San Francisco Real Estate Properties

San Francisco’s tide is changing,?the sky is clearing, and spring is in the air. It’s time to quit?stretching…and getting ready to get ready.? It’s?time to get off the mark…

Listen to this video?(below) to understand that multiple buyers in San Francisco are?no longer waiting to?get ready?and now are taking action.?

Real Estate Rebound Video from CBS5.com

Only one lucky Buyer bought each of these homes…leaving all these other Buyers still wanting to buy and ready to buy.

With this upsurge of 1st time Buyers’ demand in San Francisco, now is the time to do your homework,?get qualified, and be ready to?get what you want.

The tide is changing in San Francisco, the sun is coming out, spring is in the air…get going!

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Let’s put?waiting?at the fence?and affordability in perspective.

Historically speaking the affordability standard?has never?changed over the years for 1st time Buyers.?

What did change is those Buyers with no money (that bought in recent years) had a short time view on a long term investment.

Affordability?has always been reflected in?a comfortable monthly mortgage payment with?an initial cash investment into the property (i.e. down payment) and the peace of mind of?an interest rate?that is within one’s means now and for?the long term.

Today’s 1st time Buyers have a lot more going for them by getting off the fence?with lower interest rates, the federal government paying them to buy before 12/01/09 with a $8,000 tax credit,?and affordable prices.??

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So far this year…1st time Buyers looking at Open Houses on the Northside of San Francisco may be finding the 1+ Bedroom condo market below $700,000 a bit complex…

…even if you do the numbers?to check out price per square feet, days on the market/when properties came on the? market, original price?/current price, built date, …etc. etc. etc.??

This is not an ordinary market on the Northside of San Francisco. And Buyers that are really seriously looking to buy and do not have an agent yet…need an “experienced” agent?early on.

At my Open Houses now, I have set up an easel to show 1st time Buyers the opportunities they are not recognizing for themselves.

Cutting through the numbers on a spreadsheet and visiting open houses is worth the time in recognizing this rare moment in time for 1st time Buyers on the Northside of San Francisco.

Yet,?there are actually 3 markets for one bedroom condos on?the North side of the city…

… and without recognizing these 3 markets, one will not to?see the “real values” of buying in?the one bedroom condo market?on the Northside of San Francisco.

Market One – New construction with & without parking located on the edges of the Northside of San Francisco.?

Market Two – Condos without parking or with only leased parking available are generally considered the lower end of the market.

Market Three- Condos with parking (deeded) that is included in the price of the condo?tend to have the highest resale value of all three markets.

Recognizing the?”real value” of?each of these one bedroom markets is important and more important is, “What do you want that you don’t have now?”

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At my last two Sunday?Open Houses?in Pacific Heights (East)…

?

…the weather has been overcast or rainy and yet Buyers are out there looking and they are not just coming in from?my open house?signs scattered along the four neighborhood commerical areas.

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Buyers?are wondering?whether to wait or to buy now.?

And I have had to ask…waiting for what?

Waiting for a bargain? vs. finding a home on the North side of the city?now???

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Waiting for where?the market?bottoms out vs.?investing in?”Location, Location, Location” in?our great city?

Note that property values are holding their own – see circled neighborhood?areas on map above and below.

Waiting for prices to rise vs. finding the value of a home now?

Waiting for multiple offers again vs. writing an offer without the competition now?

Waiting for the interest rates to rise?vs. getting tax deductions now??

Waiting until it is too late to meet the deadline?to use the?1st time Buyer’s stimulus tax credit package vs. taking advantage of?this $8,000 one-time incentive now?

When is waiting better, if you can get what you want now?

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