I enjoy helping sellers get their best price! I recently sold my client’s lovely 3 bedroom condo in Nob Hill. Here is what she had to say: “I had been following Carol Solfanelli’s career as a real estate professional for years after friends chose her to sell their place, so when it was time to sell mine, I contacted her for an appointment. Having once served as a part-time real estate professional in Massachusetts, I used my estimates to compare …
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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, …
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 …
In a hot market, there are times when you probably should not sell. Recently, I did a listing presentation for a couple who owns a lovely two bedroom TIC unit near the Alamo Square area. For those who are not familiar with the term, TIC, it is a property that is held as Tenants In Common with other individuals. It is a form of group ownership. “In a TIC, the entire property is owned by the TIC group (the tenants …
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 …
I just sold this top floor Edwardian condo at 1925 Pacific, #6, which sparkled with light and views of the bay. It is in a sought after location on a tree-lined block centrally located near some of the best restaurants and boutiques on Fillmore, Union and Polk Streets. It was listed for $1,675,000 and sold over asking after multiple offers were received. Here’s what my client had to say about the sale: “Carol was exceedingly professional, worked tirelessly and insured …
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 …