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Blog Archives: January 2015

Three Excellent Reasons to Buy a Home So You Can Get out of the “Renting Rut”

January 30, 2015
Renting a home is a good option for some, but buying a home just might be the best thing for you. When you rent a home, you send money to someone else every month in exchange for knowing that you can call on your landlord when the roof leaks, an appliance stops working or your bathroom faucet breaks. There are some big advantages to buying a house that will help you get out of your renting rut and focus more on your future. Build Equity Did you know that when you rent a home, you help someone else build equity? Any changes that you make ...

Three Subtle Painting Tricks That Will Make Your Home Look Amazing

January 30, 2015
When it comes to painting the walls of a house, sometimes subtle is best. You want to add design, color, and texture to the walls, but you don’t want it jarring to the eyes. Here are three subtle painting techniques you can try on your home walls. Tissue Paper Texture One easy way to add texture to walls is to use tissue paper. You apply the tissue paper to the walls and it stays there until you want something new. Crumple up a piece of tissue paper into a tight ball and then open it up and smooth it out. Small textured lines will appear ...

It’s 2015! Get a Jump on Your Payments with Our Quick Guide to Paying Your Mortgage off Sooner

January 29, 2015
With the start of the New Year, it’s common to set new resolutions. While there are many goals that are worthwhile, paying off your mortgage as soon as possible can significantly improve your financial position and is a great goal to aim for. With that in mind, let’s take a quick look at a few helpful tips for paying your mortgage off sooner. Refinance To A Shorter Mortgage Term For example, switching from a 30-year mortgage to a 15-year will get your mortgage paid off in half the time it would have originally taken, and it will also lower ...

Three Keys to Getting Your SF Offer Accepted Today

January 29, 2015
Have you written multiple offers on properties and been beaten each time?  Are you frustrated with the process and tired of not getting what you want?  If you’re considering throwing in the towel, stop doing what you’ve been doing and read these three secrets to get your next offer accepted. As a buyer, the Bay Area housing market is a tough race, and Michael was thoughtful, strategic, and helped us make a winning bid on our first bid. You want a shrewd agent as a buyer, and Michael goes above and beyond. – Sam and Sean, 2014 Yelp Buying ...

Mind Your Manners: Four Etiquette Tips That Will Help Make the Home Buying Process Go Smoothly

January 29, 2015
Are you currently shopping for a new home? While it’s true that real estate transactions can be stressful, this stress can be minimized by following a few simple tips. For example, following proper etiquette plays a big role in making your real estate experience go smoothly, and in this post we’ll share four key etiquette tips that are sure to help. Get Preapproved Prior to shopping, a buyer should check with a lender to determine the maximum loan amount they qualify for. This is proper etiquette because both the seller and the real estate ...

2015 and Kitchen Design: Three Trends That You Need to Be Aware of Before You Renovate

January 28, 2015
Renovating your kitchen is an excellent way to improve its look, increase the value of your home and appeal to a more diverse range of home buyers if you decide to sell. However, a kitchen remodel can easily cost $10,000 to $20,000 or more, which is why you want to make choices that you can live with. Learning more about some of hottest trends for 2015 can help you decide what you want and don’t want in your kitchen. Traditional Is Back Trends come and go, but the classics remain constant. One of the hottest renovation trends for 2015 is a ...

Case-Shiller: Home Price Growth Slower in November

January 28, 2015
  Case-Shiller Home Price Index reports for November indicate that home price growth continues to slow. The 20-City Home Price Index dropped by 0.20 percent to November’s reading of 4.30 percent year-over-year. The five cities with highest year-over-year home price growth rates in November were: San Francisco, California 8.90% Miami, Florida 8.60% Las Vegas, Nevada and Dallas, Texas 7.70% Denver, Colorado 7.50% The five cities with the lowest year-over-year growth in home prices were: Cleveland, Ohio 0.60% Washington, DC 1.90% New ...

What’s Ahead For Mortgage Rates This Week – January 26, 2015

January 26, 2015
Last week’s economic reports included the National Association of Home Builders Wells Fargo Housing Market Index, Housing Starts for December and the FHFA Home Price Index report for November. The National Association of Realtors® also released its Existing Home Sales report for December. Freddie Mac and the Department of Commerce released their weekly reports on mortgage rates and new jobless claims. Builder Confidence Close to Record High, Housing Starts Rise The National Association of Home Builders (NAHB) reported that home builder ...

Bernal Heights Market Report 2014 Released

January 21, 2015
2014 was another banner year of double digit appreciation and record high prices for Bernal Heights. The median increase in sale price for single family houses in Bernal increased 21% from 2014 over 2013.  This followed a 23% median increase from the year prior. The median sales price for a house was $1.16M this year. Your intrepid real estate agents and data junkies analyzed the Bernal market using the infamous Bernalwood Microhood map as a way to further understand the market.  Microhood names and designations are courtesy of our friends ...

Median List Price for San Francisco Condos is $1,027,000

January 21, 2015
The median list price in SAN FRANCISCO, CA this week is$1,027,000. Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices. Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for ...

