San Francisco Real Estate Closing Costs: Who Pays What?

Here's a guide to closing costs. In other words, who pays what? This list is a general guideline of charges and may not be wholly inclusive for your transaction. … [Read more...]

California Housing Prices Continue Down BUT Number of Home Sales Continue Up

According the 2009 California Housing Market Forecast from the California Association of Realtors, prices will continue to decline into early 2009 while the number of sales will continue to increase. Of course, we usually have a holiday/winter slowdown. What does this mean? On the one hand, prices continue to adjust downward. Most economists foresee the decline to level soon-ish. How's that for vague? On the other hand, more homes are selling than was projected. This signals the beginnings … [Read more...]

But my San Francisco condo’s value is down. Why on Earth would I trade-up now? Um, b/c it could make you money.

Trading Up in a Down Market: The Benefits I've blogged before about the benefits of trading up or moving up in a down or flat market like we have here in San Francisco (i.e. going from your "starter home" to one that has more room and the location you really want). However, I never took the time to actually lay out what I mean. Here goes. Example: You bought your starter condo for $600,000 at the top of the market which was 2004/2005. The place you really wanted (we'll call it your dream … [Read more...]

More News on what the Freddie & Fannie Bailout means for San Francisco Home Buyers and Sellers

We're all a twitter over here in the San Francisco real estate world due to the ongoing credit mess. Last weekend, the government (finally?) stepped in and took over Fannie Mae and Freddie Mac. As there are hundreds of articles, blogs, and opinion columns on this and sure to be more, I want to share some information that I feel well-described what the bailout means to you, me and other folks interested in local SF real estate. How does this affect you if you are a San Francisco first time … [Read more...]

What’s going on in the San Francisco Single Family Home Market? August ’08 v August ’07

How's the San Francisco single family home market doing in this economy, you ask? Well, it's a mixed bag. Overall, our market is holding up VERY well. Kiss your sidewalks, folks. There is some price depreciation in areas but it's minimal as compared to the greater Bay Area, California and certainly nationwide. August 08 v August 07 shows an overall median single family home price decrease of 7.4%. Of course, 2007 was already past the peak so prices may be down more than that from the top of … [Read more...]

What’s my Bernal Heights House Worth?

Right now, the real estate market can be tres confusing. Frankly, I am confused too! Many houses continue to fly off of the shelves, while others sit around...not selling. What is the deal? In markets like ours, there is a wide variation of both inventory (housing stock) and marketing (presentation/staging and exposure of home to the public by agent). Some houses are priced to bring in the crowds and presented to get those crowds to pull the trigger, i.e. write an offer to purchase. Other … [Read more...]

San Francisco Sunset District Home Values: What’s it worth?

As you know, Forbes recently listed San Francisco's Sunset District as over-priced. Of course, they were using a Price to Earnings ratio as their gauge. In my opinion, single family home values in this neighborhood should not be evaluated through this lens. Certainly, there are rentals in the area but mainly, this is a steady, reliable residential neighborhood. Yet, it is important to differentiate within the Sunset. The Inner Sunset, Central Sunset and Outer Sunset all have micro-markets as do … [Read more...]

San Francisco Real Estate Videos of Interest to You!

Need more video? Tom Sinkovitz, the KNTV political reporter and anchor , is working with the San Francisco Association of REALTORSĀ® to produce video features on contemporary real estate subjects. Until yours truly gets her act together and makes some informational videos, I can offer you these professional ones. Hey, at least they won't be lampooned on Curbed like my 1st attempt at a listing video. Or will they? Topics covered include: Why It Makes Sense to Use a REALTORĀ® What to Do If … [Read more...]

San Francisco Single Family Homes: Healthy?

Okay, so if you pay any attention to the mass media, you'd probably think the entire world is collapsing. Am I right? To be candid, even I think like Chicken Little when I look at my SEP-IRA statements each recent month... So, how is the San Francisco real estate market doing? Well, not to sound like the cheery optimists so ridiculed in the non-Realtor blogosphere but yes, San Francisco real estate is doing just fine. No, it's not party like it's 2004 but the market is stable, steady and with a … [Read more...]

One more thing about Fractional Home Ownership: Calling Owners of Fabulous San Francisco Properties

If you have a really fabulous San Francisco property, like a luxury condo near the museums and restaurants or a perfect home in Russian Hill with views to die for, you might be able to turn your real estate into a fractional property. Fractional real estate sells for 1-2.5 times a regular sale and it gives you the option of keeping a part of your property. Say you are ready to retire to the Wine Country but want to have a place in San Francisco during Opera Season (or heck, Giants season for … [Read more...]