Designations Create Distinctions: Not Your Average Grandparents – Coming To Sacramento!

Thank you for coming back to the Bobbi Decker ‘Designations Create Distinctions’ blog! This week, we are pleased to announce one of our last course offerings of the year which is proudly taking place right in our nation’s capital city – Sacramento! Save the dates of Wednesday, December 4th & Thursday, December 5th as we bring your final 2019 opportunity to earn your Senior Real Estate Specialist® Designation!

It’s a good thing that those who need you the most in the next 20 years are NOT your average grandparents – because this is NOT your average class! Get both the facts and the real-life perspective of what it takes to address the diverse needs of those 10,000 individuals turning 65 every day in this 2-day course. Find all the details in the flyer below & register HERE today!

You can also learn more about the SRES® Designation at: https://www.nar.realtor/education/designations-and-certifications/sres 

Not Your Average

See you soon!

Bobbi

Bobbi Decker, SRES®, CIPS®
Broker Associate, Today Sotheby’s International Realty
Bobbi Decker & Associates
DRE 00607999
e. bobbi@bobbidecker.com
p. 650.346.5352
w. www.bobbidecker.com

Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/
EHO

Posted in Designations Create Distinctions | Leave a comment

Monday Market Update: Where To Find The Millennial Millionaires

Where Are They_

You have no doubt heard about millennial millionaires with regards to tech wealth… but what happens when these same individuals are a proportion of those set to inherit a collective $68 TRILLION? That is the topic of this week’s Monday Market Update, as we are about to reveal who the millennial millionaires are and where they live.

Just last week, the Silicon Valley Business Journal detailed the prime differences between the millionaires of the 1980’s and those of today: much of the Bay Area’s rapid wealth has been built on account of rapidly appreciating home values from Baby Boomers, considered the wealthiest generation in history. So, what happens when the wealthiest generation in history leaves behind a Silicon Valley legacy and high value property to go with it? The region’s young tech wealth become even wealthier.

According to the article, 44% of the nation’s millennial millionaires are forecasted to reside in California, followed by 14% in New York and 5% in Florida, Massachusetts & Texas each.

When looking at the 10 zip codes with the highest concentration of projected millennial millionaires, 5 are in Santa Clara County: Cupertino (95014), Almaden Valley in San Jose (95120), Cambrian Park in San Jose (95124), Sunnyvale (94087) & Willow Glen in San Jose (95125). Not surprisingly, San Mateo County made the list with the Burlingame/Hillsborough/San Mateo zip code of 94010.

In weeks to come, we will address what this data means for Baby Boomers today and for their children in the years to follow. In the meantime, we encourage you to read the original article listed below for valued perspective on Silicon Valley wealth that has been acquired through tech and housing.

Source Used: These Silicon Valley ZIP Codes Are Expected To Have The Highest Concentration Of ‘Millennial Millionaires’

All my best,

Bobbi

Bobbi Decker, SRES®, CIPS®
Broker Associate, Today Sotheby’s International Realty
Bobbi Decker & Associates
DRE 00607999
e. bobbi@bobbidecker.com
p. 650.346.5352
w. www.bobbidecker.com

Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/
EHO

Posted in Monday Market Updates | Leave a comment

Designations Create Distinctions: Why There’s Nothing To Fear This Halloween…

Have No Fear...

Are you enjoying October as much as I am? Getting ready for the REALTORS® Conference & Expo next month… and planning to face your frights this Halloween!? Better yet, how about earning a designation that helps our largest growing population have no fear about the real estate decisions that come with age? This Halloween week… join my next Senior Real Estate Specialist Designation (SRES)® class on October 30th & 31st and prepare to empower Baby Boomers with everything they need to know about the major financial and lifestyle transitions in relocating, refinancing, or selling the family home.

sres october

The SRES® Course At A Glance:

| Understanding generational demographics.

| Discussing the myths and realities of aging.

| Learning how Baby Boomers are changing retirement.

| Reviewing marketing strategies.

| Recognizing the implications of tax laws, probate and estate planning.

