In San Francisco – If You Snooze, You Lose – Even in This Real Estate Market

2 Different Days.
2 Separate Clients.
2 Homes.
What do they have in common?
In the last two days, two separate buyers that I have been working with have experienced the exact same situation. 
Both have an ideal vision of what their future home will look like, and both have high standards for this future home - meaning it’s not the kind of home that’s a dime a dozen and it isn’t the kind of property that comes around often in this market. 
In the last two days, a home meeting each client’s list of wants and desires has seen a price reduction putting that home within my clients’ reach.  Each home was on the market for more than 30 days before the recent price reduction.
In each case, I let my clients know about the property immediately when I saw the price reduction.  But in both cases, my clients weren’t able to move fast enough on the properties, and their dream homes (or at least the dream homes that met today’s budget) slipped through their fingers.  Both lost out on homes they would have loved to live in and would have been proud to call “home” by waiting
So… what’s the point of my ramblings?
Even if a property has been on the market for a while, if you think it has a chance of being the one for you, you have to act fast!!!! 
As I’ve said many many many times before, SF real estate is NOT doing bad, and even though the market has shifted in the buyers’ favor in many cases – buyers still don’t have the luxury of waiting to see a place that might be right for them or waiting before writing an offer if they decided they truly want the home. 
If you’re serious about buying a home, you must approach the search for your home with dedication, and in many cases, urgency – or you might miss out on a home that is truly right for you.

Luba

Reader Interactions