After seven straight months of multiple sales per month in May 2011-November 2012 things have quieted down in the the Burlingables neighborhood of Burlingame.  There have been only two homes sold in 2012, both in March. Oddly, 2011 began the same way, with two homes sold in March, and no sales in January, February or April.

Recent sales activity has bee dampened by the fact that there has not been many homes listed, however of the ones that sold, they sold for significantly over the asking price. A home on Marin was listed for $899,000 and sold for $1.1 million, a very high number for a 2 bedroom home. There have been only two listings in 2012, and they sold in an average of 12 days.

Burlingables is sometimes referred to as Oak Grover Manor. Homes in Burlingables regularly sell for at least $650-$675 per square feet, $50 more than the city of Burlingame average. However, median and average selling values are lower than the overall Burlingame average because the homes in the neighborhood are often smaller.

Thinking of buying or selling a home in Burlingables?

If you’re interested in learning more about the Burlingables real estate market, considering selling your home in Burlingables, or thinking about moving to Burlingables, please drop me a line and I’d love to connect with you.

By The Numbers – Burlingables Real Estate for April 2012

Does a Homeowners Insurance policy cover everything that involves or occurs at your home? Are all types of damage to the home’s structure covered?

There are several fairly obvious items that are not covered by a Homeowners Insurance policy. These include intentional acts, illegal acts, and fraudulent acts. If you intentionally burn your home down, your Homeowners policy will not provide any coverage. Similarly, if you are personally liable for any damages related to the sale or provision of illegal drugs, for example, the Liability coverage in your Homeowners policy would not apply.

In addition, if there are instances of false statements in conjunction with the policy issuance, the Homeowners policy coverages may not apply. For example, if you tell your Homeowners Insurance carrier that you have a fire alarm that is monitored by an alarm, like ADT or Bay Alarm, you will receive a discount on your Homeowners Insurance premium. If a fire causes damage at your home and it turns out that you did not have a monitored fire alarm, the carrier can decline to pay for your loss, denying coverage for material misrepresentation.

But what about the policy exclusions that are not so obvious?

Common California Homeowners Policy Exclusions

Lateral spreading mode of ground failure, Loma Prieta (Photo credit: Wikipedia)

Earth Movement – In California, all Homewners-type policies exclude losses resulting from earth movement, including earthquake, landslide, mudslide, and mudflow. In Burlingame, San Mateo, and most of the Bay Area, the risk of Earthquake loss is fairly high, so if you want to protect yourself and your home from this type of loss, consider carrying separate Earthquake Insurance, which will be discussed in more detail in next month’s post.

Flood, Surface Water, and Repeated Seepage or Leakage - Generally, in order for water-related losses to be covered, the loss has to result from sudden and accidental discharge or water. For example, if your dishwasher breaks, causing water damage to your kitchen cabinets and walls, the damage would usually be covered by your Homeowners policy. In order to protect yourself against Flood losses, you would need to purchase a separate Flood Insurance policy. Depending on the Flood zone in which your home is located, your lender may require this coverage (specifically applicable in almost all of Foster City and in San Mateo locations within a couple of miles from the Bay).

Fungi, Mold, and Rot – Losses caused by fungi, mold, and rot, including dry rot, are specifically excluded from the Homeowners policy coverages.

Business Pursuits - Unless specific coverage is added, all Liability damages arising out of business pursuits would not be covered by a Homeowners policy. There is generally minimal coverage included in the Homeowners policy for Business Property (i.e. computers and equipment that may be at your home). If you are operating a business at home generating more than $10,000 of annual revenue, you should strongly consider purchasing at least a basic Commercial Insurance policy and be aware that business related losses that occur at your home may not be covered by your Homeowners policy.

Inadequate/Defective Design, Repair, Construction, Renovation, and Maintenance - If you purchase a home that has a roof deck, and it turns out that there is damage to the ceiling inside of your home under the roof deck that is deteremined to be caused by poor sealing (i.e. defective construction), the resulting damages would not likely be covered by your Homeowners policy. Another example: if you purchase a home that does not have proper surrounding irrigation and that is located at the bottom of a downward sloping driveway, damages to the exterior/interior walls caused by water pooling around the home are also not likely to be covered due to the inadequate design of the home.

Lastly, the Homeowners policy coverages only apply to losses that occur during the policy period. So, if you purchase a home with pre-existing damage of which you are aware, your Homeowners coverages will not apply to related or ensuing losses. To help avoid some of these situations where damages to your newly purchased home would not be covered by your Homeowners Insurance, talk with Raziel about detailed Home Inspections and make sure that you thoroughly review and understand the key findings of such reports, including action items that require repair or replacement.

Meghan’s other helpful articles:

Homeowners Insurance – The Liability Coverages

Homeowners Insurance Coverages – Other Structures, Personal Property, & Loss of Use

Homeowners Insurance Policy – Property Coverages – Part 1: Dwelling Coverage

Over the past few years,  Burlingame Gardens has averaged just less than one sale a month, with activity higher in the middle of the year. There has not been a lot of recent activity. In the first four months of 2012, there have been only two home sold.

Buyers looking into the Burlingame Gardens neighborhood have not had many listings from which to choose. Only seven homes have been listed in the last twelve months. Over that same period, there have been eleven homes sold. This has driven down inventory to the point where in each of the last four months, there have been no unsold homes in the neighborhood at the end of the month. This is atypical, even for the Burlingame Gardens real estate market, where there are usually a handful of homes on unsold homes.

Burlingame Gardens is one of the lower priced neighborhoods in Burlingame, with an average price per square feet just above $500. Average and median selling values fluctuate with the size of homes being sold. Over the past few years the average home sold has been about 1,500 square feet. An average size home selling for an average price per square foot in Burlingame Gardens goes for around $750,000-$800,000.

Thinking of buying or selling a home in Burlingame Gardens?

If you’re interested in learning more about the Burlingame Gardens real estate market, considering selling your home in Burlingame Gardens, or thinking about moving to Burlingame Gardens, please drop me a line and I’d love to connect with you.

By The Numbers – Burlingame Gardens Real Estate for April 2012

We have mentioned it before, but 2011 was a big year for Lyon Hoag when 29 homes were sold, more than double the number sold in any recent year. Sales activity might appear to have slowed down in 2012, given that there have been only five homes sold in the first four months of this year. However, there were also five homes sold in the first four months of 2011 as well, so it is too early to tell.

Sales activity is limited by low inventory, similar to other areas of Burlingame. At the end of April 2012, there were two unsold homes on the market in Lyon Hoag. Last year at this time, buyers had eight homes from which to choose.

There are a few notable signs of strong buyer interest in the Lyon Hoag real estate market. Homes that do sell are selling quickly, and not languishing on the market.  From 2008 to 2010, the average home sold in about 2 months. In 2011, the average home sold in one month. In 2012, the average days on market is down to just three weeks. There are buyers out there waiting for the right home to come onto the market.

Another indicator is the average sales price to list price ratio. When the ratio goes above 100%, homes are selling for more than their final asking price. Usually, it is a sign that there are multiple buyers putting in competing offers, otherwise a buyer would be better off just making an offer equal to the asking price. The five homes sold in 2012 in Lyon Hoag have gone for 5% more than their list price on average. One home sold for more than 20% above asking, a four bedroom on Clarendon which was listed for $1,398,000 and sold for $1,755,000!

Lyon Hoag is typically one of the lower priced neighborhoods in Burlingame, though like most neighborhoods there is a wide range of selling values. Average price per square feet are just above $525 and average/median selling values often fall in the $800,000-$1,000,000 range. Home prices may rise if sellers adjust their asking price upwards in response to multiple bids above list prices. The five homes sold in 2012 have averaged over $1,000,000 with an average price per square feet of nearly $600.

Thinking of buying or selling a home in Lyon Hoag?

If you’re interested in learning more about the Lyon Hoag real estate market, considering selling your home in Lyon Hoag, or thinking about moving to Lyon Hoag, please drop me a line and I’d love to connect with you.

By The Numbers – Lyon Hoag Real Estate for April 2012

For additional information, please see MLS details below.

To search for more Hillsborough Real Estate, click here.

445 Pullman Rd, Hillsborough, CA 94010 (MLS # 81216200)

Was $4,988,000 last year! Ideal for family or company compound. Cty. sq.ft. incorrect. Prestigious Carolands gated estate on MOL 2 level ac. can be 5 bd/2-car gar. or 4 bd. & converted 5-car gar. Separate guest house and artist studio. Main house has 2/2 up and 1/1 down. Beautifully landscaped. Gorgeous canyon view, pool and tennis court. Country-club living.

Property Type(s): Residential, Detached Single Family

Last Updated	5/18/2012	Tract	Carolands
Year Built	1961	Community	Carolands Etc.
Garage Spaces	n/a	County	n/a
Total Parking	n/a	Walk Score ®	12

Additional Details

Features

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Marilyn Porto, Coldwell Banker

(view all details for MLS #81216200)

For additional information, please see MLS details below.

To search for more Hillsborough Real Estate, click here.

We're sorry, but we couldn't find MLS # 81216398 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

For additional information, please see MLS  details below.

To search for more Burlingame Real Estate, click here.

3075 Hillside Dr, Burlingame, CA 94010 (MLS # 81216617)

Beautiful Burlingame Hills home on 15,030 sq. ft. lot. Boasting 3 bedrooms, 2 updated baths, living room with fireplace, updated kitchen w/breakfast bar and family room. The large sunroom leads out to one of the two landscaped yards. A detached shed which could be used as office sits off one on the backyards. A must see home!

Property Type(s): Residential, Detached Single Family

Last Updated	5/14/2012	Tract	n/a
Year Built	1950	Community	Burlingame Hills / Skyline Terrace
Garage Spaces	n/a	County	n/a
Total Parking	n/a	Walk Score ®	8

Additional Details

Features

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Michael Robles, Coldwell Banker-Burlingame

(view all details for MLS #81216617)

Last month, we noted that the City of San Mateo real estate market was becoming increasingly inventory constrained. The trend continues in April 2012.  The typical seasonal pattern is for the inventory of unsold homes to peak in the summer, when most sales activity occurs and trough in the winter holiday period. Instead of increasing to start the year, as it has in most prior years, inventory continues to decline in San Mateo. (In the chart below, the first four months of every year are shaded black to make it easier to see the seasonal pattern). There were less than 70 homes for sale in San Mateo at the end of April 2012, the lowest April total in many years, and the lowest total in any month since March 2005. At the end of April 2011 there were 162 homes for sale, so each buyer now has less than half the number of homes from which to choose!

Sales Activity Continues to be Strong

Through the first four months of 2012, there have been 192 homes sold, as compared to 166 homes sold in the first four months of 2011. At the current rate, there would be just under 700 homes sold in San Mateo in 2012. There hasn’t been more than 600 homes sold in a year since 2006. Higher sales have been a contributing factor to lower inventory. Another factor is that there have been fewer new listings. In 2011, new listings were down seven percent from 2010. So far in 2012, they are down another nine percent.

One Sign of Firm Pricing

Through the first four months of 2012, the average home sold in San Mateo did so for the same as its asking price. Put differently, the average ratio of sales price to list price has been 100%. It was below 100% each year from 2008 to 2011, a time that was characterized by flat/falling prices. A ratio at or above 100% signals that buyers are not routinely successfully bidding below asking prices.  Indeed, the number of homes with multiple offers and offers above asking prices has increased in recent months. This is likely due to the combination of steady demand and a dearth of supply on the market.

Average selling values, median selling values and average prices per square feet have all been fairly flat in 2012. Measuring trends in selling values in the San Mateo real estate market can be difficult because of the wide range of neighborhoods. When homes in some areas sell for less than $500,000, while others are well above $1 million, a random shift to more homes selling in one type of neighborhood versus another can impact average and median selling values.

Thinking of buying or selling a home in San Mateo?

If you’re interested in learning more about the San Mateo real estate market, considering selling your home in San Mateo, or thinking about moving to San Mateo, please drop me a line and I’d love to connect with you.

