SFnewsletter Week ending April 22, 2005

Dear Friends: ****Are you looking to purchase or refinance residential property? Want great rates, expert advice and quick turnaround? John Ward, at TD Financial, partners with a variety of lenders to meet your individual needs. Call him today for more information and a free evaluation. (415) 292-2602.**** _____ Hello and welcome to the newest members of the list. To opt-out, either email me at sfnewsletter@gmail.com, or click on the "unsubscribe" button below. If you know anyone who would like to be added to this distribution, they must opt-in by emailing me. Most importantly, don't forget to click on the "New on Market", and "Sold" reports below. They are what make this newsletter tick.* $____ Market Update: This market is bringing back memories of one of my most dreaded classes at UCSB, Economics 101. Something about the Theory of Supply and Demand? Is the market going to turn? Who knows. I certainly do not. What I do know is that as long as properties are receiving upwards of 40 offers, there is way more demand than there is supply. However, sellers shouldn't get cocky, because that many offers is largely a part of under-pricing. And as I said last week, buyers shouldn't get scared away from writing offers, because you may just be the only one that DIDN'T get scared away and you can go home to a nice piece of San Francisco real estate. $$___ Maximum Overbid(TM) of the week**: It's funny. When I'm going through the overbids I'm thinking, "15% over, that could be it...oh 22% over, maybe that is it...nope there's 35% over, that's got to be the one...oh wait, there's 42% over, that's it for sure...nope! Are you kidding me!!?" The lucky overbid this week is 49% over asking. The house is on Church Street in Noe Valley. A 1938 square foot, three bedroom, one and a quarter (don't forget that quarter) bath, with two car parking. Asking $855,000 sold for $1,275,000!!! Here's a link to the property description. $$$___ Comparison Shopping: All you Cypress Hill and Snoop Dogg fans out there will appreciate that the price between asking and selling on the Overbid home was $420,000. What does that buy you in Jamaica? Well, $420,000 USD is equal to roughly 25,623,929 Jamaican Dollars, and I found this house for you with 5 acres and fruit trees. $$$$___ My Thoughts: Tried a great new restaurant last night, Tamal. Tamal is located on the corner of 12th. and Howard. They serve "Mexican Tapas". Really, really good food. Wear warm clothing though, because the only bad thing about the restaurant is that it was a bit drafty. Happy Aloha Friday! alex +For future reference, the only content that changes weekly is the Advertisement on the top of the page, the Market Update, the Maximum Overbid of the Week(TM), Comparison Shopping, and My Thoughts. So next time you get this newsletter, you can skip the Welcome, and the legal junk below, and get right to the good stuff.+ New on Market Report: report SOLD 04/08/05-04/21/05: report SOLD 03/25/05-04/07/05: report