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As the market shifts and changes, I am starting to see more of a silver lining. Your property may be eligible for a reduction in your property tax. The Assessor’s office is accepting “Requests for Informal Review of Assessed Value” through August 28, 2009.  You may also submit a request for a formal appeal with the Assessment Appeals Board. See below link.

The filing period is between July 2nd – September 15th, 2009. If your appeal is approved by the assessor’s office, you could benefit from the tax reduction for the period of July 1, 2009-June 30th, 2010. You will need sales comparables to support your claims.  Let me know if I can be of assistance!

San Francisco property tax appeal information

Jenn Davis

jdavis@mcguire.com

San Francisco Painted Ladies

San Francisco Painted Ladies

I have been working with a buyer for the past 6 months who wants to upgrade from a condo to a single family home. We all are aware the market has softened and the time is right to make a move.

My client finally found the home of her dreams last month but felt the market had not hit bottom and wanted to wait things out. See if the Sellers would drop their price. Sure enough, another buyer thought this home was their dream home too and made an offer that was accepted immediately. Surprised and disappointed, my client continued her search.

The next dream home surfaced just a week later. The listing agent set an ‘offer date’! (what year is this – 2005?) and would not entertain offers until there had been 2 Sunday open houses. The offer date arrived. Three offers (including ours) were presented. The offer that was accepted was head and shoulders above our offer. The Sellers didn’t even bother to issue a counter. The belief was it is best to accept the top offer than to take their chances in issuing a counter (what if the buyer went away? they felt).

I’ve also seen two fixer single family homes go into contract in under 10 days.

I know we are in a softer market. But it is not a market that can be generalized. The nicer properties, priced well, will go alarmingly fast. My perspective is why wait? If you see a property that fits your needs, write your best offer now. Many times, the first offer in is the best offer. Sellers know that. But even if a Seller does not know that, an agent representing you knows that. Just my 2 cents.

Jenn Davis jdavis@mcguire.com

A San Francisco property received 42 offers…others went into contract immediately. There are some great properties out there and great loan rates. The Infinity is selling an average of a property a day…what’s going on? Is this the rebound?

http://cbs5.com/video/?id=47401@kpix.dayport.com 

Email me, Jenn Davis,  for more information jdavis@mcguire.com

Some beautiful homes keep coming on the market! Be sure to see 145 Mallorca, a 3500 s.f. 4 bedroom, 4 bath home in the Marina! How rare to have all that space. This is a fully detached Spanish Mediterranean home listed for $2.995,000. Email me for more info jdavis@mcguire.com

The next hot property this week is a condo at 3553 Divisadero @ North Point. 3 bedrooms, 2.5 baths on two levels! Hey, and 2 car parking to boot! This dynamite deal is listed for $1,,275,000. I’ve got the details! jdavis@mcguire.com

Finally, in Pacific Heights there is a great 2 bedroom, 1.5 bath condo located at 256 Presidio at Clay. It is one of (or if not the only) condo in the building with deeded outdoor garden. Listed for $789,000.

Deals to be had! jdavis@mcguire.com

Jackie Speier is doing a great job trying to help Bay Area homeowners. In her words,  “I’ve drafted an amendment so that rather than being limited to whether the loan was conforming at time of origination, it will be based on (whether it’s conforming at) the time of (modification), which will take the limit up to $729,750 in high-cost areas. This should make more people in the Bay Area eligible.”

The Chronicle article  states that Pelosi supports the bill and it is expected to pass the House.  Some much needed relief!

jdavis@mcguire.com

www.jenndavis.com

The buying opportunities abound in San Francisco and condo shopping sprees are on the rise! This month, a tour of 40 executives from China will be ascending San Francisco, Boston, New York and Los Angeles in search of a sweet deal.  I’d bet this is the first of many trips.  Is this the sign of things to come? Does this mean we are at the bottom and the market is about to move up?

Avram Goldman, CEO of Pacific Union, posts recently that things are getting better all the time. I still hear about multiple offers on well priced homes. That is the key, a realistic seller and a motivated buyer. This market will flesh them out.

