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Agent Prolific’s momentum continues…

 

coralwood

Press Release from 11/02/16

 

As the year is coming to an end, Agent Prolific’s momentum continues to grow. David Castillo of Agent Prolific (Led by Miguel Contreras) continues his streak by helping the Gustafson family purchase their beautiful new home in the Encanto neighborhood for $405,000. The Gustafson’s were looking for investment property in San Diego, and David Castillo delivered. On the other side of the deal Dante laura of Coldwell Banker West represented the sellers.

With newly installed granite counters, high end laminate floors, and stainless steel appliances this remodel is a charming piece of property.

Agent Prolific is San Diego’s most exciting up and coming Real Estate Group. Innovation is what makes Agent Prolific an exciting company to watch out for in the future. The core mantra of Agent Prolific is connectedness, happiness, and grit when working with their clients. “Agent Prolific isn’t the average run of the mill real estate company you’re used to, it’s a lifestyle company reinventing the way a company connects with clients by giving MORE than just a house”.

 

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What does it mean to file for Bankruptcy?

For this week’s episode of Coffee Shop Confessionals (C.S.C) we met with Jason Turner of J. Turner Law Group at the famous Donny’s cafe in Bonita. We discussed how your financial state can affect your overall happiness, what bankruptcy means, and the steps one can do to file bankruptcy.

Watch the video below:

 

Agent Prolific’s Miguel Contreras sells another one…

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Press Release from November 1, 2016:

Agent Prolific is pleased to announce the sale of a newly renovated single family home in Spring Valley. The subject property is located at 753 Osage and was sold for $415,000. Escrow closed the 27th of October, 2016.  The Titus family purchased the home and was represented by Paul Neeb of Full Realty Services. The Acierto Family listed and sold the property with Miguel Contreras of Agent Prolific with RE/MAX 24k .

Read more

Purchase Price: Sold

Neighborhood: Eastlake

Address: 2390 Greenbriar Rd. Unit D

Profile: 1,454 sq. ft. | 3 bed, 3 bath

“Live Prolifically”

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Coffee Shop Confessionals

This is our first video of a new segment we’re calling “Coffee Shop Confessionals” (CSC). We’ll be touring around town visiting some of our favorite coffee houses and roasters and will be discussing business and life, because my business as I assume many of your businesses are very much entwined with your lives… And more and more these days the lines separating business /work and personal life have been blurred. We’ll talk a lot of real estate, because, well that’s what I do, but we’ll also talk about business in general, life, relationships, raising kids etc. TODAY I want to talk about happiness.

I want to focus on this today because there’s so much negativity floating around these days. I think many of us are not achieving the true happiness we seek. Maybe we’re a little bummed out or a bit angry. BUT, at the core of things, I know that what drives us is the search for love and happiness. Now I am not going to get into a big Ole hippie monologue, but I have been studying the science of happiness lately, reading books like the rise of Superman and the Happiness Project. There’s one key element that stood out to me, one very important pillar to finding happiness, and its meaningful acts or acts of generosity.

This seems like such a simple principle, there’s more to it than just giving your money and time to a good cause. The actual act of being generous changes you inside, it makes you more flexible, more open minded and quite frankly knowing that life is so much bigger than us as individuals. When our hearts are humbled, hardened hearts become softer, and softer hearts can receive and give more love, and when we give more love we spread the happiness, and when we spread the happiness, we become happier because we’ve tapped into flowing river of happiness. This is true too, happier people tend to live longer healthier lives and they find meaning in the acts that they perform, they don’t need to chase a muse for inspiration, their magnum opus is their life and the ability to share it with those whom they care for and love. So with this video I am challenging myself, along with you to find more joy in the things we do by being more generous. Click on the comments below, I would love your feedback.

Until next time amigos, stay caffeinated and motivated…

Watch the Video Below:

Are you thinking about selling your home?

First impressions mean everything, if we give a good first impression the better chances we have landing the interview, getting a second date, its imperative making good first impressions in important situations such as these. The same goes when selling your home, and the first thing most home buyers notice is –wait for it– the kitchen.

Yes the kitchen, and some of you are nodding your heads in agreement. In fact I’m confident many of you reading this bought the home you’re living in now because you or your spouse fell in love with that sweet hands free faucet. (Seriously this is pretty sweet) The kitchen is where the home starts for many, so we wanted to highlight how even small simple upgrades can elevate the value of your home.

The smartest, most efficient kitchen updates include painting and new cabinet hardware. Consider using neutral colors, its a very subtle subconscious seed you can plant in home buyers to help them envision the kitchen to match their unique style. Another great idea would be to upgrade one (or all) of the appliances in the kitchen. If you haven’t the funds for a full kitchen appliance upgrade, upgrading one piece can go a long way, and you’d be surprised of the rise in value.

