5 Reasons Why Your Condo May Not Be Selling—And What You Can Do About It

There are currently more than 620 condos for sale in San Francisco. And more than half of them have been on the market for 21 days or more—that’s a lot of sellers who are probably wondering why their properties aren’t selling if the San Francisco condo market has made a comeback over the past two months.

There are a lot of reasons some condos take longer to sell. But here are a few of the most frequent sale barriers, along with some ideas for overcoming them: Continue Reading

Just Listed: Miraloma Park Urban Retreat

Looking for a stylish, comfortable single-family home in San Francisco? My new listing at 250 Los Palmos Drive is a good possibility for you.

This turnkey residence has all three bedrooms on the main level, along with open living/dining/kitchen space and full bath with skylight. Off the rear primary bedroom is a walkout deck that overlooks the naturally landscaped hillside garden.

Downstairs is a beautifully finished family room with built-in projector for streaming movie nights, as well as a wet bar with Sub-Zero beverage refrigerator and bespoke cabinetry. There’s a full bath with black and white tile work, shower and towel warmer. Enclosed in custom cabinetry, the LG side-by-side washer/dryer is also located in this generous lower space.

The yard has a hot tub with lighting scheme and is a nice place to unwind. Finished garage with one-car parking, workout area and plenty of storage round out this beautiful home.

Miraloma is a popular neighborhood with home buyers these days, as it offers easy access to a variety of schools, hiking trails, Mollie Stone’s, freeways, and more.

List price is $1,295,000. Visit our Web site for photo gallery, 3D walkthrough tour, video with drone footage and floor plan at 250lospalmos.com!

Let The Stars Guide Your House Hunt

Things are looking up these days, and many home buyers who postponed purchase plans in the wake of Covid are back on track.

You may know how many bedrooms and bathrooms you’d prefer, but are you solid when it comes to neighborhood preferences? There’s a lot to consider—proximity to public transportation, good Walk Scores, easy freeway access, good parks.

But make sure you don’t overlook the astrological angle when putting together your list of preferred neighborhoods. What your zodiac sign says about you could have everything to do with whether you’ll be happy in your future home. And as my company, Corcoran Global Living, always says: “Live who you are.”

So let’s have a little fun and see what the stars have to say about where you should settle:

ARIES (Mar 21-Apr 20): Daring, spontaneous and full of energy, you’ll appreciate constantly developing Mission Bay. The neighborhood bustles with activity from the biotech and medical industries. And the adjacent waterfront offers a variety of activities. Giants/Warriors games and Chase Center concerts will be back in the north-so-distant future, and there are lots of restaurants in the area. Continue Reading

Just Listed: Noe Valley Victorian Top-Floor Condo with Incredible Gardens

Just Listed: Noe Valley Victorian Top-Floor Condo with Incredible Gardens

Looking for a top-floor condo in a charming Victorian building situated on an enormous lot with a wrap-around garden? My new Noe Valley listing at 241 Duncan has all that and more.

Perfect for working from home and enjoying rarely available outdoor space, 241 Duncan features two bedrooms plus office/guest room, one bathroom, spacious kitchen with built-in dining area and high-end appliances and a private walk-out deck with peaceful outlooks. Here are a few pics:

The garden has plenty of room for socially distanced gatherings, fountain, chicken coop and a huge date palm.

It’s not often you see a condo building detached on three sides, and that means plenty of natural light through the tall windows. And the high ceilings add to the airy feeling throughout.

Check out our Web site here, which has a 3D walkthrough tour, floor plan, complete photo gallery and more.

List price is $1,295,000.

My Top Tips for a Successful Home Search

You’ve decided that it’s time to make a move and buy a home in San Francisco. Where do you begin with it all? I’ve been selling real estate in the city since 2002, and have represented many successful buyers. Here’s the advice I gave them when we first met:

Be completely preapproved for a loan. You’ll often be in a competitive offer situation, with buyers waiving contingencies to stand out. Make sure you’ve submitted all required documents to your lender, and consult with him or her to see what latitude you may have when it comes to, for example, waiving a loan or appraisal contingency. Continue Reading

What You Can Buy in March: 30 Days & Counting

We’re on the precipice of Spring, and now is a great time to do a double take on the single-family home inventory that’s been on the market for a month or more. The San Francisco house market is eternally competitive, so shifting your gaze to some of the market sitters may yield a surprisingly good result for some buyers. Sellers will be very interested in making a deal before the Spring inventory hits.

