sourth san francisco homes: Buyer's Market??? - 07/19/09 05:45 PM
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)

sourth san francisco homes: What Shall it Be? Loan Modificaiton? Short Sale? Foreclosure? - 06/15/09 07:27 PM
You are among the millions underwater and over stressed. What shall you do.  
Your credit will be most negatively affected with a Foreclosure, then a short sale. As long as you stay current on your loan, loan modification should not affect your credit.  Your credit score weather it is right or wrong is used by potential employers before hiring, landlords before renting, insurance companies before granting insurance and etc.  Depending on your individual situation maybe credit is not important. 

My client's father nearing retirement age could live in his son's rental unit and will not be looking for another … (0 comments)

sourth san francisco homes: Old School Pricing Is Out and Price It Right Is In - 05/24/09 05:38 PM
Many sellers are determined to set their listing price higher than they are willing to accept so they have room to negotiate.  With the New Millennium buyers they unfortunately will not get any offers.  Today's buyers are more educated than any others.  The internet gives the buyers the opportunity to research all public records.  They know the price of all the homes in the area that sold recently and are on the market.  They know the trends, the cost per square foot; they know what the seller paid for the home and how much they owe and sometimes the improvements the … (0 comments)

sourth san francisco homes: Bay Area Real Estate - "The Perfect Storm" - 12/10/08 11:22 AM
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)

sourth san francisco homes: Getting a Loan is not Impossible - 12/02/08 02:31 PM
I had some good friends over for Thanksgiving.  Pretty early in the evening the question came up; "Lee how is the Real Estate Market?"  "People can't get loans? Huh", he stated. This occurs often.  Everyday it is mentioned the "Credit Crunch" we have to loosen up credit.  I hope everyone reads "You Can Qualify For a Mortgage, It's Just Tougher" by Marni Leff Kottle of the S.F. Chronicle www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/30/RE8014CT0J.DTL .      
I went on to tell my friend that I probably will do more transactions this year than last but the average price is down 20%.  Home sales are up substantially in … (1 comments)