SFRE

What is the difference between a condo and a TIC?

What is the difference between a condo and a TIC?

The most important difference between condos and TICs is the availability and quality of financing.

A Guide to Closing Costs

A Guide to Closing Costs

Buyer & Seller Closing Costs in San Francisco, and San Francisco Property & Transfer Taxes
 

San Francisco Transfer Tax

In San Francisco property sales, the seller is responsible for paying the transfer tax. However, in new development where the seller is a sponsor or a developer, the buyer often pays this transfer tax. 

The Transfer Tax Rate for the City and County of San Francisco, payable upon transfer of Real Property, is calculated as follows:

  • More than $100 but less than/equal to $250,000 $2.50 for each $500 or portion thereof

  • More than $250,000 but less than $1,000,000 $3.40 for each $500 or portion thereof

  • $1,000,000 or more but less than $5,000,000 $3.75 for each $500 or portion thereof

  • $5,000,000 or more but less than $10,000,000 $11.25 for each $500 or portion thereof

  • $10,000,000 or more but less than $25,000,000 $13.75 for each $500 or portion thereof

  • $25,000,000 or more $15.00 for each $500 or portion thereof

Be sure to calculate transfer tax when considering selling your home.

SAN FRANCISCO REALTORS DISTRICTS

Has your Realtor ever referred to an area or neighborhood by a certain District number? If so, here is a cheat sheet for you, to sharpen your skill as a buyer or seller.

District 1 (Northwest): Sea Cliff, Lake Street, Richmond (Inner, Central, Outer), Jordan Park/Laurel Heights, Lone Mountain

District 2 (West): Sunset & Parkside (Inner, Central, Outer), Golden Gate Heights

District 3 (Southwest): Lake Shore, Lakeside, Merced Manor, Merced Heights, Ingleside, Ingleside Heights, Oceanview

District 4 (Central SW): St. Francis Wood, Forest Hill, West Portal, Forest Knolls, Diamond Heights, Midtown Terrace, Miraloma Park, Sunnyside, Balboa Terrace, Ingleside Terrace, Mt. Davidson Manor, Sherwood Forest, Monterey Heights, Westwood Highlands

District 5 (Central): Noe Valley, Eureka Valley/Dolores Heights (Castro, Liberty Hill), Cole Valley, Glen Park, Corona Heights, Clarendon Heights, Ashbury Heights, Buena Vista Park, Haight Ashbury, Duboce Triangle, Twin Peaks, Mission Dolores, Parnassus Heights

District 6 (Central North): Hayes Valley, North of Panhandle (NOPA), Alamo Square, Western Addition, Anza Vista, Lower Pacific Heights

District 7 (North): Pacific Heights, Presidio Heights, Cow Hollow, Marina

District 8 (Northeast): Russian Hill, Nob Hill, Telegraph Hill, North Beach, Financial District, North Waterfront, Downtown, Van Ness/ Civic Center, Tenderloin

District 9 (East): SoMa, South Beach, Mission Bay, Potrero Hill, Dogpatch, Bernal Heights, Inner Mission, Yerba Buena

District 10 (Southeast): Bayview, Bayview Heights, Excelsior, Portola, Visitacion Valley, Silver Terrace, Mission Terrace, Crocker Amazon, Outer Mission