Traditionally the summer season is a fairly quiet one in real estate. Last summer during the pandemic, that certainly wasn’t the case. During the shutdown, with limited places to go for recreation and food, satisfaction with where you lived became more important than ever. With the proper protocols in place, many people decided to move…the real estate market was extremely active.
This summer, it seemed as soon as the school year ended, folks jumped on airplanes. We experienced the same as other agents in the Bay Area and noticed fewer people attending our open houses, and fewer multiple offer situations. And yet, Natalie and I have had 10 transactions since the end of July: 7 listings, 3 buyers.
As busy as we might be, our goal is for each client to feel as if they are the only clients we’re working with. Being responsive and present is the key.
We’re extremely grateful to our home sellers and homebuyers for trusting us to handle one of the most important transactions in their lives. Massive thanks as well for their kind reviews. We beg your indulgence as we include a sampling, here.
“Frankly, I don’t even know where to begin. Simply put- Derek & Natalie knocked it out of the park as far as we are concerned.
Any Realtor can show you property, present an offer and, to differing degrees, negotiate on your behalf. Our time with Derek & Natalie, although fairly short and efficient, was complicated. First, the market is tight in the neighborhoods that appealed to us. Second, we made an offer, had it accepted, and went to contract, all within 24 hours.
Then the complications (self-inflicted!) started. We had buyers’ remorse. Derek talked us off the ledge, spoke with the listing agent on our behalf, and had them return our contract deposit. FURTHER, he negotiated on our preferred choice (which was previously under contract with someone else) for substantially less $ than we would have had to pay a week prior.
What’s also important to note is that Derek knew each and every listing agent for the properties that we toured. There is no doubt that these relationships, and the quality of his reputation, allowed for productive, fair, and efficient negotiations at each step along the way.
It is perhaps worth noting that we have completed more than 20 residential sales and purchases in California and elsewhere. We have seen the value that a great broker brings to the table — Derek and Natalie rose to this challenge. We ABSOLUTELY recommend them.”
“Natalie and Derek, Derek and Natalie: no matter how you say it, it comes out TEAM EXCELLENCE!
We sold our property, with partners Natalie Rome and Derek Chin from Compass, in Summer 2021, with Natalie as our lead. We worked directly with Natalie during the four-month interval of marketing and sale, this interval coinciding with the coronavirus pandemic, and all its attendant hassles. We were living in San Diego to boot! Natalie is always very positive, attentive, and thorough.
A seasoned Realtor, she is extremely knowledgeable about the real estate business and the San Francisco market. Natalie is not just another well-put-together realtor with a friendly face and a salesperson’s aura. She is experienced and adept at the financial side of real estate, to a degree I have not encountered in other realtors. She saw to every detail of our very challenging sale, which involved issues with our building and an adjacent building project! She guided us through the selling processes with calm, ease, and professionalism, even through some unexpected house repairs. Using her sage and savvy advice, and tons of marketing creativity, we were able to sell our listing. Natalie always made herself available to answer (and re-answer!) our (sometimes lame) questions in a kind and timely manner. As we live in San Diego, she was always ready and willing to run over to the unit to check on something we needed. She asked all the right questions at the right times, but we never felt we were being led or pushed. And when she needed to be away from her office, Derek was at the ready and answered questions and allayed our concerns as they arose. Thanks, Derek! It was an absolute pleasure and privilege working with this “A” team. We enthusiastically recommend Natalie and Derek to anyone in need of home realty transactions in San Francisco.”
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“Derek is an absolute pleasure to work with. He is very responsive, professional and gives valuable information. He has a calm demeanor that helped me and my husband tremendously at the most stressful time. He is available 24/7, patiently answering all our most ridiculous questions. Home buying is stressful and he helped us navigate through some tough decisions and information that we truly cannot understand.”
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“I just bought my second house with Natalie and Derek. I worked most closely with Derek to purchase my first, and most closely with Natalie this time, but both times I had a responsive, knowledgeable, experienced Realtor in my corner. I appreciate that they both give their real opinion on a situation – I never felt like they were painting a rosier picture than reality or pretending to like a place if they didn’t. I also sold my first home with them this time and they walked me through a process I had no understanding of, made my house look gorgeous, and got me a great sale price. I texted Natalie every second for the past three months and she was always cheery and knowledgeable in her responses. They know their business backward and forward and will take great care of you.”
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Do we win over every potential client we meet? Of course…not. Rejection is difficult to take, every time. But we happily and confidently get to work with those who want to work with us, and that’s a tremendously good thing.
Till next month – Stay healthy, safe, and sane.
