There, we said it, the words everyone expects us to say, because we’re Realtors, “It’s a great time to buy!” The truth is, it really is a great time to buy (provided you can get funding). There are properties that are getting into contract for ridiculously low prices compared to six months ago, and when they close escrow, some jaws will drop. Buyers are negotiating everything under the sun, and most sellers that are selling in this market do not have the luxury of waiting it out.
Sure, if you buy now, you’re going to look like an idiot to all of your friends because you bought in a spiraling market…but that will be short-lived. Have them over for a few cocktails, show them the nice CeasarStone counters, and wood floors you were able to put in with the money you saved on the purchase. In five years, you’ll look like a champ, in ten, the king of the world (your tiny little world that is, because you really are an insignificant speck of dust in the grand scheme of things, just like us).
If you plan on making San Francisco your home for the rest of your years (as many do), or at least the next 5-10, there are so many opportunities out there, we can’t even begin to point them all out.
There you have it. We said it. It’s a great time to buy (if you can).