Silicon Valley

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.

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.

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:

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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!

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!

Content LAB: Wood + Water, July 8, 2017

METIS is proud to team up with Content Magazine and Bay Maples to put on one of Content's infamous LAB's. On Saturday, July 8, 2018 we have speakers lined up to educate a limited audience on gray water systems, eco friendly living, and green construction. Attendees will also participate in interactive entertainment, exclusive access to panelists, along with dinner and an open bar. 

$75 General Admission
$45 Content Subscriber
$30 Students

For additional information, or to inquire about METIS Sponsorship:

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Congratulations Uland Liao!

Years ago Uland took a giant leap of faith and purchased his first property, a 2 bed / 2 bath condo off of North First Street in North San Jose. Coming right out of college and just getting his footing in Silicon Valley this was a big commitment. Uland made improvements to the property and when it was time to sale he solicited our experts. He was nervous through the entire process, a 'worry wort' in his words, but things couldn't have gone smoother. During his ownership this area in North San Jose exploded and the demand for housing skyrocketed. We were able not to only achieve top dollar for his property, but accepted an offer in less than 7 days and scheduled everything to parallel with his purchase - a 4 bed / 3 bath single family home.

Here's Uland talking with our CEO Wallace Chane on moving day:

Congrats Uland! Thanks for working with METIS!

Contact us to sell your property today:

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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