San Francisco, CA (PRWEB) August 10, 2012
Despite the unstable housing market, housing affordability reached a record high in January 2012 according to the National Association of Realtors. The rise in affordability can be attributed to the fact that more buyers are considering a viable option called 'tenants in common'. Summit Real Estate Group's Erin Thompson contributed 9.8 percent of 'tenants in common' transactions since last year, which made up about 65 percent of her business.
Tenants in common is a housing investment option where two or more buyers can own a percentage of one property. Unlike joint tenancy, ownership can be split unevenly, and co-tenants cannot exclude each other when it comes to the possession of the property. This option is more practical for buyers who cannot afford to own an entire property. Erin Thompson closed on 42 'tenants in common' properties last year alone, helping her rank in the top one percent of realtors in the San Francisco area.
Erin Thompson also specializes in helping her clients transform buildings into contemporary living spaces through renovation and design. She helped develop 38 units, which have all been sold. Most of her clientele varies from novice home buyers and sellers to seasoned developers and long time clients.
In June 2011, Erin Thompson started Summit Real Estate Group along with veteran real estate investor David McCloskey and has consistently delivered top results. Erin Thompson and her team are dedicated to finding the perfect property for their clients in the San Francisco area, whether it be charming Victorian houses, modern condos or luxury apartments.
About the company:
Summit Realty is San Francisco's premier boutique real estate firm. To those looking to find the right place to live in San Francisco, the job can feel overwhelming. Find a piece of San Francisco with Erin Thompson and Summit Real Estate. Erin is the best resource to finding beautiful homes, including charming Victorian Houses, Modern Condos, and Luxury Apartments throughout San Francisco’s diverse neighborhoods. With a keen focus on understanding her clients’ needs, Erin dedicates her efforts to finding exactly what her clients desire. For more information visit her website at http://summit-sf.com/author/erin, or give her a call today.