Represented the Buyers in a multiple offer situation. Sold $1,800,000.
The fall in the U.S. housing market in recent years is attracting a new
wave of foreign buyers, who are making a dent in the Bay Area and
national real estate markets, the San Francisco Chronicle reports.
Foreign buyers spent $82.5 billion on homes in the U.S. during the 12
months ending in March, an increase of $66.4 billion a year earlier,
according to the National Association of Realtors.
prospective buyers are from abroad, according to the real estate site
Trulia.com, with San Francisco being the most-popular search location.
purchasing excellent properties with cash. Sales are up from last month
and prices have risen. In addition to multiple closings, there has been a
4% increase in sales price vs asking price in July. This is a
substantial increase this year. I feel this market is not going to slow
down given the historically low interest rates, sparse inventory and
pent up demand. We are enjoying a sellers market and it is very strong.
Many homes are selling in record time with multiple offers. This past
month I sold two homes where my buyers were successful bidders over 7/8
offers. Call me to find out how I consistently beat the competition and
win the home for my clients.”—Gina