Wednesday, August 20, 2008
The Dog Days of August: Let's Make A Deal
August is typically one of the slowest months of the year when it comes to real estate. A majority of sellers hold off bringing their properties on the market until the Fall, and many buyers and agents are on vacation. So right now, it's a real mixed bag. Many of the buyers with whom I'm working are somewhat discouraged by the lack of inventory meeting their needs, but others are focused on slipping in and getting the rare San Francisco real estate "deal." In fact, two of my clients are purchasing a house in Sunnyside right now for $15,000 less than the asking price. The first offer fell out of contract because the initial buyers couldn't obtain financing, so we stepped in and are now getting what I would certainly define as a deal. The house is in great shape, needs practically no termite work, and will put a great roof over my clients' heads. Chalk one up for being in town and ready to buy.