Gay Realty Network

Real Estate News With a Gay Slant

Harvey Milk’s American Diner Closes in the San Diego Gayborhood

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Harvey Milk’s American DinerToday the official closure of Harvey Milk’s American Diner was announced. The online announcement, by owner Frank Lechner, stated that the diner was officially closed for good and that all the employees had been paid. LGBT Weekly reached out to Lechner for comment but he was unavailable at press time.

LGBT Weekly did speak with employees who indicated they had been paid but were asked to sign a document releasing Harvey Milk’s American Diner from any legal action. One source indicated that each person was offered two days “bonus” pay if they signed the legal document which also indicated that the employee was paid in full.

Sources indicate that some employees refused to sign because they had begun action with the San Diego Labor Board. According to the Labor Board Web site, Harvey Milk’s may be liable for one day’s pay to each employee for each day beyond 72 hours after closure that the employee did not receive their wages. That means the diner owed many employees 16 days additional pay not the two days of bonus pay offered.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

See the Full Story at LGBT Weekly

Click here for gay realtors, mortgage lenders, and other real estate professionals in San Diego.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Is it Time for a San Francisco Real Estate Correction?

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San FranciscoSan Francisco is arguably one of the hottest real estate markets in the nation. Fueled by the technology economy, it has a limited supply of homes for sale, which has resulted in fierce competition and sky-high home prices. Rents also have grown in tandem.

“Have things cooled down a little bit? Yes. However, the properties that are still priced right and properly prepared, it’s a 10-to-12 day market,” said Jeff Salgado, a partner with McGuire Real Estate.

San Francisco home prices were up just more than 10 percent in July, according to the latest S&P/Case Shiller home price indices. It was the only one of the top 20 U.S. markets, however, to see a monthly price decline, down 0.4 percent from June on a seasonally adjusted basis. “It’s their comeuppance,” declared Nobel laureate Robert Shiller, co-author of the indices on CNBC recently. “They were the most bubbly city. It’s time for a correction.”

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Diana Olick – See the Full Story at CNBC

Click here for gay realtors, mortgage lenders, and other real estate professionals in San Francisco.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Is Hunter’s Point on the Cusp of Gentrification in San Francisco?

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San Francisco Shipyard

Just six miles from San Francisco’s increasingly expensive downtown is Hunters Point, a historically blue-collar neighborhood southeast of the city, which has been neglected since the shipyards closed in 1974 amid radiation contamination so bad it was declared a Superfund site. Today, 30 percent of the area’s residents earn less than $10,000 a year.

“This is the San Francisco America pretends does not exist,” author James Baldwin wrote in 1963. And this has remained the case for years, until very recently. As a housing crisis grips San Francisco and there is nowhere left to expand but south, it has begun to change. Because radiation and crime can apparently only scare developers away for so long.

In one of the largest real estate development projects in the U.S., Lennar Urban, part of the Miami based Lennar Corporation, is investing $8 billion to build “The Shipyard”: 12,000 homes for up to 20,000 people, 3.2 million square feet of office space, 800,000 square feet of retail and 300 acres of parks. Home prices range from $450,000 to $900,000. And Lennar’s leaders are positing Hunters Point as an “innovation district,” a high-density, tech-centric space for startups and tech workers.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Nellie Bowles – See the Full Story at Re/Code

Click here for gay realtors, mortgage lenders, and other real estate professionals in San Francisco.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Home Value Increase P.2

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Professionals Answer: "How Do I Increase My Home's Value?"

A common question sellers ask is “What can I do to get the maximum selling price on my home?” Since each home and every market is different, we, as your real estate professionals, can give you specific advice on your home. In general, however, if you’re willing to spend a little bit on some minor upgrades, a higher return on your investment can be significant. We covered the “no-to-low cost” items in part 1 of this series and in this post we suggest some low to medium cost options for improving that selling price.

