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"Part Time Agents Are The Worst" Herman Weighs in on Bankrate

8/27/2013

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Do you agree? I don't know many people who would hire a part time heart surgeon, but hey to each their own. Newsday via Bankrate.com:
"Part-time agents are the worst," says Herman Chan, a real estate broker in San Francisco. "I always know when I'm dealing with a part-time agent because they only return my calls at noon or after 5 p.m. -- meaning their lunch break or after they clock out" from day jobs.

Chan points out that residential real estate in the age of cellphones and social media means constant connectivity is a must.

"If you're offline for a half of a day, your client can miss out of an offer," Chan says. "Part-time agents really do a disservice to their clients because buying and selling really is a 24/7 career."

But Chan concedes even full-time agents struggle to keep up with the pace of the real estate business.

"Part-time or full-time, it's all about being a professional and having great follow-up skills," Chan says.

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$300k for 200 Square Feet...of Storage Space!? Lord Help Us! 

8/26/2013

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You can buy space at this  NYC luxury building for $300k....but you can't live in it! Because it's just a storage space. Day-um, this costs more than most people's house! 
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SHOCKER: Lux Condo Building Plans Separate Entries for Rich & Poor Folk...Um, Kinda Like a Servant's Entrance!? 

8/20/2013

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Huffington Post:
A New York City real estate developer is under fire for a condominium building plan that would see two separate entrances for residents: one for the low-income tenants, and another for the well-to-dos residing in the tower's luxury pads.

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Rent Cindy Crawford's Malibu Pad (She's My Fav 90's Supermodel...So Down To Earth!)

8/19/2013

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Of Course I picked a pic of them at GLAAD awards!
ZillowBlog:
the Malibu home is currently for rent at $19,500 a month for September through May, and $45,000 per month for June through August. According to property records, it looks like Crawford put it up for lease in late July.
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Tech Driving Up Commercial Real Estate In Silicon Valley

8/19/2013

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San Jose Mercury:
A commercial real estate boom is underway in Santa Clara County and south San Mateo County, with developers constructing or renovating roughly 6 million square feet of office space -- double the activity of a year ago
Most of the new space won't be empty long. More than one-third of the office and research space under development already has been gobbled up by tech firms eager to expand

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Sheree's Million Dollar Home Re-Po'd for $340k Soon! This Is Sad

8/18/2013

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First, Sheree was axed from Bravo TV's Real Housewives of Atlanta, and now her mansion is now the chopping block.  Currently, it is a shortsale but it's about to head to foreclosure...for circa $340k. (Ironic, since she dubbed it Sheree's Chateau and alledged it was a multi-million dollar home at one pt). All the sordid deets here. You know, I feel bad for her. I'll buy some charm bracelet from her  jewelry line "She by Sheree."  That will help her out. :-) 
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Joanna Krupa & New Husband Romain Zago Behind on Rent! (Not Best Way To Start Married Life!)

8/18/2013

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Gossip Extra reports:
According to records, Krupa and Zago were a month late on their $15,000-a-month rent for the waterfront, $4 million-house on West San Marino Drive. The landlord, Tara Realty LLC, filed on July 30 and, within days, the rent check materialized.

 Well, the super model and hunky hubby paid up right quick. (Bethenny Frankel DID just say that 75% of the Housewives are in financial trouble!) No worries, I'm sure it'll make a great plot line for these Bravo-lebrities! And can I just say their kids are going to be perfect specimens of beauty?!  
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Did You Know Calling 911 Can Get You Evicted?! 

8/18/2013

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Yes it is true! New York Times reports that domestic abused women who call 911 too many times are considered a public nuisance and can be evicted by their landlords. Can they do that?! 
They could do so under the town’s “nuisance property” ordinance, a law intended to protect neighborhoods from seriously disruptive households. Officials can invoke the measure and pressure landlords to act if the police have been called to a rental home three times within four months.

So she faced a fearful dilemma, Ms. Briggs recalled, when her volatile boyfriend showed up last summer, fresh out of a jail stint for their previous fight, and demanded to move in.

“I had no choice but to let him stay,” said Ms. Briggs, 34, a certified nursing assistant, even though, she said in an interview, she worried about the safety of her 3-year-old daughter as well as her own.
“If I called the police to get him out of my house, I’d get evicted,” she said. “If I physically tried to remove him, somebody would call 911 and I’d be evicted.”


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Sellers Beware of Fake Realtors Who'll Rob You When You Leave The House During The Showing Appointment!!

8/16/2013

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Sellers, ask for a business card and alert your listing agent when (alleged) agents call you to show your property. You never know what kinda of whack-a-doo you're letting into your home! It is important to give buyers their own space and time to bond with the house, but it is also acceptable for you to wait outside in your car or across the street at your neighbor's. 
From Inman: Two women in Houston posing as a real estate agent and a home buyer conned sellers into leaving their homes for showings so the duo could rob their houses, according to police. One of the schemers was being held in police custody Tuesday, and the other was still at large. 

