July 5, 2018

Priced Out of the Market? 2 Solutions for Investors

In the increasingly pricey Bay Area, what options do those looking to invest in real estate have?

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Here in the Bay, prices are skyrocketing. Sellers are seeing multiple offers way over list price, and some potential investors feel as though they are being priced out of the market. Given that, what is the best way to invest in real estate? What options do people have? I would like to share two ideas with you today.

  1. The best investment property for you could be the house you are living in. If you bought the house a few years ago when interest rates were lower, you might have accrued some savings by now that would allow you to buy another house and keep the one you are living in. 
  2.  
  3. Purchase out of state. We have a large network of agents all over the country and the world who could help you find an area to purchase an investment property. Additionally, we can help you find a property manager to handle the work. However, before you hire a property manager, you want to assess whether or not it makes sense to in terms of the rents you will receive, what you will pay in property taxes, as well as the various fees you will be charged for the service.

   We have a large network of agents all over the country and the world who could help you find an area to purchase an investment property.  


If you have thought about investing in the Bay Area but have been put off by high prices, or if you have questions in general, feel free to reach out to me. I can connect you with agents from all over to talk to them about investing in their areas.

 

June 25, 2018

Discover South County Episode 12: Hi5 Produce

I’m visiting Hi5 Produce in Morgan Hill for our latest episode of “Discover South County.”

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In our latest episode of “Discover South County,” I’m visiting Hi5 Produce, a health and wellness company that delivers fresh produce to homes and businesses all over the Bay Area. 

They started 20 years ago when owner and founder Dan Locsin had the idea to make his community healthier, so he started packing boxes of fruit and vegetables into his own car and delivering them to local homes himself. 

They expanded into the corporate field when, one day at a Taste of Morgan Hill festival, a company approached them and asked them if they could deliver produce to their break room. At that time, they were servicing about 150 local residential customers, but once they started making deliveries to that company, Chris Locsin, Hi5’s corporate services manager, expanded their clientele. 

They still deliver fresh, organic fruit and veggie boxes to many residential addresses all over South County, though. They start their deliveries at 2 a.m. every morning and finish their rounds at 7 a.m. or 8 a.m. at the latest, so their deliveries are at people’s doorsteps before they wake up. In addition to fresh fruit and veggies, they’re adding dried fruit, nuts, and healthy snacks as part of their delivery options. 

 

All these years later, they’re still going strong making healthy food deliveries.

Replacing treats and candy with fresh fruit and vegetables in corporate break rooms is a philosophy Hi5 pioneered. 

“Our competition at the time was donuts and bagels in the break room,” Dan says. “We came up with the idea of ‘Hey, why not trying something healthy for your employees?’”

This philosophy, Dan claims, actually started at a school district in East San Jose. While he was delivering a couple boxes of fruits and vegetables to one of the schools, he saw a huge supply of donuts being delivered into the teacher’s lounge. That experience made him want to bring healthier snack options into more places than just people’s homes. 

“I just always had this idea that—especially in Silicon Valley, where we’re busy, we’re hustling, we’re working, we’re trying to pay our $10,000-a-month rent—we really can’t get healthy food into our kitchens and into our break rooms. That’s what made us passionate about bringing fruit and veggies to your home or to your break rooms.”

All these years later, they’re still going strong making healthy food deliveries. 

To learn more about what products Hi5 Produce offers or to sign up for your own delivery of fresh fruit and vegetables, you can visit their website at www.Hi5produce.com or give their office a call at (408) 778-6476.

As always, if you have any questions for me, don’t hesitate to call or email me anytime. I’d be glad to help you. 

 

May 30, 2018

Why You Shouldn’t Sell Your Home In 24 Hours

Some agents brag about being able to sell a home in just 24 hours, but is that really in a seller’s best interest?

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Don’t sell your home in 24 hours.

I know this advice might seem counterintuitive, especially since we’re in Silicon Valley where homes are selling fast and for way above list price. So let me explain why I say this.

There are some rare cases in which it might be better to sell your home in 24 hours. A lot of times, your first offer can be your best offer; maybe you’re in a hurry to sell because you’re buying another house.

In most cases, however, it’s better to wait. Why? You’ve probably done a lot of things to get your home ready to sell—professional photography, staging, etc. After that, your agent puts the listing in the MLS as active.

The thing to know is that your listing doesn’t immediately go out to all the buyers that are looking for a home like yours. After it goes live on the MLS, it goes to sites like Zillow, Trulia, and other agents’ websites. Many of those will then send emails out to their potential buyers.

  Last year, they did over 175 weddings throughout the South County area.  


The MLS does not send your listing to those sites
—those sites will have to access the MLS and pull the feed. Some of them do it multiple times a day, but some also only do it once at night. If I put your house on the market on a Thursday, there’s a change that some of those websites don’t pull the feed until overnight, so it won’t be until Friday that your home is even on some of the sites. Then come the email blasts out to potential buyers—most of the people you’d want to reach will still be at work or on vacation.

