Tag Archives: short sale

2010: Year of the Short Sale

It’s becoming more and more obvious as I tour, show and evaluate properties that there are many homeowners coming up on three-, five- or seven-year adjustable rate mortgage revisions. And in many cases, they won’t be able to refinance or keep their property at the higher interest rate. Those are definitely ingredients for a rise in short sales over the next year. Continue Reading

4114 20th St. Implodes

4114 20th St. Implodes

Last sold in November 2007 for $1,513,000, 4114 20th Street is now on the market as a short sale by its Realtor owner for a cool price of $1,150,000.

This 4BR/3BA home has a great Eureka Valley location, and a great kitchen. The rear and front gardens are nicely landscaped, and the master bedroom has sweeping views. The seller-agent attempted to unload the property in late 2008 for $1.7M and then in early 2009 for $1.6M. But now it’s come to this.

The sale has to close by 8/27, so don’t waste time hauling your cash over to 4114 20th. There could be a deal here if you play your cards right.

Sellers Slip Under Water in Noe

In addition to the short sales and foreclosures that are creeping into San Francisco, there’s another trend afoot: Owners are putting their homes on the market at prices which indicate they’ll lose money or barely break even if their homes sell at list price.

One neighborhood where the trend is growing is Noe Valley. A check on the details behind the 38 single-family homes currently for sale reveals that 12 were purchased five or fewer years ago, at prices that don’t add up to appreciation now. Here’s the rundown: Continue Reading

Get in touch:

Eileen Bermingham

Corcoran Global Living

415.823.4656

eileen@insidesfre.com

DRE# 01352627

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