Stephanie, Other/Just Looking in San Francisco, CA

Are there any more deals to be found in Bernal Heights?

Asked by Stephanie, San Francisco, CA Thu May 24, 2007

I went house hunting last weekend, and it seems that most of the real "steals" are gone.

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8
As the Spring selling season heats up, I'd expect their will be plenty of bargains in Bernal Heights during the next few months. In my opinion, Bernal will represent the most potential for an RE investor over the next year. (In SF that is)
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2 votes Thank Flag Link Thu May 24, 2007
So, this question was asked last summer but I'm sure it's still relevant to a lot of you. Hope so, anyway. My answer is YES. Deals abound in this market.

Properly priced and presented homes are selling really well in most San Francisco neighborhoods which is great for our local economy and market stability. And, great for you would-be home sellers. Just price and market your home correctly, and you'll do fine.

BUT, if you want a deal... look for the homes that are NOT priced or presented well. There are homes that have no open houses, just a lockbox, for example. Or homes where the sellers live there and have not cleaned up AT ALL. If you can see past their odd choice in couch or carpet or even lunch and imagine the potential you'll have as a home owner, you can get a deal in today's market.

Another place to get a relative deal is the condo or TIC market because this market has been most affected by the higher lending standards, aka credit tightening.

Those of you who have saved and have good credit and verifiable income should be buying now or at least within the next quarter or 2. So much of the competition is gone...for now. They will be back. San Francisco isn't going out of style anytime soon either.
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1 vote Thank Flag Link Sat Aug 2, 2008
YES - There are many deals to be had in this new buyer's market however it may not be right in front of your face. I have told my clients to look for the home they really like and then we will start talking about the price. This strategy would never have worked a year ago but its a new day in real estate.

Please feel free to give me a call if I may be of service. 415.515.6097.

James
0 votes Thank Flag Link Sun Nov 9, 2008
Hi Stephanie - This is great question. A "deal" is all in the negotiations. And it is highly relative. I think Roberta's advise is great in working with a local realtor. They can definitely help you figure out what would be a "deal" and what wouldn't.
0 votes Thank Flag Link Thu Aug 9, 2007
um... also, what do you consider as "deals"? what is a deal to you may not be a deal to someone else. could you be more specific?

Gary
0 votes Thank Flag Link Mon Jun 25, 2007
great question, here are a few open houses tomorrow which I think you should check out:

http://sfarmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Sanfr…

http://sfarmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Sanfr…

http://sfarmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Sanfr…

http://sfarmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Sanfr…

http://sfarmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Sanfr…

Let me know if you need any information regarding them. I think these are pretty good inventory to check out. I could also help you setup and account which let YOU choose what you want and send you automatic notification when something fits your criteria comes along. Let know if you are interested.

Good luck!

Gary
0 votes Thank Flag Link Mon Jun 25, 2007
Use the seasonal aspect of real estate to your advantage when looking for a "deal;" shop during November and December. Someone who is selling at that time of year is motivated.
0 votes Thank Flag Link Fri Jun 22, 2007
My best advice: Find a Realtor to be your best friend. Have this friend listen to real estate gossip. You'll be surprised what you might hear. To read more, click the link below:
0 votes Thank Flag Link Thu May 24, 2007
Roberta Murp…, Real Estate Pro in San Diego, CA
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