You may think that everything is going crazily over the asking price in San Francisco. But, if you take a look around, there are some nice properties that are not selling quickly and are sitting on the market longer. Today in SF, if a property doesn’t go into contract within 2 weeks or sooner, the listing agent and seller get nervous. Looking at properties that are on the market for more than a month may provide some opportunities. On my …
Carol Solfanelli | Compass | DRE License # 01347033 |
415-297-7031 | carol.solfanelli@compass.com
2022 Real Trends America’s Best Real Estate Professional
Top 1.5% of 1.6 Million Agents Nationwide
2022 Real Trends America’s Best Real Estate Professional
Top 1.5% of 1.6 Million Agents Nationwide
Author: Carol Solfanelli
In San Francisco these days, it is hard to prevail in a multiple offer situation unless a buyer writes a “non-contingent” offer – no financing, appraisal or inspection contingencies. And many people seem to think that if an offer is written like that, the buyer can’t get out of it if he gets cold feet and changes his mind. However, there are two ways a buyer may get out of a contract that is considered “non-contingent.” The first way is …
I just reduced the price of my Nob Hill listing – an architectural gem of a condo at the St. Elizabeth. (901Powell8.com) It has 3 bedrooms and 2 baths and according to tax records, it is 1562 square feet. It was originally listed for $1,395,000 and received an offer almost immediately – under asking which my client did not accept or counter. The price now is $1,299,000. At $831.63 per square foot, it’s a real bargain in Nob Hill where …
In a hot market, there are times when you probably should not sell. Recently, I did a listing presentation for a couple who owns a lovely two bedroom TIC unit near the Alamo Square area. For those who are not familiar with the term, TIC, it is a property that is held as Tenants In Common with other individuals. It is a form of group ownership. “In a TIC, the entire property is owned by the TIC group (the tenants …
The market is still very hot! My listing above at 356-358 Douglass, which is a three unit property that includes a cottage at 24 Seward, went into contract last Friday after multiple offers. It’s a well maintained and beautifully updated Eureka Valley residential property. I had hundreds of people through each weekend open house – I’m still getting calls from the unlucky buyers who missed it. If you are a buyer these days, you need to be prepared to move …
Congratulations to my clients, Sarah and Kevin, who just closed this week on this sweet home in Lone Mountain and are moving in today! It’s a challenging market for buyers so I am always happy to see my clients prevail on an offer. Speaking of prevailing, congratulations to my other clients, Anne and Kevin, who just got into contract on Wednesday on an Edwardian condo in Lower Pacific Heights! They are thrilled and I’m thrilled for them. It’s been a …
When shopping for a property, many people focus on buying a condo or a single family residence. While both of these options are fine, an option many people in my experience don’t consider is buying a two-unit building. While they may feel that they will not qualify for a high enough mortgage, the bank will take into consideration the rental income of the unit that will be tenant-occupied when deciding the loan amount. And although most two-unit buildings in San …
One of the benefits of buying a home in San Francisco is that it opens you up to lodging around the world for free! How does this happen you may wonder. One site that offers you the chance to exchange homes is called HomeExchange.com. My husband, Michael, and I have enjoyed exchanging homes with people locally and around the world for a fee of about $100 a year through this website. We have stayed in beautiful homes and apartments in …
I just sold this top floor Edwardian condo at 1925 Pacific, #6, which sparkled with light and views of the bay. It is in a sought after location on a tree-lined block centrally located near some of the best restaurants and boutiques on Fillmore, Union and Polk Streets. It was listed for $1,675,000 and sold over asking after multiple offers were received. Here’s what my client had to say about the sale: “Carol was exceedingly professional, worked tirelessly and insured …
Asbestos is a scary word for many people. I was recently in a transaction where I had disclosed that there was a pipe outside of a window that might be insulated with asbestos and the insulation was unraveling. The buyer in contract had some concerns, naturally, about the asbestos. I recommended that she have a certified asbestos removal contractor remove the insulation if it was asbestos.The buyer’s agent indicated that although his client could use the company I had suggested, …