2/29/2012

LEAP along with the San Francisco Association of Realtors opposes the increase in the Transfer Tax Rate in SF. We urge you to sign the petition below. The tax rate schedule applies to tranfer of Real Property:

  • More than $100 but less than or equal to $250,000 $5.0 per $1,000 of sales price.
  • More than $250,000 but less than $1,000,000 $6.80 per $1,000 of sales price.
  • More than $1,000,000 but less than $5,000,000 $7.50 per $1,000 of sales price.
  • More than $5,000,000 but less than $10,000,000 $20.00 per $1,000 of sales price.
  • Over $10,000,0000 sale is $25.00 per $1,000 of sales price.

For example, if you purchase a $1M piece of Real Estate in SF, there is a $6,800 tax. Most of the time, Sellers pay the tax but sometimes Sellers require Buyers to pay it. Keep in mind that this tax is in addition to Property Taxes and all the other fees associated with a Real Estate transaction. We think that the Tax in itself should be abolished. An increase of the Tax should definitely not be allowed. Please take a moment to sign the petition below. Thank you!

stoptransfertaxratepetition

 

2/28/2012

 

This most reliable index indicates that single-family home prices in the San Francisco Area are down 5.4% year-over-year, down 41.1% from a peak in May 2006.  Condo values are down 7.3% year-over-year, down 37.0% from a December 2005 peak.

 

2/23/2012

 

We work with several America’s Cup Operations Teams who will be in SF August-September 2012 and again July-September 2013. We are looking for Condos for them preferably within walking distance to the water: anywhere from the Bay Club all the way to the Ball Park. The average stay is one month and the rental fee MUST be reasonable: these guys are the Ops team not Oracle Racing!This is an opportunity for you to rent your condo for a few months. We handle everything. You give us the key, we give you the money. Call us directly 415-246-4211.Thanks!

2/23/2012

 

We beat every other firm in town and a few Venture backed Start-Ups and secured a long term lease on a 3,410 sq. ft. Commercial Warehouse South of Market Street on Harrison for…$2,800/month…Industrial Gross…No NNN!

Yes, it is a great deal. Yes, we also do Residential and Yes we would love referrals.

Thank you!

 

 

2/21/2012

 

We could not resist. If you’re going to remodel, this type of wine room is the way to go:

 

2/10/2012

 

We notice that savvy SF investors are purchasing older buildings and putting a new “skin” on them. This is a $2,000,000 job and in our opinion worth every penny. What do you think?

Before:

After:

2/8/2012

The SF Planning Department definition of a bedroom should be useful next time anyone refers to a parlor as a bedroom…

(1) Contains at least 70 square feet, exclusive of closets, bathrooms, or similar spaces
(2) Has at least one window opening to an area which leads either to a street or rear yard space, and
(3) Is clearly labeled as a ’bedroom’ on submitted plans