, in doing the math should they renovate their home to create their own modern farmhouse they would have spent well in excess of the premium of just moving to this property.

With this said, we can finally show you the interior of this amazing house. Have a watch as Dennis walks you through this exceptional Ken Sunzeri build:

333 First St., N906 - San Francisco

We’re very excited to bring this rare opportunity to market.

Located in The Metropolitan on Rincon Hill, unit N906 offers its resident an optimized 504 square feet of living space, gourmet kitchen featuring striking black granite counters and stainless appliances, a spa-like bathroom with in-unit washer and dryer, a deeded parking spot, and all of the five-star amenities this iconic building is known for.

Additional details & Private showings at: TheMetN906.com

605 Ninth Street - Oakland

Announcing 605 Ninth Street, Oakland!

Situated in on the border of the much desired Jack London Square and Old Oakland neighborhoods is 605 Ninth Street. This luxury high rise consists of 25 one to two bedroom units stretched amongst 8 floors with retail at the primary level. There is parking for every unit and our developers are expected to break ground before the end of the year.

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We have been given the green light to pre-sale up to 6 units at a 10-15% discount right now. Pricing starting at $500,000 for a 1 Bedroom Unit. These can be owner-occupied or used as rental/income property. For more information talk to your favorite METIS agent today.

One Hundred

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It's taken a little bit of time, but we are extremely honored to announce our 100th transaction. Together we have helped 100 buyers and sellers in one of the largest transactions of their lives. We have delivered smiles, followed up on commitments, and have brought real change to real lives.

Thank you for choosing METIS as your real estate company, and we look forward to assisting you with your next real estate transaction.

- METIS

Announcing Paige Nguyen, VP PRIVÉ Residential

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For Immediate Release

March 8, 2018

METIS Real Estate, Inc. is proud to announce its association with Paige Nguyen.

Paige Nguyen will lead METIS’ luxury subsidiary PRIVÉ Residential as Vice President of PRIVÉ. Known for her consistent high performance and relentless pursuit of quality, Paige brings a customer-centric mentality and a practical solution-driven approach to a luxury real estate.

Under Paige’s leadership, PRIVÉ will continue to push the boundaries of what a luxury brokerage can be.

Paige Nguyen
VP PRIVÉ Residential

408.821.3228
paige@metisre.com

METIS Real Estate
14407 Big Basin Way, STE B
Saratoga, CA 95070

Silicon Valley Business Journal

The Haneys

Wallace sits down with our most recent home buyers, Genny and Mark Haney to chat about some of their purchase expectations, challenges, and eventual success. 

Every home buyer has an extensive wish list of wants, but being in such a seller's market, buyers often need to whittle down and compromise. Genny and Mark started out with an ambitious list and this was further compounded with their desire to stay within geographical and budgetary constraints. We looked at many properties with them over the span of a couple months, then found the property we're sitting in. Watch the video to learn what happened.

2018 Tax Reform Workshop

Californians benefitted from an unlimited cap when deducting state local property taxes, but as of 2018 that has been capped at $10,000. Mortgage Interest Deductions are now $250,000 less than what was previously allowed.

Learn how this, and much more affects you and how to get the most out of your 2018 return based on what our panel of experts have translated from the current tax situation. 

Register early. Seating is limited.

REGISTRATION CLOSED

So you want to buy a house with Bitcoin?

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Bitcoin's value has multiplied nearly 20x this year. At the time of this writing, bitcoin is trading just above $19,000 USD per coin. As the year ends the average house in Silicon Valley is just under $1.2m, or roughly 63 bitcoins. 

Being Silicon Valley, many of our clients have either heard of bitcoin over a decade ago and/or have even participated in 'mining'. Many have accrued bitcoin and often forgot about them as the actual value was below $0.01 for a very long time. We're not going to get into the origins of bitcoin, or what exactly bitcoin is, however for this article we'll be treating it as a variable asset no different than a public stock traded on a global exchange, and finally we will not be discussing the ramifications of bitcoin or other cryptocurrency and real estate. Those are topics for future articles and workshops. 

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So you have enough bitcoins in your wallet and would like to purchase a house? At the very foundation of such a transaction, a house is a tangible asset of which its owner can exchange for anything they deem of value and worthy of exchange. Typically, this is a cash value, but being in Silicon Valley we have seen enough homes sold for pre-IPO stock, usually for a young and promising 'disruptive' company. Most recently we witnessed a Santa Cruz beach house sold for an undisclosed amount of pre-IPO Facebook stock in early 2012. 

