Ive been looking in san Francisco -- they all seem pretty small even -- saw one 600sq ft for 300k... not so bad.... but i wonder if i could resell it at all?
u think in sf they would resell ok?
2007-12-06 11:34:03 · 6 answers · asked by MM 5 in Business & Finance ➔ Renting & Real Estate
You people are forgetting one very important thing -- hello this is San Francisco -- one of the greatest cities in the world -- not freaking idaho or alabama where you bumpkins live.. lol lets keep perspective here :-P
2007-12-06 11:55:31 · update #1
Location Location Location!
2007-12-06 11:55:51 · update #2
Talk to more than one realtor in the area that you are considering. Ask for "comps" recent comparable SOLD homes. Don't use any data that is more than 3 months old. Ask the agents to get as specific as possible when comparing to the subject property to recently sold properties. In other words if your subject home has gas hot water baseboard heat, so should the comps, every facet of the home you are considering, garage, C/A. what floor is it on, # of baths, can most likely be matched up to a recently SOLD unit. Of course, there are many other factors in home buying but the #1 rule in real estate is LOCATION. You'll need to decide what's important to you when making your decision to buy. Hope this helps.
Realtor in the NJ shore area
2007-12-06 12:14:35 · answer #1 · answered by smitty 2 · 1⤊ 0⤋
I don't live in Idaho or Alabama, and I am certainly not a "bumpkin", but 1 bedroom and condo is strike one and two in any market. That tiny square footage certainly doesn't help. The only people you can market to are people just starting out or seniors looking to downsize.
Ask a Realtor to check how many days on market 1 bedroom condos have, and then ask for comparable property information to make sure the price is in line with other condos. This will give you an answer to whether it will "resell ok"
2007-12-06 21:38:08 · answer #2 · answered by godged 7 · 1⤊ 0⤋
Condos are ALWAYS harder to sell then single family homes because there are fewer buyers willing to live in them so it is a supply versus demand question.
The ONLY way to determine IF this condo will resell in that area is to look at the local history and have a realtor in that area pull up a "Residential Comparative Market Summary" for 1 bedroom condos in that area. This will give you the avg. Days On Market, (DOM), the avg. listing price per square foot, the avg. sales price per sqaure fooot, and other information on that type of houses in that area. That info and what you can get froma local realtor will telll you how long it takes to sell there and also give you an idea IF it is worth the asking price.
2007-12-06 20:58:15 · answer #3 · answered by Jerrold J 3 · 1⤊ 0⤋
I have not been to SF. I have to be perfectly honest with you about the size and price of this house. I wouldn't give you $50,000 for a one bedroom place. I bought a house on just over 1/2 acre of land. The house is 2098 square feet. I paid $85,000. There is no way I could ever even think of buying something that small for that much money.
2007-12-06 19:42:55 · answer #4 · answered by Anonymous · 0⤊ 1⤋
I live in San Diego and, right now, you'd be lucky to sell it. But as a general trend, anything in SF or in a metro area of CA is pretty much going to sell if it's priced right.
2007-12-06 20:09:11 · answer #5 · answered by b 2 · 1⤊ 0⤋
600 square feet for $300k? I have three times that much room in my 3-bedroom townhouse for less than half that price. But yeah, a one bedroom unit is a very tough sell.
2007-12-06 19:43:40 · answer #6 · answered by curtisports2 7 · 0⤊ 1⤋