san francisco real estate
San Francisco is the fourth largest city in California and is the focal point of the San Francisco Bay Area. The city forms a huge area of the San Jose-San Francisco-Oakland combined area. When compared o the other big cities in the U.S. San Francisco has its own unique characteristics. You can see houses of both Victorian style and modern skyscrapers. The beauty of the surrounding areas is unmatched and you can enjoy some of the best scenes of Pacific Ocean and San Francisco Bay. If you are thinking of investing in real estate in San Francisco then this is the right time. You can get some of the best deals. Let us see the latest market condition of San Francisco area.
The San Francisco real estate market
The San Francisco real estate market is warming up and you can think about some rally good real estate investment. The inventory is increasing and you can find homes for sale in almost all the neighborhoods. By far it is being considered as one of the hottest real estate markets. The interest rates are good and you can easily take a 30-year fixed mortgage at 6.81%, and five-one ARMs at an average 6.48%. The house prices in San Francisco have set a new high. The home sales have gone up to 233 and the median price of the houses is estimated at $976,000. The average price of the houses is priced at $1,330,539 and the houses are seeing only 37 days in the market.
The median price for single-family homes was estimated at $920,000 and the sales went up to 295 in the month of May 2007. The median sale price for condos, lofts & coops was estimated at $769,000 and the sales went up to 253 in May 2007. All this is indicating that the San Francisco real estate market is strong and you can make some good deals. The buyers and investors are coming back slowly to the market and the market is picking up fast. If you want to make a good deal on the San Francisco real estate market then you should take the help of a real estate agent.
Hiring a real estate agent in San Francisco
Before you hire a real estate agent in San Francisco you should make sure that the agent has the following qualities:
The agent whom you hire should be licensed to practice in California and the license should be valid He or she should be taking some sort of continuing education programs in real estate laws and related subjects The agent should be aware of the real estate laws in California and how the dealings are carried out. If you are a buyer then you should make sure that your real estate agent should be a buyer's agent so that you are assured that the agent is not trying to get rid of some property or charging you a higher price The agent should have experience in dealing with the San Francisco real estate and should be knowledgeable about the area and the price range in different areas The agent should work according to your choice and also should understand your preferences The real estate agent should listen to you and not act on his or her suggestions.
Before making any real estate deal it is important that you first assess your financial condition and whether you would be able to afford the deal. In case you are opting for a mortgage loan then it is advised that you first get a pre-approval from the mortgage lender then go ahead on your hunt for your real estate transaction.
When you hire a real estate agent then it is your responsibility to inform him or her about the amount that you are ready to invest and about your priorities in terms of the type of house that you are looking for and the size and number of bedrooms and baths. It is important that you specify these things in the beginning so that the real estate agent can work according to your preferences.
Real estate agents San Francisco
When you look for real estate agents in San Francisco you can find a number of agents. Some of the agents functioning in San Francisco are mentioned below.
Zephyr Real Estate:
They specialize in the Bay Area real estate dealings. They take care of
both buying and selling of real estate and are located at different
locations in San Francisco. You can contact them at
Noe Valley
4040 24th Street
San Francisco, CA 94114
415.695.7707
Fax: 415.695.1106
Pacific Heights
2523 California Street
San Francisco, CA 94115
415.674.6500
Fax: 415.674.6610
Potrero Hill
1542 20th Street
San Francisco, CA 94107
415.315.0105
Fax: 415.824.6200
South Beach/SOMA
318 Brannan Street
San Francisco, CA 94107
415.905.0250
Fax: 415.905.0140
Upper Market
4200 17th Street
San Francisco, CA 94114
415.552.9500
Fax: 415.552.9912
West of Twin Peaks
215 West Portal Avenue
San Francisco, CA 94127
415.731.5000
Fax: 415.731.5015
Barbagelata:
They have more than 50 years of experience in dealing with real estate
in San Francisco and neighboring areas. You can contact them at 45 West
Portal Avenue; San Francisco; CA 94127; office. 415.566.1112;
toll-free: 888.988.4663
Bernal Hill Realty:
They specialize in dealing with Bernal Hill real estate in San
Francisco. They have helped a number of clients in getting the best
deal on real estate. You can contact them at 178 Andover Street, San
Francisco, CA 94110; phone: (415) 206-1300; Email: info@BernalHill.com.
Meredith Martin:
They deal with buying and selling of real estate in San Francisco Bay
Area. they have helped a number of clients in getting the best deal.
You can contact them at Meredith Martin; Paragon Real Estate Group;
1160 Battery Street; San Francisco, CA 94111; 415.738.7067 direct;
415.738.7167 fax; e-mail: mm@meredithmartin.com.
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