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Potrero Hill : Real Estate Advice

  • All40
  • Local Info10
  • Home Buying13
  • Home Selling1
  • Market Conditions4

Activity 42
Sun Jul 3, 2016
Ryan Rudnick answered:
There are a lot of various charges that you will need to pay when you close escrow on your home. The exact charges will depend in large part on the price of your home, your lender, the escrow/title company and their fee schedule, and the time of year (for tax payments). Buyers tend to pay for pro-rated property taxes, title insurance, property insurance, mortgage fees/points & interest, title/escrow fees, notary fees etc. In my experience this usually ends up totalling less than $10,000 but, again, this will depend on many factors. Your lender and/or your title/escrow company will give you an estimate once you get into contract, and you'll get a final closing statement at the end of escrow. ... more
0 votes 1 answer Share Flag
Fri Feb 6, 2015
Ryan Rudnick answered:
Let us know a bit more about what you're looking for in Potrero and I'd be happy to help!
0 votes 1 answer Share Flag
Mon Apr 14, 2014
Maryann Salt answered:
Hi Alison,

There's been many that have responded with various points for you. The point I will make is that the person that is loosing their home needs to take a serious look at why they got into that position. More likely than not, it's not a situation that will improve. The faster that person contacts their bank to work it out, the more options they will have, versus waiting.

If one is not currently delinquent on their home and has made the past six months of mortgage payments on time, there's the Home Affordable Refinance Program, intended for homeowners that owe more than the value of their home.

If the interest rate is high and they need a lower payment, it's best to consult with a mortgage consultant to see what's available.

If that person needs help, I can be reached at 925-349-2179.

All the Best!
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0 votes 9 answers Share Flag
Thu Mar 20, 2014
Robert Krop answered:
Either one will be able to help you. The best thing to do is ask the agent/broker on their experience with foreclosures. If they don't have experience working with foreclosures it would be more beneficial for you to find an agent/broker who does have that experience. There is a lot to look out for when purchasing a foreclosure and that agent needs to be able to know how to look for that and have the right contacts to help you when even doing your inspections prior to purchasing. ... more
0 votes 11 answers Share Flag
Tue Jan 14, 2014
Jason Walter answered:
Don't do it. Unfortunately it's very easy to post a fraudulent ad. It's best to work with a local property management company in your rental search especially if you're not local.
0 votes 9 answers Share Flag
Thu Aug 1, 2013
Gary Geer answered:
Makahiyavirgie,
Please provice a property address so we can research and help you with your question. Thanks
0 votes 5 answers Share Flag
Sun Jul 7, 2013
John Oldfield answered:
"Days on Market" can be a tricky thing. Looking at the property history in the MLS this property was first put on the market July 26, 2012. They did two price reductions down to $579,000 and it went into contract two weeks later on November 21st. About the same time the sale became a short sale. (Why the seller and listing agents hadn't figured that out until after it went into contract is a question only they can answer). As we all know now, short sales can take a while to obtain lender(s) approval. In early June this year the price was increased back up to $649,000 which was the original listing price and at the same time the agents announced the property was no longer a short sale. (Again, only they know why). The existing contract was cancelled (probably by the buyer). Two weeks later the property went back into contract.

So, from the time it changed status from short sale to regular sale on June 3rd until it went into contract June 18 is just slightly over two weeks. About right in our current market.

This is a good example of why the MLS is still the best source of information and why, especially in a seller's market, you should be working with an agent who will be alerted to these sometimes very fleeting opportunities.
... more
1 vote 4 answers Share Flag
Thu Apr 18, 2013
Melanie Narducci answered:
I wholeheartedly agree with Kenny. Those who live on Potrero won't move, and view properties on the North Slope that have recently sold are making records on sales prices.
0 votes 3 answers Share Flag
Thu Feb 14, 2013
David Tapper answered:
I think Jed's first paragraph says it all.

Good luck,

Tap
0 votes 6 answers Share Flag
Thu Feb 14, 2013
David Tapper answered:
That's a great question.

First they should have the credentials. They should be ASHI and CREIA certified. They should be accountable, bonded and insured and detailed.

The other thing that I think makes for great inspectors is being available to talk with my clients during and after the inspections. They should respond to phone calls from both my clients and myself. Just because they have already been paid doesn't mean the job is finished.

Tap
Coldwell Banker http://www.DavidTapper.com
650-403-6252
... more
0 votes 10 answers Share Flag
Thu Jan 31, 2013
Lance King answered:
“An “escape assessment” is a correction to a property’s assessed value on the local property tax roll. The correction is made because the Assessor’s Office discovered a property or a taxable event that should have been assessed but was not. Current and/or prior year tax rolls may be affected. The most common reasons for an escape assessment are overlooked or unreported new construction, a missed change of ownership… or the removal of an exemption.”

