Monday, October 22, 2012

The Beauty of Color… Paint!

Painting is the fastest and easiest way to transform your home.  A coat of fresh color on the walls breathes life into any space - and decorative paint techniques go a step further, adding dimension, drama, and distinctive personality.  

Color is key to your room’s personality and combining new colors and decorative techniques will make your home and rooms come alive.  I am sure we have all painted a room whether it be in preparation of a newborn coming home, or getting a home ready for sale.  Here are several tips to keep in mind when taking on this fun project:

  1. ‘Preparation’ is the key to any great paint job.  For starters, sand away any flaws and create a smooth surface to work with
  2. Be sure to fill holes and patch cracks with joint compound prior to slathering your color of choice
  3. Use tinted primer: Tinted primer does a better job of covering the existing paint color than plain primer, so your finish coat will be more vibrant and may require fewer coats
  4. Eliminate brush and lap marks with paint extender.  The secret to a finish that is free of lap and brush marks is mixing a paint extender - also called a paint conditioner, such as Floetrol into the paint
  5. Finish one wall before starting another: Pros get a seamless look by cutting in one wall - painting along the edges - then immediately rolling it before starting the next.  This allows the brushed and the rolled paint to blend together better
  6. Box the paint for consistent color: The ‘same’ color of paint can vary between cans.   To ensure color consistency from start to finish, mix the cans of paint in a five gallon bucket, a process called ‘boxing’
You are now ‘armed and dangerous’ to give your place a fresh, new look.  If you do not feel comfortable and prefer to delegate the task, feel free to reach out to me and I will give you some strong recommendations of Painters in the City.

Tuesday, October 16, 2012

A Glance at Distressed / Foreclosure Activity

Compared to National (and State) activity, Foreclosures in San Francisco have been a minute percentage of the market – particularly in the desirable parts of town.  I believe this is a true testament to the wealth and resources found in San Francisco and its micro-economy, overall.  Let us have a closer look at some stats…

Per, pre-foreclosure activity in San Francisco has remained relatively flat over the past two months with 375 properties in the pipeline, 35 percent of which are in District 10 (i.e. Bayview / Hunters Point) versus 33 percent two months ago when a total of 378 San Francisco properties were in the pipeline.  On a year-over-year basis, pre-foreclosure activity is down almost 40 percent with over 600 properties in the pipeline at the same time last year, roughly 35 percent of which were in District 10 (which is likely the least desirable sub-district in the City) – hopefully this gives you some perspective.  

Per, on a more macro (overall California level), September 2012 California Notice of Defaults were down 20.7 percent from the prior month, and down 48.1 percent compared to last year.  There has been speculation that the banks would rush to clear inventory before the CA Homeowner Bill of Rights takes effect in January, 2013, causing an increase in the number of foreclosures.  Clearly, this is not the case as we continue to see the number of Foreclosure Starts decline.  

The above data is very encouraging and supports the over-the-ask / multiple bid activity currently experienced in San Francisco.  Feel free to reach out to me to further discuss the San Francisco real estate market and what I anticipate looking ahead.