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McGuire Real Estate Welcomes Tessie and Dave Ochoa to Its Elmwood Office

Thu, 18 Apr 2013 04:24:20 +0000

SAN FRANCISCO, CA, Apr 15, 2013 (Marketwired via COMTEX) –
McGuire Real Estate proudly welcomes longtime real estate
professionals Tessie Ochoa and Dave Ochoa to its Elmwood Office,
located at 2991 College Avenue in Berkeley.

A longtime Rockridge resident, Tessie has been in the real estate
business for more than 30 years, building loyal and trusted
relationships with many clients who’ve over the years become close
friends. Tessie provides the kind of professional assistance that
buyers and sellers need to compete in today’s complex and dynamic
housing market.

Even after three decades in the business, she continues to be
passionate and enthusiastic about her work. Tessie Ochoa is also a
member of the Council of Real Estate Brokerage Management (CRB), and
a licensed member of the National Mortgage Loan System Registry
(CA-DRE/NMLS Lic.# 249123).

Dave Ochoa has sold residential real estate in the Bay Area for more
than 15 years. He began his career in real estate and finance in 1996
with First California Realty and Home Loans in Oakland, Calif. Dave
has successfully weathered a variety of market conditions over the
years, with each climate bringing a new set of unique and challenging
experiences. He’s regarded by clients for his strong attention to
detail and powerful negotiation skills.

Before representing homebuyers and sellers, he worked at Hewlett
Packard where he managed hardware support teams in the Silicon
Valley. Dave attended San Francisco State University and currently
resides in Piedmont.

ABOUT MCGUIRE REAL ESTATE
McGuire Real Estate has been an integral
part of the real estate scene in the San Francisco Bay Area for over
90 years. A mid-sized, regional boutique, McGuire specializes in
luxury real estate but applies the highest standards of service to
properties in every price range, and to every client. Its customer
first philosophy and local focus has proved to be a winning formula
for this Bay Area real estate leader. McGuire’s affiliation with
Luxury Portfolio successfully connects its clients and agents to a
worldwide marketplace. McGuire operates three offices in San
Francisco, one in Marin County, one in Burlingame serving the
Peninsula, and one in Berkeley serving the East Bay.

To learn more about McGuire Real Estate, contact us at
clientcare@mcguire.com, 1-800-4-RESULTS or visit mcguire.com.

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        Contact:
        Kate Stephenson
        PR  Social Media Specialist
        McGuire Real Estate
        (415) 351.4672
        Email Contact

SOURCE: McGuire Real Estate


http://www2.marketwire.com/mw/emailprcntct?id=B759B82786B33A66

Article source: http://www.marketwatch.com/story/mcguire-real-estate-welcomes-tessie-and-dave-ochoa-to-its-elmwood-office-2013-04-15

The Place for Real Estate Investment

Tue, 13 Nov 2012 02:35:15 +0000

Alameda Realtor Victor Jin

Real estate investors who want to invest their money in Alameda should get to know Victor Jin. Smart investors know that his name is synonymous with property investment. His company, Property Investment Services boasts an established reputation for superior service, knowledge, integrity and trust.

Jin is a commercial real estate broker who specializes in the sale of income property. He has been a Realtor for more than 35 years and a licensed real estate broker for 26 of those years.

Jin was born in San Francisco. He graduated with a bachelor of arts in business from San Francisco State University. He hold a masters in business administration from Golden Gate University.

In 1984 Jin helped establish Property Investment Services in San Francisco. Two years later, the company opened a second office here in Alameda.

Property Investment Services is the only real estate brokerage in Alameda that focuses and specializes in the sale of commercial and income properties in the Greater Bay Area.

Jin does more than sell real estate. He has served on numerous non-profit boards ranging from non-profit housing, to social services and business organization like the Chamber of Commerce.

His peers have recognized his talents. The Alameda Association of Realtors have named him Realtor of the Year. The Alameda Chamber of Commerce has award him the distinction of Business Man of the Year.

Jin is the president of the Northern California Commercial Association of Realtors, a California Association of Realtors director and a member of the National Association of Realtors.

“Real estate investors interested in buying, selling or need property management for their investments in real estate, need to call me,” Jin said.

“I represent real estate investors and truly know the market,” Jin said. “I analyze properties and patiently work with the investor to understand their objectives. Investors call me based on referrals and experience as a commercial broker representing buyers and sellers.”

Property owners also work with Jin once they realize that they need a company that specializes in income property sales and property management.

Jin’s services include;

• Real estate sales: Property Investment Services specializes in the sale of income and commercial properties throughout the Greater Bay Area.

This includes all types of residential income properties from duplexes to large apartment buildings, along with retail and office buildings.

“We also specialize in storefront properties with residential units, often referred to ‘mixed use buildings,” Jin said. “Our company prides itself on keeping clients up to date on the local market.”