Check out how you can upgrade a kitchen in a single weekend

If you’re still hesitant making some upgrades before selling your home keep in mind the fact that a buyer could potentially cut up to $10,000 off of their offer price if the kitchen is dated. Typically, when potential buyers see a dated home, they see $$$$  in money they perceive they’ll need to invest in remodeling/ updating – which will directly impact offer price.  When Selling a property, we want to the home to look and smell great ( think of how new car scent makes you feel).  The newer (updated) it looks ,  typically the more offers you’ll receive. If you are thinking about selling your home get informed and contact us today if you’d like to know what your home is worth and how it compares to other homes in your neighborhood. We would be more than happy to properly comp out your home and give you an estimate on the potential earnings you could make with even the simplest of upgrades that may help net you more Moolah!

If you’d like to know how much your home is worth and see whether or not you should make an upgrade contact us today!

Should Realtors be worried about HAUS?

About a month ago Garrett Camp, co-founder of Uber and CEO of Expa Studios, released Haus, a new digital platform that digitizes the offer submission and acceptance process. Right now the platform is only available in California and free of charge, this might change once the company determines how to improve the “negotiation process.”

In short,  the platform isn’t here to compete with the zillow’s or realtor.coms of the world in an already crowded space of online home search. Rather, Haus’s main goal is to digitize the offer-submission and acceptance process. TechCrunch reported the platform lets “sellers put their listing on the platform, where buyers and their agents can both post their offers, amend them, and see an anomymized version of other offers that have been made on the property.”

Haus, could prove to be a disruptive force in the real estate industry or it could serve to streamline the offering process. Many Realtors fear that this would infringe on their business as quite possibly, For Sale By Owners (FSBO’s) may take to the site to sell their homes as a FSBO. But FSBO’s have been selling online for years on craigslist and other outlets. This may make is more streamlined for the FSBO, but it doesn’t the diminish the experience and knowledge base of a seasoned and professional real estate agent.

Agents should embrace technology , but know that not all apps or online services are created equal. Thus, the onus is on the agent to truly study the  strengths, weaknesses, benefits and disadvantages of each service. Haus, is not different from many other Offer Portal services we’ve seen in the near past ( especially during the REO boom). Haus is sleek and easy to use and it will help to bring some transparency and organization to the offer process, but the agent is still actively involved with the client. As the service stands now, we believe HAUS is another tool for agents to streamline their business. Stay tuned…

San Diego is one of the most dog friendly cities, we have beaches, hiking trails, cafes, bars, and stores that welcome our furry little friends.

With perfect weather all year round, who wants to stay indoors with their best friend when you have places to explore? This is our guide for the best San Diego neighborhoods dog owners should consider when choosing a home or to pay a visit with your best friend in the entire world!

1. Pacific Beach

What’s great about Pacific Beach is that everyone is dog friendly and its just a few steps away from one the most well known spots for your dog to have the time their lives! Fiesta Island is a big, off-leash dog park with a small bay where your dog can run around and play in the water. Outside the park, this neighborhood is known for its incredible options for dining and getting a few drinks. There are places like Enoteca Adriano, Pacific Beach Fish Shop, and our personal favorite Barrel Republic. Pacific Beach is considered a very walkable neighborhood so you’ll have no trouble finding a place fido hasn’t yet sniffed.

2. Ocean Beach

Ocean Beach is one of San Diego’s fastest growing communities. Home to Hodads and an amazing surfing culture the neighborhood offers a very dog friendly environment. Your friend will love the ocean breeze and the friendly attention from the neighbors. Ocean Beach is a great community with many restaurants, bars, and a plethora of locally owned businesses. Just a few miles out from fiesta island and sea world there wont be a boring day for either you or your pooch.

3. North Park

North Park/Hillcrest is San Diego’s hottest neighborhood right now. The neighborhoods flex with many offerings, nightlife and recreational options What make these neighborhoods special for your dog is being close to the city’s most beloved attraction: The Historic Balboa Park. It’s the largest urban park in the country, and is home to the world-famous San Diego Zoo and 80+ museums Dog-friendly Grape Street Park, Nate’s Point and Morley Field are all located around the park. Imagine how happy your dog will feel when taking out to all this space! You’ll be able to find plenty of spots to toss around that Frisbee.

4. El Cajon

Along the outskirts of San Diego, El Cajon is home to Wells Park, an off leash dog park that stretches out 1.4 acres. If you’re looking to move to the East county there is no better spot for your furry friend to run around in the grass and play fetch. This neighborhood is very friendly and up and coming with its nightlife scene. There are plenty of walkable areas so you won’t have any trouble taking your dog for a stroll through the neighborhood.

Nowadays, many of us have rented or know someone who’s rented an airbnb.

If you’re unfamiliar with the airbnb (click here), it’s a simple app that lets individuals rent someone’s home for a short amount of time. For some, this opened another stream of income without the headaches that come with long term renting. You have the opportunity to bring few extra bucks here and there and if you’re ambitious, grow it to become a main source of income.

With that being said,  we wanted to list some tips here on our blog for people who were seeking some advice, and were interested in renting out their properties airbnb style!

Know your Clients

Take a look at the property you’re thinking of renting and visualize the type of client that would consider staying there. Are you close to a business district? Is nightlife lively? is it located in a remote area? Understanding your niche will help give you leverage when marketing and pricing your airbnb. It’s not enough just to market to everyone, so really take your time here.

