One of the classic real estate anecdotes is that the best time to buy real estate is always 5 years ago! In other words, real estate is a long-term investment so you want to jump in the game as soon as you can and then hang on for a long ride (dear life?). According to the Financial Times, if you were the Queen of England, you would have seen your real estate income property portfolio produce a 9,200% increase in rental income during your 60-year & countin' reign. Queen Elizabeth’s … [Read more...]
It's beginning to look a lot like (no not Christmas though that's also true especially in Union Square) a strategic time to buy a home in San Francisco. Contrary to popular belief, the holiday season is an excellent time to be a home buyer whether you are a first time buyer looking for a SoMa loft or Mission TIC or a homeowner looking to trade up out of their starter condo and into a Bernal Heights or Noe Valley single family home for sale. Why the holidays are a great time to shop for a home … [Read more...]
This time, YOU are telling ME that it’s the right time to buy a home in San Francisco! The fun starts now.
Hmmm, maybe it really is the right time to be a first time buyer and buy a home in San Francisco, whether that's a starter condo in the Mission or 3 bedroom view condo in Pacific Heights. At least that's what I've been hearing straight from the horse's mouth, i.e. my first time home buyers in SF. Yeah, yeah, I know that I've been writing this for a while now. Point 1: Crazy low interest rates on safe mortgages like the 30 year fixed rate home loan. Point 2: Reduced home prices even in the … [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...]
Real estate is complex but it's not rocket science. There are tried and true tips to the home buying and selling process. There are things that all San Francisco home buyers should know. When you work with an agent, she or he should be educating you on these issues from the beginning. For example, I sit down with potential clients for an initial consultation. It's a no-pressure meet & greet where we talk about the market, the buyer's plans, answer preliminary questions and see if we're a … [Read more...]
According to The Wall St. Journal, more homes in California are selling. "California's housing-market slump showed hints of improvement in March, with sales of existing single-family homes increasing 64% from the prior-year period and median home prices rising month-to-month for the first time since August 2007, according to a trade group report." Does this mean more homes in San Francisco are selling too? More on that later. … [Read more...]
Tired of waiting for the Sunday Chronicle to see when that house you've been eyeing will be open? Want to know NOW what houses are open this weekend? If you are actively looking to buy San Francisco real estate, you should be hooked up with an awesome local Realtor, i.e. me if you are smart! ;) Your agent will be helping you figure out which open houses to see and which are a waste of time. We save our clients a lot of time by helping them sort through the dogs (unless you are looking for a … [Read more...]
Well, it's not particularly great news but it's pretty fair and accurate considering how not so long ago the lovely Chron real estate folks seemed to only like to trash us agents. In the slowdown, have they decided to stop biting the hand that feeds them? Yet, I regress. I don't have time right now to pontificate (yes, you are so sad) because I'm on my way to a signing, aka closing appointment. Yes, folks are buying homes in San Francisco. In this case, they're buying a great single family in … [Read more...]
My advice to folks considering buying or selling San Francisco real estate in today’s market: To the first time buyer: BUY BUY BUY (This is a “once in 10 to 15 years” kind of opportunity. TICs, Condos, Lofts and some single family homes are ON SALE. Rates remain historically low and loan options abound for those with low or high down payment.) Read more here. FHA loan info here. To the home owner of 1-3 years: HOLD* ** Stay put and enjoy your home. It will be a great … [Read more...]
Just 5 of the Reasons Why I wish I was a First Time Buyer Right Now: 1. I'd finally have a **** chance to get my first choice home rather than lose out over and over again in outrageous bidding wars!! For the first time in many, many moons (most say since 1990-1991), San Francisco real estate is not a crazy seller's market. The playing field is MUCH more even. In some micro-markets, it is even a buyer's market. In general, the market is balanced and for a chronically "low supply / high … [Read more...]