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From Doug's Desk: What Does This Seller's Market Mean for Me?

The real estate market is largely a story of supply and demand. When you mix historically low interest rates, unusually low inventory, a surge of urban dwellers migrating to the suburbs and millennial buyers purchasing first homes, a perfect storm emerges for an unprecedented Seller’s Market in most Bay Area communities, especially in the mid-level price ranges.

I have been on both sides of the buying frenzy, representing Sellers with fifteen offers and representing Buyers trying to stand out in the pack. And the truth is, it’s not a simple task on either side of the coin!

So, what is the takeaway of today’s real estate environment?

SELLERS: If you are ready to make a move, now may be a great time to sell your home. Many homes are experiencing multiple offers with very favorable terms in a highly competitive market. In order to get top dollar for your home, I highly suggest a premier marketing strategy which may include staging, home inspections, custom websites and curb appeal updates. Call me for a CMA (Comparative Market Analysis) of your home and together we can make informed decisions for the best way to approach your home sale.

BUYERS: But what if you are a buyer in the midst of this frenzy? Don’t despair! New listings are available daily. I promise to garner all the information possible from the listing agent and from agents representing pending sales in the neighborhood to provide you with the best information available. In addition, I’ll work closely with you and you loan officer to write the cleanest, most enticing home purchase offer we can without compromising what’s best for YOU.

Your needs are always my highest priority. Questions? Call anytime

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