If you accept an offer in 24 hours, a large majority of buyers never even knew your house was on the market. In order to get the highest and best price, you need to wait a little bit longer to allow more potential buyers to see the home. Exposing the most buyers possible to your listing is how we create the frenzy needed to inspire buyers to put out high offers. Once you’ve let enough potential buyers see your listing, schedule a showing or hold an open house to give them time to put that offer together.

Don’t sell yourself short by accepting an offer within the first 24 hours of your listing going live.

If you have any questions or are thinking of selling your, please feel free to reach out to me. We can make you a customized plan for selling your home for the most money possible.

Posted in Selling Your Home
April 10, 2018

“Discover South County”: Frank’s Garden Florist

Today’s business spotlight is on Frank’s Garden Florist. We’ll be talking to Lisa, the fourth owner since the business opened in 1982.

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Welcome back to another edition of “Discover South County.” Today, we’re at Frank’s Garden Florist here in Gilroy, where we’ll meet the new owner, Lisa, who also owns Expressions Floral, which is their Events and Wedding Department.

According to Lisa, Frank’s has been in the community since the 1980s. She is the fourth owner since its inception and is very excited to have the opportunity to revive it and hopefully bring it back to its heyday.

At Frank’s, they’ll do anything from weddings to funerals to everyday retail. If you need something delivered for a birthday, they’re there to help you. 

 

  Last year, they did over 175 weddings throughout the South County area.  

 

Additionally, Expressions Floral is there to serve as well. Last year, they did over 175 weddings throughout the South County area, anywhere from Hollister to Morgan Hill, and sometimes points beyond.

If you need to contact them for questions or services, you can visit their Facebook page or website, www.franksgardenflorist.net. To reach Expressions Floral, visit their website at www.expressionsfloraldesigns.com

For questions about real estate, please feel to reach out to us at Superior Realty Partners. We’d be glad to help.

April 6, 2018

2018 Scholarship Opportunity

Scholarship Application Deadline is April 11, 2018

If you or someone you know is a high school senior in South County, don't miss the opportunity to apply for a scholarship from our South County Realtor Alliance. This year we plan to award at least $20,000 in scholarships to high school seniors from Morgan Hill, San Martin, and Gilroy.

 

2018 Scholarship Application 

 

In 2017 I was excited to hear the son of one of my clients received one of the SCRA scholarships. Will you be next?  

Posted in Community News
April 5, 2018

Discover South County Episode 9: Tint World

 

On this edition of Discover South County I talk to Xan, franchise owner of Tint World, Morgan Hill's premiere automotive styling center. They offer window tinting, car audio, security upgrades, dash cameras, LED upgrades, headlight upgrades, clear bras, ceramic paint sealants, auto detailing, and more.

Tint World is located at 380 Tennant Avenue, Suite #1, Morgan Hill, CA 95037

You can also find them on Facebook and Instagram.

If you own a local business or community organization and want to be featured in the next episode, visit discoversouthcounty.com

If you have any other questions for me, don’t hesitate to reach out. I look forward to hearing from you soon.

April 3, 2018

Why Should Every Home Seller Get a Home Inspection?

 More and more home sellers are getting inspections before they list their homes for sale. Here’s why.

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Today I’m answering this common question from sellers: “Should we get a home inspection before putting our house on the market?” My answer is always yes. Here are a few reasons why:

 

1. You can fix any issues ahead of time. If there’s anything wrong with the home, finding it early on is key. You don’t want to scare any buyers off.

 

2. You can save money. By controlling the inspection ahead of time, you can also schedule the repairs, if needed. This makes them much less expensive than if you were to fix them after the buyer’s inspection.

 

3. You’ll get better offers. Not just in price. You might get offers with a shorter closing period or waived contingencies as well. Buyers are also less likely to ask for repairs when they have the inspections to review upfront.

 

 Controlling the repairs yourself is cheaper than doing it after a buyer has uncovered them.  

 

 The home you’re seeing in the video above had a pre-inspection. It had a leaky faucet, and we wanted to make sure it wasn't a bigger issue. The inspector let us know that all we had to do was spend a few hundred bucks on repairs, instead of having to spend thousands on water damage mitigation.  If we didn’t uncover this upfront, buyers would have been hesitant about making a non-contingent offer or making an offer on the home at all. We ended up getting multiple offers on this home with no contingencies.

 

If you have any questions about this topic or anything else related to real estate, give me a call or send me an email. I would love to hear from you.

Posted in Selling Your Home
April 2, 2018

What Is a Fully Underwritten Pre-Approval?

A fully underwritten pre-approval is a great way to stand out when buying a home. Here’s how our friends at Premier Lending can help.

