My husband & I are currently renting (moved from East coast) and our plan is to be within the city for the
next 5-7 years. We decided to rent for a year to familiarize ourself with the area (rental lease ends at end of this Sept). We are looking for a 2nd opinion, such as offer amount, stability of area, etc., on a condo that we've just entered escrow and going through the process of removing contingencies. The unit is within SF city proper and is a REO. Please pm us for the address and additional details (we are not sure posting the address on public forum is a sound idea). Thanks in advance for the help!
Specific questions to the unit we are interested in:
what initial offer price would you start with for the unit, if you were buying?
what kind of risk (if any) to you see with this unit?
do you foresee any difficulties in renting out this unit?
General question (not specific to this unit):
In today's market, what is considered a good interest rate ?
We would like your biased and subjective thoughts; so please be brutally honest.
What is the question regarding the condo in San Francisco?
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Fair Housing and Equal Opportunity