San Francisco buyers are willing to pay big as the number of homes in the real estate market lessens. This has made the area a virtual “seller’s market”, according to an article on CBS Local:
Realtors are using the words “overbid madness” to describe what’s happening in San Francisco’s housing market. One case in point is a home that was sold hundreds of thousands above the asking price.
Shrouded in fog, and swimming in cash a two bedroom, modern home in the Glen Park neighborhood was just snapped up for $2.1 million.
Arrian Binnings of Christie’s / Pacific Union told KPIX 5, “That wasn’t even our highest offer.”
Binnings said it’s supply and demand, with most homes for sale commanding 12 percent over asking.
It’s hard to blame buyers who passionately bid on properties because many of them have been burned before, no thanks to the inventory problem that the real estate market has had to deal with until recently. Conditions are really good for those who are looking to sell. Make your property worthy of buyers’ attention by offering great value, which you can easily achieve by simply changing your windows in San Francisco.
When it comes to San Francisco windows, there are tons of options available to you. Whatever kind of home you have, you’re sure to find windows that would fit your property perfectly. But adding value these days goes beyond just making sure you have a pretty façade. Renewal by Andersen of San Francisco can help you with that by providing a slew of options that are not just beautiful but energy-efficient as well. The company has been around for years, and has become a trusted name in replacement windows. Some of the types they have available from include awning, sliding, bow, bay, casement, and double hung windows.
(Article Excerpt from “‘Overbid Madness’ Strikes San Francisco Real Estate Market, Home Sold $600K Above Asking”, CBS Local, May 3, 2014)