Considering that the entire cryptocurrency market is experiencing a bull market at the moment finding a home owner willing to exchange their property for your bitcoin may highly likely, however should you? Lately the value of a single bitcoin has been anything but stable, and when managing real estate transactions the very last thing we want our clients, buyers or sellers, to experience, is remorse. 

Our recommendation would be to first consult with your CPA, because when you convert your bitcoin for cash the IRS considers this a taxable action. Like selling stocks or shares in a publicly traded company, any gains on your bitcoin falls under capital gains. Thus when purchasing a theoretical $1.2m Silicon Valley home and assuming you've held your bitcoin longer than 2 years that 63 bitcoins looks more like 75 bitcoins once capital gains and closing costs are factored in. 

In short, if history serves, exchanging actual bitcoin for property is a terrible financial idea. In 2010, a man in Florida exchanged 10,000 bitcoin for 2 Papa John's pizzas. 10,000 bitcoin today is worth nearly $200m. In 2013 a man paid 91.5 bitcoin for a Tesla Model S, that 91.5 bitcoin is worth nearly $2m today (a used 2013 Model S is only worth $40-45k today). Earlier this year a man purchased a Lamborghini Gallardo for 45.6 bitcoin. Bitcoin has skyrocketed since and those 45.6 bitcoins are worth nearly $900,000 today. You get the idea. Convert to cash, plan to pay capital gains, and we'll get you that house!

METIS REAL ESTATE SIGNS CO-MARKETING AGREEMENT WITH MONTEREY MOTORSPORT PARK

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METIS is a new breed of real estate firm based in the Silicon Valley, with a branch office in Los Angeles. More than just a group of sales brokers, METIS associates draw upon diverse backgrounds to provide truly solution-oriented service to meet each client’s real estate needs.

The dynamic young firm started out in the residential business — providing full service, fair fees and a world of capabilities to assist home sellers and buyers. From that beginning, METIS has expanded into other niches: delivering specialized services for high-net-worth individuals and those who require the utmost level of privacy through its exclusive PRIVÉ service. Providing an innovative approach to commercial brokerage and development. And offering consulting to those who need information or assistance with anything from an analysis of local real estate values to 1031 exchanges.

Now, METIS Real Estate can also help you find the garage-condo unit of your dreams in an extraordinary car-driven community at Monterey Motorsport Park, along Hwy 68 adjacent to Monterey Regional Airport.

 Unit 8-A Render

Unit 8-A Render

Designed for High-End Collectors and Motorsports Enthusiasts

The garage-condos at Monterey Motorsport Park is the perfect solution for Monterey Peninsula residents or those who frequently visit Carmel, Pebble Beach or other nearby destinations — and who have a car collection, large wine collection or other needs for a high-end storage solution.

The community features 88 upscale garage-condos ranging from just under 700 sq. ft. to slightly more than 4,250 sq. ft. in the four-building complex, so buyers can find one that meets their precise needs. All units have oversized roll-up doors for easy access — and some will accommodate large boats or motorcoaches.

What makes Monterey Motorsport Park unique — and differentiates it from any other storage facility you may have considered — is that each garage-condo features a mezzanine 14 feet above the garage floor, accessible via an interior staircase. With ceiling heights of up to 25 feet in the units, these roomy, airy spaces are being converted by owners into personal offices or luxury retreats — with cable TV, Internet, and phone service.

As a result, Monterey Motorsport Park will be a true community — a place where you can congregate during Monterey Car Week or gather to watch big sporting events, work on vehicles or just hang out with friends. Good luck with that at your neighborhood mini-storage!

 Unit 1-A Render

Unit 1-A Render

Cost-Effective Way to Get Storage Space

With our co-marketing agreement with METIS, you’re guaranteed a cost-effective way to get the garage-condo storage space you need for your cars or motorcycles, wine, vacation home furniture, or other business or personal items. And you’ll enjoy METIS Real Estate’s experience and top-drawer service in helping you find the ideal unit.

Don’t wait! Although construction of Monterey Motorsport Park isn’t slated to begin until the spring — with completion scheduled for early 2019 — already 30% of the units have been reserved by buyers. There’s simply nothing else like it in Northern California!

 Unit 11-B Render

Unit 11-B Render

 Unit 10-D

Unit 10-D

For more information contact Monterey Motorsport Park

Or contact METIS Real Estate at (408) 859-6528 or by emailing hello@metisre.com. Cal BRE: 0191498

METIS Outsite | Nov. 28-29, 2017

We have successfully concluded our annual off-site, aka "outsite" at the infamous Quail Lodge & Golf Course in Carmel Valley. The focus of these meetings is to allow our team to be completely immersed in a learning environment and to create a clear path for their individual goals and businesses the following year. As hard as we push our team we also build in incredible experiences and rewards throughout the excursion to ensure there's a healthy balance between work and fun. 