Costumes are optional – but a desire to help the 10,000 Baby Boomers a DAY turning 65 is required!

REGISTER TODAY!

Bobbi Decker, SRES®, CIPS®
Broker Associate, Today Sotheby’s International Realty
Bobbi Decker & Associates
DRE 00607999
e. bobbi@bobbidecker.com
p. 650.346.5352
w. www.bobbidecker.com

Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/
EHO

Posted in Designations Create Distinctions | Leave a comment

Monday Market Update: The (Surprising!) Connection Between Vacation Homes & Greater Household Wealth

You Can relax On The Road To Wealth...

The connection between vacation homes and household wealth is about to turn into the discussion of the chicken or the egg… which came first? In today’s blog, we are excited to reveal the just-released stats from the National Association of Realtors (NAR)® pertaining to home equity, second home demand and median price growth.

While it’s natural to assume that you have to be wealthy in order to buy a second or vacation home, NAR’s 2019 Vacation Home Counties Report actually indicates that buying a second home creates household wealth, even more so than a primary residence! When analyzing price increases (think equity!) for home types, median home prices for second homes rose 36% compared to 31% for existing and new primary residences (for the 5-year period ending in 2018).

Other notable findings include:

| US household net worth reached an all-time high of $100.3 trillion in 2018, double the figure from 10 years ago. Much wealth came from home values which rose $200 billion. NAR® Chief Economist Lawrence Yun cites that this growth has fueled vacation home demand.

| Second homes gained significant value in both expensive AND inexpensive areas across the country in ‘vacation home counties’ where second homes make-up 20% or more of the area’s residences.

| While Florida and California certainly have their share of vacation properties, other notable vacation home counties reside in Maine, Pennsylvania, New York, New Hampshire, Maryland, Delaware, North Carolina, Vermont, Georgia, South Carolina, Arizona, Idaho and Oregon.

| Black Knight records indicate that the median home price for a vacation home in many areas is less than $100,000, with the least expensive vacation home properties located in non-coastal areas of Maine, and in New York, Pennsylvania, Missouri, and Michigan.

| If a family purchased a vacation home in one of the least expensive vacation home destinations and put 20% down – the annual mortgage payment would be less than $5,000 and account for less than 10% of the family’s income (based on a formula taking into account median income & median home price).

WOW! We have always known that home can be a significant wealth asset – but did you know that your vacation home may create even more wealth than your primary residence? Second homes not only make amazing family vacation spots or placeholders for future retirement residences… they can dramatically increase your personal wealth (through record price growth of 36% in many cases!). You may no longer be asking yourself why you should purchase a second home… but why NOT?

If you would love to chat more about the prospect of buying a second property or would like an introduction to an agent in one of the top vacation home counties… please do not hesitate to reach out today!

Resources Used:

Vacation Homes Paved the Way to Greater Household Wealth

US household wealth jumps $2T

All my best,

Bobbi

Bobbi Decker, SRES®, CIPS®
Broker Associate, Today Sotheby’s International Realty
Bobbi Decker & Associates
DRE 00607999
e. bobbi@bobbidecker.com
p. 650.346.5352
w. www.bobbidecker.com

Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/
EHO

Posted in Monday Market Updates | Leave a comment

Senior Spotlight: Baby Boomers Are Living Longer In This Housing Type…

A Better Quality Of Life...

Welcome back to the Bobbi Decker Senior Spotlight! This week, we are excited to share data just released in Bloomberg Businessweek about a housing type that is not only increasing in popularity – but producing highly desirable outcomes!

The Pew Research Center has reported that 20% of Americans are now residing in multigenerational housing – which is an environment of two or more adult generations living together. Just last year, Columbia University found that healthy adults who reside in multigenerational housing actually live longer!

According to Bloomberg, developers have taken note – though progress of such options is still in the ‘start-up’ phase. Examples include:

– Mirabella: A 20-story glass tower at Arizona State University which provides residents an ID card for class and library access. With 90% of units sold, ‘copycat’ projects are emerging at universities across the US. The 304 suite types include private nursing, assisted living and memory care for those aged 62 and older. Units start at $350,000, plus $4,000 minimum for monthly maintenance.

