Arquitectonica’s One Mission Bay tops out in San Francisco!

Very exciting news for a city in extreme need for more housing units. The One Mission project is a great one and should prove a favorite for those taking a chance on a virtually brand new neighborhood in our great city. Just a few years ago, Mission Bay was empty lots and open land. What a difference 5 years can make.

One Mission Bay

Welcome One Mission Bay to our list of outstanding new residential buildings brought to market in recent years!

One Mission Bay 4

A beautiful entrance welcoming home owners and guests into the tastefully appointed One Mission Bay residences.

One Mission Bay 3

What a great place to call home. Imagine yourself taking advantage of the comforts afforded to you as a home owner in one of the city’s new condo buildings.

One Mission Bay 2

A tranquil setting along Mission Creek where homeowners who have North-facing views can take in the sites of the city just a stone’s throw away. Those folks will also be able to see views of our baseball stadium, AT&T Park.

Contact Gabriel for a consultation to buy or sell a home in San Francisco or Oakland.

Contact:

gabriel@gpk-sf.com

415-562-6999

@TheDapperAgent

Gabriel’s Profile Page

What Boomers Want

Roughly a third of our population is 50 years or older. This significant portion of our country is extremely important to our nation not only as leaders but trend setters in how we see and participate in real estate. With 59% of these folks planning on staying in their current homes and not selling, what does this mean for our inventory trends and need for new construction? Time will tell.

Please take a look at these interesting statistics on how the Boomers are leveraged in their investments, their trends when it comes to retirement plans and housing, and the idea of downsizing as they grow older.

What Boomers Want

Contact Gabriel for a consultation to buy or sell a home in San Francisco or Oakland. He can be reached at luxerealtySF@gmail.com or 917-674-6556.

www.AtHomeSF.com

@TheDapperAgent

Can Millennials Find the American Dream?

With a shrinking middle class and with median incomes decreasing, is it still possible for Millennials to find their way to the American Dream. Well, obviously, it comes down to what your definition of American Dream is but, if it’s the traditional kind of working for yourself and having the ability and means to buy a home for yourself, let’s look at some facts.

The item to note, in my opinion, is the lack of jobs for such a large group of Americans. You may have a great education but may be having a difficult time finding a job. I don’t think there is any doubt as to why so many young folks want to live in urban areas. It’s lots of fun and there are JOBS!

Once you’re fortunate to find a job, paying down those student loans is, or should be, your main priority. I was lucky enough to have a smaller student loan balance after school after going to state universities in New York during a time when school wasn’t nearly as expensive as it is today. That said, paying off those loans was my main priority and, once I did, it opened up other opportunities.

If you’re interested in starting a family, well, just take a look at the statistic above. As you can see, this study estimates that it will cost around $250K to raise one child from birth to 18 years. To me, that seems a bit low but it all comes down to where you live I suppose. Just a word of advice from this old man: Don’t rush on this step. There’s plenty of time to raise a child or two after 30 years old. In fact, if you and your partner can, perhaps waiting longer to do this would be advantageous as you build your reserves, etc.

Millennials are a very important segment of our population and needed to be treated so. They are the leaders and future leaders of this country and they need our support. I hope they find a more fruitful life than we have left them so far. With their intelligence and forward thinking spirit, I’m sure they’ll find a way to great prosperity in no time.

Contact Gabriel for a consultation to buy or sell a home in San Francisco or Oakland. He can be reached at gabriel@climbsf.com or 415-562-6999.

www.AtHomeSF.com

@TheDapperAgent

Hiring the “Right” Contractor is a Big Deal

We’ve heard a million horror stories of people who’ve hired and used the wrong contractor over the years. The time frame went weeks or even months longer than agreed upon. Budgets were doubled or tripled after all was said and done.

Don’t get the wrong idea though. Not all contractors are bad or untrustworthy. In fact, the contractors on my “team” are outstanding professionals and truly good people. Those are the people you want to work with and those are the kinds of people you will find who include the items mentioned in this very important “check list” of items you should be referring to when selecting the right contractor for your needs.

Read these points very carefully. They are all so important starting with multiple assessments and bids on price and timeline. Terms can be drastically different between contractors so get at least two if not three or more. You do this with doctors and other professionals so why would you skip this step when it comes to your home or your investment property?

I would like to suggest one more item to add to this list: Renderings! In my opinion, a good/great contractor with be able to recommend the right materials based on your needs and also provide you with a full rendering presentation of what the project will look like when it’s complete. Do not move forward until you’ve seen these and approved them! Taking a contractors word for it that ‘It’s going to look great!’ is not good enough.

