theFrontSteps – San Francisco

Real Estate, Insight, Statistics, Gossip, & News…With a Twist and Some Flavor

Entries for January, 2009

The Movers: Homes Recently In Contract In San Francisco

There has been some recent talk/discussion on this site and certainly around town and all over the blogosphere about what homes, if any, have actually received offers. We thought we’d shed some light on the matter. Below is a jpeg of the pdf we have attached to this post for the properties that have either [...]

Starting Off 2009 With A Bang…Or Not

You might be wondering what’s up with the lack of new content on the site since 2009 began. We’ll just say we’re not only busy with the biz of real estate, but also working on some things that could change tFS for the foreseeable future (in a good way…hopefully). Please bear with us and continue [...]

One Partner In A TIC Defaults, The Other Paid Cash: What Happens

Pulled from the intertubes: “Does anyone have experience with a client who bought into a 2 unit TIC and paid all cash and the partner had a loan? In particular, what type of legal protection did they get in case of loan default by the mortgaged TIC partner. Answers ========================= It should be covered under [...]

Open House Traffic Only Visited By Those Sensing Foreclosure

Making a long story short: We had lunch recently with an individual that has a very real interest in today’s San Francisco real estate market (he’s selling a home, but no he’s not our client). We talked about the kids, we talked about the weather, then of course the inevitable “how’s the market”. After getting [...]

The Appraisal Conundrum

With the recent dip in interest rates many homeowners are rushing to refinance only to come upon a very large obstacle, appraised values of their homes are coming in low…very low. The biggest reason being that there are not enough comparable property sales in the past 3 months to set lenders nerves at ease. Perhaps [...]

The Data, Quotes, And Fine Print On San Francisco’s Foreclosure Activity

Some clarification on the median price drop and the value of your home: Every Bay Area county experienced double-digit declines in the median price. The annual drops for existing homes ranged from 11.8 percent in San Francisco to 48.4 percent in Contra Costa County. The median marks the point at which half the homes sold [...]

Linked:

-Amazing Goals by Ronaldo [YouTube] -Stinson: Where life is no longer such a beach [On The Block] -Salt Lake City, Utah is Fittest City [Men's Health]

Cause Celeb: “The Monty” Drops Prices, Offers Dim Sum

Did we miss something? Has the Montgomery always been referred to as “the Monty”? And what’s up with Realtors’ ability to take any holiday and spin it into a reason to buy a piece of property? The email subject: “The Monty celebrates Chinese New Year with New Pricing”. Clarification or lessons in history are appreciated…and [...]

“Arts and Crafts” house in Noe Valley

I started reading this listing for this 2 br 1 ba 998K 1252 feet per tax records listing, and I saw “arts and crafts.” Suddenly and I was like when a cartoon character does a triple take. You know that “uddity uddity uditty” sound accompanied by Fred Flintstone or Porky Pig or equivalent jerking his [...]

It Was A Great Day For The Beach, But Rain Forecast (1531 Beach)

Originally listed for $1,550,000 in May of 2008, 1531 Beach, a 2 bed, 2 bath, in the Marina, has returned (again) but this time for $100,000 less, now asking $1,450,000. Nothing’s changed but the price, and the weather (literally and figuratively). Opportunity knocking? -1531 Beach, 2 bed, 2 bath, $1,450,000 [sfnewsletter listing detail]