FAQ’S About Selling and Buying a Condo in San Francisco in 2022’s Market
Lately I’ve received similar questions from many clients about selling highrise condos in San Francisco. I find it interesting that many of you have the same exact inquiries, especially in wondering how to prepare for the fall market. In a nutshell I’ll try to generalize answers for those who are curious.
➡ Clients are asking, “How possible is it to buy a home before selling their condo?”
RK: Homes are currently selling slower than last year, and that gives buyers breathing room and a chance to shop around in a low pressure environment. Let’s discuss your options before we go home shopping. My goal is to maximize your profit so you can use the proceeds towards your new home. Depending on your situation, after your purchase and have moved, my timely and experienced contractors can quickly turn around your existing unit for sale. If you would like to wait until the market picks up again, I also offer rental services to my existing clients.
➡ Sellers are asking, “My tenant’s lease is up. Is this a good time for selling a condo in San Francisco or should I rent it out again?”
RK: The value of your condo depends on your building and bedroom bathroom count. I start by giving you comparable sales activity which are all units that have sold in your building in the past three months. We can then discuss the condition of your unit. Many clients lived outside of San Francisco and dropped off a key to their unit so i can inspect it. We can then hop of a zoom call or face time to walk through the unit together. Then I will advise you on the improvements that will deliver the highest return on your investment.
➡ Buyers are asking, “It seems like there are a lot of new residential buildings. Is it a good time to invest in a new condo right now?”
RK: Developers typically have some goals to hit in late summer before the end of Quarter 3. The agents in the sales office often email me insider info on price adjustments and incentives such as fixed rate financing.
Whether you want to trade up into a bigger home or maximize your proceeds, each transaction is uniquely possible. In this market, I’ve helped many clients achieve their real estate goals by selling their condo in San Francisco. Let me help you reach yours!