By The Numbers – San Mateo Real Estate for 2012

Robust sales activity has increased competition between buyers, and we are now seeing more homes with multiple offers, and more offers above asking prices. Read more below for the full landscape.

After a modest start to the year in Burlingame sales activity has been strong in the past two months, with 21 homes sold in March 2012 and 24 homes sold in April 2012. Through the first four months of the year, there have been 61 homes sold, up from 46 homes sold in 2011.

Last month we commented that without an influx of new listings, sales activity would not be able to sustain the high level seen in March 2012. The reason is that the level of inventory was extremely low, with under 30 homes for sale. Well, April 2012 did see a lot of new listings, 38 to be exact. Although inventory still remains very tight, it did increase a bit from March 2012 levels. At the end of April 2012 there were 45 homes for sale left on the market, down slightly from the April 2011 level of 51 homes, and down sharply from the April 2010 level of 68 homes.

Overall, the market is still inventory constrained. It can remain constrained even if inventory rises through the summer. The summer months are the most active for real estate transactions. Listings, sales and inventory are typically the highest during this time period, as many buyers and sellers are looking to move without disrupting their children’s school schedules.

Signs of Upward Price Pressure

When real estate prices are rising (or falling), one of the initial signs can sometimes be seen in the average sales price to list price ratio. This ratio is not perfect as it does not properly account for homes that are pulled off the market and then re-listed at a lower price. However, when the ratio increases, it is a strong indicator that sellers are receiving better offers relative to their asking prices than sellers had been.

In Burlingame, the average sales price to list price ratio languished under 100 from 2008 to 2011. During this time period, sellers were often accepting offers at or below their asking price. 2012 has been a different story with the ratio averaging over 100. The average home sold in Burlingame in the first four months of 2012 went for more than its list price. This is a clear sign of upward price pressure!

The traditional measures of selling values, median prices and average prices, appear to have hit a bottom in early 2011, with some minimal signs of price increase since then. However, these measures are often not reliable indicators for short-term price movements when looking at small areas like Burlingame. The reason is that they are significantly impacted by the size and location of homes that are being sold. In a small area, random fluctuations take longer to cancel themselves out.

The average price per square foot is showing signs of continued increase. The 12 months moving average was $610 in April 2012, up from $591 in July 2011. In seven of the last nine months, the average price per square foot has been above $610.  In the nine months prior to that, it was above $600 only once.

Here are some interesting tidbits on a slightly longer term view of prices in Burlingame compared to the rest of the Bay Area. Selling values in 2012 are at about the same level as late 2004 in Burlingame. For the entire Bay Area, homes sold in 2012 are selling for about 30% less than they did in late 2004. Real estate is local!

Thinking of buying or selling a home in Burlingame?

If you’re interested in learning more about the Burlingame real estate market, considering selling your home in Burlingame, or thinking about moving to Burlingame, please drop me a line and I’d love to connect with you.

By The Numbers – Burlingame Real Estate for April 2012

The San Carlos real estate market remains extremely inventory constrained. Inventory was low at the end of 2011 and has actually fallen further in 2012, completely against the typical seasonal pattern evident in at least the past seven years. There were less than 25 homes for sale in San Carlos at the end of April 2012, the lowest April total in many years, and the lowest total in any month since December 2004. At the current sales rate, there is about 3 weeks of supply on the market. Over the past few there years there has normally been 3 months of supply on the market.

Sales Up in 2012

One of the driving factors in the inventory decline has been a rise in sales. In the first four months of 2012, there were 96 homes sold, as compared to 69 homes sold in the first four months of 2011.

Another variable pushing down inventory is that the number of listings is falling. There have been 122 homes newly listed onto the market in last four months, down from 160 homes in the first four months of 2011.

The combination of sales activity up 39% and the supply of new listings down 23% has pushed inventory sharply lower.

Even with modest new listings, sales activity can remain elevated for the next few months (indeed, an advance measure of sales that looks at accepted, but not closed offers, suggests strong sales again in May). However, unless lots of new listings come onto the market, expect sales activity to be tepid for most of the rest of the year. There just are not enough homes for sale out there.

This becomes clear when looking at the average days on market. The average home sold in San Carlos in 2012 was on the market for 42 days, up from 27 days in the same period in 2011. Is the average home really taking 2 weeks longer to sell? Not likely, given the lack of inventory. Rather, homes that languished on the market for multiple months and would normally not get any takers are being sold. For a short while this raises the average days on market. Once these homes are gone the average days on market should decline sharply.

Few Signs of Price Appreciation, Yet

When inventory levels fall sharply, prices often rise in response as buyers have to compete against each other for fewer and fewer for sale homes. To-date, we have not seen strong signs of price appreciation in San Carlos. In fact, despite some up and down blips, average and median selling values remain in the $910,000-$950,000 range. The average price per square foot has remained approximately $540 for the past eighteen months.

The data does suggest that buyers are making offers that match sellers’ asking prices. The average sales price to list price ratio has averaged 100 in 2012. (A reading above 100 means that the sales price was higher than the final asking price). The ratio was below 100 ever year from 2008 to 2011 (when prices were flat/falling) and above 100 every year from 2004 to 2007 (when prices were rising).

Thinking of buying or selling a home in San Carlos?

If you’re interested in learning more about the San Carlos real estate market, considering selling your home in San Carlos, or thinking about moving to San Carlos, please drop me a line and I’d love to connect with you.

By The Numbers – San Carlos Real Estate for 2012

After a very quiet start to the year in Hillsborough, sales activity has picked up in the last two months. In April 2012 there were 14 homes sold. In the first four months of 2012, there have been 35 homes sold, down from 40 in the same period in 2011. (Keep in mind that 137 homes were sold in 2011, the most since 2005, so the 2012 sales pace is not too slow).

Some of the slow-down in sales activity might be related to the constrained level of inventory. At the end of April 2012, there were 55 homes for sale in Hillsborough.  At the same point last there were 66 homes for sale and in 2010 there were 77 homes left unsold at the end of April. With less available inventory, buyers are not as easily able to find homes that meet their requirements, pushing down the number of transactions.

Prices Appear Steady

On a 12 month moving average basis, median and average selling values have been relatively flat over the past half-year. An average home in Hillsborough will still set you back about $2.5 million for about 4,000 square feet (along with the excellent schools, large lots and safe surroundings).

A big driver of the total cost of a home in Hillsborough is the large size of homes in the city. The average price per square foot is about $680, approximately 10 percent higher than in neighboring Burlingame. However, because the average home sold in Hillsborough is 4,000 square feet, versus just under 2,000 square feet in Burlingame, the difference in average selling values is more than 100 percent.

One sign pointing towards firmer selling values is that the average sales price to list price ratio in the first four months of 2012 is at the highest level since 2008. Interestingly, the ratio is typically below 100% in Hillsborough (even in the boom years of 2004 and 2005 when prices were rising sharply). This suggests that even in a normal market in Hillsborough, sellers accept offers below their asking price. In 2012, the ratio has been 96.6%, and it was as low as 94.5% in 2009.

Thinking of buying or selling a home in Hillsborough?

If you’re interested in learning more about the Hillsborough real estate market, considering selling your home in Hillsborough, or thinking about moving to Hillsborough, please drop me a line and I’d love to connect with you.

By The Numbers – Hillsborough Real Estate for 2012

For additional information, please see MLS details below.

To search more Burlingame Real Estate, click here.

We're sorry, but we couldn't find MLS # 109BloomfieldRoadinBurlingame in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Hanh Dung - Son (Photo credit: Wikipedia)

For most married couples who only own community property assets and have the name of both spouses on all of the assets, the healthy spouse should be able to continue paying the bills and managing the assets, including any real property, if something happens to the other spouse.  However, if you are not married or if you are married but own separate property (which was owned prior to the marriage or was gifted or inherited after the marriage), and the title is only held in your name, no one else will be able to control your property/separate property assets without court intervention unless you plan ahead and take certain actions without delay.

If a revocable living trust has been executed (and the assets have been transferred to the trust) then the person you named as your successor trustee may step in and make decisions concerning the assets if you are not able to make decisions.  This allows for a smooth transition and the successor trustee can make mortgage payments, pay taxes, make necessary improvements to the property, collect rent, etc.

A successor trustee will only have control of trust assets, so even if a revocable living trust has been executed it is advisable to execute a power of attorney for financial management.  A durable power of attorney will allow you to designate another person to assist you with the management of your non-trust assets.  However, if you have not executed a trust, your agent would have control over all of your assets.  If you are incapacitated, the person designated as your “agent” under the power of attorney would have the ability to control those non-trust assets, negotiate with the Social Security Administration, or represent you in a personal injury lawsuit.  The idea is to utilize estate planning documents to nominate someone to control each different type of asset in your estate without the necessity of court intervention.

Without an estate plan and prior planning, no one has the authority to pay your mortgage, property expenses or collect rents until a representative or conservator is appointed by the court.  A petition for conservatorship could be filed by the person’s spouse or loved one and only then would the person appointed by the judge have the authority to take control of the conservatee’s personal care as well as assets.   The conservator is given the task of locating and changing the title on all assets; collecting all income; paying bills; investing money and protecting the assets. Although, the conservator of the estate is given broad control over the assets, but the process is supervised by the court and all actions must be approved by the judge.  The conservator is also required to report to the court and to prepare annual accountings which can be expensive and time consuming.  Planning ahead and executing a power of attorney can allow your nominated agent to make decisions on your behalf without the cost and expense of requiring such court intervention.

This article is intended to provide general information and should not be relied upon as legal advice.  You should consult with an attorney about your particular circumstances before taking any action.

For additional information, please see MLS details below.

To search for more Hillsborough Real Estate, click here.

45 Falkirk Ln, Hillsborough, CA 94010 (MLS # 81214934)

Beautifully updated Country English family home of 6 bedrooms including entire upstairs master level retreat! Master suite bath includes steam shower, sauna and jet tub. Spacious family room kitchen with state of the art appliances, elegant step down living room, formal dining room and entry. Approx .51 acre with flat, sun filled back yard with pool and spa and gazebo.

Property Type(s): Residential, Detached Single Family

Last Updated	5/10/2012	Tract	n/a
Year Built	1975	Community	Lakeview
Garage Spaces	n/a	County	n/a
Total Parking	n/a	Walk Score ®	14

Additional Details

Features

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Pierre Buljan, Coldwell Banker Residential

(view all details for MLS #81214934)

For additional information, please see MLS details below.

To search more Hillsborough Real Estate, click here.

We're sorry, but we couldn't find MLS # 81215407 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

For additional information, please see MLS details below.

To search for more Burlingame Real Estate, click here.

We're sorry, but we couldn't find MLS # 81215348 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

San Mateo County Fair_02 (Photo credit: randychiu)

The San Mateo Mothers Club is for expectant moms and moms in the San Mateo area with children from birth to 5 years.  The club not only has activities like play groups, they also have an active outreach program, adult socials and “in-a-pinch” services for new moms. SMCC’s membership of more than 300 families reflects San Mateo’s diversity, and moms will find that the group shares similar child-rearing experiences.

Play Groups 

Depending on the group, the number of moms per play group varies.  You might have as few as three or as many as ten moms in any group.  The groups meet at parks, homes or other locations chosen by the members.  SMCC also holds an open play group once a week. To contact the play group coordinator, click here.

Children’s Outings 

Some past outings include a fire station tour, berry picking at Phips, a trip to the Children’s Discovery Museum, Kindermusik class and Art in the Box classes.  All outings are planned to be age-appropriate.

Adult Socials 

One of the things moms with young children crave is the chance to spend time with other grownups.  Adult socials give moms the chance to meet other moms in a fun, social setting.  Some past events include cooking and cake decorating classes, tea at the Ritz and the annual mom’s weekend away.

