For $3,000 per month, this wonderful corner unit located in the heart of downtown can be yours!
Get ready to fall in love with this bright and fun 1Br/1Ba + office at the One Hawthorne. Built in 2010, this coveted corner unit is characterized by a spacious open floor plan, floor to ceiling windows on two sides, lots of wall space for art, and stylish wood floors throughout. Enjoy cooking and entertaining in a sleek open kitchen with high-end Bosch stainless steel appliances, including gas range, handsome gray quartz counters with breakfast bar, and Studio Becker soft close cabinetry. There is a spacious bedroom, large bathroom, in-unit washer dryer, and additional den space that could be used as a home office or child’s play area. One Hawthorne is a well maintained building with great amenities, including 24-hour staffed lobby, valet parking and on-site management. Offering a fitness center with cooling deck, bicycle storage, and impressive roof deck that has a deluxe barbecue, dining and lounge areas. Close to wonderful cafes, shopping, theaters and nightlife easily. Enjoy living in the center of the city near the new SF MOMA, Metreon and Yerba Buena for the Arts. Close to BART, MUNI and freeways.
The real estate market, specifically focusing with condos, tic, and co-ops for February continues to be hot. In the past few months, the market has seen much increased activity with the number of pending and sold sales. If you are considering buying or selling your condo or home, there is no better time than now! Feel free to reach out to discuss the current market, or for any advice!
Today’s homebuyers are faced with a strong seller’s market, which means there are a lot of active buyers competing for a relatively low number of homes and condos available. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Here are five tips for success in this critical stage of the homebuying process.
Listen to your Real Estate Advisor
An Article from Freddie Mac gives direction on making an offer on a home. From the start, it emphasizes how trusted professionals can help you stay focused on the most important things, especially at times when this process can get emotional for buyers:
“Remember to let your homebuying team guide you on your journey, not your emotions. Their support and expertise will keep you from compromising on your must- haves and future financial stability.”
2. Understand Your Finances
Having a complete understanding of your budget and how much house you can afford is essential. The best way to know this is to get pre-approved for a loan early in the homebuying process. Only 44% of today’s prospective homebuyers are planning to apply for pre-approcal, so be sure to take this step so you stand out from the crowd. Doing so make it clear to sellers you’re a serious and qualified buyer, and it can give you a competitive edge in a bidding war.
3. Be Prepared to Move Quickly
According to the latest Realtors Confidence Index from the National Association of Realtors (NAR), the average property sold today receives 3.7 offers and is on the market for just 21 days. These are both results of today’s competitive market, showing how important it is to stay agile and alert in your search. As soon as you find the right home for your needs, be prepared to submit an offer as quickly as possible.
4. Make a Fair Offer
It’s only natural to want the best deal you can get on a home. However, Freddie Mac also warns that submitting an offer that’s too low can be lead sellers to doubt how serious you are as a buyer. Don’t make an offer that will be tossed out as soon as it is received. The expertise your agent brings to this part of the process will help you stay competitive: “Your agent will work with you to make an informed offer based on the market value of the home, the condition of the home and recent home sales prices in the area.”
5. Stay Flexible in Negotiations
After submitting an offer, the seller may accept it, reject it, or counter it with their own changes. In a competitive market, it’s important to stay nimble throughout the negotiation process. You can strengthen your position with an offer that includes flexible move-in dates, a higher prices, or minimals contingencies (conditions you set that the seller must meet for the purchase to be finalized) Freddie Mac explains that there, are, however certain contingencies you don’t want to forego: “Resist the temptation to waive the inspection contingency, especially in a hot market or if the home is being sold as-is which means the seller won’t pay for repairs. Without an inspection contingency, you could be stuck with a contract on a house you can’t afford to fix.”
Bottom Line: Today’s competitive market makes it more important than ever to make a strong offer on a home. Let’s connect to make sure you rise to the top along the way.
Located in the heart of the vibrant Yerba Buena, this sunny one bedroom corner unit enjoys a rare floor plan and expansive windows that capture views of downtown and bring the space to life. Filled with natural light and high up on the 10th floor facing historic New Montgomery Street, the home features glistening hardwood floors and a flexible open floor plan, ideal for living, working, and entertaining (post covid). The kitchen seamlessly flows into the living and dining space, with handsome wood cabinets, lots of granite counters space along with breakfast bar, stainless steel appliances, and views of downtown. The bedroom has its own set of windows and a large walk in closet great for storage. A large bathroom, in unit washer and dryer as well as parking make the home all that more comfortable. Building amenities include a 24 hour front desk attendant, incredible Roof deck with wrap around views, barbecue and lounge area. Constant activity and entertainment surrounds the building including Michelin rated restaurants, museums and shopping. Near the Financial District, Union Square, Embarcadero. Easy access to Muni, Bart, and highways.
