The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that the main reason why non-homeowners do not own their own homes is because they believe that they cannot afford them.
This brings us to two major misconceptions that we want to address today.
1. Down Payment
1817 California Street, #106 - Just Listed!
This lovely One Bedroom, One bath Pacific Heights Condo just came on the market for $700,000. Perfect entry level home or down sizers looking for a ground level home with easy access to the elevator.
Ground-level Pacific Heights condominium just 1/2 block from Whole Foods. Convenient to nearby shops, restaurants, and entertainment as well as tech bus stops and public transportation. 1.5 blocks off Van Ness with walk score of 98! Patio adjoins landscaped common courtyard with lush gardens and heated pool.
Other building amenities include laundry room and shared storage. Unit includes assigned one-car garage space accessible by elevator or nearby stairs....
650 Delancey Street #407 San Francisco CA 94107 - Sold!
A super hip loft in a historic building, The Oriental Warehouse, a fabulous listing partner and the coolest client I have ever had the pleasure of working with. Feeling very grateful for the whole experience.
I was fortunate enough to co-list this property with my long time and dear friend, Eric Turner. He is a premiere listing agent in the South Beach neighborhood in San Francisco. We successfully prepared, staged, marketed and sold this live/work loft space together for over asking price. We made a great team, combining our skill sets to get our client the highest and best price for her loft....
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.
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.
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 who...
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:
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!
Realtor, San Francisco Modern
Email: [email protected]