Proptech Talk Thursday | Homebound

I'm delighted to introduce a new series called Proptech Talk Thursday. Every Thursday, I will interview executives at a Proptech company or provide my candid reviews/thoughts. The Real Estate industry is one of the slowest to adopt technology as one of the reasons is it’s extremely fragmented. However, it doesn’t stop companies to try to figure out solutions for these really big problems. This week, let’s take a look at Homebound. Think of them as a tech-enabled general contractor.


As of January 2020, Homebound has raised a $35M Series B round totaling $53M. They claim to have developed tools to track and manage 370 unique tasks when building a home. Anyone that has done renovations, knows there are all of the components involved. This is magnified when dealing with ground up construction where there are even more complexities. They currently cover Sonoma, Napa, and Contra Costa county, Los Angeles and Ventura counties.


So what are my thoughts on this company? I think they are certainly onto several fronts. The industry is extremely fragmented as it’s hard enough to find good people that can be trusted time and time again. So the level of standard is very hard to come by and is even harder to scale. As they focus in certain areas, they can dominate those counties so as they go get permits/approvals, they may be able to bypass and streamline things with the city officials given the officials see them time and time again with the same processes. They may also leverage on supply discounts. Since they are basically a mini builder, they don’t have the downsides of the land costs, but have the potential volume of material whether it could be lumber, concrete, and standard appliances. The thing that makes this the most interesting is that if they can truly make it seem like the process of building is easy, it would democratize the construction industry itself allowing a lot more people to feel they have the confidence to build a home. This opens up a lot of interesting and creative in-fill opportunities all around.


What are the challenges? Their current model is that they play as a General Contractor and they sub out the work. A big challenge of this industry is finding reliable sub contractors in the different cities they operate. There is a big shortage of these talented individuals so hopefully they can come out with some sort of training program especially given unemployment is so high these days to train these subcontractors. Another challenge is that they are not widely known yet. The industry itself is really about referrals and those referrals are very tight knit. Top contractors and subcontractors are extremely busy so many people that they try to recruit, may not be very good subcontractors as they have plenty of work already. Technology is also not the easiest for construction workers to use. Construction workers have operated in a certain way for a very long time so for them to be trained on new tools and systems, is just not that simple.


I hope you enjoyed this new series.


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If you’re interested in buying, selling, or investing in residential or commercial real estate in the 📍SF Bay Area, contact me today!


📧Spencer@spencerhsu.com

📞 (408) 547-4590

⏰ Set up a time to chat: https://calendly.com/spencerhsure

🌍 Find your dream Bay Area home https://www.homesbyspencerhsu.com/

🎙️ Listen to my podcast: https://redcircle.com/shows/bayarearealestate

📸Follow me on Instagram: https://www.instagram.com/spencerhsure

🧑‍💼 Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu

🛎 Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/c5xkznHLTBh7Yzgi7

🏠💲 Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMW

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My Background: Born and raised in the Bay Area, I spent 11 years as Technology Sales Manager before becoming a Realtor. Having personally invested and done renovations through house flips in the Bay Area, I wanted to help busy professionals in the Bay Area tech industry find their dream home by leveraging tech, data and local insights. Our team specializes in creating trusted frameworks of buying, selling, and investing in the Bay Area. In 2022, we are thrilled to share that we have helped 80 clients in the Bay Area with their moves, which positions our team as the Top 1% groups in the country. Looking forward to helping you into your next home and save/earn you more money!

Spencer Hsu, MBA, Realtor

Spencer@SpencerHsu.com

408-547-4590

EXP Realty DRE #02077253

https://www.homesbyspencerhsu.com/

#BayAreaRealEstate

Avsnitt(362)

Homebuying Froth? Not in the Bay Area! | Bay Area Real Estate Market Report May 28, 2021

Homebuying Froth? Not in the Bay Area! | Bay Area Real Estate Market Report May 28, 2021

