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Home Buying in 94107 : Real Estate Advice

  • All63
  • Local Info10
  • Home Buying28
  • Home Selling6
  • Market Conditions3

Activity 26
Wed Sep 28, 2016
Arpad Racz answered:

What area of San Francisco are you looking to buy in, and what are your minimum criteria, such as number of bedrooms and baths please?

Thank you,

0 votes 2 answers Share Flag
Sun Apr 3, 2016
Ryan Rudnick answered:
I agree with the comments below - you'll definitely want to work with a knowledgable local Realtor to help you with this process as it can be quite complex and daunting, especially for a first time home buyer. There are some programs that will help first time buyers get loans with a low down payment so if you were to qualify for one of those or can find a lender that works with low down payment buyers, it's entirely possible that you could purchase without much down. That said, the general rule of thumb that lenders look for is a minimum of 20% down payment, depending on your credit, income, debt and other financial factors. ... more
0 votes 4 answers Share Flag
Sun Apr 3, 2016
Ryan Rudnick answered:
If you didn't remove the contingency and it (or the extension of the contingency) has yet to expire you should be fine to pull out of the deal. Check with your real estate agent to find out for sure given your specific situation. ... more
0 votes 2 answers Share Flag
Mon May 18, 2015
The Best Realty Team answered:
There is a program that I use that provides 10,000 towards your down payment and closing costs. It is a zero interest and zero payment loan that is only due when/if you sell the home. I have closed using this program several times and would be happy to assist you. Also I use a 2,000 tax credit program (MCC), which enables you to receive a 2,000 tax credit for the life of your loan.

1-Must not have owned a home in 3 years.
2-Must have been in the same line of work for 2 years
3-Must make more than 25k but less than 80k
4-Must have 1,000 to put into the deal.
5-640 minimum credit score.

Contact Andrew 954-394-7185 Text first Please!!!!!!!
... more
0 votes 4 answers Share Flag
Mon Sep 29, 2014
Joanne answered:
yes i work for a broker who has lenders available and can lend on condos that are in litigation. We currently have 2 refinances in process and condo is in litigation similar to yours (Structural) will do loan amount up to 625,500
please massage me if interested and i can forward you my brokers contact info. thanks
... more
0 votes 7 answers Share Flag
Sun Jan 19, 2014
Keith Bosworth answered:
We offer a Arise reward points based on the purchase price of your home. This goes towards your closing cost. The home loan will cost you nothing.

I would consult your tax consultant to learn how you can benefit from becoming a homeowner. I am sure that you are aware that there are benefits of homeownership.

Keith Bosworth
Arise Realty/Ascend Mortgage
... more
0 votes 6 answers Share Flag
Sun Nov 17, 2013
sadfr answered:
Master Condo Association policy often cover the structure out side shell. As for any interior known as Additions & Alterations this is why you should have your own seprate policy. Also you will want to have liability protection, Personal Property & loss accessment coverages

ask to see the master policy

read the condo documents
... more
1 vote 5 answers Share Flag
Thu Nov 7, 2013
Tony Abad answered:
Need to know more about your situation. For example, have you purchase a home before? Also, different cities have different programs. Email me for more info
0 votes 1 answer Share Flag
Sat Feb 9, 2013
Gabriel Rojas answered:
Hello india19723,

First, are you looking to buy in Florida or in San Francisco?

Second, do you have a lender that you are currently working with? If not, I have a great team from almost all of the major lending institutions and will refer you to some or all by request. A person trained and licensed in finance would most definitely be the person you'd want to speak to about your options.

Good luck and write me directly if I can assist you further.

... more
1 vote 1 answer Share Flag
Fri Sep 14, 2012
Jed Lane answered:
Property ownership is public record. Right before escrow closes the title/escrow company records the name of the owner with the county recorders office. The "chain of title" can usually be traced back to the first owner. ... more
0 votes 6 answers Share Flag
Mon Jun 25, 2012
Bryan answered:
I've had a great experience with Allied Home Warranty. They have a one page contract which makes understanding exactly what my warranty covers much easier for me. I don't have to spend hours reading though five+ pages of fine print. When I needed service a few months back, I called to file a claim. Their customer service was fast and easy to work with. They sent a service person out to my house the next day. I highly recommend them! ... more
0 votes 5 answers Share Flag
Fri Jun 8, 2012
Alina Aeby answered:
Hello there! As a fellow parent, I can understand how important the schools are.

