How to Sell Your Home Fast (or not, if that’s your thing)

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If you’re thinking about selling your home, you want the highest and best price. Because most people think that their home is worth more than it really is. They need an agents help.

How to Sell Your Home Fast (or not, if that’s your thing) attempts to show you how to sell your home fast for the highest and best price.  The process makes putting a home on the market less stressful. And owners will have an easier time making decisions when it matters most.

Prepare your home for sale by starting from the outside to create curb appeal. By giving your home a new paint job if if hasn’t been painted in the past 10 years.

Your agent may recommend that you perform repairs to correct visible flaws-or even suggest staging your home so it feels more spacious. And potential buyers can picture themselves living there.

Price it right by asking your broker to perform a market analysis. And look closely at the comparable sales of similar homes in your neighborhood that have closed in the last 90 days and take the number of available listings into account when agreeing to an asking price. 

Let me explain why:

  1. Homes that have failed to attract a buyer in a reasonable period of time may be overpriced.
  2. Foreclosures or distressed properties in your neighborhood can impact your homes market value.
  3. It never pays to set the price too high; most buyers will need financing and the bank will generally use an appraisal based on recent sales to justify the loan amount.

Pricing your home competitively from the get-go increases the odds of a quick sale.  

Because:

  1. Most buyers screen available homes on the Internet, and new listings get 4 times more web traffic. If your home is priced too high when it hits the market, you run the risk that active, qualified buyers will scroll right past it.
  2. New listings are calledhot for a reason-buyers get excited about them. Showings are likely to cool off noticeably after the first 30 days on the market.
  3. When weighing an offer, make sure to consider the potential costs of holding on to your property longer than you want or need to (including the mortgage, property taxes, insurance, maintenance, etc.).

Make sure you also lean into your trusted real estate professional for additional insight and guidance when you are thinking about selling your home.

44 percent of sellers offered incentives to attract buyers  and 91 percent of sellers said their home was listed on the internet

Each week time is spent researching and writing enchanting real estate trend articles for you. I hope you enjoyed this one. Let me know what you think.

Any questions? Would you like to chat? Call us at 415 378-6614 or send us a note.

We look forward to hearing from you!

 

 

 

How An Appraiser Sabotaged A Deal With Unclad Hands

 

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Appraiser ruins home buying plans.

Many times an appraiser will wreck the home buying plans of the first-time home buyer. Across the country, agents and home builders are complaining. Too many appraisals are coming in low, scuttling deals. Let me explain how.

Mr. Appraiser, had sized up a four-bedroom, three-bath house in San Rafael, CA for $45,000. Less than what the buyers offered to pay. A typical deal-killer for a seller.

And now come the best part.

Mr. Agent urged the lender to force Mr. Appraiser to consider several other properties. That could back up the original $1,410,000 sale price.

He tells Mr. Appraiser his valuation was going to wreck this first-time buyers’ shot at the American Dream of home ownership.

Buyers beware when your agent tries to persuade the appraiser to back up his valuation. By considering other properties you’ll end up likely paying $45,000 more for the house.

According to the National Association of Realtors 25 percent of its members has reported clients losing a sale. Due to a botched appraisal. The National Association of Home Builders said low valuations were destroying a quarter of all new home sales. The trend is to compare distressed properties to recently built homes.
What do you think.
Should distressed homes sales sit side by side with other recently built homes?

Roughly 40 percent of all home sales in past years were foreclosures or short sales. Meaning the property sold for less than the mortgage balance.
Mr. Appraiser determined the value of the property by looking at recent sales of comparable homes. Not only that.
He took an apples-to-apples approach.

In most cases, a foreclosure isn’t used as a comparison for a standard sale.

“Over the piano a sign read: Please don’t shoot the pianist. He is doing his best”.-Oscar Wilde

batesrealestategroup.com

Mr. Appraiser argues he is only sizing up homes according to the reality of the market. But he admits its becoming more difficult to determine the true market value of a home.

Each week we research and write enchanting real estate trend articles for you. I  hope you enjoyed this weeks subject. Share it with friends and family.

Any questions? Would you like to chat? You can call me at (415) 378-3314 or send a note to breginc@batesrealestategroup.com.

