"Maybe a mortgage broker will come on site and answer this but most of the particpants are real estate agents. "
----
I did answer. The conforming limit in Contra Costa is $625,500. To purchase a 1.2 million property with 10% down will require a pledged asset (or similar) program since no one will provide mortgage insurance above conforming limits and would be required at 90% LTV.... more
"Thanks Greg,
But I spoke with a mortgage broker who sits in my office and he can get a better rate from a lender with more down. Maybe this forum is not for bashing others opinions. I'm glad you have access to every lender."
----
Matthew, I am not bashing anyone, I am merely clarifying what are well published conforming guidelines. I don't need "every lender" to know and understand what is a well known Fannie Mae / Freddie Mac fact. If you have a lender that offers better rates @ 70% LTV than at 75% LTV it's NOT a conforming lender and thus will have higher rates anyway.
Thank you.... more
There is a wonderful SF City sponsored program to help make your home more energy efficient
with more than half the cost paid for by this limited time program that will help fund whatever your home needs for energy efficiency.
I have written a blog about it titled: Get Comfortable with Energy Savings! Rebates of up to $7000 or more to improve your SF Home's Energy Efficiency - apply now as program will end soon.
(Look for Helen Yuen's blog & call me to get a extra $500 additional credit towards this great opportunity to upgrade your home).
You will come out a winner because it will have cleaner air, use less energy and have a greater home value. Program phone: (415) 355-3769
Helen Yuen, Land & Property Investments, Inc helenyuen@lpirealtor.com (415) 469-0577
Find out how much is your property worth * Buy * Sell * Pre-qaulify... more
Tania is right. In fact that also includes the type of brackets you use to hold the piping in place. I heard of a house in the bay area blowing up when the homeowner replaced the copper bracket with a galvanized one on the gas line in the subfloor. (They did probably save 50 cents because the copper ones do costs more though.) The electrolysis ate a pinhole in the copper pipe and the subfloor filled-up with gas; add a spark and kaboom!... more
Your typical carrying costs are property taxes (they run about 1.18% annually), your mortgage, HOA dues (if any), insurance, and any funds you wish to set aside for maintenance and such.
If this is an income property, then you also need to figure an occupancy factor (usually 95%), rental ad costs and management fees (if any). I would also bump up the maintenance costs.
Oggi Kashi - 415.690.3792 direct
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted.... more
The Social Study on Geary at Fillmore is pretty cool, and Yoshi's is always fun if you want a lounge environment. The original Little Star Pizza on Divis is still packed after many years, and Bar Crudo on Divis is great as well.... more
In San Francisco, there are two seperate and unique things: 1. Rent control and 2: Eviction control (they are different and not the same).
Landlords can evict only if it falls under the just cause provisions of 37.9 (the local laws).
You can attempt an eviction of your roommates if you had them sign a provision 6.15 which states that they are not on the lease and understands that they are only roommates and nothing more.
Realtors are not attorneys and cannot and will not give legal advice; but as some experienced in this situation, landlords and tenants should always get practical (not legal) advice from a realtor specialist who is experienced in this area.
I am experienced in this area, but unfortunately, I only represent owners in the sale and purchase of these buildings.
I suggest that you seek advice from an attorney or another professional who can help you.
Good luck.... more
Is buying a house worth it in San Francisco?With rents drastically increasing, is it now a better time to buy in SF? What are some hidden costs associated with buying and renting?
Ethan,
San Franicsco is a densely populated city where many properties aside from hi-rises offer views. Most hi-rises in the city are east of Van Ness Avenue and south of Market. As neighborhood is of concern to you, it all depends on what exactly you are seeking in a neighborhood and the kind of lifestyle that appeals to you. In order to best answer your question - rather than just spit out names of buildings and neighborhoods, please provide more detail about these items. Feel free to call me at 415-200-7202.... more
Hi,
good comments below...my website has a link to a local mortgage broker that can help you with your loan needs, give them a try. Make sure you get loan pre-approved not just pre-qualified, find out the difference on this blog post
http://americarealtyonline.com/RealtorWebPage?custompage_id=1547137122
Good luck!
Buyer Cash Rebate 50%-60% / Seller Commission Discount 50%
Quality Full Service! Work directly with the Broker.
Flavio Tejada, Owner/Broker, Realtor, MBA-Finance
(415)305-2958... more