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luxury market: Buying property in 2009 - 02/28/09 08:39 PM
I have represented alot of buyers in the last 18 months and I would like to take this time to share some of these simple but necessary experiences.
1. Buyers stay in constant communication with your preferred lender. As the market and economy transition it will be important to stay on top of very key elements like: interest rates, down payment requirements, terms and appraisal requirements. All can torpedo a deal in the most inopportune time, trust me.
2. Buyers please stay on top of the market trends as presented by your real estate agent. various districts in San Francisco are … (0 comments)

luxury market: SF Market Update - Mortgage Analysis - 04/14/08 12:13 PM
First quarter transactions were definitely affected by the mortgage adjustment.
While San Francisco has a unique postion in the national mortgage landscape, we are seeing increased scrutiny when processing loans.
The impact that is trickling down to the San Francisco consumer is a higher down payment requirement. Typically the home buyer is asked to put 20% down as a minimum on a home purchase. That number goes up as the credit score moves downward.
Additionally, we are seeing less opportunity for HELOC's or 2nd's in this new lending environment. As the economic future of the country becomes clearer we will see lenders get more … (0 comments)

 

Ken Glidewell

San Francisco, CA

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Alain Pinel Realtors

Address: 3701 Buchanan Street, San Francisco, CA, 94123

Office Phone: (415) 593-8618

Cell Phone: (415) 816-2287

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