How to get the home you want

 

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Potrero Hill District

Searching for your first home is a nerve racking process. But Bates Real Estate Group has some inside info to make the search in San Francisco easy. So that you can find the home you want in less time.

How to get the home you want in San Francisco will take some planning:

1. Financial Options

Get approved for a mortgage loan . Visit your bank to see how much house you can buy. Get approved for a mortgage loan.

You will need at least a twenty percent down payment. This money should be in your account when you apply for the mortgage loan.

You may want to factor in a little extra cash for closing costs as well.

You might make a determination to go with a fixed rate mortgage. Where the interest rate remains the same. Fixed rate mortgage are usually for fifteen or thirty years.

Or you may decide on an adjustable rate mortgage. They offer lower interest rates in the beginning. But adjust to reflect changes in the credit market.

A fixed rate mortgage often seems higher in the beginning. But your mortgage payment will remain the same for the life of the loan.

2. Other costs and fees of home buying

First time home buyers are often unaware that there’s more to paying for a home. Than just the down payment.
Besides the down payment, you will also have closing costs. Appraisal fees, broker fees, and loan application fees .

Other expenses include the cost of the moving. As well as n property taxes, home owners or condo association fees. Which may have yearly increases and other related costs.

Considering making any renovations to the home? If so you should also set money aside for any changes that you are considering.

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3. Know what you want 

San Francisco is chock full of diverse neighborhoods. Some people never use their kitchen and want to be near great restaurants.

Other people love to entertain at home and want a larger space for their friends. And don’t care as much about the number of restaurants in the area.

Much of this is personal preference but can lead to buyer’s remorse. Down the road if you don’t stick to your instincts about your lifestyle. Bates Real Estate Group can help you find available homes in San Francisco. In a variety of neighborhoods and price points. And can help you find the perfect home through a process of elimination.

4. Extensive Research

You can use a  broker, or do your own  research in discovering if a property is right for you.

For instance, you may have heard that foreclosures are good deals.

But.

Foreclosures take longer to close and having higher interest rates.

Condos can also have unexpected costs but by asking for the notes from prior board meetings. Try to find out about future improvements. That may lead to an increased financial burden for you, ahead of time.

You may also want to find out if the neighborhood itself has any major construction plans.
Some projects will be appealing. While others may not be so appealing. It is nice to know before you buy to avoid unwelcome surprises.

If you are a first time home buyer or need to sell your existing home to afford a new one, Bates Real Estate Group can help.

 

Each week we research and write enchanting articles on real estate trends for you. I hope you enjoyed this weeks subject. Share with friends and family.

Any questions? Would you like to chat? Call us at 415 378-6614 or send a note to breginc@batesrealestategroup.com.

We look forward to hearing from you!

 

 

5 Reasons to Stage Your Home

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You know those beautiful rooms you see on HGTV shows and in Crate & Barrel catalogs? Who wouldn’t want to live there? Home staging – the process of preparing a home for the real estate market by enhancing its appeal – can make your home look just like that.

Staging may involve many techniques, from moving or removing furniture and other items in a home.
Or replacing furniture with selected pieces that make the space more inviting and attractive. And you can stage your home whether it’s vacant or occupied.

Home staging is one of the best strategies for getting your home sold. Whether you decide to stage your home on your own or with the help of a professional, the benefits speak for themselves.

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Here are five reasons why you should consider staging your home before putting it on the market.

1. Staged homes sell faster than non-staged homes. A 2011 Home Gain survey found that staged homes spend 83 percent less time on the market than un-staged homes.
It’s true that the longer the house sits on the market, the harder it can be to sell. Getting your house sold as soon as possible and at the right price. Allowing you and your family to move on with the next phase of your life.

2. Get a better price for your home. According to the 2015 NAR Profile of Home Staging, staged homes sell for up to 15% more money than non-staged homes. That can be a big difference no matter what your price.

3. Home staging will pay for itself. While homeowners will need to invest money in home staging in the beginning, it’s well worth the cost.
A 2012 Home Gain survey of showed that do-it-yourself staging resulted in a return on investment of up to 196 percent. Working with a professional could net even more. For many of those homeowners, the house might not have sold without the staging.

