No, You Can’t!

<p>Oracle, Redwood Shores</p>

Oracle, Redwood Shores

I Don’t Get It

Well, you can but why would you want to? At the risk of irritating you, I’m going to get real here. If you want to buy a house and you know there are many other people who are interested in that very same house – in other words, there will be multiple offers – why would you ask if I think that submitting an offer 5% under the asking price will get you the house?

Hot Hot Hot

I keep saying…the first-time buyer market in San Mateo County is hot! Is anybody listening?

Same Ol’ Story

I try to educate my clients. I try – really I do. I show them houses. I show them statistics. I show them the history of the market. I tell them – oh wait!

But we have to learn by experience – our own experience. And home buyers want to submit their offer. And that’s fine – for a while. But I don’t want to bash my head against the wall too many times. At some point you have to read the writing on the wall.

Ain’t Gonna Happen

You and the rest of the world has waited for the bottom of the market. Now that we’ve hit bottom and are bouncing back everyone’s out there trying to buy at the same time. Add in the $8000 credit and you’ve got a frenzy on your hands.

Here To Stay?

Is the market going to stay that way? I don’t know. Is it worth the risk of waiting to see what happens? Up to you. I don’t think so – if you plan to buy for the long term.

I Told You So

If you touch the stove you’re going to get burned. If you do that with your eyes they’re going to stay that way. Don’t take candy from strangers. And if you wait too long interest rates and home prices will rise, the 8k credit will be gone, and you’ll be out of luck. It’s inevitable.

But you didn’t listen to your mother – I didn’t.  Thought I had it all figured out – so why should you listen to me?

Thanks for reading the San Mateo Real Estate Blog.
I love comments. So please leave one!
Vicki Moore, Realtor
Alain Pinel Realtors, specializing in San Mateo, CA Real Estate.
Need real estate help?
Contact me at 650.888.9268 or Vicki[@]CallVicki.com.
Pictures of San Mateo County

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Vicki Moore About Vicki Moore

Office:
RE/MAX Star Properties
282 Redwood Shores Parkway
Redwood Shores, CA 94065

By Phone:
650.888.9268

Comments

  1. Eugene says:

    Foreclosures: ‘Worst three months of all time’
    http://money.cnn.com/2009/10/15/real_estate/foreclosure_crisis_deepens/index.htm?postversion=2009101507

    8k credit will definitely affect a decision to buy a 1m house.

  2. admin says:

    You’re not alone Eugene. A large percentage of first-time buyers are saying they would not have purchased a home without that credit. I was at an economic conference yesterday so I’ll be posting stats and more from that soon. Check back for more info. Lastly, remember that real estate is local – what affects one neighborhood doesn’t necessarily affect another.

    Thanks very much for your input.

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