Here are four homes that have been on the market for 30 days or more—and may be worth a look.
312 Athens
Excelsior

Days on Market (DOM): 68
3BR/2BA, 1 parking
List price: $1,488,000

312 Athens is a charming home set back on its lot. There’s a front patio, and just inside lies a floor plan with a modern kitchen open to the dining area. There are three bedrooms in the main house, and a bonus studio with its own separate entrance—perfect for guests or a home office. Fairly large yard, as well. The garage is small, so plan accordingly. Good neighborhood location near McLaren Park and not far from Mission Street retail and transit. [Photo courtesy of Compass] Continue Reading

Just Sold: Renovated Mission Victorian

Just Sold: Renovated Mission Victorian

My clients just closed on their purchase of a beautifully renovated Victorian single-family home at 164 San Carlos in the Mission. The three-bedroom home is located on a small street around the corner from the popular Valencia Street corridor.

All three bedrooms are upstairs, and the main level has a nice flow from the living area to the kitchen—great for post-pandemic dinner parties and entertaining. The garden has mature fruit trees, and the lower level features a family room, office and full bath. Continue Reading

Short-Term, Furnished Rentals Good Seller Pit Stops

I’ve met recently with a number of homeowners who are considering selling their properties, but don’t know where they’ll be able to buy next. Though they know they’ll do extremely well in the current market with the sale of their property, they’re nervous about competing with buyers to purchase their next place.

Here’s a suggestion that will work for these potential sellers: Rent a short-term, furnished rental. There are actually quite a number of these available at any given time, in all parts of The Bay Area. (Short-term, unfurnished rentals are more of a challenge to find, given that many landlords prefer longer-term apartment leases.) Continue Reading

Big Condo Overbids Return in 2021

Big Condo Overbids Return in 2021

Condos with two or more bedrooms, all the amenities, and desirable neighborhood locations are currently very much in demand by San Francisco buyers. As a result, there are increasing numbers of large overbids and sellers receiving many, many offers.

You’ll read about this trend a couple months from now in the mainstream media, but I am officially seeing the return of the list-low, sell-for-more pricing strategy for these properties.

A look at February’s closed and pending condo sales point to a trend in rising buyer demand for condos in popular neighborhoods near parks and retail areas. A condo that also features an exclusive-use outdoor space is at the top of everyone’s list. Even better if that condo is remodeled, and has two bathrooms, in-unit laundry and parking. Continue Reading

Prime Marina Location for This 1BR TIC

My lovely one-bedroom TIC at 1890 Jefferson #203 is still available—amazing Marina location, big living area and bedroom and even a formal dining room.

Here’s a look at the interior:

This is a perfect property for a buyer looking to get into a premium neighborhood location for less than the cost of a condo. List price is $825,000. Easy to show this weekend, and check out our property Web site here.

Here’s Your Home Insurance Primer

When you’re buying a house in San Francisco, there’s a lot going on. One of the key escrow activities is nailing down your insurance policy and provider. So it’s important to know what you’ll be looking for in terms of coverage level and annual cost.

Here are the main items for comparison that should be standard in your home insurance coverage: Continue Reading

Condos Heading for Property Tax Break?

The San Francisco Assessor’s office may be on track to consider reassessing condos that may have lost value since the pandemic hit, reports the San Francisco Business Times.

The city is currently surveying large commercial property owners this month about how their rents and expenses have changed in the past year. The assumption, according to the Business Times, is that office buildings saw a reduction in revenue in 2020.However, this data review effort may also extend to condos if it becomes clear that such properties have lost value. Continue Reading

New Listing: Gorgeous Marina Flat

New Listing: Gorgeous Marina Flat

I’m pleased to announce my new listing at 1890 Jefferson #203, a gorgeous tenancy-in-common (TIC) in a prime Marina location one block from the water. This lovely unit has wonderful 1930s period detail, dark espresso wood floors and a bright living room with an office alcove.

There’s also a large bedroom with walk-in closet, remodeled bath with spa tub and separate shower stall, and a formal dining room adjacent to the efficient kitchen featuring stainless-steel appliances and granite counters.

1890 Jefferson #203 is steps away from the Marina Green, the heart of Chestnut Street restaurants and retail, Palace of Fine Arts, and Fort Mason.

This is a well-established, nine-unit TIC building that’s had only one sale since the group formed in 2007. There are multiple lenders that offer fractional loans, which is what you need to purchase a TIC in San Francisco. I’m happy to talk through the TIC details.

List price is $825,000.

Check out our Web site with 3D tour here.

Showings kick off today, so contact me at eileen@insidesfre.com | 415.823.4656 if you’re interested in scheduling one!

Contact Eileen for Real Estate Help

Eileen Bermingham

Corcoran Global Living

415.823.4656

eileen@insidesfre.com

DRE# 01352627

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