In-a-Pinch (IAP) 

The in-a-pinch program is there to help club members during a family emergency or other major life event.  IAP volunteers normally provide evening meals, but if you need some assistance with errands or grocery shopping, that can be arranged.  The in-a-pinch program can be a lifesaver for families with a new baby or when bed rest due to pregnancy, illness or surgery makes dealing with your daily routine difficult.

IAP volunteers most often provide evening meals, but other assistance, such as running errands or grocery shopping, can be arranged if needed.  Meals are usually provided by the moms in your particular playgroup, but additional volunteers are always needed.

SMCC members also communicate through Big Tent, the online resource for the group calendar, an email forum, classifieds and more.

Membership dues are $42 per year and are prorated for new members.  For all the information you need, and to join online, click here.  You may also join at the monthly general meeting, held on the second Tuesday of each month at The Garden Center at 605 Parkside Way.  The meeting runs from 7 pm – 9 pm.  For the first 30 minutes, socialize and grab some snacks.  (Babes in arms are welcome.)

Phone:  650.286.3404

Chances are you’ve seen a home for sale in Burlingame, for example, that says in the MLS marketing remarks that it’s a probate sale. This post will hopefully give you a better idea of what probate is, how the process works, and how it may affect you.

A probate is the court supervised process of proving that the decedent’s will (the person who has died) is valid, inventorying the decedent’s property, paying outstanding debts, and distributing the property to the decedent’s legal heirs in accordance with the will. In the case of real property, the probate provides a process that allows the property to pass with a clear title.

Image via Wikipedia

The estate representative will be an executor if the decedent had a will or an administrator if the decedent did not. In the majority of cases, the representative is granted powers through the Independent Administration of Estates Act (IAEA) unless the will prohibits it, the appointment is contested, or the representative cannot obtain a bond to insure his or her actions because of a poor credit rating or a criminal record. If IAEA powers are granted, real property may be sold without court confirmation. The representative is still required to send a Notice of the Proposed Action to the decedent’s heirs to let them know what is happening, but the representative is able to negotiate the price and terms of the sale, and the sale will not differ from any other transaction.

If the sale of the home is required to be confirmed by the court, the purchase agreement must total at least 90% of the probate court referee’s appraised value of the property and the appraisal may not be more than a year old. Where a probate sale is a little different from “normal” sales is that the buyer is required to deposit 10% of the purchase price right away into the escrow account (most sales typically have a 3% deposit).  The sale is then advertised in the local newspapers and the court schedules a hearing thirty days later to conduct a public confirmation of the sale.

At the hearing, which usually lasts about ten to fifteen minutes, the judge announces the purchase price and any member of the public has the opportunity to make an overbid at that time in court for the property.  The minimum first overbid, however, must exceed the accepted offer by at least 10% of the first $10,000 and 5% of the balance. In addition, the offer must be unconditional — with no contingencies — so all inspections must be completed beforehand.  Before an overbid can be approved by the court, the purchaser must also be pre-approved for the loan and a cashier’s check must be presented for a deposit equal to 10% of the final purchase price. This strategy is not for everyone — many home buyers prefer not to have inspections done at their expense prior to even knowing if they’ll be getting the home. However, if you’re an investor or contractor, it could be a good opportunity if you’re willing to be all of your due diligence ahead of time (but still not knowing if you’d even win in an overbid situation).

If the sale is confirmed to someone making an overbid, the original purchaser will be refunded their deposit. Thus, there is no risk of the original purchaser losing the deposit if the sale is not confirmed. However, if the overbidder fails to complete the transaction, he or she will lose the deposit. For this reason, few sales actually attract overbids at the court hearing and the process affords the opportunity to buy the property at a discounted price with less competition.

In the majority of cases, buying a house from a probate can be completed quickly and the process is the same as any other transaction. Every estate is eager and motivated to sell the property and the confirmation process may allow you to purchase estate property for a great price and with less competition. With the help of an experienced real estate agent, you should not be afraid to make an offer and purchase a probate property.

This article is intended to provide general information and should not be relied upon as legal advice.  You should consult with an attorney about your particular circumstances before taking any action.

The raw data:

And in a more pleasing full screen format:

Dog training in Dovedale This pair of border collies had obviously had a field day splashing about in the river. Their owner is pictured here calming them down by running though a well rehearsed paw lifting obedience routine. (Photo credit: Wikipedia)

Everyone knows that pets help relieve stress and lower blood pressure, and now you can adopt a pet at the Hillsdale Mall on the third Saturday of every month.  The Peninsula Humane Society and SPCA will be hosting adoptions in Macy’s Center Court.

PHS has everything you need to know to make life with your pet comfortable and safe.  From their low-cost vaccination clinics to Pet Loss Grief Support Groups, if a pet is part of your life, PHS can help.

Don’t be afraid that you will be on your own once you adopt your pet.  PHS has ongoing programs to help you be a good parent.

Every Saturday they host Dog Day Mornings, where dogs can romp and play off-leash in a supervised atmosphere.  There are two sessions – 9:30 AM – 10:30 AM for dogs of all shapes and sizes, and 10:30 AM – 11:30 AM, which is just for small dogs.  Your dogs must be current on their vaccinations, have attended a basic obedience class, and if they are more than 6 months old, they must be altered.  This program will be good for your dog whether he is a social butterfly or a wallflower.

Dog Day Evenings is a program for dogs 6 months or older and over 40 pounds.   They can socialize in an indoor/outdoor facility, rain or shine.  The group provides supervised playtime with a professional trainer, who monitors dog interactions.  Dogs must be current on vaccinations, have attended basic obedience class and must be altered.

If your dog has just joined your family or has not had obedience training, there are year-round classes.  Classes are 6 or 8 one-hour sessions and are limited to 12 dogs.  Discounts are available for PHS/SPCA members, for dogs adopted from PHS/SPCA, and for seniors.

To register for any of these events, contact traiing@phs-spca.org and provide your name, mailing address and phone number.

Dog Day Mornings or Evenings:  Cost – $5 per session or save with a 6-sesson card for $25.  For information or to enroll call 6450-340-7022 extension 784.

That being said, part of being an effective Realtor is the ability to know how to ask the right questions. So, I thought I’d share a quick story about my grandfather. He was an old school, old fashioned kind of guy. He grew up in the Depression in a poor family in New Jersey as one of ten children. In seventh grade, he dropped out of school and shined shoes and delivered newspapers. He noticed the Business section one day and thought the high school economics classes should get daily copies for the students to read. So he asked around, found out nobody was doing it, and and soon became the supplier to the high school. He’d buy the papers for a penny and sell them for two. The school loved it, and he provided a valuable service. He knew how to ask the right questions.

Knowing how to ask the right questions is what frequently helps me get the job done for my clients. Just recently, a client of mine wanted to write an offer on a home that we knew was drawing significant interest. The listing agent said all offers would be reviewed in a couple days at a certain time. Naturally, I asked the listing agent what was important to the seller (aside from price, of course) so that we could structure our offer in the most attractive way possible, in addition to asking detailed questions about the home. It turned out the sellers needed a little extra time in their home after close for some personal reasons. I advised my client to consider allowing the seller the option to stay in their home after close (commonly referred to as ‘seller occupancy’ or a ‘rentback period’) for several weeks. We included this is our offer, which I presented in person to both the listing agent and sellers at her office. We were one of four offers, though I was only one of two agents who presented in person (the other two agents emailed their offers in). After sharing the details of my clients’ offer and why he loved the home with the sellers, I waited in the hallway. I felt I had given a thorough presentation and represented my client well. About twenty minutes later, the listing agent came out to tell me that our offer was accepted. She said it meant a lot to her clients that I was the only one who had bothered to ask what was important to them and what they were hoping for, and that was why they wanted to work with us. I then went back into the room with the sellers and they said how excited they were to be working with us and they knew they had made the right decision (this is important as it set a positive tone for the rest of the transaction). It just goes to show that showing up, exercising “common sense”, and knowing what to ask can make the difference for getting the home, or going back to the drawing board. And, in an ultra competitive real estate market like Burlingame, Hillsborough, or San Mateo, having the right Realtor piloting the plane for you can make a big difference.

Sam the Hardware Store Gal (Photo credit: Wikipedia)

In this day and age of big box stores, it’s refreshing to now there’s still a high quality and locally owned hardware store succeeding right in the heart of downtown San Mateo.

Enter Wisnom’s Hardware (originally named Wisnom-Bonner Hardware), located at 545 First Street. Wisnom’s was founded in 1905 by Robert James Wisnom, William Wisnom and Robert Bonner.  The business sold mostly building supplies; hammers and nails, nuts and bolts, horseshoe nails and barbed wire. In the 1920s, they sold and serviced Dodge automobiles, and later added stoves, refrigerators, phonographs and records, and they even had listening booths located in the store.

Robert J. apparently numbered among the millions of law biding citizens who did not adhere to the Eighteenth Amendment. During Prohibition, local legend says Wisnom stored bootleg alcohol in kegs in a barn behind the store.

The store is now operated by the fourth generation of the Wisnom family and carrie everything from paint to bakeware to skincare products and greeting cards.

Utilities

-  Water:  Sign up in person at City Hall or by faxing in an application
-  Garbage and recycling: Call Recology at (650) 595-3900 or sign up online
-  Gas and Electric: Call PG&E at 800-743-5000  or sign up online

Dining Options

- Read my extensive guide on Raziel’s Favorite Burlingame Restaurants & Places to Eat

- Here’s a snippet from my favorite bakery:

Burlingame Community News

- Sign up for the Burlingame e-News newsletter published by the City of Burlingame. A weekly no-frills update of upcoming activities and City related news enjoyed by many residents.

- View upcoming events in the Burlingame community on Raziel’s blog, or check out my latest Burlingame Buzz videos.

Neighborhood Safety & Getting to Know Your Neighbors

- The Burlingame Neighborhood Network is broken down by area and is designed to help you better know your neighbors, and develop a plan in case of emergency.
- Sign up for San Mateo County’s Community Alert System (SMC Alert) — it will notify you via text message or email of emergencies like mountain lion sightings, oil spills, etc. I usually only get one or two messages a month. 
- Sign up for the City of Burlingame Rapid Notify community alert system.

Burlingame Citizens Academy

If you really want to get to know the inner workings of how things get done in Burlingame, I’d highly recommend taking this course. It is well organized and each class is its own field trip. I loved it. Here is the City’s description of the program:

Learn how the City of Burlingame is operated during this informative course offered on the second Wednesday of each month from September through May. Throughout the course participants will visit a variety of City facilities and become informed about the City’s management goals, functions and processes. This 8-session class also offers citizes a chance to come together to take an in-depth look at government operations, while getting to know one another and reigniting that sense of community. The final class will be “graduation” ceremony held at the City Council meeting.

Burlingame Public Library events

Subscribe to the Library’s e-newsletter to stay informed about all of its wonderful, expansive programming.

Working Out

- We have 15 public parks in Burlingame with lots of activities
- Washington Park (popular playground area, basketball and tennis courts) is adjacent to Burlingame High School and all of its athletic facilities (state of the art seven lane track, multiple grassy fields, baseball stadium (with ivy covered fences that make you feel like you’re at Wrigley Field!)
- Park Road Fitness is a locally owned private training gym that offers personal training at the highest level, plus they have an awesome large outdoor exercise area, and it’s only two blocks off Burlingame Avenue

- Prime Time Athletic Club is Burlingame’s oldest athletic club, and has tennis courts, basketball, a swimming pool, racquetball, and squash courts
- The Burlingame Aquatic Center at Burlingame High School is one of the gems of the community, and it’s the biggest public swimming pool between San Francisco and Santa Clara. It’s typically in use during the school day but is open to the public for early in the morning and again later in the day. For those who enjoy a structured Masters program or are interested in adult water polo, check out the Burlingame Aquatic Club’s website. To check community lap swim times, click here.

