My poor lonely blog. I haven't written anything since July, that's terrible. I was too busy with work and travel to update. But, along with everyone else, I have a New Year's Resolution---to blog more. This year will be a mix of real estate, design and some of my favorite things to do around San Francisco. Basically, a bit of work and a bit of life.
2008 will be a difficult year for some people to get a loan. I have experienced the tightening of mortgages already this year, some TIC loans are now requiring as much as 25% down. Banks are going to be particularly hard on those of us who work as independent contractors. Stated income applications are going to be very restrictive if at all allowed. So, I will work closely with a few mortgage brokers to give you the best advice on how to get around all the new complications.
The market has changed. It is officially a buyers market, in most cases. Carol Llyod on SFGate's, Surreal Estate I think said it best in A Tale of Two Friscos. Sellers need to be prepared to negotiate and pay for closing costs. This year, I'll try to give some insight into creative negotiation. The winners in this market are those that can give and take.
Hello, my name is Nikki Gunn and I'm a TIC specialist. There I said it. For years, I've been holding back on being the TIC expert because they are so complicated and squirrelly. I kept saying to myself "okay, this is the last one", but I've come to realize I'm one of the few agents who knows my stuff around this redheaded step child. So, I'll post what I know here for you to peruse. TICs are doable and give you more square footage for your buck, however be warned. Think of them as the black diamonds of real estate. They should not be attempted without serious experience. Call or email me direct with your own questions.
And lastly, if you don't have to sell in this market, don't. Remodel! I recently went through my own remodel this year and have learned many many things that I wasn't expecting to learn. This year, I'll share design resources, contractors, cost/benefit analysis and more. Stay tuned!
Happy 2008 Yall!
Welcome back Nikki!!
Posted by: Eric Rodenbeck | January 06, 2008 at 08:19 PM
well real estate properties are good investment on this very moment
Posted by: Homes for Sale | September 04, 2008 at 01:12 AM