Home Prices: Where Are They Headed Over The Next 5 Years?

Home Prices: Where Are They Headed Over The Next 5 Years?

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number. The results of their latest survey: Home values will appreciate by 3.9% by the end of 2015, 3.4% in 2016 and 3.1% in each of the following four years (as shown below). That means the average annual appreciation will be 3.2% over the next 5 years. The prediction for cumulative appreciation rose from 18.1% to 21.6% by 2020. Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 13.8%. Bottom Line Individual opinions make headlines. We believe the survey is a fairer depiction of future...
New Buyers’ Service

New Buyers’ Service

Leave the driving to us • Avoid parking hassles • See twice as many homes The Smarter Way to See More Homes At no cost to you, one of our professional drivers (not an agent or taxi) drives you to and from open houses in style, saving you time and money.  They’ll pick you up from your home or office. You’ll be driven directly to the door of each open house. And you’ll be driven back to your location. No parking. Minimal walking. No cost. Result? You can see twice as many homes in the same afternoon. FREE Open House Chauffeur Service Exclusive to Urban Focus Clients Visiting open houses in the Bay Area can be frustrating and inefficient…. You search for parking. You walk to an open house. You walk back to your car. You do it again. Meanwhile, you’re losing valuable house-hunting time…. Arrange for our FREE 5-star quality chauffeur service today. Call our office phone 415-813-5083 ext 3 or email us below Your Name (required) Your Email (required) Your Message Please leave this field...

How to Make an Offer on a Property

Making an Offer on a Property Verbal contracts or offers are not legally enforceable when it comes to the sale of real estate. Therefore, you need to enter into a written contract, which starts with your written proposal. This proposal not only specifies price, but all the terms and conditions of the purchase. REALTORS® in California use forms that are approved by the California Department of Real Estate. These are the only forms that real estate agents are allowed to use. We have a variety of standard forms (including Residential Purchase Agreements) that are kept up to date with the changing laws. In addition, REALTORS® cover the questions that need to be answered during the process. There are certain disclosure laws that must be complied with by the seller, and the REALTOR® will ensure that this takes place. After the offer is drawn up and signed, it will be presented to the seller of the property. What the Offer Contains The purchase offer you submit, if accepted as it stands, will become a binding sales contract (also known as a purchase agreement, earnest money agreement or deposit receipt). It’s important, therefore, that it contains all the items that will serve as a “blueprint for the final sale.” These purchase offer items include such things as: Address of the property Sale price Terms — for example, all cash or subject to your obtaining a mortgage for a given amount Seller’s promise to provide clear title (ownership) Target date for closing (the actual date title is transferred to you) Amount of earnest money deposit accompanying the offer, and whether it’s a...
Mobile, Online Listings Are Increasingly Important for Marketing Your Home

Mobile, Online Listings Are Increasingly Important for Marketing Your Home

Today, we use mobile devices to do everything. We use them to buy movie tickets, find nearby restaurants – and increasingly – we’re using them to shop for homes. According to a recent National Association of Realtors survey, 50 percent of buyers said they used a mobile device to shop for their home in the last year. Traditional marketing methods like yard signs and open houses are attracting a smaller pool of buyers. Just 9 percent of respondents said they found their home this way. Instead, the survey highlighted the importance the Internet and mobile devices play in selling a home. For instance, 43 percent of buyers browse online listings as their first-step in buying a home, and that’s even more accurate for younger buyers. Sixty-five percent of buyers aged 25-44 years old use a mobile device in their home search, compared to just 45 percent who attended open houses. What Does Mobile Mean for Sellers? There are dozens of real estate listings apps from sites like Redfin, Trulia, and Zillow, and the list continues to grow. They’ve made it easier than ever to search for homes by price, location, lot size, etc. Today, your listing is at the fingertips of millions – if it’s marketed correctly. Effective mobile and Internet listings are much like “digital yard signs.” Buyers want to see photos, detailed property information, neighborhood data and virtual/interactive tours. Today, a thorough mobile listing is as effective as a well-attended open house. Equally as important, your listing needs to appear in the right online channels. At Urban Focus Real Estate, we understand the importance of digital marketing...
The Wait is Over – Vida Starts Pre-sales

The Wait is Over – Vida Starts Pre-sales

Sales Office Opens, Floor Plans Released for Vida at 2558 Mission Over the last year, 2558 Market – the Vida building – has been slowly rising in the heart of the Mission District. Really, the eight-story building is part of an entire redevelopment around Mission and 20th streets, which includes the New Mission Theater and a brand-new fitness center. Of course, the Oyster Development-led project is garnering plenty of attention from potential buyers for a few reasons. Vida is located in a supreme Mission District location, with BART just a few blocks away; each unit is customizable with modern appliances; and the units will receive tons of natural light and offer stellar views. Buyers can choose from studio, one- and two-bedroom condos in the 114-unit building. Prices start around $600,000 for smaller units, which are being called junior one-bedrooms; $730,000-$850,000 for the one-bedroom units; and around $1 million and up for two-bedroom homes. Currently, a number of one-bedroom units are available in the first release. And they’re going to go fast. When the sales office opened in early March for an invite-only crowd, at least 20 units were placed under contract by the end of the event, according to the San Francisco Chronicle. Now, in early April, as the sales office opens to the general public, just 27 units are being released. These units are some of only a few new construction condos available in San Francisco at the moment – so the race is on. Amenities at 2558 Vida – Customizable, Modern Furnishings; Efficient Floor Plans The Kwen Henwi-designed Vida offers a bunch of available amenities – the first, and...