There are some terrific homes out there that I have seen which have not come on the public market yet. This past week I saw a home that stood out in the Inner Mission which is worth seeing. It’s a 1905 San Francisco classic with three levels consisting of five bedrooms and six baths in 4635 square feet of space. It last sold exactly two years ago today on Halloween. It sold for $3,525,000 and is currently listed for $4,400,000. …
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I was about to write a post today regarding the SF market but decided to write something different. I don’t know about you but all of this news about the Syrian refugees is very sad and hard to get out of my mind. It’s especially hard to see photos of frightened children walking along or being carried by their parents. I am in the home business and these people are being brutally chased from their homes. If they don’t leave, …
Some sellers prefer for a variety of reasons to sell their property outside of the public Multiple Listing Service, which lists properties for sale. I keep my eyes and ears open for “off market” opportunities for my buyers through my network, opportunities that are not made available to the general public. I just represented buyers who bought “off market” a panoramic view two bedroom, two bath co-op in the Russian Hill luxury building known as the Royal Towers. The photo …
In the last two weeks, a substantial number of properties have come on the market. The Broker’s Tour outlines the properties agents can view on a given Tuesday in San Francisco. It literally doubled in its number of pages from about 14, which it has hovered around this past year, to 28 pages the second week of September! My buyers who were frustrated by not finding any properties they liked suddenly jumped off the sidelines and started writing offers. One …
In early August, I wrote about what a great investment SF real estate is, which is no secret. I gave as examples three properties clients of mine were interested in and the profit I thought the sellers might receive based on my evaluation of what they might sell for. Now, all of their sales have just closed and I can give you the actual numbers which are even more astounding than my initial forecast. A Duboce Triangle 3 bedroom condo …
Here are a few things to pay attention to when looking at buying a place with parking: size of the space, tandem parking, and which spot comes with the unit. Have you ever seen what some people own as parking spaces in San Francisco – narrow garage spaces that barely fit a smart car? When buying a property, it is important, if a parking space is included, that you check out exactly what you are getting and that you test …
I recently saw three properties on Broker’s Tour in three different areas of the city – Duboce Triangle, Hayes Valley, and Russian Hill. All have offer dates this week. The interesting thing about these three properties was how much they have each appreciated, two of them in a relatively short period of time (less than 6 years) and one of them in 9 years. The Duboce Triangle 3 bedroom condo was purchased by the sellers in 2011 for $969,000. The …
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 …
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 …