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Blog Archives: February 2014

How To Make Your Home Look Luxurious On A Budget

February 28, 2014
Have you been looking through home décor magazines and admiring the gorgeous homes inside? Would you like to add a touch of elegance and luxury to your home, but don’t quite have a million-dollar budget? No need to worry. There are many ways that you can make your home look like a million bucks without actually having to spend a fortune. Luxury Home Décor Ideas Here are a few great ideas that don’t cost a lot. With a little bit of planning and some elbow grease, they’ll take your home from ordinary to extraordinary. Mount your curtains at ...

Where To Squeeze A Home Office Into Your Home

February 27, 2014
    If you work from home, you already know the importance of having a home office. It’s a place where you can separate your home life and work, so that you can get “in the zone” and concentrate on the important work tasks that you need to complete. But where should you place your home office? If you have a spare bedroom in your home, the answer is easy. But what if you don’t have this extra space? Is it possible to squeeze a home office into an already full home? Definitely! You just have to think outside of the box. Here are some ideas: ...

SOLD 1001 Pine St

February 26, 2014
I represented the buyer in the sale of 1001 Pine Street, a condo in Nob Hill. Listing Price: $499,000 Sale Price: 600,000 Close Date: March 5, 2014 This studio condominium is absolutely gorgeous! with a built-in wall bed, it feels much larger than a studio. Amazing eastern views, walk-in closet, common floor-deck and laundry. Click Here for Full Property Details

How To Maintain Your Gutters

February 26, 2014
An entire gutter system around the home might seem expensive to many homeowners. However, not having one could mean water pooling around your home, creating a moat and costing you thousands of dollars in damage to your foundation. It’s a good idea to install gutters and take care of them. Here are some tips for gutter maintenance to help keep water away from your home. Unclog The Gutters Annual gutter maintenance includes clearing them of debris such as leaves, sticks or animal nests. Remove downspout cages and clean them; determine if ...

What To Consider When Buying A Fixer-Upper

February 25, 2014
    In your imagination it seems like a great idea–you purchase an older, run-down property and you have the chance to fix it up and turn it into the home of your dreams. Now, how about the reality? To Renovate, Or Not To Renovate The renovation project that is simply a quick montage in your imagination will actually take several months or years and thousands of dollars in real life. The concept of renovating a “fixer-upper” property is exciting, but the reality is a lot of work and investment. How can you make sure that you are making ...

The median list price for San Francisco condos is $839,000

February 24, 2014
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 its high point. The Market Action Index is a good leading indicator for the durability of this trend. Click here to view the full report. To learn how you can take advantage of these market conditions in San Francisco Real Estate, contact me at mtminson@gmail.com or 415.606.2625.

What’s Ahead For Mortgage Rates This Week – February 24, 2014

February 24, 2014
Last week’s economic data supported recent reports indicating that housing markets are slowing. The National Association of Home Builders/Wells Fargo Home Builders Index (HBI) dropped by 10 points to a reading of 46 for February. Home builder confidence dropped to its lowest reading in nine months, and fell below the benchmark of 50, which indicates that more builders are pessimistic about current market conditions than not. Severe weather was blamed for the lower builder confidence reading, which fell below the expected reading of 56. ...

Sell A Home, While Managing Your Stress

February 23, 2014
When we are going through a difficult and stressful time, our bodies naturally react to the situation. This “fight or flight” reaction to stress makes us more alert and ready to avoid danger, so it is helpful in the moment. However, if you are in a constant state of stress on an ongoing basis, this can be very damaging to your health and can increase the risk of diseases such as heart disease, depression and other problems. Chronic stress can also result in insomnia, headaches, upset stomach, elevated blood pressure, chest pain and much ...

How To Make Your Old Furniture Look Like New

February 22, 2014
Out with the old, in with the new. The beginning of 2014 can have you wanting to reinvent yourself — and your home. It’s time to start fresh. Paint the walls, change the curtains and get new furniture. It’s important to have your home be a reflection of you; however, all that remodeling can get expensive. Take a cue from Auld Lang Syne by buying a few new pieces, but keeping some of your older furniture. If they have sturdy bones, then you can update their look by reupholstering them to fit your new home vibe. Below are DIY steps to help ...

How To Get The Full Asking Price When Selling Your Home

February 21, 2014
Selling your home is a complex process and there are a lot of factors that you will need to consider. Your goal will be to sell your home in a timely manner, while getting the highest price you can. However, many properties sell at a discount because the buyer is able to negotiate a lower price on the property. Although it is impossible to guarantee that you will receive your full asking price when you sell your home, there are things that you can do to increase the likelihood of this happening. You will need to have a strategy that ...