– Kampung Admiralty: This mixed-use complex in Singapore merges intergenerational bustle through a blend of a 220-child day care center, dining hall, supermarket, health center, roof garden green space and 100 small senior housing units. The age requirement is 55+ years and an attractive price of $90,000-115,000 US dollars.

– Trilium Hollow: This member run (think no management company) community of residents aged 3-87 in Portland, Oregon features 29 private condos, a 3-story common house, creek and community garden. A price of $175,000-368,000 plus 6 hours of month of community work is a notable draw for this beautiful 4-acre setting just outside city limits.

Last week, The New York Times revisited a topic you have seen on our blog before: home sharing. As another fast-growing multigenerational trend, home sharing programs pair seniors who have extra rooms with guests who pay rent and may also assist with tasks of daily living, housework or errands. The arrangement often results in friendships, increased feelings of safety, decreased feelings of isolation and the ability to age in place longer. Similarly, co-housing bonds residents through companionship – but in the form of new or converted communities in which meals, outdoor space and social activities are shared daily. The majority of the existing, self-governed 170 co-housing communities are multi-generational, while another 140 are being developed. There are also 15 co-housing communities that specifically serve older residents.

Needless to say – if you thought assisted living was your only option as you age – think again! Active lifestyles, open mindsets and a greater appreciation for each other are changing the ways we age and even how long we live. A better quality of life and a longer one… why not?!

Resources Used:

More Baby Boomers Are Living in Multigenerational Housing (And May Be Living Longer Because Of It)

‘We Need Each Other’: Seniors Are Drawn to New Housing Arrangements

Bobbi Decker, SRES®, CIPS®
Broker Associate, Today Sotheby’s International Realty
Bobbi Decker & Associates
DRE 00607999
e. bobbi@bobbidecker.com
p. 650.346.5352
w. www.bobbidecker.com

Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/
EHO

Posted in Living Longer, Living Better, Senior Spotlight | Leave a comment

Designations Create Distinctions: Meet The Newest SRES® Graduates

SRES® Graduates

What a start to October! Last week, it was truly more than a pleasure to work with this dedicated group for 2 days as their course instructor for the Senior Real Estate Specialist (SRES)® Designation! Thank you to every single agent to date whom has solidified their commitment to supporting this fast-growing demographic as 10,000 baby Boomers every DAY are turning 65. They are lucky to know you – and so am I! 😉 

If you cannot believe you missed this opportunity – luck is on your side! I will be teaching this course one more time this month at the San Mateo County Association of Realtors® on Wednesday October 30th & Thursday October 31st. Save your space today by registering NOW!

ALSO COMING UP:

When: Wednesday, October 23rd

What: Build Wealth 1-Day Real Estate Investing Course

In Collaboration With: SAMCAR

Register: HERE

_ _ _

When: Thursday, November 7th

What: Marketing Strategy & Lead Generation / ABR Elective Course

In Collaboration With: 2019 REALTORS® Conference & Expo

Register: HERE

_ _ _

When: Wednesday, November 13th

What: Live Code of Ethics Class

In Collaboration With: SAMCAR®

Register: HERE

Please do not hesitate to reach out any time with any questions about any course! I look forward to supporting as many of you as possible before year-end in earning the deignation you want & need to make you stand out!

‘ DESIGNATIONS CREATE DISTINCTIONS’ 

All my best,

Bobbi

Bobbi Decker, SRES®, CIPS®
Broker Associate, Today Sotheby’s International Realty
Bobbi Decker & Associates
DRE 00607999
e. bobbi@bobbidecker.com
p. 650.346.5352
w. www.bobbidecker.com

Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/
EHO

Posted in Designations Create Distinctions | Leave a comment

Monday Market Update: The Must Maintain List…

If It AIn't Broke... DO Fix It!