In one incident, the owners of a listed home were notified by their real estate agency that a buyer wanted to see their house right away, police said. The owners left the home immediately without putting their jewelry away, and when they returned, the jewelry was gone. The real estate agency told police that the woman posing as an agent used a real estate license and number. However, she did not have a super key so the home owners had to let her and the buyer inside.

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SF Video Flashback: 'Pushed Out For Profit' 1978 Film Depicts Battle Over Escalating Rents...Times Haven't Changed! 

8/12/2013

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Mission Local recaps the documentary: 
Imagine rents going up three, four, even seven times in a single year! This was the case for many Mission and San Francisco residents in 1978, the year before the Board of Supervisors approved rent control. Documentary film maker Charles Bolton and the production company Optic Nerve, now Ideas In Motion, caught the angst in “Pushed Out For Profit.” The film aired on KQED on Sept. 6, 1978.
Seems San Francisco has always been the battle ground for the have's and have-not's. Rising rent and real estate prices are as contentious now as they were then. Check out the cameo from Harvey Milk! Hop over to Mission Local to see 6 more quick clips.
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Babies Make You Go Broke! San Francisco & San Jose Most Expensive Cities in Nation to be Parent

8/10/2013

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 My prior post was about people sans kids in San Francisco. But what about the people who DO have kids here? Apparently, a new study reveals that San Francisco is the 4th most expensive city to raise kids in. (San Jose is #1). Well no wonder parents are fleeing the city. If you ain't a trust fund baby some IT guy who cashed out from IPO, how can you afford to maintain your standard of living PLUS raise a baby not in poverty in SF?! You can't! So you move to the East Bay, Peninsula or Marin. I hear this all the time from my clients.  That's why I had my tubes tied. LOL! 
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Via Redfin & SFgate.com
According to a new Redfin study, 3 of the 5 most expensive cities for new parents are in the Bay Area. Expenses analyzed include housing, utilities (energy costs), childcare, healthcare, and retail items needed for babies. And by Redfin’s calculations, San Jose is the most expensive in the country, followed by Santa Cruz, CA. San Francisco takes 4th place.
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If You Got No Kids, San Francisco Is The #1 Place For You! 

8/9/2013

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Estately lists the best cities for people without kids...and no surprise, SF is tops! If you walk around the city, you won't see kids older than 6 yrs old. They all moved out. This articles says SF is best place for childless people due to SF having highest numbers of restaurants per capita ($ spent on food, instead of piano lessons). But if you ask me, I think it is because:
1. the schools in SF aren't good. For the high tech/affluent denizens who place a high emphasis on education, of course they are gonna move out to the 'burbs for top API scores! Duh! 
2. High LBGTQ population, who historically have not had as many kids as hetero counterparts.
3. We are ALL SO WORK-driven! Who has time to pro-create!? 
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“San Francisco is the best city for childfree living,” says Karen Foster, author of No Way Baby! Exploring, Understanding and Defending the Decision NOT to Have Children. “As the frontrunner in alternative lifestyles, you have to do a lot more than not have kids to be considered odd in San Francisco. I lived there from age nineteen to thirty-two and was never once asked when I was getting married and/or having babies. It’s a place where the childfree may roam free.”
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Techies Push Silicon Valley Average Home Price Over $1M...Again

8/9/2013

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So that's the reason why my Silicon Valley buyers are facing such an uphill battle! San Jose Mercury News:
In the heart of Silicon Valley, $1 million gets you an "average" home. Boosted by the tech rebound, the average price of a single-family home in Santa Clara County has topped $1 million for four straight months, 

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Mon Dieu! French Old Folks Home for Gays Selling Like Bananas! 

8/3/2013

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Ok, in light of all the bad anti-gay crap from France recently (protests to weird shirtless homophobe videos), finally some good news out of La France.  Apparently , 107 eco-friendly condos called Le Village Canal du Midi are selling like crazy....but AFTER they started marketing to 50+ yr old LGBTQ community! C'est fantastique, n'est-ce pas!?   Queerty has more:
Mark Silver, managing director of Villages Group, said they made the decision to market their planned community to the LGBT community as “an experiment” because “the real estate market in France is so bad right now” and they “didn’t have any takers.” So naturally, they decided to change focus and market to the only people over 50 with a disposable income: the gays, of course!

Since changing their strategy on on Monday, Silver said they’ve received “thousands of emails every hour” and he’s “never seen anything like it” during his 40 years in business.

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20 Most Expensive Markets in USA...10 are in SF Bay Area!  What the Freak?!

8/2/2013

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Source: ANNUAL COLDWELL BANKER REAL ESTATE HOME LISTING REPORT
JustLuxe.com reports:
California dominates the first six slots in the report, with Los Altos ranking as the most expensive housing market in America, carrying an average listing price of $1.7M. Considering Los Altos is less than 20 minutes away from such tech giants like Google and Facebook, the high prices aren't a big shock. Following directly after is Newport Beach ($1.6M), Saratoga ($1.5M), Menlo Park ($1.5M), Palo Alto ($1.4), and Los Gatos ($1.4). 
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