• Property management services: As a service for its clients the company provides full property management service. This includes the collection of rents and payment of all expenses; coordination of maintenance and repairs; 24- hour emergency coverage and monthly reports for the owner.

• Comparative market analysis: If you’re an owner, trustee or real estate portfolio manager who needs to know what a property is worth we can offer a free comparative market analysis to determine a property’s current market value.

• Commercial property evaluation: A commercial property evaluation is a short appraisal used by financial institutions for loans less than $250,000.

The method of evaluation is only a sales comparison approach. Individual property owners may also request a commercial property evaluation for estate purposes or as part of a comprehensive financial portfolio analysis. This type of evaluation costs considerably less than an appraisal.

“My service is tailored for investors’ wants and needs, Jin said.

Call 523-1115 to learn more about Jin’s services.

Dennis Evanosky

Purchasing Victorian-era homes like the one at right can be a complex operation for new investors. Call Victor Jin for help

Article source: http://alamedasun.com/component/content/article/32-greater-alameda-business-association/11028-the-place-for-real-estate-investment

SF proposes new rules on student housing

Sun, 22 Jul 2012 10:36:52 +0000

San Francisco is changing its rules for student housing, which could cause new concerns for the city’s college and university students who are looking to find a spot to park their books and laptops.

Worried that the city’s 14 postsecondary schools are pushing low-income individuals and families out of apartment buildings and residential hotels to provide beds for their students, the Board of Supervisors is looking to ban almost all conversions of existing residential space into student housing.

“We want to encourage construction of new student housing and block the cannibalization of our existing residences,” said Supervisor Scott Wiener, author of the ordinance that will go before the board’s Land Use and Economic Development Committee on Monday.

Although Wiener and other affordable housing advocates are reluctant to name names, the restrictions are aimed directly at the fast-growing Academy of Art University, which has been taking control of buildings across the city as its enrollment has soared from 2,300 10 years ago to more than 16,000 today.

“The academy has grown a lot in the past decade, with a continuing need for more space,” said Rebecca Delgado, a vice president at the school.

While the for-profit university was founded in 1929, it never had the traditional central campus of other schools like San Francisco State University, UCSF and the University of San Francisco. Without land, expansion has meant buying, not building.

In an October 2011 letter to the city Planning Commission, a university spokesman described its plan for growth.

The university “plans to expand by leasing buildings within the city that become available,” said the cover letter for the university’s institutional master plan.

That’s a strategy that threatens housing for the city’s low-income residents, housing advocates say.

Of the 17 residential buildings Academy of Art University owns or operates, five were former residential hotels, according to a May 10 report to the Planning Commission, “representing a loss of 263 residential hotel units.” Other schools, like the much smaller San Francisco Art Institute, also told planners that they plan to lease student housing from “tourist or residential or mixed residential-tourist hotels and similar quarters.”

No one is denying there’s a housing crunch for college students in San Francisco. The San Francisco Housing Action Coalition estimates that 40,000 to 50,000 of the city’s more than 120,000 college students are scrambling for off-campus housing every year.

“San Francisco’s official student housing policy is Craigslist; come here and hope,” said Tim Colen, the coalition’s executive director.

But when schools try to satisfy that demand by buying existing buildings or negotiating exclusive leases with residential hotels, it pits students against other, often older and poorer, city residents.

“It’s a policy issue,” said Brad Paul, an affordable housing advocate who was deputy mayor for housing and neighborhoods under Mayor Art Agnos. “We have to decide how to encourage schools to build student dorms and take the pressure off city housing.”

The proposed ordinance is the second part of the city’s carrot and stick effort. Two years ago, the board passed an ordinance that exempted any newly constructed student housing from the city’s low-income housing fee, which typically adds $50,000 to $60,000 a unit in building costs.

The new proposal also encourages new construction by exempting new student housing from the city’s requirement for a mix of various-size units, allowing greater density and cutting open-space requirements for developments with small, 350-square-foot or less apartments.

But there’s also a stick in the ordinance. Except for limited exceptions, it bars conversion of existing dwelling units into housing limited to students.

While the city’s residential and apartment buildings “can rent to students individually, schools can’t put together a master lease and remove (the buildings) from the general housing market,” Wiener said.

The new ordinance is the product of long discussions between college officials, housing advocates, landlords and city planners, all working for an agreement that both serves student needs and protects other renters in the city, the supervisor added.

Discussions already are under way with developers interested in building new student housing in the city, said Colen, who sees it as a potentially profitable market for local builders.

The new ordinance “is a real good start,” he added. “Let’s pass it and see how the market responds.”