Many thanks to Jess at Quail Lodge for taking care of the details and Justin from Land Rover Experience for ensuring everyone had the best time. 

Looking forward to 2018!

4 Common Home Inspection Myths

Dennis breaks down 4 common myths when it comes to Home Inspections here in the San Francisco and Silicon Valley markets.

  1. Not all Home Inspectors are equal - Just because a person holds a license, it does not mean they are exceptional at what they do. We hire our inspectors based on experience and track record. They understand the type of home, the neighborhood and communities they work in and can identify issues quickly with a degree of certainty. 
     
  2. A Home Inspection is not a Home Valuation - Home Inspectors only give you a health check-up on the home. Things that need or should need repairing, or items which need to be brought up to code. For sellers, we can get a pre-emptive inspection and address all problem areas before an actual home inspection, and for buyers, a home inspection provides an additional layer of transparency to the property they are considering purchasing. 
     
  3. Buyers do not usually pay for the Home Inspection - In San Francisco and Silicon Valley, we try to be as transparent and open about the property as possible. This leaves zero doubts to what the buyers will be buying and encourages aggressive non-contingent offers. As a result, when working with our buyers, we are placed in the opposite situation where we must anticipate other bullish offers and write one that's clean and attractive enough to the home sellers. However, in our Los Angeles office, it is still rare to find home inspections completed by sellers. It is often the buyers' responsibility to order one during the escrow process. We are seeing a slight shift in some Los Angeles markets, but for the greater whole, the sellers do not regularly purchase a home inspection as part of their disclosure process. 
     
  4. Home Inspections are not a license to re-negotiate on price - Finally, if a home inspection report displays 'minor' items such as outdated electrical, squeaky floors, or even small termite issues we typically recommend accepting the damage and writing an offer as if the house was perfect. The only conditions that would justify a reduction in offer price are major items such as Section 1 damage, roof replacement or clear and necessary foundation damage. Otherwise, the job of a Home Inspection report is to inform and educate a home buyer and an incentive to write cleaner offers.

Hopefully, you found this informative. If you have questions or require a great home inspector leave a comment or contact us today!

Winter Home Buyers Workshop - December 6, 2017

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We had another seller's market this summer and see the market adjusting. Most of our buyers this year were all financed through traditional lending with 21-30 day closes, and even winning against all cash, non-contingent offers. Discover and learn what it takes to not just purchase a property in Silicon Valley at this workshop but work directly with our team of experts to properly prepare mentally and financially for your first home purchase!

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METIS Buyers Team
Sarah Lockrem • Eric Baird • Sylvie Roy • Wallace Chane
Fred Mayer • Annie Cheng • Dennis Loewen

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Sally Audet
New American Funding

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Sunny Wang
Essence Wealth & Insurance

Space is limited. RSVP Today!

REGISTER:

Name *
Name

Insurance Photography & Matterport Services for North Bay Fire Victims

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This morning we noticed the efforts of Eric Overton, CEO of Inside the Address, through Matterport's blog. Eric is a Matterport service partner in the greater Houston Texas metro area, and utilized his Matterport camera to document the flood damage in an effort to help homeowners speed up insurance claims. 

METIS owns one the newest Matterport Pro2 cameras along with shelves full camera equipment. We got to thinking and wish to carry Eric's ethos here in the SF Bay Area by providing Matterport services for those with remaining structures, and insurance photography services for those who require documentation completely free of charge.

Per Matterport, here is how all invoved can benefit from a Matterport 3D-Scan:

  1. Homeowners:
    • Be sure to completely document the content inside a home. 
    • Use your Matterport scan over and over. You will be able to email the scan to multiple contractors for repair estimates

  2. Contractors:
    • Use 2D schematic floor plans for square footage and measurements
    • Explore the 3D virtual tour when you cannot physically return to the home
     

  3. Insurance adjusters:
    • Send your company the 3D virtual tour as documentation of the homeowners content for review
     

  4. Interior Designers:
    • Take measurements from the 2D floor plan or from within Matterport’s Cloud platform • • Import .obj files into 3rd party software like Sketchup 


Disclosure: There is no fee or commitment for this service. However, METIS does have limited bandwidth and will try to schedule and accommodate as many requests as possible in the shortest amount of time possible. If you are a Matterport service provider and wish to help with our efforts, please contact us directly. We would sure grateful and appreciate any additional help.

