Lance King

"Founder/Managing Broker"
  • I'm a:
  • Real Estate Professional
  • Company:
  • Fixed Rate Properties, Inc.
  • Location:
  • Phone:
  • (415) 282-2280
Lance King, in San Francisco
  • 3 Answers
  • 1 First Answer
  • 2 Useful Answers
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About Me
Fixed Rate Properties, Inc. is the brainchild of Founder and President Lance R. King. Mr. King has engineered two other successful startups and been in the Real Estate Business for over ten years. A Bay Area resident for over 20 years, he began his Real Estate career as an investor while President of a construction supply company that he founded and later sold. As President of Golden State Land, LLC, he specialized in the acquisition, development, and sales of residential land Statewide, in addition to providing consulting, information, and funding for Client transactions across California.
Having started several companies and been on both ends of the spectrum in Real Estate transactions many times over, he believed that the traditional model of home sales was outdated, founding Fixed Rate Properties, Inc. in 2006 to offer Homeowners a smarter (and less expensive) way to sell their home. With the combination of experience as Businessman, Buyer, and Seller, he brings a deep understanding of both the intricacies of Real Estate transactions and the negotiation/sales process, as well as a dedication to providing superior service.
Both Mr. King and Fixed Rate Properties, Inc are members in good standing of the following organizations:

• National Association of Realtors
• California Association of Realtors
• San Francisco Association of Realtors
• BAREIS
• ReInfolink
• Bay East Association of Realtors
Testimonials
"I recently sold my live/work loft in San Francisco using Lance King and Fixed Rate Properties as my selling broker. The fixed rate concept saved me thousands of dollars as compared with a conventional broker. Lance and his organization were extremely efficient and very pleasant to deal with.The property received an "over asking" offer within days of the listing and Lance and his group followed the transaction to completion and skillfully handled some of the "bumps" in the road that these transactions always seem to involve. I wholeheartedly recommend Lance and his organization. Steve S. San Francisco, CA"
Steve Shapiro Wed Feb 28, 2007
"Before I knew about Fixed Rate Properties, I hired another agent to sell my SOMA loft. After three months without a single offer, I let my agent go and started to re-evaluate my options. The market was in a freefall from the highs of 2005, and I needed to make a decision. I was impressed from the first meeting with Fixed Rate. They struck me as more than just another broker - they have a sound business plan with the experience to back it up. The icing on the cake was the over $7000 in commissions I would save by using them over a "traditional" company. In short order I had a solid offer, and more importantly we closed escrow in 20 days. I can't recommend Fixed Rate highly enough. Sincerely, Everett Thompson San Francisco, CA"
Everett Thompson Fri Dec 8, 2006
"I heard of Fixed Rate Properties through a friend and ended up hiring them for two simultaneous transactions - both the sale of my condo and the purchase of a new condo for my boyfriend and I. We had a great experience as they were incredibly responsive and provided top-notch service. Always kept us informed throughout the process allowing us to make timely decisions. It was good to have them engaged in both the sale and the purchase because they understood what coordination was needed in the situation. In addition, they were able to help us deal with a difficult situation in one of the transactions....and given how stressful any real estate transaction can be, that was really helpful! We definitely recommend Fixed Rate Properties to anyone! T. Ting San Francisco, CA"
Tammy Ting Wed Jul 11, 2007
"Can't say enough about our experience with Fixed Rate Properties. My wife and I had been trying to buy a home in San Francisco using another company for over 2 years and we kept getting outbid. In less than 2 months with Fixed Rate we found a great home and got our offer accepted at $100-$150K below what other properties in the neighborhood were going for. And when undisclosed issues arose after our offer was accepted, Fixed Rate negotiated those issues in an expert fashion and to our benefit. When we got the keys to our new home, the owner of Fixed Rate came over with a bottle of champagne (and sparkling cider for my expecting wife), along with a commission rebate check for $8250, which came in very handy after the down payment. If I sell/buy again, I will be using Fixed Rate. I'd recommend them to anybody. Brian Marcus San Francisco, CA"
Brian Marcus Sat Apr 28, 2007
"Working with Lance King and Fixed Rate Properties allowed us to purchase our home at the perfect time. Lance is an expert and the rest of his team are brilliant - both knowledgeable, personable, and humorous. They will guide you through all aspects of your purchase, explain all pieces to you and most importantly, give you space to make a decision. My wife and I needed massive amount of education and training in the fierce San Francisco housing market. Lance taught us the ropes and put us on the proper path to finding the perfect space for us. Also, where Lance shines is in finding information that he might not have on hand or as it pertains to a specific situation. He went above and beyond expectations of a realtor to confidently answer our questions and introduce us to other affiliated businesses he works with regularly. We strongly recommend Lance and Fixed Rate Properties for purchasing property. We look forward to working with him in the future a s well, but only after we get to enjoy our lovely condo he helped us purchase at the ideal time and under the ideal circumstances. J Phillips & L. Fang - San Francisco"
Jon Phillips & Lu Fang Mon Oct 15, 2007
"Dear Lance, Please feel free to use this letter on your website or have any of your potential clients call me. I used Fixed Rate to help me buy a loft in San Francisco on the recommendation of my mortgage broker. I could tell right from the start that these guys really know what they're doing, and that impression only grew stronger as the deal went along. I was amazed how quickly they found me exactly what I was looking for, and although the initial negotiations were quite tricky, the Fixed Rate team managed to get me the price and terms I wanted on the place I really liked. Things got even more complicated when both myself and the Listing agent were in Europe for most of the escrow period, but the folks at Fixed Rate made sure everything went seamlessly - they took care of the appraiser, inspector, title company, and even did a walk through on my behalf to make sure everything was ok before signing off on the deal. The best part was when the deal had closed Fixed Rate brought me the keys to my new home, a nice bottle of champagne, and a commission rebate check for over $3,000. If you're buying or selling Real Estate, you need to hire these guys. Sincerely, Drew Sullins - San Francisco , CA"
Drew Sullins Mon Aug 27, 2007
My Q&A View all >>
Lance King's Questions (0)
Lance King's Answers (3)
Brock, Home Buyer in New York

