Hi there, I'm about to get into purchasing a home in DC after I sell my condo in Lake Merritt. I

Asked by David Woo, Oakland, CA Tue Sep 1, 2009

anticipate probably buying maybe late 2009? Even without selling my place, I should be good for a purchase price of $550k. Is it possible to get a decent 3/2 1500 square foot home in DC without any or much rennovating and if so, what areas? Also if you could answer how much more/less are homes in DC selling above/below list price? Thanks for any help!

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Thez Santos’ answer
Thez Santos, Agent, Daly City, CA
Tue Nov 10, 2009
Hey David , I got the perfect house for you !!! 628 Macarthur Drive , in Broadmoor area. 3 bedrooms , 2 bathrooms, gleaming hardwood floors, new carpet, granite counter top, reccessed lightings, crown mouldings, designer's paint and the best part is : it's a REGUAR SALE ,, so no waiting !! Buyers are tired on short sales because approvals takes forever .

Email me thez@thezsantos.com , or call me (650) 520-7770 .. I can help .. Take care.

Thez Santos, Broker /Owner
TS Global Realty
Web Reference:  http://www.ThezSantos.com
0 votes
Wilma L, , San Mateo County, CA
Tue Sep 1, 2009
There should be some homes like the others have said in Daly City, South San Francisco, and some parts of San Mateo also.
Web Reference:  http://www.whillamina.com
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Jeff Tung, Agent, Burlingame, CA
Tue Sep 1, 2009
Hi David Woo,

With your price range, there are homes that fit your criteria. Don't be surprised when you find a home in this price range that you may have to make a bid for the home that is over the asking price. There are also homes available in this price range in So. San Francisco and San Bruno. Please let me know if you would like more info.
Web Reference:  http://www.jefftung.net
0 votes
David Woo, Both Buyer And Seller, Oakland, CA
Tue Sep 1, 2009
I am working with a realtor for selling my condo and I would consider a fixer as cosemetic problems. I'd like the "bones" to be good, solid foundation, roof, no pests/mold, etc. but can be older kitchen/bathrooms that I would just have gutted and redone. Thanks!
0 votes
Wilma L, , San Mateo County, CA
Tue Sep 1, 2009
What do you consider a fixer upper? Just that people have different opinions on that and what one might consider ok, another person might think it's too much to fix for them.
Web Reference:  http://www.whillamina.com
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Renee lamb, Agent, Danville, CA
Tue Sep 1, 2009
need to connect to a referred real estate agent in the d.c. area..i know several that i can refer to you...rlamb@rockcliff.com
0 votes
David Woo, Both Buyer And Seller, Oakland, CA
Tue Sep 1, 2009
I haven't been pre-approved but talked to a lender a few days ago, gave him my numbers and he gave me 2 senarios based off of our incomes ($100k/year combined), credit scores (both 800+), down payment (up to $120k) and debt (monthly obligations of $400 which can be completely paid off if need be): 1st senario is 500k purchase price with 20% if I buy before I sell my condo (and pay off my debts) and 2nd senario is 600k purchase price with 20% down if I sell my condo before buying (no need to pay off debts). I haven't gotten pre-approved yet because I think we will go with senario 2 which means I can't start the buying until I've sold. I don't want to run credit twice or submit multiple sets of financial papers if I don't need to.

The other possibility we were thinking of is maybe a fixer-upper 3/2 1500 square foot home and rennovating? How likely is that at around $450k-480k range? Thanks for the help! David
0 votes
Wilma L, , San Mateo County, CA
Tue Sep 1, 2009
Have you been preapproved yet?
Web Reference:  http://www.whillamina.com
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Fiona Santos, Agent, San Francisco, CA
Tue Sep 1, 2009
Hi David,

You can check out Westlake & Serramonte areas for a little more fixed-up homes. There are probably the same number of foreclosures in Original Daly City, St. Francis and the Skyline areas which are cheaper but they are of course in need of care. Right now, there has been a lot of activity in our market and in Daly City specifically, houses are selling just slightly below asking price unlike in the past months where it was selling 10-20% below asking. Each property is different, the move-in ready ones are now getting multiple offers.

Are you working with a realtor? If not, I can send you listings targeted to your specific areas and also provide you with a Comparative Market Analysis for each property you're interested in. Feel free to email me at fiona@fionasantosrealty.com or call/text (415) 513-8876.

Best regards,
Fiona Santos
Web Reference:  http://fionasellshomes.com
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