Smart Ways To Create Equity Within Your Home

February 21, 2014
Home equity is the difference between what your home can sell for and what you owe on it. Generally, the longer you own your home, the more equity you build. This is money you can use before you sell your home through a home equity loan. Just keep in mind that a home equity loan is secured with your home. If you can’t make the payments, you can lose your home. Use Your Home Equity In Smart Ways: Remodel Your Home – If you’ve wanted to add on a family room or modernize your kitchen, consider using your home’s equity to fund the project....

What’s Ahead For Mortgage Rates This Week – February 18, 2014

February 18, 2014
Last week’s economic news was dominated by the first address by the new Fed chairperson, Janet Yellen. Tuesday’s news included the Jobs Openings report for December 2013, which matched November’s reading of 4.0 million jobs available. This information was taken from a gauge of competition for available jobs; in December, competition for job openings fell to its lowest level in five years. Fed Chair Janet Yellen‘s First Address to House Janet Yellen addressed the House Financial Services Committee for the first time on Tuesday as Chair of ...

SF #1 Ranked Market in 2014 ULI Survey – Strong “Buy” Recommendation

February 14, 2014
For the second year in a row, San Francisco is the top-ranked market in the Urban Land Institute, Emerging Trends in Real Estate , 2014 survey. This tech-influenced market is attractive to young workers, and with meaningful supply constraints in place, its location at the top is no surprise. The number-one ranking isn’t dependent on one variable, as San Francisco was ranked first for homebuilding prospects, third for development, and first for investment. Survey respondents find the prospects for this market to be “good” for investment and ...

The median list price for San Francisco condos is $849,000 this week.

February 13, 2014
Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market. Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there. Prices seem to have plateaued here at the all time high. When we see these conditions, we pay ...

Ready To Buy Your First Home, Here Is Your Quick Checklist

February 12, 2014
Buying your first home is a major milestone in your life, similar to graduating high school or moving out of your parent’s house. When you buy a property, you are making a long-term investment decision in your future and potentially taking the first step toward your future financial security. However, buying a house before you are ready can actually be a negative move that puts a cramp in your plans. It is important to assess where you are in life, so that you know whether or not it’s the right time to buy a house. Some people buy their ...

Median Sale Price up 23.2% Since Last Year

February 11, 2014
The Median Sales Price was up 24.6 percent to $928,000 for single family homes and 24.6 percent to $950,000 for Condo/TIC/Coop properties.  The one year change in median sales price for all residential property types is up 23.2%. The same factors that catalyzed widespread market recovery in 2012 and 2013 are likely to continue in 2014, though perhaps at a more moderate pace. That’s not a bad thing, since the market is returning to a stable, healthy state. Potential trends to watch for in 2014 include increased seller activity, more new ...

How To Emotionally Detach From Your Home When Selling

February 11, 2014
Let’s face it, selling your home can be an emotionally difficult process – especially if you have lived there for a long time. When you make a house your home, it holds many of your memories and it becomes a part of your identity. How can you sell the house in which your child took their first steps, where you held many dinner parties and where your family celebrated so many birthdays and holidays together? You will go through a period of transition when moving house, which can be mentally and emotionally tiring. It might be hard to sell ...

What’s Ahead For Mortgage Rates This Week: February 10, 2014

February 10, 2014
Residential Construction Spending Up Last week’s mortgage- and housing-related reports began with Construction Spending for December, with a reading of 0.10 percent or a seasonally adjusted $930.5 billion. December’s reading fell short of an expected increase of 0.40 percent. Spending for private sector projects rose by 1.00 percent; of this amount, residential construction spending increased by 2.60 percent and private sector spending for non-residential construction fell by -0.70 percent. Although construction spending posted only a ...

Conducting Your Own Home Energy Audit

February 07, 2014
If your monthly energy bill has started to make you cringe, then it might be time to conduct an energy audit on your home. Hiring a professional can cost you a pretty penny, so save some money and examine your home yourself. Armed with a few tools and the tips below, you can identify problem areas that could be costing you every month.  Energy Bills Analyze last year’s energy bills. Each statement should itemize the energy you use each month in kilowatts. Note any spikes that could indicate problems with one of your appliances or the ...

What Is DOM And How Does It Affect Your Home For Sale?

February 06, 2014
“DOM” is the shortened industry term for Days On Market, used by the multiple listing services. It’s exactly what it sounds like: the number of days that your home for sale has been on the market. This metric covers the time from when it is listed through the closing date of the transaction. Why Is DOM Important? For a buyer, a longer DOM can be a good thing. The seller is probably more eager to sell than a month earlier, and is more likely to make a deal. An eager seller makes a happy buyer in most cases. On the other hand, it might not be ...

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