Posted by Renee Adelmann on Wednesday, January 4, 2012 at 6:40:39 PMBy Renee Adelmann / January 4, 2012Comment
Just Sold! 1935 28th Ave - I helped some first-time buyers get a excellent deal on this 2+bedroom/2bathroom house in the Parkside neighborhood of San Francisco. This challenging transaction finally closed last week after three months of manuvering through numerous obstacles that arose during the escrow period. My clients were very happy to have been able to purchase this property for only $512,000 which is an amazing price for a single family home in this part of the City.
This deal was extra tough for many reasons: the seller was a bank, the property needed cosmetic upgrades & the first-time buyers were obtaining not only a primary loan, but also a second loan in the form of financing assistance from the City of San Francisco's DALP program (a City sponsored home-buyers program). We had to work closely with the Mayor's Office of Housing to get simultaneous loan approvals & a final property condition approval. It was a lengthy complex process; I know that everyone involved was very relieved to bring this to a successful close! Thanks very much to Ray Giampaoli of WJBradley, mortgage broker extraordinaire, for all of his extra hard work on this one; and also to staff at the MOH for your efforts to get it funded by the end of the year, and lastly, to John the listing agent, who held steadfast even after five COE extension requests....we could not have done it without any of you! Suzanne, Ken & Michael are very happy to be able to celebrate the New Year in their new house.