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Potrero Hill : Real Estate Advice

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

Activity 33
Mon Apr 14, 2014
Sandra Lehtonen answered:
Hi Alison,

Thank you for writing in. This is a great question. There are a few options available to the homeowner who is facing foreclosure. They are as follows:

For a temporary fix:
1. File Bankruptcy;

For a more permanent fix:
1. Contact your current lien holder to request a loan modification;
2. Contact your current lien holder to ask about a Deed in Lieu of Foreclosure;
3. Foreclosure.

I hope you find this information helpful.

Thank you,

Sandy
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0 votes 10 answers Share Flag
Thu Jan 31, 2013
Ron Thomas answered:
Never heard of an ESCAPE TAX, perhaps you should go down to the Assessor's Office and ask them to go over it with you.
0 votes 2 answers Share Flag
Thu Feb 14, 2013
Cindy Davis answered:
An inspector who is thorough. I also use someone who as thermal imaging tools...the capacity to detect wet walls or problem wires has saved my butt a couple of times.
0 votes 11 answers Share Flag
Thu Feb 14, 2013
Dan Healy answered:
This is a great question.
I always encourage my buyer clients to treat the inspection process like a walking "owner's manual" for their new purchase. I think it's important to ask the inspector if there are any serious flaws that are likely to be expensive to correct. I also like to get the inspector's opinion on what items need immediate attention, what can be deferred, and what to look out for over time. ... more
0 votes 6 answers Share Flag
Fri Nov 23, 2012
John Souerbry answered:
Yes! I recently worked on a sale that involved a property that had faulty tax information in the system from the 1980's. We tried to work with the assessor's office, which will usually institute a fix if they find an error (option 1). But we got bogged down in bureaucracy that would have taken a year to wade through - and would have killed our sale. We scheduled a quick hearing with a judge ("quick" means within 2 weeks). He studied the error, determined it was indeed an error, and issued an order to the assessor's office requiring them to fix it immediately (option 2).
The court hearing is obviously more expensive than just asking the assessor's office to make a fix, but it's an option.
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0 votes 2 answers Share Flag
Thu Mar 20, 2014
Laura Feghali answered:
Hi jspy777,
Either an agent or a Broker but select the one to work with that has a lot of experience with the foreclosure process as it is different from a normal sale.

I suggest that you interview a few agent/Brokers to determine their market experience and then choose the one who knows the foreclosure market well, is readily available during your time frames, and who you feel most comfortable with.

Good luck to you!

Laura Feghali
Prudential Connecticut Realty
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0 votes 12 answers Share Flag
Wed Jul 18, 2012
Toby Jackson answered:
It really depends on they're looking for, I imagine. Bloom's is a nice neighborhood spot on 18th Street and then you've got The Connecticut Yankee a little further down the hill.

Bottom of the Hill and Thee Parkside also offer a great mix of live music as well.

Cheers,

Toby

Toby Jackson
Better Homes & Gardens/Mason-McDuffie Real Estate
2200 Union Street
San Francisco, CA 94123
Mobile: 415-627-8200
Office: 415-921-0113
www.bhghome.com/JacksonHomes
DRE#01798961
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0 votes 4 answers Share Flag
Tue Jul 17, 2012
Mark Thomas answered:
It really depends on the time of day that you leave in both the morning and evening. From 6:00am-9:00am, it's probably about a 40 minute commute. If you're allowed to start work at 9:30 or 10:00, you'll be able to shave 10-15 minutes off that commute. Evenings are worse, and between 4:30pm-7:30pm, it's probably going to be 45-60 minutes in the evening. Before 4:30 or after 7:30, it will probably be about 15 minutes less. And if you don't have parking in the Presidio, you'll need to potentially factor in looking for parking as well.

Hope this helps.

Mark Thomas
Co-Founder & CEO
ReasLo
"Automation of the entire real estate process"
http://reaslo.com/
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Mon Jun 11, 2012
Mary DeVries answered:
2 unit buildings bypass the condo conversion lottery if owner occupied for a year. This also applies to your situation as a tenant purchasing. Call me and we can talk about value and conversion process. This could be a very good opportunity under the right terms.
Mary DeVries
Realtor and architect
Hill & Co
415.307.6122
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Mon Feb 13, 2012
Olga answered:
Hello Kenny, feel free to give me a call at 415 518 6933, I am a property manager and have a couple of experienced licensed general contractors that I work with.
0 votes 5 answers Share Flag
Tue Jan 31, 2012
answered:
First, legal help will have to come through a real estate attorny and/or a title company. The latter can provide you an explanation of the various way to vest a real estate property. I recommend talking to your respective tax consultants also. How you are going to take title and how you want to divide ownership is something that a borrower has to provide to me (as a mortgage professional), not the other way around. Now, I can tell you what will work and what doesn't, but I cannot give you legal advice.