NAHB: Home Builder Confidence Nears 2005 High

January 21, 2015
The National Association of Homebuilders (NAHB) Wells Fargo Housing Market Index reported that homebuilder confidence in sales conditions for single-family homes declined one point to a reading of 57. The NAHB Housing Market Index measures home builder confidence based on builder opinions of current market conditions, future market conditions and buyer foot traffic in new homes. Home Builder Confidence Stable for Seven Consecutive Months January’s index reading of 57 was one point below December’s reading of 58. Any index reading above 50 ...

Easy Advice for a Better Move

January 20, 2015
Are you planning a move in the near future? While it will feel great to arrive and begin enjoying your new home, between then and now, you have a lot of work to do. No one ever looks forward to a move, but here are a few tips to help make your next move a little easier.   Never Leave Empty Space Don’t take chances with any empty space in your boxes. During the course of your move, those moving boxes are going to rattle around plenty. Inside, your possessions are going to be smashing around if they’re allowed to.  Keep this from happening ...

Tuesday Tour Schedule Released – 11 Pages_1.20.2014

January 20, 2015
Tuesday tour (aka Broker’s Tour) is not just for brokers anymore – the public is invited and welcome to attend. In fact, it’s one of SF’s best kept real estate secrets. Many of the properties on the tour are open for the first time. For serious buyers, this is a great opportunity to get a sneak peak before the weekend crowds. Plus, many of the open houses are catered – BONUS! Click HERE for a full schedule I go out just about every week to scope out what’s hot and what’s not and report back to my clients. We had 10 pages last week. This ...

What’s Ahead For Mortgage Rates This Week – January 20, 2015

January 20, 2015
Last week’s scheduled economic news was mixed. Job openings increased and jobless claims increased, and consumer sentiment rose. Mortgage rates fell across the board. Labor market conditions improved and consumer prices fell in large part due to decreasing fuel prices. The details: Labor Market Conditions Index Suggests Stronger Economy, Jobless Claims Jump Positive labor market ratings continued to show evidence of strengthening economic conditions. The Federal Reserve’s Labor Market Conditions Index rose from November’s revised reading of ...

Median List Price for San Francisco Condos is $929,000

January 19, 2015
The median list price in SAN FRANCISCO, CA this week is $929,000. Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market. Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. The market seems to have paused around this plateau. The Market Action Index is a good ...

Trying to Sell a Home with Tenants Still Living Inside? These 3 Tips Will Make Your Life Easier

January 16, 2015
Are you thinking about selling a home that you have rented out for some additional revenue? If so, you’re likely trying to discern how to best inform the current tenants and conduct the sales process in a way that works well for all of the parties involved. In today’s blog post we’ll explore how to sell your home while you’re renting it out to tenants and share three tips that can make the process a bit easier. #1: Review Local Laws and Your Tenancy Agreement First, you’ll want to break out your tenancy agreement and download any state, ...

Tankless Water Heaters: The Pros and Cons of Going Tankless In Your Home

January 16, 2015
Large water heaters are unsightly appliances that home-sellers would rather hide. Although it’s not always possible to banish these structures, it is possible to replace them with a version that is not as overbearing. Tankless water heaters have the potential to make one home stand out amongst the competition, but they do have some disadvantages along with the benefits. Pro: Tankless Water Heaters Use Less Energy Traditional water heaters continuously heat water that is just sitting in the tank, and this requires energy. Tankless water ...

FOMC Minutes: Low Inflation Rates Won’t Delay Rate Hikes

January 15, 2015
The minutes of the Fed’s Federal Open Market Committee (FOMC) indicate that Fed policymakers aren’t concerned about low inflation rates as an obstacle to raising the target federal funds rate. The national inflation rate was 1.50 percent for the 13 months ending in October. The inflation rate as reported in the Consumer Price Index (CPI) dropped to 1.25 percent in November. The Core Consumer Price Index, which excludes food and energy sectors, showed an inflation rate of 1.75 percent. The Fed has repeatedly cited a target of 2.00 percent ...

Prevent Icy Drafts with Our Easy Three-Step Guide to Weatherizing Your Windows

January 15, 2015
In the cold winter months, you’ll probably want to be outside enjoying the snow when you get a chance – perhaps building a snowman or having a snowball fight with the kids. However, you’ll get cold, and you’ll want to come inside to your well-heated home. While you may have dealt with insulating your attic, walls and other areas of your home, if you’ve neglected your windows you may find that they become a source of very cold drafts. In today’s blog post we’ll share a quick three-step guide to weatherizing your windows which will keep you ...

Did You Know? Here’s Why Professionally Shot Aerial Photos and Videos Can Help You Sell Your Home

January 14, 2015
Today’s home buyers are savvier about their buying options than ever before. They are able to research prices, browse listings, and investigate other important factors before even making the first call to a real estate agent. So professional photography and video can make the difference between your home getting a second look or getting skipped. In today’s blog post we’ll explore how professionally-shot aerial photos and videos can help you get your home sold that much quicker. Buyers Love Having a Birds-Eye View It’s increasingly likely ...

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