What is a walk score? Washington Post wrote, "Walkscore.com ranks communities nationwide (and soon, globally) based on how many businesses, parks, theaters, schools and other common destinations are within walking distance of any given starting point." Being in San Francisco most properties have a high walk score. We have been showing our listing's own walk score as a marketing point. It almost seems obvious that a higher walk score can add value to your property. Wall Street … [Read more...]
Q: We own a home in San Francisco and are considering selling it. What are the most important factors to consider as we make our decision to sell? A: This question is about control. Who controls what in real estate? There are many factors, both global and local, that will affect your results when it is time to sell your San Francisco home, whether it's a Bernal Heights single family house or a Mission Dolores condominium. Here is our Cheat Sheet to the 6 most important components that will … [Read more...]
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, … [Read more...]
Bernal Heights Real Estate is back in demand - not that it ever really wasn't. Okay, the reality of today's market (and the market of years to come?) is "survival of the fittest". (Happy Birthday, Darwin!) Not all homes for sale in Bernal Heights (or most SF neighborhoods) will sell. In my world, we think about it this way. Are you "Just Listed" or actually selling your home? Funny but not really. There is a lot of time, money, and emotional energy involved in properly preparing and marketing a … [Read more...]
The Economist says the worst of America’s real estate downturn is over and you’ve been thinking of selling your San Francisco home, what to do now?
January 2nd's The Economist notes, "House prices are still far above their fair value in many countries - though no longer in America." Of course, the article does warn that "a further downward leg is possible since past housing busts have pushed priced below their fair value..." but those of us in the San Francisco real estate market have seen time and again that SF is the last to go down and the first to go up (or, at least, amongst the last and first.) So what if you own a home in, say, … [Read more...]