You are currently browsing the category archive for the ‘Silicon Valley’ category.

Represent Investors and Become One Yourself

Real Estate Investing is a new course that will teach REALTORS® how to work with investors as they set their goals, plan, evaluate, and acquire properties, as well as manage them. REALTORS® will also learn how to become real estate investors themselves.

One of the priorities of National Association of REALTORS® (NAR) President Bill Brown is to help REALTORS® prepare for retirement by providing education on becoming a real estate investor, not just helping others invest in real estate. While REALTORS® are busy helping homebuyers achieve their dream of homeownership, they themselves lack retirement assets. “Too many REALTORS® don’t have the assets to retire,” according to Brown said at the 2016 Leadership Summit in Chicago. Brown wants members to make sure they can take care of themselves when they retire.

Real Estate Investing will be offered at SILVAR on Tuesday, September 19, from 8:30 a.m. to 5 p.m., with NAR 2012 and 2009 Instructor of the Year David Wyant. SILVAR is co-sponsoring this course with the West San Gabriel Valley Association of REALTORS®. Cost is $110 for members and $125 for non-members. Register at ims.silvar.org, or call SILVAR at (408) 200-0100.

VIEW FLYER

 

There’s been a lot of talk about immigration these days. This is a topic that impacts real estate, especially in Silicon Valley, a place that has attracted foreign buyers. So the Silicon Valley Association of REALTORS® (SILVAR) Global Business Council has teamed up with the California Council of Residential Specialists to offer a Lunch & Learn on “What Every REALTOR® Needs to Know About Immigration” on Wednesday, September 27, 11 a.m. to 2 p.m. at SILVAR.

From featured speakers Sophie Alcorn and Lisa Wendl, you will learn about:

  • U.S. immigration policy
  • Some common immigration statuses
  • Immigration pitfalls and red flags
  • How immigrants can qualify for mortgages

Alcorn is a Stanford-educated, New York Times-featured expert on U.S. immigration law. She founded Alcorn Immigration, where she and her team obtain visas and green cards for highly-motivated individuals.

Wendl obtained her Bachelor of Arts degree from Fudan University in Shanghai and MBA in finance from the University of Illinois, Chicago. She worked as a business analyst at a biotech company for three years, then got into the field of real estate lending and investment where she has worked for 25 years.

Cost is $15 for SILVAR and CRS members and $20 for non-members and at the door. Register at ims.silvar.org, or call SILVAR at (408) 200-0100. Seating is limited. These events fill up quickly, so make sure you register early.

VIEW FLYER

Criminals continue to hack email accounts and many are targeting REALTORS® and their clients. This scam is especially alarming in the Bay Area because home prices are high, inventory is low, and buyers are trying to close deals quickly because of the competitive market.

According to a recent news report, the email of a REALTOR® was hacked by criminals who had monitored the REALTOR®’s correspondence with her client. When it came time for the client to wire the remainder of the down payment to close escrow, the hackers sent an email message from the REALTOR®’s account to her client telling them to wire the money to a fraudulent account. Luckily, the amount was off and the client called the REALTOR® to verify the amount.

REALTORS® and their clients need to be on high alert for email and online fraud. The Silicon Valley Association of REALTORS® is asking REALTORS® to follow and share with their clients these prevention tips issued by the National Association of REALTORS®:

