As the spring market starts to heat up and more properties come on the market, you can’t help but notice that many places are going over asking again with multiple offers. 

Now, does this mean that you have 7 offers with $100,000 over?  No, not across the board; but I have heard of 3 different properties for sale in San Francisco’s Noe Valley and Eureka Valley that sold 4 days after they were listed with multiple offers and went for at least 10% over. 

The good thing to remember is that sellers are finally being cautious, and if they really want to sell, are not bringing their places on the market for ridiculous prices.  Because of this, though, if buyers think it’s a great value, or a great place, you may have to deal with multiple offers to get the place you want. 

Fear not. in my experience as sellers see that this is happening and they have more faith that their places will sell, we have hope that there will be more inventory, which in turn will give buyers more to choose from. 

Good luck to all and Happy Spring.