Monday, February 20, 2006

Chron's Sunday Article: Housing Market Cooling?

This Sunday, the San Francisco Chronicle printed an in-depth article on the current state of the market. As I continue to feel strongly that looking at Bay Area statistics instead of San Francisco-specific statistics causes a lot of panic in San Francisco sellers, this article at least acknowledges that San Francisco should not necessarily be evaluated in a general basket with other counties.

View the article here.

Want to know your home's value in today's market? Contact me for a free comparative analysis.
Amy Blakeley
Realtor
McGuire Real Estate
ablakeley at mcguire.com
www.amyblakeley.com

Thursday, February 16, 2006

More: Sterling Bank Individual TIC Financing

Sterling Bank has just released three individual TIC financing products for 2-4 unit buildings in California.

The loans, a 1/1, 3/1 and 5/1 ARM on 30 year Amortization, are availble for both purchases and refinancing. The eligibility requirements for these loans are strict, including a minimum Total Debt ratio no greater than 40%, full documentation of income and assets, and a minimum credit score of 680, among many other requirements. However, these products, which are geared toward sellers of multiple-unit buildings as well as toward solidified groups of buyers, will add a much needed sense of security to those buyers who can afford them.

If you are considering selling a 2-4 unit building and would like more information on these products, feel free to contact me.

Amy Blakeley
Realtor
McGuire Real Estate
ablakeley at mcguire.com
www.amyblakeley.com

Wednesday, February 15, 2006

Sterling Bank Launches Individual TIC Financing Option

Sterling Bank & Trust quietly launched an individual TIC financing option on Monday, February 13th. Sterling Bank is the third bank in the Bay Area (the others are Circle Bank and Bank of Marin) to offer individual TIC financing, and option for TIC buyers which helps eliminate some of the risk involved in purchasing property as Tenants in Common.

I was called by my Sterling "insider" just this afternoon, and will have more information to post tomorrow.


The individual TIC loan options offered by Circle Bank and Bank of Marin were met with overwhelming enthousiasm, despite the higher down payment and interest rate requirements. Sterling Bank is entering the market with their product with impeccable timing.

Have more questions about trends in the housing market? Ready to sell or buy a home? Contact me today for honest, experienced answers. Amy Blakeley, Realtor®
ablakeley at mcguire.com
(415) 296-2173 Direct

Wednesday, February 08, 2006

SF Downtown Parking Limitation Ordinance Passes

The San Francisco Board of Supervisors passed a the parking ordinance bill yesterday in a 7-2 vote. The ordinance will limit downtown street parking where new residential development takes place, and force developers to reduce the number parking spaces at newly constructed residential buildings to 3 spots for every four units. It is unclear at this time whether the mayor will veto the ordinance.

See the San Francisco Chronicle article here.

Have more questions about trends in the housing market? Ready to sell or buy a home? Contact me today for honest, experienced answers. Amy Blakeley, Realtor®
ablakeley at mcguire.com
(415) 296-2173 Direct