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san francisco homes: Buyer's Market??? - 07/20/09 12:45 AM
Buyer's Market?  You bet it is.  I will be speaking about the low end of each market area. On the Peninsula and San Francisco we talk about Single Family homes priced under $700,000.  In the East Bay it is below $400,000.  Buyer's Market yes but not in the traditional way.  Today's buyer cannot expect to purchase a home for 20% off the list price, but they can expect to purchase a home 30-60% off of 2004 prices.  Today's buyer cannot expect the seller to take care of all necessary repairs, but the buyer can expect to receive an $8000 Federal Tax … (0 comments)

san francisco homes: Housing Stimulus Package -An Open Letter to Poloiticians - 02/09/09 09:46 PM
To Congress Woman Jackie Spier, Senator Diane Feinstein, and Senator Boxer
 
I am a local realtor specializing in San Mateo and San Francisco Counties Real Estate.   I do not think the $15,000 Home Buyer Tax Credit in Economic Stimulus Package is making best use of the tax payers money. 
First and Foremost to stop and slow down the hemorrhaging of the Real Estate market we must try to limit foreclosures, short sales and strive to keep the homeowner in the home.  A very common situation is a homeowner with a $700,000 mortgage on a home with a $500,000 value … (0 comments)

san francisco homes: Bay Area Real Estate - "The Perfect Storm" - 12/10/08 07:22 PM
Perfect Storm = Low Interest Rates, Low Prices, and Lower Inventory. We have all the ingredients. 
If you have been waiting for prices to stabilize you are on the cusp of being late. 
Homes in Daly City, San Bruno, San Mateo, San Francisco and South San Francisco are selling.  To keep up with the demand Bank of America is falling behind on appraisals and is hiring outside appraisers.  I spoke to a termite inspector yesterday.  He had 5 inspections scheduled for the day.  Need I say we did not speak long.  There is a buzz in my office.  Conference rooms are … (0 comments)

san francisco homes: Offer Prices - 11/13/08 10:53 PM
I have several buyers very confused.  They offered the asking price for a Daly City home but were outbid by $50,000.  This is not supposed to happen in a buyer's market.  The low price is a marketing tool and not a realistic list price.  I explained before making a purchase offer, buyers must determine the true present market value. http://www.pruvoices.com/2008/10/what-is-market-value/     They must do the same review as a seller.  List pricing is all over the board today with short sales confusing everyone.  Many of these short sales never sell.  But they do confuse the market. Buyers should compare the market value … (2 comments)

 

Lee Ginsburg

San Bruno, CA

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Prudential Ca. Realty

Address: 180 El Camino Real, San Bruno, Ca, 94066

Office Phone: (650) 358-3959

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