Best Places to go for a Walk or Run

- One of Burlingame’s kept secrets is the paved trail along the bayfront where all the airport hotels are located. Once you drive over the Broadway overpass, there’s plenty of places to park along the water (or any hotel parking lot that has public access). You can walk, run, jog, or bike along a beautiful breezy stretch of the Bay, and the trail goes all the way down to Redwood Shores too.
- Crystal Springs/Sawyer Camp Trail in San Mateo along the Cystal Springs Reservoir
- Walk through the streets of Hillsborough around the Burlingame Country Club near Sharon & Eucalyptus

Do you have kids or are you expecting? 

The Burlingame Mothers Club has approximately 1,800 members — all moms who are expecting or have children who are 5 and under — and the membership is drawn from the Burlingame, Hillsborough, and San Mateo communities. I have many clients who are members of the Mothers Club and they’ve told me it’s a great way for them to connect with other mothers to make friends, play dates, and get connected to the community.

Sports leagues for children: AYSO soccer, BYBA (Burlingame Youth Baseball Association), Burlingame Soccer Club

Awesome children’s story times (nearly 400 a year!) at the Burlingame Public Library on Primrose (two blocks north of Burlingame Avenue) and the Easton Branch in the Easton Addition neighborhood

Farmer’s Market

Make sure to check out the Farmer’s Market which is almost year round which starts next to the Apple Store on Burlingame Avenue — Thursday nights and Sunday mornings! From the Chamber of Commerce website:

The market runs every Sunday morning from April through December, 9:00 a.m. to 1:30 p.m. and every Thursday afternoon from May through mid- September from 4:00 p.m. to 8:00 p.m. Burlingame Fresh Markets are certified markets featuring California growers who deliver seasonal produce and flowers, including many organic items. There are also retail stalls presenting local food products. Operated by the Chamber of Commerce, the market is known to have musical entertainment, a balloon man for the children and local artisans.

Schools

Trying to figure out how to register for a public elementary or middle school in Burlingame? Visit the registration page for the school district. Registering for Burlingame High School? Click here.

Cultural Events

Music at Kohl is the peninsula’s longest running chamber music series, and it takes place at Kohl Mansion right in the heart of the East Addition. Events are typically monthly.

Yearly Events: Art in the Park (June), Burlingame Criterium road cycling event & Ryan’s Ride for kids (July), Jazzfest on Burlingame Avenue, Roosevelt Elementary School’s Chili Cook Off, Burlingame Pet Parade

Grocery Stores

We’re fortunate to have so many quality grocery stores within a few minutes of practically every home in Burlingame.
In downtown Burlingame: Safeway, Mollie Stones; on Broadway – Earthbeam, Adeline Market – quick things in Easton Addition

Closest Hospital

Not only are we fortunate to have our own hospital, but we have one of the newest ones in California, and the most seismically safe one in the state. Opened in early 2011 at a cost of nearly $700 million, this state of the art place run by Sutter Health is an excellent place to seek medical care (though I haven’t been treated there myself, only heard). If you need to go to the ER, it’s the closest one to go to.

Auto Repair

Yes, I am often asked this question which is why it’s here. I highly recommend A+ Japanese Auto Repair in San Carlos, right near the REI on Industrial Road off of 101. Though they’re not in Burlingame (I wish they were!), they do have a complimentary pick up and drop off service which makes their location negligible. Their rates are fair and I’ve always had positive reviews from the many clients and friends I’ve referred to A+. The shop is owned by two brothers, Eric and Adam Sevim, and they’re all about making sure their customers have a positive experience with them. I am sure there are some great auto repair shops in Burlingame, though I just don’t know any personally.

History

Are you curious about our history? Watch my two minute Burlingame Buzz video for a fun step back in time.

Real Estate News

Read my latest market analyses and see the latest stats for Burlingame.

Want more?

To follow all of my latest releases of Burlingame Buzz videos (usually or two a month), subscribe to my YouTube channel.

Filoli gardens, Woodside, California, USA. (Photo credit: Wikipedia)

Filoli Mansion and Gardens, located 30 miles south of San Francisco (in Woodside) is recognized as one of the finest country estates of the early 20^th century.  Filoli is a historic site of the National Trust for Historic Preservation and is dedicated to the preservation, interpretation and stewardship of the cultural traditions and natural history of this country estate for public education and enjoyment.

Now that winter is over and Filoli’s gardens are beginning to bloom, it’s the perfect time to welcome the new season.  Bring the whole family to the Spring Fling.

Take a stroll on the paths and enjoy the colors and fragrances of tulips, camellias and magnolias.  The Bubblesmith is back to amuse children and adults alike, and the Fortis Agility Sports Training Group will put their talented dogs through their paces.  In addition to alpacas and a miniature horse for petting, puppies in training to become Guide dogs will also be in attendance.

In the Front Courtyard, children can get their faces painted or get creative at the craft tables.  Inside the House, you will be stunned by the amazing floral displays created by Filoli Volunteers.  In the Ballroom, Heather Rodgers will perform magic and Nick Barone will entertain with his puppet show.

In the Garden Shop Courtyard, sample Filoli products and other tasty treats.  Freshly-made popcorn is complimentary, and there will be lemonade, cookies and other beverages will be for sale.

The Shorebirds Band provides musical entertainment near the Sunken Garden, and Joe’s Jazz Ensemble will perform at the tennis court as you relax with a boxed lunch.  Please note:  boxed lunches must be ordered and purchased by 4 PM on Monday, March 26.  If you prefer, the Filoli Café is another option for lunch.

Not convinced yet?  Garden Docents will be available to answer your questions about the plants, trees and flowers planted on the grounds, and children can test their green thumbs by potting a spring plant in a pot they can decorate to take home.

Where:  86 Cañada Road, Woodside
When:   March 28th, 10 AM – 3:30 PM
Phone: (650) 364-8300

A Map of Preschools in San Mateo:

View San Mateo preschools in a full screen map

Bay Meadows Kinder Care 

Bay Meadows Kinder Care, located on Wayne Way and right next to Whole Foods at Bay Meadows, is a play-based program for children ages 18 months – 6 years.  Kinder Care devises innovative and interesting ways of learning for toddlers along with ample companionship. Kinder Care gives children opportunities to grow, learn and develop in a caring and stimulating atmosphere.  The center is open from 6:30 am – 6:00 pm, providing a full-day program for working families.

Contact:  650-577-0257, contactus@kindercare.com

Beresford Montessori

Beresford Montessori is located on Gum Street in the Hayward Park neighborhood.  Beresford Montessori provides a safe environment for children where they are nurtured, loved and encouraged to learn.  The school offers a quality year-round preschool and kindergarten program as well as an afternoon Spanish immersion program and summer camps. A typical day includes free play time, curriculum activities, music, free choice (where children direct themselves to age appropriate activities), playground time, and story time.  School is in session from 8:30 am – 3:30 pm.  (Spanish immersion program hours are 3:30 pm – 5 pm during the school year.)

Contact:  650-571-8749, beresfordmontessori@yahoo.com

Bright Beginnings Montessori Preschool

Located in San Mateo’s Aragon neighborhood on Hobart Street, Bright Beginnings is a year-round developmental program based on the Montessori philosophy. The school helps to develop social skills, self-esteem and motivation while fostering a child’s natural desire to learn.  While creativity is encouraged, there is also a framework through which each child can develop self-discipline and personal strength.  Click here for information about the Pre-K program. Choose a two, three or five day school week.  Click here for tuition costs.

Contact: 650-571-0343, joanne_brightbeginning@msn.com

Building Kidz School

Located in the Beresford Manor neighborhood, Building Kidz School provides infant care, preschool and kindergarten, where caregivers nurture children with individual attention and intellectual and physical stimulation.  The preschool program provides a rich classroom environment where children are encouraged to explore and learn, while making friends and developing self-confidence.  Memory games and hands-on experiences combine creative expression with a tactile experience. Because arts education helps to create a climate supportive of active and self-directed learning, Building Kidz exposes children to performing arts to develop confidence, self-esteem and helps each child recognize and explore his/her own artistic abilities.

Contact:  650-212-5439, buildingkidz07@yahoo.com

Bunker Hill Parent Co-op

Located in the Crystal Springs United Methodist Church, Bunker Hill is a parent cooperative which encourages the grown and learning of both children and parents.  It provides a nurturing environment in which children develop socially, emotionally, intellectually and physically through play, new experiences and adult/child interaction. In the woodsy setting, children enjoy a natural world of discovery while playing outdoors.  The playground includes a tricycle path, climbing structure, sandbox, playhouse, garden and waterway. Indoors, children are free to explore three thematic rooms: The Discover Room provides puzzles, table toys, a science table and hundreds of books. The Block Room accommodates circle time, block-play, music, dramatic play and dress-up and includes a fully equipped playhouse. The Art Room offers a variety of projects including painting, play-dough, cooking and use of the Creation Station.

This cooperative school requires parent participation based on the number of days a child attends.  Click here for more information about parent participation and tuition costs.

Ganon Early Childhood Learning Center at Peninsula Temple Beth El

The Ganon Early Childhood Learning Center focuses on individualized, developmentally appropriate care and curriculum for children ages 12 weeks through preschool. Located in the Beresford neighborhood, the program prepares children for kindergarten and emphasizes Jewish traditions and values of kindness, charity and cooperation.  The infant, toddler and preschool programs have been designed to provide a nurturing, secure, dependable environment.

The Ganon Infant/Toddler and Preschool Center is open for full time enrollment only, Monday through Friday, 7 am – 6 pm, year-round, with the exception of major Jewish or national holidays.  There are seven classrooms, a spacious and sunny yard filled with equipment for each child to enjoy.  In this loving and warm atmosphere, children can explore their environment through both choice and structured play experience.  Music, rhythm and movement, art, games and puzzles, wheel toys, cars, balls, a sandbox, two wading pools and a sand and water table help children develop language and muscle skills. Children are introduced to Jewish holidays sand Shabbat celebrations through the use of songs, food, stories and craft projects.  Toddlers through preschoolers bake challah for Shabbat weekly. Tours are scheduled daily, so call or email to schedule your visit or for more information.

Contact: 650-341-7701, mail@ptbe.org

Hope Lutheran School

Hope Lutheran Preschool offers young children a Christian setting in which to grown, learn and develop physically, intellectually, emotionally and socially.  There are 3 class sessions:  MWF –  9 – 11:30 (18 students, 3 teachers)

Pre-K     MWF – 12:30 – 3 (18 students, 3 teachers); T/TH –   9 – 11:30 (14 – 16 students, 3 teachers)

For more information about admissions and tuition, call 650-345-8438 or email Jeanne McCarthy, Preschool Director at teacherjeannek@yahoo.com, or 640-345-8438

La Creche Child Development Center

Located in the Beresford Manor neighborhood, La Crèche is a program committed to providing developmentally age appropriate programs for children while supporting teachers, families and the community.  The unique strengths of each child are nurtured while self reliance, creativity and empathy for others is encouraged. Age appropriate programs for children ages 2 – 6 are offered, in addition to full-day programs for infants and toddlers. The preschool program has a set curriculum that incorporates science, music, movement, social studies, art, math and reading in a fun, loving environment.  Special programs including Spanish and French language skills, yoga, cooking, science and gardening projects help enrich the lives of the children, and field trips may be planned by individual classroom teachers or the school as a whole. For a full listing of class schedules and a partial tuition list, click here.  To download enrollment forms, click here.   Call 640-638-9300 for additional tuition information.

Contact:  650-638-9300, lacrechecdc@gmail.com

Bayview Montessori School

Bayview Montessori exemplifies the traditions of Montessori schooling and is dedicated to fully supporting the natural development of children ages 2 1/2 – 6. Bayview offers a morning program (8:30 am to 11:30 am) or afternoon program (12:30 pm to 3:30 pm).  Students may be enrolled two, three or five days per week.  In addition to the weekly Spanish language lessons, there are also music and movement classes.  They also offer daily lunch from 11:30 am – 12:30 pm.

