Friday, March 09, 2012

The Latest--
Well, rates continue at or near historic lows! Interest for 30 year fixed rates dropped to 3.88 this week, while the figure for 15 year fixed hit a new all time low of 3.13%--unbelievable! As Chubby Checker used to say on the song, Limbo Rock, "How low can you go?" Great time to be a buyer or a seller with money this cheap and many many people trying to find homes to buy!
Speaking of selling, recently a trend has reappeared in Marin--perhaps not as overwhelmingly as in the early years of the last decade, but still there nevertheless. What am I talking about? MULTIPLE OFFERS! Homes that are done--ready to go--are often receiving multiple offers from buyers. This past week we personally had our two newest listings go into escrow with multiple offers--both homes listed for over $1 million. The first received six offers (no typo there), while the other received a pair of fine offers. Another listing of ours just closed yesterday after receiving three offers, and....well, you get the picture. We are seeing an increasing amount of this in all parts of the county, so if you've been thinking of selling, how can you do any better than a combo of historically low rates and multiple offers?
Give us a call: Peter: (415) 279-6466 or Jane: (415) 531-4091. We'd be happy to help you experience the same success in today's market!


Post a Comment

<< Home