Most people will view a home purchase as place where you’ll live. Whether a bathroom is en suite (directly adjacent to) a bedroom is more of a concern than whether you’re maximizing a given multiplier effect. Of course home buying is about the fun of the chase, discovery and victory. You get to learn about the City in which you live (or want to live) and get a glimpse of how people live (or how they strive to live).
But look at a property purchase like you would look at a stock, baseball card, precious metal — i.e., as a commodity and the financing of it. Like any other good investment asset, most real estate allows you to build equity and to build wealth proactively by putting your money to use fully as opposed to simply paying rent. In a city like ours where finite land has been developed maturely, where public policy pressures the marketplace this making new development and/or redevelopment i cost-prohibitive if not bureaucratically challenging, real estate is naturally positioned to appreciate.
Buying makes even more sense if you can hold property for some years either as an investment property or because you’re simply not paying rent. Historically low mortgage interest rates make the prospect even better because having a fixed interest rate at 3.5% or 4.5% will mean you’re paying more principal down faster thereby earning you more money.
San Francisco’s property market has been up, down and all around but the trend always positive. Knowing how to sort out skews, distortions and missed bargains out there is my job. This is all the more reason to work with a skilled professional like me.
A quick note on commissions: Remember, as a buyer, you never pay your agent directly. Nor do we agents get paid until we actually close a transaction. If the escrow falls apart no one gets paid at all!
— Dana and Drew
Buyers, UCSF Medical Student & Intel Chip Design Engineer (Miraloma Park)
— Brian W.
Google & uber
Buyer, Hayes Valley
—Kevin+Jonathan (and Raffi)
Retired Music Professor, Stanford University, Buyer (Upper Market)
— Gregg O.
Water Engineer, San Francisco Power Water Sewer, Buyer & Homeowner (Golden Gate Heights)
Take a look at how us realtors organize the City on the Multiple Listing Service (MLS) – which is the clearinghouse that is the most commonly used database where current properties for sale are listed and where past sales information is retained.
Ten large geographic ‘districts‘ comprise the MLS Districts; within each are a number of smaller subdistricts. So, when we speak of “District 9” we’re referring to SoMa and South among others. And when we say “5J”, we’re talking Duboce Triangle only. Keep mind these districts are different than city supervisor ones. All the districts have their own character, Districts 1 and 2 tend to be foggier as they’re closer to the ocean and Districts 5, 6 and 9 tend to be the sunnier ones in the City for example.
Fog in San Francisco is not like the fog you grew up with or that you see on TV that comes from heat and humidity that is more stagnant. San Francisco’s fog is instead wind-driven, cool (if not cold) and predictable. The fog here is caused by unequal heating of the Earth’s surface. The inland areas of the East Bay heat up from the sun and that hot land interacts with the cool ocean air. The difference between in humidity and temperature tries to equalize and are focused through the Golden Gate of all places and the moisture-laden air condenses into (you guessed it) fog! The fog can lead to nearly 40-degree temperature differences between the beach and inland locations. It certainly impacts desirability of property and resulting land values.
There are still plenty of old school agents and clients in San Francisco. Why does this matter? Well, unlike agents who are plugged in 24/7 many of these agents tend to bring their listings on only at certain times of the year based on the calendar if they have their way. These times coincide with the Super Bowl (no, really), the 4th of July, Labor Day and Christmas. The idea that people have other things to do on Sundays until they don’t. Knowing when and how to debut is my job and profession and is something I will collaborate with you and your needs.
— Adam & Amy
Creative Director, Goodby, Silverstein & Partners & Chef
Buyers, Mission Dolores
— Taylor & Carolyn
Startup & Attorney
Buyers, Glen park