Contact: 650-571-1444, info@bayviewmontessori.org

San Mateo Parents’ Nursery School 

Located near Harbor View Park, San Mateo Parents’ Nursery School has been providing enriching learning experiences for children for more than 60 years.  The play-oriented, age appropriate program serves children ages 2 – 5.  SMNS is a parent cooperative preschool requiring parent participation for 3 hours once each week.  (Occasionally there are a limited number of non-participation spots available.  Contact the school for more information about these.)  There are two school sessions each day; mornings from 8:30 am – 2 pm and afternoons from 1 pm – 4 pm.   You may choose a morning or afternoon session, or a full day, 2 – 5 days per week.  You may extend the session with the lunch hour, and the school offers extended hours to make it easier on working parents.

Contact:  650-347-1955

Kindercourt School System

Located in downtown San Mateo, Kindercourt serves infants through pre-kindergarten children.  The “Ducky Group” offers loving, nurturing care for children ages 3 months to 2 years old.  With a 1 to 4 ratio and teachers with specialized training in infant care, your baby is in good hands. Each infant is on an individualized schedule, with specialized activities to meet different stages of development.  Each activity is charted throughout the day to ensure that all needs are being met.  There are also small group activities which include music and movement, arts and crafts and stories and puppets.

Contact: 650-344-6612, Delaware@kindercourt.com

Highland Montessori

Highland Montessori, which was established in 1982, is located on the Burlingame/San Mateo border. Highland offers both 3 and 5 day programs in half day and full day sessions for children ages of 2 -  6.  They also provide childcare before and after school, and they have a summer program which includes cooking classes, drama, art, music and botany. All the teachers at Highland Montessori have over 20 years of Montessori teaching experience and are required to continue their education or keep current on advances in the Early Childhood field through workshops or seminars. The staff all share the beliefs and teaching style consistent with the school’s Montessori philosophy.

Contact:  650-347-6450

Creative Learning Gazelle School

The Creative Learning Gazelle School for children ages 3 – 5 began as a six-week summer school 36 years ago.  The two year program focuses on maximizing learning for children during the crucial two years before kindergarten.  The warm loving, humane environment, with experiences designed to facilitate exploration, creation, sharing, relaxation and choice, the program emphasizes the interaction of children with each other in a program designed to encourage and nurture the expression of each child’s gifts, talents and creative strengths.

Schedule:  Mornings, September through July (the school is closed in August) from 9 am – 11:45 am.  Choose any three mornings per week.  In the second year a fourth or fifth day is possible.

Contact:  650-347-8411, admin@creativelearningschool.org

Kinder Academy Montessori 

Kinder Academy Montessori offers year round preschool and kindergarten programs for children 2 1/ – 6 years old.  The center offers half days, full days and extended care. Kinder Academy Montessori is committed to providing meaningful experiences that aid in the development of the whole child. Children develop self-help skills by doing activities that they observe in their daily routines. These exercises provide opportunities to improve eye-hand coordination, fine motor skills, a sense of order and concentration. A few examples of activities that can be found in this area are: pouring water from one container to another, spooning, using tongs and buttoning frames.

Contact:  640-340-8818, KinderAcademyMontessori@yahoo.com

Little City Kids

At Little City Kids, children learn necessary “kindergarten readiness” skills, but not just by writing on paper.  They are exposed to literature in tactile, artistic and creative ways that provide a world context for meaning.  They don’t just learn their numbers; they learn the fundamental principles of mathematics.  They don’t just learn colors and shapes, they learn about world class art and artists.  All of this knowledge is shared through play. The fantasy classroom and Imagination Stations address the needs and senses of the whole child, immersing each student in an environment that cultivates problem-solving skills and creative thinking.

Contact: little.city.kids.FS@gmail.com

Petite Sorbonne Preschool

The goal at Petite Sorbonne is to provide a well-balanced, carefully planned, nurturing environment for children.  Your child will feel comfortable and confident, allowing him/her to explore, feel challenged, take risks, gain independence and initiative, develop empathy, have fun and feel good about being a child. The entire day is made up of developing thinking skills, motor skills and social skills.  Children will meet friends, play with toys, look at books, explore how things work, listen to music, pour and measure in the sand box and will have different experiences in a mostly child group situation.  They will develop and expand language skills and will have creative art experiences. There are full day and half day programs, so click here for the full schedule and tuition costs.

Contact: 650-347-410, preschool@juno.com

Serendipity School

Located near the Western Hills neighborhood, Serendipity’s year-round, full day curriculum promotes the natural development of children.  The enriched programs, low child-teacher ratios and small classes allow the children to experience a child-centered, hands-on learning environment.  The curriculum includes enhanced Language Arts, Math, Science, Spanish, Practical Life, Art, Music and Motor Development. The preschool program includes well-planned field trips and on-site special events and demonstrations.  All aspects of the program take place in a relaxed, nurturing atmosphere. The wonders of learning are conducted in a positive, caring manner in which self-esteem takes precedence.

Contact:  640-474-7400, preschool@serendipityschool.com

Stella Piccolo Preschool

Stella Piccolo is a nurturing preschool program for children ages 3 – 5.   At Stella Piccolo, children explore their environment in a carefully planned play atmosphere.  A wide variety of materials and learning experiences are available to promote developmental growth opportunities for each child.  Some of the activities include arts and crafts, construction and building, reasoning and thinking, dramatic play, books and outdoor play. Stella Piccolo shares a campus with San Mateo County’s Infant and Early Childhood Education Programs for children with special needs, and students regularly interact with one another. Choose a three or two day program (Monday, Wednesday and Friday or Tuesday and Thursday) from 9 am – 12 noon.  (Contact the director if you are interested in a five day program.)

Contact: 650-804-4923, stellapiccolo@stellapiccolo.com

There is nothing quite like the feeling of being one with the forces of nature.  Sailing allows you to control your fate as you become master of your own destiny.  Sailing can also take you to a tranquil place; it’s the perfect antidote for the demands of modern society.

Spinnaker Sailing is an American Sailing Association affiliate, with courses designed for various levels of achievement.  Successful completion of the courses will qualify you to operate boats and equipment.  There are even classes for kids, so the entire family can experience the joy of sailing together. When I was a kid growing up in Burlingame, my parents sent me to summer camp at Spinnaker Sailing and I loved it!

Whether you are interested in local yacht racing, worldwide sailing vacations or just want to get away for the day, Spinnaker Sailing School is ready to help you achieve your goals.  They’ve been sharing their love of sailing since 1980, and their staff of dedicated professionals will make learning to sail safe and enjoyable.

Wear comfortable clothes, but this is Northern California, so remember your layers.  It is a good idea to bring a waterproof or water repellant jacket, and wear rubber soled, non-marking shoes.  A hat and sunglasses are recommended, and don’t forget the sunscreen and a bottle of water.

Where:  451 Seaport Court, Redwood City; Phone:  650-363-1390

For additional information, please see MLS details below.

To search for more Burlingame Real Estate, click here.

We're sorry, but we couldn't find MLS # 81212784 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

For additional information please see MLS details below.

To search for more Burlingame Real Estate, click here.

22 Bancroft Rd, Burlingame, CA 94010 (MLS # 81212597)

Spanish style great starter home, large lots size with lots of potential. Located in a lovely neighborhood charming home needs TLC. Great burlingame school district, this home has a lot of potential!!!

Property Type(s): Residential, Detached Single Family

Last Updated	5/17/2012	Tract	n/a
Year Built	1928	Community	Lyon-Hoag
Garage Spaces	n/a	County	n/a
Total Parking	n/a	Walk Score ®	78

Price History

Additional Details

Features

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Alison Jaghab, Alain Pinel Realtors

(view all details for MLS #81212597)

For additional information, please see MLS details below.

To search for more Hillsborough Real Estate, click here.

20 Persimmon Ct, Hillsborough, CA 94010 (MLS # 81212480)

Beautiful upper Hillsborough home located on a Cul de Sac Street. Home has 3 Bedrooms 3 Baths and 1 Large Bonus den/office which could easily be turned into another bedroom. Large windows bring in the sun during the days and keep the home very nice and warm. 2 car garage. Quick access to the highway

Property Type(s): Residential, Detached Single Family

Last Updated	5/9/2012	Tract	n/a
Year Built	1979	Community	Skyfarm
Garage Spaces	n/a	County	n/a
Total Parking	n/a	Walk Score ®	11

Price History

Additional Details

Features

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Young Kim, Young Kim, Broker

(view all details for MLS #81212480)

For additional information, please see MLS details below.

To search for more Hillsborough Real Estate, click here.

812 Irwin Dr, Hillsborough, CA 94010 (MLS # 81212565)

Over 1 acre of absolutely level land in Best lower North Hillsborough loc. Landmark English Country home built by noted builder, Oscar cavanaugh, in 1930. Exceptional construction and exquisite architectural details, inside & out. Large formal Living and Dining Rms, music Alcove, Library, family Rm. 5 Bedrooms in Main house, including a large Master. Walk to town

Property Type(s): Residential, Detached Single Family

Last Updated	5/16/2012	Tract	n/a
Year Built	1927	Community	Ryan Tract Etc.
Garage Spaces	n/a	County	n/a
Total Parking	n/a	Walk Score ®	42

Additional Details

Features

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Edward Stephens, Coldwell Banker Residential

(view all details for MLS #81212565)

Here are the MLS details:

We're sorry, but we couldn't find MLS # 81207246 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Below is the press release and details about the program:

The City of Burlingame is expanding access to its telephone community alert system. The system, provided by Rapid Notify, has been used by the City of Burlingame for approximately four years and up until now, depended on phone numbers provided by the telephone company for its caller database.

“Providing our community with information of current events in a timely manner is significant to our policing strategy” “We want to communicate the information in a way that people want to get it.” said Burlingame Police Chief Ed Wood. Burlingame’s Community Alert System is used by not only the Police Department, but other City departments such as Public Works to get important information to residents. Some of the messages sent on the system include:

• In-progress events impacting a neighborhood or area, such as a fire, traffic  collision, gas leak or other emergency.
• Planned events impacting a neighborhood or area, such as road construction or a large community event.
• Crime information such as a series of thefts.
• Missing endangered child or adult.
• Severe weather

The new system allows members of the public to sign up to get important community alerts on cell phone, work phone or home phone, regardless of carrier. Subscribers set up a login and password, which allow them to modify their information or opt-out of the system as they choose.

The public can sign up for the Burlingame Community Alert System at the City of Burlingame website www.burlingame.org. Once on the homepage, go to Police under departments and choose “Be Informed.” Select Rapid Notify in the list. This will take you to the sign-in screen.

San Francisco - Fisherman's Wharf: USS Pampanito (Photo credit: wallyg)

If you’re looking for something to do with the kids over Spring Break, look no further.  Go to visit the USS Pampanito, located at Pier 45, Fisherman’s Wharf.  USS Pampanito is a World War II submarine museum and memorial that is open to visitors daily. 

Pampanito is being restored to a specific point in time (Summer, 1945), to represent the height of WW II submarine development.  The Maritime Park Association has scoured the country searching for missing equipment and spare parts, and almost all of the missing items have been replaced and much of the equipment has been restored to operation.

Even though it survived six war patrols in the Pacific and an at-sea rescue of 73 POWS, the Pampanito is no match for wind and salt.  Every seven years the San Francisco Mar8iitime National Park Association hauls the 300-foot submarine from its perch and restores it, piece by piece, to its WW II era glory. This meticulous upkeep and respect for original detail have earned the vessel its status as a Nat9ional Historic Landmark.  While the crews keep the exterior in ship-shape, the curators use the interior as a gallery for historic artifacts that tell about the ship’s accomplishments and the men who ran it.

The restored Pampanito hosts more than 110,000 visitors every year, and is one of the most popular historic vessels in the country.   Now you can experience the letters, memorabilia and oral histories with the audio tour. The museum also has a number of educational programs and guided tours.  You can even have your child’s birthday party aboard the submarine. As if all this isn’t good enough, Groupon has a deal for a Submarine Tour for Two or a Family for Six.

