Real Estate is a GREAT investment!

Buying a house can be terrifying. Selling a house can be equally as difficult. The entire process is stressful, but the end result is often worth every second of the struggle. Bob Schwab, a mortgage lender in our office, often shares great information, and points out this is because investing in real estate is a solid decision!

For the fifth year in a row, a Gallup poll showed that real estate is the best long-term investment out there. This year, 34 percent of Americans chose real estate as the best long-term investment, followed by stocks (26 percent). You can see the chart, stolen from Bob’s blog, below:

Just five years ago, gold was the most sought-after long-term investment with 34 percent of votes. Even back then, real estate was in second place, though the economy was recovering from the economic crash that preceded it. Overall, the real estate market is in good shape and people seem to agree that it’s a stable, long-term investing option.  Rates are rising, so now may be a good time to buy check out this graph that shows how much buying power you lose as rates go up.
You can always give me a call to help you make that investment – it is, after all, my job!

Walnut Creek Yacht Club strikes again

I’ve written about how much I like the Walnut Creek Yacht Club before. You’ll remember my blog about last year’s Lobsterfest at the Yacht Club, but I’ve never actually written just about sitting at the bar, eating dinner, and enjoying my meal in a normal setting before. It has great bar seating, with a view looking outside and is one of my favorite bars to just eat dinner either alone or with a friend. The bar is also a great place to hang out to drink and socialize.

I recently went to meet my friend Victoria before going to a movie. Of course, we sat at the bar, I was running late and when I got there, she was socializing with a neighboring patron soaking up all the good WCYC vibes. I ordered Zarzuela de Mariscos – Spanish Seafood Stew with prawns, octopus, mussels, clams & rock cod tomato-shellfish broth, serrano ham, garlic, almonds saffron rice pilaf, grilled Acme levain bread, and lemon aioli for $29.00; the special for the month of May. It was like a tomatoey seafood risotto. Victoria had WCYC Fish‘n’Chips, with California ling cod beer battered in Anchor Steam, with WCYC tartar sauce, regatta fries and WYCY coleslaw for $18.00.

In the past, the service has always been top notch, this time, the bar service was a bit lackluster or aloof, usually they chat you up and are refilling your water and asking what else you might need, but this night was not to their standard tip-top shape. If you are local, you will usually run into someone you know and this evening was no different! Jodi was there socializing with friends and her new baby!

I love the food and the drinks and their special dinners and tasting – it is great to be a member. Of course, if you go often, you get some sort of gift at the end of the year and an envelope not to be opened until a specific date. After you open the envelope, you have to go back in and eat! Check them out!

Event Round-Up: May 19

Welcome back to the next installment of Event Round-Up! Below, you’ll find five of the best events around the Bay Area for the next few weeks. If you attend any, please let us know how they were – you may even be mentioned in a future blog!

Image result for bay to breakers

Bay to Breakers (May 20, 2018 – San Francisco)

Look, if you’ve still never experienced Bay to Breakers in San Francisco, you’re truly missing out on a one-of-a-kind spectacle you can’t get anywhere else in the world. Take advantage of this “race” of usually around 100,000 people dressing up in ridiculous outfits, drinking mimosas, and enjoying the sunshine in the city. It’s an early start, but you can take part in the festivities without actually registering for the race. Be there tomorrow – you won’t regret it!

Civic Park Public Art Installation (May 26, 2018 – Walnut Creek)

This will be a super cool, unique event. The Bedford Gallery and City of Walnut Creek Public Art Department have a National Endowment for the Arts grant for a public art installation in Civic Park. It brings world-famous sculptor Patrick Dougherty to town and should continue to put Walnut Creek’s art on the map. He plans to install a huge project made of woven willow saplings, and he’s calling for the public’s help volunteering to assist. The project has already begun and ends on May 26th, when there will be a free celebration in the park for your viewing pleasure!

Image result for patrick dougherty art

Mission Mural Tour (June 2, 2018 – San Francisco)

If you’ve ever wandered through The Mission District in San Francisco, you’ve probably eaten amazing Mexican food, stumbled upon a few mind-boggling murals, and then eaten even more amazing Mexican food. But it’s the middle thing we’re focusing on here, as you now have the chance to join a public, professional walking tour of the murals in The Mission. It will give you information, history and context around some of your favorite murals in The Mission. The tours are free, but the guides accept donations and tips!

First Wednesday (June 6, 2018 – Walnut Creek)

Cypress Street in downtown Walnut Creek will have a lot going for it on Wednesday, June 6th. That will be the next installation of the First Wednesday event that shuts down a whole city block and invites live music, dancing, food trucks, adult drinks, a Kids Fun Zone and games. There will also be a Chef’s Demo (in partnership with the Contra Costa Certified Farmers Market) and chances to win free prizes. You can park for free after 5 p.m. in all downtown garages that day, and the festivities last from 5:30 to 8:30 p.m. I can’t recommend it highly enough – it’s always a great time!

