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Home Buying in South Beach : Real Estate Advice

  • All61
  • Local Info3
  • Home Buying29
  • Home Selling0
  • Market Conditions3

Activity 16
Fri Dec 2, 2016
Russ Ravary answered:
Usually Craigslist. If you know which agents are doing that call them directly
0 votes 26 answers Share Flag
Thu Mar 14, 2013
Kevin Ho answered:
Most neighborhoods have a dog park or dog run. In fact, San Francisco you may think dogs are more common than kids. In your area while it's a little more urban jungle like there are small patches of grass or gravel for dogs to be outside to relieve themselves. (At Rincon Hill it's the small patch by the town homes for example, at the Infinity there's grass along Main). As for parks, there is South Park itself which is a bit of a green park space in the middle of the urban area it sits within that looks like a little bit of London right here in SF. Over in the South Beach/China Basin area past the 4th Street bridge you have Mission Creek and the small park around it. It's urban sure, but there are green patches. ... more
0 votes 5 answers Share Flag
Thu Mar 14, 2013
Marc Guzman, Real Estate Marketer answered:
I recommend the East Bay Area in Contra Costa County. I wrote a blog article about 19% return on investment on a house I just recently sold. Let me know if you have any questions.

Marc ... more
0 votes 7 answers Share Flag
Sun Dec 9, 2012
Oggi Kashi answered:
South Beach has much to offer. How familiar are you with the buildings there? Have you toured many units? Have you lived in SF before? If so, when and for how long?

If you are considering renting and then buying, I suggest taking an extensive tour of several properties over at least 2 or 3 weekends with your realtor. That will be the best way to make an informed decision.

Active listings for South Beach:
http://www.mlsfinder.com/ca_sfar/oggikashi/index.cfm?action=newsearch&searchtype=map&rewire=yes&map_start_lat=37.78554&map_start_lng=-122.392428&map_start_scale=12

South Beach Market:
http://www.altosresearch.com/paragon/latest/paragon_market_update_zip_based_cmid_55_zipd_94105.html

Oggi Kashi
Paragon Real Estate Group
CA DRE 01844627
... more
0 votes 6 answers Share Flag
Sun Aug 21, 2011
Shaban Shakoori answered:
It's a combination of:

-location right next to the bridge
-large building requiring management, maintenance and reserves
-large building feel
-units are not as spacious as some others
-building is older than some others nearby

Shaban Shakoori
TRI Coldwell Banker, SF's #1 Office
... more
0 votes 3 answers Share Flag
Sun Aug 21, 2011
Jed Lane answered:
This is another example of garbage in garbage out. The data is so obviously wrong but not caught. Here you have a range of prices from $1,000 to $700,000. What does that do to the ";Zestimate" Zillow gives.

Realtors know that public records are flawed. The clerks that do the data entry make mistakes. The mistake will be caught and corrected but in the meantime every one that looks to Zillow for values will be misled.

If you want to know the values of property iin the area work with a Realtor. Most of are nice people and would be happy to help out a Citygirl.
... more
0 votes 3 answers Share Flag
Tue Sep 1, 2009
Jason Chapin answered:
170 King is a relatively new development that sold out this past year. It went for more than $600/square foot. I can see why the information caught your eye, but there's no way these numbers are accurate. I'd be curious to learn where you got the data.

Good luck to you!

Jason Chapin
415-420-1143
jchapin@mcguire.com
... more
0 votes 6 answers Share Flag
Sat Apr 19, 2008
Pacita Dimacali answered:
The unforeseen circumstances you mentioned may not be the reasons why you may want to re-think putting down 20% on a condo. Most buyers consider putting down 20% because they don't want to pay the mortgage insurance which is typically 1/2-1% of the loan.

As times and the markets change, the opinions on this subject also change depending on the financial adviser. In Sunday's San Francisco Chronicle (April 13 2008) issue, advice by columnist Benny Kass, he says "It does not make sense to own your house free and clear unbless youhave enough money stashed away and are comfortable that you will be able to financially cope with emergencies that mahy arise in the future...."

The questions you should ask yourself is how long are you planning to stay in the property. If you're planning to stay longer than 5-7 years, then you obviously would be building quite a bit of equity with a 20% down payment. But if the possibility exists that you may move in less than 2 years, are you willing to put a significant portion your cash reserves in an asset that you cannot liquidate quickly?

As you shop for a condo, ask to see the HOA (homeowners association) documents including the CCRs (Conditions, Covenants and Restrictions), their financial budget and reserves. This will show you if the HOA has a substantial reserve account and what kind of insurance do they have (earthquake included). This may help allay your concerns about risk.
... more
0 votes 7 answers Share Flag
Thu May 28, 2009
Scott Pierce answered:
You can ask for anything you want, but it should be reasonable and approached appropriately.

