I was reviewing sales in Noe Valley today and came across the final selling price for 752 Elizabeth. This was a 3BR/2BA, 1440 square foot house with a two-car garage and cute garden that was listed for $1.5M. The seller received 17 offers, and the home sold for $2,150,000 in an all-cash transaction. (About half the offers were for cash, by the way.)
This kind of market activity tends to scare buyers off—and with good reason. The reality? Unless you have cash or a hefty down payment and can go into contract with no contingencies and a fast close, you can’t compete in high-demand neighborhoods like Noe Valley. A successful house hunt, as a result, will largely depend on how flexible you can be with respect to location and amenities. … Continue Reading
The San Francisco Apartment Association (SFAA) recently released a brand new residential tenancy agreement that’s specific to rent laws in the city.
If you own a rental property and are planning to draw up a new lease, I highly recommend considering using the most updated rental agreement available.
One important update concerns roommates and master tenants—most specifically, that rent is to be paid by one tenant only. And if there is a change in roommates, the remaining tenant is solely responsible for the apartment.
There are also updates related to short-term rentals, pets, smoking, balconies/patios, maintenance and floor coverings.
Check out more details at the SFAA’s Web site!