In the last two weeks, a substantial number of properties have come on the market. The Broker’s Tour outlines the properties agents can view on a given Tuesday in San Francisco. It literally doubled in its number of pages from about 14, which it has hovered around this past year, to 28 pages the second week of September! My buyers who were frustrated by not finding any properties they liked suddenly jumped off the sidelines and started writing offers. One …
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: Neighborhoods
In early August, I wrote about what a great investment SF real estate is, which is no secret. I gave as examples three properties clients of mine were interested in and the profit I thought the sellers might receive based on my evaluation of what they might sell for. Now, all of their sales have just closed and I can give you the actual numbers which are even more astounding than my initial forecast. A Duboce Triangle 3 bedroom condo …
I recently saw three properties on Broker’s Tour in three different areas of the city – Duboce Triangle, Hayes Valley, and Russian Hill. All have offer dates this week. The interesting thing about these three properties was how much they have each appreciated, two of them in a relatively short period of time (less than 6 years) and one of them in 9 years. The Duboce Triangle 3 bedroom condo was purchased by the sellers in 2011 for $969,000. The …
I enjoy helping sellers get their best price! I recently sold my client’s lovely 3 bedroom condo in Nob Hill. Here is what she had to say: “I had been following Carol Solfanelli’s career as a real estate professional for years after friends chose her to sell their place, so when it was time to sell mine, I contacted her for an appointment. Having once served as a part-time real estate professional in Massachusetts, I used my estimates to compare …
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 …
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 …