Some days you may feel as though this is the worst time ever - high demand, low inventory, too much competition.
It is counter-intuitive, but between now and the November elections over $4 billion in negative campaign ads will blanket the nation. Their core messages are Fear, Uncertain and Doubt about the future.
If you are confident in your financial position, job and other economic factors you will be in the catbird seat. Many prospective buyers will be afraid, resulting in hesitation. They won't tour homes. They won't write offers. Sellers will become discouraged - and anxious to see offers.
You will have more unsold inventory from which to choose as well as less competition. That's not to say no competition - it's still the Bay Area - but it will feel like a balanced market or, in some areas, a Buyers' market.
So NOW is the time to act. Prepare to write offers with reasonable contingencies that enable you to think clearly and conduct proper due diligence.
You'll end 2016 with a new home you bought at an amazingly good price while your friends are wishing they had acted. Why put off your life goals due to external factors? Let's discuss your goals and discover how to realize your dreams.
View it as a creative challenge, an opportunity to be inventive. A home of your own is central to the future you've been planning for years. Why put off your life goals due to external factors? Let's discuss your goals and discover how to realize your dreams.
Here are just a few off market properties the week of August 19th, 2016
About 20% Bay Area home inventory is being sold without promotion on the MLS or online. This isn't due to a conspiracy.
We currently have low inventory and high demand. That's incentivizing some sellers to allow an agent to sell their home without promoting it on the MLS.
Often it is because the sellers have other priorities that make the traditional home marketing process of decluttering, landscaping, inspecting, prepping, repairing, painting, cleaning, staging, photography, packing up the kids and pets for open houses every weekend, etc. much too stressful or inconvenient. Or their choice could be due to a job change, a medical condition, family situation, skittish pets, kids' schedules, shift work, incompatible work schedules, personal privacy or just plain fatigue.
There are very few for-sale-by-owner properties in the Bay Area. Local sellers know that an agent will obtain a higher price than a sign in the front yard. Equally important, properly addressing the numerous disclosures and regulatory compliance issues will avoid possible litigation.
Use this to your advantage by working closely with an agent who will find what you want without you doing all the work. Buying a home is a team effort.
Good news: There's high demand and low inventory.
If you're feeling stressed about selling your home while dealing with family, work, activities and more pressing issues, you're not alone! You can join about 20% of Sellers and to maximize your net profit while minimizing disruptions to your busy life.