~ Derek & Natalie, Mo, and Arwin
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by Patrick Carlisle, Market Analyst for Compass Bay Area
September 2021
Economists generally believe there should be a rational equilibrium in the cost of housing of different housing types. But after the pandemic hit, supply and demand shifted dramatically: SF median house prices are now up 13%, condo prices are flat, and rents are down 17%. However, in 2021 all 3 have been rebounding in close to parallel trend lines.
Click the above image or here to view the entire report.
Tell us what you think! We’d love to hear from you.
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New Listings | Just Sold | Announcement
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This month it’s hats off to Jason and Casey, who persevered through the tough buying market in San Francisco and stayed the course into the summer.
They snagged their dream 1st home in their dream location for a great value/price and it was their first offer to boot.
Summer slowdown and staying in town and focused have their benefits. Now, they are off to their first mini remodeling project using our recommended vendors.
Congrats Jason and Casey, and thanks to Dave K, a longtime great client for referring them to us!
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Data breaches are becoming more regular these days, so checking your credit periodically is important. Equifax, Experian, or TransUnion are three sources for doing so. Typically, under federal law, consumers are allowed to pull each report one time per year for free (there are plenty of sources now that can get you a report, though some will charge you). But thanks to a Covid-era law, you can currently check your report from each of those bureaus for free each week until April 20, 2022. AnnualCreditReport.com, a site authorized by federal law to provide a report from the three bureaus.
* Demand is returning in the London rental market with a vengeance where rents had dropped up to 24% during COVID, this mirrors what’s happening in New York City and other large cities where ferocious multiple bids on rentals are becoming the ‘new normal’ and price recovery has accelerated.
* Here are some GOLDMAN SACHS market insights we thought were worth sharing about the economy through 2022
– Corporate margins are healthy and are back to pre-pandemic levels.
– Tax reforms could derail this in 2022, so this needs to be watched.
– They see rates remaining low all the way through 2022.
– Rates may increase more modestly with the 10-year Treasury estimated to be at 1.6% by the end of 2021
– Cash is basically yielding zero when inflation is factored in: equities and real estate are attractive alternatives in this environment.
– Corporate buy-backs are at record levels.
– Households have $1 TRILLION more in cash than pre-pandemic.
– GDP growth will be strong in 2021 and then more modest in 2022.
* Who wants to live like Carlos Santana? Now you can! ~www.21TaraHill.com
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Plans for Development of Key SoMa Site Closer to Reality
In exchange for the additional height and density afforded by San Francisco’s Central SoMa Plan, new office developments in the area are required to incorporate ground floor Privately‐Owned Public Open Spaces (POPOS) which are easily accessible, including on weekends and evenings, and “open to the sky.”
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The New York-based burger chain has been collaborating with chefs for eight years as part of its brand under the moniker “Now Serving.” Shake Shack is bringing back that series for 2021 with Crenn and five other chefs, with Crenn running the San Francisco Now Serving show with a pop-up at the Marina location of Shake Shack.
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The biggest show this month in San Francisco is Hamilton at the Orpheum. It is the first Broadway show since lockdown and runs for four weeks. You can see the last few performances through September 5. Visit this page for more theater shows in SF this month.
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Aiming to prove that middle-aged dogs can learn new tricks, here’s a quick look at how we’ve adjusted to our current landscape for our selling clients. (Woof!)
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Visualizing your Upgrade:
Curious to know how Compass can transform a listing and improve its sale price?
Compass Lens uses Artificial Intelligence (AI) to visualize the potential of your space! See exactly the difference working with us can make.
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Video Creator:
We’re able to make quick (10 seconds or less) videos of our listings with essential details to our social feeds.
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Dynamic Digital Brochures:
Home features will come to life inside this dynamic, digital brochure while creating an immersive experience for even the most discerning of buyers. Pages will turn and videos will play while allowing us to capture real-time data and actionable insights from potential buyers.
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Mobile Listing Ads:
We’ll run geo-targeted mobile ad campaigns to reach buyers in the right place, at the right time. Now more than ever, buyers and sellers are spending most (if not all) of their time at home. We’ll create a geofence around the neighborhoods where you’d like your ads to be seen. These ads will appear in mobile apps and will re-target viewers on their desktops and laptops.
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All of this is designed to bring proper exposure to our wonderful listings, and encourage eager buyers to make safe, virtual visits before making safe, in-person visits.
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Since Compass launched in 2012, we’ve been simplifying the real estate process one community at a time. Today, we have more than 250+ offices extending from coast to coast.
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Please let us know if you or a friend/colleague needs a fantastic agent in an area other than San Francisco. Through our network we can make the connections and introductions and help to find a perfect fit.
If you like what you have received, we encourage you to share it with your friends and follow us on Facebook & Instagram.
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© Compass 2021 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity.
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