Michael Novia's (mnovia24) Blog

Finally we are starting to hear good news about the housing market. Interest rates for Jumbo mortgages are down, the Fed will most likely drop rates again, banks are working with sub-prime borrowers to refinance their loans, and the government is giving us all a nice big check this summer. It's a...

I assisted B.Y. with puchasing a home in a new development. This is a very kind and generous testimonial which I greatly appreciate. A sincere thank you! I am proud to have worked with Michael Novia on my first home purchase.  Theexperience was very positive and I firmly recommend him to others w...

 Only time will tell. But if there is a recession how will it affect the San Francisco Real Estate market? Well since I can't find my crystal ball (kids must have taken it) I decided to pull statistics from the San Francisco MLS. According to yesterday's San Francisco Chronicle our last recession...

One South Park added three new listings into MLS ranging in price from $630,000 to $1,495,000.Michael NoviaSouth Beach Real Estate415-637-2409 (24 hours)

   Homes on Esprit Park posted two price reductions in MLS today. Unit # S102: 835 sq ft 1 bed/1.5 bath condo was reduced from $626,240 to $594,928 and unit #S115 (same layout) was reduced from $635,420 to $603,649.Michael NoviaSouth Beach Real Estate415-637-2409 (24 hours)

    Establishing the value of your property and discussing "strategic" pricing are perhaps the most important steps in preparing your home for sale.The importance of pricingA buyer's first impression of a property is directly related to how he/she perceives it to be priced in the marketplace. If ...

 Are you interested in buying a new home and would like to take advantage of the "Buyers Market"? I can help you negotiate your closing costs and help you get a great sales price. Closing costs average 1% to 1.5% of the purchase price. When you go to sell 3 to 5 years from now it will look like y...

   1. Hire a cleaning service.  A spotlessly clean home is essential.2. Pay attention to the outdoors. Be sure your patio, balcony, yard is clean. If needed add some color with a few plants and flowers3. Serve cookies, coffee, and soft drinks. It creates a welcoming touch and encourgaes prospecti...

 According to MetroRent SoMa has the highest average "asking" rental prices for both one and two bed apartments in the city; 1 bed: $2,716, 2 bed: $4,300. Number two for 1 beds is Potrero Hill at $2,375 and number three is Upper Nob Hill at $2,350. For 2 beds Presidio Heights comes in at number t...

Would you like to receive updates about the local real estate market? Sign up for the South Beach Real Estate Newsletter. Click here for a sample. Sign up by emailing mnovia@southbeachrealestate.com and insert Newsletter in the subject line. Michael NoviaSouth Beach Real Estate415-637-2409 (24 ho...