Author Archives: insidesfre

What’s Happening in the San Francisco Market?

I was interviewed for a story last week that will be running in Yahoo! Homes. They’ve been noticing some crazy, million-dollar-over-asking sales in San Francisco, and were looking for some idea about why this is happening—and what’s going on with our market in general.

Here’s the upshot: It’s all about tech and foreign money.Continue Reading

Spotlight on the Mission, SPCA Fundraiser

The latest Zephyr Market Tracker rounds up the most recent sales citywide. We also check out a few properties in the Mission, where the SPCA also happens to be. In fact, there’s an upcoming fundraiser on May 29th that you may want to attend.

And did you know our parklet program is already five years old? You can find a parklet map in Market Tracker, as well as a link to the Pavements to Parks site in case you want to apply for a parklet in your neighborhood.

It’s all here in the Zephyr Market Tracker!

The Story Behind Unwarranted Spaces

An “unwarranted” space is one that hasn’t been done with city permits. If you’re doing a major renovation—say, adding a unit or bedroom and bath—you’ll typically apply for a permit from the city. Besides serving as a revenue stream for the city, a permit warrants that the appropriate city inspectors have reviewed and approved electrical wiring, plumbing, etc., and that everything is up to code. Continue Reading

Budget for HOA Dues During Loan Preapproval

Budget for HOA Dues During Loan Preapproval

You’re thinking about buying a condo in San Francisco, and the first thing on your checklist is loan preapproval. Along with mortgage payments and property taxes, your lender tells you that you need a rough idea of how much your homeowners association dues (HOA) will be. But you don’t know what you’ll be buying, so how are you supposed to know how much the dues will be?Continue Reading

What You Can Buy: Condos With Private Gardens

What You Can Buy: Condos With Private Gardens

It’s not common in San Francisco to find condos with large, exclusive-use gardens or yards. Most of the time, you’ll get a small deck overlooking a yard, or no space at all. But I’ve rounded up three great properties that have spacious gardens where you can relax, entertain and grow things. Close escrow quickly and you can still get those tomato starts going.Continue Reading

21 Days and Counting: Luxury Homes Wait for Buyers

Buyers in the $2M+ range should be checking out properties that have been sitting on the market for three weeks or more. That’s because there will likely be less competition, and you might also end up with a pretty good deal.

There are currently 47 houses and 30 condos on the market in this price range. Here are three of my favorite properties in the pack:Continue Reading

What You Need To Know About TIC Ownership

Many buyers are considering tenancy-in-common (TIC) units these days, given the cost of real estate in San Francisco. TICs are typically priced lower than condos, and you can generally get into a neighborhood that you might not be able to afford were the property a condo.

But before you run out to see that two-bedroom condo in Cole Valley listed for only $699,000 that you saw on Redfin, you need to know the TIC basics. Continue Reading

The Highs and Lows of SF Real Estate: April 2015 Edition

Our real estate market is moving at a brisk pace, so I thought it would be a good time to reflect on the least and most expensive houses and condos sold so far this month.

Single-Family Homes
Least Expensive House:
80 Seneca
Mission Terrace
80seneca_missionterrace
Listed for $499,000 and sold nine days later in a cash transaction for $555,000, 80 Seneca was the rare house for well under $1M in San Francisco. The 750-square foot property needs a “full rehab” and only has one bedroom. But with the average house price in the neighborhood holding steady at just over $1M, these buyers can do their renovation and most likely end up with a property that holds its value.Continue Reading

What You Risk When You Waive Contingencies

Inventory hasn’t kept up with buyer demand for a while now in San Francisco. That’s led to very competitive offer situations and high sale prices. Most multiple-offer situations end up with a handful of buyers waiving all contingencies (e.g., conditions of the sale) in order to make their offer as attractive as possible to the seller.

But do all buyers realize what’s at stake when they waive all contingencies? Sometimes I’m not so sure.Continue Reading

Another 5-Star Yelp Review from a Happy Seller!

It’s always gratifying to have happy clients at the end of a transaction. My latest unsolicited Yelp review comes from my client who recently sold her Eureka Valley condo (click on review to enlarge):

yelpreview_michelle

Please get in touch if you’re getting ready to sell your San Francisco property. I am ready to guide you through all phases of the process, from managing prep work to negotiating the best possible deal for you. I’m at 415.823.4656 / ebermingham@zephyrsf.com

Sales Volume Down, Prices Up in Q1 2015

The big news for the first quarter of 2015 is that sales volume dropped like a rock compared to Q4 2014.

But prices edged up even higher.

Bottom line: There were 41% fewer single-family home and 28% fewer condo sales in the first quarter of this year. Of course, the first quarter of any year is typically slower due to buyers and sellers recovering from the holidays. But given the frothy nature of the market right now, I would have expected a touch more volume.

Here’s a snapshot of how things went down in the two most popular segments of the real estate market:Continue Reading

Get in touch:

Eileen Bermingham

Zephyr Real Estate

415.823.4656

ebermingham@zephyrsf.com

BRE# 01352627

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