 

Home Owners, please complete the form below to request Insurance Photography or Matterport Services:

Name *
Name
Phone
Phone
Best number to reach you - call/text
Address of your property
If you know, please describe the amount of damage to the best of your knowledge. This allows our team to properly prepare before arrival.
Anything you would like to add.

#sonomastrong #napavalleyspirit #mendocino #lakecounty #tubbsfire #tinfire #lakefire #sonomafires #norcalfires #

JUST LISTED: 6 Macleod Way, Scotts Valley

Just listed in Scotts Valley is this beautiful 11-year old custom construction. Located at the end of a private and quiet cul-de-sac just off Highway 17, 6 Macleod is a 3 bed, 2.5 bath, 1,700 sqft home featuring wall to wall hardwood on the first level, an open floor plan, updated kitchen with miles of granite counters and stainless appliances. Upstairs boasts fresh wall-to-wall carpet, three spacious bedrooms, including a luxuriously appointed master bedroom with his and her's closets and a spa-like bath retreat. The lot spans nearly 5,000 sqft and is fully landscaped with a playset. 11 short minutes to the beach, and only 25 minutes from Silicon Valley. Offered at $849,000.

Open House Schedule:
Saturday 9/30 1:30-4:30p, refreshments provided
Sunday 10/1 1:30-4:30p, refreshments provided

End of Summer Happy Hour

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When we started this year one of the goals was to have more social events, especially post work casual happy hours. Here we are at the end of August and finally had the time to enjoy the first, and hopefully not the last, Happy Hour of the year. It was great to see all of our wonderful clients, friends, families and day 0 supporters. 

We'll be sure to update our calendars and let you know when the next one is. 

Thank you for all of your support and continued business!

COMING SOON: 15-Units in the Prime of Los Angeles' K-Town

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It's not often that such a well maintained and turn-key investment opportunity comes on the market. 15-units, 100% occupancy, and zero rental restrictions. 

Contact Luis Rhee for additional details and to schedule showings. 

Luis Rhee, VP METIS Los Angeles
424.260.7620
luis@metisre.com

Schedule Showing:

Name *
Name

SCAM ALERT: Property Grant Deed & Assessment Scams

 This was sent to one of our buyers shortly after they moved in.

This was sent to one of our buyers shortly after they moved in.

When you purchase and move into a home you will experience an influx in mail, invitations and solicitations. There will be many important documents that will arrive in your mailbox, along with welcome solicitations such as the local grocery store, and unfortunately the shadier operators in our society are also out to make a few bucks off of your good fortune.

These scams have been common over the past few years. The general traits all highlight the importance of owning your property's grant deed and some form of assessment. In the past years they have all requested a range between $79 to $89 for this 'service.'

Fact is, your grant deed is mailed to you free after the close of escrow and if or for some reason you needed a copy - the county clark's office can produce this for you for a small processing fee. The property assessment and valuation was done by the appraiser your lender hired and again by the county accessor after you closed escrow. Should you wish to have a current valuation, our team is always happy to update you on your home's expected value based on current market conditions.

In this particular case, the service fee was $86 for the 'service,' while it may not be a whole lot considering the living index of Silicon Valley - it's $86 our clients did not have to spend. Make sure not to get suckered into this common scam, and make sure to tell a friend or family about it so they don't either.

For more information about METIS: http://www.metisre.com/

Content LAB: Wood + Water, July 8, 2017

We're sponsoring a Content LAB in conjunction with Content Magazine and Bay Maples! It's this Saturday, July 8, 2017 and the main topic of the evening is gray water systems, and how to adapt your environment to a more eco-friendly and sustainable lifestyle without sacrificing the comforts you currently call home. As a perk, it should also lower your water bill!

Dinner, Drinks and Entertainment provided. 

Limited seating. Buy your tickets early!

Behind the Scenes.

One of the things we continue to do here at METIS is to improve our product. This means streamlining the process, a continuous investment into technology - both hardware and software, and most importantly hiring talent. An area we've been anxiously wanting to grow is our in-house videography. This means not just stitching together photos and passing that off as a 'video tour' but to get into story telling, A-rolls with B-rolls, sound editing and post production. The end goal is to not just have an in-house marketing department that services our clientele, but an in-house media production department.

This reel was done freehand utilizing a Sony A7R, Carl Zeiss lens, and a Rode shotgun mic. It was also above 100°F out and our CEO was clearly feeling the heat. However, we wanted to show you a bit of what goes behind the scenes and the multiple trials and errors of our process before something makes it to the production stage and to where we're comfortable offering it to our clientele. 

Thanks for your support!