4. Highlight your home’s best features. The real estate market is competitive with potential buyers looking for their dream homes. Staging brings your home closer to that ideal by highlighting the features that everyone is seeking. A quality staging job can turn an ordinary home into a must-have home.

5. Appeal to the greatest number of buyers. Staging a home makes it easier for potential buyers to envision themselves living in it. People start to imagine the kind of lifestyle they could have if they lived in this fabulous place. The look that staging creates can help prospective buyers connect with the home at an emotional level.

Adorning your home with well-designed, high-quality furniture and accessories in attractive colors can make a big difference in how soon you’re able to sell your home. home staging
Home staging has become a full-fledged business that generates creative ways to make homes sell sooner.
Recently professional home stagers have refined their staging strategies to maximize a homes appeal.

If you decide to stage your home, you may want to stage the entire home. You can also choose to stage only the key rooms that buyers are most interested in; the living room, master bedroom and bathroom. You know your home is a great place to live. Home staging can convince the right buyer of the same.

Any questions? Would you like to chat? Call us at 415 378-6614 or send us a note.

We look forward to hearing from you!

Home Staging Help Sell Your Home?

 

Once you’ve decided to sell your home, you need to make sure that it looks its best. Nobody wants to buy a home that looks lived in, but rather a home that looks livable for their lifestyle. This is where a home staging company comes in. Given the competitive nature of the San Francisco real estate market, good home staging can give your home an edge and add value.

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What is home staging?

After placing your home on the market, it’s exposure will attract buyers. The more attractive your home, the more buyers it will attract. This is where home staging comes into play.

Home staging is the equal of commercial stores that showcase merchandise in such a way that consumers want to buy them.
The more attractive the package, the more it makes you want to buy it, and homes are no different.

Before your home entered on the MLS, your Realtor will likely recommend some changes to make and recommend a local home stager.
These things can be as simple as a fresh coat of paint or more drastic, as completely transforming your home decor.
If you have owned your home for a while, your floral wallpaper may be out of date. And your furniture showing severe signs of wear and tear.
Home staging allows a professional with a great eye for style to come in and transform your home into a marketable entity.

Home staging can take on a lot of forms, from simple furniture rearranging to removing pieces and replacing with new.
Home staging creates a feeling of livability for new buyers. So that they can envision themselves living in their space rather feeling they are living in your space.

What can you expect from home staging?
A good home staging company will come up with completely unique layouts that suit your style of home. Be it modern, contemporary, traditional or an eclectic mix.

When design schemes are not repeated, each home is special rather than feeling like a cookie cutter home.

Depending on your individual needs, a home staging professional may recommend some cosmetic changes. Such as swapping out carpet for bamboo flooring or painting a home in a neutral palette.

Other changes a home stager might recommend:
1. Removing family portraits from the walls.
2. Removing any personal items and placing in storage.

Each home staging is different and may cost as little as $10,000 or as much as $150,000, according to the size and scope of the project.

How can a San Francisco realtor help?

Home staging professionals come from many different backgrounds. And may have different services that they provide, making it hard to choose the right one.

Your San Francisco realtor can help you find the home stager that will best suit your needs. That will work within your budget to make your home sell fast, whether it’s a modern loft, condo or historic home.

Each week we research and write enchanting articles on real estate trends for you. I hope you enjoyed this weeks subject. Share it with friends and family.

Any questions? Would you like to chat? Call me at (415) 378-6614. Or send a note to breginc@batesrealestategroup.com. We’d love to hear from you.

First Time Home Buyer Contract

If you are a first time buyer looking at homes in the San Francisco Bay Area, things can seem pretty confusing. It is important to understand what happens if you are a first time buyer or seller and you decide to cancel the first time home buyer contract.

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Mark Moz Photo

Speak with your local Realtor to understand the repercussions of the cancellation of the first time home buyer contract. There are various reasons that a home sale might not close including:

• Sudden anxiety about finances
• Rejected mortgage papers
• Finding another option
• Sudden lifestyle change
• Natural disasters

If you are a buyer:
If you are buying a home and for whatever reason decide not to go through with the buy, try to do so before you put it in writing. Before you sign the residential buy agreement, you are in the negotiating stages. There is no need to make a earnest money deposit at this point, so you won’t be losing any money.

