All You Need is … Patience!
I recently celebrated the close of an escrow for my clients’ purchase of a beautiful home in South San Francisco. This transaction was one of the more meaningful ones for me due to the nature of my relationship with these clients. We actually met back in July 2008 at my company’s kiosk at the Serramonte Mall in Daly City. At the time, this couple was just looking into the possibility of purchasing their first home, and weren’t quite sure if they were ready to purchase a home just yet. Still, we kept in touch occasionally over the years, going out to see homes of interest and even submitting a couple offers that didn’t go through.
Daly City Turns 100 Years Old!
The city of Daly City will be celebrating its 100 year anniversary on Tuesday March 22nd at City Hall, 333 90th Sreet. Daly City was born out of a small town known as Vista Grande 100 years ago. A color guard from the Daly City Police Department will make its debut, posting the flags of the United States, California, and Daly City to launch the celebration. Complimentary birthday cake will be served to honor Daly City on its milestone anniversary.
Click here for more information
Blog was provided to you by: Adam Chinn
Prudential California Realty your Home for Sale leader!
San Francisco Giants World Series Trophy is Coming to Daly City
The San Francisco Giants World Series Championship Trophy is coming to Daly City from 11:00 a.m. to 1:00 p.m. on Friday, February 18, 2011. Giants fans can get an up-close view of the trophy when it comes to City Hall, 333 90th Street. This once in a lifetime opportunity is free to the public. Parking around the Daly City Civic Center is limited, so fans are encouraged to carpool or take public transit (SamTrans Route 121 stops at Edgeworth Avenue and 90th Street).
“For more than 52 years, our dedicated fans have supported us through thick and thin,” said Giants Managing General Partner and CEO Bill Neukom. “The trophy belongs to them as much as it belongs to us, and we want to thank our fans by extending the World Champions celebration throughout Giants country.”
Since this is a first for the Giants, they are not sure how many people will visit the trophy, but initial “viewing” parties were tremendously popular with fans. The Giants are going to do their best to accommodate everybody, but the lines will be managed on a first-come, Read more
I Do San Francisco As Well!
I LOVE SAN FRANCISCO. Don’t get me wrong. I grew up in the peninsula in Daly City and South San Francisco and will always love and consider it home. But I LOVE “The City”. I guess you can say I’m a city-kind-of-guy who loves urban environment and living. I managed to find a home (complete with “Man Cave”) in SF for this lovely family just recently as a matter of fact. So that process was definitely a fun one for me since I drive to the city several times a week anyway.
I also love working with first-time home buyers! I enjoy guiding them, making the purchasing process as stress-free as can be. A lot of the time, their targeted type of home may be a condo. This article from my friend, Jay Sondhi (my office’s in-house lending team, Guarantee Mortgage) is only fitting to present. It’s an informative read and is beneficial for first-time condo buyers who are considering city life!
“I’m shocked to hear that there is still this notion out there that “condos are dead” as far as FHA financing goes. This is far far far from the truth. The rules regarding condo approvals for FHA insurance have changed, but they are far from impossible. Many of the new changes have actually had a positive impact on our local market. Read more
What is the Fair Rent?
I worked at our Prudential California Realty kiosk at Tanforan Mall today. Someone asked how much rent I think he should pay. He explained the situation that he just rented an in-law in Daly City 3 months ago. Landlord did not sign a lease with him and asked that he pays only in cash. After 2 months he found out, not from the landlord but from a realtor friend that the the owner has received a Notice of Default or NOD from his lender. That means he had not paying his mortgage for the past few months. The property is now on the market as a short sale, but no ”For Sale” sign is posted. Landlord failed to disclose this to the tenant at the beginning and tenant is very disappointed about this. He now feels that he should not pay the full rent since the owner is not paying his mortgage and also because he was not told about the situation.
What do you think the fair rent is?
Thank you,
Shokoofeh Nowbakht
www.Shokoo.com
Daly City Annual Spook Parade
Daly City will be holding its Annual Spook Parade on October 30th from 12:30pm-3:30pm. It will be held at the Serramonte Shopping Center Court.
For more information check out the Daly City website here .
Written By Adam Chinn
Adam@Adamchinn.com
Is Your Home Under Water? New FHA Refi might help!!!
So many home owners in San Bruno, South San Francisco, Daly City, San Mateo and all over the country owe more than their home is worth (under water). Some have tried to modify their loan, short sale, refinance and have run into a frustrating brick wall.
Well here is a new alternative. FHA has a new loan that will allow refinancing for homes under water. They do have very specific requirement but it is worth a shot. Please read the following article from the Sunday September 5, 2010 S.F. Chronicle written by Kathleen Pender in her Net worth column. Please do not hesitate to contact me for FHA approved lenders. lee@leesellsmore.com or 877-Lee-Sells
13th Annual Business To Consumer Showcase September 11, 2010
Daly City will be having their 13th annual Business To Consumer showcase on September 11, 2010. It will be held at the Serramonte Shopping Center from 10am-4pm
For more information about this event, please visit this link www.serramontecenter.com.www.dalycity-colmachamber.org.WWW.Adamchinn.com
For other planned events check out,
Adam Chinn
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