Bay Area housing market frenzy: ‘Cash is king in terms of speed’


For a two-bedroom home nestled between the Castro and Noe Valley in San Francisco, one prospective buyer was so anxious he plunked down an offer — a very attractive one at that — before the seller’s agent had set an offer deadline.

Out of courtesy, the seller’s agent gave other would-be buyers a chance, which generated seven more offers and ignited a bidding war. The original bidder then upped his price to $1.53 million and sealed the deal at 33 percent above the asking price for the home,…

Previous Rooster & The Till partners begin construction on new restaurant in Seminole Heights (Renderings)
Next Toronto company closes $5.3M land banking deal in Atlanta for large national homebuilder

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *