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Posted On: Thursday, March 10, 2011 - 6:00am
Topics: Buyers and Sellers
Of all the decisions sellers need to make when they are getting ready to put their home on the market, property presentation is one of the most important. Yes, this is Real Estate 101, but based on the showing condition and photos of some homes I’ve recently seen, I believe it’s time for a refresher on this topic.
Take the photo above, for example. It’s one in a series of dismal and somewhat threatening photos of a property currently on the market. That’s the yard, which
Posted On: Tuesday, March 8, 2011 - 6:00am
Tags: goldstein gellman, TICs | Topics: Laws and Regulations
The waiting time for condo conversion has lengthened from three or five years to more than 20 years over the past two decades. That’s a lot of waiting time for TIC owners who have gotten involved in shared ownership and its risks, thinking the arrangement would only be temporary. And unfortunately, some such owners have experienced their share of unexpected disputes among TIC partners.
I thought it would be a good time to round up the most
Posted On: Thursday, March 3, 2011 - 6:00am
Tags: HOAs, home loans | Topics: Buyers and Sellers
Our current loan landscape is more complicated than ever, and it's important to vet a particular unit and HOA alongside your lender before you even submit an offer.
To that end, our team at Guarantee Mortgage assembled a list of key questions you and your Realtor should have answered (either through the disclosures or the listing agent) before you get your contract going. Lenders have many restrictions these days, and they're related to these key areas:
1. Is the project a

Posted On: Thursday, February 24, 2011 - 6:00am
Tags: condo conversion, condo lottery, TICs | Topics: Buyers and Sellers
My colleagues and I have noticed a few listings coming on the market that are being classified as condos---but which are really TICs in buildings that recently won the lottery. It's important to note that until a building is fully converted and all units are officially condos, you can't call a TIC a condo. Even if everything is on track for condo conversion.
This is a good distinction to make if you're a buyer who's not interested in completing someone else's condo conversion. And
Posted On: Tuesday, February 22, 2011 - 6:00am
Tags: Short sales | Topics: Buyers and Sellers
"BOM" is shorthand for Back on Market, and several properties earned this status over the past week. Three of them started off as short sales, meaning that their sellers could very possibly be foreclosed upon if they're unable to find new buyers.
I point this out because it's key for buyers who make offers on short sales to do their homework up front, and understand the full scope of the short sale process.
The three BOM short
Posted On: Friday, February 18, 2011 - 6:00am
Tags: gift money, Short sales | Topics: Buyers and Sellers
The real estate lending landscape has changed significantly in the past couple years. Lenders are girding themselves against fraud in many ways, and that trickles down to what sort of documentation they'll request from buyers in transactions.
Two areas that have raised questions recently center around gift money and personal information requests. Our team at Guarantee Mortgage recently presented an explanation about the issues related to these topics, so I thought I'd share this...
Posted On: Wednesday, February 16, 2011 - 6:00am
Tags: BayView, carroll station, hunters point shipyard | Topics: Buyers and Sellers
Two sales in Bayview caught my eye last week: A single-family home fixer (right) at 919 Ingerson and a condo at 132 Dolphin Court. Sold for $150,000 and $108,000 respectively, the properties joined the ranks of several homes in the area that have sold in the past year for less than $300,000.
Posted On: Monday, February 7, 2011 - 6:00am
Tags: condo conversion, TICs | Topics: Market Statistics
The annual condo conversion lottery took place last week, with more than 2,000 property owners hoping that they'd win the right to convert their tenancy-in-common (TIC) interests to condos. However, under existing regulations, only 200 units were selected for conversion---leaving most owners out in the cold.
Posted On: Thursday, February 3, 2011 - 6:00am
Topics: Buyers and Sellers
When consulting with home sellers, I'm often asked whether it might make sense to, say, remodel a kitchen or bathroom to potentially increase the ultimate selling price. The answer: A profit is possible, but it depends on all the variables involved.

Posted On: Tuesday, February 1, 2011 - 6:00am
Topics: Buyers and Sellers
One of the lesser-known neighborhoods in the west part of San Francisco
is Lakeside. Bordered by Sloat on the north, Junipero Serra on the east,
19th Avenue on the west/south, Lakeside is a slice of a 'hood that's
adjacent to San Francisco State University, Stonestown Galleria, Stern
Grove, and Ingleside/Balboa Terraces.
The homes in Lakeside were constructed from 1936-1950, and the
developers targeted buyers who were professional men (and their
families). The plan for