If you’re looking to buy a home right now there may be some opportunities for you.
Right now what we are seeing in some parts of San Francisco and the bay area is less competition meaning not as many multiple-offer situations and less overbidding for homes.
We are also seeing a lot of homes going for the asking price or in some situations less than the asking price. If you do get a seller to sell their home for under asking, you could ask them to give you a credit towards your closing costs or to buy down your interest rate to offset the high-interest rates that we are dealing with currently.
The other reason this is a great time to buy is that buyers can now take their time and do their due diligence before closing on the property. Many offers now come with contingencies, which gives the buyer more time to inspect the property.
So there are a lot of ways to save money on your home purchase right now if you are ready and able to buy a home in this current market.