Accessory Dwelling Unit

Many parts of San Francisco including the Outer Richmond consist of single family homes zoned RH2 (Single Family, Two Units).  This may allow homeowners to build an Accessory Dwelling Unit, otherwise known as an legal in-law or second unit.  This being San Francisco always remember how difficult building anything can be as you continue reading this post, and confirm everything with the building department, Planning Department, architect, contractor, plumber, electrician, etc.  I want to make sure you don’t spend a few […]

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Understanding Value

  Finding out the value of your home is one of the most important steps when it is time to sell property in San Francisco.  Knowing what your home will sell for gives you the starting point from which many other decisions are made.  There is no better way to get a true idea of you home’s value than having an experienced realtor prepare it for you.  Fill in your name and address and I will personally send your home […]

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San Francisco Median House Price $1,115,000!

  The median sales price for single-family homes in San Francisco for the first quarter of 2015 was $1,115,000. This represents a year-over-year increase of 12.6%, or $140,000. Condos have seen a $100,000 increase in median sales price, or 10.5%, to $950,000 for the same period. Average days on market has decreased from 37 to 33 days for single family homes; and 40 down to 38 days for condos. This isn’t surprising as the pressure of low inventory continues to […]

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Mortgage Interest Rates Are So Low

Today the rates quoted by Opes Advisors are 3.750% for a high balance conforming loan which is a loan up to $625,500.  Last year the interest rate for the same loan was 4.625%!  It is pretty mind blowing that rates are still so low even with the US economy improving.  The recession ended in 2009, six years ago. If you are thinking about purchasing a home, while competition is fierce, at least you will be getting a loan at one […]

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San Francisco Real Estate 2015 Hasn’t Woken Up Yet

But it will!  Currently there is not one house for sale in Noe Valley.  Low inventory has been an issue for the past two (three) years!  By the third week of January we will see many more properties hit the market and many more buyers to compete over them.  Resolutions have been made.  For many this means becoming a home owner in San Francisco in 2015.  Interest rates have been unbelievably low for so long it is hard to imagine […]

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ALERT! San Francisco Prop G

UPDATE!  Cooler heads prevailed and San Francisco’s Proposition G was defeated at the polls November 2, 2014. In November a dark cloud called Prop G, the “Speculator Tax”, will be on the San Francisco ballot which, if passed, will increase the transfer tax on property owned for less than five years.  It will effect 2-30 unit buildings including single family homes with one or more in-law units even when they are not legal units!  This is a poorly written legislation […]

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San Francisco Price Per Square Foot Soaring!

San Francisco homes cost $200,000 more today than 2 years ago! Buyers and sellers are always in a search for a method to quickly and easily quantify value of real estate.  One method often used is price per square foot.  On the face of it price per square foot is a great way to compare one house to the next; simply divide the home’s asking price by the size of the home using the legal square footage.  Using price per […]

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Buying a Home With Gift Funds

  There are things to know when buying with gift funds! I often have clients paying the downpayment portion of a property purchase with money they receive from their parents which the lender calls Gift Funds.  There are any number of rules the lenders will use when dealing with these types of funds.  One of the main rules to think about is that the lender will require documentation clearly showing where the monies actually came from; no one wants to find themselves […]

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