As expected with a small area like the Tobin Clark Estate neighborhood of Hillsborough there has not been a lot of recent sales activity (to view the Tobin Clark Estate area on a Hillsborough map, click here). In the first three months of 2012 there have been two homes sold. In the past 12 months combined, nine homes have sold. At the end of March 2012, there was an inventory of five homes for sale.

Tobin Clark Estates is named after Richard Tobin who was part of a prominent family that came to the area during the Gold Rush. He lived for some time in a country estate at 360 Poett Road, designed by Lewis Parsons Hobart, who was the architect that implemented the design of Grace Cathedral atop Nob Hill.

Median and average prices in the neighborhood are well over $3 million, making it one of the most expensive areas in the nation. High selling values are due to average price per square feet that are often in the $500-$650 range along with massive homes. The average home sold over the past few years has been 5,300 square feet, about 1,500 square feet larger than the average for the rest of Hillsborough. In all of San Mateo County, the average home sold is about 2,000 square feet. For comparison, a regulation tennis court, including the doubles alleys is about 2,800 square feet.

By The Numbers – Tobin Clark Estate Real Estate for March 2012

The Millbrae real estate market is becoming increasingly inventory constrained. At the end of March 2012 there were only 14 homes for sale in the city. At the same point last year, there were 33 listed homes. Every seller now has less than half as much competition, putting the pressure on buyers. Inventory has been low since the end of 2011. The number of new listings in 2012 is down by 25% compared to 2011, so there just have not been enough newly listed homes coming onto the market to replenish the inventory.

Impressively, even with low inventory, sales have remained steady. In the first three months of 2012 there were 26 homes sold in Millbrae, compared to 25 sold in the same period last year.

Too Early To Discern Price Response

With buyers having to compete for a dwindling supply of homes, and clearly showing their demand by purchasing about the same number of homes as last year, we would expect there to be an upward price response.

Indeed, the data does point in that direction. Compared to all of 2011, the average sales prices for homes sold in the first three months of 2012 are 2% higher, the median sales prices is 6% higher, and the average price per square foot is 5% higher. However, it is a little too early to tell for sure if prices are rising, because there just have not been enough sales. At the very least, we can say that they are firm.

Going forward, the extraordinarily low level of inventory definitely points to higher prices, especially if buyers are in the market. When buyers have to compete for a limited supply the tendency is for the most sought after homes to get multiple offers, culminating in offers above asking prices. When offers come in above asking prices it leads to higher selling values, higher comps and higher asking prices for future listings. We will continue to track inventory levels to get an idea of future price movements.

Thinking of buying or selling a home in Millbrae?

If you’re interested in learning more about the Millbrae real estate market, considering selling your home in Millbrae, or thinking about moving to Millbrae, please drop me a line and I’d love to connect with you.

By The Numbers – Millbrae Real Estate for March 2012

Usually, when people think about Homeowners Insurance, they think about the coverage that rebuilds the home after a fire - otherwise known as the Property coverages. But what coverage applies if a person is injured as a result of visiting your home? These coverages — the Liability coverages — are also essential pieces of a Homeowners Insurance policy. Unlike Property coverages, Liability coverages in Homeowners policy are not subject to deductible.

The main Liability coverages are described below:

Personal Liability

Personal Liability covers damages that a member of your household is legally obligated to pay to another for bodily injury and/or property damage. Bodily injury refers to physical harm, including sickness or disease. Property damge means destruction of tangible property and the resulting loss of its use.

Personal Liability claims generally involve a lawsuit against you. But the good news is that most Homeowners Insurance policies will provide unlimited coverage to defend you against any Liability claim or suit. So, if someone trips on your sidewalk and claims paralysis as a result of the injury, the defense costs will not be limited.

On the other hand, the Personal Liability coverage limit that would apply to the final judgement is applied only up to the policy limits. Most Homeowners policies can provide Personal Liability limits of $100,000, $300,000, or $500,000. Your Liability coverage limit should at least be equal to the market value of your home, but you should also consider your net worth when selecting a Personal Liability limit. After all, you could be sued for your net worth!

Personal Injury

Personal Injury coverage pays for damages associated with the following injuries:

• Shock/mental anguish
• False arrest/false imprisonment
• Wrongful entry or eviction
• Libel, slander, or defamation of character

The Personal Injury coverage limit is usually the same as the Personal Liability coverage limit. However, Personal Injury coverage is not automatically included on all Homeowners Insurance policies (though in my professional opinion, it should be!).

If you are purchasing a home that you’ll be renting to tenants, ensuring that your policy includes Personal Injury coverage is important.

An example of a Personal Injury coverage claim is as follows:

In 2010, parents in Northern California were sued by a high school teacher for damages in the amount of $10,000,000. The claim arised because their daughter was posting negative remarks on Facebook about the teacher, who claimed that the student caused significant damage to her professional career.

Medical Payments

Medical Payments coverage pays the necessary medical expenses up to the policy limit for injury to anyone except you or a family member. These expenses must be the result of an accident that:

• occurs at your home,  or at the steps, driveways, or sidewalks immediately adjoining your home
• is caused by a member of your household
• is caused by animal owned by or in the care of a member of your household

Medical Payments includes reasonable charges for first aid, medical, surgical, and hospital expenses. More importantly, Medical Payments coverage includes charges for items not generally covered by or limited by Health Insurance, including funeral, dental, and rehabilitation expenses.

Medical Payments coverage is no-fault coverage, so you do not need to be found liable in order for the coverage to apply. Having sufficient Medical Payments coverage can often deter a lawsuit against you, which is a definite advantage!

For example, if a guest at your home trips on your sidewalk and suffers a broken arm resulting in $10,000 of expenses, Medical Payments coverage would pay for the expenses associated with the injury up to the limit on the policy. If your Homeowners policy has only $1,000 of Medical Payments coverage, the injured party would likely need to file a lawsuit against you to collect the additional $9,000 to cover the damages.

Most Homeowners Insurance policies for homes in Burlingame, Hillsborough, and San Mateo can provide Medical Payments coverage of at least $5,000 and up to $50,000. So buy the highest Medical Payments coverage limit possible – it’s inexpensive and valuable!

Meghan’s other helpful articles:

Homeowners Insurance Coverages – Other Structures, Personal Property, & Loss of Use

Homeowners Insurance Policy – Property Coverages – Part 1: Dwelling Coverage

The recent housing crisis, a struggling economy and an aging population are creating more multigenerational households.  According to a recent AARP study, the increase of multigenerational households in the last two years exceeds the growth rate of the previous eight years combined!

Entering into this situation requires planning and flexibility to make the transition comfortable for all concerned.  It’s wise to have a plan in place before it is needed.

Parents’ Needs

1. What are their needs today (if any)?  What is their functioning level?
2. What are their anticipated needs?  Keep in mind hereditary factors.  For example, is there a history of dementia/Alzheimer’s in the family?   Or are they showing signs of arthritis that might cause more disability as they age.
3. If assistance is needed, what can they financially sustain?  Do they have supplemental insurance such as long term care?

Family Involvement

It’s important to include siblings in the discussion of parents’ future needs.  Having everyone on board (in agreement on the decisions and choices made) is critical to the success of the plan.

If other family members are unwilling or unable to help, you may need to hire assistance to help with cooking, cleaning or care giving tasks.

Who pays for what?

Find out whether mom and dad will contribute financially to the household. If so, how much?  Learn about their insurance coverage; medical (including prescriptions), Medicare and long term care (if applicable).

Family Dynamics

Older adults moving in with their adult children and grandchildren will definitely impact the family’s lifestyle.  It changes the family dynamic and requires a policy of open and honest communication.  It’s best to set ground rules, boundaries and responsibilities for each family member.

Keeping Perspective

Consider creating a new budget that takes into account additional costs created by having more people in the household.  Don’t jeopardize your own retirement.   Consult with a financial planner to develop a strategy.

Positive Results

Undoubtedly this type of living situation will create stress during the transition period.  However, with time and good planning, the rewards gained will be…

• Keeping an aging loved one safe
• Saving money for both you and your parents
• Closer ties between parents, children and grandchildren

In the first quarter of 2012, there were 23 homes sold in Foster City, up from 17 homes sold in the same period last year. March 2012 was a relatively big month with 14 homes sold. On average, about 10 homes sell per month in Foster City, with the majority of transactions occurring in in the late spring to early fall timeframe, which is typical for most real estate markets.

The level of inventory in the Foster City real estate market, which we measure as the number of unsold homes at the end of a month is very low. At the end of March 2012, there were only 10 homes remaining for-sale, down from 28 homes at the end of March 2011. The reason for the decline is three-fold. Inventory was low at the end of 2011 due to strong sales activity from May 2011 onwards. Sales activity has been healthy in the beginning of the year putting a dent into the existing stock of homes for sale. Lastly, the number of newly listed homes is down by 15% compared to the first three months of 2011, so there are fewer homes coming onto the market to replenish those that are being sold or taken off the market.

What does this all mean?  Well, a prospective buyer in the Foster City real estate market today has about 1/3 as many homes to choose from as that buyer did last year. Assuming there are a similar number of buyers (and market sentiment suggests that there may be more buyers) it means that each buyer has a lot more competition. While the average days on market has increased so far in 2012, this is mostly an artefact of older inventory being sold. A well-priced home will move quickly. Serious buyers need to stay on top of the market and may benefit from working with a Realtor that can help them act quickly when the right property is listed.

Low inventory can be a catalyst for higher prices as buyers bid over one another pushing up sales prices and comps for the new listings. In a real estate market the size of Foster City it is difficult to notice a change in pricing in the short-term because there are not enough sales to get reliable trends.

The data we do have suggests average and median prices remain around $950,000. The average price per square foot in Foster City is about $450.

One data element where we may be seeing some upward price pressure is in the ratio of sales prices to list prices. Sellers are on average now essentially getting their asking price for Foster City real estate. The sale price divided by list price has averaged just under 100% so far in 2012, meaning that homes sold for nearly their final asking price. While this statistic is not perfect — it doesn’t take into account homes that were price reduced and then immediately sold — it can be an indicator of pricing movement. Last year, the ratio was just under 98%. In 2012, we are seeing less discounting and more multiple bids/bids above asking price than in 2011.

Thinking of buying or selling a home in Foster City?

If you’re interested in learning more about the Foster City real estate market, considering selling your home in Foster City, or thinking about moving to Foster City, please drop me a line and I’d love to connect with you.

By The Numbers – Foster City Real Estate for March 2012

View Burlingame Preschools in a full screen map

Palcare

Located on California Drive in the Burlingame Terrace neighborhood, Palcare is a developmentally based childcare and educational program for children from infancy through pre-K. Palcare provides affordable, safe and nurturing child care that is available day or night, 7 days a week.  What makes Palcare truly unique is their flexible schedule program.

Phone: 650-340-1291; information@palcare.org

Montessori Preschool & Kindergarten

Burlingame Montessori is dedicated to providing the highest standard in Montessori education.  Each child is encouraged to develop his or her own rate, and the programs are aimed at developing the intellectual, emotion and social independence of the child in a multi-cultural setting. Based on the Montessori philosophy that children learn best within an environment that supports each individual’s unique development, the programs are designed to help each child reach full potential in all areas of life. Burlingame Montessori is located in Downtown Burlingame at 525 California Drive.

Phone: 650-342-4445; burlingamemontessori@sbcglobal.com

Burlingame Sunshine Childcare

Burlingame Sunshine Childcare provides quality childcare for children 16 months – 7 years old.   This licensed family daycare center offers games and puzzles, library and puppet, art, math, drama and stories, while allowing your child to feel secure, loved and respected. The school is located in the Burlingame Grove neighborhood at 1341 Laguna Avenue.

Phone: 650-773-5155; akliorin@gmail.com.

