What your HOA dues pay for, as well as the amount, can vary tremendously. In a luxury building where there are a plethora of amenities, the dues will be higher but the amenities will be greater. One thing that is helpful to understand is the difference between an operating expense and a capital reserve. HOA dues will always include the operating expenses for the building, while some will also include a payment into a capital reserve so that the money …
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
Category: Buying
Walk in and see the gorgeous view! Come visit this weekend a rarely available luxury Mission Bay condo on exclusive 15th floor with breathtaking Bay views from every window. At $799,000, it is a great buy! Go to www.260KingSt1515.com for more photos and a video. …
A client of mine recently sold his beautiful home in Noe Valley. In the next year or so he would like to purchase another property. Since he just turned 55 this year, he is fortunate to have the opportunity to buy a property of lesser value within the next two years and transfer the original tax assessment of the property he just sold to his new residence; this will result in him paying less in real property taxes. Proposition 60 …
When buying a home, make sure your realtor goes over the preliminary title report with you. There could be unexpected surprises within! A home in the Richmond neighborhood which recently had a sale pending, did not close on time and almost did not close at all. The reason? The sellers had taken back a second mortgage from the prior owner when they bought the home. As they were getting ready to close, the escrow company gave notice to the prior …
When we bought our tenant-occupied two unit building back in 1998 before I became a realtor, we never realized what a nightmare trying to move into our own home would be. Even in San Francisco, in a majority of instances, owners have the right to move into their own home! This can be done by way of an Owner Move-In Eviction or OMI. We bought our building planning to move into the lower “garden” unit and live in our new …
Imagine you are buying a property and you discover that $350,000 worth of seismic work is required. That is exactly what happened recently with an agent in my office whose client was buying a 6 unit building. Buyers must be aware that when buying a property, they may be subject to the San Francisco Soft Story ordinance that went into effect last year. If you are buying a condo, you may be buying into a percentage of the cost for …
On Broker’s Tour recently, an agent was walking out of a condo and turned to the listing agent and asked if there was anything unusual in the CC&Rs. The listing agent said that in fact there was something a little unique. “Lawyers are not allowed to live in this building.” While this may seem odd (and I, personally, do not want to be excluded from any buildings!), there was a case in the ’90’s involving a Bakersfield, CA, development company …
My new listing, a two-level, three bedroom Edwardian condo, at 1332 Waller Street (at Masonic), blends traditional with modern to make a great place to live. It is located in the middle of three vibrant neighborhoods – Haight Ashbury, Cole Valley and Ashbury Heights. Open Sunday, March 2, from 2pm-5pm and Tuesday, March 4, from noon – 1:30pm and 5:30pm -6:30pm. Go to www.1332WallerStreet.com for more photos and information. …
Noe Valley is one of my favorite neighborhoods in the city. It has sentimental value for me since my husband and I purchased our first home there – a two bedroom condo with a fireplace and outlooks to a beautifully manicured garden. I have many fond memories of that 850 square foot condo! But when we bought it in 1990, Noe was not the Noe Valley we now know. In fact, a few short years before we made our purchase, …
Watch Out For Those CC&Rs! When you buy a condominium, you become a member of an HOA (homeowner’s association). This association is governed by CC&Rs (Covenants, Conditions and Restrictions). These are rules and regulations that prescribe how the homeowner’s association operates and how the owners (and their tenants or guests) must act. They are legally enforceable by the HOA.It is important that as a buyer you read all of them. However, there are a few specific things you should look …