  • Immediately contact all parties to all of your upcoming transactions and inform them of the possibility of this fraud. Attorneys, escrow agents, buyers, sellers, real estate agents, and title agents have all been targeted in these scams. You can also download and distribute NAR’s online fraud prevention handout, accessible here.
  • If possible, do not send sensitive information via email. If you must use email to send sensitive information, use encrypted email.
  • Immediately prior to wiring any money, the person sending the money must call the intended recipient to verify the wiring instructions. Only use a verified telephone number to make this call.
  • Do not trust contact information in unverified emails. The hackers will recreate legitimate-looking signature blocks with their own telephone number.
  • Never click on any links in an unverified email. In addition to leading you to fake websites, these links can contain viruses and other malicious spyware that can make your computer – and your transactions – vulnerable to attack.
  • Tell your clients that if an email or a telephone call ever seems suspicious or “off,” that they should refrain from taking any action until the communication has been independently verified as legitimate.
  • Clean out your email account on a regular basis. Your emails may establish patterns in your business practice over time that hackers can use against you. In addition, a longstanding backlog of e-mails may contain sensitive information from months or years past. You can always save important emails in a secure location on your internal system or hard drive.
  • Change your usernames and passwords on a regular basis, and make sure your employees and licensees do the same.
  • Make sure to implement the most up-to-date firewall and anti-virus technologies in your business.

 

 

AHWD

Today more than one-third of all Americans are minorities. In fact, in California 43 percent of families speak another language at home other than English. You can maximize your earning potential by learning to work in Silicon Valley’s culturally diverse market. Enroll now in the National Association of REALTORS® (NAR) At Home With Diversity® certification course which SILVAR is offering on Monday, September 18, 9 a.m. to 4 p.m.

This six-hour course taught by NAR certified international instructor David Wyant will teach you how to access and analyze demographic data to assess cultural attributes in your local market; how to attract and serve multicultural and international clients; and how to develop a business plan to address specific needs of those clients.

Earn the confidence of your potential buyers and obtain the At Home With Diversity certification. You will also obtain a pin and logo to add to their website and business card.

Cost of the course is $110 for members and non-members. Registration is on a first-come first-served basis. Register at ims.silvar.org or call SILVAR at (408) 200-0100.

VIEW FLYER

LEARN TO BE A LEADERJoin “Learn to be a Leader,” a workshop that will help develop and enhance your leadership skills in real estate and in your community. The leadership workshop will be held on Thursday, September 7, from 9:30 a.m. (check-in) till 3:30 p.m. at SILVAR. The workshop will include guest speakers and the National Association of REALTORS® Leadership 200 Program, which will be facilitated by Steve Francks, RCE, CAE, CEO of the Washington Association of REALTORS®.

Steve Francks is an innovative leader recognized for his contributions on a regional and national level and has served as 2011 National Association of REALTORS® (NAR) Association Executives Committee chair. Francks is a NAR Leadership Program facilitator. He will be facilitating this interactive course that will prepare you to assume greater leadership responsibilities within your association and beyond.

The following special guests will share their leadership experiences:
Linda Lee is a 2011 graduate of the NAR Leadership Academy and holds various leadership positions at local, state and national levels – as president of Greater San Diego Association of REALTORS®, state secretary and 2015 president of the Women’s Council of REALTORS® California chapter and NAR national chair of Conventional Financing and the lending policy committee. Lee is also NAR’s President Liaison to China.

Joe Simitian is a Santa Clara County Supervisor who represents the Fifth District, which includes Cupertino, Los Altos, Los Altos Hills, Mountain View, Palo Alto, Saratoga, Stanford, and portions of Sunnyvale and San Jose. His public service includes stints as a member of the California State Senate and California State Assembly, mayor of Palo Alto, and president of the Palo Alto School Board. He served as an election observer/supervisor in El Salvador and Bosnia. His community involvement includes service with Adolescent Counseling Services, Acterra, Leadership Mountain View, and the Markkula Center for Applied Ethics.

At the leadership workshop you will learn to:
• Develop your leadership style
• Participate effectively in meetings
• Learn conflict resolution tools
• Develop strategic planning skills
• Manage risk

This leadership workshop is being coordinated by SILVAR’s Global Business Council and is open to all real estate professionals. Cost, which includes lunch, is $25 for members and $40 for non-members. There is limited seating for this course, so register today at ims.silvar.org, or call SILVAR at (408) 200-0100.

VIEW FLYER

 

WVCS check-2

Silicon Valley’s economy is booming, but pockets of poverty exist. Non-profit agencies that provide housing and support services to the low income and homeless say despite the region’s economic prosperity, they are seeing more families and youth in need.

