After things started to cool down in 2006 the market turned in Buyers' favor for a long time. Not any more. The combination of huge influx of money, cheap financing, and lack of inventory has had huge positive impact for sellers over the last 6-8 months.
Our Buyer clients are frequently coming up against properties where there are 10+ offers, many over ask. Just looked at a 2 unit in Cow Hollow for $2.5M and they had 8 offers in a little over a week.
We had a 4 unit TIC building that we couldn't give away last year. Listed it a couple of months ago and all 4 were in contract within 14 days at full price.
SELLERS, if you have been thinking about selling your property, Now is the time, but my opinion is that this window of opportunity will not last as long as the last time because Europe and the rest of our country are in turmoil and the zynga, twitter, facebook money isn't going to last forever. Back in 2005 everyone was feeling good and doing well.
We have tons of buyers that may want to buy your property, and there are a whole lot more out there, many with all cash, who are waiting for your place to come on the market. Contact us now for an evaluation of your home, condo, tic, or multi-unit property - it may be time for you as well....
For a free expert consultation contact Owner/Managing Broker Lance King at 415.722.5549 or
King Realty Group - Better Service. Better Price. Better Results
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