Realty World – City of the Bay

Home buyers shopping in San Francisco end up viewing different types of condos in our market. The sub-types we have here are; Condos, Loft Condos, TIC and Co-Op (cooperatives). When walking into a TIC you may wonder what the differences are. Isn’t TIC a type of ownership, much like joint tenants? Yes it is but in San Francisco, while it is a type of ownership and not a legal type of property it means more than how you hold title to real estate. One of the legal experts in San Francisco on TIC ownership is Andy Sirkin. Andy has been an influential player in educating and creating TIC contracts. He has two videos about TIC ownership that are extremely helpful for any home buyer considering purchasing a TIC verses a more ‘traditional’ condominium. Check out part 1 and check back for part 2.