“Life can change suddenly for anyone. When crisis hits, things happen and a family can become homeless,” said Kohinoor Chakravarty, director of Development and Communications for West Valley Community Services (WVCS).

At a meeting held in the Silicon Valley Association of REALTORS® (SILVAR) office in Cupertino, Chakravarty said the agency, which serves underprivileged families and the homeless in Cupertino, Saratoga, West San Jose, Monte Sereno and Los Gatos, provides 672,380 pounds of food to low-income and homeless families and $167,829 in emergency assistance for rent, utilities and deposits. Its food pantry provides 1,223 individuals with groceries, household items, diapers and personal care items. The agency also has special programs that help families during the holidays and school year with holiday food baskets and shopping spree, its backpack program and back-to-school event, which helps over 100 children shop for clothes for school.

WVCS has also opened food pantries in De Anza and Foothill colleges for about 200 students who are homeless, with no food or place to live. “High rents forced their families to move out of the area, but these students chose to stay because they know finishing their education is the only way to get out of the cycle of poverty,” said Chakravarty.

Marie Bernard, executive director with Sunnyvale Community Services, told REALTORS® that homelessness and hunger in Santa Clara County are exacerbated by skyrocketing rents. One-bedroom apartments are renting for $2,542 on average, and two-bedroom apartment rents average $3,228.

“For many families, it’s a choice of rent over food,” said Bernard.

Like WVCS, SCS is the first stop for families seeking help. Last year, the agency helped 7,991 low-income residents, a 16 percent increase from 2015. The agency has also extended its help to the Alviso area, where there are many people who are underserved and families whose homes are red-tagged because their utility bills are backed up for six to eight months.

“Keeping people fed and housed is the best economic investment our county can make,” said Bernard. She said while it costs to feed and help the poor, it would cost more if the county did not provide the help.

Chakravarty and Bernard said the non-profits cannot provide their services without help from residents who volunteer to help sort the food and distribute them to needy families. Local grocery stores donate food to their food pantries.

“Without volunteers uniting behind us, we cannot do this work. You can make it happen because you are our community,” Chakravarty told the REALTORS®.

SILVAR’s Cupertino/Sunnyvale District, through the Silicon Valley REALTORS® Charitable Foundation, has donated $750 to West Valley Community Services. The donation will be used to purchase backpacks for WVCS’s Back-To-School Backpacks program. Pictured above with the big check are Cupertino/Sunnyvale District tour director Mark Burns with Chakravarty.

 

 

 

 

red alert-cropped

PLEASE CALL TODAY! VOTE COULD BE MONDAY!    

The California Association of REALTORS® is OPPOSING SB 231 (Hertzberg), a bill that allows local governments to circumvent the State Constitution and Proposition 218 to tax property owners directly for costs related to stormwater infrastructure projects without the legally required public vote. C.A.R opposes SB 231 because it uses legal “sleight of hand” to allow local governments to impose new taxes without required voter input. The bill will be considered by the ENTIRE Assembly as soon as Monday, June 19th.

WHAT TO DO: Call your Assembly Member TODAY! Urge them to vote NO Vote on SB 231.

Call 1-800-798-6593. Enter your Assembly Member’s PIN number to be connected to their office.

When staff answers the phone, you can use the following script:   “Hi, this is (insert your name). I’m a constituent. Please ask the Assembly Member to Vote No on SB 231. Don’t allow local governments to impose sewer taxes by side-stepping voters.”

 

The Silicon Valley REALTORS® Charitable Foundation, the charitable arm of the Silicon Valley Association of REALTORS® (SILVAR), presented scholarship awards to 18 graduating seniors from public high schools in Silicon Valley at the end of the 2016-2017 school year. Each recipient received a $1,000 scholarship.

Now on its 18th year, Charitable Foundation’s scholars program recognizes students who have exemplified outstanding achievements in academics, extracurricular/employment activities and community involvement. The selection committee includes representatives from the local business community, area high schools, area colleges and SILVAR.

