How Long Is “Long” in Today’s Market?

Friday, February 27th, 2009 @ 2:09 pm | Buyers, Market Trends, Real Estate, San Francisco, Sellers

“How long has this place been on the market?”…is by far the most asked question at an Open House.

Pacific Heights (East) In San Francisco CA - One Bedroom Condo with Parking & Storage for $588,000

When, in fact, the real question is?related to price and condition questions:

1.?? “How much time do I have to get my offer together?”

2.?? “Why is this property still available?”

3.?? “What is?wrong with this property?”

In today’s market, the how long is “long” is now more a statement of?today’s economy and less about “price”, in “move-in” or “brand-new” condition, and/or it’s “a fixer”.

“Long” has to do?more with most people won’t take the risk in getting?what they want.?

With the risks of today’s?economy, come the opportunities of?cheap interest rates,?affordable prices, more pristine properties,? Federal and California State 1st time Buyer incentives, and less competition from other Buyers.

The real question is “How ‘long’ will it take for?Buyers to?realize that the opportunities?of?owning a home?in San Francisco are here and they are able to get what they want today ?”

 

 

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