Monday Market Update: A Seller’s Market Reality Check

You’ve no doubt seen the continued demand for Silicon Valley real estate and the solid home price appreciation that’s followed. Maybe you’ve watched neighbors homes sell really fast for really unexpected amounts, or watched your adult children struggle with entering the market themselves. It’s possible you’ve even been inspired to sell your own home – but want to know if moving in this market is really as easy as it looks! In that spirit I wanted to share a recent infographic from the California Association of Realtors and throw in a few top tips of my own to set some expectations about the current market.

OCT-HiRes-SellersMarket_DES_7.13.17_V3_300dpi

Tip #1: Know where to go! 

Worrying about finding another home to buy IS a legitimate concern, and no one should advise you to sell now and figure the rest out later. I often work with my sellers to create a plan that accounts for the event of a quick sale, and weighs the pros and cons of timing in various scenarios.

Tip #2: Know YOUR local market & YOUR home!

Just because the guy across the street got 10% over asking for his home does not mean you will. Every home, every neighborhood, every buyer is different. Nothing is more local than real estate – and even in the same exact neighborhood, it’s impossible to replicate all results with 100% accuracy.

Tip #3: Not all offers are created equal!

The note in the graphic about appraisals and what happens when/if your home cannot appraise for the purchase price is a BIG reality in today’s market. Taking the highest financed offer may not always get you the result you want or need. Make sure you understand the implications as this situation happens everyday.

BONUS Tip: Don’t get so caught up in the heat of the market that you forget what you REALLY want. While everyone wants the highest possible return on their investment, make sure your agent accounts for your big picture short and long-term goals. Home IS where your heart is… and as an agent I consider it my role to preserve and continue that cherished belief in any market. It IS a great time to sell – as long as you have a GREAT plan and a GREAT advocate! 

Cheers,

Bobbi

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

EHOBobbi 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/

Posted in Bay Area Market Updates, Monday Market Updates, National Market Updates | Leave a comment

Senior Spotlight: Fire Safety For Seniors In Just 5 Minutes

older_adults_doorhanger_bilingual.450x1025What if you could do 5 things to protect yourself from the devastating effects of a fire in just 5 minutes?

That’s what this week’s blog is designed to do – so take 5 minutes for each of these 5 tasks and your home will be better prepared to protect you today! While fires are a risk for any household, seniors are at an increased risk due to living alone, having less hearing and visual acuity in detecting a fire and sometimes needing assistance with home maintenance. Be sure to share these tips and help implement them with the seniors in your life!

***The US Fire Administration reports that older adults are the HIGHEST risk of being fatally injured in a fire – and we can ALL do something to help.

Home Fire Prevention & Detection

#1: Count your detectors: you should have a smoke detector in your sleeping area, in your food preparation area and on every level of your home at minimum!

#2: Mark your calendar: Designate a certain time of year to change the batteries in your detection devices (both smoke and carbon monoxide) twice a year. Many people pick the beginning and end of Daylight Savings Time, or try giving yourself the gift of safety on your birthday and half birthday!

#3: Check out FireAvert: Unattended kitchen fires are the #1 cause of home fires in the US; click here to learn about and order FireAvert – a quick and easy device you can order online which will turn off your stove as soon as the smoke emerges, but before the flames erupt. Seniors get a 20% discount with the code ‘SeniorResource’ at checkout!

#4: Plan your escape route: Do you live in a facility with elevators (and know how to get down in case they shut off in an emergency!)? Do you know the fastest way out of your home in the event of a fire? Can you remove the screens in your home if you need to exit through a window? During a fire is not the time to figure it out – so have a home fire drill today.

#5: Heat your home safely: Be sure that space and floor heaters are newer models with automatic shut-offs when tipped over, and that they are kept at least 3 feet away from anything that can burn – including furniture, bedding and curtains. Call your local utilities company for a complimentary furnace inspection every September, as many older homes have older heating systems.

***Bonus Tip: NEVER allow anyone to smoke around medical oxygen! Even if turned OFF, the oxygen can STILL catch fire.

Find more resources at: http://www.seniorresource.com/seniorfiresafety.htm and https://www.usfa.fema.gov/prevention/outreach/older_adults.html .