Students who received scholarships, the schools from which they graduated, and the colleges and universities they plan to attend are: Manasa Gogineni, Cupertino High School (UC Davis); Meryem Esa, Fremont High School (Santa Clara University); Archer Olson, Gunn High School (UC Berkeley); Yu-Ying Chua, Homestead High School (UCLA); Madeleine Gibbons-Shapiro, Leigh High School (Georgetown University); Simge Yildiz, Los Altos High School (UC Davis); Ginger Wang Brown, Los Gatos High School (Cal Poly – San Luis Obispo); Carolyn Zhong, Lynbrook High School (Carnegie Mellon University); Megan McDonnell, Menlo-Atherton High School (Northwestern University); Lucas Chang, Monta Vista High School (Cal Poly – San Luis Obispo); Shayla Joy Tonge, Mountain View High School (Chapman University); Zoe Dellaert, Palo Alto High School (University of Chicago); Aryan D’Rozario, Prospect High School (UC Santa Cruz); Megan Bettencourt, Santa Clara High School (UC Davis); Julie Cai, Saratoga High School (New York University); Ariana Sadar Ghahary, Westmont High School (UC San Diego); Poojita Dasika, Wilcox High School (UCLA); and Rogelio U. Sanchez, Woodside High School (UC Riverside).

“The seniors selected this year are very deserving of recognition not only because of their academic accomplishments, but also for their contributions to their communities,” said Charitable Foundation Scholarship Chair Nina Yamaguchi. “We are happy we are able to assist the deserving winners in the beginning of their college careers.”

The Charitable Foundation thanks the following members who presented the scholarships to the recipients at their respective senior award ceremonies: Chris Alston (Keller Williams), Mark Burns (Referral Realty), Nina Daruwalla (Coldwell Banker Residential Brokerage), Mary Kay Groth (Sereno Group), Penelope Huang (Golden Gate Sotheby’s International Realty), Young Jacob (Intero Real Estate Services), Theresa Loya (Coldwell Banker Residential Brokerage), Bill Moody (Referral Realty), Russell Morris (Coldwell Banker), Moise Nahouraii (Referral Realty), Jose Padilla (Alain Pinel Realtors), Robert Reid (Keller Williams), Mary Tan (Coldwell Banker Residential Brokerage), David Tonna (Alain Pinel Realtors) and Denise Welsh (Alain Pinel Realtors). 

READ MORE

SEE 2017 SCHOLARSHIP RECIPIENTS HERE

 

 

 

 

DSC05083-cropped

Here are SILVAR members ready to meet state legislators.

 

Early this month, about 50 SILVAR members traveled to Sacramento for Legislative Day, joining over 2,500 California REALTORS® for their annual meetings with their respective legislators. At the meetings, REALTORS® assumed the role of “lobbyists for the day” and discussed bills that could impact homeowners and private property rights.

In the morning, REALTORS® gathered at the Sacramento Convention Center for a briefing by California Association of REALTORS® (C.A.R.) leadership. C.A.R. President Geoff McIntosh underlined the importance of REALTORS® coming together in support of homeownership.

“We are the largest supporters of private property rights in the state,” said McIntosh. Governor Jerry Brown was back this year to speak to the REALTORS®. He, too, stressed the importance of the profession and the need to work together. “You touch people in the most important time of their life, when they buy a house,” said Brown.

At the joint luncheon with neighboring associations, guest speaker Assemblyman Marc Steinorth (R-Rancho Cucamonga) mentioned when REALTORS® visit Sacramento, their legislators listen to them. He said legislators like him would think, “You matter because you are from home. I will hear your message.”

Steinorth values homeownership. “Renting is not the path to success. The pathway to middle class success starts with homeownership,” he said.

And while he is for affordable housing, Steinorth said “once it transcends the goal of homeownership, I oppose it.”