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If you have a little money to spend, the next items on your list should be these easy improvements:

  1. Paint. In terms of “bang for your buck,” paint is your best friend. Gone are the days when you should paint everything white, but covering smudged or dirty walls with a pretty neutral color (off-whites, grays, creams and earthy tones) brightens your walls, covers over a host of slight imperfections and freshens their look without breaking the bank. A contrasting color on trim and woodwork brings out architectural details. Add a new coat of paint on the ceilings — paint these white or a light off-white— to brighten and light up a room. Paint the front door, too! A bright, cheery front door adds a welcoming touch.
  2. Update light fixtures. Ceiling lights, vanity lights and exterior carriage and porch lights are inexpensive items to update. Often, larger home-improvement stores offer “contractor packs” of multiple light fixtures for a lower price, so you can update all the rooms.
  1. Change out electrical outlets and switch-plates. Simply updating outlets and outlet covers, light switches and switch-plates can give a home an updated appearance. As with light fixtures, electrical components often come in contractor packs. If you are not comfortablechanging out the switches and outlets yourself and don’t want to hire an electrician, just change out the covers.
  2. Replace bath fixtures. New faucets, along with towel bars, hooks and other matching pieces bring a brand new look to most bathrooms. Make sure your shower curtains are clean, fresh and neutral. If you have the extra money, changing out the toilet for a new water-saving low-flow toilet is an effective upgrade. Along the same vein, if your lavatory sink is cracked, stained or chipped, you may want to switch it out for a new one.
  3. Kitchen hardware and faucet. Just as simply adding new fixtures improves the bath, a new faucet and fresh, updated hardware on your cabinetry can freshen and upgrade the feel of your kitchen. Make certain that cabinet latches are not broken and drawer glides all work properly. Re-paint painted cabinetry and clean and re-stain finished wood cabinetry.
  4. Fix or replace your front door. Sometimes paint is not enough. If your pets have scratched your front door, or it has dry rot, is swollen, or the layers are separating, consider replacing your door with a new one. In moisture prone areas, or for safety concerns, consider using a steel door, perhaps one with a decorative window. You can even give your steel door a wood look with a faux wood-graining kit.
  5. Upgrade your garage door. Especially if your garage door is visible from the front of your home, consider painting or upgrading your garage door.

Let us help …

We can assess the potential R.O.I. for these and similar upgrades to your home. Call us for an evaluation of your home’s fair market value.

Compliments of Virtual Results

Home Value Increase P.3

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How Do I Increase My Home's Value?

A common question for prospective home sellers is “How can I increase my home’s value or get a higher selling price?” In our earlier articles on this subject, we discuss low budget and economical fixes and upgrades that can increase the perceived value of your home. In this article, we discuss those higher cost items that only give you a high return on your investment if you have high equity in your home or will lose more money if it doesn’t sell quickly.

Many buyers look for a home they can move into immediately. While the specifics depend on the age and condition of your home, here are the priority renovations that increase your home’s appeal and return on investment potential.

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Kitchen

No matter what the other advantages of your home, if the buyers do not like the kitchen, they are less likely to make an offer. So, if you’re planning major upgrades, head to the kitchen first.

  • Paint, refinish or replace the cabinets. If your cabinets are dated, damaged or dark, consider replacing them or painting them with a lighter, newer version that still fits into the home’s style. If you’ve never painted cabinets, consider hiring a professional since they are more difficult than painting walls, and poorly painted cabinets actually decrease the appeal of your kitchen.
  • Replace countertops. If granite is all the rage in your neighborhood and comparable homes have granite countertops, consider this upgrade. Granite requires professional installation to measure, cut and polish the rock correctly. A less expensive version, granite tile, is easier to install, but has less overall value.
  • Add new appliances. New, matching appliances including ovens and stovetops or ranges, dishwashers, refrigerators, microwaves and refrigerators instantly update a kitchen.
  • Upgrade lighting, fans and fixtures to match the style of your new cabinets and countertops.
  • Kitchen floors with carpeting, vinyl or worn and broken tile should be replaced with new ceramic or other tile, wood, or another new product. Make sure you only replace kitchen floors with flooring that can handle the traffic, spills and constant cleaning that a kitchen requires.

Bathrooms

No new homeowners want to feel as if they are using someone else’s bathroom. Replace the vanity, sink and toilet. Use low-flow toilets, water-saving faucets and other green products. Replace the floor and shower surround with a neutral tile. If your bathroom has a built-in tub/shower replace it or have it professionally refinished to look fresh and new.

