WHAT EVERY SUMMER HOMEBUYER SHOULD KNOW

There are many reasons to buy during the summer months. You will be able to move during pleasant weather and you’re more likely to meet neighbors as more people will be out and about. If you plan on buying a home this summer, you may need to arrange showings, inspections and the closing around your summer schedule, but it will pay off when you can enjoy the rest of the summer evenings in your new backyard. Read on for what you should know if you plan on buying a house this summer.

The Summer Buying Season is an Extension of the Spring Buying Season

Especially in low-inventory markets, the summer buying season is a continuation of the competitive spring market. This means you should adhere to the same buying criteria as you would during the spring selling season. Here are some tips for navigating a low-inventory market, regardless of the season:

• Put Your Best Offer Forward: Your first offer should be your best offer, and you won’t typically be able to negotiate much. Sellers usually accept the highest offer, often above the asking price.
  
  
• Avoid Homes at the Top of Your Budget: If you don’t want to go over your budget, avoid looking at homes at the top of the range. This is because homes will often sell over the asking price, putting the house at a price you weren’t planning on paying.
  
  
• Buy With Renovations in Mind: Buying a completely turnkey home isn’t wholly realistic in a low-inventory market. Viewing properties with a remodeler’s eye can help you see past imperfect layouts. Working with your broker, your offer may be more appealing if you indicate you won’t request repairs. Having a contractor, architect and designer lined up before purchasing a home will help you better visualize any changes you want to make and enable you to move quickly once your offer is accepted.
  
  
• Be Ready to Move: Low-inventory markets typically have a quick turnover and shorter contract lengths. This means that buyers need to be able to close and move quickly. Therefore, when you put an offer on a property, you should have a packing and moving plan in place. Closing quickly could also make your offer more appealing to sellers. 

Recent Wins

PENDING!

834 Clayton, 

San Francisco, CA 94117

3BR 1.5BA | 2,800 Sq Ft

PENDING!

3066 Grey Eagle Drive, 

Walnut Creek CA 94595

3BR 2.5BA | 2,246 Sq Ft

COMING SOON! 

569 Crestmont Drive, 

Oakland, CA 94619

4BR 3BA | 1,704 Sq Ft 

OFF MARKET! 

436 Barnegat Ln,
REDWOOD CITY, CA 94065

1BR 1BA | 811 Sq Ft 

OFF MARKET! 
400 Mariners Island Blvd UNIT 205, 

San Mateo, CA 94404

3BR 2BA | 1,439 Sq Ft 

Your McNally and Associates Team

We are Still Here for You!

Times are changing and we are starting to open up and get back to "normal". 

We are still here working hard for YOU

Here is how we are being here for our clients, while also staying compliant:

1. Virtual Meetings - We are hosting virtual buyer consultations and listing appointments via Zoom. This allows us to be "face-to-face," while also maintaining a safe physical distance.
   
   
2. Virtual Home Tours - Have a home to sell or want to buy? We are offering virtual showings and home tours so you can still tour the properties you love.
   
   
3. Interactive Video Showings - We can take buyers on a virtual journey through a home with sight, sound, and motion. Get all of your questions answered in real-time, just like an in- person Open House!
   
   
4. Virtual Neighborhood Walks - Take a tour of the neighborhood with virtual neighborhood walks so you can get a 360 degree neighborhood video showcase.
   
   
5. Live streams - We are doing Live streams on our Social Media platforms with different guest speakers, so you can ask questions and stay informed during these unprecedented times.