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A Record High for Bay Area Home Prices! | Bay Area Real Estate Market Report May 21, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.Topics covered for the week:Intro(0:00)Bay Area home prices just hit a record high. Will the buying spree last? (0:35) Uber co-founder CloudKitchens venture pushes ahead in downtown San Jose (5:55)Development plans for nearly 1,000 condos, apartments headed to Union City council (8:13) Investors are buying up single-family homes across the US (11:31) Latest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharingTI/edit?usp=sharingSan Mateo County 14:43Santa Clara County 15:43Alameda County 17:02Contra Costa County 17:55 San Francisco County 19:03🗓 Want to schedule a time for a free consultation? Find a time that works for you!  https://www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/ 🎙️Listen to my podcast: https://bit.ly/3bJx88 📸Follow me on Instagram: https://www.instagram.com/bayareatech...🧑‍💼Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu/ 🛎Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. 50 families have been helped in the last 15 months which positions me as a Top 1% Realtor. Looking forward to help you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

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Dreaming of Cali — Real Estate Market ON FIRE | Bay Area Real Estate Market Report May 14, 2021

Dreaming of Cali — Real Estate Market ON FIRE | Bay Area Real Estate Market Report May 14, 2021

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14 Maj 202118min

Back to Remote Work Says Google! | Bay Area Real Estate Market Report May 7, 2021

Back to Remote Work Says Google! | Bay Area Real Estate Market Report May 7, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.Topics covered for the week:Google backtracks on office returns and will allow employees to work remotelyReal estate: Microsoft grabs big chunk of north San Jose landKilroy To Make $900 Million Speculative Bet That Bay Area Biotech Boom Outlasts PandemicApplied Materials widens Sunnyvale holdings with new purchaseEast Bay market is so hot, houses are selling for more than $1M over asking🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/🎙️Listen to my podcast: https://bit.ly/3bJx88📸Follow me on Instagram: https://www.instagram.com/bayareatech...🧑‍💼Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu/🛎Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! https://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. 50 families have been helped in the last 15 months which positions me as a Top 1% Realtor. Looking forward to help you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

7 Maj 202113min

What Other Agents Won't Tell You! My Best Secret to Buy/Sell Your Home

What Other Agents Won't Tell You! My Best Secret to Buy/Sell Your Home

Don't make the mistake of buying a home based solely on the listing price as that's not actually the price where it can end up costing you an upwards of $50,000 or MORE! When I help out my clients on the buying journey I make sure the homes we set out for are ones specifically catered into their budget AND complete with their absolute must-haves. My secret strategy to get my clients to make their best offer in regards to the listing price? Well, you're going to just have to find out!!Watch as I go over TWO client case studies from a buyer AND sellers point-of-view and how they successfully got their dream home and sold their home for a great price!My guarantee when working with clients is honest and reliable communication. I negotiate and use a fail-proof strategy to get my clients the best offer possible when purchasing or selling a home and goal is to exceed all client expectations. If you or anyone you know is selling or looking to move to the Bay Area, I'm never too busy to be introduced. I would be honored to be your real estate agent. 🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor​​🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/​​🎙️Listen to my podcast: https://bit.ly/3bJx88​​📸Follow me on Instagram: https://www.instagram.com/bayareatech​​...🧑‍💼Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu/​​🛎Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMW​​Born and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. 50 families have been helped in the last 15 months which positions me as a Top 1% Realtor. Looking forward to help you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253​​#BayAreaRealEstate​​ #TechRealtor​

27 Apr 20214min

Luxury-Home Sales Rising, Outpacing Affordable-Home Sales Immensely! | Bay Area Real Estate Market Report April 23, 2021

Luxury-Home Sales Rising, Outpacing Affordable-Home Sales Immensely! | Bay Area Real Estate Market Report April 23, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.Topics covered for the week:How the Biden capital gains tax proposal would hit the wealthy CNBC Bay Area COVID migration may be slower than expected East Bay mall to become mixed use site for housing, logistics center Sunnyvale real estate mega-deal makes Google, big developer neighbors Sales of luxury homes skyrocket in first quarter Mortgage rates drop below 3% for the first time in months Latest Market Data for all counties in the Bay AreaSan Mateo County 11:48Santa Clara County 12:28Alameda County 13:39Contra Costa County 14:22San Francisco County: 14:50🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/ 🎙️Listen to my podcast: https://bit.ly/3bJx88 📸Follow me on Instagram: https://www.instagram.com/bayareatech...🧑‍💼Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu/ 🛎Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. 50 families have been helped in the last 15 months which positions me as a Top 1% Realtor. Looking forward to help you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

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