Monthly Archives: November 2013

Just Sold: Noe Valley Victorian Condo

Just Sold: Noe Valley Victorian Condo

My clients just purchased this quintessential, top-floor Noe Valley 2BR condo in a prime neighborhood location. Featuring wonderful period detail throughout, a formal dining room and that private deck with panoramic, south-facing views, 21 Clipper also has parking and a lovely garden. We managed to get past five other buyers who submitted offers, and my clients are thrilled with their new home. And a shout out to the fabulous Patrick Skovran at Wells Fargo for efficiently getting our loan through at the holidays, as well as Charles Richards’ team at Chicago Title. List price: $899,000.

[Please note that we’re taking a Thanksgiving break at Inside San Francisco Real Estate. Have a restful and fun Thanksgiving, and check back in on Monday for more market insights & shenanigans.]

Source Your Funds & Avoid Closing Delays

One of the easiest ways to derail or delay a home purchase is to start pulling in money from undisclosed sources during the escrow process. It is critical these days to document all the sources for your funds with your lender.

Buyers in San Francisco often make home purchases with funds that may be coming from different sources. For example, there may be money coming from a 401K, or a family member who’s helping with the deposit. This is all fine, but the most important thing to recognize is that you need to disclose all fund sources to your lender.Continue Reading

Diverse Inventory Abounds in San Francisco

San Francisco has some of the most varied housing stock available in the world, from Victorians and urban lofts to Spanish-Mediterranean houses and high-rise condos. In this edition of the Zephyr MarketTracker, we look at some of the currently available offerings.

Interested in kicking off your holiday season a little early? The Treasure Island Holiday Show happens tomorrow and Sunday, and features snow-making activities, shopping, music and food.

We also look at the most recent sales citywide, as well as price averages and other data. It’s all here in the Zephyr MarketTracker!

True To Seasonal Form, Luxury Market Lags

True To Seasonal Form, Luxury Market Lags

The market for single-family homes and condos in the $2M+ range is already showing signs of annual holiday lag, and it’s not even Thanksgiving yet. A total of 53 houses and 32 condos awaits buyers in this segment of the market.

The houses have been on the market for 74 days or longer, and the condos for 92 days. There may be a few buyers out there who will swoop in between now and the end of 2013 with successful offers, but my bet is that a majority of luxury homes currently available will be greeting the new year in the MLS.Continue Reading

I’m a Realtor Seeking Buyer and Seller Clients

Though I spend a lot of time sharing San Francisco market insights on this blog, I am a full-time real estate agent. That may not be obvious sometimes, but what it means is that I earn a living helping people buy and sell residential real estate.

I know many of you are considering making a move in 2014, or you may know friends, family or neighbors who are. That’s where I’d like to come in. If you’ve been reading my blog on a regular basis, you know that I’m a straightforward, knowledgeable professional who’s been a Realtor since 2002. I’ve navigated clients through slow markets, crazy markets and everything in between. I have a strong work ethic, am obsessed with providing excellent service and am always available to talk, email or text when my clients have questions or concerns.

This year is winding down, and I am looking to kick off 2014 by making myself useful to buyers and sellers. Most importantly, I typically consult with people well before they’re actually ready to take action. So don’t hesitate to get in touch. The holidays add an extra dimension to everyone’s busy lives, but this time is also a good month for real estate strategizing.

You can view my most recent sales here, and my Yelp reviews here. My Yelp page also features a video about my business, so check that out if you’d like to put a voice and face to this blogger.

I look forward to hearing from you soon!

Close With Cash Now, Take Out a Loan Later

About a quarter of sales happening in San Francisco are all cash, and I’ve represented my share of cash buyers this year. But it may be a sound financial strategy to take out a mortgage on the property after you close escrow, as my colleagues at Guarantee Mortgage recently pointed out. The process is called “delayed purchase financing.”Continue Reading

SF Overbidders Club: 2-Unit Building Edition

San Francisco’s two-unit building market has been quite busy in 2013. No surprises there, such properties—particularly when they’re completely vacant—are excellent options for buyer partners or those who want to owner occupy one unit and rent out the other.

A total of 303 two-unit buildings have sold citywide, year-to-date. And 29% of them were sold in all-cash transactions. Of the 112 such buildings sold from July-November 12, 2013, 66% were sold for more than the list price, which mirrors the selling pattern for single-family homes and condos in San Francisco.Continue Reading

What You Can Buy in November: 21 Days & Counting

We’re approaching the holidays and I’m starting to see the “days on market” count tick upward for quite a few homes out there right now. This regular feature takes a look at three properties that are way cool but which have been sitting on the market for 21 days or more. What that means for buyers is…no offer date, and less competition. So consider these homes if you’re ready to buy:Continue Reading

The Pros & Cons of Preemptive Offers

Your agent has just gotten you in to a great two-bedroom condo in Noe Valley before the first open house. You love the property and are ready to make an offer. The listing agent and sellers have set an offer date two weeks from the initial open house. Should you seize the day and submit an offer sooner?

Such a “preemptive offer” is often attempted by a buyer who doesn’t want to compete and would just rather cut to the chase. Though there are benefits to a preemptive offer, there are definitely a few drawbacks. Before you rush out to write that offer, consider these factors:Continue Reading

Hot New Marina Listings, Hot Sales, Fun SF Sights

The latest Zephyr MarketTracker rounds up the most recent sales, which is always fun. But this edition spotlights a trio of new Marina listings, along with a quick market update. (Prices are still going up—surprise!)

And if you’ve got family or friends visiting this weekend, check out our list of lesser-known tourist attractions (golden fire hydrant at 20th & Church, anyone?) that will steer you away from yet another visit to Fisherman’s Wharf.

It’s all here in this edition of the Zephyr MarketTracker!

Where to Spend Your $3.6M: Clay or Capp?

Let’s say you have roughly $3.6M to spend on a single-family house. Would you spend it on a home in Pacific Heights—or the Mission?

You can’t find two more different neighborhoods, quite honestly. Pacific Heights is synonymous with mansions, Bay views, well-manicured streets, and its popular Fillmore retail strip. At the other end of the spectrum is the Mission, with its edgy feel, hip restaurants and penchant for street activity.Continue Reading

Get in touch:

Eileen Bermingham

Zephyr Real Estate

415.823.4656

ebermingham@zephyrsf.com

BRE# 01352627

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