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Blog

SPOTLIGHT: REAL ESTATE COMPANY METIS

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In this blog post, we've put the spotlight on real estate company Metis. Founded by Rickey Soriano and Wallace Chane, the two set out to create a different type of experience, for clients engaging in real estate. 

In our Q&A interview with President/CEO/Broker, Rickey Soriano of Metis, you'll learn about the origin, vision and the entrepreneurial spirit of Metis.


METIS

Pictured : Rickey Soriano (left) and Wallace Chane (right)

Pictured : Rickey Soriano (left) and Wallace Chane (right)


1. Tell us about the origin of Metis and how did you come up with the name?

It was September 7th, 2013 and I was up late finishing up some work. Afterwards I sat in my home office and thought about the future, as I often do, and pondered the idea of reimagining the brokerage model for todays modern world. I started to T-chart the traditional model and found areas I thought could be improved on. It was after this exercise that I realized I just unintentionally created the blue-prints for a new kind of real estate brokerage. I loved everything about it and decided that I needed to bring this to the market so my future clients could benefit from it. I brought the idea to my good friend Wallace Chane, who is extremely experienced with real estate marketing and tech as I wanted a different perspective on the idea. He loved the concept and was excited about it. We decided to partner up together as our strengths and weaknesses were balanced out. It’s been full-speed ahead ever since. The fundamental idea behind Metis is to simplify and streamline the process while reducing overhead wherever possible all while offering a high quality, full service representation at a lower fee the client would appreciate. It was very important to me that the name encapsulated these core ideas and values. I looked into Greek mythological figures to see if there was a character that fit and to my surprise there was. Metis, is the titaness of good counsel, advice, planning, and wisdom.

2. Barry Li (Design Rehab) worked with you on the branding (who also designed my website/logo/brand), tell us about that experience.

We regrettably did not contact Barry / Design Rehab from the get-go. After receiving our brand from a previous designer (which we were completely unhappy with), we contacted Barry as we believed he could deliver the brand we envisioned. I (Rickey) met with Barry on a warm sunny day in San Francisco to talk to him about the process. He asked very deep and insightful questions, more relating to philosophy than business. From that first meeting I knew he was going to just nail it and I was right. After a few revisions, the Metis brand was born. Barry is masterful at his craft and would whole heartedly recommend him. The entire process was educational and painless.

3. As an entrepreneur, what was the problem you saw in your industry, that you set out to solve?

There’s a lot of fragmentation in the industry by nature. Each agent is an independent contractor and conducts business in their own way. Brokerages do their best to enforce quality measures and brandconsistency, but it’s hard when the agent wants to do things his or her way. Pricing is also subjective from one agent to the other. We’re building a more cohesive and consistent experience for consumers. As we continue to grow and expand, we’re looking to hire fresh, motivated professionals and pay them a competitive salary, thus controlling the quality and process all the way through. Our goal is to provide the best real estate experience to everyone. While all commissions are negotiable, we thought we’d put our best foot forward from the beginning and charge a flat 4% fee instead of fighting for the traditional 6% as is customary.

4. What sets Metis apart from any other real estate company?

The traditional brokerage is focused on gaining and retaining real estate agents. There is usually a sizable office that is leased to provide a workplace for the agents to conduct their business. Each agent has a commission split with their brokerage and most brokerages charge a desk/office/tech fee, thus motivating the agent to charge as close to 6% as possible to make up for these costs and overhead expenses. Metis, on the other hand operates with a lean start-up mentality. We’re entirely paperless which allows us to greatly reduce our footprint as we don’t need the large office, printers, faxes, paper and staff to operate it all. Metis is focused on efficiency, and leveraging technology all in a manner that allows us to provide a no-compromise, full-service listing experience at a fee of only 4%.

5. Metis primarily works with clients who are looking to sell their property. Coming from this end of the industry, what are some insights about the market, that may be helpful for people looking to purchase property?

While we are seller focused, we do currently represent buyers on a strictly referral basis. Germel would be able to make the introduction if you need it ;) Shameless solicitation aside, we believe the client should be well educated on the entire process and make sure their expectations are properly set. It is very competitive out there for buyers as multiple offer situations are commonplace in most micro-markets, however, we’ll work with them and their timeline to ensure they’re not rushed into making a bad decision or offer.

6. Is the current market one for buyers or sellers?

Sellers are taking advantage of extremely low levels of inventory and the high demand for property, while buyers are taking advantage of really low interest rates which is fueling the demand. It is definitely a seller’s market.


Connect with Metis

Website | Facebook | Twitter | Instagram 


This post was done in collaboration with Rosey Gonzales

RECAP PT. 4

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Here we are! The time has arrived, to recap the last few posts that have kicked off 2015. Please take the time to review over anything you've missed or something that might be helpful for you or another.

Also, feel free to comment and/or share this post! Happy reading!


COLD HEARTS PLAYLIST


PICKING THE PERFECT FIRST DANCE SONG


VIBIN PLAYLIST


PICKING THE PERFECT WEDDING DAY


LOVE AT FIRST SIGHT AND LOOKING INTO THE FUTURE


TOP 10 OF 2014


This post was done in collaboration with Rosey Gonzales

PICKING THE PERFECT FIRST DANCE SONG

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Oh yes, the first dance! As easy as it may seem, sometimes picking that perfect song doesn't come so easy. The floor is set and you make your way as the newlywed couple. The song takes cue and...will it be a timeless classic? How about an entertaining bit with a lace of humor? Romantic or heartfelt?

Whatever you go with, we are sure you'll find the perfect one. Until then here are some tips as you navigate your way along the sound waves.

Have an tips you want to share? What are some of your experiences? Feel free to comment below and/or share this post.


1. Make sure you and your partner figure out what kind of genre/style you want.

  • This may seem like a no brainer, but selecting that style which speaks to both of you will be an important first step in finding that perfect song.

2. Listen to the lyrics

  • Does the song tell your story as a couple? Does it capture the quality of what you both share together?

3. Tempo

  • You are going to be dancing, make sure you find the right beat you can dance to. Again, this will also depend on what style/genre you want to go with -- will it be a slow dance? Will it start slow and transition to something more uptempo?

4. Have fun

  • All in all, enjoy the process of picking your first song. Don't be afraid to explore uncharted territory and express yourselves as a couple. 

5. Trust your gut

  • You and your spouse will come upon the right song and there will be no doubt. When that connection is made, it will also be translated onto the dance floor. Trust it.

This post was done in collaboration with Rosey Gonzales