Friday, April 3, 2015

New Listings, Open Houses and Property Tax Reminder

I hope that Q1 has been good to you and your family.  My Q1 2015 Real Estate update is in progress so I will send that out shortly so stay tuned.  In three sentences I would say that we are in the most aggressive Seller’s market I have seen in my 12 year career.  If you are a Seller I would sell now while things are going well, as a Buyer let’s make sure we sit down and strategize how to win in this market.  Investors there are still a few locations that may get good rent, but overall flipping is a risky bet as there maybe a slowdown around the corner.

Interest Rates

I never imagined that interest rates would be at another low.  I am refinancing again, let me know if I should connect you with my loan agent to look at your loans.

New Listings and Open House Schedules this Weekend
  • 2284 Avila Avenue in Santa Clara - www.2284Avila.com – This property has been taken down to the studs with a complete re-model with meticuluous detail.  High end upgrades throughout the home on a corner lot.  Property is open from 1PM to 4PM Saturday and Sunday
  • 216 O’Keefe in Mountain View – www.216OKeefe.com – Highly coveted Townhome in the Mondrian community with over $80,000 in upgrades.  Located in Mountain View, steps away from Downtown Castro, Caltrain, Linkedin, Google, Mozilla, Coursera and so many more! The Open House is from 1:30PM to 4:30PM
  • 3530 Oakwood Terrace in Fremont – www.3530Oakwood.com – Ground floor Condominium with tasteful updates, an oversized balcony that overlooks the greenbelt and pool.  Community is private and gated don’t miss this gem!  Open house from 1PM to 4PM
Property Taxes are Deliquent on 4/10

A reminder that property taxes are deliquent on 4/10 and the county is NOT flexible on dates so avoid a penalty pay today!  For your convenience here are the links to the county websites:
I wish you the best for the rest of the year.  Thank you for all of your trust as of this month this will be my 12th year in the business and none of this would have been possible without your support and referrals!

Regards,

Alan

Wednesday, March 11, 2015

KW Leadership Award and Top Associate in Closed Units and Production


We are pleased to announce that Alan Wang takes home the Keller Williams Cupertino Leadership award and Top Associate in Closed Units and Production!  Thank you all for your continued support!


Wednesday, March 4, 2015

Give the Fat Boy a Chance

It was another beautiful summer afternoon in the Silicon Valley.  Many employees gathered after work to play basketball near one of the main gyms on campus.  We went through and did the free throw shoot around to determine teams.  As I looked at my teammates, one of them stood out to me.  He stood about 6 foot 3 and must have been about 300+ pounds.   As the game began, I was running point and doing my job of distributing the ball around to my teammates to set the flow of the game.  As I guarded my opponent, I timed his crossover and punched the ball out for a turnover.  I start running down the court looking for any trailers on my team.  As I looked up there he was, jogging down opposite side of me.  I did an overhead pass to him and with a grace I had not expected he glides down the lane, finger rolls the ball gracefully off the backboard right in for the score.  He turns around back down court, put his hands up, shrugged his shoulders and hollered out “give the fat boy a chance, give the fat boy a chance!”

People are More Than Search Criteria

How often do we as human beings judge those around us?  With the abundance of information on the Internet and now our dependence on mobile devices, there is a firehose of information that is grasping for our attention every millisecond of the day.  In order to make sense of this large distorted unstructured quantity of information, we naturally compartmentalize, modularize and filter down this information so that we can process it.  This is at the core of why search is such a powerful tool in whatever software or applications that we depend on in our daily lives.  However, we as a society have boxed ourselves in with this way of thinking.

The Home Buyer

I got off a call with a potential real estate client and it dawned on me how much this is ingrained in us.  The majority of new customers I interview in that first requirements meeting, often immediately jump to the search parameters right away, rather to what they are really looking for.  The question I love to ask is what is your dream home and what does that look like.  Customers often get stumped and take a moment, but then the real story comes flowing through as they are allowed to dream a bit.  In that daydream is where I get the humanity of the person rather than the mechanical search criteria’s we are so programmed to enter into a web form.  Because at the core of a person you will find what they are really looking for and often that which they didn’t even know about themselves.  You find for the parent they are looking for a safe area and yard space for their children to play, a neighborhood of kids, a great school for their kids to thrive or a fully re-modeled home that requires little work.  The younger working professional is the complete opposite of the parent and really wants to live in a place surrounded by festivities, be close to work, wants newer properties with very low maintenance.   You may meet the retiree that have been through both of those phases and are thinking about how to structure their home for their children, having trouble handling the large amount of yard work or paying off the home and minimizing the tax burden as they no longer have income.  These are some examples of what we as human beings think and worry about in our lives and it is so much more than boxes in a search form.

Great Job but…

I once interviewed a candidate for a development position.  He had all the right skillsets, tools and experiences that we needed.  At the time the decision was to put him in a contractor position.  So we put this person at the forefront, developing the core of our system.  A year later, his work was front and center of production code and literally very few bugs where found.  I then advocated that we should bring this person on full time.  The answer I got was the school he went to would never pass our high standard for hiring.  I could not believe this answer.  This type of thinking is weeding out a large amount of ambitious talent that may not have had the resources or desire at one point in their lives but have evolved and found it at a later time.  In your companies’ battle for talent, try to see past the standard checkboxes.  There are many talented people that are hungry and looking for an opportunity.

Top Talent

Having worked at Technology companies for over 13 years, I have watched hiring practices play out in day-to-day execution.  Companies in the valley focus on this idea of “top talent” often defined by a narrow set of degrees with a narrow set of top schools.  What I have seen is that there is a high quality of smart individuals brought in but they often end up working on mundane tasks.  There are a limited amount of top priority cutting edge R&D projects as compared to the bugs that need to be fixed in existing code every day.  Why are we so obsessed with finding top talent?  In fact a staggered team makes more sense so that not everyone is not for the same promotions.  A tiered team of Junior, Mid-level, Senior and Architects would also ensure there is work that is challenging for each level and encourages collaboration to help each other improve their skills together.