Steinorth then talked about AB 53, a bill he authored that would allow individuals to save up to $10,000 tax free which would go toward the purchase of their first home. He explained while the solution to the housing affordability crisis is to increase supply, the state also needs to increase better buyers who save and are financially responsible.

The Assemblyman called on REALTORS® to get involved in their communities and in government. “The decision needs to come from the industry to educate us because you are the experts, the job creators. You make dreams a reality,” said Steinorth. “For every transaction you make you have created a better lifestyle for someone. You are all about the transaction, relationships, the community.”

At their meetings with Assembly members Marc Berman and Evan Low and state Senators Jim Beall and Jerry Hill, SILVAR REALTORS® discussed three main issues:

Oppose AB 1059 (Gonzales Fletcher), which prohibits dual agency in commercial real estate transactions. If passed, it would drastically limit consumer choice.

Oppose to SB 649 (Hertzberg), whose intent is to expand the state sales tax to services. While the bill does not impose the tax itself, it lays the framework for a service tax. Real estate is the most service intensive business, with 10-12 services, like home inspections, appraisal, pest control, insurance, etc. A service tax on real estate services would hurt housing affordability and especially adversely impact low and middle class families.

Support legislation that seeks to increase the supply of housing and oppose bills that discourage its creation, like stricter rent control. The only solution to the housing affordability problem is to increase the housing supply. Price controls are not the solution. Policies like rent control don’t work. Telling property owners that they can’t change market rates discourages investment in housing.
READ MORE HERE

 

DSC05231

In Los Altos, Kathryn Tomaino and Steve Klesczewski washed windows for a 74-year-old Los Altos homeowner.

 

The Palo Alto senior cheerfully greeted the RSVP (REALTOR® Service Volunteer Program) volunteers when they arrived at her home. She was eager and grateful to receive their help. Looking at her you wouldn’t know that she needed help, but the 81-year-old widow has undergone a liver transplant, a mastectomy, a hip replacement and now has a bad back. The Palo Alto senior homeowner was grateful the RSVP volunteers were able to vacuum her house, wash her windows and change a light bulb. She said her husband died five years ago and she has no family. She is friends with her neighbor, but the neighbor is 92 years old.

“The neighborhood has changed,” she sighed. “I feel so helpless. I guess I should move, but it’s hard because this is home. I’ve lived here for 50 years.”

A 98-year-old Saratoga senior feels the same way. Also a widow with no family, she was very happy that the RSVP volunteers were able to her change her light bulbs, turn over her mattress and replace her smoke detector battery.

“It’s wonderful you can do this for me. I just can’t do some of these tasks anymore,” she remarked.

In Los Altos, a 74-year-old senior homeowner conveyed her gratitude as RSVP volunteers proceeded to wash her outside windows. “I love this! Thank you. It is so wonderful to have this help,” she said.

RSVP volunteers also feel rewarded when they are able to help seniors in their communities. “We volunteer because we respect the needs of our parents. We want to pay it forward and do it for them,” said longtime RSVP volunteers Kevin Barrett and SILVAR President Denise Welsh.

The program has inspired new members to volunteer, as well. First-time RSVP volunteers Anna-Liza Estoesta and Sara Hernandez were eager to help. “We want to help the community,” they said.

Virginia Supnet said, “I would like to promote the event to my office to inspire other agents.”

This was Trevor Loveless’ third year as a Palo Alto District RSVP volunteer. He enjoys helping the seniors. “It’s good for the community. I was born and raised here. It’s good to give back,” said Loveless.

SILVAR’s REALTOR® Service Volunteer Program (RSVP) is on its 16th year. This year 107 volunteers from SILVAR assisted 50 senior households in the Menlo Park/Atherton, Palo Alto, Los Altos/Mountain View, Cupertino/Sunnyvale and Los Gatos/Saratoga communities. VIEW PHOTOS

August 2017
M T W T F S S
« Jul    
 123456
78910111213
14151617181920
21222324252627
28293031  

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 46 other followers