Seriously, renting with a dog in San Francisco...can this be done?

Asked Thu Feb 28 2008, 10:04 by Brock  -  Noe Valley  -  Quality of Life  -  9 answers
Lance King answered:
Many rentals that say "no pets" are negotiable on the subject, especially for high quality renters who can provide references for their pets behavior in prior rentals. Also, the Fillmore Center allows pets (or they used to) and has some very cool apartments with great views, especially on the upper floors of the two larger towers. That neighborhood is getting better all the time and is close to a bunch of cool clubs and restaurants, and is very centrally located in the city. It's easy to get downtown, and is a $10 cab ride or less to most places you'd want to go. - Sun Jun 1 2008, 22:25
Anthony, Home Buyer in Florida

Cutting out the middle man (realtor) when purchasing a house

Asked Fri May 16 2008, 10:37 by Anthony  -  All locations  -  Home Buying  -  2 answers
Lance King answered:
I know you said you don't want responses from Realtors, but I think this information is useful. I am the owner of a Real Estate company, so I can tell you that any smart Realtor will get an exclusive contract with a Seller, and the listing agreements usually have a clause that they get paid a commission from any buyer who they showed the property to for a period of time after the agreement expires.

If you want to exclude Realtors from the process, look for For Sale By Owner properties if you want to buy. If you want to sell you can also do For Sale By Owner, but statistics show that most of these properties end up getting listed. There are also liability issues that could get any seller into trouble if they are not careful.

There are more and more companies (like mine) that offer expert representation at reasonable prices, and you might look to one of those companies to get the benefit of expertise and reduce liability without paying a small fortune. The most important thing if you do end up using an Agent or Broker is get lots of references and ask lots of questions. - Fri May 16 2008, 10:47
Dkd, Home Buyer in San Francisco

Does attending an open house without a broker essentially bind me into a dual agency with the listing agent?

Asked Mon Apr 14 2008, 21:57 by Dkd  -  San Francisco  -  Home Buying  -  16 answers
Lance King answered:
The short answer is no. Any buyer is entitled to have whoever they want to represent them. As the Broker/Owner of a local Real Estate company I've obviously been on both sides of the table many times, and although it is legal our firm won't represent both buyer and seller in the same transaction as we feel it's a conflict of interest. If we get a buyer who has no Agent we'll refer them to someone who we know is both experienced and reliable.

If you want to buy a property and don't have representation or don't like the Agents/Brokers you know, get a recommendation of a friend or find someone that sounds good and ask for references. When our clients go to Open Houses on their own we simply tell them to let the Listing Agent know they have representation so that no time/effort is wasted on either side.

It's important to note that your choice of representation is just as important even though the Seller pays the Buyer's Agent/Broker's commission. If you have an Agent who is inexperienced/untrained/lacking in knoweldge/negotiating skills, it will likely end up costing you money. A skilled negotiator can save you thousands of dollars, and a knowledgeable and experienced professional can often save you from buying a property that doesn't fit your needs or has serious issues.

The reasons for the request for fee reduction could be a number of things, but listing commissions are posted on the MLS so the Listing Agent's request to reduce the sales commission has no teeth. - Tue Apr 22 2008, 13:49
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What's this?
Specialties
25 years of experience in sales, marketing, & neogitations
10 years in Real Estate
Founder of two other successful companies
Experience
Latest:
President/Founder for Golden State Land Group, Inc.
Founded this company that specializes in the acquisition, development, and sales of residential land Statewide, in addition to providing consulting, information, and funding for Client transactions across California.
January 2003—present
Previous:
President/Founder for King Tool & Supply Co., Inc.
Founded and later sold this nationwide distributor of contractor supplies.
January 1989—March 1999
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