All my best,

Bobbi

Bobbi Decker, SRES®, CIPS®
Broker Associate, Today Sotheby’s International Realty
Bobbi Decker & Associates
BRE 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/

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

PODCAST RELEASE: Home Styles Part 3 (Last But Certainly Not Least!)

livingroomanddiningroom_1200

Did we save the best for last?! Absolutely! If you’ve been following our 3-part podcast series on the over 30 residential home styles that define our nation, then you are in for a treat! This final edition boasts which home type was inspired by European row houses, what ‘modern’ style is actually 50 years old, how a Gulf coast cottage that originated in the Caribbean came to the US and more. You can also expect to hear about a few other fabulous favorites – including Victorians, Farmhouses and Bungalows!

Whether these styles inspire you to travel the nation and see these styles in action or make a few phenomenal changes in your own home sweet home, we invite you to join us for our concluding discussion into US residential home styles. Don’t forget you can see all the styles and find a complete reference guide (and some related resources including a quiz!) on our blog!

Be sure to listen in to Real Estate Radio LIVE THIS Friday on iTunes, Bobbi’s website or your favorite podcast platform!

All our best,

Bobbi, Buddy & Your Real Estate Radio LIVE Team

Posted in Friday Real Estate Radio LIVE, Fun Fact Friday, National Market Updates, Real Estate Radio LIVE | Leave a comment

Market Update: Foreign Homebuyers Increase 49%

Go GreenWelcome back to the Bobbi Decker real estate blog! If you’ve been following our blog and our podcast series you know that international real estate has been a HOT topic this summer…and really all year! So much so in fact, that I earned my designation not only as a Certified International Property Specialist (CIPS), but as an instructor for the course to aid other agents in their journey to join the global property pursuit of excellence as well!

Turns out we are on JUST the right track, as the latest reports reveal that foreign buyers are surging their assets into US residential real estate, setting record highs! According to the National Association of Realtors® (NAR), the 12-month period ending in March 2017 represented an increase in foreign sales of US property at an increase of 49% MORE than the previous year.

Moreover, half of these purchases took place in Florida, California & Texas. The three countries spending the highest amounts on US property are China, Canada and the United Kingdom, followed by  Mexico and India. You might find it unusual that foreign investment activity here has surged, given that low inventory and rising prices have plagued our own markets for two years now. Yet for a little perspective, five other countries have experienced even faster home price home price appreciation, and/or a local weakening of their own currency and purchasing power. That being said – the place where the grass may be greener – is right where we are sitting!

(If California’s rising home prices aren’t stopping offshore buyers from investing where it’s best, they should’t be deterring you in your own real estate goals either! )

Read the summary on Mortgage News Daily and find the complete report at NAR.com. Please let me know if you’d like to learn what the growing global interest in US real estate mean for you in the present and future!

Read our blogs on International Real Estate HERE.

Listen in to “International Buyers – Where, How & Why?” HERE

All my best,

Bobbi

Bobbi Decker, SRES®, CIPS®
Broker Associate, Today Sotheby’s International Realty
Bobbi Decker & Associates
BRE 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/

Posted in Bay Area Market Updates, International Market Updates, Monday Market Updates, National Market Updates, Real Estate Radio LIVE | Leave a comment

Senior Spotlight: The Coolest Of Them All (The Grandparent Boom)

senior selfieForget the days when moms and dads even tried to be cool… few can compete with the style, swagger and straight dedication of grandparents today! According to the latest US Census, there are more grandparents in our nation than ever before – a whopping 70 million! With our older adult population living longer, staying more active and engaging with technology like never before – it’s no wonder that an increasing number of grandparents are making memories for their grandkids that exceed all expectations!

AARP just shared the story of perhaps the coolest grandma of them all… Ohio’s now-famous Sherry Pratt turned her backyard into an old-fashioned movie drive-in. Decorated cardboard cars with custom license plate frames adorn her back lawn, while housing room for screen-side snacks such as popcorn and candy. With room for a dozen movie-goers, Sherry’s inspiration came from the loss of a loved one, amidst family fears they all would drift apart. The success and camaraderie of the backyard big screen proves that big ideas lead to even bigger memories! Her niece was even quoted as saying “…this is exactly how I want to be when I’m older!”.