If you have already signed the residential buy agreement, the process is more complicated. Common contingencies include:

• Mortgage loan contingency
• Home inspection contingency
• Sale contingency
• Appraisal contingency

If you decide to withdraw your offer after the contingency period has passed, you will be default. And will lose your earnest money deposit.

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If you are a seller:
If you are a seller, you have a lot less wiggle room. Putting your house up for sale and signing a contract is a clear legal sign that you want to sell. If you change your mind then you should know that you have to provide a reason. And because there are other players involved. You may have not only to return the earnest deposit money, but also pay for other costs the buyer will now incur. In some cases, you may also have to pay costs that your Realtor may have incurred. In most cases everyone will agree to move on without asking for more fees. as long as they don’t have any more monetary losses other than the earnest money deposit.
Its important to read and understand the residential listing agreement before you sign it. Make sure you understand any costs that you will be responsible for if you later decide not to sell your home.
To know exactly what happens, contact your realtor in touch with homes, condos, lofts in San Francisco.

Any questions? Would you like to chat? Call us at 415 378-6614 or send us a note.

We look forward to hearing from you!

Potrero Hill Real Estate

 

 

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Back in the day young families looking to settle down had to leave the overpriced city. But recently gentrified Potrero Hill has changed that. San Francisco’s Potrero Hill real estate features lofts and condos for city life. Potrero Hill has the unique convenience of the suburbs. This includes offering major grocery chains, many parks and in some cases, easy parking.

Potrero Hill condo and lofts offers panoramic views of San Francisco.

 

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Location
The location of Potrero Hill is south of SOMA and Mission Bay. Potrero Hill boasts some of San Francisco’s sunniest weather. Potrero Hill is a known quiet niche on the east side of the city. Potrero Hill offers city style condos and lofts. The neighborhood also has an array of diverse architecture and Victorian style homes. Movie fans may recognize the views of the city at the top of the hill. This famous crest is the filming location for many of 40 Days and 40 Nights’ best cityscapes. Potrero Hill boasts a picturesque location away from the madness of the city. It remains accessible to major metropolitan areas via public transportation and the surrounding freeways.

 

Living
Potrero Hill offers both convenience and city style.
Major grocery chains, Safeway and Whole Foods make grocery shopping painless. The area features many dining options. Former warehouses and industrial spaces have transformed into stunning lofts and condos. The blend of city homes and convenient shopping is ideal for many families.

Some lofts keep remnants of their industrial past. There are vast open spaces for live/work arrangements. Some lofts have exposed elements and supersized windows for stunning views. Other lofts have morphed into more traditional living spaces. These have defined rooms and designer finishes. Potrero Hill was one of the earliest adopters of loft living. Thus, Potrero Hill features many different styles of lofts.

 

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The Dogpatch part of the neighborhood is the location for many of Potrero Hill’s condos. The Dogpatch is one of the former industrial districts of the city. Currently it is undergoing a dramatic transformation. Families, including O.J. Simpson’s childhood home, lived on the hill in Potrero Hill. Back then the surrounding areas were industrial. Now the boundaries between commercial and residential have begun to blur. This presents first time homeowners with more opportunities to find a property.

Neighborhood Attractions
City dwellers covet property in Potrero Hill for easy livability. Shopping is on 18th Street, between Connecticut and Texas streets. Elsewhere in Potrero Hill, you can also find great home décor stores to fill your new home. Favorite and unique cafes include Turkish Pera and Goat Hill Pizza. Local coffee shops and fitness studios are also in the area.
Anchor is one of California’s oldest and best known breweries. The establishment has been brewing in the neighborhood since 1896. The brewery offers tours and tastes for both locals and visitors.

The Potrero Hill area is friendly and collaborative. Gardens are in every yard and community parks and recreation centers abound. You will also find the SomArts Cultural Center in Potrero Hill. For families and kids, Potrero also features several playgrounds and parks.

Lombard Street usually draws the attention for being the Crookedness Street in San Francisco. Yet, Potrero Hill is the location of the actual croakiest street. It is Vermont Street, just south of McKinley Park.

