Is Summer the Right Time to Buy in San Francisco?
The lazy days of summer are upon us, a time when people typically take vacation. This generally means that the summer months tend to see a slower real estate market in the city. Why might this be a good time to shop for a home in San Francisco?
- Because there are generally fewer buyers, there are fewer transactions. This means you could face less competition when bidding on properties.
- Fewer buyers also means that properties that have been on the market for several weeks might cause sellers to be more motivated, allowing you to get a better price.
- Interest rates are nearly at an all-time low (again) -- but will possibly inch up at the year progresses. There's no time like the present.
Forget location, location location; this is about timing, timing, timing. Give me a call today so we can get that house hunt started!