OrganicAgent

Get inside my brain as I share with you intimate details of the real estate market in one of the world's hottest cities. Experience the ups and downs of helping people buy and sell properties, and learn something along the way. You'll also find great tips, community happenings, and connections to services and ideas I find useful and valuable. I look forward to an ongoing dialogue with everyone!

Monday, December 05, 2005

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Monday, October 24, 2005

Tuesda Tour

Tour Hotlist:

There are 175 properties to see in all of area 9 tomorrow, but which are worth your time?

That depends on what your looking for and how much you can afford. If you don’t know, talk to a qualified realtor and qualified mortgage broker. Out of all of those, there are a few that should be worth your time:
118 Gates, a single family home for $660,000.
25 Bronte, a single family home for $669,000.
and a lot of decent places available in the Mission.

Thanks for reading, "Organic Realtor Michelle" Stephens

Tip of the week
One way to help save gas is to keep your tire property inflated. This can improve your gas mileage by more than 3%!

Tuesday Tour Prep

Tour Hotlist:

There are 175 properties to see in all of area 9 tomorrow, but which are worth your time?

That depends on what your looking for and how much you can afford. If you don’t know, talk to a qualified realtor and qualified mortgage broker. Out of all of those, there are a few that should be worth your time:

118 Gates, a single family home for $660,000.
25 Bronte, a single family home for $669,000.
and a lot of decent places available in the Mission.

Thanks for reading, "Organic Realtor Michelle" Stephens

Tip of the week
One way to help save gas is to keep your tire property inflated. This can improve your gas mileage by more than 3%!

Thursday, September 01, 2005

Mid-week report

Loan Rates quoted this week:
Long-term rates are up slightly this week by an eighth, with a 30 year fixed at 5.75% and short-term rates are up by an eighth with a 7/1 adjustable rate mortgage at 5.625%. There is a new product out there that gives buyers the opportunity to benefit from an interest only loan for 10 years, and then it converts to a 30-year fixed loan, giving you 40 years to pay off the loan. Rates are probably going to drop due to the market pressure, so it’s a great time to lock a loan.

These rates are presented to me by Guarantee Mortgage at my weekly company meetings.


Market Update
There’s many new listings this week! The new listings have hit the market. We have yet to see what impact the increased supply will have on prices. I anticipate it will not impact prices immediately. I anticipate such pressure will not significantly impact prices until next year, when interest rates are due to rise.

Coming to a block near you:
527 Day Street – single family home, 2+br/2ba, parking, $TBD1200 Rhode Island #4 – condo, 2br/1ba, parking, $460,000921 Buena Vista – TIC, 1br/1ba, $399,000354 Bright – single family home, 2br/1ba, parking, $599,0001867 Oakdale – single family home, 3+br/1ba, parking, $479,000107 Jarboe – single family home, 2br/2ba, parking, $699,000201 Berkeley Way – single family home, 4+br/2.5ba, parking, $879,000


Seller’s question of the week…

How important are property photos to selling my house?

A picture’s worth a thousand words. Your home is a product, and it is my job to sell it. Just like any other product, it is vital to market your home properly to get you the best price and buyer. Pictures are an important piece of the marketing of property. While it’s not necessary to hire a professional photographer, it is important that your agent have some know-how. That’s why hiring an experienced agent is important.

Choose your realtor wisely. If you need help, call me (mobile: 415.637.1898).


Buyer’s Question of the week…

Is there anything other than price I can do to get my offer accepted?

It depends on the seller, but it’s true, money talks.

That being said, if you can afford to meet the price the comparable sales indicate is appropriate, there are a number of other ways you can best leverage your offer. Your agent should research the sellers’ situation extensively so you have the information you need to position yourself appropriately. You should not only explore the most affordable way to finance the purchase, but also consider which is the most secure financing option, because the sellers will look at your financing after they look at the price.

Hiring an agent who is experienced and respected is vital to positioning yourself competitively. If you need help, call me (mobile: 415.637.1898).


In closing…
All hell has broken loose in the areas affected by Katrina. Please, donate what funds you can. For donation opportunities, see my post from August 31 “Help survivors of Katrina”.

But what about us? It’s a selfish question to ask, but this seems like the appropriate time to ask it. We live in earthquake country and how many of us are prepared? Do you have a plan? Do you have an emergency preparedness kit? Do you know what to do in case of an earthquake?
Hind-sight is 20/20. Let us learn from what the survivors are suffering and be prepared. Watch this blog for the necessary information to prepare for an emergency, or just email me for the information.


Thanks for reading,
"Organic Realtor Michelle" Stephens


Tip of the week
Visit www.stopjunkmail.org for on-line guidance and a kit explaining the simple steps you can take to reduce junk mail. Our earth will appreciate it!

