Two WORST questions to ask a Realtor | Bay Area Real Estate Tip #23

Every Wednesday at 12PM PST, I will interview and introduce 1-2 top producers all across the country to hear about how they got into the business, what they are seeing with real estate impacts with COVID, and how they are shifting their business. I personally rely on data sources from these top producing agents as not all opinions should be weighed equally. Tune in via Facebook Live either on my personal FB page or Facebook Business Page (www.facebook.com/bayareatechrealtor)This week, I am pleased to have Jamie Tian at Rodeo Realty and Jean Gillen, and Wagner Nolasco from Realty Doctors on the show. Here is Jamie's Bio:"As a top producing agent at Rodeo Realty, Jamie takes pride in her discretion while providing the finest service to clients ranging from first-time homebuyers to A-list celebrities. Jamie is a member of RodeoRealty’s President’s Elite Circle, was named top 1% of agents nationwide by Trulia and Zillow, and was featured in Top Agent Magazine. She was also awarded the distinction of "30 Under 30" by the National Association of REALTORS, "A-List Top Producer" by the Asian Real Estate Association of America, and Top 25 Agents On Social Media by PropertySpark.com. Jamie is fluent in Chinese and specializes in properties throughout Los Angeles and Orange Counties. She is an active member of the community and a UCLA alumna. She is also a proud member of the 2020 National Association of REALTORS Presidential Advisory Group on Sustainability, which has been taskedwith creating a 2030 Sustainability Action Plan for homeowners nationwide."Wagner and Jean are doing very interesting infill projects in the Palm Bay and Ponciana/Kissimee Florida market.Jean Gillen has been a Realtor since 1979 and specializes in Investment Real Estate. This type of real estate has made more people millionaires than any other investment vehicle. “Brick & Mortar is not only for large investors”, says Gillen, who consistently sells over 200 units a year. “37% of all US residents rent where they live. Of that, Mom and Pop investors account for more than a whopping 34% of the ownership. Many investors are just not educated on the advantages of buying and renting both single family and multi-family homes.” says Gillen.Jamie Tian Contact Details:Tel: 310.717.1321​JamieTian@Gmail.comDRE# 01920120If you are interested in investing in the Florida Single Family Rental space, you can contact me. Spencer@SpencerHsu.com--Looking for a real estate agent in your city? I have a network of top producing agents around the country. Email me and I can put you in contact with a top trusted agent in your area!Spencer@SpencerHsu.comWant me to speak in front of your team, podcast? Let's talk! Spencer@SpencerHsu.comNot happy with your current brokerage? Check out what EXP has to offer.https://bit.ly/3fxh3Wn and reach out to see if it's a fit for you.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 -- 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

6 Maj 202059min

6 Home Renovations That INCREASE Property Value for ResaleBay Area Tech Realtor Spencer Hsu talks about the best home improvement tips, to help you sell your home for top dollar before listing the property for sale.  0:51 - Paint2:25 - Landscaping3:32 - Flooring5:37 - Bathroom Remodel6:48 - Lighting 7:56 - Kitchen RemodelLooking for a real estate agent in your city? I have a network of top producing agents around the country. Email me and I can put you in contact with an agent in your area.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 -- 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

5 Maj 202011min

Check out a recording of my latest weekly market update.https://youtu.be/cPem2xORPXI1) 0:42 Shelter in place extended but certain rules relaxed. Starting May 4https://bit.ly/3aSmPOI2) 3:30 Loan applications jump 12% week over weekhttps://bit.ly/2YqHlTJ3) 4:54 Facebook ad earning stabilized in Aprilhttps://cnb.cx/2Sq2GsU4) 6:36 HELOCs at Wells Fargo and Chase no longer available.Tightening of the credit marketshttps://cnb.cx/3aRQbfX5) 8:20 Weekly Data AnalysisReporthttps://bit.ly/3eLFE9fKnow of anyone considering to buy, sell, or invest in Bay Area real estate? Let's talk!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 -- 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

1 Maj 202012min

Every Wednesday at 12PM PST, I will interview and introduce 1-2 top producers all across the country to hear about how they got into the business, what they are seeing with real estate impacts with COVID, and how they are shifting their business. I personally rely on data sources from these top producing agents as not all opinions should be weighed equally. Tune in via Facebook Live either on my personal FB page or Facebook Business Page. (www.facebook.com/bayareatechrealtor)0:50 Background of Ed Diaz9:07 What loan products disappeared or got stricter over the weeks?13:44 Are there still 5-10% down programs available? Are multifamily loans factored differently?16:10 Should I wait to buy a home now or later with rates likely to drop? How quickly can people refinance after the purchase?18:28 What do you think interest rates are likely to be over the year?20:45 Is there a rule of thumb as to when someone should consider refinancing?24:40 Things to be aware of when seeing rates online.32:35 Contact Details for Ed Diaz:34:38 Question to ask all lenders. What is your interest rate lock strategy?Ed Diaz Kuno AdvisorsText: 415-368-1149Ed@kunoadvisors.com🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://calendly.com/spencerhsure🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/​🎙️Listen to my podcast: https://bit.ly/3bJx88​📸Follow me on Instagram: https://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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMW

