July 5, 2009 |
SFResidence.com | Newsletter Table of Contents |
Hello from Janis!
We hope you had a happy 4th of July. We are very fortunate to be living in the greatest country in the history of the world. As a result we also have great opportunities. The real estate market is showing signs of life, though not at the levels we have seen in the past. Buyers still have the upper hand as we are seeing in negotiations, and some sellers are still slow to come to the realization that we are not in the market of several years ago. Our market report for June show prices are starting to creep back up and even though there are occasionally multiple offers rarely do we see deals closing over the list price.
The name of the game these days seems to be "how long will it take the lenders to do their job"? Or a better question might be how can we do business in spite of the lenders. In the 1980's about the only way to sell a property was to have "creative" financing. That included using existing financing along with seller financing. I know that many transactions are dependent upon the lenders cooperation but I do think many deals can be made by encouraging the sellers to help with the financing. And it can be a win-win. The buyers can get the financing they need to buy the property and the sellers are getting a return of 5%+ a year. Where can you get a 5%+ return on any investment these days? As the lenders get more and more difficult (and they will) we have to find a way to help sellers sell and buyers buy! My new motto it "THINK CREATIVELY"! Pass the word.......
Our June market report is now online at our website.
Are you MOVING? Do you KNOW SOMEONE WHO IS? Remember, we know GREAT AGENTS to whom we can refer with confidence. We have already sent some happy buyers and sellers outside of San Francisco. So if you or someone you know needs to buy or sell property somewhere else in the country, keep us in mind. In return for the lead, we'll give you a chance to win our Rewards contest for a weekend in Tahoe.
Summer is here and Lake Tahoe is a perfect weekend or weeklong getaway. We have a Lake View condo -- a lovely 2 bedroom, 2 bath condominium available for rent in Tahoe City at Tahoe Marina Lodge, a lake front complex. This unit has panoramic lake and mountain views yet is within walking distance to shops and restaurants. Tahoe is an excellent place to get away from the fast pace of city life and enjoy nature. This is the condominium we use for our Rewards for RE-ferrals.
ALOHA!!! Hawaii is a perfect getaway and the air fares are very good. Steps from the beach on the Big Island of Hawaii is our fabulous 3 bedroom, 3 and 1/2 bath beach front condo at Kolea in the Waikoloa Beach Resort available for rent with ocean views and steps from the "A" Bay beach. Kolea is a gated community close to all of the amenities of Waikoloa-- swim with the dolphins, golf, swim, snorkel or just enjoy the sun. Send us an e-mail or call for details on special rates!
Interest Rates
See what Foster
Weeks says every Monday about interest rates in his weekly newsletter and on
Blog. With all the turmoil in the stock and bond markets, it changes day to day! However, interest rates have been very low for a long time. Now might be the time to take advantage of it!
Giants Tickets
The Giants are playing well, and we have had a tremendous reaction to our offer of tickets which are in Lower Box 121 row 40, seats 5 & 6. We love to share them with clients and friends. If you are interested
in any of the following dates, e-mail Info and let us know
what date you prefer. THERE ARE AVAILABLE ON A FIRST COME FIRST SERVED BASIS. Once the tickets are gone, watch next month for the next set of games to
be released!
| Day: | Date: | Time: |
Team: |
| Tues. | 7-Jul | 7:15 | FLA |
| Mon. | 27-Jul | 7:15 | PIT |
| Sat. | 1-Aug | 6:05 | PHI |
| Fri. | 7-Aug | 7:15 | CIN |
FLA = Florida Marlins, PIT = Pittsburgh Pirates, PHI = Philadelphia Phillies, CIN = Cincinnati Reds
Sales Activity
| JUST LISTED | |
 |
Charming home on a quiet street with hardwood floors, living room with fireplace, eat-in kitchen, 2 bedrooms and 1 bath up and a large room and bath on the lower level. Garage has laundry & built in cabinets. Behind the garage is an enclosed patio perfect for an art studio or workshop. Mature plants in area around the enclosure. Some bay views from the front bedrooms . Listed at $589,000 |
| FOR SALE | |
 |
Tastefully designed to blend with the neighborhood, Stroll down the central mews and two garden courtyards beckon on either side. Here, lush landscaping with an abundance of flowers and trees offers a peaceful respite from the urban bustle. Just inside is the state-of-the-art fitness center and Yoga and Pilates studio, for even greater well-being. Rooftop deck, where the view of the city is as vast and brilliant as the stars. Listed at $949,000 |
| FOR SALE | |
 |
Bernal Heights WIDE Lot w/ Approved Plans Great Opportunity to build your dream home on this large Bernal East Slope lot with Panoramic Views. East facing, extra wide 45 foot, down slope lot with large flat area. Located across from a just completed, modern, multi-million dollar home. Lot is located behind a fence. Architect has approved plans for a custom home consisting of 4 bedrooms, 3.5 baths, studio area, expansive views & decks which are included in this price. Listed at $599,000 |
| SALE PENDING | |
 |
North of Lake Home with Cottage Lovingly restored 4-bedroom, 3.5-bath home near the Sea Cliff gates with walk-out garden, legal self-contained studio cottage, garage, Golden Gate and Marin Headlands views, 2 wood-burning fireplaces. NEW PRICE! Listed at $2,150,00
|
| SALE PENDING | |
 |
FABULOUS PRICE AND LOCATION! Beautiful 2 bedroom, 1 bath condo in a Beaux Arts building with 6 units. Sunny south exposure, remodeled kitchen, formal dining room opens to large living room. Great master bedroom with 2 closets, remodeled bath, second bedroom has access to a tiled deck, parking. Listed at $874,800
|
| SALE PENDING | |
 |
This large 2 level condo on a prime northern slope location has stellar Bridge to Bridge views! Dramatic open living/dining area with high beam ceilings and skylights & large deck around provides a great entertaining space! There are 3 spacious bedrooms and 2 full baths on lower level. Large bonus rooms with separate entrance for office or gym, storage. One car parking. Buyer Represented. Listed at $1,079,000 |
| SOLD | |
 |
Remodeled unit with its own separate entrance and within walking distance to the Fillmore Street shops and restaurants. The building units were remodeled in 2008. This house-like designer unit has a new kitchen and dining area with fireplace, marble baths, hardwood floors, high ceilings with recessed lighting, private deck and elevator. Buyer Represented. Listed at $995,000 (TIC Interest)- Owner financed. Sold for $975,000 |
| SALE PENDING | |
 |
Alamo Square condominium, multi-level unit in 4 unit Building. Interior access though garage + exclusive use patio. Live-work area offers 1 bedroom and 2 bathrooms with 3 large closets. Washer and dryer. The main floor features an open living area with a 13ft. ceiling, fire place with a beautiful mantel. Updated kitchen. Buyer Represented. Listed at $619,000 |
| SOLD | |
 |
Dolger built and master suite added by owner,, this 3 bedroom, 2 bath home has views of the Marin Headlands and ocean from the top floor master suite which also has a deck. There is a knotty pine room down and a large garage and yard. First time on the market in over 34 years. Showings will begin in mid April. Listed at $895,000 - Sold for $922,000 |
See you next month!
Janis Stone
"The nicest compliment you can give us is to refer
others within your circle"
Toll Free (866) 224-8024
If you are a Realtor, by opting out you will be removed from our referral network.