For example, if you are going to be part of the finanaing on the property, you are going to have to be on title prior to closing of the new loan. A quit claim will accomplish that. Then financing proceeds pretty much as normal.

What is the current and extimated future value of the property (and/or expected loan amount)? A FHA 203K renovation loan could very well be the perfect loan product for this situation (and, certainly less expensive than a construction loan). However, FHA has loan limits that may not cover your project (around 729K in the Bay Area). If your projected loan amount is within FHA paramenters I can provide volumes of information about the 203K (either via blog posts or phone call). The program is not that complicated, but there are too many variables to cover in a advice forum. Just let me know if you want further info on the program.
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Wed Nov 30, 2011
Katie Daire answered:
I lived above the Whole Foods in Potrero Hill for almost 2 years. Which brings me to benefit #1 right away - the Whole Foods. Hot bar was so great on nights we didn't want to cook. And if we wanted to go out, Live Sushi was across the street or we could take an easy (though uphill) walk to 18th Street restaurants.

Overall, our area was a pretty safe, quiet family community. Quiet at night, a tennis court and busy playground at Jackson Playground park, and easy street parking. We loved living there. However, I'm not sure I would have walked too far out of my immediate hood alone late at night.
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Wed Nov 30, 2011
Kevin Luna answered:
Even the shortest walk seems to take forever. Potrero Hill is a quiet, mellow neighborhood. Keep your car clean of any visible valuables. The bums are there but most likely they will keep to themselves. Muggings happen sometimes but not too frequently. ... more
0 votes 2 answers Share Flag
Thu Apr 18, 2013
Kenny Kim answered:
Home prices in Potrero Hill will most likely continue to improve -- especially in the North Slope area. With the UCSF Mission Bay campus continuing to expand and the growth in SOMA, I can only imagine more folks wanting to move to the neighborhood. I have been actively visiting open houses in the area and from what I've gathered inventory is scarce. Well-maintained/updated properties tend to receive offers quite quickly (within the first week). ... more
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Mon Dec 5, 2011
Jacky answered:
There is a considerable amount of crime committed in this neighborhood, especially on the Southeast side of Potrero Hill. If you do decide to live in the neighborhood, you are well advised to get a dog, have an alarm placed in your home and be careful at night. If you have a car and no garage, expect your car to be stolen or broken in to. That's the harsh reality of living in this neighborhood. SFSD has a heavy presence (undercover, squad cars, etc.) Last week, a member of a ring that has been responsible for home invasions, robberies, burglaries, etc. was arrested. Otherwise, it's a great neighborhood, it's dog-friendly, has good weather and a wonderful combination of friendly families, professionals, etc. ... more
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Tue Oct 25, 2011
Trulia asked:
0 votes 0 Answers Share Flag
Mon Sep 10, 2012
Don Tepper answered:
That largely depends on the single female. (Though--and I don't mean to be insensitive--if you're walking alone in Potrero Hill late at night, is it going to make any difference whatsoever if you're single, engaged, married, or in a commited relationship?)

A suggestion: Go up in the area for a couple of nights . . . in a car. Stay in your car. Take a look around. Get a sense of what's going on. Are there other unaccompanied women walking around? Are there other folks who would either increase or decrease your comfort level? Is the area patrolled by police? Your level of comfort or discomfort is uniquely yours. What your reaction to what you see might be quite different from someone else's.

Hope that helps.
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0 votes 11 answers Share Flag
Fri Jul 15, 2011
Jed Lane answered:
I think it's five but you should go to the source, the assessors office. The info is easily accessed from sfgov.org.
0 votes 3 answers Share Flag
Fri Sep 17, 2010
Joel Kahn answered:
You need to answer your "own" questions first such as: what is my price range, what style of home(s) do I like, where do I want to live, what amenities are must-haves and what amenities would be nice, what do I not like in a home (to avoid those), how long do I think I'll live in the home, how big/small of a home is right for me? Once you compile those answers, you can than go to a real estate expert and say "here's my list of what I'm looking for, now please help me with the other items". You're the customer/client so you're the one who gets to dictate what you want. Now, if you have unrealistic expectations, that's where a good agent will be able to guide you and help you. ... more
0 votes 11 answers Share Flag
Mon Aug 17, 2009
Sue Florence answered:
Can you be a little more specific? Are you asking about property taxes associated with owning a home? Maybe you could restate your question and I would be happy to answer if I can.


Sue Florence
(415) 812-9508
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