Just two months ago, AARP shared the story of a grandmother who provided $20 a week for all 12 grandkids throughout the course of their college careers! With the last grandchild now graduated, the so-called ‘gravy-train’ has ended, but the memories of the 20-year tradition of handwritten “nanagrams” will never be forgotten.

Whether you are a grandparent or just a great friend to the kid next door, you just never know how what you say or do will impact those who are watching. With more grandparents in our country than ever before – this generation has the potential to leave a lasting legacy for our younger population that transcends gray hair and card-playing (though those aren’t even bad things!). Wouldn’t it be cool if memories of our grandparents weren’t limited to visiting them in nursing homes… but instead of taking hikes together, messaging on Facebook with each other or even taking a selfie here and there… What do you want your grandkids to remember about you… and what are you doing to make it happen!?

Just some fun food for thought…

Bobbi

Bobbi Decker, SRES®, CIPS®
Broker Associate, Today Sotheby’s International Realty
Bobbi Decker & Associates
BRE 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/

Resources Used: 

Grandma Recreates Old-Fashioned Drive-In

Grandma Ends Gravy Train for College Grandkids

The Grandparent Boom!

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

PODCAST RELEASE: Residential Home Styles…Continued

logoWhile the kids may be out of school and sitting by the pool, there is no summer slump in real estate! This week, our Real Estate Radio LIVE team continues the engaging and educational discussion that we started last week on residential home styles. (Be sure to check out this week’s blog as your complete reference guide!). With over 35 different home types making their mark across time, space and style – there is no way one show (or even two!) that could cover them all.

In part 2 of 3 this week, we turn our focus to home styles born of the Arts & Crafts Movement, modeled after Roman Classicism and those inspired by early American Settlers. Join us as we walk you through the roots and elements that make-up Contemporary, Craftsman, Dutch Colonial, Georgian Colonial and Federal Colonial architecture. We’ll give you some easily identifiable features, and even a history tip here and there! By the time we are done, you’ll have a whole new awareness, appreciation and amazement for the way that these styles emerged, evolved and even withstood the test of time through their presence in many parts of the country today.

It’s a conversation NOT to miss, so listen in on iTunesBobbi’s website or streaming on Real Estate Radio LIVE!

All our best,

Bobbi, Buddy, Joe & Your Real Estate Radio LIVE Team

Posted in Friday Real Estate Radio LIVE, Fun Fact Friday, National Market Updates, Real Estate Radio LIVE, Tune In Tuesdays | Leave a comment

Monday Market Update: Residential Home Styles

Is there one distinct home style that represents your home… or maybe three or four?! Are you inspired by a certain home type… or one feature of each! If you have been following our weekly podcast on Real Estate Radio LIVE – then you know we have been tackling the subject of residential home styles. This week’s blog is designed to serve as your ultimate resource guide to viewing America’s three dozen plus home styles, learning more about them and serving as your steadfast reference guide for the present and future. Think of this as your personal, all-access home styles 101 guide!

| Did you know that there are over 35 different home styles?! 

home styles all

| Listen to our podcast series on home styles on Bobbi’s website, iTunes or Real Estate Radio LIVE

| Find the complete National Association of Realtors®  guide to home styles here

| Take the quiz on “Do You Know Your Home Styles?” here

| Read Huffington Post’s “The 10 Home Styles That Are Most Popular Around America” here

| Discover a great read on “A Field Guide to American Houses” here on Amazon

| Find more home and design articles on Realtor.com

We hope you have found all the details you know and love about all the styles that catch your eye right here! We’d love to hear your fave… so email Bobbi@bobbidecker.com anytime!

All my best,

Bobbi

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

EHOBobbi 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/
 

 

 

Posted in Friday Real Estate Radio LIVE, Monday Market Updates, National Market Updates, Real Estate Radio LIVE | Leave a comment

Senior Spotlight: Intergenerational Friendships

age friendshipIf you’ve ever been told to ‘hang out with people your own age’ – we sure hope you didn’t listen! In this week’s Senior Spotlight – we wanted to share the age-defying power and often overlooked benefits of having friends of ALL ages. A recent article in the June/July 2017 print edition of AARP titled ‘Friends For The Ages’ showcased some inspiring intergenerational friendships between a fashion icon and a jewelry designer, a Paralympic snowboarding bronze medalist and her doctor, a ballerina and a ballet pioneer and several other diverse personalities and professions. Reading about their stories in the spirit of the ‘disrupt aging’ movement led me to do a little more digging into what it means to live your life, your way – friends of all ages included!

