At the San Francisco Association of Realtors’ 2011 Member Day in December, an economist with a proven track record who predicted the real estate bubble bursting in 2007, predicted that there’s no second dip coming and that 2012 is going to the best year yet in recent history for real estate. Time to get aboard, right? And now, it’s starting to happen!
What’s on the Market? Take a look at what we’re looking at on Tuesday! As you can see, while inventory is relatively low – we’re in need for more listings – good value and opportunity exist!
Take a look: Tues MLS Tour 1-24-12
Sara and Frank Costa, Arterra residents and Vanguard realtors, helped me get my client into an exclusive opportunity on the penthouse level of the LEED-certified and built Arterra Building at 300 Berry Street. I worked with an unrepresented seller and a financially savvy buyer facing a time-crunch where he had to be out of his former home within 4 weeks of signing the sale contract.
In the end, it all worked out perfectly. I used my real estate and lawyering skills to make the deal happen for my time-pressed buyer. The deal closed on time and smoothly.
As you can see, this top-floor unit has spectacular views, a serene setting and upgraded floors and kitchen appliances. C’est Magnufique.
Take a look at our new digs – perfect for those mid-day meetings!
I do love removing contingencies, meeting new clients (buyers and sellers)… just another day! 
Congrats to another happy client who is about to get a new home come the new year!
For real estate agents and buyers in San Francisco deciphering a property’s history and current market status listed with the Multiple Listing Service is about to get easier.
Bringing San Francisco’s listing categories in line with other Bay Area regions, the San Francisco Association of REALTORS announced their MLS system will be adopting a more-detailed effective January.
Previously ambiguous categories of “active contingent” and “withdrawn” will be clarified under the new system by requiring listing agents to provide previously omitted details, which should reduce listing agents taking advantage of any ambiguity so as to how long a property has been on the open market. Changes take place January 4, 2012 and consist of:
Active:
No accepted offer
Act. Cont.-Short Sale:
Accepted offer pending lender approval, additional offers being sought
Act. Cont. – Rel. Clause*:
Accepted offer with a subject to sale seller release clause, additional offers being sought
Act. Cont. – Show*:
Accepted offer with Buyer contingency provisions such as inspections, accepting back-up offers
Act. Cont. – Probate*:
Accepted offer, available to be overbid through the court confirmation process
Pending:
The Seller has accepted an offer and is not soliciting additional offers
Temp. Off Market*:
The listing contract is still valid, but the property is not being actively marketed and there is no accepted offer.
Withdrawn – Cancel*:
The listing agreement has been cancelled
Withdrawn – Duplicate*:
Duplicate listing, property can be found as pending or sold in another category
Expired:
The listing agreement has expired
Sold:
Escrow has closed
*New MLS status as of January 4, 2012.
For more questions as to what this means for you, contact Kevin Ho today.