That is a perfect question to ask your Realtor, who hopefully has experience in negotiating good deals for their clients! This is but one reason why Realtors are worth their money. ... more
0 votes 8 answers Share Flag
Thu Jul 11, 2013
Marilyn Gibson answered:
Often a lowball offer will anger a seller to the point that they do not want to sell to you. If your agent feels that the property is priced appropriately, he/she may be trying to avoid alienating the seller. Go over all of the numbers with your agent of comparable sold properties, as well as current competing properties. Even in this slow market, I am seeing multiple offers on some of the aggressively priced listings. This scenario causes "bidding wars" which ultimately drive the price up. Trust your agent. ... more
0 votes 15 answers Share Flag
Thu May 28, 2009
Scott Rose & Tanja Beck answered:
If you think about it you can answer the question your self. An agent double ending a deal, meaning he represents the seller/ developer and the buyer/ you, will be a big incentive for the agent to offer you some rewards. This may work out very well for you. On the other hand you want to make sure that you get the very best advice. Would it be great to have an aggressive agent who will get the same if not more incentives for you plus guides you through the Real Estate Jungle? It is the seller that offers the incentives and has to agree to them not the selling agent. So an independent agent will most likely fight for you more than the in house agent.

Soon as you register alone you need to use the in house agent. What kind of choice do you have? I hope you find the right solution. Good luck to you.

Tanja Beck, Broker Associate
Top Producer
Zephyr Real Estate
4040 24th Street
San Francisco, CA 94114
www.MyTeamSF.com
cell: 415.377.8756
fax: 415.277.3782

PERSONAL APPROACH...PROFESSIONAL RESULTS
... more
0 votes 8 answers Share Flag
Thu May 28, 2009
Gregory Hayes Garver answered:
Gabe, you should send this guy an email: pistolpete85@hotmail.com He is an expert in that area.
0 votes 6 answers Share Flag
Mon Jan 21, 2008
Gregory Hayes Garver answered:
Thanks to Roberta,

Though loan limits vary from state to state, the basic guidelines for Acorn Loan program qualification remain much the same. In California, for example, maximum qualifying income is $92,000 and mortgage loan cannot exceed $500,000. To see what your state guidelines are, check with either Chase Mortgage or Bank of America Mortgage directly. It is my understanding they are the only two mortgage lenders funding these loans--and that they cannot be brokered.





The California qualifiers:

Applicant’s adjusted gross income less than $92,000 per year
Home loan must be less than $500,000
Applicant can only own one parcel of real estate.
An excellent tool for refinancing (out of riskier mortgages, perhaps?)
The California home can be purchased for more than $500,000, but the mortgage loan amount cannot exceed that amount.
Potential borrower(s) must attend a one day home ownership class, where a certificate of eligibility will be issued after having met with an Acorn counselor.
The benefits?

Below-market rate with no points.
No PMI (private mortgage insurance)
Very liberal debt-to-income ratios.
Very low down payment required (0-5%)
Underwriting will credit some “cash” income and alternative sources of credit.
Credit and FICO scores are not as important with the ACORN Loan as they might be with other financing.
No pre-payment penalties.
No loan points
100% financing available.
One program offers 10-year interest-only loan that automatically converts at same rate to fully amortized 30 year loan.
... more
0 votes 2 answers Share Flag
Wed Jan 16, 2008
K Feat answered:
Hi Ernie,

The Infinity has been marketed as a luxury condominium development. In fact one of the attractions of this development, as you may know is the plan to have an upscale restaurant in the building. Check out this article about upscale developments courting famous chefs to open restaurants in their buildings.

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/12/19/MNQCTT19C.DTL&hw=luxury+units&sn=003&sc=600

That all being said, I think the key to feeling good about the final price you might pay for a unit at the Infinity is understanding what the other comparable units have sold for in the past few months. Obviously, the construction continues so to some extent the pricing is based on how well the sales have been going for the building. The last report that I read was that the first building was 82% sold.

The amentities also give you a sense of what type of building the developers plan for it to be:

The amenities at the Infinity include a state-of-the-art 5,000-square-foot health club; 75-foot lap pool; private treatment room and sauna; spacious club lounge; business center; a distinctive private screening room, 3,500 square feet of additional retail, an on-site concierge, a 24-hour attended lobby, deeded and gated parking.

I hope that helps. I have some clients who already have purchased a unit and are quite impressed with what they've seen to date. They have a tour of their unit set for sometime in March.

-- Kevin
... more
0 votes 2 answers Share Flag
Tue Sep 29, 2009
Scott Pierce answered:
This is the kind of information I give to clients that I work with. If you are interested in working with a Realtor, feel free to contact us. I will say that I like The Potrero a lot (close to MB). You can see more about it at http://thepotrero.sfcondomap.com. ... more
0 votes 10 answers Share Flag
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