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Seller Closing Costs: How to Calculate San Francisco Real Estate Sale Transfer Tax

March 15th, 2010 by Danielle Lazier
Categories: Home Selling
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SF Real Estate Transfer Tax Rate

If you are selling a home in San Francisco, you’ll encounter 2 major closing costs: sales commission and transfer tax. Transfer tax is the tax a City and County charges for the sale or transfer of real estate. Although technically negotiable, most often, as the Seller, you’ll pay this closing cost through the close of escrow. (One exception is the first sales of new construction when the Buyer typically pays the transfer tax.)

The amount of transfer tax varies by City and County. For example, in San Francisco, the transfer tax is as follows:

For homes priced $250,000 to $1,000,000, the tax is $6.80/$1000 (of sales price).
For homes worth $1-5 million, the tax is $7.50/$1000 (of sales price).
For homes worth $5 million or more, it is $15/$1000 (of sales price).

As you can see, this is a hefty hunk of change and a major source of revenue for the City of San Francisco. One would think that given the current financial crisis, the Board of Supervisors would do all they can to encourage real estate sales rather than their current agenda of the opposite! But that, my friends, is another story.

For more info, click here for a chart of how to calculate Real Estate Transfer Tax by California City and County.

Tags: closing costs, seller closing costs, transfer tax

Zephyr MarketTracker

March 12th, 2010 by Cici English
Categories: MarketTracker, Zephyr Real Estate
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Check out Zephyr’s bi-weekly Market Tracker for the latest real estate updates for San Francisco Home-buyers and Sellers.

Want to request a personalized MarketTracker report for your own San Francisco neighborhood? Just send us the request.

Tags: MarketTracker, Zephyr Real Estate

Weekly Update: Zephyr Real Estate New Listing For Sale in San Francisco

March 12th, 2010 by Cici English
Categories: New Listings, Zephyr Real Estate
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Want to know what’s new on the market?

Check out this week’s list of new Zephyr Real Estate listings for sale in San Francisco.

Other resources:

Tags: new listings, Zephyr Real Estate, Zephyr Real Estate Listings

New Listing: 414 Lawton St @ 10th Ave Inner Sunset Duplex – Location, Space, & Options!

March 12th, 2010 by Cici English
Categories: Featured Properties, Home Buying, Home Selling
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414 Lawton St. #A and B

Here is our newest featured property: 414 Lawton St. @ 10th Ave. in the Inner Sunset in San Francisco.

414 Lawton St A & B is a lovely 2-unit building for sale in prime Inner Sunset. Close to public transit for an easy downtown commute plus walking distance to great restaurants, cafes, shops, and Golden Gate Park, this location is both residential and convenient!

Each unit is a spacious 2 bedroom flat with natural light, open floor plan, 2 bathrooms, fireplace, formal dining room, and functional kitchen. In the garage, you’ll find 2-car side by side parking plus storage and laundry. From here, you can access the bonus play rooms and the yard. The building is owner-occupied. It’s perfect for a personal residence with income, a TIC partnership, or as an investment property!

Suggested TIC Prices:

Unit A – Lower – $544,500
Unit B – Upper – $554,500

Showing Schedule:

Open House – Sundays from 2-4pm
Broker’s Tour (all welcome) Tuesday March 16th 1-2:30pm
Broker’s Tour (all welcome) Tuesday March 23rd 1:30-3pm

Want to buy a home in Inner Sunset? Email us to get started.

Thinking of selling your home and want a Realtor with skill and experience but without the “typical agent” drama and ego? Oh, c’mon. We know you do.

Find out what your Inner Sunset home is worth in today’s market or email us for some help.

How’s the market doing? Recent Inner Sunset Real Estate Market Data here.

Tags: 414 Lawton St., Inner Sunset Duplex, Inner Sunset TIC

Zephyr Real Estate: Quarterly Newsletter

March 8th, 2010 by Cici English
Categories: Quarterly Newsletter, Zephyr Real Estate
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Check out this quarter’s Zephyr Real Estate Quarterly Newsletter. Hooray for Spring, longer days, warmer and dryer weather (I hope, I hope) and the San Francisco real estate marketing rebounding.

Enjoy!

Tags: San Francisco market rebound, San Francisco real estate news, Zephyr Real Estate

Weekly Update: Zephyr Real Estate New Listing For Sale in San Francisco

March 5th, 2010 by Cici English
Categories: New Listings, Zephyr Real Estate
Comments: Please leave a comment.

Want to know what’s new on the market?

Check out this week’s list of new Zephyr Real Estate listings for sale in San Francisco.

Other resources:

Tags: new listings, Zephyr Real Estate, Zephyr Real Estate Listings

Downtown San Francisco Luxury Condos: One Hawthorne

March 5th, 2010 by Cici English
Categories: Home Buying, New Construction
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Welcome to One Hawthorne; Downtown San Francisco newest construction condo development. We first talked about One Hawthorne back in the beginning of December. Although not selling yet One Hawthorne has just launched their website.

Get the opportunity to view:

Floor Plans
Amenities and Features
Interior and Exterior Photos
Location and Neighborhood Information
Etc.

Not sure if One Hawthorne is the new construction condo for you? There are a lot out there. Talk with us first! Read about why it’s beneficial to work with your own buyer’s agent when purchasing a new construction condo. We can give you the breakdown on each location so you can find the right property for you. Send us a request for further information on the all the new construction developments in San Francisco and we will get in touch with you.

Tags: Downtown San Francisco Luxury Condos, One Hawthorne, San Francisco New Construction Condos