Living areas

Carpets harbor dirt, dust mites and stains. Replacing the carpet in major living areas with hardwood increases the visual appeal of your home. As an instant upgrade, hardwood gives your home that updated look. It also attracts buyers that cannot live in carpeted homes for health reasons.

Heating, air conditioning and water heater

These major home appliances often are out-of-sight and out-of-mind, but a new buyer wants to know they’ll work when they need them.

Exteriors

To increase the value of your home, improve the “R” rating and make your home more economical, consider replacing the roof, insulation, siding and windows. If your home has hail or other storm damage, check with your homeowner’s insurance to see if they will cover the replacement. Using better quality, energy-saving products gives your home more curb appeal and buyers know they won’t have to worry about leaks and drafts when weather hits.

Let us help …

We can assess the potential R.O.I. for these and similar upgrades to your home. Call us for an evaluation of your home’s fair market value.

Compliments of Virtual Results

Featured Gay Friendly Realtor: Todd Moeller, Corona, California

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Todd Moeller - Long BeachPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

Todd is honest, and has a ridiculously strong work ethic, and will represent your interests when buying or selling real estate on the Corona area.

See Todd’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in the Inland Empire

How Interest Rates Impact Family Wealth

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How Interest Rates Impact Family Wealth | Keeping Current Matters

With interest rates still in the low 4%’s, many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year. If you look at what the experts are predicting for 2015, it may make the decision for you.

Predictions for 2015 3Q:

Even an increase of half a percentage point can put a dent in your family’s net worth.

Let’s look at it this way…

The monthly payment (principal & interest only) on a $250,000 home today, with the current 4.1% interest rate would be $1,208. If we take that same home a year later, the Home Price Expectation Surveyprojects that prices will rise about 4% making that home cost $10,000 more at $260,000. If we take Freddie Mac’s rate projection of 4.8%, the monthly mortgage payment climbs to $1,364. Some buyers might not think that an extra $156 a month is that bad. But over the course of 30-year mortgage you have spent an additional $56,160 by waiting a year.

 Mortgage Rate Projections | Keeping Current Matters

For more information on Orange County Real Estate, please visit us our website or Like us on Facebook

Todd Moeller
Seven Gables Real Estate
5481 E Santa Ana Canyon Road
Anaheim Hills, CA 92807
Todd@themoellerteam.com
(714) 404-9540
BRE#: #01762788

Featured Gay Friendly Realtor: Todd Moeller, Long Beach, California

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Todd Moeller - Long BeachPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

Tom is a Long Beach Realtor who is honest and has a ridiculously strong work ethic. He will represent your interests whether you are looking to buy or sell a Long Beach area home.

See Todd’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals

Featured Gay Realtor: Bill Thon, West Hollywood

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Bill Thon - Gay Real Estate AgentPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

Bill Thon helps buyers and sellers with high end realty in Los Angeles, West Hollywood, and Beverly Hills.

See Agent Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals

San Francisco Homes See Fastest Appreciation in the Country

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san-franciscoHomes prices all across the country have rebounded sharply from the housing downturn. CoreLogic, a real estate information firm, reported that over the past year, prices rose in 371 of the 401 metro areas it tracks. But 10 metro areas, as defined by the U.S. Census, have experienced the sharpest increase, ranging from 11.4 percent to 20.5 percent, according to Kiplinger magazine.

Not too surprisingly, the San Francisco metro area leads the list with the median price up between 13.4 percent and 20.5 percent, according to the magazine. In fact, their survey found prices have come all the way back – or even surpassed – their peak levels of 2006 in many communities.

“Demand has outstripped supply in the nation’s most-expensive housing market for decades,” Kiplinger reports. “This is what happens when high population growth meets geographic and regulatory constraints on new housing construction.” The publication said that another tech boom fueled by an influx of social media companies to the Bay Area (San Francisco, Oakland, Vallejo) is again driving up home prices.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Mike James – See the Full Story at California Home

Click here for gay realtors, mortgage lenders, and other real estate professionals in San Francisco.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com