Image result for murals mission district

Haight Ashbury Street Fair (June 10, 2018 – San Francisco)

Similar to First Wednesday (only bigger, better and more famous – sorry Walnut Creek!), the Haight Ashbury Street Fair will take place a few days later in San Francisco. This fair has been around for decades and seems to get better every time I go. There is a ton of live music, the best food, drink and craft vendors around, and – as is typical with any event in San Francisco – a TON of people. As if you need an excuse to enjoy one of the city’s most famous neighborhoods on a beautiful day, go check out the Haight Ashbury Street Fair!

Writing a love letter may help you win a bidding war

No, I don’t mean a bidding war over a guy or girl you love – I mean to buy a house! A love letter, traditionally, may be used for wooing a potential soulmate, but it has its place in the real estate world, too. Especially in the Bay Area, where house prices are absurdly high and most people sell their homes for a significant over-asking price, a letter to the homeowner with a personal touch can make all the difference.

Image result for letter

Take this article, for example, which details the story of a local business owner who “won” the rights to buying an adorable cottage against 10 other bidders, despite her offer not being the highest. Of the 11 offers the homeowner received, 8 sent personal letters, and she believed the subject of this article wrote the most touching one. She connected with the homeowner by writing about her dog, who she’d always promised a big yard too and who was nearing the end of its life when she bought.

The seller is quoted as saying that she felt like she knew the buyer before even meeting her, so it put her over the top, even for a slight discount on the final price. I think this is a really awesome, effective tool that can make all the difference in the world! I highly encourage any of my clients to do something similar and write a personal letter to a seller, in the hopes that connecting with them on a personal level will help get the offer accepted.

Image result for got keys to house

It may be a bit of a corny strategy, but when you’re pursuing the house of your dreams, why wouldn’t you go all out to get it? It should be pretty easy to dig up a little information on the seller (favorite sports team, pets, etc.) and you can utilize that to your advantage. I know if I were selling my house and a buyer told me they also love skiing and had fostered Weimaraners, I’d probably put that person right at the top of my list!

Next must-see pop-up? 29Rooms!

You heard about the Color Factory and the Museum of Ice Cream, which both popped up in San Francisco to massive fanfare. The next must-see pop-up exhibit in the city is going to be 29Rooms, an interactive exhibit presented by Refinery 29. It will be at the Palace of Fine Arts this June and I already got tickets – girls day out on Friday June 23rd, when a friend who moved back to the east coast will be visiting! Were you able to grab some tickets?

The exhibit is said to be composed of 29 different rooms bringing together “the worlds of style, culture and technology in visually stunning installations curated by a mix of artists, brands and even celebrities.” That sounds pretty awesome to me. Just check out some of these pictures and of course they are instagram moments:

29Rooms, Refinery 29's interactive fun house, is coming to San Francisco for four days only!
Getty Images/Refinery 29/TimeOut.com
Image result for 29rooms
Timeout.com
Image result for 29rooms
Vance Garrett Productions

29Rooms’ theme is “Turn It Into Art” and each room will tell a unique story. They still haven’t released this year’s artists or brands, though. According to the website, 29Rooms will be open to the public for only four days (June 21-24) for three sessions of three hours each day (11 am – 2 pm, 3-6 pm, 7-10 pm) and tickets are $39. They might be sold out, but somebody may be scalping them or they may be on Stub Hub!

Art Town: Figure (Get Set)

This utility box is on the corner of N. Main St. and Lincoln Ave. in downtown, and has been on display for a couple years now. It’s situated in front of Modern China, across from Opa, in a very heavily-trafficked part of downtown Walnut Creek. It first drew my eyes from its startlingly large human figure.

It depicts a woman in a red dress who seems to be admiring herself in the mirror. It kind of gives me “50’s movie starlet” vibes for some reason. The artist, Carla Gelbaum says she paints from her imagination using universal and whimsical themes. She says she likes to use the “infinite possibilities of life and the universe” to paint her pieces, and that she often uses vibrant, bold color themes.

 Those styles are readily apparent on this utility box, which also lists “Get Set” in tile at the bottom. This differentiates it from other “Get Set” pieces Gelbaum has done. All her work in that series is acrylic painting of females in red bathing suits who “look upon their world in a calm and reflective manner.” You can see more “Get Set” pieces here at Gelbaum’s website.

