Asked by Chrystal Ball, San Francisco, CA • Tue May 7, 2013
My husband and I have lived in an apartment for ~10 years in SF. The building isn't listed until next week or so, but it is up for sale. The price is within, but at the top end of what we can comfortably afford, but it has 2 other solid renters and it appears appropriately priced. The building needs much work on the exterior, requiring additional investment, but we have no doubts the ROI is considerable. We know the place, the neighborhood, and the renters. The place will go fast considering the neighborhood and the price. We were only slightly, mildly looking until we got this news. Now we've jumped into action. Are we naive to attempt to make an offer? We wont have much time to consider other places and are just now looking for an agent to help. Anything we should absolutely be aware? Admittedly, this would be our first home purchase in SF, but we are long time residents.
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