You have neighbors!

Some of you might have neighbors next door, or even above you if you plan on renting an apartment. Do you live in a quiet neighborhood with early bird neighbors? You need to keep this in mind when renting out to a client. It is important to have a good relationship with your neighbors if you plan on renting out your space. An angry neighbor could destroy your chances of an airbnb business. Remember to always be respectful and polite.

  • Be respectful
  • Be aware
  • Be professional

Marketing is key!

If you want potential clients to choose your listing you have to SELL IT. That doesn’t mean just putting up photos with your favorite filter, or writing up a cute description and thinking you’re done. Remember you are targeting a specific client, so tailor it specifically towards them. If you live next to a certain district highlight it, if you’re okay with them throwing a party and the neighbors are informed and approve it, help paint them that picture of a great party.

  • Target a specific group
  • Be aware of events
  • Know you’re neighborhood

Set the Rules

You want to be clear with your list of rules beforehand, but remember not to go overboard and scare all your potential clients. A printed copy of house rules will be the best solution in making sure your guests are clear on what they are. Some categories to think about would be:

  • Extra guests permitted?
  • Smoking?
  • Parties?
  • When are quiet hours?
  • Are Pets allowed?

Get the price right

Setting the price right can be tricky and requires constant updating. you don’t want to be over priced where no client would want to stay, or place it too low where you would be throwing away money. To learn a good strategy check out this article.

If you follow these tips you’ll be on your way to extra income in no time. So get out there and make sure this a fun experience for you and your clients. If you have any questions on investing in properties in the San Diego area for airbnb make sure to contact us today!

Three options to take selling your home, when divorce is the only option.

Look sometimes marriages fall apart, it’s the elephant in the room no one wants to talk about. When this happens what exactly are you both supposed to do if you have joint ownership in arguably your largest asset?

Here are a couple of options that will allow you both to have a roof over your head. Take a look below.

Option 1: Split the profit

Sometimes the easiest method is to just sell the home and split the profit. It could save you both a lot of time and give the least amount of headaches.

However, you might need to consider what the market is saying. If the market is down you may want to hold back and consider to rent out the property instead.

Now let’s say you’d be able to sell at a profit, you’re going to want to watch out for capital gains tax. An individual can exclude up to $250,000 in capital gains on the sale, and a married couple filing jointly can exclude up to $500,000. So with this in mind you might be able to find more flexibility. Consider agreeing to use that money to pay off the legal expenses of your divorce.

That said, many people are understandably attached to a home, or decide that remaining in it is best for the children. In which case, consider the next option.

Option 2: Buy out or get bought out

Before you make the decision buy out your partner, it’s important to find out if it’s financially attainable. And, although it may be extremely challenging-  it’s important to remove emotion from the equation. At this point is about moving forward with your respective lives and being able to grow as an individual.

I had a client who wanted to keep her Five bedroom home although her two adult children were leaving in the summer for college. I asked, “ What’s this house going to feel like in a few months? Are five bedrooms top priority for you even with the kids leaving? Would it make more sense to sell your home and rent or buy a smaller property within the same community?” As difficult as it was for her to make it a “Business Decision”, she decided that a five bedroom home for her alone was too much and did not make sense.

Whether you’re the partner staying or going, make sure the buyout terms sound fair and accurate.

Whether buying your former spouse out or being bought, be cautious. I recommend paying for an appraisal to determine what the current market value is or reach out to a real estate agent ( you can call me) to obtained a detailed Broker Price Opinion (BPO) on the market value of the property. Once you have a clear idea of what the home may be worth , you can negotiate a “purchase/buy out price” . If the amount being offered doesn’t sit well with you—on either side—don’t feel the need to settle, obtain a second appraisal  or BPO before moving forward.

Option 3: Delayed buyout

If you (or your spouse) wish  to keep the home but you’re unable to purchase it at that moment, another option would be to delay the buyout.

For this the spouse that stays will continue to make monthly payments until he/she can afford to buy out the other.

Be ready for the potential headaches if you are choosing this option. Long-term ones. This option may lead to conflict or tension  as typically the spouse waiting on the payout may, and frequently, becomes inpatient.  And, emotionally, the real estate is still keeping you tied to one another versus being able to move on.

If you’re the spouse whose allowing your former partner to stay in the home, you’re in a vulnerable situation, particularly  when it comes to credit. Since, more-than-likely your name still appears on the mortgage, the balance of that mortgage will continue show up on your credit. And, I can’t tell you how often I’ve seen credits be ruined by an angry former spouse who refused to make payments out of spite.  This situation leaves you exposed to the possibility of damaging your credit and negatively affecting your ability to finance future purchases.

The best policy to avoid any messes is to bring all the what-ifs with a lawyer, and come up with a written plan of action. What if mortgage payments can’t be made? Who will do and pay for repairs? If these worst-case scenarios get addressed, it will help eliminate potential headaches.

Once you decide on a plan, don’t procrastinate- put your plan into action immediately so that you may move on and be happy again. A happier you, is a BETTER YOU!