The building in question in deed did go into contract around the October 10th but it is not showing as closed yet, the final price will be known and disclosed when it closes escrow.
If you want to search sold listings try registering on my website where I show the live mls data, as a registered user you will get access to pending and recent sales. http://zephyrsf.com/agent/matthew-goulden/user/register?key=YWdlbnQ9MzIxMDk=... more
That's a new one for me!!! Why don't you take photos of your cash as proof of funds? But seriously this sounds risky. I don't know how much you have but if people become aware that you have such cash in your home it could be very dangerous. Be very careful of who you tell, what you do and how you do it. You might potentially face some legal and tax consequences as well if you can not prove how you got the cash or accumulated the sum.
All data from sources deemed reliable but subject to errors and omissions, and not warranted.... more
The answer is it depends. In our area anything on a hill has the potential for great views, so those could be more expensive. However, as an example, a view property in diamond hts is likely going to be much less expensive than a non view similar property in a good noe location.
Since San Francisco has so many micro climates and micro neighborhoods, if you are thinking of buying the best thing you can do is contact and experienced broker like myself to understand valuations.
Lance King/Owner-Managing Broker
DRE# 01384425... more
This is a very broad question. The cost will depend upon the size of the roof, the materials you select, the pitch of the roof complexity of the specific home. A Victorian style home often has a number of different ridges which would also add to the complexity and cost.
My suggestion would be to contact a couple of local roofing companies in San Francisco give them the address and request a bid. If they need access that you can't provide, request a range of costs depending on the details once they are finalized. This will give you the details you need to make your decision. I hope this helps.... more
A bedroom can be any size Jennifer. It does not have to have 2 forms of egress. But it must have a closet and a window. Some people call a room a "bedroom" if there is a closet nearby - across the hall or right outside the room. Others call a room a bedroom without a window or a closet but I really feel those are not bedrooms and should not be labeled as such.
Hope that helps!
This is in all honesty a question for an attorney who deals with tenants in San Francisco and know the rent laws. If you want to call me i can briefly go over the basics and then email you a general guide to the process. If this is something you then want to know more about then i will gladly set up an appointment with you to discuss your ideas.
I would be pleased to email you a list of everything that is needed for a loan. There is too much to put down in a short post. Or try contacting an excellent lender, Ephraim Schwartz, Odette Mortgage Group, 415-931-2129 or email@example.com.
I look forward to getting an name and email address.
There are a lot of programs out there. Besides FHA loans at 3.5% down payment, there is another product I have that can allow you to go 5% down payment on a conventional loan with no mortgage insurance. You have to qualify either by meeting income guidelines or the property itself qualifies, but it's a great product for a first time home buyer. Let me know if you would like to talk about further programs and rates.
Have a great day.
RPM Los Angeles
Cell: (310) 995-0975
Hi Jennifer-The biggest consideration is whether the units have tenants. There are strict laws involving tenants in San Francisco. Single family homes are generally easier to "owner-occupy" in most circumstances. If they are vacant, two-unit buildings do often sell for a price that could be comparable to two individual units. In many cases, there is work that needs to be done on the units, making comparison to current sales of condominiums more difficult. Remodeling costs and potential have to be factored in at that point.
These and many other important factors are excellent reasons why a knowledgeable agent can help you find the right property. Feel free to contact me if you'd like to know more. Best of luck-
Not sure if the number 1301 is the number of units sold below asking or an address but I want to offer a fact that my research shows is pretty consistent in the San Francisco market. (I can't say if this is typical in other markets because I have never seen this data analysis anywhere else)
Pulling sold data from our MLS I've documented that forty something percent of properties sell below the original asking price, another forty something percent selling above the original asking price. The most surprising outcome for me was the consistently small percentage, usually single digit, of properties that sell at the original asking price.
The fact is that there are two prices involved in the sale of real estate. There is what I call the "marketing price" and then there is the "sale price". With a dynamic market, like SF has, it is virtually impossible to predict what the buyers will pay for a specific property. When prices are rising because there are more buyers than inventory it is always possible that any single buyer might shoot the moon with an offer. When the market is in decline, like it was when confidence was low and money not really available, who can tell if a buyer would be found for the place?
One other fact that turned up in the above research; if a property sells below original asking, it takes an additional fifty days to sell. Yup, fifty days. The average DOM for units sold below asking was in the eighties and over asking was in the thirties.... more
Depends completely on the property (location, condition, design, etc. etc. etc.). Most pre-foreclosures would be short sales if the owner put it on the market, so you have to assume in a pre-foreclosure sale that a lender may get involved.
I do several unsolicited offers on pre-foreclosure and standard properties each year and I've yet to get a response when starting at about 65% of FMV. Unless you can verify the owner has a lot of equity and few choices, 65% usually won't be taken seriously.
But if the situation is right, why not?... more
There are so many great neighborhoods in San Francisco, and don't forget we are just 7 miles x 7 miles so many neighborhoods are close to downtown.
The Inner Mission was just named the 2nd "hippest neighborhood in America" by Forbes magazine -- I have a luxury condo listing coming up in the neighborhood you may be interested in seeing. There are restaurants such as acclaimed Flour + Water, coffee shops, indoor Cliff Climbing, bars and night spots.
You may also really enjoy a condo near Union Square where you'll find all the best shops, from Macy's, Saks, Tiffany, Hermes, Chanel, Gucci, Barney's, Bloomingdale's and the like and close to museums and theaters. This area has more of a Manhattan feel to it.
South Beach is near the Ball Park -- Go Giants! and the Embarcadero and Ferry Building, with plenty of choices in a wide range of buildings. This area feels a bit like a cross between Santa Monica and Venice Beach.
Welcome to San Francisco! I moved here from New York 20 years ago and absolutely love it.
I would suggest you talk to Tim Wood of Terra Mortgage Bank @ 415-464-1374. Or go to my website www.sallyrosenman.com and go the Resources and look under Bankers/Mortgage Bankers. Pick one and give him or her a call.
Dont look a gift horse in the mouth.
This could have gone 180 degrees in the opposite where you are having to evict her...and i have seen that happen plenty of times.
I would not, however, agree to give her the deposit toward rent. Let her know you will release this back to her once you have inspected the property and ascertain its condititon.
This is just from personal landlord experience.
Never let them walk without having some money to hold over their heads.
Get the rent.... more
Challenge it with each of the 3 credit bureaus. They are supposed to remove it during the challenge, and only add it back on if GMAC fights it. I'd suggest going through GMAC, but that is likely to be harder given the red tape and lack of motivation you'll likely encounter.
While you're at it, challenge anything and everything on your 3 credit reports that doesn't look accurate.... more