If you are shopping for a home in San Francisco, no doubt you have seen the term "Tenancy in Common" or "TIC". A TIC is a form of property ownership but in San Francisco real estate, it also refers to a type of multi-unit building for sale that has not yet been sub-divided into condominiums. Click here for easy to understand articles and frequently asked questions about Tenancy in Common TIC home ownership in San Francisco. Note: TIC financing is specialized so make sure to work with a highly … [Read more...]
Powerful Home Buying Strategies: Don’t Be Pushed Into Any House. OR How Many Homes Should I See Before Making an Offer?
Powerful Home Buying Strategies: Don't Be Pushed Into Any House. OR How Many Homes Should I See Before Making an Offer? A common question from home buyers is, "How many listings should I see before making an offer?" … [Read more...]
Luxury Home Sales Bounce Back - WSJ.com...especially in the San Francisco luxury home real estate market. "After a near-disastrous 2009, the luxury market appears to be making a comeback, driven by growing buyer confidence, improved financing conditions and more-realistic seller pricing. Despite the housing downturn, attractively priced homes in some of the nation's most coveted neighborhoods are selling, sometimes fast and sometimes with multiple offers. Nationwide, sales of homes … [Read more...]
Real Estate Market Outlook – The Devil’s in the Details but Good News for the San Francisco Real Estate Market
Last week, I heard Robert Kleinhenz, Deputy Chief Economist from the California Association of Realtors (CAR) give an Economic Forecast Update. He talked about how the media continues to cover "the California real estate market" when there is really no such thing. What is happening in the major cities and coastal regions is not the same as what is happening inland. As the 5th largest world economy, California is large and diverse. We have many economies and many real estate markets. If you want … [Read more...]
San Francisco Real Estate – Is it smart to trade up to a nicer or bigger or ideally-located home in a buyer’s market?
San Francisco Real Estate Conundrum: Is it smart to trade up to a nicer or bigger or ideally-located home in a buyer’s market? Under many circumstances, it is smart to trade up in a buyer’s market. How can this statement be true? Let's look at an example. Example: Let's follow two San Francisco properties from peak to trough of a SF real estate market cycle. Home #1 - The starter home: Inner Mission 1 Bedroom Loft Condo Home #2 - The desired trade-up home: Noe Valley 2+ Bedroom Single … [Read more...]
There are now 47 San Francisco condo projects approved for FHA low down payment home loans. Caution - Not all FHA approved condos in San Francisco are listed. Consult with a FHA home loan expert. For example, Dolores Plaza was just re-approved for FHA home loans but doesn't yet show up on this list... … [Read more...]
Carpe Diem – How to get up to $18,000 in State and Federal Tax Credits for Buying a Home in San Francisco
Carpe Diem - How to get up to $18,000 in State and Federal Tax Credits for Buying a Home in San Francisco For a very limited time, certain San Francisco first time home buyers will benefit from up to $18,000 in tax credits. Not a first time buyer? You may still be eligible for up to $16,500 in combined tax credits. The deal is that you need to be in escrow by the end of April 2010 and close escrow by the end of June 2010. Three weeks doesn't sound like a lot of time, does it? Yes and no. For … [Read more...]
ABC, it’s as easy as 123. Why you really need to get off your iPad and buy a home in San Francisco – now.
Yes, I am a Realtor so I am biased. Duh. But, honestly, folks. If you have stable employment and some savings (minimal needed for a FHA home purchase), and you've been considering the idea of buying your own home in San Francisco or San Mateo County, now really is the time. Here's why. Last night during an initial consultation with intelligent, thoughtful first time buyers, I was told, "Listen, Danielle. This is the best time I've seen for a buyer in the San Francisco market in a REALLY long … [Read more...]
Today, the Governator or Governor Schwarzenegger signed Assembly Bill 183, the Home buyer Tax Credit legislation, into law. More details to come but here are the basics: First Time Home Buyer Program Must buy a principal residence, i.e a home to live in and owner-occupy. Must live in the residence for the next 2 years at least. Tax Credit is the lesser of either 5% of purchase price or $10,000 Credit given in equal installments over 3 years. Must close escrow between May 1st 2010 and … [Read more...]
We have two great properties that are open this Sunday. Visit us at: 414 Lawton St: a 2-unit Inner Sunset duplex - owner-occupied; sunny and south facing, both units with 2 bedrooms and 2 baths, parking and bonus room. Offered at $1,099,000 $554,500- upper unit $544,500- lower unit NEW LISTING 1839 15th St. #353: Mission Dolores Condo in Dolores Plaza; 1 bedroom 1 bath and 1 car parking, secure building, spacious unit with lots of storage, stellar … [Read more...]