I heard another agent remark recently that Sellers are always the last to know. I hadn’t thought about this before, but in many ways, this is true.
In a declining market, sellers are the last to know when the market is soft, demand is down and prices aren’t what they used to be. That appraisal the seller got 5 years ago when the market was stronger may be off by a hundred thousand dollars. Or more.
Sellers are the last to know when features of their home are not attractive to today’s buyer—that remodel that you did 12 years ago might look a bit tired or dated now. The bathroom tiles that you bought on your vacation in the boonies in New England are not
everyone anyone else’s taste. You get the picture.
Sellers are also the last to know when the market is HOT! How do they miss this? Currently, in San Francisco we are experiencing a market that is very biased towards sellers. Interest rates are low, consumer confidence is high and we have very few homes and condos on the market.
Is this a good time for you to sell your San Francisco property? It might be. Did you know that the market is strong, property values are rising quickly and interest rates remain low? All factors that make it favorable for home and condo owners to sell their property. Is this you? Give me a call and I’d be glad to share current and specific market data that will help you decide if this is the right time for you to sell your San Francisco property.