My clients come to me asking for referrals and I’m happy to suggest various resources for their needs. Trust your Realtor to also do the same. Part of being a successful Realtor is having a “team” of various professionals that we’ve built trusting relationships with. Your Realtor can do a lot more for you than just fill out forms to buy or sell a property.

Contact Gabriel to buy or sell your home in San Francisco or Oakland.

gabriel@climbsf.com | 415-562-6999

www.AtHomeSF.com

@TheDapperAgent

Financing for Energy-Efficient Retrofits

There is no doubt that I’m a huge advocate for mechanics and systems that help to better the function and efficiency of a building of any type. Whether it’s a personal home or an office/commercial building, we simply have to find ways to limit the amount of waste we create and use modern energy systems to not just cut costs but potentially get off grid. In some cases, people have been known to create so much energy onsite that they can sell it back to the local utility company. Wouldn’t that be a nice change?!

I came across an article that discusses the growing industry for funding such projects and wanted to share it with all of you who may have an interest in it. This really should include all of us, especially a person like myself who is an investment property owner/buyer who is constantly looking for ways to cut down costs and create a great environment for renters who ultimately call your property home. So much of our personal happiness comes from our environment. Wouldn’t it make obvious sense for us to find the most comfortable and peaceful place we could find to call home?

Here’s a link to:

Increasing Access to Financing for Energy-Efficient Retrofits

Written by Mike Sheridan

Please also take a look at the photo that I used for this post that points out some of the latest energy-efficient tools used in today’s homes.

One piece of equipment that I personally think is extremely valuable is the “tankless” water heater. They are extremely efficient and take a fraction of the space that a traditional tank would. Also, if you’ve never experienced radiant heating before, it will change your life!

Get out there and get to know the future of building the way it should be done now and in the future!

Contact Gabriel to buy or sell your home in San Francisco or Oakland.

gabriel@climbsf.com | 415-562-6999

www.AtHomeSF.com

@TheDapperAgent

More Subways in San Francisco? I hope so.

Reading a recent article from Cory Weinberg, reporter at the SF Business Times, I was struck by the importance of a more modernized and updated transportation system in the city of San Francisco, especially pertaining to subways.

Read the Full Article Here

Screen Shot 2015-09-17 at 1.59.09 PM

As a former New Yorker, I couldn’t imagine life without a subway system. Then, I move to San Francisco and quickly found out what life was like without one. It is my opinion, but I feel as though this city could greatly benefit from a fully integrated subway system.

Obviously, there are reasons why it has been difficult to do this in the past, namely, the difficulty in structural integrity that makes digging and creating things underground. I get that. But, the subway that is currently being dug that ends in Chinatown makes no sense to me. In my opinion (I have a few of these), not connecting the new subway to the F line in the Wharf makes absolutely no sense whatsoever. If we connected them we could have one large loop that could potentially bring many more people to the tourist areas as well as reduce traffic congestion. Heck, I’d likely use it too and I usually walk downtown from my home in North Beach.

I have no experience in city planning and do not pretend to. What I do know is that if we don’t take the steps to modernize this city and bring it up to date we run the risk of losing a lot of profit to help its citizens and also stay lagging in making getting around our city that much tougher as population grows. We must resist the urge to stay the “old San Francisco” and do what helps our progress in 2015 and beyond. We aren’t going to lose our “charm” by building a better way of life for our residents and visitors.

Again, this is just my opinion…

I support the efforts of those trying to make this city a better place. Please read the article to hear the full story.

Contact Gabriel to buy or sell your home in San Francisco.

gabriel@climbsf.com | 415-562-6999

www.AtHomeSF.com

@TheDapperAgent

The “Boom” is coming! Are you ready?

As we reach the final stretch to this event, a quick reminder of who is speaking and why it is so important for anyone involved in the real estate business in or around the Bay Area to be there. We look forward to seeing you on Friday for this incredible panel discussion and a fun and celebratory reception at the SF Jazz Center!

The “Building Boom” series came about 2 years ago when the SFAR’s Member Education committee concluded that it was imperative that the real estate community in San Francisco and the Bay Area stayed current on what was being built, where it was being built, who the players where and how it effected us as real estate professionals as well as our clients. We asked other key organizations in our community like The Women’s Council of RealtorsCREAAAREAA, and YPN for help in creating the areas’ best event for our members and the Building Boom was born.

