San Francisco Real Estate Market Today

September 27, 2017 Owner

1 If You Have Been Following The Real Estate News, You Are Very Aware That Sellers Have Been In Control Of The San Francisco Real Estate Market For Many Months. As We Move Into Fall, Nothing Has Changed. In Fact Presently There Are Only 1.5 Months Of Inventory. The Measure Of A Buyer’s Market Is 6 Months Of Inventory.

If you have been following the real estate news, you are very aware that Sellers have been in control of the San Francisco real estate market for many months. As we move into Fall, nothing has changed. In fact presently there are only 1.5 months of inventory. The measure of a Buyer’s market is 6 months of inventory.

What should this say to the “on-the-fence” Seller? If you have been seriously thinking of selling your home, you might want to make your move sooner rather than later. There is a great demand for homes and the chances of getting top dollar for yours is better now than it will be in a Buyer’s market.

Mortgage rates may be low now, but if you are in a position that does not allow you to access these better rates, give us a call here at Sun Pacific Mortgage. We cater to that portion of the buyer population who needs a fast loan, has less than stellar credit or who has difficulty proving their income. We offer bridge loans as well, so if you find a home you want, but haven’t sold your current house yet, we can help with that too!

As of early September, there were 614 homes for sale in San Francisco. One of these could be yours if you act now. Call us at 707-523-2099 and see how we can help.

Super-Fast Loan Done For Lender

September 20, 2017 Broker

Property Refinance in Contra Costa, California

One of my Lender friends called with a rush transaction he needed help on:

He couldn’t get his client approved for a $670k first mortgage because of her difficult-to-prove income. She was in escrow on a new purchase of a multi-family property and needed a loan fast.

In just under 2 weeks, we had this loan approved at 10% interest, with a successful purchase and very happy Lender client. Now that’s super-fast financing!

Hard Money loans are like the Olympians of financing. They have speed and agility.

We work with many loan Brokers, Lenders and Realtors. They and their clients can benefit from hard money, which provides a very necessary need in real estate buying these days.

Call us at 707-523-2099 with your scenarios or questions. Here to help!

Who Is Today’s Real Estate Investor?

September 14, 2017 Broker

Love Re Investing Who Do You Envision When You Think Of The Stereotypical Real Estate Investor? The Reality Is Far From The Hollywood Image Of The Businessman In An Expensive Suit. It Turns Out That The “Average” Real Estate Investor Is More Like You Or Your Next-Door Neighbor.

Who do you envision when you think of the stereotypical real estate investor? The reality is far from the Hollywood image of the businessman in an expensive suit. It turns out that the “average” real estate investor is more like you or your next-door neighbor.

Bigger Pockets, a real estate investment social network, had some insightful observations about today’s investors. The following are some of the more common misconceptions associated with real estate investors along with a reality check:

In reality, real estate investors are split 75/25% with 75% being male and 25% female.
Real estate investors are wealth. Many investors are not racking up big annual incomes, but have studiously saved and used creative financing options. Their household incomes are much like yours.
A majority of real estate investors are 50+. Most investors begin on their path to building wealth through real estate in their late 30’s and as a supplement to their 401K retirement plan.
A lot of real estate investors own apartment buildings or land. Other investors own single family homes, because the upfront costs are less and these present fewer risks.

Many of these realities are our experience at Sun Pacific Mortgage, where we have been in the hard money lending business since 1988. We partner with many new and experienced investors, who enjoy high returns, from 9-13% on their investments. If you are interested in learning more about real estate investing, please call us at 707-523-2099. You can also consult our website for further information on how to start earning with us.

Housing Market Update For San Francisco

September 12, 2017 Owner

1 1 The Convergence Of Several Factors Has Brought The Real Estate Market In San Francisco To New Heights And New Lows. The Second Quarter Of 2017 Saw Unprecedented Buyer Activity, But A Drop In Inventory. The Results Were The Lowest Supply Of Homes In Two Years, But The Shortest Days On The Market – Good News For Both Sellers And Buyers.

