Recently, a friend introduced me to a young buyer who had been searching for a home for over two years. She had written loads of unsuccessful offers on San Francisco properties and invested so much time chasing the market up, up, up.
I’ve debunked a lot of misconceptions in the course of working with umpteen homebuyers and conducting 50+ how-to-buy-a-home seminars. Commonly held real estate myths can cost you money, and the home you have your heart set on. Here are five of the biggies.
Have you ever lost a Bay Area home because someone swooped in with an all cash offer? Hard to top that — but you can. Welcome to the new world of the post approval letter.
Recently, I was consulted on the sale of a beautiful home in trust on 25th Avenue in San Francisco. The home was bursting with more than 40 years of accumulated furniture, antiques, Asian art and memorabilia.
When the trust attorney came to me, the Marinwood neighborhood house had been vacant and untouched for two years. The property, in the coveted Dixie school district, belonged to the same family for 60 years but hadn’t been maintained.
I often hit a snag when the seller and attorney have trouble visualizing how cosmetic upgrades will dramatically transform the home. So they balk, complain or refuse to pay for them. But results are convincing.