As I write this column, the first half of 2022 is just about over. Each year has its own challenges, and this year we have been dealing with higher inflation, rising interest rates, declining stock market and the seemingly never-ending battle with COVID-19.
In the practice of real estate, conflicts and negotiation between buyers and sellers are commonplace. But what happens when an agreement cannot be reached and neither side is willing to compromise? Then we have to go to the next step beyond negotiations and go to third parties to resolve the conflicts.
As most of the readers of my column know by now, I tend to write on what is the most relevant real estate topic at the moment. I get my ideas from the people I talk with every day. If certain questions come up often, then that becomes the column of the month.
The spring selling season is upon us. The first quarter of 2022 flew by so quickly and might or might not give us an early indication of what the real estate market will be like for the rest of the year!
2022 is here and like in any other year, people are preparing for the big push in the spring real estate market. It seems like the COVID effect is behind us, and this year will turn out to be a normal real estate market.
With so many issues facing our City at the moment, the housing crisis is not getting as much attention as it used to.
The Richmond District’s single-family median home prices rose 20.2% in 2021, with about the same number of properties selling as the previous year.
As 2021 comes to an end, we have had an amazing year in the real estate market. The question being asked at the end of the year is always, “Where is the real estate market headed?”
Do you ever wonder where all the commission money goes in a real estate transaction? With prices so high in our area, it is a significant amount of money.
As a student of real estate my entire life, this COVID-19-induced market has taught me much and introduced different concepts and principles into the market which we might never see again in our lifetime. Normally in September I write about what we can expect in our fall real estate market because it marks the start of our second selling season of the year in San Francisco.
With our single-family home market so hot, many people are purchasing condos or TIC’s (tenancy in common) as their first home. If you are thinking about buying one, carefully investigate the Homeowner Association, finances, management, and current or potential litigation before proceeding.
We have had a very good stock market with the major indexes rising 12-15% for the year. But what about the real estate market? Let us look at some data …
I was speaking to my financial advisor recently because the stock market has gone straight up for the last 12 months. I asked if the stock market has peaked and if this is the right time to sell stocks.
What should you consider before buying a home? This is an extremely important question! For most people, this is the largest financial investments they will ever make in their lives.
As we pass the one-year anniversary of the shelter-in-place order issued to slow the spread of the coronavirus pandemic, we can look back on how much we have learned about the virus.