How It Works
Meet
Meet with an Urbane SF Buyer’s Consultant to register at the new development(s) of your choice. (In order to qualify for benefits, it is important to be accompanied by your Urbane SF Buyer Consultant on your first visit.)
Select
Select the perfect unit after getting to know the development, its amenities, seeing the variety of units available, and understanding the process and terms specific to each development's purchase agreement and sales process.
Reserve
Reserve and make an offer for a unit of your choice. Deliver your reservation deposit. Review and approve the Seller's Disclosure and HOA Document Package with the guidance of your Urbane SF Buyer Consultant. Ratify your offer.
Close
Close on your new condo and receive one year of HOA dues, paid by Urbane SF along with any other special promotions being offered.
Enjoy
Enjoy your savings of one year of HOA dues. A great way to enhance your new Urbane SF lifestyle.
NEW DEVELOPMENT CONDO BUYER CONSIDERATIONS
Many buyers go out on their own when buying a new development Condo. However, unless you are extremely knowledgeable regarding the real estate buying process, local areas, the various buildings and have an established relationship with developer sales teams - we highly recommend finding a good buyer's agent to assist you. You will save countless hours of research, money and not to mention, many headaches in having to do it all yourself. Best of all, it won’t cost you anything to have your own buyer's agent looking out for your best interests. All buyer's agent fees & commissions are paid by the developer.
There are many new developments in San Francisco available and if you want to properly narrow down your search, you will need help from a local area specialist who is able to:
- Aid in neighborhood selection.
- Provide an overview and comparison of new construction and resale options.
- Consult on which model and floor plan may be best for you.
- Educate you on the legalities of contracts and disclosures.
- Identify the right lender to finance your purchase.
- Negotiate the best deal possible.
- Steer you through a smooth escrow and closing process.
There are dozens of new developments in the works in San Francisco. Hundreds, if not thousands of new units will be built in the coming future. Here are some questions to ask yourself:
THE RIGHT CONDO COMMUNITY FOR YOU
- Which investment is most inline with your real estate goals?
- Which properties have resale restrictions?
- Which properties have non-owner occupied restrictions? Pet restrictions?
- Should you buy in an existing development or wait for an in progress development that may be better suited for you?
- How will the current rezoning efforts of the SF Planning Department affect your investment?
- How will a new project affect the project you want to buy in? Will it make it more or less attractive? Will it increase or decrease demand for your desired building and your investment?
MARKET PRICING AND TIMING
- What is the existing resale inventory?
- During what time of year are you planning to buy? Depending on the time of year, developers may more aggressively price units.
- How many units are left in the development and how many units have been sold? If the builder is motivated to sell units quickly, it may be in your favor.
- What upgrades are included? Are upgrades and credits for closing costs negotiable?
INVESTMENT CONSIDERATIONS
- How "marketable" is the development you are wanting to purchase?
- Which corporate leasing companies should you work with?
- Should you use a property management company?
- What are the legal and financial ramifications of buying and selling investment properties?
- What critical restrictions exists in your building’s HOA CC&R’s (covenants, conditions and restrictions) and Bylaws?
- What is the market rent for your unit?
We hope to have provided valuable insight into things to consider when purchasing in a new development, whether for a primary residence or for investment. Urbane SF specializes in the San Francisco urban condo market, including new construction sales. We have forged good working relationships with the builders' sales teams, so we work very well with them. We look forward to assisting you with our expertise, dedication, and five-star concierge style service.
Urbane SF is a Madison Hunter Company
California DRE License #01444750