SOMA Grand

Pacific Marketing Associates currently has three SOMA Grand properties listed in MLS. All three of them have had a price increase. 1 Bed/1 Bath – $590,000 (original price: $580,000) 2 Bed/2 Bath – $975,000 (original price: $965,000) 2 Bed/2 Bath – $1,100,000 (original price: $1,090,000) Michael Novia South Beach Real Estate 415-637-2409 (24 hours)

Reduced: 88 Townsend #125

1 Bedroom + Den/1 Parking/950 Square Feet. Hardwood Floors, Custom Paint, Chef’s Kitchen w/ Cherry Wood Cabinets, Granite Countertops & Stainless Steel Appliances. Reduced from $719,000 to $699,000. Michael Novia South Beach Real Estate 415-637-2409 (24 hours)

Bank of America to Woo Fed for Merger OK

Daily Real Estate News | April 28, 2008 Bank of America will tell the Federal Reserve today that if it is allowed to buy Countrywide Financial Corp., it will help more than 265,000 borrowers to keep their homes. BofA also will promise to double its community development lending, which focuses on affordable housing, particularly in [...]

South Beach Real Estate Newsletter

This weeks newsletter.

Mortgage Info

Bank of America is offering a conforming loan – 5/1 at 5% with one point. If you are shopping around you may want to give them a call to see if they have a program that works for you. Contact: Cristian Connelly, Vice President, Bank of America Mortgage, 415-953-3133. Michael Novia South Beach Real Estate [...]

Update: Blu

For those of you waiting for the Blu sales office to open you will have to wait a little longer. Like any new development they have hit a few bumps in the road with the city. Looks like one more meeting to go; sales office is estimated to be open sometime in early May. Michael [...]

Sacramento Has Deepest Cuts

Daily Real Estate News | April 21, 2008 Spring is traditionally the busiest time of the year for real estate professionals. As the country enters its third year of a real estate slowdown, many are seeing the beginning of a thaw. One reason is that sellers are giving up on boom-time prices and settling for [...]

Fannie, Freddie to Buy More Jumbos

Daily Real Estate News | April 21, 2008 Fannie Mae and Freddie Mac agreed last Friday to buy more jumbo loans from major lenders, making it easier for borrowers to get these kinds of mortgages. Freddie Mac said it expects to buy up to $15 billion of jumbo conforming loans from Wells Fargo & Co., [...]

SoMa: First Quarter

The *median selling price in SoMa (South Beach, Mission Bay and South of Market) for the first three months of this year is $742,000 slightly up from last years $727,000. The average days on market is down one day from 45 to 44. Sales volume is down from 120 units sold last year to 79 [...]

Sellers and Buyers Required to Advise Tenants of Their Rights Before and After Sale of Rental Real Property Beginning on April 17

• Before property containing rental units subject to the city’s rent ordinance may be sold, the owner/seller shall disclose to tenants of the property the rights of tenants during and after the sale of the property. The disclosure shall be in writing with a particular size type and include specified statements regarding their legal rights [...]