The convergence of several factors has brought the real estate market in San Francisco to new heights and new lows. The second quarter of 2017 saw unprecedented buyer activity, but a drop in inventory. The results were the lowest supply of homes in two years, but the shortest days on the market – good news for both Sellers and Buyers.

According to a blogger for Pacific Union, we can look for a resurgence of business this Fall after a slow down during the third quarter. Some potential home buyers, who have been undecided, may be motivated to make a move because of the prediction of higher interest rates in the coming months.

If you find your perfect replacement home before you even list your own, consider a short-term bridge loan to make your offer more attractive. This loan program may allow you to capture the deal without the stressful back- and-forth of contract negotiations.

Sun Pacific Mortgage is confident that we can provide you with unparalleled service and assist you in getting into the home of your dreams regardless of your borrowing difficulties. Please give us a call at 707-523-2099 or email me.

Visit our San Francisco Hard Money website: www.sanfranciscohardmoneylenders.com

Second Quarter Real Estate Report for San Mateo County

September 7, 2017 Owner

1 In A Recent Overview Of The Real Estate Trends In San Mateo, A Pacific Union Blogger Reported That More Homes Sold During The Second Quarter Of 2017 Than In The Same Quarter Of 2016. The Increase In The Number Of Homes Sold Was Accompanied By A Notable Jump In The Selling Price For Those Between $2 Million And $3 Million. This Factor Was Largely Due To The Ongoing Inventory Shortage.

In a recent overview of the real estate trends in San Mateo, a Pacific Union Blogger reported that more homes sold during the second quarter of 2017 than in the same quarter of 2016. The increase in the number of homes sold was accompanied by a notable jump in the selling price for those between $2 million and $3 million. This factor was largely due to the ongoing inventory shortage.

Bidding wars caused homes to sell for an average of more than 10% above the original price, and 8 in 10 homes selling for above asking price. The combination of scant inventory and buyer demand pushed home prices higher than has been seen in recent quarters.

Through it all, San Mateo County buyers remain enthusiastic, and the hope is that the usual Fall resurgence in the real estate market will afford more opportunities for these buyers. If the market’s history proves true, we should see a busy Fall season beginning September.

If you find yourself in a position where a conventional loan is not going to work for you in the coming months, give us a call at 707-523-2099. We are known for our “not-normal” (Hard money) loans allowing borrowers to participate in the real estate market now, even if there are problem areas in your financial picture.

Your Superheroes Are Here!

August 22, 2017 Owner

Can’t get that loan done?

We can with our Hard Money programs!

“You are easy to work with and you get the job done. I know early on IF you can do the deal or not and then not much changes to Closing. Together I KNOW that we are doing clients a great service from their thank you’s.” Broker, John F.

Best, Broker & Broker – The Superhero Guys in the White Hats

California’s Hard Money Lender Since 1988.

Not Normal Loans Recently Funded By Us:

Local Cities Named as California’s Best Place to Live

August 15, 2017 Owner

1 2 No.9: Fremont (Alameda County) – Close To Silicon Valley.

In a recent study done by SmartAsset, 345 California cities were ranked the
best places to live with 5 of the top 10 spots going to the East Bay. Here
are the rankings:

No.1: San Ramon (Contra Costa County) – it is home to at least three
major corporate headquarters.

No.3: Dublin (Contra Costa County) – it is central to San Francisco,
Oakland, and San Jose.

No.5: Pleasanton tied for 5 th (Contra Costa County) – Safeway
headquarters.

No.9: Fremont (Alameda County) – close to Silicon Valley.

No.10: Hercules (Contra Costa County) – has the most affordable housing
of the top cities, with a median home value of $395,800.

All of these cities benefit by being in close proximity to San Francisco with
easy access to BART (Bay Area Rapid Transit).
Silicon Valley had 2 cities in the top 10:

No. 4: Foster City (San Mateo County) – Visa is headquartered here.