October is always an interesting time of year as it brings a bit of ‘the calm before the storm’ mentality.  It’s right before the holiday rush begins and the end of the year arrives faster than a speeding train. It’s often a season when we look back on what we hoped to accomplish in the past year and measure how much we were able to achieve or what life prioritized for us in reality.

If you had some home projects on your list – we hope they went great! If you had some home maintenance items… how did they go? Wait, you aren’t sure where to start? You were waiting to see what broke before you fixed it? You are not alone – and we are here to help! Check out this infographic below from the California Association of Realtors®. A glance at this list should give you a basic idea of where to start with preventative home care.

Maintenance-hi-res

Here are a few more tips on caring for your home without losing your mind:

#1: What home maintenance items take precedent will depend largely on your home’s location and climate. Needless to say, our home maintenance lists look very different from those on the East Coast! Even in California, the air conditioners in Sacramento get much more wear and tear than those in Santa Cruz… you get the idea.

#2: If your residence is part of an HOA, ensure that you have a clear understanding of what the HOA is responsible for vs. what you are responsible for so you can plan (and budget) accordingly.

#3: Unless you are the original owner of your home, it may be virtually impossible to know every improvement and item that has been updated or addressed (or never touched!). The inspections of your home can serve as a very good starting point for a to-do list IF they were performed by a quality company. Getting a second opinion is also never a bad idea, and a knowledgeable agent can easily advise you on what reports are boiler plate, which need further attention, and which aren’t worth the paper they are printed on.

Resources For Further Reading:

Checklist for a Trouble-Free Home: DIY Network

A First-Time Buyer’s Guide to Home Maintenance: Brought To You By Houzz

The Annual Home Maintenance Checklist: The New York Times

Keeping Up Home Maintenance: HGTV

If you need a trusted referral that we would (and very likely have!) use(d) on our own home, please do not hesitate to reach out.

All our best,

Bobbi Decker & Team

Bobbi Decker, SRES®, CIPS®
Broker Associate, Today Sotheby’s International Realty
Bobbi Decker & Associates
DRE 00607999
e. bobbi@bobbidecker.com
p. 650.346.5352
w. www.bobbidecker.com

Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/
EHO

Posted in Monday Market Updates | Leave a comment

Senior Spotlight: The Baby Chasing Trend

Baby Chaser

There was a time when relocation during retirement meant moving somewhere warmer, or cheaper – or often both. But according to a recent report from a study conducted by Meyers Research – there is a different reason that drives 25% of Baby Boomer moves: baby chasing! This term refers to retirees moving to where their children and grandchildren have landed to provide moral and financial support.

Interestingly enough, the top 5 cities for ‘baby chasers’ are those which have offered the greatest high-income job growth over the last 5 years. So why would retirees move here? Because this is where their adult children secured employment. The top 5 such destinations are Charlotte & Raleigh (North Carolina), Austin & Dallas (Texas) and Nashville (Tennessee).

The Meyers report also reveals what relocating retirees are looking for in a home & community:

| A residence of 2,500 sq. ft. or less.

| Room for the grandkids to stay and play (yard included!).

| More favorable state & local tax laws.

While Baby Boomers are working longer than their parents and grandparents and aging in place longer as such, more than a third plan to move at some point according to a 2017 Demand Institute Report. 42% of those surveyed said they would choose a smaller home at that time.

Last but not least, the ‘baby chasing’ trend is a shift away from using technology as a replacement for human interaction. While Facetime and Skype have their place when living apart is not an option, those who have a choice are choosing the old-fashioned method of knocking on grandma’s door and asking for a fresh baked cookie when mom said no. That is something no technology can deliver (unless Door Dash has her secret recipe!).

If you know a retiree who is relocating to be closer to loved ones, please know that I am more than happy to serve as a confidante and resource along any step of the journey.

