SB326 + SB410 + SF Code 604: Why Some Condo Listings Are Discounting (And How to Prevent It)
If you’re selling a condo in the San Francisco, you may be hearing:
“We can only accept cash due to SB326.”
That belief is costing sellers serious money.
🔍 What’s Actually Driving Buyer Fear
It’s not just SB326.
One thing I probably should have mentioned earlier … SB410 is now requiring these reports to be disclosed to buyers, which is part of why this is coming up more often.
It’s the combination of:
✔ SB326 — Inspection
✔ SB410 — Mandatory disclosure
✔ SF Housing Code 604 — Compliance affidavit
👉 Together, they create maximum transparency + maximum confusion
⚠️ The Seller Risk
When buyers see:
- Structural reports
- Required disclosures
- Compliance documentation
👉 Many assume:
“Too risky → must be cash”
💡 The Truth
Financing may still be possible depending on:
- Scope of repairs
- HOA response
- Whether the subject unit is impacted
🧠 Strategic Listing Advantage
If positioned correctly:
👉 You can:
- Expand your buyer pool
- Avoid “cash-only discounting”
- Attract educated buyers
🎯 Bottom Line
The issue isn’t the condo.
👉 It’s how the deal is explained and financed
🔎 BROKER’S EDGE – Smarter Real Estate Lending
🤝 Looking out for your Best Interest, and Helping Homeowners, Investors & Small Business Owners since 1990
📞 Steven Hook | Residential & Commercial Mortgage Broker
📱 415-260-9376 | 📠 415-449-3428
🎓 MBA | CMPS | CMA
👉 Schedule a Call
🌐 SanFranciscoLoanOptions.com
🌐 shook@Uamco.com or smhloans007@gmail.com
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This content is provided for informational purposes only and is not a loan commitment or guarantee of financing. Loan programs, rates, terms, and conditions are subject to change and borrower qualification. Individual results may vary.
