With inventory (supply) low, the Tech sector / IPOs ripe, and interest rates at historical lows, demand for property has grown exponentially as the year has progressed in 2012. In turn, all-cash and incredibly sophisticated Buyers are left by the wayside, unable to compete in a frenzy of bidding wars taking place over home ownership. Luckily, this is where I come in.
See, I employ a strategy called a ‘Sharp Bid’. It is an old school strategy, but works in today’s market if executed properly (and with the right tact). By submitting a Sharp Bid, you are ultimately telling the Seller you will pay an ‘X’ amount over and above the highest offer received, thereby trumping the ambiguity often found in your competition, and winning the property. Do you pay over the asking price? Yes, nearly always; but, this is the nature of the current market dynamics in San Francisco, which begs the approach if you want to own an appreciating asset in this beautiful City.
I am happy to discuss the various nuances found with submitting a Sharp Bid, as there are several pros and cons to consider before going this route. Feel free to contact me anytime.