This session will mark our 3rd semi-annual event and it’s the greatest one yet. We have some of the areas greatest experts in real estate sales, development, city planning, economics, and the real estate press. And, for the first time, we are offering seats to those who are non-members of SFAR (San Francisco Association of Realtors) and our affiliate associations.

The event will be followed by a reception to celebrate with friends, make new connections, and discuss your ideas and thoughts about real estate in our great city.

We are looking forward to seeing you at this incredible event! Mark your calendar and Register Here to book tickets today.

Contact Gabriel Rojas about buying or selling your Bay Area property at gabriel@climbsf.com or by phone at 415-562-6999.

www.AtHomeSF.com | @TheDapperAgent

#DapperAgent

Hey, Homebuyers! Do you know your credit score?

 It’s that time of the year again. Yup, even in places like San Francisco, we can experience a peak in home sales during the Summer. If you’re one of those homebuyers looking right now, knowing your credit score not only builds confidence but also makes applying for your home loan that much easier. Once that pre-approval letter is in-hand there’s no stopping us!

Let’s take a close look at the chart below. Is it possible that 54% out of the prospective home buyers in this study really don’t know their credit score?!?! Seriously? You really shouldn’t be considering a home purchase without this information. With more difficult standards in the loan qualification process these days, this is really one of the very first things you’ll need to find out.

Finding out is pretty simply these days. There are services like CreditKarma.com and FreeCreditReport.com (a paid service). I find that FreeCreditReport.com is more accurate than others but that is just MY experience. I’ve found that Credit Karma leans to the high side pretty significantly. I’ve also found that when using the credit scoring systems on my credit card account that include them.

Look at the numbers on the bottom of this graph. Only 28% of people polled say that they’re keeping their credit card balances low. Please keep in mind that about 35% of your credit score is effected by this factor. I’ve heard that keeping it under 30% of the max limit is the criteria. I do half of that and keep mine under 15% almost all the time. I also pay off all debt in full each month.

One factor that I do like to see when getting close to applying for a home loan is the low number of people applying for or opening a new credit card. This also goes for things like auto loans and retail store cards. I would always advise a client to avoid doing this until close of escrow. Any changes like this during the loan process and before you close can be a sure way to lose the home of your dreams. Do not do this while you’re applying or already in the loan process, please!

A couple months ago, I blogged about 6 Myths of Credit Scores. Take a look at the following link to read that article too. It’s quite helpful.

Credit Card Myths

Contact Gabriel about buying or selling your Bay Area property at gabriel@climbsf.com or by phone at 415-562-6999.

www.AtHomeSF.com | @TheDapperAgent

#DapperAgent

Tech Savvy Home Buyers

The world is now full of Tech-Savvy buyers.

Check out these statistics on how buyers are using technology. 89% of home buyers are currently using online resources during the home buying process and 71% are using online resources to submit documents to their lenders!

Tech-Smart Buyers

How do young people perceive home ownership?

Young Renters’ Optimism to Buy.

Take a look at these stats and see the views that young people have about buying and why. It’s good to see that people are still investing in their future using real estate as a vehicle.

Young Optimism

Attitudes About Home Prices Now and In The Future

Sellers are, indeed, feeling good about home prices and their rising values. Take a look at this graph to see how people are feeling about the future of home values.

Home Prices - May 2014

It’s truly amazing to see the shift in the market and in the attitudes of the citizens of this country over the last two plus years. In San Francisco and the Bay Area things are red hot with no signs of slowing down. I hope that the rest of the country can say the same thing soon.

Overbidding Trends in San Francisco

Some pretty amazing stats regarding properties that are going over list price in our great city. Of course, not all homes are going this far over asking price but there seems to be a trend affecting multi-unit homes to keep an eye on.

Overbidding

See the original article at SF Gate here:

S.F. overbids: Which home sold for more over the asking price?

Why San Francisco is Not New York

I’m from New York and have been in San Francisco now for just shy of 8 years. I love this article. It rings true in so many ways. Truth is, I don’t want San Francisco to be New York and, quite frankly, I don’t think it ever will be. Thank goodness…
Nick Bilton/The New York Times

Nick Bilton/The New York Times

The link to the original article: http://bits.blogs.nytimes.com/2014/03/20/why-san-francisco-isnt-the-new-new-york/?module=BlogPost-Title&version=Blog%20Main&contentCollection=Uncategorized&action=Click&pgtype=Blogs&region=Body