Posted: 05/22/2018

Looking to buy a home in San Francisco? As you may have heard, it is not uncommon for San Francisco homes to go above asking price. What creates bidding wars is low inventory of available homes in the San Francisco market, which means buyers have fewer home options to choose from. San Francisco is 49 square miles of prime real estate and a prime location for many buyers.  A two-bedroom home in San Francisco recently sold for $1.53 million — 33 percent over asking — thanks to multiple offers. Not an uncommon occurrence.

Home buyers put a lot of effort into looking for a new home. There is a lot to consider. Home buyers will often spend hours exploring neighborhoods, wandering through open houses, imagining how they would remodel the space. When they find the home they want, it’s hard for them not to get their heart set on it. Having to go out all over again and go through the process of researching more neighborhoods, schools and more open houses can be tiresome and even frustrating, which is why so many are willing to enter bidding wars.

Guarantee Mortgage has an answer for that, our pre-approval program called Keys on Time! Bay Area home buyers are in a very competitive market if they’re looking to buy in San Francisco, or surrounding areas. Our Keys on Time program allows for potential buyers to get pre-approved and puts them at the front of the line for the home of their dreams. Keys on Time helps you stand out from other home buyers taking away the guess work for financing approval.

Sellers look for the strongest offer. Besides pre-approvals, like our Keys on Time, there is one another [...]