Sometimes a property sells substantially below the asking price even though the market is hot as demonstrated by a recent sale in Twin Peaks. The property had sold for $2,000,000 in May of 2014. (Having seen this condo recently, it became clear to me that the seller paid way too much in what must have been a bidding war in 2014.) It was brought back on the market less than a year later in February of this year for $1,999,000, …
Carol Solfanelli | Compass | DRE License # 01347033 |
415-297-7031 | carol.solfanelli@compass.com
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Top 1.5% of 1.6 Million Agents Nationwide
2022 Real Trends America’s Best Real Estate Professional
Top 1.5% of 1.6 Million Agents Nationwide
Category: Buying
You may think that everything is going crazily over the asking price in San Francisco. But, if you take a look around, there are some nice properties that are not selling quickly and are sitting on the market longer. Today in SF, if a property doesn’t go into contract within 2 weeks or sooner, the listing agent and seller get nervous. Looking at properties that are on the market for more than a month may provide some opportunities. On my …
In San Francisco these days, it is hard to prevail in a multiple offer situation unless a buyer writes a “non-contingent” offer – no financing, appraisal or inspection contingencies. And many people seem to think that if an offer is written like that, the buyer can’t get out of it if he gets cold feet and changes his mind. However, there are two ways a buyer may get out of a contract that is considered “non-contingent.” The first way is …
I just reduced the price of my Nob Hill listing – an architectural gem of a condo at the St. Elizabeth. (901Powell8.com) It has 3 bedrooms and 2 baths and according to tax records, it is 1562 square feet. It was originally listed for $1,395,000 and received an offer almost immediately – under asking which my client did not accept or counter. The price now is $1,299,000. At $831.63 per square foot, it’s a real bargain in Nob Hill where …
The market is still very hot! My listing above at 356-358 Douglass, which is a three unit property that includes a cottage at 24 Seward, went into contract last Friday after multiple offers. It’s a well maintained and beautifully updated Eureka Valley residential property. I had hundreds of people through each weekend open house – I’m still getting calls from the unlucky buyers who missed it. If you are a buyer these days, you need to be prepared to move …
Congratulations to my clients, Sarah and Kevin, who just closed this week on this sweet home in Lone Mountain and are moving in today! It’s a challenging market for buyers so I am always happy to see my clients prevail on an offer. Speaking of prevailing, congratulations to my other clients, Anne and Kevin, who just got into contract on Wednesday on an Edwardian condo in Lower Pacific Heights! They are thrilled and I’m thrilled for them. It’s been a …
When shopping for a property, many people focus on buying a condo or a single family residence. While both of these options are fine, an option many people in my experience don’t consider is buying a two-unit building. While they may feel that they will not qualify for a high enough mortgage, the bank will take into consideration the rental income of the unit that will be tenant-occupied when deciding the loan amount. And although most two-unit buildings in San …
Asbestos is a scary word for many people. I was recently in a transaction where I had disclosed that there was a pipe outside of a window that might be insulated with asbestos and the insulation was unraveling. The buyer in contract had some concerns, naturally, about the asbestos. I recommended that she have a certified asbestos removal contractor remove the insulation if it was asbestos.The buyer’s agent indicated that although his client could use the company I had suggested, …
I am bringing a beautiful condo on the market that I’m very excited about! It’s one of those properties that has almost everything that people want. It’s a top floor Edwardian with three bedrooms and two full baths. It has views of the bay in the distance from the living, dining and master bedroom. It has lots of light and a gracious feel. The nicely designed layout separates the private bedroom area from the living area. The quiet elegance of …
I recently represented separate sellers of two different modern condos, one built in 2004 and the other in 2007. They each bought their condos within several years of each other in strong markets. They both just sold their units. One was a two bedroom condo in the Mission whose photograph appears above and one was a one bedroom view condo with lots of amenities in Mission Bay. With the run-up in the real estate market, one would expect that each …