The recent upturn in Bay Area real estate activity has frequently been linked to something that’s been coined as the Facebook Effect. In anticipation of the public offering of Facebook stock (and continuing after its recent bumpy roll out) many have been talking about the tech millionaires and how they will be buying up all available real estate at exorbitantly high prices. Not so fast!
One of my buyers asked a question recently: "If we get the condo
appraised and the value of the condo is higher than what we agree to,
can the seller pull out and ask for a higher price? Or does it only work
in our favor?"
San Francisco, CA – June 4, 2012 – Zephyr Real Estate continues its advance as the leader in cutting-edge marketing and technology with the launch of its new online agent resource center. This internal information repository is home to updates in sales, marketing, technology, real estate and tenant law, company news, and market trends. Agents are afforded a quick, effective and proficient means of managing clients, media, properties and information.
San Francisco, CA – May 7, 2012 – One of San
Francisco’s historic Painted Ladies has just been listed on the market. The
First Lady is now available for the first time in nearly 20 years. The iconic
home at 710 Steiner Street last sold in 1993 for $575,000. To mark the
occasion, Bonnie Spindler, Zephyr’s Victorian Specialist, is hosting a
champagne reception on Monday, May 14, from 5:30 to 7 p.m.
For someone like me who would recycle dryer lint if I could, these two new programs may appeal to your inner green as much as they did mine.
San Francisco, CA – April 23, 2012 – Danielle Lazier, Zephyr Real Estate agent, just became a licensed real estate broker. California’s rigorous requirements for this achievement include a written examination just to apply for the licensure. A sterling record, current relevant experience and completion of multiple college-level courses are also part of the criteria. Only one in four members of the California Association of Realtors achieves this distinction.
Last month I discussed the low statistics for “Months Supply of Inventory” and the fact that buyer demand for property has increased dramatically. This month I thought I would say a few words about WHY the supply of properties is so low.
If you are a frequent traveler to or from Marin, you should know that there is a planned closure of one of the main thoroughfare on the weekend of April 27-30. Details can be found at www.presidioparkway.org. You can also subscribe to their email alerts to get updates on future closures.
Did you know that the wonderful exhibits at the California Academy of Sciences are free to neighborhoods
on specific dates during the year? Check out the schedule below or
click on the link above. The hours are 9:30-5pm. It's a great way to
spend the day with the entire family!
“You can’t time the market”- How many times have you heard that? The
reason this adage is so enduring is because it is so true. Every time
there is a change in the real estate market it seems to take buyers,
sellers and even REALTORS® by surprise. It seems we all assume that the
market will be the same tomorrow as it is today, yet we all know that’s
just not how things work. There are few better examples of a cyclical
market than real estate.