 

Looking to buy in the Silicon Valley? Get a Full Home Search

Looking to sell in the Silicon Valley? Get a Home Price Evaluation

 

Today I’m joined by special guest, Justin Wall of Premier Lending, to talk about the No. 1 thing that buyers can do in this competitive market to get their offer accepted.

For years, we’ve been telling buyers that the No. 1 thing they can do to strengthen their offers is to get a pre-approval. It lets you know what your payments will be and if you can afford it. 

In this extremely competitive market, buyers are taking things a step further by getting a fully underwritten pre-approval. What does that mean?

 

 A fully underwritten pre-approval allows you to drop your contingencies.  

 

At Premier Lending, instead of just collecting documents and filling out loan applications by themselves, they take it a step further by sending their pre-approvals directly to an underwriter. Then, the person who approves the loan (the underwriter) can sign off on it if the buyer qualifies. In this market, it’s so critical to have an advantage like this in order to win an offer.

A fully underwritten pre-approval also allows you to drop contingencies and compete with cash offers. It’s the best possible position you can be in outside of being a cash buyer. Premier lending is all about helping their clients win offers. They’ve been able to help us out a ton. It’s important that you hire a lender who can do this type of pre-approval because not everybody can.

If you have questions for Justin about getting pre-approved or lending in general, don’t hesitate to give him a call at (408) 887-3513 or send an email to JWall@premierlending.com. 

If you have any real estate-related questions for us, feel free to give us a call or send us an email anytime. We look forward to hearing from you!

Posted in Buying a Home
March 15, 2018

Discover South County Episode 8: Lawson’s Bakery

Lawson’s Bakery has a fantastic breakfast and lunch menu. They’ve also got some of the best baked goods around. 

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Lawson’s Bakery is a family-owned and operated business here in South County that has been around for about three years now. They have a full pastry line with cakes and other pastries, as well as breakfast and lunch service until 2:00 p.m on weekdays.

One dish they are particularly known for are their delicious French-style beignets. These delicious fried clouds of dough are dusted in powdered sugar and served with a caramel sauce. They do a lot of custom cakes for parties, weddings, and more. 

You can find Lawson’s Bakery at 15862 Monterey Road in Morgan, Hill, CA in the shopping center right by Super Taqueria. Here are links to their website, Facebook page, and Instagram account.

 

  If you haven’t been here yet, make your way here soon.   

 

We had the pleasure of heading back into the kitchen to make the Bananas Foster French Toast. The banana bread that the french toast is made with is made from scratch and it was fantastic to get to see the chef in action flambeing those bananas. I also got to try their amazing turkey sandwich (watch 'til the end to see it). 

 If you haven’t been to Lawson’s for breakfast or lunch, make sure you find your way here soon. If you own a local business or community organization and want to be featured in the next episode, visit discoversouthcounty.com

 If you have any other questions for me, don’t hesitate to reach out. I look forward to hearing from you soon.

Feb. 27, 2018

How to Prepare a Home to List in Today’s Market

Today, I’ll be discussing the state of the market, using one of our new properties as an example of how to prepare a home for sale.

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I’m coming to you today from inside one of my newest listings, a townhouse here in Morgan Hill. I want to talk to you first about the market, then give you a little bit more information about this property—specifically, what we’ve done to prepare it for sale.

As you know, interest rates have gone up, so if you’re a buyer looking to purchase a property, you really need to be fully pre-approved with your lender and be ready to go as soon as these properties hit the market. They’re selling fast.

The market stats show that in January of 2018, the number of homes on the market was down over 25% here in Morgan Hill compared to January of last year. That number is actually even larger when we look at all of South County.

The days on market has gone from 51 days in January 2017 all the way down to 26 days in January of this year. We’re seeing far fewer homes on the market, and things are selling quicker, which is continuing this low-inventory market that we’ve been in for a while.

 

 Don’t rush to get your home on the market; you could be throwing away money that you could be putting in your pocket.   

 

However, once we reach April, May, and June, we’ll see more homes come on the market. For sellers, this means there will be more competition around that time. Historically, sellers have wanted to wait until the spring or summer because there will be more buyers, but, because of the low inventory, there are still a lot of buyers out there looking for homes. There’s no reason to wait until spring or summer; if you’re thinking about selling, now is a great time.

This doesn’t mean you should just throw your house on the market to get it sold right away—you could lose money by doing that. This brings me to the property I’m currently in.

The tenants moved out, and we could have put it on the MLS and sold it right away, but that wouldn’t have been the best situation for the seller. We took a little time and came up with a plan to paint it and stage it. Now it shows beautifully and will attract a lot of buyers looking for a townhouse in Morgan Hill. It was an easy process that only took a few extra days to complete.

Refer to 3:00 in the video to see some before and after footage of the property.

Remember: Make a plan. Don’t rush to get your home on the market; you could be throwing away money that you could be putting in your pocket.

If you have any questions or want to talk about your property and put together a customized plan to sell your home, I would love to talk to you more. Feel free to reach out me!

 

Posted in Market Update