May 12
10
Intero Weekender May 11th – 13th!
If you want to live in a brand new One Rincon Hill condo in San Francisco, they only have a few left! One Rincon Hill just released several high floor condos on Saturday May 5th. They have released several 2 bedrooms and 2 baths, 2 bedroom + den and 2 baths, 3 bedroom and 2 baths, and 3 bedroom and 3 baths. The prices range from $1,795,000 to $2,495,000 and are located on floors 52 and up to the penthouse on the 60th floor. The city and bay views are breathtaking up there! If you would like a tour, please contact me.
Apr 12
27
Intero Weekender April 27th – 29th
Apr 12
26
Who Cares About the Appraisal…
More and more, I am seeing buyers make offers on properties and waiving their appraisal contingencies. They are making very aggressive offers that are significantly above the list price and not worrying where the appraisal comes in. If for some reason the appraisal doesn’t match their purchase price, they are just making up the difference with a larger down payment. Sometimes these amounts, depending on the price range of the home, can amount to tens of thousands of dollars. This can be dangerous if the appraisal comes in significantly lower than expected but it is becoming pretty common right now.
Apr 12
13
CASH is King!
NEWSFLASH….there is a A LOT of cash out there in the market right now. Every property I check on, every bid I make for a buyer, I don’t remember when the last time a property was sold and it wasn’t ALL CASH. I’ve said this before and I’ll say it again that the by-product of keeping rates low is that nobody wants to hold onto cash so it is just absolutely flooding the market. Before the financial crisis, there were a lot of people taking out risky loans with little down to buy properties, now people who are well equipped with cash are buying them. It’s a crazy market right now. Hopefully more inventory will come on to help curb this demand.
As I have been mentioning over and over in my blog that the Bay Area real estate is on FIRE! Here’s another article that ranks Bay Area Cities #2 and #3 in the nation for homes that are selling the fastest. Here is the article from CNBC through Yahoo!:
Very often, my clients ask me where I can find the API scores for schools in California. API scores are the cornerstone of California’s Public Schools Accountability Act of 1999 and they measure the academic performance and growth of schools on a variety of academic measures. One of my favorite sites is at the California Department of Education under API Scores. You can sort by state, county, district, and school. It is a very useful tool once you know the schools that a property belongs to.
Posted in Useful Tools by .
Mar 12
29
Intero Weekender Mar 30th – Apr 1st
Posted in Mar 30th - Apr 1st by .
As I was driving around, previewing properties, I saw 4 new homes nearing their completion off of Connemara Way and Saratoga-Sunnyvale Rd in Sunnyvale. 2 of the homes are backing up onto Saratoga-Sunnyvale Rd and the other 2 face opposite both of them (I’m guessing there will be road noise from there).
I have been seeing this since last year but the demand has really picked up recently and the supply is extremely limited. But the inventory that is available is going for multiple offers and is often significantly above asking price. This article from the San Jose Mercury News about “Buyers competing for short supply of homes in Bay Area” is just one example of what is going on here.