Real Estate

The most unexpected perks in our roles

METIS Minute // Ep. 012

4 featured properties this week:

1425 Courtyard Dr.
Cambrian Park // San Jose

3 Beds / 2 Baths / 1,673 Sqft / $1,399,000

Open this Saturday 5/18 & Sunday 5/19 1-4pm
Offer Date set for Tuesday 5/21 by 1pm

1425Courtyard.com

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2395 Silverlake Blvd. #13
Silver Lake // Los Angeles

1 Bed + Loft / 1.5 Baths / 1,360 Sqft / $775,000

SilverlakeLoft.com

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Coming Soon in Hayward

6 Beds / 4 Baths / $Inqire

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Coming Soon in Berkeley

3 Beds / 2 Baths / $Inquire

METIS Minute: February 5, 2019

We started a new feature this year. With recent market changes it is ever more so important to pre-market our listings and get them in front of more potential buyers than ever before. Part of this effort is the filming of our weekly activity and ensure the public is aware of what we are doing as a team. These videos are broadcasted on Facebook, Instagram, LinkedIn and YouTube. Our weekly reach is in the tens of thousands and these videos become better every week.

Want your property featured? Get a hold of us today.

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!

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!

SOLD - 4396 Laird Circle

A big congrats and many thanks to Janice Chua and Ian Chan on selling their Rivermark home.

This was the cleanest original Rivermark home we have ever seen. It showed like a new build inside and was evident that both of them lived very light. In the property preparation phase of this property all we had to do was thoroughly clean, stage, and replace the cooktop as the ignitors ceased working.

Then we went on market Mother's Day weekend which was a week earlier than originally scheduled. While we experienced excited buyers and a flood of visitors we opted to hold the property on the market for an additional week and a second weekend of open homes as many buyers expressed frustration of them needing to choose their mothers or their potential new house. We felt allowing all potential buyers the opportunity to tour the home was in everyone's best interest. 

As the second open house weekend wrapped up we set an offer date that following Wednesday. After reviewing all offers we selected a very clean, above asking offer and our clients were able to transition to the next chapter of their lives in Singapore. 

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This sale meant a lot to our team. For one, Janice was one of METIS' earliest supporters and one of the very few who knew about METIS before we publicly launched. Where as start ups of yesteryear (HP, Intel, Apple, Google, etc.) were often associated with garages, many of today's start ups got their start in coffee shops. Janice and Ian owned Bitter+Sweet Cafe in Cupertino where we often met and worked on METIS, it was practically a second office for us. 

Thus, when Janice inquired about the sale of her property, we were honored. 

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Many Thanks Janice & Ian! We hope to see you in Singapore!

- METIS

Selling? Interview us first!:

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PENDING - 7100 Rainbow Dr. #32

Offer accepted in just 6 days. Congrats to Mimi Goh for a tour de force effort in getting this property prepped, listed and shown in less than a week. Sellers are incredibly happy and this allows them to purchase their next move-up house.

Contact us today to learn how to sell, then purchase in this competitive market.

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SOLD - 631 Redwood Road

We had a riot selling 631 Redwood Road in Felton, CA. While unlike any of the properties we typically represent, this was one our social media accounts with the hashtag #CABINGOALS

We wish the new owners a charmed ownership, and plenty of memories in this Instagram-worthy home amongst the Santa Cruz Mountain Redwoods.

Announcing METIS Los Angeles!

Yes, the rumors are true. We have launched METIS Los Angeles! Thanks to the internet and vast array of transportation options the world becomes increasingly smaller. The number of people commuting between Greater Los Angeles and Greater San Francisco has been steadily increasing year over year. In addition, Silicon Beach has taken an identity all its own. With cornerstone technology anchors such as Google's future campus in Playa Vista, Facebook, Yahoo, Snap Inc, Tiger Text, TrueCar, Dollar Shave Club, and the start up corridor in Santa Monica - the synergy between the Greater San Francisco Bay Area and Silicon Beach is undeniable. 

Leading METIS Los Angeles is Luis Rhee, a veteran of real estate in Los Angeles.  A graduate of USC and residing in the city for the past two decades, he brings the local expertise to METIS that will serve even the most discerning clients beyond expectations.  Prior to real estate, Luis was a Sr. Partner and top producer at a prominent Technology talent firm. One afternoon while surveying the Los Angeles basin from Griffith Observatory, Luis had an epiphany and shifted his focus to real estate.

Outside of real estate, Luis and his family reside in the Los Feliz / Silver Lake neighborhood of Los Angeles. His passions include traveling, food, wine, and surfing. You'll often catch Luis surfing the breaks of Manhattan Beach, checking out the newest restaurants in the city or cheering for this his Trojans at USC football games.

Above all Luis is an exceptional communicator, and project manager. We have worked with Luis for over a year on this project and am confidence in his straight forward and fast paced approach. 

Finally, Los Angeles is a truly fantastic city. It's only rival to diversity, food and cultural acceptance is San Francisco. Every time we visit we have an amazing time and meet incredible people. As Robert Crais once mentioned, "It's 465 square miles of insanity and the best food on the planet."

Web are humbled and excited to be a part of the insanity that is Los Angeles. 

2017 First Quarter Market Update

If you've been home hunting then you know that the market has not missed a beat, in fact as we head into Silicon Valley's selling season the market is showing no signs of slowing down. 

In March the Federal Reserve increased it's benchmark interest rate a quarter of a percent amid rising confidence that the economy is poised for more robust growth and solid employment numbers. In the span of 12 months the rate has gone up 90 basis points taking a typical 30-yr fix from 3.25% to 4.15% which roughly translates to an additional $400/mo on the same borrowed amount. 

Silicon Valley and San Francisco still continue to show record low inventory. With thousands of eager and active buyers on the market, we are able to continually set record sale prices for our sellers. Nearly every one of our listing in Q1 has sold within 72 hours of the open home weekend, and many are sold within hours of listing. Proper staging, professional photography and direct target marketing continues to be the most effective methods of ensuring a connection between the home and the buyer. 

Moving into Q2, this means that we will be working extra hard to ensure that our listings remain a cut above. We will also start to prospect for off-market opportunities for our buyers. Unlike most brokers that sell 2-3 properties a year, we move millions of dollars of properties every month. This compounded knowledge and experience allows us to be at the very cutting edge of our expertise.

Leverage our experience to sell your property for top dollar, in the shortest amount of time, or to successfully purchase in this ultra competitive market. 

Get started by contacting us at hello@metisre.com or 408.859.6528