John Wildermuth is a San Francisco Chronicle staff writer. E-mail: jwildermuth@sfchronicle.com

Article source: http://www.sfgate.com/bayarea/article/SF-proposes-new-rules-on-student-housing-3725276.php

With a little help from the parents

Sun, 16 Oct 2011 06:06:54 +0000

More parents are helping their adult children buy their first home by taking care of the down payment at a time when home prices are low and financing is tough.

Christian Fernandez has a place to call his own, thanks to his parents providing most of the 20 percent down payment and closing costs on the $345,000 two-bedroom condominium in Daly City he moved into four months ago. Without the financial help from his parents, Fernandez could not have bought his condo.

“Getting hold of that down payment just doesn’t come easy … I had set aside some money myself but they supplemented it greatly,” said the 27-year-old, who works in the engineering field after graduating last year from San Francisco State University with a degree in mechanical engineering.

“We are Filipinos and have taken it upon ourselves the responsibility of putting our kids through college (and helping them buy a home),” said Fernandez’s mother, Cynthia Andaya, 57, of Hercules. “Primarily, this is our inheritance to them.”

Fernandez isn’t alone. Hard numbers are difficult to come by, but between April and June 2011, 21.5 percent of first-time buyers received the down payment as a gift or borrowed it from a relative, up from 14.3 percent in 2006 during the same time frame, according to the California Association of Realtors. Realtors say most help is probably in the form of a gift.

Realtor Orhan Tolu has handled about six transactions, including the one for Fernandez,

in the last five months in which parents covered the down payment.

“The kids have the job and can afford the mortgage payment” but need help with the down payment, said Tolu, a broker with Century 21 Realty Alliance, which has offices in San Mateo and San Francisco. “It’s like an investment in the kid’s future because prices in the Bay Area are eventually going to go up again.”

Parents helping out their children with the down payment is not new, but tougher lending standards and low home prices have resulted in it happening more in the last few years, say real estate industry experts.

“Five years ago, prices were higher but financing was easier. A lot of people could qualify for 100 percent financing,” said Tolu.

“I’d say there is more motivation now. Parents who have been through previous real estate cycles see this as an opportunity. The parents are encouraging the kids to get into the market,” said Kevin Kieffer, a real estate agent with the Danville office of Keller Williams Realty.

Some parents are helping out with the down payment because they can’t find an appropriate investment in today’s volatile economy. “They’re willing to help out their kids. They are looking for a safer investment,” he said.

But before providing the down payment, parents need to take into account that they could get hit with gift taxes if it goes over a certain amount. They also need to be sure that giving the money away won’t hurt their own retirement plans.

“One of the things you should think about is whether this gift will be subject to gift tax calculations,” said Megan Rouse, a financial planner in Dublin. “It’s great to be generous, but it’s also important to look at your overall financial situation and (know) that it’s extra cash you can afford to give away.”

For tax year 2011, a taxpayer can give up to $13,000 per-year per-person (a married couple can give up to $26,000 per-year-per-person) and not worry about gift taxes. Anything above the annual cap is subtracted from the lifetime $5 million limit for making tax-free gifts.

If taxpayers think they are going to go over the annual cap, they should first consult a financial planner or certified public accountant to discuss the tax implications, Rouse said.

Parents also need make it clear that the money is indeed a gift and not a loan when they are helping out a child with a down payment. That can be done by writing a letter to the lender stating that the money is a gift, said Kieffer, the Danville real estate agent. Otherwise, the lender will look at the down payment as a loan that has to repaid, which could make it harder for the child to get financing.

Even though home prices are at a low point, “the down payment can be pretty daunting in the Bay Area,” especially if the buyer is seeking a conventional loan that typically requires at least a 20 percent down payment, Kieffer said.

Many parents are providing the 3.5 percent down payment required for Federal Housing Administration loans, Kieffer said. An FHA down payment lessens the likelihood of running into gift-tax issues, he said.

No matter which route a parent provides a down payment to a child, it’s a “way to help kick start them into home ownership,” Kieffer said.

Article source: http://www.mercurynews.com/business/ci_19108672

McGuire Real Estate Introduces New Agent Rica Ruiz to Burlingame Office

Thu, 30 Jun 2011 02:44:19 +0000

SAN FRANCISCO, CA–(Marketwire – Jun 29, 2011) – Rica Ruiz is the newest agent to join the McGuire Peninsula office, located at 360 Primrose Road, in Burlingame, Calif.

Rica has more than 15 years of comprehensive sales experience which stems from owning her own business, to corporate sales, and extensive experience in both residential and commercial real estate. In doing so she’s developed a client-centered philosophy and attention to detail for enhancing every transaction.

Having been raised in the San Francisco Bay Area not only complements her knowledge of the local real estate market but adds to her community affection as well. Rica is dedicated and known for providing topnotch service to both home buyers and sellers. While she prides herself on being a trained negotiator and problem solver, the foundation of her success is based on traditional values like hard work, honesty, and a personal commitment to excellence.