Experience luxury highrises condo living at its finest on the 18th floor of the exquisite urban-modern Metropolitan. This 1 BR 1 BA condo offers a flexible live/work space in the heart of San Francisco. The floor to ceiling windows invite in an abundanc of natural light filling the open space and bedroom. The expansive chef’s kitchen features state of the art stainless steel appliances, granite countertops and opens to the living space, wonderful for cooking and entertaining post COVID. The upgraded condo has gorgeous bamboo floors throughout, freshly painted walls, in unit washer and dryer as well as storage and a coveted parking space. The unit is located in the luxurious Metropolitan with an abundance of wonderful amenities including a 24 Hour Doorman, movie theater, indoor pool, huge gym, business center, conference room, bike parking, and concierge services. Not to forget, the prime lotion of the unit in the heart of south beach, this condo is in walking distance to world class restaurants, the Embarcadero, the Ferry Building, Financial District, Union Square, AT&T Park, and CalTrain.
Serif, a chic, urban condo residence has been making much construction progress!
Located in Mid- Market, 950 Market Street, San Francisco, this 12 story new construction is working to create a space that is more than just your home, but also your lifestyle combining theater, art, retail, dining, and nightlife in a up and coming dynamic area in the city.
Here are a few updates:
Mockups of the interior finishes and fixtures are in progress including countertops, cabinetry, some appliances, bathroom tile, shower enclosures, plumbing fixtures, and door hardware.
Cabinets are being installed in homes on the 3rd floor.
The final construction hoist will be removed and exterior paneling completed in February.
The framing of the lobby has begun and the Market St. entry structural steel is installed.
The structural steel of the rooftop solarium is in place and undergoing fireproofing and painting.
Come Spring, the sales gallery will be ready to view and explore.
Looking for a new Condo Space to call yours? Look no further because 2875 21st Street could be the home for you! With an open floor plan, expansive kitchen, and large private patio space, this condo is not to be missed.
This urban chic live/work loft is not to be missed. The soaring 16’ ceilings create voluminous spaces for a gracious living room, dining room, home office, Peloton, and many other flexible uses. The open floor plan flows from a generous kitchen with exposed wood beams and slate tile flooring to the great room warmed by refinished wood flooring and full height windows that showcase the amazing sunlight the Mission District has to offer and the enormous private patio that is perfect for outdoor dining and lounging. The year-round climate creates the opportunity to substantially extend your living space with indoor-outdoor living. Located amidst all that the Mission has to offer, this home is just blocks from Flour + Water, Gus’ Market, Farmhouse Kitchen, Sightglass Coffee, Mission Cliffs Climbing Gym, ODC Theater and much more. Easy access to Mission Street BART or several Muni lines, including a short ride on the 48 to CalTrain.
1. How Can I Better Understand the Process, and How Much Can I Afford?
The process of buying a home is not one to enter into lightly. You need to decide on key things like how long you plan on living in an area, school districts you prefer, what kind of commute works for you, and how much you can afford to spend.
Keep in mind, before you start the process to purchase a home, you’ll also need to apply for a mortgage. Lenders will evaluate several factors connected to your financial track record, one of which is your credit history. They’ll want to see how well you’ve been able to minimize past debts, so make sure you’ve been paying your student loans, credit cards, and car loans on time. If your financial situation has changed recently, be sure to discuss that with your lender as well. Most agents have loan officers they trust and will provide referrals for you.
2. How Much Do I Need for a Down Payment?
In addition to knowing how much you can afford on a monthly mortgage payment, understanding how much you’ll need for a down payment is another critical step. Thankfully, there are many different options and resources in the market to potentially reduce the amount you may think you need to put down.
If you’re concerned about saving for a down payment, start small and be consistent. A little bit each month goes a long way. Jumpstart your savings by automatically adding a portion of your monthly paycheck into a separate savings account or house fund. AmericaSaves.orgsays:
3. Saving Takes Time: Practice Living on a Budget
As tempting as it is to pass the extra time you may be spending at home these days with a little retail therapy, putting that extra money toward your down payment will help accelerate your path to homeownership. It’s the little things that count, so start trying to live on a slightly tighter budget if you aren’t doing so already. A budget will allow you to save more for your down payment and help you pay down other debts to improve your credit score.
A survey of millennial spending shows, “68% reported that shelter in place orders helped them save for their down payment.” Danielle Hale, Chief Economist at realtor.com, also notes:
“If there is any silver lining to the current economic landscape, it’s that mortgage rates are hanging around record lows…Additionally, shelter-in-place orders helped many who were fortunate enough to keep their jobs save for a down payment — one of the largest hurdles of buying a home. The combination of low rates and the opportunity to save is enabling many millennials to move up their home buying timeline.”
While you don’t need to cut all of the extras out of your current lifestyle, making smarter choices and limiting your spending in areas where you can slim down will make a big difference.
If homeownership is on your dream list this year, take a good look at what you can prioritize to help you get there. To determine the steps you should take to start the process, let’s connect today.