Real Estate Insight, Statistics, Gossip, and News – with a Twist and some Flavor

What’s That Saying? Either _____ Or Sell The Pot?

Friday, November 13th, 2009

saniopen

Apparently Mr. Kirkpatrick has failed repeatedly to remove his Open House signs, so our reader sent us this picture in an effort to light a fire under his a$$ (no pun intended).

We’d be willing to bet it works.

[Update: One day later, we're told the signs are gone. Funny how that works...]

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Reader Reports: 1358 Cole Then ($800,000) And Now ($749,000)

Monday, October 19th, 2009

1358cole1
The email:

Editor-

Take a look at this Cole Valley condo. Purchased in April 2005 for $800,000, relisted [11 days ago] for $749,000. No upgrades, no permit history, save for a new roof.

I would prefer to remain anonymous.

Thanks.

Anonymous you shall remain, thankful we shall be to all of the readers, including you, that send in tips.

We’d like to add, when it sold in 2005 for $800,000 it was listed at $749,000. Will history repeat itself? We can only hope.

-1358 Cole Street $800,000 Then

-1358 Cole Street, $749,000 Now

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Reader Reports: Who’s Getting Your Loan Approved And Why?

Tuesday, March 10th, 2009

“San Francisco’s number one closer”:

While you’re at it:

http://abclocal.go.com/kgo/video

Once you are at the link, look for the “7 On Your Side” tab in the Video Library part of the webpage and click it.

You’ll see a picture with the heading “Marketing Ploy Disguised as Government Offer” and a HUGE Mike or Darius. That’s the video – watch it!

What’s the connection you ask?

The Loan Sharkz is a mortgage company that went belly up—Bryco Funding a few years back. It looks like the guy who answers the door [in the ABC local video] looks just like one of the guys who made the “Loan Sharkz” video and starred in it…

Indeed it does, and as always, thanks for the tip!

Anybody can be involved with this site. Send tips, story ideas, content, love (or haight) mail to thefrontsteps@gmail.com.

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Get While The Gettin’s Good: Sell Now Or Forever Hold Your Peace

Tuesday, March 3rd, 2009

We’ve been on a lot of listing presentations lately where the motivation to call us in off the bench has been, in so many words:

We’re thinking we should sell our place now before it gets any worse.

The media (and certain local real estate blogs) are certainly good at creating panic, and Realtor blogs are certainly good at glossing over all the doom and gloom, but what’s really going on? If you’re a buyer, are you really feeling the urge to buy for fear of missing that boat again? More importantly for this thread, if you’re a homeowner and been thinking of moving (within the next 2-3 years), are you getting that feeling? You know, that one you all keep telling us? “We’re worried if we don’t sell now, we might have to wait years.”

Be honest, be anonymous, and please share your thoughts in the comments below. (NOTE: To be totally anonymous, when asked to enter email use, “a@a.com”.)

Thanks! We’re very curious to hear what you have to say.

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Reader Reports: A Walk Up The Hill (Clipper)

Wednesday, January 28th, 2009

We love our readers and we love when they report back to the mother ship. This from “Sophie” who decided to take a walk up the hill (slightly edited for flow, and links added to properties mentioned).

“Restless kids, so-so weather: A great day for a walk uphill!

532B Clipper – TIC – $499,999
This is a great unit in need of work: a simple knock down of all the crap (read “added american closets”) and it’s a great unit. tad bit high price (no parking, problematic deck etc) – but still something to look at.

490-492 clipper – RH2 – $1,300,000 (and 3.5% commission to selling agent), inlaw WITH tenant.
Tiny owner unit, but smart and practical. Work with NO permit! (duh! check the stair railing!) With no parking, the price is a bit high.

682 clipper – SHF – $1,475,000
floor plan is very odd. I dont like at all the top floor (master suite above living), but the lower floor 3 bedrooms are ok, with a great additional lowest level (storage, mudroom, position of laundry etc). I HATE the windows, like you pee in the face of the clipper street drivers. All the windows and window coverings and drapes need a rework/updates (soundproofing, light, sun, heat, views etc). However, a MUCH better deal and a sweeter property than 565 Clipper.

481 clipper – RH2 – $1,800,000
I guess I still hate everything about that one as much as before. However, I find not acceptable to keep that property on the market in the current condition of next door house. Many people walking with us were scared by the construction, and it would have needed a lot of courage to dare going in (I would have, but the wind started to pick up, and I didnt want to scare the kids). Property should either be off market for the 2 months to come, OR not have an open house – and be flagged as such in MLS. For once a property could have some legitimate excuse for having a larger DOM – use it (although this property is a recurring stalefish anyway.)

469 clipper – empty lot. $939,000 [Editor's Note: Careful what you say Sophie...;-) ]
The proposed plan being totally ugly, I have to say that the lot is large, garage access is easy because no parking spot in front and above the house.
Alex – nice talking to Mike. Nice guy. (I still think it’s a tiny bit high. price drop should have been to $899,000 to spark some new interest).
Marketing-wise – I would be scared by buying a lemon – ie: the previous owner bought the lot, spend the money in architect – then DROPPED the plan to build its dream house? WHY? neighbors? If the plan is not approved, then it’s not only worth zero, but it has some negative value as being a “doomed” project. Marketing as a empty lot with no string attached should be considered at this point. OR I’d have someone draw 4-5 projective plans for that lot to show the richness and variety of options. If facade is protected by historic crap, state that in marketing, if not, market as empty lot with 2 garage access. (more…)

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