Rica has received the Short Sales and Foreclosure Resource (SFR) Certification through the National Association of REALTORS® (NAR). She graduated Magna Cum Laude from San Francisco State University with a degree in Radio and Television. When she’s not hard at work, Rica enjoys teaching Sunday school at her family’s church and visiting with the elderly. However, her favorite pastime is hanging out at home on the Peninsula with her husband, Rob and their son, Samuel.

ABOUT MCGUIRE REAL ESTATE
McGuire Real Estate has been an integral part of the San Francisco Bay Area real estate scene for over 90 years. A mid-sized, regional boutique, we specialize in luxury real estate, but apply the highest standards of service to properties in every price range and to every client. Our customer first philosophy and local focus has proved to be a winning formula as a Bay Area real estate leader. McGuire’s affiliation with Luxury Portfolio successfully connects our clients and agents to a worldwide marketplace. McGuire operates two offices in San Francisco, one in Marin County, one serving the Peninsula in Burlingame, and two in the East Bay.

To learn more about McGuire Real Estate, contact us at clientcare@mcguire.com, 1-800-4-RESULT, or visit www.mcguire.com.

Article source: http://www.marketwire.com/press-release/mcguire-real-estate-introduces-new-agent-rica-ruiz-to-burlingame-office-1533036.htm

McGuire Real Estate Welcomes Johanna Phu to Its San Francisco Sales Team

Wed, 22 Jun 2011 12:33:49 +0000

SAN FRANCISCO, CA–(Marketwire – Jun 21, 2011) – A lifelong native of the Bay Area, Johanna Phu comes to McGuire Real Estate as a new agent in its Noe Valley office, located at 100 Clipper Street.

Johanna grew up in California’s third largest city, San Jose, just 40 miles south of San Francisco. With her love of the Bay Area running as deep as her roots, she graduated from San Francisco State University with a B.S. in Marketing and Hospitality.

Johanna’s professional philosophy is to create strong client relationships from trust, loyalty and care. By listening closely to her clients’ needs, wants, expectations, and overall goals Johanna’s able to keep their best interests at the forefront of her duties. She uses her marketing knowledge and sales experience to give herself an edge in creative strategic planning and effective communication.

Her clients not only take note of but also benefit from her extensive customer service background, developing the essential interpersonal skills and keen attention to detail which have made her successful. While she recognizes the independent nature of this business, Johanna loves working alongside her fellow agents, choosing to embrace her colleagues as partners rather than as competitors.

Johanna is an avid traveler, city foodie, as well as bilingual — as she’s fluent in both English and Cantonese. In her spare time she enjoys baking, snowboarding, and catching the newest movie releases. A community servant, she also volunteers at San Francisco’s Give Me Shelter Cat Rescue.

To learn more about McGuire Real Estate, contact us at clientcare@mcguire.com, 1-800-4-RESULT, or visit www.mcguire.com.

Article source: http://www.marketwire.com/press-release/mcguire-real-estate-welcomes-johanna-phu-to-its-san-francisco-sales-team-1529750.htm

Jodell Scott Joins the McGuire Real Estate Team in Noe Valley

Wed, 20 Apr 2011 03:51:50 +0000

SAN FRANCISCO, CA–(Marketwire – Apr 19, 2011) – With more than 22 years of real estate experience in the San Francisco Bay Area, Jodell Scott is the latest agent to join the McGuire Real Estate Clipper Street office.

Jodell was born and raised in Minnesota, but has lived in San Francisco — the place she calls home — since 1972. She graduated from San Francisco State University, where she earned a Bachelor of Arts in Psychology, and minored in Business. Prior to joining McGuire, she spent two years with a firm in San Francisco, specializing in homeownership for entry-level buyers. Jodell is both a licensed real estate salesperson and certified residential appraiser.

Her passion for San Francisco — and its unique real estate offerings — is coupled with top-notch service, a positive attitude, and her commitment to provide clients with only the best home buying/selling experience. Jodell approaches obstacles with tireless effort, and takes care of the many issues arising from financing, negotiation, and/or unexpected property conditions. She has a strong understanding of local trends and risk analysis, making her a valued and trusted source within the area.

Jodell currently lives in San Francisco’s Glen Park neighborhood, where she’s resided since 1982. In her spare time she enjoys walking her Golden Retriever through the canyon, or to the top of Diamond Heights, where she catches world class views of “this incredible town.”

To learn more about McGuire Real Estate, contact us at clientcare@mcguire.com, 1-800-4-RESULTS, or visit www.mcguire.com.

Article source: http://www.marketwire.com/press-release/Jodell-Scott-Joins-the-McGuire-Real-Estate-Team-in-Noe-Valley-1429989.htm