Question removed

Asked by Julia, San Francisco, CA Tue Jul 16, 2013

This question was removed by Trulia moderators.


DarthBL, Agent, Dublin, CA
Tue Jul 16, 2013
From the perspective of another buyer, I think this is doable but it will come in the form of trade offs. I would first find a buying agent and get pre-approved with your down. This process will also help you assess how much you can really afford. Your agent should be able to help you filter the properties or use Trulia in your searches. Hope this help!
1 vote
Christian De…, Agent, Oceanside, CA
Tue Jul 16, 2013
Hi Marine,
This is very possible to find something within this budget. I visited many condominiums and TIC today during the brokers tour and I saw some one and two bedrooms, currently on the market and within this budget. Also, before searching for a property, you should get the pre-approved documents since they will be needed to make any offer.

Regarding the bidding war, it depends of the seller and the selling agent's agreement. Recently, I noticed properties that have been on the market for over 30 days in the City.
0 votes
Bellings Bro…, , San Francisco, CA
Tue Jul 16, 2013

As I'm sure you are already well aware real estate is all about LOCATION! You can most definitely find a place in San Francisco for the terms you described above, but I want to echo everyone else who said you have to find a good agent to work with first. A good Realtor will have good recommendations for lenders who can help get you pre-approved with the terms and amount you're looking for if it's at all possible.

You can start with recommendations from friends who have good Realtors they have used, or using a site like Trulia works as well, but it is about finding a good fit with someone you trust. I hope this helps, and if you have any additional questions regarding real estate please don’t hesitate to reach out. I’m always happy to be a trusted resource for all things real estate in San Francisco and the Bay Area.

All the best and good luck with your search!

Aaron Bellings
Realtor, Vanguard Properties
BRE #01915431
0 votes
Helen Yuen, Agent, Oakland Ca 94605, CA
Tue Jul 16, 2013
Can call a lender to pre qualify for a loan (415) 636-0150 can answer some questions for you.
0 votes
Lizete Santos, Agent, San Francisco, CA
Tue Jul 16, 2013
Hello Marine,

It's possible but will depend heavily on the neighborhood-you'll have condo options too. I recommend you get pre-approved in advance and discuss your financial situation in more detail with your lender so they can ascertain exactly how much you can afford.
Our market is very competitive and multiple offers are common place. You'll be competing with cash offers and a large buyer pool but that shouldn't dissuade you from the process.
If you let me know your prerequisites I can offer a more precise recommendation.

Web Reference:
0 votes
Jeff Gray, Agent, San Francisco, CA
Tue Jul 16, 2013

You could definitely get a 1 bedroom TIC for $600K. The problem that could arise is the down payment. Depending upon the TIC financing (fractional or group) 10% might be too low. I was working with a buyer recently who was trying to buy a TIC with 10% down and was always out bid with more favorable offers (20% down or cash offers). The buyer than decided to increase the down payment to 20% and eventually had an offer accepted.

However, you never know until you are out there and putting offers on properties.

I have experience in TIC purchases and if you need assistance with your home search, please let me know.

Jeff Gray
Warwick Properties Group
0 votes
Rob Regan, Agent, San Francisco, CA
Tue Jul 16, 2013
Marine - $600,000 in the upper Haight and NOPA generally gets you a one-bedroom under 700 SqFt leaving you with not much room for a second bedroom. Is that your primary area of focus or are you open to other areas as well?

With $60,000 down the first thing I would do is speak to a lender and make sure you qualify for a loan you're happy with, and have the funds for closing costs as well. I'd also suggest sitting down with a Buyer's Agent and reviewing "your market" - meaning all activity in the areas and price range you're interesting in. If you would have been happy with what sold in the past 6 months there's a good chance you will find something you like. If not, then you have to expand your areas of interest.

I'm happy to explain more if you want to talk.

Rob Regan
Web Reference:
0 votes
Jonathan Ric…, Agent, San Francisco, CA
Tue Jul 16, 2013

There are certainly homes available that fall within your price range, although I'd expect most TIC lenders would want to see more than 10% down. Here is a great article by one of the local experts on TIC financing:

San Francisco's market is still very hot right now, so the best advice I can give you is to be ready to move quickly forward when you find a home that you like.

Obviously, every seller wants as much possible for their home as possible. In San Francisco, the tradition is to set a listing price on the low end of a bell curve to generate attention and multiple offers. However, this is by no means a rule. I recently represented a buyer who successfully made an offer exactly at the asking price, despite the home being priced lower than what it could have gone for. This isn't unusual.

If you're not working with anyone currently, I'd be happy to answer questions you might have. You can email me at
0 votes
George Langf…, Agent, San Francisco, CA
Tue Jul 16, 2013
There is a lot to answer in this question and probably can't get it all done on here. 1 Bedrooms for $600K in the city is doable. $60K down is 10% so depending on credit score, debt to income ratios and a combination of other requirements from lenders it can be done.

TIC's or Tenancy-In-Common is another beast within itself. Very short answer: Requires at least 20-25% down, only 3 banks will lend on this type of property and you are buying a percentage of interest in a building. This is a conversation to be had one on one as many questions will come up and there is a lot to cover.

Let's begin a conversation and set a path for you to purchase a home but you scenario is not out of reach.


George Langford - Senior Sales Associate
Founder of
Climb Real Estate Group
251 Rhode Island, Suite 105
San Francisco, CA 94103
T: 415.336.8191
0 votes
Anthony Young, , San Francisco, CA
Tue Jul 16, 2013
Mostly bidding wars right now. Depending on the neighborhood. Condos aren't quite as hot as the single family homes right now in general. You can shoot for 100-110% of list price as a price target for most neighborhoods.
Let me know if you have any other questions.
0 votes
Ildiko Pali, Agent, San Francisco, CA
Tue Jul 16, 2013
Yes, it is doable. Where in San Francisco are you looking? Also we created a FREE market snapshot for Buyers Feel free to check it out. It has all the valuable information about prices, listings, market statistics etc.
If you have more questions feel free to call us: 415-923-7628.
Web Reference:
0 votes
Cooper Gaines, , San Francisco, CA
Tue Jul 16, 2013
Hi Marie,

It is possible depending on your credit score and income ratios. I'll be glad to suggest mortgage companies for you to contact to get a clearer picture of your options and show you properties that meet your needs.
0 votes
Search Advice
Ask our community a question

Email me when…

Learn more