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San Francisco : Real Estate Advice

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  • Local Info253
  • Home Buying999
  • Home Selling137
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Activity 3,799
A few hours ago
Jerry answered:
0 votes 8 answers Share Flag
Fri Sep 15, 2017
Amrita Cottrell answered:
Thu Sep 14, 2017
Tampabaybpo asked:
Wed Sep 13, 2017
Susie Kay answered:
That depends on how much you are willing to pay and the comps. I would suggest that you talk to your realtor and ask for her/his advice.
0 votes 2 answers Share Flag
Wed Sep 6, 2017
Briank010998 asked:
I am trying to purchase a home in SF, California approx $500,000-$750,000. My question is, I collect over $100,000 a year in alimony and child support for the past 2-3 years. I Have bank…
0 votes 0 Answers Share Flag
Wed Sep 6, 2017
Susie Kay answered:
There's no such thing such as the best broker. Everyone is different. Think about what's important to you and interview several brokers and see whether they suit you. Brokers are going to look after themselves, some more than others. ... more
0 votes 1 answer Share Flag
Tue Sep 5, 2017
Jessica Bateman answered:
The origination fee as well as other fees and rates will vary lender to lender. Average is around 2%. I'd suggest using a service like The Lenders Network, they will refer you to a few lenders so you can compare rates and fees to ensure you're getting the best deal. ... more
3 votes 11 answers Share Flag
Tue Sep 5, 2017
Jessica Bateman answered:
FHA loans are more relaxed on DTI ratios than conventional loans. The max DTI ratio for most lenders is 41%. However, in some cases the ratio can be as high as 50%. The Lenders Network can refer you to lenders that may be able to work with higher DTI ratios or lower credit scores. ... more
3 votes 15 answers Share Flag
Mon Sep 4, 2017
Mpgambino30 asked:
We are in the market for a 2 - 3 month short term rental. Is there a way to filter your search so that the results meet this criteria? Thank you.
0 votes 0 Answers Share Flag
Wed Aug 30, 2017
Zeo Niu answered:
Of course, you can sell it with an electric heater.

Zeo Niu | Realtor | Lic. # 01998250
Better Homes & Gardens | Buyer's specialist & Residential/Commercial real estate
C (415) 644-8078 Email you6ying@gmail.com | weiwei.niu@gobhg.com
Team JDJ Testimonies: http://www.zillow.com/profile/JeffreyDeJesus/#reviews
... more
0 votes 1 answer Share Flag
Wed Aug 30, 2017
Zeo Niu answered:
Hi, do you mean the appraised value of garage/bedroom itself or the difference on the total value given an additional garage/bedroom?

Zeo Niu | Realtor | Lic. # 01998250
Better Homes & Gardens | Buyer's specialist & Residential/Commercial real estate
C (415) 644-8078 Email you6ying@gmail.com | weiwei.niu@gobhg.com
Team JDJ Testimonies: http://www.zillow.com/profile/JeffreyDeJesus/#reviews
... more
0 votes 1 answer Share Flag
Wed Aug 30, 2017
Zeo Niu answered:
I suggest you start the initial searching first, have a sense of the SF inventories and what's your purchasing power without selling then decide. If then you realize you do need more cash reserve to make the new purchase work, sell your house and have a seller rent back terms on the contract (you can remain in your old house for 1-2 months as the tenant after closing, which gives you more time to search and close your new home.)

Our team has helped clients with similar scenarios for many times. Contact me anytime if you need to discuss more.

Zeo Niu | Realtor | Lic. # 01998250
Better Homes & Gardens | Buyer's specialist & Residential/Commercial real estate
C (415) 644-8078 Email you6ying@gmail.com | weiwei.niu@gobhg.com
Team JDJ Testimonies: http://www.zillow.com/profile/JeffreyDeJesus/#reviews
... more
0 votes 3 answers Share Flag
Wed Aug 30, 2017
Zeo Niu answered:
It's negotiable. Typically ranging from 5.5%-6%.

Zeo Niu | Realtor | Lic. # 01998250
Better Homes & Gardens | Buyer's specialist & Residential/Commercial real estate
C (415) 644-8078 Email you6ying@gmail.com | weiwei.niu@gobhg.com
Team JDJ Testimonies: http://www.zillow.com/profile/JeffreyDeJesus/#reviews
... more
0 votes 3 answers Share Flag
Wed Aug 30, 2017
Zeo Niu answered:
In my experience, only 2 banks in the Bay Area (Sterling and Bank of Marin) does TIC lending and restriction applies, which give buyer few choices on the financing side. So a cash offer will definitely be very competitive during a bidding war. I don't see a downside when it comes to avoiding financing issues. In terms of buying TIC itself, it's crucial to understand that when it comes to resale, your choice of buyers will also be limited given it's a TIC. However, if the TIC is in the process or has the potential of being converted into a condo, it'll be a very good investment.