Gelbaum was raised in the Bay Area and has other pieces around the East Bay, including at John Muir in Walnut Creek. I really enjoy this utility box painting, as it gives me a calming, optimistic feeling for some reason. Have you seen it when you’re walking around downtown? If not, keep your eyes peeled!

How to survive a remodel in your relationship

I found this graphic from HomeAdvisor and the California Association of Realtors pretty funny. It says:

“More than half of couples who complete a remodeling project with a spouse or domestic partner admit to arguing during the process, and 3% even considered separation or divorce!”

While reaching that conclusion may be a little extreme (and maybe indicative of larger problems…), remodeling really is difficult on yourself and your relationship. Even just picking an agreeable paint color for the walls can be tricky.

As the graphic states, communicate more with whoever you’re doing the remodeling project with, and you’re bound to be better off. I know firsthand how difficult the buying, selling, remodeling, etc. processes can be, and the only way to survive them (even the easy ones!) is to be open and honest about everything you want to do.

Take my word for it, so you don’t end up looking like the characters in this little graphic! You can always call on a friendly realtor like myself for advice on how to best survive this daunting task.

Tender Greens does away with cash

Technology is advancing everyday things in our daily lives. As you’ve probably experienced plenty of times by now, you can simply swipe your card straight on a register’s iPad and have the receipt emailed to you. Tender Greens in Walnut Creek is taking things even further.

They have a sign when you walk in declaring that they are “cashless” now. They accept all major credit and debit cards, and have an app that makes everything super easy and streamlined. To me, that is a dangerous move since they are eliminating an entire form of payment. I don’t always use cash (rarely, in fact), but it’s nice to have that choice. And this move has totally backfired for other restaurants recently.

As the link above mentions, the wait can be even longer, and it becomes very inconvenient for anyone with cash on them and being surprised by the new policy. Additionally, there’s the aspect of losing the human element. Also, doesn’t that kind of ruin tipping for their staff? Sure, you can tip on a receipt, but just having a tip jar out at the counter probably invites people to throw a couple extra bucks in there after ordering. Besides the move to cashless, Tender Greens also updated their logo and menu.

I went there recently and tried the salmon with a side salad and roasted cauliflower. Like usual, the food was great! I enjoy the freshness of the food they provide and the menu is right up my alley. However, I’d still like to be able to pay with any petty cash I may have on me at the time. Hopefully this strategy works out for them, and they don’t have to issue a mea culpa like Shake Shack.

Road Trips: Livermore Outlets

Raise your hand if you love shopping! If you’re like me, and love to find the best deals, then you might like the outlets.  I was not too keen on outlet shopping until my friend Maria (shopping queen) said you got to go to Livermore – so, we took a road trip and she introduced me to some higher end stores that I really liked.  You could always go out to San Francisco to find some deals or pay top dollar, but why do that when Livermore is just down the highway from us?

Livermore is an easy, 25-minute drive from downtown Walnut Creek and has all the big retailers: Cole Haan, J. Crew, Michael Kors, Bloomigdales, Nike, Banana Republic and more. However I just focused on a unique few; All Saints, Zadig & Voltaire, Kate Spade and Tory Burch.

Obviously, Walnut Creek has its own awesome shopping, but not the ones I mentioned above. Livermore is a pretty cool East Bay city that will give you a new perspective and a new slate of stores to check out. And unlike some of my last few road trip posts, you can actually drive to this one!

Just head down 680 South to 580 east until you get to Livermore, the mall is on the right – big new buildings you can’t miss. You can literally spend the next full day shopping for clothes, home goods, food, drink, and more.  Bring your walking shoes!

SaveSave

Silicon Valley: Moving East?

I came across a very interesting article in The New York Times recently about Silicon Valley attempting to find fertile ground in the Midwest. It’s a fascinating look at how the real estate market in the United States is rapidly changing.

Image result for for sale detroit

For example, Amazon is looking for a city to place its second headquarters. That is going to lead to a massive shift in where large tech companies start looking at places to re-locate. It’s well known that California is in a real estate a bubble. Silicon Valley, especially, is one of the richest areas in the entire country – if not the world – and one move could shake up a local economy in a huge way.

I think trying to replicate another Silicon Valley would be difficult; it is like the perfect storm – top-notch universities, a port, three international airports, the gateway to the far west and great weather. However, companies will look for more affordable areas to do business and states that provide tax incentives (think Tesla in Nevada). It doesn’t mean they will ditch the Bay Area completely.

Image result for amazon

You know things are crazy here when even the tech elites in San Francisco are tired of San Francisco. They say it’s “congested” and “expensive” in the Bay Area, and are apparently mesmerized by the affordable homes and real estate in the Midwest. If you live in the Midwest I wonder how many hip spots would there be, not to mention the possibility of snow…what are your thoughts?