No. 7: Cupertino (San Mateo County) – Apple’s headquarters.

Some of the metrics used to determine ranking included: median monthly
housing cost, median home value, unemployment rate, and median
household income. This study used cities with at least a 20,000 population.

You can read the entire article at: https://smartasset.com/mortgage/the-
best-places- to-live- in-california

If you are looking for financing to make the move to one of these great
cities and need a fast loan or “not normal loan”, also known as hard money,
don’t hesitate to call us at 707-523- 2099 – we can help.

We Fund Large Loans!

August 10, 2017 Broker

1 1 Here At Sun Pacific Mortgage, We Offer Hard Money Financing For Jumbo Size Loans And Bigger, With Qualifications That Are More Forgiving Than Traditional And Conventional Financing.

Here at Sun Pacific Mortgage, we offer Hard Money financing for jumbo size loans and bigger, with qualifications that are more forgiving than traditional and conventional financing.

Hard Money loans are the answer for someone with irregular income, tarnished credit, needs fast cash or property not qualifying for regular financing. These are not issues with us.

We have two main qualifications:

At least 25% down payment or good existing equity and
An ability to repay the loan.

Having been in business for almost 30 years now, we have seen it all, and we can usually make the seemingly impossible, possible. Call Us today at 707-523-2099 and let get you’re your large loan funded!

How Much Do Utility Bills Add to Bay Area Homeownership Costs?

August 8, 2017 Owner

1 Last Month A Pacific Union Blog Ran An Eye-Opening Article On What The Cost Of Utility Bills Added To Homeownership In The Bay Area. Surprisingly, The Bay Area’s Utilities Impacted The Cost Of Owning A Home Far Less On A Percentage-Point Basis Compared With The Rest Of The U.s!

Last month a Pacific Union Blog ran an eye-opening article on what the cost of utility bills added to homeownership in the Bay Area. Surprisingly, the Bay Area’s utilities impacted the cost of owning a home far less on a percentage-point basis compared with the rest of the U.S!

You’re probably saying, “That’s not my experience!” Because this study is based on the percentage comparison of utility cost vs. home value, Bay Area home owners get off easy compared to the rest of the nation.

A tool provided by ATTOM Data Solutions offers data on utility costs by city. The chart shows the impact of utilities on housing costs in the 10 most populous Bay Area cities by percentage of homeownership costs and monthly payments:

2 Last Month A Pacific Union Blog Ran An Eye-Opening Article On What The Cost Of Utility Bills Added To Homeownership In The Bay Area. Surprisingly, The Bay Area’s Utilities Impacted The Cost Of Owning A Home Far Less On A Percentage-Point Basis Compared With The Rest Of The U.s!

One way to offset the cost of some of your utility expense is by installing solar panels. Besides significantly reducing your utility bills, homeowners net substantial returns on this investment. For example, San Francisco and San Jose property values gained approximately an additional $10,000 for solar systems, and panels added more than $18,000 in Vallejo.

If you’re looking to increase the value of your home by “greening” your space or just looking to pay off expensive credit card debt and are having difficulty elsewhere for a loan, give us a call at Sun Pacific Mortgage.

Superhero Dynamic Duo Gets Loans Approved!

August 2, 2017 Owner

Lack of inventory has real estate a bit tight at the moment. However, with bridge loans and short-term loans, real estate activity can be increased and benefit those Home Owners who do want to sell and those Home Buyers who want to make stronger offers.

● This type of financing removes the stress of having to get into contract on a new home before one sells their current home.

● Purchase offers can be extra strong as the financing required to buy a new home is available, no longer requiring a contingency of one’s current house to be sold.

Let us help you, a client or someone you know with our hard money loans. Call us today at 707-523-2099, we can fund fast!

Best, Broker & Broker – The Dynamic Duo a.k.a. The Guys in the White Hats

Some Of Our Funded Bridge and Temporary Loans:

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Trusted Private Money Lenders Since 1988!

Call Today! (707) 523-2099