Another Fine Point in Buying Real Estate in San Francisco

Friday, November 9th, 2007 @ 10:14 am | Buyers, Real Estate, San Francisco, Sellers

After finding your dream home on the internet in your price range – the one with lots of pretty pictures, you are ready to take that ??œGrand Tour??? of the neighborhood.??

After all, you need to check out the curb appeal and whether or not you could really live on that side of the street and/or that end of the street on that block in that neighborhood.?? Without checking out the neighborhood, how else are you going to find out how far is it to the nearest bus stop when you are running late in the morning and how far a walk to the neighborhood commercial area to get a latte in the morning or where you would walk the dog?.??

In a recent post “One Way to Buy Real Estate in San Francisco???, I suggested driving a neighborhood has its advantages of spotting properties that may be coming on the market and probably have not yet hit the internet.

The arrow points to a property that ??œhit the MLS??? 10 days later in the Marina, San Francisco, CA

Case in point – I took this picture in the Marina originally on September 25, 2007 with the moving truck and workers in front of the house where the arrow points for my October 4th post.

On Friday, October 5th, this 4 bedroom with 4.5 baths home came on the MLS for $3,495,000.

By Friday, October 19th, 14 days later, the MLS showed an accepted offer and opened escrow as ??œActive Continue to Show” which usually means there are some contingencies that need to be met before closing.

By Monday, October 29th, 10 days into the escrow, the MLS showed the property as ??œPending??? which usually means that there are no contingencies and the property and the parties are preparing to close escrow.

On Thursday, November 8th, 20 days into the escrow and a total on 34 days on the market, the property closes for $3,495,000* ?- noting there is an?asterisk after the sales price.

So, “Who’s Market Is It Anyway?”?and “Why An Asterisk After Some Sales Prices in the MLS?”?

 

 

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