Any questions? Would you like to chat? Call us at 415 378-6614 or send us a note.

We look forward to hearing from you!

 

 

 

 

 

 

SOMA Neighborhood San Francisco

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The South of Market (SOMA)

The South of Market (SOMA) neighborhood in San Francisco has become one of the cities most sought after addresses. The area is filled with professionals living an elite urban lifestyle in the city’s signature lofts and condos.

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SOMA neighborhood San Francisco has a rich history. Originally an industrial center.  Also had some years as an epicenter for nightclubs. A few industrial spaces still exist but now the area is much more livable. Complete with lofts, restaurants and convenient shopping. Lest you fear getting tired of city dwelling, a green park is a welcome respite for a picnic or just to walk your dog.

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Convenient to the Financial District, and steps away from Caltrans. Many lofts offer live/work options for the increasing number of freelancers. Although many apartments have pet restrictions, many of the SOMA lofts are pet friendly. Unlike other loft locations built out of commercial buildings in industrial neighborhoods. SOMA offers the opportunity to be close to necessities such as shops and public transportation. And has a high walk score, thanks to the nearby restaurants and museums.

Work at Home

Loft living offers a feeling of spaciousness in what can seem like a crowded city. When it comes to urban living, lofts have become a go-to for their architectural features, like exposed brick, wood and duct-work. The lack of interior walls presents a feeling of openness that you can’t find in a traditional home. Many lofts have high ceilings and floor to ceiling windows that provide plenty of natural light as well as city and bay views. Lofts are residential versions of former commercial spaces and may be undergoing construction, so be sure to ask your SOMA real estate expert about any future building plans.

Like condos, some loft communities have Homeowner’s Associations. Ask about fees and rules and regulations about what you can and can’t do to personalize your loft. The open space afforded by SOMA lofts offers the ability to create your own space and your own unique floor plan. In keeping with SOMA’s cultural affiliations and proximity to museums and theaters, many SOMA lofts offer wall space to display your own art collection.

Museums and Nightlife

A prime feature of SOMA is its closeness to some of the city’s best museums. Including the Museum of Modern Art and the Yerba Buena Gardens. Other cultural centers include the Contemporary Jewish Museum, the Museum of the African Diaspora and the California Historical Society. The area has become so desirable that even some city offices have moved into the area. There are many private hotels for guests and a diverse restaurant and nightlife scene. SOMA is a blend between the city’s traditional financial district, the area’s diverse past and the presence of cultural centers and identities.

Each loft building in SOMA has its own unique feel. Whether you are seeking something industrial to live/work, want the creative freedom to make your own floor-plan. Or desire a full-service building, your SOMA realtor can find a space that works for your needs.

References:

Friendly Neighborhood Guide

Lofts For Rent

Best Buildings in SOMA

Each week time is spent researching and writing enchanting articles on real estate trends. I hope you enjoyed this weeks article. If you like this share it with your friends. We’re counting on you!

Any questions? Would you like to chat? You can call me at (415) 378-6614. Or send a note to andrew@batesrealestategroup.com.

 

Random Act of Kindness

Make Someone’s Day Today with a Random Act of Kindness

Not only does a single kind action brighten the day of the person who receives it, kindness benefits the giver as well. Studies show that humans are naturally inclined to be generous and compassionate toward one another.

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The Life-Changing Benefits of Altruism

Altruism may improve your mental and physical health, boost your self-esteem, create meaning and purpose in your life and foster a connection to your community.

  • Doing good will make you feel good. When you do something nice for someone else, your brain releases two powerful mood boosters; dopamine, and endogenous opioids. Experts call this “helpers high”, and it’s also found to reduce stress and lower anxiety and depression.
  • It’ll boost your health. According to an article in Scientific American, helping someone face-to-face triggers your body to release oxytocin, a bonding hormone that’s also responsible for lowering blood pressure and protecting your cardiovascular system. Kindness also activates the vagus nerve, which controls inflammation in the body.
  • You’ll live longer. People who volunteer tend to  live longer than those who don’t.

“You can’t live a perfect day without doing something for someone who will never be able to repay you.” John Wooden.

10 Free Random Acts of Kindness

It only takes a second to be kind and courteous to someone. Try some of these suggestions today.

