Pacific Heights is a posh residential neighbourhood in San Francisco. Renowned for its architecturally significant mansions and prestigious spectacular buildings, this is a prime and proper district which epitomizes old-world elegance. Its quiet manicured streets are home to Pacific Height's jaw-dropping architectural grandeur. This is the perfect place for wealthy inhabitant who are looking for fancy suburban solace. Also referred as "Gold Cast", Pacific Heights welcomes San Francisco's bold-faced names and the well-off elite. The neighbourhood is characterized by high-end boutiques, private schools, upscale restaurants as well as knockout loveliest views of the bay. The elegant neighbourhood is a little off the beaten path and provides an exceptional lifestyle to its community.
San Francisco has always been considered as one of the luxury real estate leaders thanks to its dynamism and its attractiveness. Therefore, this is one of the favourite destinations of American billionaires.The luxury real estate market in San Francisco is buyer's market and this upmarket represents 20% of the real estate transactions held in San Francisco. The market is particularly influenced by seasons as the wealthy population does not hesitate in taking summer or winter holidays. Besides, more and more high-end constructions are being built, which enlarge buyer's range of choices. This is a good period for buyers, who can enjoy a little decrease in prices.
Before any investment, the potential buyer will have to contact a professional of the real estate sector. The latter will need his client's passport and other administrative and bank documents to testify his identity and his solvency. The buying process is really fast (around one month). You do not need to have the American citizenship nor the famous Green card but you are required to provide a social security number (SSN), which is obligatory to fill in the tax return (that is only $100 for a property).
Besides, it is highly recommended to purchase an insurance regarding the ownership title in order to be secured in case of potential recording error.