29 Apr 202036min

Every Tuesday, I post a topic of questions I commonly get from clients. The most commonly asked question is whether this recession will be as bad as 2008 for the real estate market which I give a strong no.It's important to understand what happened in the past. Politics aside,homeowners were overleveraged. 1) Banks knew the properties they had to absorb had no equity so they wanted to get it off the books as fast as possible 2) Loans were too easy to get so people were buying way more properties than they should've without showing income docs. Risky behavior deserved to be punished. 3) Because banks were a major part of this disaster, their balance sheet was very toxic.What is happening this time around?Recession is caused by a virus.1) Most loans over the decade, especially in the Bay Area, required 20%+ down payment.2) Tremendous amount of homes have 50%+ equity3) Banks are allowing homeowners to get mortgage relief relieving immediate stress for those that need it. I suspect the Bay Area forbearance figure is significantly less than the national figure of 6%4) This time around, real estate is considered a safe haven versus other asset classes including Bonds, Stocks, and Gold.If you are afraid of the downside, buy in locations that are strong due to schools or work commute. Even during the worst real estate caused recession, certain cities dropped only 15%.They key is about perspective and what your time horizon is.If you are nearing retirement and cant afford to wait several years, now is a great time to sell while the prices are high. The medium term is uncertain. Long term remains positive.If you are a home owner and you plan to own for several years, the trend aligns with what has happened over the last 30 years (5-6% increase annually).Remember what your goals are and don't let this distract you from achieving your goals. If you are a renter, you are still paying someone else's mortgage which is a guarantee negative return.Have any questions? Reach out and let's talk about your real estate situation anytime!Feel free to find a time on my calendar and we can talk about anything.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 -- 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

28 Apr 202021min

Topics discussed today!1) 3:34 Offmarket changeshttps://bit.ly/2VUVnu52) 6:42 Unemployment Figures, Rental Market, Multifamily opportunities. If you are interested in Multifamily investment vehicles, let me know as they are typically for accredited investors only.https://cnb.cx/2Vzc7bc3) 11:50 Credit Markets Updatehttps://on.wsj.com/2VYzjyzhttps://bit.ly/2VAM97m4) 17:00 Alameda County Data Market Review https://bit.ly/3eLFE9f5) 21:55 State of the I-Buyer / Real Estate Brokerage Markethttps://tcrn.ch/353I3rqhttps://bit.ly/2VYbO8O6) 27:50 New Builder Opportunitieshttps://bit.ly/2VXuvJUhttps://bit.ly/351vrB87) 32:35 The ONE thing that I worry about impacting the Bay Area Housing Market.https://cnb.cx/35519xC🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://calendly.com/spencerhsure🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/​​📸Follow me on Instagram: https://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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWAnyone questions or would you like to be on the show? Contact details below!Spencer Hsu, MBARealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253www.homesbyspencerhsu.com

24 Apr 202035min

I created a weekly FAQ series since I'm sure others may want to know the answers to questions I commonly get. I strongly believe that real estate is a mix of emotion and data which is why I made this specific video as to how I work with my clients to determine the market value of a home. This is 1 of 4 components of a home value but it gives you the data angle of my formula.List price is a marketing tactic and is irrelevant whether you should feel you got a deal or not. Also be careful with trusting Redfin and Zillow estimates. They are a great general guide of trends but can be off by as much as 10% which is evident in this video using live examples.Have any questions? Reach out and let's talk about your real estate situation anytime! Feel free to find a time on my calendar and we can talk about anything.🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://calendly.com/spencerhsure🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/​​📸Follow me on Instagram: https://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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWREAD MY REVIEWS FROM PAST CLIENTS:Yelp: https://www.yelp.com/biz/spencer-hsu-...Zillow: https://zillow.com/bayareareagentRealtor.com: https://www.realtor.com/realestateage...——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 as seamlessly as possible. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. I have helped 17 families within the last year for $21MM in happy transactions!Spencer Hsu, MBARealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253www.homesbyspencerhsu.com

20 Apr 202021min

Check out my weekly live show! Here are the things covered this week with Christie Xie out of Boston. She can be reached at cxie@nuage.group and/or (617)678-38891:55 Market Update Boston11:47 Market Analysis of San Mateo Countyhttps://docs.google.com/spreadsheets/...19:52 Boston local protocols21:39 Bay Area Local Protocols26:24 New Marketing Best Practices28:05 When do you believe Shelter in place will end?34:20 Airbnb and rentals37:43 Market Outlook and StrategyHave any questions? Reach out and let's talk about your real estate situation anytime! Feel free to find a time on my calendar and we can talk about anything.🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://calendly.com/spencerhsure🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/​​📸Follow me on Instagram: https://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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWGet added to my monthly insights newsletter! https://forms.gle/toWqtGBFaSRYJj2hREAD MY REVIEWS FROM PAST CLIENTS:Yelp: https://www.yelp.com/biz/spencer-hsu-...Zillow: https://zillow.com/bayareareagentRealtor.com: https://www.realtor.com/realestateage...——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 as seamlessly as possible. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. I have helped 17 families within the last year for $21MM in happy transactions!Spencer Hsu, MBARealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253www.homesbyspencerhsu.com

17 Apr 202042min