Here is the url: http://sacramentoappraisalblog.com/2012/01/31/what-is-an-escape-assessment/
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0 votes 2 answers Share Flag
Tue Nov 27, 2012
answered:
If the S.F. Rent Stabilization Board allows the pass through of a fee from landlord to tenants to offset
a part of the garbage collection charges for the building, then it may be justified. Things like this are
normally addressed in your Rental Agreement or Lease as items paid for by landlord or tenant. If not, see the SFRSB website for advise - they'll know for sure.
... more
0 votes 1 answer Share Flag
Fri Nov 23, 2012
answered:
I wonder how common this problem is?
John's answer certainly shows the benefit of working with the right agent.
What was the court cost relative to the assessment in question?

P.S. Assessors are counting on owners not questioning their appraisals each year, we review
them annually, and challenge whenever we know they're wrong. The result? For the cost
of a few emails and a couple stamps, we've saved many thousands over twelve years.
... more
0 votes 2 answers Share Flag
Mon Sep 10, 2012
anonymous answered:
Potrero HIll's North Slope is very safe - everything between 22nd and Mariposa, and between De Haro and Pennsylvania is basically just fine, or at least as safe as any other neighborhood ever gets. 18th St. has really experienced a resurgence in neighborhood life, so there are good numbers of people out as late as midnight or 1am on weekends. Car break-ins (snatch-n-grabs) have been an issue, but face-to-face crime has not. As you get closer to the housing projects and to SF General, the crime maps get more crime-filled.

If you're coming up the hill from the Caltrain Station on 22nd, note that the few blocks surrounding the train station is desolate and not yet well-lit at night. I don't hear about a lot of bad things happening down there, but awareness is required. Things get more densely residential by the time you get up to 20th and Pennsylvania.
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0 votes 11 answers Share Flag
Wed Jul 18, 2012
Wendy Watkins answered:
Hello Alison,

There is also a really great art gallery/lounge combo down at 251 Rhode Island and 16th Street. They feature work from local and national artists with a particular focus on San Francisco artists. Every couple of weeks they have a new show. Keep any eye out for one that looks appealing to you and pop in. Don't be surprised if you find yourself dancing away into the night to some of San Francisco's best DJs.

Cheers,
Wendy
... more
1 vote 4 answers Share Flag
Tue Jul 17, 2012
Alison Hillman answered:
Get the latest from Trulia's Commute Maps:

http://www.trulia.com/local#commute/san-francisco-ca

This heat map will shed some light and hopefully some time on your work commute!


Cheers,
Ali, Community Manager
... more
0 votes 4 answers Share Flag
Mon Jun 11, 2012
Matt Ciganek answered:
Hi SFwinegeek- There is potential from many different angles for you in this situation. The most important of which is avoiding the open market right now. There are few properties available and the market has done nothing but go up sharply this year in San Francisco. You have a potentially great deal in getting into a property without having to deal with multiple offers and unknown properties. One risk is that you might not be sure that the offered price is a good deal. I was an appraiser before I became an agent and can give you a good idea if the price is right. Contact me if you'd like to talk more. Best of luck, Matt Ciganek

www.sfpropertyreport.com
415-240-9901


See this article for more detail about the strong local market:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/06/03/MNJ11OMMVC.DTL&type=realestate
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0 votes 3 answers Share Flag
Wed Feb 15, 2012
Sandra answered:
I live on the north slope of P.H., have been here for 50 + years, there is no parking thanks to Zynga, the Culinary Academy, Whole Foods and whatever else has invaded our neighborhood. Our once quiet, clean neighborhood has become a garbage dump for people cleaning out their cars, the, probably, toxic black dust that invades our homes from the constant traffic up and down the block from people looking for non-exsistent parking. How fun it is to watch them pull into a driveway thinking it is a parking space! My neighbors and I have had many cars ticketed and/or towed for overlapping our driveways preventing us access to our homes. We have experienced people banging on our doors late at night wanting to know where their cars are and even had a window broken by someone who was upset that his car was towed.

I love the "Hill", so many memories here, but it's time for me to leave.
... more
1 vote 3 answers Share Flag
Mon Feb 13, 2012
Helen Yuen answered:
Hi - I know a contractor who does quality work and design consultation. His remodels and renovations
look gorgeous, lovely and contemporary - beautifully coordinated colors to your taste.
Archeon Construction for a design consultation (415) 722-1145

Tell Andy you were referred by: Helen Yuen, Realtor Associate, Land & Property Investments, Inc.
Sunset District with free parking, Cantonese, can answer questions about financing, buying, selling.
Call or e-mail with a real estate question helenyuen@lpirealtor.com (415) 469-0577
... more
0 votes 4 answers Share Flag
Tue Jan 31, 2012
Deborah Garvin answered:
Thank you very much for the "Best Answer" affirmation, I sincerely appreciate it! If you have any further questions about FHA 203K program. Best of luck to you!
0 votes 4 answers Share Flag
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