Investing/Buying

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Coldwell Banker | Global Luxury

Investing In Property: San Francisco Edition

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A Comparison of the Average $ per Sq. Ft. Between Major Cities  2020

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Median Price for a Home in San Francisco 2000-2020

Why Is San Francisco Still Worth It Today?

Why Is San Francisco Still Worth It Today?

San Francisco Headlines: What the Media Shows

 

San Francisco

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Reality: The Current Market

More demand than product:

  • Ongoing inventory shortage
  • Bidding wars

The SF job market is vast:

  • Stock market boom during pandemic
  • Back to the office
  • Consistent job creation
  • Exodus created by media did not actually happen

More demand than product:

  • Ongoing inventory shortage
  • Bidding wars
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Profit From an Investment in a San Francisco Bay Area home is Higher than Elsewhere

Benefits:

  • Location, Location, Location
  • The beautiful California weather
  • The proximity of the water and beaches
  • The proximity of the mountains and skiing
  • #1 Business Center (The Silicon Valley, Biotech)
  • Safe area for families
  • Attractive area for entrepreneurs

Investment Road Map

Financial Preparation

Financial Preparation

Research and Analysis

Research and Analysis

Property Selection

Property Selection

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Financial Preparation

• Understand Your Budget

• Talk to a Couple of Banks

• Get Pre-Approved

• Compare Rates & Terms from a Few Banks

• How Much Cash for a Down Payment?

• Appraisal Process

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Research & Analysis

• Visit, Visit, Visit!

• Be Prepared: The San Francisco market has been expensive!

• Contemplate your Competitive Advantages:

  1. Are you willing to take a risk?
  2. Are you willing to take on a small construction project such as remodeling a bedroom or bathroom?
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Understanding the Pricing Strategy

• Trust your Realtor

• Conduct an extensive price analysis

• Find market comparables

• Determine the average price per square foot

• Research the competition

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Learn How to Read the Disclosure Package

• Disclosure packages can exceed 400 pages!

• Read the most important pages first

• Understanding inspection reports is key

• Study the forms filled out

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Timing

• The Market moves quickly

• Homes typically sell within 10 days of going on the market

• A faster sale almost always means a higher price

• If property on the market for more than 2 weeks it starts to get stale

• Closing 30 days - finance

• Closing in 5-10 days - cash

Work With Us

Our clients can count on our professionalism, expertise, initiative, and commitment to incomparable customer service. All of our clients deserve our personal attention, a price analysis and access to our wonderful support team at Coldwell Banker. Contact us today!

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