A Child’s Way

A Child’s Way provides quality childcare on site at McKinley Elementary School in the  Burlingame Terrace neighborhood. A Child’s Way is a non-profit and derives its income solely from tuition and CARNIVAL, E Scrip and See’s Candy fundraising activities. From their website: Our programs are set up to provide a warm, loving, creative environment, emphasizing self-esteem and learning though hands-on activities and projects that involve self-expression, problem solving and conflict resolution.

For more information contact director Marty Miller at ACW_Washington@sbcglobal.net or call 650-342-3460.

Learning Links Preschool

Located near Ray Park, Learning Links Preschool creates a nurturing and supportive community of children, parents and highly skilled staff in order to provide the highest quality child care.  Preschool classes for students ages 3–5 are in session three hours a day, four days a week. Lesson plans are designed to engage students of all abilities in each activity, and  developmentally appropriate, language- rich play helps develop a desire to learn within each student.  Classes are small, with a staff to student ratio of 1:5 (2 -3 year olds) or 1:6 (3-5 year olds.)

Phone: 650-652-0674; 1764 Marco Polo Way, Burlingame

The Nueva School 

The Nueva School in Hillsborough was founded in 1967 as an independent coed day school for gifted children where the focus is on play as the primary learning vehicle for young children.  Children are encouraged to develop confidence and creativity, and they are given the opportunity to actively participate in their own educations.

In the pre-K program, students engage in various forms of play, using dress-up, sand, clay, blocks and other materials.  Children develop gross motor skills as they navigate daily outdoor and indoor activities.  There is an emphasis on positive relationships with the environment and with one another, as the children learn to problem solve, collaborate and play with others. For Pre-K requirements, click here. The Nueva School is located at 6565 Skyline Boulevard in Hillsborough, and is also K-8.

Contact: Matt Berman, Director of Communications, mberman@nuevaschool.org; 650-340-4600.

Our Lady of Angels Catholic Parish

OLA is located right in the heart of the Easton Addition neighborhood on Hillside Drive. It provides a developmentally appropriate environment so that children can learn and develop socially among their peers.  The preschool environment includes a play-based structure while incorporating a variety of materials and activities so that students learn new skills verbally, intellectually and physically. Click here for all tuition information.

Contact: Lysette Cukar – 650-343-3115; preschool@olaparish.org

Peninsula Temple Sholom

Peninsula Temple Sholom Preschool provides a developmentally appropriate environment where children are encouraged to explore and develop their curiosity through play and challenging experiences. The Preschool program, accredited by the National Association for the Education of Young Children, is committed to teaching values, morals, customs and traditions with a liberal Jewish approach.  While the school nurtures a Jewish identity, children of all faiths are welcome. Daily activity schedules include options for quiet and active play. A variety of small and large group activities are offered, along with a balance of child-staff initiated activities. Classes may be from one to five days per week, and tuition varies based on the program and dates of attendance.  All fee schedules, the application information for parents may be downloaded by clicking here.

Peninsula Sholom is located in the Mills Estates neighborhood at 1655 Sebastian Drive. Contact: Allison Steckley, 650-697-5579

Papillon Preschool

At Papillon Preschool the primary focus is placed on the needs of young children (infancy – Pre-K) and their families.  The school is dedicated to the principles of social justice and respect for the uniqueness and diversity of each person, and the goal is to provide a learning environment for children that will give parents peace of mind. Papillon has full and part-time programs for children from infancy (3 months) through pre-K (4–5 years). For tuition costs, click here.

Papillon is located in the Hayward Park neighborhood of San Mateo at 1311 South Camino Real

Contact: 650-340-7241;  papillonpreschool@me.com

Stepping Stone Pre-School

Located in an old house in the Burlingame Terrace neighborhood, Stepping Stone Pre-School is full of kid-friendly activities.  The school offers half-day and full-day programs for children between the ages of two and five.  Children receive nap time to ensure that they remain alert and well rested for the rest of the day. Stepping Stone does not have a website, so call 650-343-3362 for more information. The school is located at 1421 Palm Drive.

High Five Preschool

High Five preschool promotes your child’s physical, intellectual, language and social skills development.  This is a small school with a teacher/student ratio of 1:5 located at 822 Mahler Road. Class hours are 9 am – 12 pm and 12:30 pm – 3:30 pm

Contact:  650-652-1707

United Methodist Church Co-op Nursery School

UMC is a parent-directed, cooperative nursery school for children 18 months to 5 years of age.  Parents play an active role in all aspects of school administration, maintenance, and growth. Parents serve as elected officers, comprising the Executive Board that governs the school. UMC provides a warm, supportive atmosphere in which children can develop positive feelings about their first school experience. They offer stimulating and varied activities designed to help each child grow physically, emotionally, intellectually, and socially. View a PDF of the tuition fees here.  UMC is located in the Downtown Burlingame neighborhood at 1443 Howard Avenue.

Contact:  650-343-1082, info@umcnurseryschool.org

First Presbyterian Church Nursery School

First Presbyterian Church Nursery School provides a program for children ages two through 5 that offers the highest caliber of developmentally appropriate pre-school education and is consistent with the Christian teachings of the church. Parent participation is vital and parents are required to participate in and observe the nursery school class about 7 times a year in the programs for 3 and 4 year olds and every three weeks in the 2 year old class. Tuition varies based on the age of the children and the class schedule, so click here for more tuition information. The school is located on the corner of Easton Drive and El Camino in the Easton Addition neigborhood.

Contact: 650-342-8326

St. Paul’s Nursery School

St. Paul’s Nursery School’s play-based curriculum supports the social, emotional, physical and intellectual development of each child.  The curriculum is appropriate for the different stages of development and the school is arranged by centers that are open-ended and provide a wide variety of materials for children to explore. St. Paul’s Nursery School is located at 405 Camino Real right between the Downtown Burlingame and Burlingame Park neighborhoods.

Contact: 650-344-5409; registrar@stpaulsnurseryschool.org

Image via Wikipedia (Though today's trust document is typed, of course!)

This is a guest post by Nancy H. Rossi, an estate planning attorney at Nancy Rossi Law in San Mateo.

You do not have to be a Rockefeller or Getty to benefit from a revocable living trust.  If you have a net worth of more than $100,000 (the threshold amount which requires a probate), if you own real property or if you have specific instructions on how you want your assets to pass to your children/heirs after you die, then you should consider a trust. So, if you’re a homeowner in the Burlingame, Hillsborough, or San Mateo areas, you might want to consider one. In addition, a husband and wife may use a trust to maximize both of their federal estate tax exemptions.

What is a trust?

A trust is a legal document that holds the title or ownership to your real property and other assets.  Although the title is held in the trust, you maintain full control of the property during your lifetime and have the ability to revoke the trust or change any of your decisions at any time. You continue to pay taxes under your social security number and all income and deductions related to the trust assets are reported on your individual tax returns. A trust allows you to name a successor trustee to manage your assets if you become incapacitated or die.  This means that if you are incapacitated, the successor trustee can step in and assist you without court supervision. It also means that upon your death, the successor trustee will immediately have the same powers that you had to buy, sell, borrow or transfer the property inside the trust.  The trust becomes irrevocable on your death so the trustee cannot change your decisions; however, the trustee can distribute the trust assets in accordance with your instructions without the necessity of a probate.

A probate is the court procedure for taking the decedent’s name (the person who died) off of the title and transferring a clean title to the next owner.  A probate can take anywhere from six months to two years and requires court supervision for the transfer of assets, whereas the trust administration can be completed without court involvement within a matter of months. In a probate, the attorneys’ fees and the administrators’ commission are based on a statutory fee schedule that is set by the court.  Therefore, legal fees for probating an estate are usually much higher than the fees for administering a trust.

In addition, the probate fees for real property are based on the fair market value of the property on the date of death, rather than the decedent’s net equity in the property.  For example, if a property is worth $1 million, but the decedent has a mortgage and only $1,000 in equity, the fees may still be imposed on the full $1 million.  Probate fees may be as high as $50,000 for a $1 million property and a court can force a sale of the real property in order to pay the administration fees if there are not other assets available to pay the fees. On the other hand, trustee fees are typically charged on an hourly basis. Additionally, a trustee will have more flexibility to transfer the title to the property to the children/heirs subject to the loan or continue to hold the property for the benefit of the minors until they reach the legal age of majority.   The flexibility allows the trustee to time the sale of real property with favorable markets and/or rent the property until a sale is necessary or optimal.

While the initial up-front cost to draft a revocable living trust may seem expensive, the costs are typically far less than the costs and fees associated with a probate.  Moreover, the flexibility, greater options and ease of transferring the property without court supervision make the investment in a trust more attractive.  If you own real property, consider talking to your attorney about the benefits you may derive from holding your real property in a trust.

This article is intended to provide general information and should not be relied upon as legal advice.  You should consult with an attorney about your particular circumstances before taking any action.

A parent will often consider adding a child as a joint tenant to the title of their real property (family home) or bank accounts as a means of avoiding a probate of the property on the parent’s death or as a way to allow a child to gain access to the asset if the parent becomes ill.  Joint tenancy is the co-ownership of property between two or more people, and by law, each of the joint tenants must own equal shares of the property. Upon the death of one of the joint tenants, the remaining joint tenant(s) become the immediate owner(s) of the property. The succession of property through joint tenancy does not require a probate and it can be an effective way to transfer assets from a parent to a child. However, joint tenancy is not without drawbacks and may result in unintended consequences.

For example, once a child is added as an owner of a bank account or real property, there is a danger that the child will withdraw all of the funds or encumber the property without the parent’s permission.  The transfer from parent to child may also be deemed a gift that could trigger a gift tax consequence or may make the parent ineligible for government benefits to pay for his or her nursing home care. In addition, if a parent names only one of the children as a joint tenant, the named child will inherit the account or real property to the exclusion of his or her siblings.  The parent may intend for all children to inherit equally, however, there is no legal requirement for the named child to share with his or her siblings and the siblings have no right to the asset regardless of whether the parent left a Will which states otherwise.

Also, the joint tenancy property becomes liable for the child’s debts and the child’s creditors can come after the account or real property if the child files for bankruptcy.  The real property or bank accounts held in joint tenancy will also be counted as the child’s assets if the child gets divorced.  As a result, the parent may end up owning their home with the child’s ex-spouse or the parent’s assets may be attached to pay for the child’s obligation to pay child support.  The parent’s property can also be attached to pay state and federal tax liens against the child and may be exposed to liability from a lawsuit.  For example, if the child is in an automobile accident which injures a third party, the child’s proportional share of the joint tenancy assets may be used to satisfy a judgment in favor of the injured party.

Finally, if the parent and child relationship becomes estranged, the parent may lose control of the property (home).  The parent may be forced to allow the child to live in the property rent-free and the parent may not be able to sell the property without the child’s consent.

The use of joint tenancy will avoid probate and may be an effective estate planning tool in certain cases. However, a parent should consider the associated risks. A better alternative may be to execute a revocable living trust to hold the assets. A trust would allow the parent to name a successor trustee to take over after the parent’s death and the trust will designate how the assets are to be distributed on the parent’s death.  It will also make provisions if the parent is incapacitated, but it protects from inappropriate withdrawals without the need for a conservatorship.  Most importantly, a trust will protect the real property and bank accounts from the creditors of the beneficiaries.

This article is intended to provide general information and should not be relied upon as legal advice.  You should consult with an attorney about your particular circumstances before taking any action.

If you’re considering buying Burlingame real estate or a home in the Burlingame area, please drop Raziel a line.

The Redwood City real estate market has had a hot start to the year, in terms of the number of transactions. Through the first three months of 2012, there have been 128 homes sold, up from 100 in the same period last year.

At the same time that sales are up 28 percent, the number of newly listed homes have fallen sharply. Compared to 2011, 12 percent fewer homes have come onto the market. The combination of rising sales and fewer listings has driven inventory down significantly. At the end of March 2012 there were less than 75 homes for sale in Redwood City. Last year at this time, there were 168 homes on the market. That means that the amount of for-sale homes available to a prospective buyer has declined by more than 50 percent! Each buyer has much less choice than they did just 12 months ago and each seller has much less competition. This is obviously very good for sellers.

