My Life as a San Francisco Realtor: May 2014

How do Home Sellers handle Multiple Offers?

How do Home Sellers handle Multiple Offers?

Here in the San Francisco Bay Area multiple offers are still the norm. Demand is high and inventory of homes / condos for sale is low. The tech industry has brought in a lot of people with money to spend!

Here in San Francisco's West Portal neighborhood where my office is located, 9 homes sold in the past six months. The selling price averaged 12.5% over asking, with an average 21 days on market. Median sales price of $1,385,000.

How do home sellers handle multiple offers? It's a combination of many different details: 

1. The highest offer

2. The best mortgage-qualified buyer

3. The offer with no contingencies

4. The all cash offer

5. The buyer who can close the fastest. 

Ho do home sellers handle multiple offers?

 

John M Scott, Broker / Owner, Scott Keys Properties, Certified Distressed Property Expert (CDPE), Council of Real Estate Brokerage Managers (CRB), serving San Francisco and the surrounding San Francisco Bay Area

Comment balloon 0 commentsJohn M. Scott • May 22 2014 01:33PM
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