  1. Hug your loved ones, and always take the opportunity to tell them you love them.
  2. Hold the door open for the person behind you.
  3. Offer your seat to someone on the bus or train.
  4. Write a note of praise to the manager of someone who has helped you (e.g., your waiter/waitress, a helpful flight attendant, the customer service representative who solved your problem.
  5. Write something funny, kind or inspiring on a sticky note, and leave it somewhere unexpected, such as the inside of a library book or on the mirror of a public restroom.
  6. Rake or mow your neighbor’s lawn.
  7. Clear the snow off the car next to yours in the parking lot.
  8. Pay the bridge toll for the car behind you.
  9. Visit the local senior center or nursing home.
  10. Smile at strangers, and say “hello”.

“Remember there’s no such thing as a small act of kindness. Every act creates a ripple with no logical end.” Scott Adams

The Best Home Scheduling Apps

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Whether you’re tracking your own busy schedule or trying to maintain the schedule of the whole family, the best home scheduling apps will help you keep track of every activity, meeting and lunch date on your tablet or smartphone.


  Freebie Calendar Apps

If your family is always on-the-go: Cozi (for Android and IPhone) is an award-winning app designed to easily manage the scheduling needs of the entire family. Access your information through your computer, tablet or smartphone and sync your appointments with Microsoft Outlook and other internet calendars.

  • Access a centralized calendar
  • Receive appointment reminders via text or email
  • Manage your shopping and to-do lists
  • Maintain a family journal

If you like the simple life: aCalendar by Tapir Apps UG (for Android) is another free app full of great features that make it easy to manage your schedule. And features intuitive navigation that allows you to change views with vertical and horizontal swipes across the screen. What’s more it offers several key features for optimal organization. You can:

  • Color-code your events and appointments
  • Create a QR barcode, and share events with friends
  • Share text and files
  • Incorporate birthdays and anniversaries (and photos) from your address book

Or if you like paper calendars: Jorte by Jorte, Inc. (for Android) offers the same look and functionality of a paper personal organizer. But it is lighter, less bulky and easier to navigate with the tap of a finger. Jorte syncs with Google Calendar. Not only that, it will

  • Customize your calendar by choosing the first day of your week, color-coding your appointment and tasks and changing the display colors
  • Control the app using Google Voice
  • Adjust the calendar screen for a wider view by turning the device on its side

Premium Calendar Apps That Do It All

Fantastical by Flexbits Inc. ($4.99; for iPhone, iPad touch and iPad) is a fast, easy-to-use calendar app that shows you all of your color-coded appointments for the day, week and month. Now comes the best part.

  • Add  events quickly by simply speaking the details of the event in English, French, German, Italian or Spanish.
  • Additionally, you can see and edit your calendar without even opening the app.

CalenGoo by Dominque Andre Gunia ($5.99) for Android; $6.99 for iPhone, iPod touch and iPad) syncs with Android Calendar and Google Calendar. And your iOS calendars for those using Apple products. CalenGoo focuses on flexibility:

  • Easily drag and drop a scheduled event to a different time
  • Zoom and pan through each month to get an overview of what’s schedules
  • Attach photos and PDF files to events.

Organizer by Aesthology Inc. ($7.99; for iPhone and iPad) allows you to enter text, events or diagrams; insert maps and voice memos; enter handwritten notes and drawings, and manage your to-do-list. Organizer syncs with your iCloud Calendar, Google Calendar and others. Additionally the app offers many of the standard features of other calendar apps, such as scheduling recurring events, syncing data, setting reminders and importing and editing events.

Optimize Your Family Calendar

  • Include standing appointments such as work, school, meals, etc.
  • Note any family vacations, sports tournaments and games or weekly or monthly commitments.
  • Have a family meeting to discuss important upcoming events and settle any conflicts.
  • Check the calendar before agreeing to do something in order to prevent conflicts later.

 

Time is spent each week researching and writing enchanting articles on real estate trends for you. I hope you enjoyed this weeks article. Share it with friends and family. We’re counting on you.

Any questions? Would you like to chat? Call me at 415 378-6614 or send a note to andrew@batesrealestategroup.com. We look forward to hearing from you.