Quick Pick: 20 Listings ‘Coming Soon’ That You Can Buy Now

by | Nov 26, 2023

Facing an historically low number of homes for sale next year, buyers are in for a potentially epic squeeze. It's time to beat competition and get that special property. The getting is good; get in!

Quick Pick: 20 Listings ‘Coming Soon’ That You Can Buy Now

by | Nov 26, 2023

Facing an historically low number of homes for sale next year, buyers are in for a potentially epic squeeze. It's time to beat competition and get that special property. The getting is good; get in!
Facing a historically low number of homes for sale this coming spring, San Francisco buyers are in for a potentially epic squeeze amid pent-up demand unleashed by falling mortgage interest rates. It’s worth repeating that even if rates continue down over the next 6 months, the potential savings to borrowers will all but certainly be canceled out by price gains — and that’s not factoring in the expense of renting, foregone equity-building, and homeowner tax benefits. Right now, in this early stage of a full-fledged market recovery, the getting is still good. It’s time to get in!

Access to Coming Soon listings not visible to the public can make all the difference in scooping up that special property with little or no competition. The selection below is only a fraction of what’s out there. Click the images for additional information, and please get in touch to see more. But first…

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CONSULT WITH A LOCAL LENDER AND OBTAIN PRE-APPROVAL

› This is essential before making an offer, and can take anywhere from a few days to a week or more. Consider speaking with more than one lender and making them compete for your business. Having your loan file already reviewed by the underwriter will allow you to make a stronger offer. If you plan to stay put in your new home for only a few years, choosing an adjustable-rate product will lower your interest payment. Contact us and we can point you in the right direction.

GET FAMILIAR WITH HOMES FOR SALE AND RECENTLY SOLD

› Homes today are more likely to sell at or near the asking price, but this is by no means a rule. Egregious underpricing is still a common strategy used by sellers and their agents to attract interest (and multiple offers). Be willing to compromise on your wants — if you wait to find the perfect home, you’ll be waiting forever. You can upgrade and personalize a property but you cannot change its location.

COMMIT TO ONE AGENT AND TOUR HOMES TOGETHER

Let’s talk! There are dozens of off-market and coming soon listings in San Francisco which are not marketed to the public. Properties in San Francisco are not straightforward and value isn’t always obvious. Your agent should always see any property that you may consider purchasing. They should also obtain the seller’s disclosure documents, actually read them, and review them with you as part of your due diligence. Whether you make an offer or not, consider it education.

MAKE THAT OFFER, BABY!

› Buyers today have an opportunity to negotiate price and all sorts of terms. The worst that can happen is that the seller says no. If your offer is not accepted outright, you can try to find middle ground, agree to everything the seller wants, or choose to walk away. In San Francisco, buyers and sellers use a purchase agreement and other standard forms not used outside the city. Working with an experienced agent who knows them inside and out, respects the local customs, and presents a buttoned-up offer on your behalf will give you an advantage.


All images courtesy of SFAR MLS.

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