Funky Foto Contest Winner Week 104

Great job on Friday folks! It turned out to be alot easier than I thought…at least more of you knew the answer of Alden Park than I was expecting. Congratulations to Sophia Wu who wins the $30.00 gift card to Jack’s Prime for getting there first. Great job Sophia! Also arriving with the right answer was Ranjana, Pak, Shrikant, Dana Ferri, Debbie, Kirk and David Ho. Good job guys!! See you all again on Friday!

Ray Charles is Cool

This bird gets it!

Funky Foto Contest Week 104

Oh no! Not another one of these pics! Yes…the dreaded sign design. I think this one is pretty tough because it’s also pretty obscure. You guys are routinely excellent so just watch us get about 30 answers today? If you’re the first to answer this correctly you’ll win a $30.00 gift card to Jack’s Prime in San Mateo. All the rules of the road are available to view on the left hand margin as well as on the bar above. The winner as well as all other correct answers will not be published until Monday morning. Any and all silly jokes, snappy quips and all wrong answers will be published immediately if not sooner. Good luck this week! Have a great weekend!

The Down and Dirty

Just about a year ago there was all this nervousness because lenders were tightening up on their criteria and unless you had 20% down it was going to be very hard to buy a home around here. Of course, it is harder when you have 10% or less down and you have to jump through a bunch more hoops to get a place if you’re using an FHA loan…but it is do-able. The anticipation was that most folks were simply going to have to save more money before taking the plunge and that would slow the market down since it was going to take awhile to get that big old 20% number. Right?

It sure doesn’t seem that way to me so far in 2010. What it seems like is that everybody has a ton of money! On some of my listings this year, 4 of the six offers on Dory had at least 30% down…one had 50% down. Catamaran had two offers that had 30% down. Alameda got an offer with 40% down. Many other transactions I’ve done with buyers have had them competing with other offers that have had large down payments and in many cases all cash offers have won the day.

Yesterday I presented an offer that was one of six. We had 25% down, 2 other offers had 35 and 40% down and one was all cash. Having said that, we’re not talking about small houses. We’re talking about houses selling for $1,000,000. It’s amazing how many folks have $350,000 to $400,000 to put down! In this era when appraisals have been an issue it’s comforting for a seller and thei agent to see offers with such high down payments. It, of course, is also frustrating for a buyer who has 20% down (can you imagine having $200,000 as a liability?) when they have to compete with these other folks. Even with 50% down it becomes a challenge when seemingly so many others have cash and can close in a week on a property…and then offer free rent back!

It’s becoming sort of crazy again in some market segments. Sort of like 2004, only everybody playing is very well qualified and has a ton of money!

Real Estate Snobs

It was common knowledge as I grew up in Colorado that folks from Wyoming were just a bit different than we were. We thought they were a little more backward, rougher, certainly nowhere near as sophisticated as we were to the south of them. I once went to a college football game in Laramie and while in a local watering hole after the game I caused a bit of a stir by ordering a Corona with a lime in it. It was one of those moments where I knew instantly that I had made a serious social faux pax…silence ensued there at the bar. I was told that, no, they didn’t serve Corona there…they had Bud, Coors and Miller and if I didn’t like it I could take my sorry butt back to Denver where I belonged! 

You can laugh, but that same kind of thinking exists…in spades, right here in the Bay Area. Agents from San Francisco look down their noses at agents from…anywhere else. Agents from the West Bay tend to look down their noses at the East Bay. It’s actually more localized too. Agents from the Mid Peninsula look down their noses at Daly City, Pacifica, San Bruno…etc and agents from Palo Alto and Menlo Park look down their noses at agents from the Mid Peninsula! It’s freaking hilarious! An agent in my office teased me about a sale I had in Pacifica…he asked if I needed a passport to go over there.

Another funny aspect is the snobbishness about offices. Yesterday in my office I heard some complaining about an agent from a Century-21 office with some disparagement directed at that brand name. I often find it amusing that, in spite of the fact that my Re/Max office has been the top office in San Mateo county for the last 20 years, anytime I stray into Santa Clara county agents respond to me like I haven’t bathed in a couple of weeks. Come to think of it, sort of like my co-worker responded to the C-21 office! Honestly, it really is hilarious…the sense of disgust is almost palpable at times. Particularly in Palo Alto! Last week I called an agent to see if I could get some more information about her townhouse listing and the mood changed significantly after I identified myself as being with Re/Max. She wasn’t particularly friendly…actually she acted like I was trying to sell her canned vomit or something. I asked if she could let me have a link to the disclosures on the property in question, she told me she would only give me that link if I promised that my clients were going to write an offer.

“Umm…I’m thinking that part of their decision making process about writing an offer could very well include their inspection of the disclosure package”. I replied. I felt like I had just asked her if she had Prince Albert in cans and her silence was because she was certain that if she said yes I would blurt out…”well, let him out!” She relented and sent me an e-mail in which she agreed to give me the disclosure link…if I gave her my:

Full name, contact info, DRE# and Real Estate Company name prior to giving out the password.

All this scrutiny for a disclosure link? I think it must be because I’m with Re/Max? Either that or somebody informed her of my eating habits? Just to be a smart aleck I also gave her my CA drivers license number, my kids birthdays and my shoe size. I eventually got the link…but my clients decided they didn’t want the place after all. Whew!

Funky Foto Contest Winner Week 103

Good job this week folks! I didn’t think there would be as many right answers as there were. It’s, of course, Williams Landing. Congratulations to Alex Ousherovich who answered first and won the $30.00 gift card to Starbucks. Also answering correctly was Dana Ferri, Edna, Ranjana, Nike, Shrikant, Anita Reimann, Debbie and Karen Paganucci on facebook. Great job folks!! See you again this Friday!

Those Janitors Sure Are Funny


Live Feed: Obama Attends The White House Maintenance Staff Annual Dinner

I’m glad I missed it!

Funky Foto Contest Week 103

I’m thinking we have another sort of tough one this week…but you folks seem to consistantly surprise me! The question this week is where is the location we’re looking at? If you’re first to answer that question you’ll win a $30.00 gift card to Starbucks. All the rules of the road are available to view on the left hand margin as well as on the bar above. The winner along with all other correct answers will not be published until Monday morning. Any and all silly jokes, snappy barbs, quips and all wrong answers will be published immediately. Have a great weekend!

Earth Day in Foster City

City Snapshots – Earth Day 2010 from Foster City TV on Vimeo.

Cool video of Foster City’s big Earth Day event last weekend. Watch for the always impressive Steve Toler.

Kicking Butts

The FC city council seems to be moving in the direction of outlawing smoking in all of the city’s parks. It was on the table to be discussed last night and it would seem to be the right time to make this move.  Cigarette buts are the most common form of litter with the inevitable clean-up being expensive, not to mention how many butts end up in storm drains and thus the lagoons, streams and the bay itself.

This isn’t a new trend as more than 90 cities and/or counties have adopted ordinances making local parks smoke free. Interestingly, only 14% of Californians smoke according to California’s Clean Air Project.

For some more info on this check out the SM Daily Journal’s story from yesterday.

http://www.smdailyjournal.com/article_preview.php?id=130449