Every month I receive Janis's newsletter. This month she starts off with the economic climate being created by the bailout. The key word that Janis and I both are using "disconnect" as the way our markets are progressing. As Janis, I am hearing a lot of doom and gloom, but the phone is still ringing.
Oct. 1, 2008
SFResidence.com
Newsletter Table of Contents
Hello from Janis!
A lot has been said about our economic situation of the last few weeks, but whether you are for a government bailout or against it, there is only one thing to consider. How will you take care of yourself and our family during this unsettled time? We have found that real estate, though in trouble in many areas of the country, is still very strong in many areas of San Francisco. And now with interest rates low, and prices stable we feel it is a good time to jump in. Why not take advantage of the up market that is sure to come about once the government gets its act together and decides what it is going to do?
I am finding a disconnect between what I hear and what I see happening. I am hearing gloom and doom but I am still getting calls from people wanting to buy and having the cash to do it. I talked to my favorite lender, Stefani Phipps at First Republic Bank and she assured me they are still making loans if the buyer is qualified.
The old adage "the only thing we have to fear is fear itself" is too true. I hope that intelligent, cool heads can prevail and keep us on an even keel. We will only know the impact of the events of the past few weeks after some time has passed but I have been through several very difficult times and the real estate in San Francisco has consistently been the safest place to have your money and have it grow. I think we will all feel the effects of this financial turmoil but remember that this is the best time to invest wisely.
As always, if you need an agent in another area we know GREAT AGENTS to whom we can refer with confidence. We have already sent some happy buyers and sellers outside of San Francisco. So if you or someone you know needs to buy or sell property somewhere else in the country, keep us in mind. In return for the lead, we'll give you a chance to win our Rewards contest for a weekend in Tahoe.
Know someone who needs a long term rental in North Lake Tahoe near Tahoe City? Our unit in St. Francis Lakeside Condominiums is a 3 bedroom, 2 bath ground floor condo with a lovely wooded outlook. The kitchen has been upgraded with new counter tops and appliances. We are looking for reliable tenants to rent either fully furnished, or vacant. Includes off street parking and amenities like pool, spa, tennis courts and direct beach access. Close to the Marina Launch, this spot is perfect for someone with a boat. We're offering a referral fee for bringing us the right person or persons!
Need to get away??? Vacation in North Lake Tahoe? We have a Lake View condo -- a lovely 2 bedroom, 2 bath condominium available for rent in Tahoe City at Tahoe Marina Lodge, a lake front complex. This unit has panoramic lake and mountain views yet is within walking distance to shops and restaurants. Tahoe is an excellent place to get away from the fast pace of city life and enjoy nature. This is the condominium we use for our Rewards for RE-ferrals.
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