TICs
Gorgeous, two-unit Victorian building. The upper unit has a flexible floor plan, a living room with a wood burining fireplace, a large formal dining room, a large bedroom, and a smaller bedroom (originally the fainting room), which is suitable as an office or guest bedroom, a remodelled kitchen and bath. The lower two-bedroom unit also has a remodelled kitchen and bath, lovely period detail and a lightfilled breakfast room.
Both units have lovely period details and high ceilings.
Some Thoughts on Condo Conversion
Before we get started, it is important that you understand that the conversion of units to condominiums is governed by local and state laws. For buildings with four units or fewer, San Francisco City and County laws govern the process. For larger buildings (five or more units), the California Department of Real Estate (DRE) regulations also apply. These laws and regulations can change at any time.
[If you] "want to have all the details explained and taken care of, and also have an enjoyable time, you should work with Jane "
"Jane is great! Here's our story...We bought a Tenancy In Common (TIC) in 2007 with Jane as our agent. She has an encyclopedia-like understanding of all things real estate. Early on, we found a great one bedroom TIC at a good enough price. But we didn't buy it! She saved us from a future nightmare by being the only professional to notice an issue that would prevent this unit from every qualifying for a loan on its own following condo conversion. We pulled our offer at the last minute. Phew!
Board of Supervisors to Vote on TIC Legislation
Supes to vote on retroactive legislation to prevent condo conversion. What are they thinking?