Leave a Message

Thank you for your message. We will be in touch with you shortly.

The Biggest Mistake Homebuyers are Making in this Market

May 17, 2024

The Biggest Mistake Homebuyers are Making in this Market

Hey there, savvy home seekers!

Are you on the hunt for your dream home in the San Francisco Bay Area? Chances are, you're scouring listings, attending open houses, and keeping a close eye on those fresh-to-market properties. But hold on just a sec! What if we told you that some of the best deals and hidden gems might be the homes that have been sitting on the market for more than 30 days?

I know what you're thinking: "Why would I want a home that 'no one else wants'?" Well, we're here to debunk that myth. Homes lingering on the market past the 30-day mark often get overlooked, but they can hold incredible potential and value for the savvy buyer. Here's why:

  1. Opportunity Knocks: Think of these homes as diamonds in the rough. They might not shine brightly at first glance, but with a little polish and vision, they could become your dream home. Properties that have been on the market for a while are ripe for negotiation, giving you the chance to snag a fantastic deal that others might have missed.
  2. Don't Judge a Book By Its Cover: Just because a home hasn't flown off the market doesn't necessarily mean there's something wrong with it. In many cases, it's a matter of pricing and/or poor presentation. Sellers and their agents might have failed to highlight the property's true potential by presenting it unstaged (gasp!), using sub-par photography, or not holding regular open houses. Or, perhaps it's simply overpriced!
  3. Less Competition: In a hot real estate market, competition can be fierce. But homes that have been on the market longer tend to have fewer eyes on them - back to that mentality of avoiding homes that "no one else wants". This gives you a competitive advantage as a buyer. With less competition to contend with, you'll have more negotiating power and a better chance of securing the home you want at a price that works for you. Wouldn't it be nice to avoid the infamous San Francisco bidding wars, if you can?

So, the next time you're scrolling through listings and come across a home that's been on the market for more than 30 days, don't just scroll past. Take a closer look, as us to schedule a showing, and see for yourself what hidden treasures might be waiting to be discovered. With a little patience, vision, and a willingness to look beyond the surface, you could find your perfect home in the most unexpected places.

Happy house hunting!


Recent Blog Posts

Stay up to date on the latest real estate trends.

Top Real Estate Agent in San Francisco Bernal Heights, Alec Mironov Real Estate Agent
Bernal Heights Real Estate Market Update

November 19, 2024

In the last two weeks, there have been 9 home sales in San Francisco's Bernal Heights neighborhood. Closed listings range in price from $725,000 to $2,350,000. The clo… Read more

Top real estate agent in San Francisco's Noe Valley neighborhood, Alec Mironov with Pacific Edge Real Estate Group.
Noe Valley San Francisco Market Update

November 19, 2024

In the last two weeks, 8 homes sold in San Francisco's Noe Valley neighborhood. The closed listings range in price from $587,000 to $7,000,000. The listings have a med… Read more

Top real estate agents in San Francisco's Sunset District, Alec Mironov with Pacific Edge Real Estate Group
Sunset District Real Estate Market Update

November 19, 2024

In the last two weeks, there have been 21 home sales in the Sunset District. Closed listings range in price from $1,100,000 to $2,230,000. The closed listings had a me… Read more

Top Real Estate Agent in San Francisco Portola Neighborhood Specialist, Sean Komarmy
Portola Real Estate Market Update

November 14, 2024

In the last two weeks, there has been 7 home sales in San Francisco's Portola and Excelsior neighborhood. The closed listings range in price from $701,000 to $1,525,00… Read more

Top Real Estate Agent in San Francisco Bernal Heights, Alec Mironov Real Estate Agent
Bernal Heights Real Estate Market Update

November 5, 2024

In the last two weeks, there have been 9 home sales in San Francisco's Bernal Heights neighborhood. Closed listings range in price from $1,100,000 to $2,995,000. The c… Read more

Top real estate agent in San Francisco's Noe Valley neighborhood, Alec Mironov with Pacific Edge Real Estate Group.
Noe Valley San Francisco Market Update

November 5, 2024

In the last two weeks, 9 homes sold in San Francisco's Noe Valley neighborhood. The closed listings range in price from $818,000 to $5,890,000. The listings have a med… Read more

Top real estate agents in San Francisco's Sunset District, Alec Mironov with Pacific Edge Real Estate Group
Sunset District Real Estate Market Update

November 5, 2024

In the last two weeks, there have been 21 home sales in the Sunset District. Closed listings range in price from $1,300,000 to $3,100,000. The closed listings had a me… Read more

Top Real Estate Agent in San Francisco Portola Neighborhood Specialist, Sean Komarmy
Portola Real Estate Market Update

October 31, 2024

In the last two weeks, there has been 8 home sales in San Francisco's Portola and Excelsior neighborhood. The closed listings range in price from $780,000 to $1,400,00… Read more

Client Success Story

October 28, 2024

Fast forward to today: Redfin estimates the home is already worth $203K more than when it was purchased in September 2024.

Let's Talk

You’ve got questions and we can’t wait to answer them.