Buyers out there, keep looking seriously.  We won’t be in this market forever.

www.jenndavis.com

jdavis@mcguire.com

299 Santa Paula

299 Santa Paula

Hot Properties for this week, February 10th, 2009

Starting with St. Francis Wood… 

 
 

 

Check out this Mediterrean Villa at 299 Santa Paula! A gorgeous 5Br, 5.5BA, 4 car garage home listed for $5,900,000! This is one of the more stunning homes in San Francisco. You gotta see it!

521 Hill Street

521 Hill Street

 Let’s move to

 
 

 

Noe Valley….521 Hill Street is a well priced 3BR, 2BA Marina style home located on a very desirable block in Noe Valley.  It comes with a lovely south facing yard…great light! At $1,399,000 this is a great deal.

More questions or just curious? Email me…

jdavis@mcguire.com

www.jenndavis.com

Golden Gate Bridge

Golden Gate Bridge

Check out this Gold Coast home located at 2712 Broadway at Divisadero! This is a lovely 7BR, 5BA home is listed for $7,750,000.  It has spectacular views, grand scale, beautiful rooms, elevator, garden, 2 car parking.  Best of all it was reduced from $9,495,000. This is a stellar home.

 Another home on the list this week is 3355 Pacific @ Walnut. This home is located on the Presidio ‘wall’, a very desirable location.  This has stellar views of the Golden Gate Bridge and the Bay, gorgeous rooms for entertaining, 6BR, 7.75 BA, 2 car garage, elevator – beautiful!  How high will this one go? It is listed for $8,900,000.

The next impressive home is in the Marina at 2646 Chestnut @ Lyon. Timeless updates, 3BR, 2.5BA, FIVE car garage! You can enjoy views of Alcatraz and the Golden Gate Bridge from the top floor of this 3 story home. Listed for $2,700,000.

Buy these homes…you will help the economy recover!

jdavis@mcguire.com

www.jenndavis.com

Green Solar Panel

Green Solar Panel

Here is some great news! The renewable energy industry grew 3 times as fast as the US economy according to a recent article in Living Green Magazine.  This translates to an estimated 37M green collar jobs by 2030 with the hot sectors being solar thermal, photovoltaic, biodiesel, and ethanol.

Interesting to note, Germany is way ahead of the US in terms of its renewable energy jobs. It also produces more….half of the wind rotors and one-thrid of the solar panels in the world.  The US runs the risk of losing valuable ground if it does not invest in renewable energy. Take a read through the article…form your own opinion!

www.jenndavis.com

jdavis@mcgurie.com

Marina Homes

Marina Homes

The Marina is one of the more beautiful areas in San Francisco with outstanding views of the Bay. The sales in 2008 supported the desirability of this area.

Sale #1: 767 Marina Boulevard @ Baker. This panoramic view home has 4BR, 3.5BA, 3 fireplaces, decks, skylights and has been extensively renovated. It was listed for $4,950,000 and closed for $4,700,000 after 54 days on the market.

Sale #2: 2427 Bay St @ Baker/Lyon. This is a Mediterranean view home with views of the Palace of Fine Arts. It has 4BR, 3.5BA, and was listed for $3,995,000. It closed on 8/28/08 for and even $4,000,000. Rapid fire marketing period, only 9 days!

Sale #3:  455 Marina Boulevard @ Scott a 3BR, 3.5BA view home.  It sold for $3,900,000 after being marketed for 54 days. The original list price was $3,950,000.

Sale #4:  2015  Jefferson @ Baker. A lovely 4 level home with 4BR and 4BA.  This home came on the market in early January and sold in just 22 days for $3,400,000 off the original list price of $3,500,000.

Sale #5:  827 Marina Boulevard @ Baker. You had to move quick to purchase this home as it sold in 6 days! 4BR, 4.5BA, views of Marin and Alcatraz, why would you wait? It was listed and sold for $2,995,000.

Want to know more? Contact me.  2009 should prove to have very interesting tales of sales.

This information was gathered from the SFAR MLS.

www.jenndavis.com

jdavis@mcguire.com

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