Resources Used:

‘Baby chasers’ are changing U.S. retirement demographic

‘Baby-chaser index’ tracks boomers who move to be near grandchildren

All my best,

Bobbi

Bobbi Decker, SRES®, CIPS®
Broker Associate, Today Sotheby’s International Realty
Bobbi Decker & Associates
DRE 00607999
e. bobbi@bobbidecker.com
p. 650.346.5352
w. www.bobbidecker.com

Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/
EHO

Posted in Living Longer, Living Better, Senior Spotlight | Leave a comment

Designations Create Distinctions: SRES® 2-Day Course At SCCAOR This Week!

It's Almost Time

REMINDER: For those who have been waiting for the 2-Day Senior Real Estate Specialist Designation (SRES)® Course to come to the Santa Clara County Association of Realtors®, the time has come!

THIS WEEK: Discover the advantages of NAR’s Seniors Real Estate Specialist® designation. Build your real estate business with specialized knowledge of the wants, needs and expectations of home buyers and sellers aged 50+. By earning your SRES® designation via the 2-day course, you gain familiarity with these unique buyers and sellers, and connect with a specialized referral network of more than 13,000 REALTORS®.

WHEN: Wednesday October 2nd & Thursday, October 3rd

WHERE: Santa Clara County Association of REALTORS®
1651 North First Street San Jose, CA 95112 United States

OBJECTIVES & PROGRAM INFO: Click HERE 

See you SOON!

Bobbi

Bobbi Decker, SRES®, CIPS®
Broker Associate, Today Sotheby’s International Realty
Bobbi Decker & Associates
DRE 00607999
e. bobbi@bobbidecker.com
p. 650.346.5352
w. www.bobbidecker.com

Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/

EHO

Posted in Designations Create Distinctions | Leave a comment

Monday Market Update: Welcome Home To Harbortown (Two Amazing Opportunities!)

just listed

This is your chance to live in the luxury waterfront community that everyone loves – close to everywhere you need and want to be. The Bobbi Decker Real Estate Team is pleased to present 876 Wharfside Road and 948 Shoreline Drive in the renowned and centrally located resort-like community surrounding the San Mateo Lagoon. Have it all at Harbortown.

If you were out and about this weekend, hopefully you got a chance to pop by Sunday afternoon and see them for yourself! If not, please explore both properties including video tours at the links below and reach out ASAP to 650.346.5352 to schedule your own private showing today.

876 WHARFSIDE ROAD

876 canva

This top floor, turnkey, penthouse-style corner unit in Harbortown is now available & waiting to welcome you home. This desirable A-plan simply sparkles with upgrades abound throughout the 2BR, 1.5BA and 1,150 +/- sq. ft. of living space. With a stunning, modern, upgraded kitchen w/ quartz countertops, a fabulous master suite w/walk-in closet, engineered hardwood flooring, newly installed shiplap, a spacious loft (ideal office, second living area or extra bedroom!), separate laundry and so much more. Explore the virtual tour and see more at: http://www.876wharfside.com. Offered at $938,000.

948 SHORELINE DRIVE

948 canva

Your million-dollar view awaits amidst waterfront living at its finest. This is a never before opportunity to call 948 Shoreline Drive yours as it enters the market for the first time ever! This 1,555 sq. ft. townhome features 2BR / 2.5BA, a spacious loft / flex space and fresh paint, new flooring and stainless-steel appliances. Don’t miss all that abundant natural light (skylights!), those vaulted ceilings and a charming breakfast nook (with its own patio) plus VIEWS, VIEWS, VIEWS. This one has it ALL… and more! Offered at $1,238,000.

COMMUNITY FEATURES

Resort-style living provides 3 pools (one year-round), spa, sauna, clubhouse, 2 tennis courts, community garden, walking paths and an outdoor sport court. Easy access to shopping, dining and several commute corridors. Pet-friendly too!

All my best!

Bobbi Decker, Listing Agent

Broker Associate, Today Sotheby’s International Realty
Bobbi Decker & Associates
DRE 00607999
e. bobbi@bobbidecker.com
p. 650.346.5352
w. www.bobbidecker.com

Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/

EHO

Posted in Monday Market Updates | Leave a comment