In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing if your dream home is within your reach.
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Light filled live/work loft space in the renowned landmark building ORIENTAL WAREHOUSE. This coveted top floor unit features a prominent textured concrete wall, high ceilings with skylights and original exposed brick that can only be found in an authentic & historical conversion loft.
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Whether you are buying or selling a home it can be quite the adventure, which is why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal. But in this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘...
In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal.
If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that recently closed) to defend the selling price when performing the appraisal for the bank.
Every month in their Home Price Perception Index (HPPI), Quicken Loans measures the disparity between what a homeowner...
You may think that spring and summer are the best times of the year to list your home. However, winter may actually be as good a time as any to list and sell. Bay Area is experiencing a full-blown seller’s market right now. Demand is up and inventory is down! When thinking about listing your home this winter, consider these 5 reasons!
1. BUYER DEMAND IS STRONG
Buyers are ready, willing and able to purchase… and are in the market right now! Multiple buyers are competing with each other everyday. Winter home buyers are less likely to be browsing, since many have been actively searching for properties since spring. While many buyers drop out of the market in the winter months, you may end up selling to that dedicated buyer who refused to give up! Many buyers are frustrated with the bidding wars that occur in the spring, summer or fall and are more ready than ever to move into their new home! Additionally, companies often relocate or transfer...
As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient lending standards of the previous decade (which created false demand) no longer exist. But what about prices?
Are prices appreciating at the same rate that they were prior to the crash of 2006-2008? Let’s look at the numbers as reported by Freddie Mac:
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We all know SF is now in a big building boom. But do you know what's actively selling NOW and what's coming soon?
Below, I made a simple table where you can see each new constructions at a glance. I will be happy to discuss in detail if you are interested in a certain project, so please feel free to contact me at any time!
Hanna Jung
Realtor, San Francisco Modern
Cell: 415-722-2528
Email: [email protected]
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Last week I was lucky enough to be invited to a talk that was being held at the headquarters of DPR Construction in San Francisco. The discussion was all about Net Zero Energy building practices and the gradual trend towards energy efficient design and building. What better place to have this discussion than in San Francisco’s first Certified Net Zero Energy Commercial Building. The panel was made up of several industry leaders in this particular field as well as the well renowned author Chip Conley.
As our industry gradually begins to acknowledge...
I finally had a chance to visit the highly anticipated luxury new construction at 450 Hayes St today, and here are all the juicy details!
Address: 450 Hayes St. SF/btw Gough & Octavia
Developer: DM Development & DDG (Previous projects include 8 Octavia and 400 Grove)
Designer: Handel Architect (Previous projects include Millennium Tower, NEMA)
(Hayes St view from one of the 4th floor unit!)
The building will have a total of 36 units, featuring courtyard, rooftop...
Happy New Year!
As we enter a new and exciting year in 2016, I just wanted to share with everyone a quick summary of what SF real estate market would look like in 2016, as I've been recently reading many reports released by various sources including San Francisco Association of Realtors, California Association of Realtors, Fannie Mae etc.
Price: The San Francisco median sales price was up 15.7 percent(y-o-y) to $1,150,000 in 2015. Home prices should continue to rise in 2016 but perhaps at a tempered pace as the market approaches a natural balancing point. As Fannie Mae sees it, the year ahead will be less like a person in love and more like one in a satisfying long term relationship.
Inventory: Inventory went down by 3.7% in 2015. It should rise...
