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Home Selling in 94117 : Real Estate Advice

  • All34
  • Local Info1
  • Home Buying10
  • Home Selling2
  • Market Conditions4

Activity 157
Tue Jan 26, 2010
Jed Lane answered:
Shelly, the zip code you put here is a San Francisco zip code. I don't know if Brooklyn agents will see it. Go aheas and repost it.
0 votes 4 answers Share Flag
Fri Jan 29, 2010
Kareem Tannous answered:
Newbie,
The resale value should not be affected so much as to being limited to a certain buyer. Having a non warrantable condo elimates certain buyers because of credit, equity, and condo association criteria. I would consult your local REALTOR for the best advice.
Kind Regards,
Kareem Tannous
... more
0 votes 10 answers Share Flag
Wed Dec 23, 2009
Jeff K answered:
Of course not. Why would family need or want to pay a realtor for a mere intra-family transaction? A real estate lawyer can draw this up on the cheap.

I see that you are a real estate professional, not a consumer, so why the provocative question? Just interested in a cat fight among the agents :-) ... more
0 votes 10 answers Share Flag
Sat Dec 12, 2009
Patrick Thies answered:
Have you spoken to the Broker of the office? Letting the Broker know how you feel may help move things along. If you have tried that and you are going with a different office, have the Broker from the new off try giving the other Broker a call. Unfortunately if you have a listing agreement with the first office, they could hold you to the dates on the agreement. Keep putting pressure on the current Broker to release you from your agreement. ... more
0 votes 13 answers Share Flag
Tue Feb 5, 2013
Sally Rosenman answered:
Dear Meg,

I suggest you talk to the folks at the Mayor's Office of Housing. www.sfgov.org See what others have done and then talk to the bankers they suggest. Or you can find bankers/mortgage brokers on my website listed below. I would go to the Housing office first since there are probably others in your perdicament.

Please contact me if you want info on the various lenders on my site.

Good luck,

Sally
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0 votes 3 answers Share Flag
Fri Sep 18, 2009
David Tapper answered:
It's hard to say without seeing the home, but I would keep it the same for two reasons. First of all, if you remodel it, who is to say that the buyer has the same taste as you do. Maybe they would prefer to remodel and put their own touches on it.

The other reason is how much do you think it will cost and will it really " make you more money"? Maybe not.

That's a tough call. Some buyers love the original are decco style.

Good luck,

David Tap Tapper
Realtor
Cashin Company
www.DavidTapper.com
415-370-7195
... more
0 votes 5 answers Share Flag
Sat Mar 7, 2015
Jesse Sierra answered:
Hi R
Did the agents you contracted do a market analysis on available homes along with sold condos in your community?
They should show you where the current market is and if you are confortable with the selling you condo.
Can your condo be financed with an FHA loan?
Are your agents holding open houses? If not, have them hold open houses if you are comfortable with open houses.
Are the agents marketing your home online or around your community?

Hope this helps,

Jes Sierra, B.Sc.
Realtor®
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0 votes 16 answers Share Flag
Wed Sep 2, 2009
The Hagley Group answered:
I am so sorry to hear this. Most of your questions can be answered at the site below.

It all depends on your hardship, the loans, and the lender. Feel free to call me for specific info if it is not on Short Sale Sheep. ... more
0 votes 7 answers Share Flag
Tue Sep 1, 2009
The Medford Team answered:
Juntache:

