When purchasing a home in San Francisco, consider factors such as the neighborhood, proximity to work or schools, property type (condo, single-family home, or TIC), and potential for appreciation. Research the walkability, transit options, and nearby amenities, as these can vary significantly across the city. Additionally, understand the city’s unique real estate quirks, such as the prevalence of tenants-in-common (TIC) properties and rent-controlled units, which might affect your investment or future use of the property.

Closing costs for buyers in San Francisco typically range from 2% to 5% of the purchase price. These include fees for the loan origination, title insurance, escrow services, property taxes, and home inspections. For a median-priced home of $1.3 million, expect to pay approximately $26,000 to $65,000 in closing costs. Be sure to include additional funds for a down payment, typically 20% of the purchase price, unless you qualify for special loan programs.

Yes, inspections are crucial in San Francisco, as many homes are older and may have unique issues such as foundation problems, seismic retrofitting needs, or deferred maintenance. A general home inspection is recommended, along with specialized inspections for pests, roofs, or structural integrity. Even in competitive situations where buyers waive contingencies, conducting pre-offer inspections is a smart way to mitigate risk and understand the property’s condition.

To prepare your home for sale, start with decluttering, deep cleaning, and addressing minor repairs or cosmetic updates. Professional staging can make a significant impact in showcasing your home’s potential to buyers. Consider consulting a real estate agent familiar with San Francisco’s market to determine the best pricing strategy and whether any significant upgrades—like updating kitchens or bathrooms—are worth the investment.

Yes, California law requires sellers to disclose any known defects or issues with the property. This includes structural problems, past repairs, environmental hazards, and neighborhood nuisances. San Francisco also has specific requirements, such as disclosing any unpermitted work or issues related to rent-controlled units if applicable. Providing a thorough and honest disclosure packet can protect you from potential legal disputes post-sale.

Invest in improvements that have a high return on investment in the local market. Upgrading kitchens and bathrooms, adding energy-efficient features, or enhancing curb appeal can significantly boost value. For homes in San Francisco, seismic retrofitting and addressing deferred maintenance can also appeal to buyers concerned about structural integrity. Work with a local real estate expert to determine which updates are most likely to attract higher offers and ensure a strong return.