Tag Archives: 1st time Home buyers

New SOMA Release! 2Bed/2Ba Exquisitely Remodeled, 1119SF, $549k-$595k

New SOMA release of 6 stylishly remodeled homes at 181-191 Russ Street. Steps from the best culinary, shopping, arts and recreational destinations in the district. Walking distance to Whole Foods Market, ATT Park, and Draves Park 1/2 block away make this a city dwellers dream location.  Each freshly remodeled spacious two-bedroom two-bathroom home at features hardwood floors, high-efficiency lighting, all new kitchens with stainless appliances, modern bathrooms, large bedrooms and stunning open floor plans with Bay Windows. Storage and In Unit Laundry Room included. Low HOA fee. Asking $549,000-$595,000. Walkscore of 98, Transportation score of 100, Great Biking.

Early OPEN Sunday 1-4:30PM. Call Erika, Showing Agent, for private viewing 415-321-7076, Erika Burke, Top Producer DRE#01386234

www.181Russ.com

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Blog Post: San Francisco Realtor endorsed by 1st Time Homebuyers.

 

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Duffy Family pic

A special endorsement for me as a Realtor, from a lovely family, 1st time home buyers in San Francisco.  I’m so grateful!  Thanks Duffy Family, enjoy your new home!

“Dear Erika,                                                                                                                                                                                                                 I wanted to take a minute to thank you for helping Gerry and I through a process that became a lot more complicated than we expected. Words cannot express our gratitude for all of your patience, veracity, and guidance in buying our first home. We knew buying a house would not be easy, especially buying a probate, but you were there every step of the way to make sure we felt comfortable and confident in our decisions. You knew all the in’s and out’s of this complicated purchase and became our personal cheerleader :). We would recommend you in a heartbeat to anyone who is looking to buy a house…..in any city! Your great attention to detail, creativity, and profound knowledge in real estate is amazing.  We are forever indebted to you!”                                                                                                  With Sincere Thanks,  Stephanie and Gerry Duffy

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The Inside Scoop for 1st Time Home Buyers for a successful San Francisco Home Purchase right NOW!

Young Couple9 Tips for making a successful purchase in the current Sellers Market

As you know inventory in San Francisco is at its lowest mark in more than seven years.  With such a low supply comes steeper competition which can put 1st time homebuyers at a disadvantage.  I like to look at it as an opportunity to be informed and prepared.  (Tips at the end)

Evaluating property and the market.

A Discussion:

With low inventory the first time home buyer may be going up against investors who are also targeting the bargain-priced or lower priced homes that are in the same pool in which you are looking.  Investors and contractors come to the table with buying power, large down payments and/or cash, which can edge you out of the deal.  One strategy is to prepare to compete.

In a Sellers market, a strategy that is often employed by listing agents, are to list the homes for well under the market, in hopes of attracting a large number of offers.  This means each home must be individually evaluated against the market to see if this is the case.  If so, the buyer must be prepared to bring their offer in at the regular market price which can be substantially, sometimes $10k-$100k or more over the inappropriately low asking price.  Just because a price is listed, it does not reflect the market value or the actual final purchase price range.  Conversely, some homes do not require an overbid and your agent will be able to advise you accordingly. Continue reading

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Hayes Valley Tech Couple Endorse Realtor

I’m so grateful that my recent sale of 432 Ivy Street, San Francisco, CA, a  single family, 3 Bedroom, 3.5 bath home for $1,380,000. located in Hayes Valley was purchased by  a beautiful, charming and newly married tech couple which resulted  in the following endorsement. 

1st time homebuyer’s, Dan and Kristine said, “Thank you again for being so wonderful during the process!”

“Erika was extremely helpful during the home buying process.  She worked closely with us to understand the type of property we were
interested in and helped us find many places to look at so we could continue to refine what we wanted.  Once we found a place she did an amazing job helping us come up with an aggressive pre-market offer.