Most time frames in purchase agreements are actual days, not business days, and weekend days count. Without looking at the contract, I'd say it has expired.
0 votes 8 answers Share Flag
Fri Aug 14, 2009
Jed Lane answered:
There isn't enough information to give you a realistic answer. Many other criteria such as how was it remodeled, finishes etc all matter. Next the market is not favorable to jumbo loans for homes in the million plus range so it then would depend on how badly you needed to sell and what you paid for it. That would go a long way to determine what to offer it at.
Let's assume you've owned it for decades and need to go quickly it would sell quickly for under a million. If it is tricked out and you could wait for the right buyer it could go for 1.2 or 1.3 or even more if it has views, is on a good block.
You see every home is different in this town. You, the owner can determine the value by looking at homes on the market and paying attention to the sale prices. Comparing your home to the others is the best way to set a value - but we are in a tight money market right now so that affects the sale timeline.
... more
0 votes 6 answers Share Flag
Sat Aug 15, 2009
Sally Rosenman answered:
Dear Jun,

Your realtor should have gone over all the facts with you prior to your purchase. You can check up on all the rules by going to www.sfgov.org and going to housing.

Good luck,
Sally
... more
0 votes 3 answers Share Flag
Thu Jul 16, 2009
Jason Chapin answered:
Hi Angus,

2255 Lyon last sold in May 2007 for $11,000,000. It was not sold via MLS listing, but the sale is a matter of public record.

Good luck to you,

Jason Chapin
McGuire Real Estate
415-420-1143
jchapin@mcguire.com
... more
0 votes 1 answer Share Flag
Sat Aug 15, 2009
Lorraine Meier answered:
Hi Tami,

There are two types of probate sales. The first is known as IAEA (Independent Administration of Estates Act.) This is where the executor-administrator has full authority of sale. In this case, the sale is treated much like a regular sale. The executor-administrator, however, is exempt from disclosure, unlike an ordinary sale. All heirs must be notified in writing of the sale, and would have 15 days to object to the sale. If this occurs, the sale would most likely need to go to court for confirmation.

The second type of probate sale involves court confirmation. The executor or administrator of an estate of a decedent may sell the real property of the estate where it is found to be in the estate's best interests. The representative of the estate may initiate a probate sale by seeking offers to purchase directly or through a Real Estate Broker. In both cases, the real property offering must be advertised by the publication or posting of a notice. Acceptance of an offer by the estate representative Is subject to probate court confirmation. The representative of the estate, with court permission, may grant an exclusive right to sell the property for a period not to exceed 90 days.

An offer to purchase must be for a price which is not less than 90 percent of the property's appraised value. When an offer is accepted, subject to court confirmation, the representative will petition the court to confirm the sale. When the court has set the matter for hearing, any interested person may bid at the time of the hearing. To open the bidding, there must be an increase over the bid returned to the court for confirmation which is at least 10 percent of the first $10,000 bid and five percent of the bid in excess of $ 10,000. Once the bidding has been opened, the court in its discretion may permit the bidding to continue on lesser raises until it declares a bid to be the highest and best obtainable. The sale then will be confirmed by the court to the maker of that bid. Ordinarily after court confirmation of a sale, normal escrow procedures are used to consummate the transaction on the terms and conditions approved by the court.

I hope that helps answer your question. Please let me know if I can help.

Lorraine Meier
Zephyr Real Estate-SOMA
cityrealtorsf@gmail.com
415.596.9362
DRE# 01439005
... more
0 votes 7 answers Share Flag
Sat Aug 15, 2009
Rhanda Salma answered:
Good morning Tulip,

According to CA State Law, your landlord is entitled to show the unit to prospective purchasers as many times as it takes to sell the unit. Your landlord should give you notice of his/her intent to sell the property, as well as reasonable notice to show the property.

Open houses are vital to the sale of a property and your landlord is within his/her right, as long as he/she gives you notice. This will always be the situation when you rent vs. own.

Please note that I am not a lawyer and if you have legal questions, you should follow up with an appropriate legal professional.

Rhanda
... more
0 votes 6 answers Share Flag
Sun Jun 7, 2009
Tony Abad answered:
Hi Sobe!

Welcome. Have you hooked up with a Broker yet? They should be helping you out. Since I know nothing about you or your background, I will keep it basic.... talk to some of the more experience agents in your office and ask lots of questions while you have the time. Also, tell EVERYONE you know what you are doing and to tell a friend about your service. Let your family and friend help spread the word. Don't get down about your business if it's slow at first; it will just take time to build. Stick with it!

