Some people call them offer cover letters, while others use the more endearing term “Dear Seller” letters. It’s a letter (or email) that accompanies an offer, where the buyer attempts to summarize why their offer is awesome. I have been using it on all of my offers since I started in real estate, but it has grown in popularity in today’s competitive market. Here are the components of a good “Dear Seller” letter. [Read more…]
Numbers Don’t Lie: March 2013 Home Stats For Peninsula & San Francisco
* Single Family Residential Sales Stats For San Francisco & Peninsula Cities. [Read more…]
MPR Infographic: Home Buying Process
We love infographics here at MPR. Actually, who doesn’t love infograpics. Our crack marketing department decide to take a stab at our very own. Here’s a graphical representation of the home buying process. The steps may be a little different in various part of the country. However, it provides a nice, general flow of the process. We would love your feedback!
Requirements For a Condo To Be FHA Approved
I hate it when my condo buying clients send me a listing they are interested in, and I have to tell them we can’t look at it because that particular complex is not FHA approved. Breaks my heart. It’s good for potential condo buyers to get an understanding on what the basic requirements are for a condo complex to be FHA approved. [Read more…]
When Do I Have To Actually Spend Money During The Home Buying Process?
Most people have a general idea on the expenses associated with buying a home. However, they have no clue on when they are going to have to actually “dish” out the money. Let’s lay it out. [Read more…]
What Is Included In Your Offer To Buy A House?
You’ve found a property that you really love and are excited about. It’s time to put your best foot forward and submit an offer. Here are the elements that go into your offer package. [Read more…]
Should You Make An Offer On A Property Without Ever Seeing The Inside?
As of the initial writing of this post (Spring 2013), the housing market in the San Francisco Bay Area can be summed up in one word… “BANANAS”! There is a real shortage of available homes for sale. The problem is there isn’t a shortage of buyers looking for homes. [Read more…]
Defined: Comparable Sales or “Comps”
Essentially, they are recent sales of nearby homes that are similar to the property you are interested in buying. Comps are a commonly used tool to help determine a fair value for a property. [Read more…]
Should You Buy A Home That Is Tenant Occupied In San Francisco?
The San Francisco housing market has, and will always be a somewhat tenacious beast. Often times you have competing interests that create an overly complicated environment. Case in point, the immensely complicated world of tenant’s rights laws in San Francisco. [Read more…]
Defined: What is a FHA Loan?
A mortgage issued by federally qualified lenders and insured by the Federal Housing Administration (FHA). [Read more…]