Contact me anytime if you need further assistance.

Zeo Niu | Realtor | Lic. # 01998250
Better Homes & Gardens | Buyer's specialist & Residential/Commercial real estate
C (415) 644-8078 Email you6ying@gmail.com | weiwei.niu@gobhg.com
Team JDJ Testimonies: http://www.zillow.com/profile/JeffreyDeJesus/#reviews
... more
0 votes 1 answer Share Flag
Wed Aug 30, 2017
Zeo Niu answered:
Generally, it's 1.25% of the assessed value plus supplemental tax (if it applies). When you make a new purchase the housing value will be reassessed.

Zeo Niu | Realtor | Lic. # 01998250
Better Homes & Gardens | Buyer's specialist & Residential/Commercial real estate
C (415) 644-8078 Email you6ying@gmail.com | weiwei.niu@gobhg.com
Team JDJ Testimonies: http://www.zillow.com/profile/JeffreyDeJesus/#reviews
... more
0 votes 1 answer Share Flag
Wed Aug 30, 2017
Zeo Niu answered:
It depends on the condition of the house and location since the garage has to meet the setback guidelines/building codes. Can you give more specific details?

Zeo Niu | Realtor | Lic. # 01998250
Better Homes & Gardens | Buyer's specialist & Residential/Commercial real estate
C (415) 644-8078 Email you6ying@gmail.com | weiwei.niu@gobhg.com
Team JDJ Testimonies: http://www.zillow.com/profile/JeffreyDeJesus/#reviews
... more
0 votes 1 answer Share Flag
Wed Aug 30, 2017
Zeo Niu answered:
Very important. You need a lender who's honest, competent and can deliver his/her promise. Efficiency and speed are the keys in the Bay Area since it's still a seller's market. Sellers usually don't like a long contingency, which requires the lender to be thorough with his/her due diligence and the ability to give you a green-light and short closing while not putting your deposit in a dangerous position. Generally, I found most mortgage brokers more efficient and responsive than retail banks due to volume and different guidelines but it really varies case by case.

I found it very important in a bidding war that the buyer has a great lender since it's basically team work with the buyer, the lender, and the agent.

Zeo Niu | Realtor | Lic. # 01998250
Better Homes & Gardens | Buyer's specialist & Residential/Commercial real estate
C (415) 644-8078 Email you6ying@gmail.com | weiwei.niu@gobhg.com
Team JDJ Testimonies: http://www.zillow.com/profile/JeffreyDeJesus/#reviews
... more
0 votes 1 answer Share Flag
Wed Aug 30, 2017
Zeo Niu answered:
Changing the zoning of a house in SF can be a tricky and complicated process. I recommend you check with the city or consult with a seasoned general contractor(who're familiar with the process) before you make a move to purchase. It depends on the neighborhood where the property locates (is it surrounded by RH-1 properties or RH-2?) and the local planning department's blueprint.

Contact me anytime if you want to discuss further.

Zeo Niu | Realtor | Lic. # 01998250
Better Homes & Gardens | Buyer's specialist & Residential/Commercial real estate
C (415) 644-8078 Email you6ying@gmail.com | weiwei.niu@gobhg.com
Team JDJ Testimonies: http://www.zillow.com/profile/JeffreyDeJesus/#reviews
... more
0 votes 1 answer Share Flag
Wed Aug 30, 2017
Zeo Niu answered:
Can you be more specific about the details of your second job? It depends on the industry of your second job (is it the same as your primary job) and how the loan officer evaluates it. Different loan officers from different lending facilities will view it very differently. I happened to work with buyers with second job/complicated financial profiles and helped them figure it out with very seasoned lenders I worked with.

Contact me anytime if you want to discuss further.

Zeo Niu | Realtor | Lic. # 01998250
Better Homes & Gardens | Buyer's specialist & Residential/Commercial real estate
C (415) 644-8078 Email you6ying@gmail.com | weiwei.niu@gobhg.com
Team JDJ Testimonies: http://www.zillow.com/profile/JeffreyDeJesus/#reviews
... more
0 votes 1 answer Share Flag
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