Home Selling in 94121>Question Details

Cyn, Other/Just Looking in 94111

I have a newly converted condo. How fast will it take to resell it and get it into escrow? The condo is in the Richmond District and recently apprai

Asked by Cyn, 94111 Thu Mar 29, 2012

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All of my esteemed colleagues have offered you great answers to your question.

Although I too would like the opportunity to list your condo and get you the best possible price (in today market - generally offers on days 12 in contract by day 14), more immediately I have three approved and ready condo buyers looking in the Richmond district, which is one place I specialize in. So once you have selected an agent or even if you'd like to see how I can assist you please contact me so that we can get your condo sold.


Dana K. S. Lee
601 Van Ness Ave, Suite S | San Francisco, CA 94102
Mobile: 415.895.8811 | Direct: 415.345.2583
Email: danakslee@pacunion.com | DRE#01899001
Website: http://www.DanaKSLee.com
A Member Of Real Living
Web Reference: http://Danakslee.com
1 vote Thank Flag Link Sun Apr 1, 2012

The time will depend heavily on numerous factors but those that you as the seller can control are condition and price to name a few. Generally 30 days or less but without seeing your particular property it's an estimate. Currently there are numerous cash and qualified buyers in the market that are ready to purchase immediately and this coupled with the low inventory throughout the city makes for a highly competitive market.

Feel free to contact me for a personalized marketing package and interview.

Web Reference: http://www.LizeteSantos.com
1 vote Thank Flag Link Fri Mar 30, 2012
Depends on the condition. Condos are closing in an average of 16 days on the market in San Francisco. If marketed correctly, you should have no problem completing the escrow process within 60 days.
0 votes Thank Flag Link Mon Aug 27, 2012
Cyn--Much depends on property presentation and price. Though the market has been increasingly stronger for sellers in 2012, it's still extremely important to put your property's best foot forward and be strategic about every aspect of a sale.

The refi appraisal is useful, but the numbers are sometimes different when it comes to a purchase refi. Appraisers for purchasers are very conservative these days. The key is paying attention to the very recent market activity in your neighborhood, and basing pricing on that data.

A couple clients of mine who live in the Inner Richmond are in a similar situation, and we've been talking about pricing on their unit (lower flat in a two-unit building, good location near the park). What we discussed is the reality that condo prices can be softer for units without all the amenities. So it's important to be objective as possible when it comes to recognizing the likely value for your condo.

Web Reference: http://www.insidesfre.com
0 votes Thank Flag Link Mon Apr 2, 2012

First, relying on appraisals as an indicator for real value is a mistake. In order to get a real market value you need to have an expert broker/agent help you. Properly priced, quality units will sell very fast and often get multiple over asking price offers as the money coming into this market is definitely heating things up.

We have worked on the sale process with a number of condo conversions and happy to provide you with a comprehensive marketing place and an honest estimate on pricing and expected time into escrow.

Best Regards,

Lance King/Owner-Managing Broker
DRE# 01384425
0 votes Thank Flag Link Fri Mar 30, 2012
I could have it on the market tomorrow and possibly in escrow in days. However, it takes from 1 to 3 weeks to properly prep a condo for the market (depending on if it needs painting and/or staging) if you're lookng to maximize price. After that, planning on 2 to 4 weeks before getting an acceptable offer. The average is nearly double that, but propertyly prepped, an aggressive marketing program and the right price and we should be able to get you a great offer in less than 30 days, and probably less than 15. Finally, figure another 30 days on average for the closing process.

Are you interviewing agents for the job? If so, please contact us today at info@SFisHOME.com.
Rob Regan
Pacific Union
DRE# 01391698
Web Reference: http://www.SFisHOME.com
0 votes Thank Flag Link Fri Mar 30, 2012
Hi Cyn-You are in the right place at the right time. With proper marketing and the right price, you can take advantage of a very hot market and sell your property quickly and for a high price. Done correctly, you can get into escrow within a week of putting it on the market. Two weeks or more are probably an indication that the list price is not correct so make sure you're working with an agent who knows the market.

I am working on a TIC in the Richmond district right now and know from speaking with buyers at the open house that your recent conversion will be a big plus for you. Give me a call and I can give you a better idea of how much your condo could sell for. Thanks!

Matt Ciganek
0 votes Thank Flag Link Fri Mar 30, 2012
Hi Cyn

It really depends, but if the condo's on a desirable block, the building has some curb appeal, the condo istself is staged or presented nicely, and if it's priced properly relative to it's comps then it can move fairly quickly.

The market is heating up and we're seeing properties that have the above mentioned attributes go into contract after just one or two open Sundays.

For a no obligation consultation and a customized opinion of value please call us or drop us an email today.

Thank you,
Stella And Mike
Web Reference: http://StellaAndMike.com
0 votes Thank Flag Link Fri Mar 30, 2012
Congrats on the condo conversion! You can get the property into escrow immediately if you wish by pricing it aggressively. A better question to ask might be, how fast to get it into escrow for the best possible price and terms? Stats show if a property is priced correctly and everything else being the same, it should be in escrow within the first 2 weeks of going to market.

Your question appears to be incomplete. For the best analysis, I need more information and a quick tour of your condo. Feel free to contact me directly to get started.


Oggi Kashi - 415.690.3792 direct
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted.
Web Reference: http://www.oggikashi.com/
0 votes Thank Flag Link Fri Mar 30, 2012
You'll only know after it's listed... Really not enough details here for me to say...
More than happy to find someone in your neighborhood who can get you a better idea...

Jack Mclaughlin
0 votes Thank Flag Link Fri Mar 30, 2012
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