Wednesday, August 31, 2005

Help survivors of Katrina

I hate to say it, but I've been glued to the tv watching stories about survivors of Katrina. This is going to be a long haul, but they need our help starting now. My company will match 50% of the funds that I raise. If you'd like to donate, please contact me. Starting now, I'm offering to match up to $500 of donations I receive.

Or go directly to:
www.redcross.org at 800.435.7669
www.secondharvest.org at 800.344.8070

Saturday, August 27, 2005

Prepare for Sunday!

As your area nine specialist, I can tell you there's quite a bit to choose from tomorrow. There's a nice condo available in one of my favorite locations at 199 Tiffany Ave. #301, open 2-4p. I'm a sucker for lofts and another one in the Mission that caught my eye is 2501 Harrison #9; it has a nice, and unusual, layout!

In keeping with my loft fetish, I'd check out 701 Pennsylvania #101 on Potrero. Again, another nicely designed loft. Of course, I then have to mention a possible "good deal" opportunity at 1643 18th St. Nice building, nice loft and it's been available too long for the sellers not to be a little negotiable.

Bernal has a number of homes to choose from, and one or two nice TICs. I really liked the building at 306+ Montcalm, but there's only one unit left.

Now, in Soma and South Beach, there's always a number of properties to choose from, each a little different from the other. I'm a fan of the new luxury developments. That's awful, huh?! Why? Ease of living. Sad it doesn't fit with my values. (or pocket book. Yikes!)

It's reported that rates are down again. Good news? Bad news? It's bittersweet. These low rates keep the housing market HOT! More competition, but better loan rates.

Finally, more in line with my values, the Chronicle reported on the value of shopping salvage. There are a number of local salvage sites. Check out www.socketsite.com for a more detailed summary of this earth-friendly way to be patriotic and consume!

Pardon me, but I'm tech challenged. I have the Sunday Open House section in pdf, but don't know how to load it here. So, I'll email it to you if you send me a comment.

Friday, August 26, 2005

Mid-week report

Loan Rates quoted this week:

Long-term rates are down again this week by another eighth, with a 30 year fixed at 5.625 and short-term rates are down too, by about a ¼ with a 7/1 adjustable rate mortgage at 5.5%.

These rates are presented to me by Guarantee Mortgage at my weekly company meetings.


Market Update

Labor Day Excitement!

The new listings are starting to trickle onto the market. Although most Sellers are waiting until after Labor Day to put their home on the market, a few are starting to trickle down early. We realtors anticipate almost a flood of available properties that first week of September. What impact will this have? We realtors expect it will still be competitive for Buyers, but it seems supply is rising to meet demand, which will eventually apply downward pressure on our favorite, …PRICES! But not tomorrow, or next week, or maybe not even by next month. Don’t hold your breathe, yet.


Sellers Question of the week…

Do I need to get an inspection before I sell my property?

In the Bay Area, it is common to provide a buyer with a pest inspection with the disclosures. This is negotiable, though. There’s nothing that says Sellers have to do anything other than fill out the standard disclosure forms. However, is it advisable? I think so, if for no other reason than it is standard practice now. You don’t want Buyers to have any suspicions about your property; and not getting an inspection would appear “suspicious” to some. It’s a small cost and does show some good will toward Buyers, which seems missing in the strong Sellers’ market we’ve had of late.

Choose your inspector wisely. If you need help, call me (mobile: 415.637.1898).


Buyer’s Question of the week…

I’m in contract on a TIC. Now what?

The next step is to meet with all the buyers.

During this meeting, you will have an opportunity to decide if these are people you want to “get into bed” with. Do you trust them to pay their mortgage? Do you want them as neighbors? Do you see yourself successfully navigating the sometimes agonizingly long process of condo conversion? Not only will you be asking these questions of yourself, but your soon-to-be TIC partners will be asking themselves the same thing.

Be prepared; do your research. If you need help, call me (mobile: 415.637.1898).


In closing…

Please, email me your questions at Michelle@FordRealEstate.com. Or post a comment to this blog. I will update this 3x/week, unless I don't. ;-)
Also, I’m always looking for referrals, so if you’ve done business, any kind of business, with someone you like, please let me know who they are, even if that's you!

Beginning within, Organic Realtor Michelle Stephens


Tip of the week

Check out www.DoNotCall.gov, because you’re mobile number is about to be released to telemarketing companies. I wonder...if we all dislike telemarketers, who are they marketing to? What realm will marketing explore next?

Thursday, August 25, 2005

New Posting Schedule

Due to a recent request, I'm going to try a new posting schedule: Mondays, Wednesdays and Saturdays.

Mondays will allow me to discuss what happened during Sunday open houses; Wednesdays will allow me to share company-wide experiences; Saturday will allow me to help you prepare for Sunday!

See you soon!