Not all the schools are bad in San Francisco- we have plenty of good ones, but it is either hard to get in or they cost a substantial amount of cash.

However, the price point of 600k for a 3-4 bedroom house is probably the most difficult to achieve in SF Bay Area.

I agree with my colleagues that Contra Costa or Alameda Counties ( East Bay) are your best bet, but the cites with the best school system are more into the 800k price range than 600k. A BART/ MUNI combination will take you from there to Potrero Hill. The is no BART station in Potrero, but we have a CalTrain Station. The same goes for cities such as Mill Valley, San Anselmo, Corte Madera or San Rafael (Marin County), well known for their good schools. You will have to commute by car though, crossing the Golden Gate Bridge.

FInally, in the Penninsula, cities such as San Mateo, Belmont, Palo Alto, Lost Altos have good public school systems. But they come with a steep price. Possibly BART commute from some of them and definitely car.

The reality is that you have to go further than that for a 600k priced bigger house.

These are the places where you may find a 600k home: Pleasant Hill, Concord, Antioch, Livermore, Lafayette(East Bay), Vallejo, Cotati, Fairfax, possibly San Anselmo (North Bay), Daly City, South San Francisco, San Bruno, parts of San Mateo( Peninsula)- these are the closest to SF, making your commute shorter, but you will need to find solutions for schools.

Another option will be renting into a good school system area.

I suggest that you look into all options.

Good luck!

Best regards,

Alina Aeby-Broker Associate
Pacific Union International
... more
0 votes 5 answers Share Flag
Fri Nov 18, 2011
Stig Mallovitz answered:
Why are these "experts" so ill-adept at answering the simple question? He wants to know what an apartment owners' rights and obligations are with respect to getting his unit back after catastrophic building fail, regardless of insurance.

For sake of simplicity, let's assume he owns unit 401 on the 4th floor of a 20 story building with 500 residential units that occupies a whole city block. Say the building has normal HOA insurance, but it is destroyed in a terrorist bombing that is not covered by the policy.

What happens now?
... more
0 votes 8 answers Share Flag
Thu Mar 10, 2011
J Mario Preza answered:
With a budget like that, you ought to be able to buy any number of properties in Potrero, I would think. Good luck.
0 votes 3 answers Share Flag
Tue Mar 1, 2011
Deb Forte answered:
You can ask a Realtor to find out the details. You are right on in your opinion. Some times heat.
0 votes 7 answers Share Flag
Fri Feb 18, 2011
Paul Hwang answered:
Our offices are at 1st and Folsom, let's walk instead of drive. That's the whole point of living in SoMa South Beach!
0 votes 9 answers Share Flag
Fri Feb 18, 2011
Paul Hwang answered:
Hey Peter,

Our office is 1 block away from Baycrest, there are some good deals out there, come by and I'll show you.
0 votes 4 answers Share Flag
Fri Feb 18, 2011
Paul Hwang answered:
There are a lot of great buys out there right now in the forms of short sales and foreclosures. Additionally if you come down to SoMa South Beach the new high rises tend to rent out at higher rents because they can be rented out furnished as corporate rentals. I've recently rented out a 2 BR at One Rincon Hill for $10,000 / month!

Of coarse if you really are focused on cash flow you should consider commercial properties. I think SoMa South Beach has a good future in that respect.
... more
0 votes 9 answers Share Flag
Wed Jan 19, 2011
Kenneth Epley answered:
As a long time Realtor and property owner in San Francisco the question isnt so much about retention of values as it is to understand what the value is about the property you are interested in. Lots of example are out there about properties in both districts being worth less now than years ago. Indeed our tech guru just gave us a presentation today that prices city wide are equal to what they were in 2004-05. The answer to you question is ... it depends on what you really want to buy, where you want to live and getting in at the right price. ... more
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Wed Oct 28, 2009
Cece Blase answered:
Hi DMT. Both those units are in escrow. They originally came on the market this past summer. I wrote an offer on one of them for my client and we wound up competing with 5-6 other buyers. A similar situation happened with the other unit. Both units are short sales.

From what I understand, both units wound up going into contract in the low 600s. Each of the units fell out of escrow at one point but new buyers were quickly found to replace them.

They are remaining in escrow without closing and showing up on Redfin because the listing agent is negotiating with the lender(s). LIke all short sales, this one will probably take awhile.

Call or email me if you want more information about these units or other short sales and/or lofts in San Francisco. You can learn more about who I am and how I work on my blog and my website, . Thanks.
... more
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