Tips for Buying a Home in a Competitive Market

How to Buy a Home in a Competitive Market

thumbs_15Once again the real estate market in San Francisco has become crazy! Buyers are lining up to buy homes in good locations in livable condition.

I have some tips that make buying in such a market a bit easier. 

Prices are continuing to rise while inventory is very low. There are many theories as to why inventory is low but if you’re in the market to buy a house it doesn’t matter. What matters is finding a home you love at the right price*. The point of this article is to give you a few strategies to use in a competitive market. They work for both – the investor and the homeowner.


Read More of the Original Article Here


Tips in a Nutshell

  •  What to Look for – Stale Listings:  Houses on the market for more than a few weeks are called ‘shopworn inventory’ or ‘stale listings’.  If a property is on the market a couple weeks, it presents a potentially great opportunity for a buyer! Don’t gloss over these listings.
  • Go into Back-up Position: If your offer is not the one chosen, then ask to be put in back-up position.
  • Don’t Miss an Opportunity Because the Property Doesn’t Meet All of Your Needs: No property is perfect.  While you are shopping for the perfect home, prices go up and near perfect homes are sold. Prioritize your list of needs and wants for a property according to what cannot be changed.


To download a PDF version of this newsletter click here:  Tips for Buying a Home in a Competitive Market