Steady Prices

Last September we noted that although selling values appeared to be declining in Redwood City it may have just been a normal random fluctuation in the types of homes being sold. Six months later, that seems like the most reasonable explanation. Selling values are up compared to 2011, but on average have basically been flat for the past two years.

Going forward, the extraordinarily low level of inventory is one indicator pointing to higher prices. When buyers have to compete for a limited supply the tendency is for the most sought after homes to get multiple offers, culminating in offers above asking prices. When offers come in above asking prices it leads to higher selling values, higher comps and higher asking prices for future listings. We will continue to track inventory levels to get an idea of future price movements.

Thinking of buying or selling a home in Redwood City?

If you’re interested in learning more about the Redwood City real estate market, considering selling your home in Redwood City, or thinking about moving to Redwood City, please drop me a line and I’d love to connect with you.

By The Numbers – Redwood City Real Estate for March 2012

Redwood Shores is a relatively small market with less than 100 sales in most years, so comparing activity in just the first quarter of the year can be misleading. Sales appear to be up sharply in the first three months of 2012, as compared to 2011, with 15 homes sold this year, versus three homes sold last year. However, that it is a bit misleading as there were also 15 homes sold in the first three months of 2010. 2011 is the outlier, not 2012. Overall, sales activity is healthy to start the year, in line with the trends we are seeing for all of San Mateo County.

The inventory of for-sale homes remains low in the Redwood Shores real estate market. At the end of March 2012 there were five unsold homes, which at the current sales pace is only enough for one month. Unless the number of newly listed properties increases inventory will likely remain limited for awhile. So far, new listings are down slightly from last year.

The average home that ends up selling in Redwood Shores does so in about a month, versus two months for all of San Mateo County. However, the average can be skewed by homes that are mis-priced or have unmotivated sellers and sit on the market for six months. Many desirable homes sell in less than a week, meaning that buyers who are able to keep up on new listings and make a quality offer quickly have the advantage.

Price Levels Appear Steady

With so few sales, average and median price levels move around a lot from month to month in the Redwood Shores real estate market and it can be challenging to get an indication of trends. Price levels for the 15 homes sold in the first three months of 2012 suggest that average and median selling values remain steady at just under $1,000,000. The average price per square foot is just under $500 and has been so for the past few years.

Sellers are continuing to get pretty close to their asking price. The sale price divided by list price has averaged 100% in 2012, meaning that homes on average sold for the same as their final asking price. While this statistic is not perfect — it doesn’t properly account for homes that were price reduced and then immediately sold — it is a relevant price signal. Interestingly, in Redwood Shores the ratio has increased 1% each year, from 97% in 2009, t0 98% in 2010, to 99% in 2011 and now up to 100% so far in 2012. This is a positive sign for price appreciation and also means that sellers need to think about doing more than just pricing even with prior comps. Depending on a seller’s needs and motivation, there might be an opportunity to get a higher selling price. A Realtor who knows your local market can help determine the best pricing strategy for the unique combination of your market and your personal situation.

Thinking of buying or selling a home in Redwood Shores?

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By The Numbers – Redwood Shores Real Estate for March 2012

After a very slow start to the year (only two sales in January!), sales activity has picked up in the past two months in Belmont. Through the first three months of the year, there have been 42 homes sold, one more than through the first quarter of 2011.

In most areas of San Mateo County that we follow, there has been a dearth of new listings coming onto the market. Couple that with strong sales and the result is falling inventory. The Belmont real estate market has been a little different in 2012. Sales are healthy, though as mentioned above, just even with last year. Interestingly, the number of new listings is up from 61 in 2011 to 87 in 2012. This is mostly due to 41 homes coming onto the market in March, which is atypically high for Belmont. In March 2011, only 19 homes came onto the market, and in no month were more than 31 homes newly listed. It will be a test of the local market to see how quickly it can digest all of these homes. Based on the number of accepted offers in March, which foreshadow sales activity it does not seem to be a problem.

Regardless, the result of flat sales and more new listings to start the year is that inventory has not fallen like it has in other areas. However, inventory levels are generally very low in Belmont and do not have a lot of room to fall. At the end of March 2012, there were only 28 homes left for sale, less than two months of inventory.

Price Levels Mostly Flat, but Buyers May Be Eager

Selling values in the Belmont real estate market appear to be mostly flat with average and median prices around the $900,000 level, and price per square feet just under $500.

There is a sign of strong buyer demand that may lead to higher prices. In each of the first three months of 2012 the sale price divided by list price has averaged 101%, meaning that the average home sold for more than the seller’s final asking price. While this statistic is not perfect — it doesn’t take into account homes that were price reduced and then immediately sold — it is relevant in that we know there are buyers out there willing to bid higher than asking (and higher than other bidders) to get the property. Multiple offers is a sign of a seller’s real estate market. However, keep in mind that not all homes are getting attention from buyers. Well maintained homes in good areas that are well marketed by a Realtor are most likely to be generating interest.

Thinking of buying or selling a home in Belmont?

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By The Numbers – Belmont Real Estate for March 2012

Sales have been steady in the Upper Hillsborough region of Hillsborough. There have been 13 single family homes sold through March 2012, as compared to 10 at the same point last year. March alone was a big month with nine homes selling, the most of any month since nine homes were also sold in August 2010.

While many areas of San Mateo County are experiencing a decline in inventory, the number of homes for sale in the Upper Hillsborough real estate market is about flat with last year. As the end of March 2012, there were 21 homes for sale, as compared to 22 homes for sale in March 2011.

Movement in price levels is difficult to measure when there are so few sales. Most fluctuations of average or median prices are due to random changes in the type of home being sold, rather than actual changes in prices. For example, the average and median selling values for the 13 homes sold so far in 2012 are nearly 15-20% higher than the 2011 selling values. However, this increase has been driven entirely by the fact that on average larger homes have been selling. While “small” is relative when talking about Hillsborough, the average square footage of a home sold in Upper Hillsborough in 2012 has been about 550 square feet larger than in 2010. Looking at price per square feet, which is a way for adjusting for the size of a home, average selling values have been holding firm in the $600-$650 range.

Thinking of buying or selling a home in Upper Hillsborough?

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For this analysis, Upper Hillsborough is defined as the neighborhoods of Hillsborough Hills, Skyfarm, Carolands and Lakeview. To view a map of Hillsborough, click here.

By The Numbers – Upper Hillsborough Real Estate for March 2012

After a strong 2011, sales are down sharply in the Lower Hillsborough region of Hillsborough. In 2011, there were 79 homes sold in the area, up from 59 in 2010.  Through the first three months of 2012, there have been only six homes sold, versus 19 sales in the same period in 2011.

Sales activity has likely been hampered by lower inventory. There were 23 unsold homes on the market in Lower Hillsborough in March 2012, down from 32 unsold homes at the end of March 2011. Two factors are contributing to the low inventory. One is that inventory was low at the end of 2011 due to the high sales activity. Second is that there have been fewer newly listed homes coming onto the market. In the first three months of 2012, 30 homes have been newly listed. There were 41 homes newly listed in the first three months of 2011.

Homes that are selling are not staying on the market for long. The six homes that have sold in 2012 did so in an average of 43 days, which is about 20 days faster than the average for the past few years in the Lower Hillsborough real estate market.

There have not been enough recent home sales to get an accurate price reading.  The limited data we do have suggests average selling values per square foot remain in the $700-$750 range.

Thinking of buying or selling a home in Lower Hillsborough?

If you’re interested in learning more about the Lower Hillsborough real estate market, considering selling your home in Lower Hillsborough, or thinking about moving to Lower Hillsborough, please drop me a line and I’d love to connect with you.

For this analysis, Lower Hillsborough is defined as the neighborhoods of Brewer Subdivision, Country Club Manor, Hillsborough Heights, Hillsborough Knolls, Hillsborough Oaks, Hillsborough Park, Homeplace, Parrot Drive, and Ryan Tract. To view a map of Hillsborough, click here.

By The Numbers – Lower Hillsborough Real Estate for March 2012

Real estate activity was low in Burlingame in the first two months of 2012, but picked up sharply in March with 20 homes selling. Through the first three months of the year, there have been 36 homes sold, up from 31 homes sold in 2011.

Although there appears to be strong buyer demand in the marketplace, sales will not be able to sustain a high level through the summer without the influx of a lot of new listings. The current level of inventory is depleted with just 27 homes on the market at the end of March 2012. Last year at this time there was 46 homes for sale in Burlingame and in March 2010 there were 59 homes on the market. A prospective buyer has many fewer homes from which to choose.

Inventory is low for three reasons. First is the low starting point at the end of 2011. Second is the above-average sales trend to start the year. Third is the below-average number of new listings. In the first three months of the year, 11 percent fewer homes have been listed. If listings do not pick up, inventory will become increasingly constrained, which has had an effect on prices.

Two homes just closed escrow significantly over their asking prices. One was a 2 bedroom, 1 bath home on Marin Drive in Burlingables that was asking $898,000…it had 13 offers and sold for $1,100,000. The other was a large home on Clarendon in the Lyon Hoag neighborhood which was asking $1,398,000 and sold for $1,750,000, which was the most expensive sale ever in the neighborhood…we’ll see if this remains a pattern for the spring (I would not be surprise) for the choicest properties.

Signs of Upward Price Pressure

Looking only at the traditional measures of selling values, median prices and average prices, does not shown any sign of price increase. However, these measures are often not reliable indicators for short-term price movements when looking at small areas like Burlingame. The reason is that they are significantly impacted by the size and location of homes that are being sold. In a small area, random fluctuations take longer to cancel themselves out.

Two other measures that better correct for these fluctuations are showing signs of positive price appreciation.

The average price per square foot continues to rise. The 12 months moving average reached $610 in March 2012, up from $591 in July 2011. Similarly, in the last eight months, the average price per square foot of the homes sold in  a given month was above $600 six of the eight months. In the 12 months prior to that, it was above $600 only once.

The ratio of sales price to list price has been above 100 each of the last two months. This suggests that for some homes, buyers are putting in offers above asking prices. Since the beginning of 2008, there have been only three months where the average home sold for more than the final asking price (July 2011 was the third month in addition to the most recent two). When buyers put in bids above asking prices it causes prices to rise, both because the selling value for the home in question is higher, but also because the buyer that lost out by offering only the asking price will consider bidding above asking for the next home.

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By The Numbers – Burlingame Real Estate for March 2012

Even with a healthy 13 sales in March, it has been a quiet start to the year in Hillsborough. In the first quarter of 2012, there have been 21 homes sold, down from 31 in the same period in 2011.

Some of the slow-down in sales activity might be related to the constrained level of inventory. At the end of March 2012, there were 49 homes for sale in Hillsborough.  At the same point last there were 59 homes for sale and in 2010 there were 71 homes left unsold at the end of March. With less available inventory, buyers are not as easily able to find homes that meet their requirements, pushing down the number of transactions.

Inventory is down in most areas of San Mateo County, due to a combination of a low starting point of inventory at the end of 2011, modestly higher sales to start the year, and a dearth of new listings. Two out of three of those conditions match the experience in Hillsborough. Inventory was low at the end of 2011 and new listings are down 8 percent in 2012.

Prices Appear Steady

On a 12 month moving average basis, median and average selling values have been relatively flat over the past half-year. An average home in Hillsborough will still set you back about $2.5 million for about 4,000 square feet (along with the excellent schools, large lots and safe surroundings).

A big driver of the total cost of a home in Hillsborough is the large size of homes in the city. The average price per square foot is about $680, approximately 10 percent higher than in neighboring Burlingame. However, because the average home sold in Hillsborough is 4,000 square feet, versus under 2,000 square feet in Burlingame, the difference in average selling values is more than 100 percent.

Thinking of buying or selling a home in Hillsborough?

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By The Numbers – Hillsborough Real Estate for 2012