Homes Are Moving Quickly!

June 19, 2009 · Adam Chinn · 5 Comments

cartoon-house-running I recently started working with some first time home buyers. We made an appointment to view four homes in Daly City and South San Francisco. They have not had much experience viewing homes and wanted to get their feet wet to see what was offered in the current market.

As always, I do my best to preview the homes I show, as to gain as much knowledge as possible about the homes we are going to view.

What we were surprised to find out is that, out of the four homes we planned on viewing, 3 of them were marked pending or were going to be marked pending soon. All of the homes were vacant and have been on the market less than a month. Read more

Old School Pricing Is Out and Price It Right Is In

May 26, 2009 · Lee Ginsburg · 6 Comments

Many sellers are determined to set their listing price higher than they are willing to accept so they have room to negotiate. With the New Millennium buyers they unfortunately will not get any offers. Today’s buyers are more educated than any others. The internet gives the buyers the opportunity to research all public records. They know the price of all the homes in the area that sold recently and are on the market. They know the trends, the cost per square foot; they know what the seller paid for the home and how much they owe and sometimes the improvements the owner has completed. If a home is over-priced the “New” buyer is almost offended that someone would expect them to purchase it at the “Over Valued List Price” so they don’t even make an offer. Many don’t even waste their time to view the home. That is the old school pricing method. My parents would have done that. Back then information was not so accessible. Read more

Open House TOOOOO Crowded ???

January 20, 2009 · Shokoofeh Nowbakht · 9 Comments

Last week I had a really busy open house. I don’t know if this is particularly good. I don’t know if I were able to answer everyone’s questions and concerns. I tried to respond a little loud so that everyone in the room would hear me. I didn’t always had a chance to greet everyone as soon as they walked in the door, or hand them a flyer soon enough. I don’t think the buyers like a too busy open house either. I have heard complaints from my clients that he couldn’t move in the hallway, couldn’t see the kitchen well enough, or didn’t get a chance to check out the garage as well as he wanted. Read more

Bay Area Real Estate’s – Perfect Storm

December 10, 2008 · Lee Ginsburg · 6 Comments

Perfect Storm = Low Interest Rates, Low Prices, and Lower Inventory.

We have all the ingredients.

If you have been waiting for prices to stabilize you are on the cusp of being late.

Homes in Daly City, San Bruno, San Mateo, San Francisco and South San Francisco are selling. To keep up with the demand Bank of America is falling behind on appraisals and is hiring outside appraisers. I spoke to a termite inspector yesterday. He had 5 inspections scheduled for the day. Need I say we did not speak long. There is a buzz in my office. Conference rooms are filled with buyer’s consultations. Banks dealing with short sales are moving faster and be more aggressively. If you are a first time home buyer or a seasoned investor; jump in, the buying is great. It is a PERFECT STORM for you. Low Prices, Low Interest Rates and Lower Inventory. Getting a Loan in not impossible
http://www.pruvoices.com/2008/12/gettin-a-loan-is-not-impossible/

If you are busy with the holidays maybe meet with me (877-Lee Sells) or your favorite realtor just to get updated on the market so you are ready to take advantage of the Best Buyer’s Market in 30 Years come January.

www.leesellsmore.com
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/30/RE8014CT0J.DTL