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 … [Continue reading]
Numbers Don’t Lie: March 2013 Home Stats For Peninsula & San Francisco
* Single Family Residential Sales Stats For San Francisco & Peninsula Cities. … [Continue reading]
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 … [Continue reading]
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 … [Continue reading]
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. … [Continue reading]
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. … [Continue reading]
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 … [Continue reading]
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. … [Continue reading]
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 … [Continue reading]
Defined: What is a FHA Loan?
A mortgage issued by federally qualified lenders and insured by the Federal Housing Administration (FHA). … [Continue reading]