Measuring Heart

I will never forget an interview candidate that I was interviewing for an Engineering position.  Question after question he could not get to the answers that I was asking.  At the end of the interview I was perplexed and I was a sure no on this candidate.  A few days later my Manager and I de-briefed and I mentioned how he could not answer any of my questions.  My Manager looked up at me with a confused look as he had asked similar questions to mine and the candidate passed with flying colors.   We both stopped for a moment and concluded that he studied and learned Unix in a day.  In many companies my “no” would have meant this candidate would not have gotten the job and we would have continued looking.  But in this instant, we saw the passion and work ethic of this individual and decided this was a person worth bringing on-board.  Just a few years later, this hard working employee climbed the ranks quickly and is now a principal engineer.  To think we would have missed out on this talent if we had followed standard protocol.

Look Around You

Look around you at your peers, those you manage, your family and your friends.  Do any of these people have the potential to be that top talent you have been desperately looking for?  A true leader identifies undervalued talent and turns them into superstars.  Is there someone around you looking for a chance to show you that they can do the job with passion, heart and effectiveness?  Give them a chance and they just might exceed your expectations.


PS> If you were the teammate who I played with so many years ago, send me a message I’d love to catch up, you inspire me!

The source of this blog can be viewed on Linkedin https://www.linkedin.com/pulse/give-fat-boy-chance-alan-wang

Monday, February 23, 2015

Alan Wang Realty Wins Top Honors at Keller Williams!

Never would I have imagined that helping people with their real estate needs would have helped me earn this top award at Keller Williams landing in the top 1% of Realtors in Northern California and Hawaii.  I remained humbled and thank each and everyone of you for your referrals and trust over the years.  Could not have done it without you!


Friday, February 6, 2015

New & Upcoming Listings and January Market Update

I hope you and your family are having a wonderful start to the new year.  I wanted to send a quick market update even before my usual Q1 update since there is so much that has changed since last year that you should be aware of real time.

November and December Re-Cap

In my previous update, August to October was actually a very slow market for Seller’s.  Buyer’s were exhausted from 2 and a half years of price bidding wars and many were priced out of the market.  However, November and December with the seasonal drop in inventory, coupled with the Federal Reserves signaling of rising rates created a flurry of demand once again and kick started our local market.  Also interest rates have actually fallen in those months with 30 year fixed rates dropping back below 4%.  Silicon Valley buyers have become very bullish on neighboring cities especially in Sunnyvale with all the planned commercial real estate and higher growth planned for the area.

January Update

January and February picked up where we left off last year.  Inventory levels are even lower than the Thanksgiving and Christmas months and interest rates have actually fallen in anticipation of the mid year rate hike signaled by the Federal Reserve.  Homes are seeing 10 to 20 offers consistently.  Single Family homes remain popular though in the prime locations are out of reach for most.  Buyer’s have finally adjusted to this fact and are going further out of the prime locations and competing for homes further.  What is interesting is that I have seen a re-focus to Condominiums and Townhomes from those that wish to stay close to prime locations and be close to work.  Buyers have realized that Single Family Homes are out of reach so they are lowering their expectations and focusing on this class of homes.  Inventory of Condominiums and Townhomes are even lower than Single Family Homes in Santa Clara County.

Seller Advice

If you have been contemplating selling your home and felt that you missed the window last year, you now have a second chance where multiple offers are guaranteed in most locations.  The key issue to monitor is that inventory is increasing week by week with upcoming Spring and Summer inventory, this advantage may not last long.  There is also quite a large amount of New Home Construction inventory coming online as well.  Also if you don’t want the hassle of prepping your home for sale, we have a long list of qualified and financially strong Buyer’s that can buy your home with little hassle.  Ask me for a custom strategy for your home.

Buyer Advice

Many of our clients have been losing out against 10 to 20 other competitors on homes this month.  Do not be frustrated as the Spring and Summer inventory comes more of those Buyer’s should be in homes and there maybe more choices for you.  The caveat is that prices will continue to increase so the sooner you can get in the better.

Interest Rates

The one item that could put a stall in this boom are interest rates.  Even a quarter point increase in rates could price many people out of an already high priced market.  The tech sector does remain strong and as long as the stocks continue to have good returns, the downpayments will be there for many.

Listings and Upcoming Listings

As our clients you get the sneak peak on listings on the market.  Let me know if you would like a private showing of any of these homes.
  • 514 N. Cascade Terrace Sunnyvale – Lovely Townhome conveniently located off W Fremont and Sunnyvale Saratoga.  Open house this weekend from 1:30PM to 4:30PM.  Excellent schools Nimitz Elementary (870 API) and Cupertino Middle (935 API).  Offers due Wednesday at 10AM
  • Lafayette Street and Memorex Drive, Santa Clara – This Single Family Home is being re-done, target on the market is March.  Available pre-market at a discount if an investor or primary home owner wants to manage this project to the end.  Property being expanded and fully re-done with high end upgrades
  • Race Street and Eugene Avenue – Re-modeled home with a basement that was fully re-done.  Major upside potential for a rental or an investor
  • 580 San Remi Terrace in Sunnyvale – Listing is the pulse of this new market.  We had 25 disclosure packages downloaded and 14 offers!  Another Townhome down the street had 12 offers and similar results
I wish you all a great start to the New Year.  If you have been contemplating a real estate move, let’s schedule a strategy session to discuss how we may be able to help you make your real estate dreams into action.

Regards,

Alan