What is Staging?

November 24, 2008 · Francis G. Bautista · 7 Comments

Staging is when a home is furnished and decorated before it is put on the market for sale. A staged home that is well done will highlight each room, but not crowd it. The following are several questions that I will attempt to address, like: How much does it cost? How long will it be furnished for? Who pays for it? Will it yield the seller more money at the end of the sale?

Staging a home can cost any where from several hundred dollars to thousands depending on size of home, services provided and the specifics of each contract. The details of the services you expect from your stager must be outlined in the contract before you sign the dotted line. Staging companies will normally have a minimum time period (days/weeks) that a potential client should fully understand. The cost really depends on exactly how many rooms they (stager) are furnishing and for how long. The contract should stipulate several important items like exactly what time and date the furniture will be installed and removed, what would it cost if you wanted to extend or adjust the time period of your contract?, and who is responsible for the furniture while it sits in your home? It is also important to ask, when does the staging company expect to get paid? Read more

Has Daly City Seen the Bottom?

November 16, 2008 · Burt Tsuei · 7 Comments

No other city in San Mateo County has seen a greater depreciation in home value in the last year than Daly City. Back in September 2007, the average sales price of Daly City was $730,000, as compared to $565,000 in September 2008. This is a depreciation of almost 23%. The most common question is whether or not this is the bottom of the market. In this blog, I will share with you my expert opinion, as to why the bottom has come to Daly City, and this might be your last chance to get a great value. Read more

Halloween Foreclosed House

November 13, 2008 · Shokoofeh Nowbakht · 2 Comments

I know Halloween is over, but I just remembered to share the photo of an interesting and very creative costume with you. As you know our San Bruno Prudential participated in giving candies out to children at Serramonte and Tanforan Malls as before on Halloween. It was a lot of fun. I saw the “Foreclosed House For Sale” walking and just had to ask him for a picture. The turbulence in housing market has affected many aspects of our lives, including our holidays. I wonder what kind of real estate Christmas ornaments we will see this year.

Ratified or Terrified?

October 25, 2008 · Shokoofeh Nowbakht · 1 Comment

My first time home buyers became terrified when their offer ratified! They had submitted few offers on other properties and were overbid every time. Is it the market we’re in today? Is it not expected for the first offer to get accepted?
What has been your experience?

Remodel or Remodeled?

October 22, 2008 · Shokoofeh Nowbakht · 3 Comments

Would you buy cheaper and remodel or buy remodeled? Does it make sense for the first time home buyers to try to save money by buying a property that needs some TLC and remodel it themselves? How much TLC is reasonable? Just some thoughts and concerns! Do you have to be a good handyman to buy a fixer upper? Why do we realtors use “Contractors’ Special” comment on MLS? Should a non-contractor buy a fixer upper? Ok, what are your thoughts?

Market Analysis – Taking stock of what’s right with the United States

October 15, 2008 · Francis G. Bautista · 2 Comments

“Taking stock of what’s right with the United States” is an article that Dean Rizzi forwarded to us all. It is a fascinating article in that it outlines and takes note of 10 positive and great things about our country. With the current wall street market in a tizzy and the election mud slinging dominating the air waves not to mention the economic and housing crisis, it is easy to lose sight and forget that we live in a great country. Because this is an election year….a brighter and more positive direction for our country would be nice as well. Read more

Is the Bottom In Sight?

September 18, 2008 · Lee Ginsburg · Comment here

The window is open but could be closing soon. The window I am speaking about is “The Window of Opportunity”. In the Bay Area we might be seeing the light at the end of the tunnel. The bottom might be in sight. Why am I saying this? It is economics 101; Supply and Demand. On the Supply side in the Bay Area we are seeing the Supply stabilize or even decrease in certain areas. Read more

Current Real Estate Trends Affecting Brokers and Agents

September 8, 2008 · Mark Hasha · 1 Comment

I saw this really interesting list of current real estate trends on Wikipedia. The list is of the top 10 trends that are affecting the way real estate agents are doing business. I wanted to share it with you and over the next couple of weeks add my thoughts and comments on each trend.

The only annual report detailing real estate trends impacting the residential real estate brokerage business lists the following 10 trends as having the largest impact on residential real estate brokers and agents over the next 12 – 18 months.

Trend #1 – Growth of Social Media and Virtual Communities

Trend #2 – The Sub Prime Lending Collapse Driving Rise in Foreclosures

Trend #3 – The Importance of Information in Real Estate Business Read more