In friendships that span experience and time, the benefits flow both ways in terms of perspective, inspiration and overall life enrichment. And since age is JUST a number – chances are you share a lot more common ground than you think. In addition to expanding your horizons and opening yourself up to some amazing connections, intergenerational friendships have been proven beneficial to both mental and physical health. As such, a number of intergenerational volunteer programs and networks are serving and uniting the senior and student populations around the globe.

Without further ado…here are the benefits of intergenerational friendships:

For Older People
| Boosting Your Energy Levels
| Deepening Your Sense Of Purpose
| Gaining Modern Perspective
| Decreasing Isolation As You Age

For Younger People
| Receiving Mentoring
| Learning From Experience
| Accepting The Aging Process
| Unearthing New Traditions (And Carrying Them On!)

In addition, intergenerational friendships help each party gain fresh perspective, dispel stereotypes that exist among age gaps and introduce each other to ‘new’ things. No matter what your age or where you are in life, we hope this concept has encouraged you not to ignore age in choosing your friends, but to acknowledge, appreciate and enjoy it!

Resources Used:

HOW HAVING MUCH OLDER (OR YOUNGER) FRIENDS CAN CHANGE YOUR LIFE

WHAT ARTHUR TAUGHT ME ABOUT INTERGENERATIONAL FRIENDSHIPS

THE BENEFITS OF INTERGENERATIONAL FRIENDSHIPS – YOUNG OR OLD

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

PODCAST RELEASE: Home Styles You Know & Love (And Some You Don’t)

new homeLet’s face it: is your favorite part of real estate building wealth, creating memories OR appreciating aesthetic appeal! If you’re a fan of the latter (the seriously fun part!)… did you know that there are 35 different home styles in the United States alone?! Chances are you have heard of bungalows and ranch styles – but do you know what really differentiates them and who defined them?! Join us for a virtual trip across the worlds of history, art, architecture and lifestyle as we present the first of a 3-part series on nearly three dozen residential building types.

The first in our podcast series on this subject will explore the most prominent home styles here in the West. From Prairies to Pueblos, Ranches to Monterey’s… we’ll reveal what practical needs, functional features and art-inspirations influenced these build types.

A few of the other fabulous and favorite home types we’ll cover are: Eichlers (you either love ‘em or hate ‘em!), Log Homes, Cape Cod Style, Art Deco and Salt Box! Be sure to listen in Friday to your favorite podcasting platform for an engaging, educational and entertaining chat on the home types you know and love (and maybe some you can’t wait to explore!).

Join us this Friday for our exclusive, online podcast release of residential building styles (part 1) and check back next Friday as we continue the discussion!

All our best,

Bobbi, Buddy & Joe

Your Real Estate Radio LIVE Team

Posted in Bay Area Market Updates, Friday Real Estate Radio LIVE, Fun Fact Friday, National Market Updates, Real Estate Radio LIVE | Leave a comment

Monday Market Update: Buying A Home… Without Seeing It!

Running PeopleWould you buy a home without seeing it first?! According to a recent study…that’s what 1 in 3 homeowners last year opted to do! With this market trend emerging across multiple news sources – we knew it was a subject we had to tackle in depth on Real Estate Radio LIVE!

You probably know that buying a home sight unseen is a function of acting fast & feverishly in the current market – but did you also know it’s a litmus test of:

| The use of technology in the real estate industry

| The ultimate sign of trust between an agent and their buyer

| The true value of real estate professionals in this marketplace

| The potential for property usage misrepresentation to secure better financing

Listen in below and find all of our recent podcasts right here!

All my best,

Bobbi

Posted in Monday Market Updates, National Market Updates, Real Estate Radio LIVE, Tune In Tuesdays | Leave a comment