All of you did a thing! We surpassed 150 closed transactions in a very short time this quarter. Without your support, word of mouth, and outreach we do not believe we could have achieved this number in the few years we’ve been working under METIS. A heartfelt Thank You to all of you.
It's Labor Day Weekend! Where are you going?
Discover 4 Beachfront Campsites we love in California. Join our Newsletter today:
Queens SF Grand Opening Week! Discover the treasures Clara and Eddo are bringing to the Inner Sunset.
1235 9th Ave.
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
Dennis breaks down 4 common myths when it comes to Home Inspections here in the San Francisco and Silicon Valley markets.
- 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.
- 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.
- 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.
- 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!
Many thanks to Wingtip SF for hosting us at their annual Kentucky Derby Social sponsored by Blade and Bow, and Garden & Gun magazine. We cheered for the one-eyed wonder Patch, but at the end watched Always Dreaming cross the line with a definitive finish.
As a few members have mentioned, this is one of the best dressed parties of the year and this year did not disappoint. We look forward to seeing everyone at the next social!
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 email@example.com or 408.859.6528