I hope this helps!

TA
... more
0 votes 5 answers Share Flag
Sun Jun 7, 2009
Sally Rosenman answered:
Dear Bill,

You ought to have your condo appraised first to see where it is in today's market. Then compare it to where you bought it. I do not think prices in the Marina will drop any more unless the economy takes a really bad turn and I cannot predict that. Economists seem to feel we are at or near the bottom and should start a rebound, slowly, but still our economy is expected to recover.

Libor is the slowest mover. But you should still talk with a mortgage broker about interest rates. If stagflation comes about, interest rates will rise. In fact, they have risen slightly already. If the economy does not move, then the Fed may lower them again. There are several excellent ones to pick from my website under RESOURCES-mortgage brokers & bankers.

If you really can hold for 2-3 years, I would suggest you hold on. If the economy gets better so will prices. But do not expect a huge increase in percentages. After you get your Comparative Market Analysis/Appraisal and talk to an "expert" in the banking business, then make your decision. Naturally, I and my other colleagues would be happy to give you a FREE CMA and list your property should you decide to sell.

Cheers,

Sally
... more
0 votes 10 answers Share Flag
Sat Jun 6, 2009
The Medford Team answered:
Vhambrick:

This is a hard question to answer without actually seeing the property. Sounds like you are doing the kinds of things that will provide the most return on your investment. Make sure you address the kitchen and front yard as well. There are number of things you can do in a kitchen that are fairly inexpensive, but again, without seeing it, it’s a bit hard to give concrete recommendations. ... more
0 votes 7 answers Share Flag
Mon Jun 8, 2009
Rob Regan answered:
I suggest crunching the numbers.... what are your total carrying costs (mortgage, hoa dues, property taxes) vs. what you can rent it for? If you are are break even or better, there's a strong argument for keeping it. If you are losing money, then the only reason to hang onto it is if you are certain it will be worth more in the future.

Another big factor is your loan - if you have a 30 year fixed rate loan, you'll always know your costs. However, if adjustable (now or in the future) you are at the mercy of the markets, and chances are rates will be going up since we're at near-all-time lows.

This also leads to the question of what are your long term plans? Would you ever come back and move back in? Or are you planning to sell it no matter what and just want to correctly time the market?

If you are trying to time the market, I'd suggest selling now because we know what the market is doing now, and it's impossible to predict the future. With the stock market back up, interest rates low, and lots of pent up demand, there is a market for your condo right now. We just don't know what the future will bring.

For a home valuation report please visit my site www.Evaluate-my-home.com or contact me directly and I can help you make a fully informed decision.
... more
0 votes 6 answers Share Flag
Thu Sep 10, 2009
Peter Brunton answered:
Hello Pdlords,

Well, it all depends on the characteristics of the unit and the positioning, but I can tell you this, there is another 1 bedroom in the building that is listed at 449k and has been on the market for 168 days. There are multiple other units in the building that have also been on the market for well over 100 days.

Please feel free to to contact me at peter_brunton@yahoo.com if you would like some advice about a marketing approach.
... more
0 votes 8 answers Share Flag
Tue Mar 13, 2012
Jed Lane answered:
Yes it is. THe higher price point is taking longer to sell because of a restriction on capital and access to loans in the amounts needed to buy there. Another factor we are seeiong is people are losing jobs, getting cut back and moving to other parts of the country to work.
So you have homes stating on the market longer and people moving around due to economic turmoil hence the number of homes on the market. Will it be enough to put downward pressure on prices? Depends on the need level of the sellers.
It is a very good time to be a move up buyer. Selling a home in a moderate priced neighborhood where borroweres can access the higher loan limits and using the equity to buy in the Wood is the ticket.
... more
0 votes 7 answers Share Flag
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