She put together and submitted the offer over a few hours on the weekend and was super responsive to all of our questions.   She was always on top of what needed to be done, worked closely with the mortgage officer to make sure everything was moving smoothly for a very fast closing window.  We were very pleased with Erika and highly recommend her to anyone in the real estate market.”

Having strong representation in a competitive market helps.  Give me a ring and let’s match you to your home  or help you to sell and move ahead soon!


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San Francisco South Beach Luxury Living at 200 Brannan #130

Last week I blogged about a gorgeous penthouse #506 offering for $1,250,000. at 200 Brannan in San Francisco’s South Beach waterfront neighborhood, which is still available.  Today, a beautiful 1535 SF 2 story loft in this luxury Condo Building has come to market.

This 2 level loft, #130, includes a second full bath on the main level and a large master suite on the upper level.  The mezzanine is large enough for a home office or family room. This is a plushly decorated secure full service building with door man, 24 hour security, included garage parking for 1 independant and exercise facilities plus recreation room for private parties.  Offered for $1,049,000.

One block from the Waterfront and near 2nd Street Cafes and boutiques.

Everything about 200 Brannan is luxurious and the perfect fit for the discerning full service condominium seeker. Please phone for your appointment to view this home.

Erika Burke – Accredited Buyer’s Representative (ABR), Vanguard Properties, [email protected] 415.321.7076 www.liveinluxurysf.com

For more about 200 Brannan please review my prior post http://erikaburkesf.com/?p=2004

 Listed by Eric Turner, McGuire Real Estate

 

 

 

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Sweeping Views For Days!

450 San Bruno #2 Off Market

$699,000 New Low Pricing! At $348 per square foot, this is a tremendous value!

This San Francisco panoramic downtown view home the one to have. 2 Floor split level condo was added/built in 1984. This spacious 3 bedroom & 3 bath home is a sure choice, at 2007 Square Feet for $348 per sq ft. Make easy upgrades in this clean good looking home, to add value and make it your personal showcase!

Top level penthouse suite with Jacuzzi tub is light, bright & open with enormous views and 2 walk out decks. The Lower (1st of 2) levels, has a cozy open living floor plan with new kitchen appliances, a Master bedroom with en suite bath, 2nd hall bath, a 2nd bedroom/office/den leading to a large walk out deck with views.

Included are 2 deeded tandem parking spaces inside the large shared garage plus 2 BIG locked private storage closets, plus in-unit laundry hook-ups (top level). Freshly painted interior throughout.

Located on the Mission side of the FWY. with dbl. dbl. windows making it quiet. Steps to SF Design District, Whole Foods, Starbucks, cafes & more. HOA $372. Walk Score of 92. A find for the smart buyer!
Visit www.450SanBruno.com for further info and pics.

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Should a Buyer be Pre-Approved for their loan before Searching for Property? Yes or No?

imagesHere in our San Francisco market, I urge all of my buyers to gain pre-approval for a loan before they begin their home search. Many people seem to think that pre-approval is like applying for your entire loan, but it is not.
Once you have chosen a direct lender, Bank, or Mortgage Broker, they will ask you to fill out a loan application and assist you in gathering the necessary documentation and verifications to complete what will eventually become your “loan Package”.
Once the loan professional has verified your income, assets and employment, they are able to estimate the type and amount of loan you will likely qualify for. This will assist you in knowing what your monthly payment, insurance, property taxes and interest will be and in turn, you will know the right price range to look in when shopping for your home!
Now that you have that pre-approval letter you are ready to search. This will give you a competitive advantage, as you will be able to submit offers immediately on what could be the “perfect” property for you with that valuable pre-approval letter. This letter lets the listing agent know that this buyer is already working toward their loan approval and has the right income and assets to qualify for that particular purchase. What do you think about loan pre-approval and working with an agent. Do you feel it is necessary?
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1st Time HomeBuyer – You may be able to use the tax credit for San Francisco Real Estate

Here’s the latest on the first time home buyers tax credit!!!

http://www.edesignations.com/blog/2009/10/real-estate-loans-first-time-home.asp

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