As of the end of Sept we had 2.8 months supply of housing. This is a low number. A lot of buyers and not enough desirable inventory to choose from. Basic supply and demand is here to stay until we get to a balanced market where there are 4-6 months supply of inventory.
The key word here is DESIRABLE housing. There are plenty of homes out there that not everyone is clamoring and competing for with multiple offers. They may have health and safety issues that need correction, or the house is on a hillside with many steps to the house, or limited parking, or not the "perfect" school district that everyone seems to want, or any combination of these factors. If you're willing to look at homes that Don't fit the perfect model that everyone's looking for, you can still get a good deal and perhaps even UNDER asking price. I've got buyers in contract now on a house that will sell under asking. But, it's in one of the best neighborhoods in the county with arguably the best schools.
I have a Marin Housing Statistics PDF I can send you. Just let me know. 415-272-1813... more
I'd suggest you call a real estate attorney. This is a legal question and beyond the scope of a real estate agent's license to give you any advice whatsoever.
I can refer you to a local Real Estate attorney who is excellent. Let me know if you require his name.
Dear Ms. Smith,
The biggest problem is finding an excellent property management company to handle your property. As with other things, no one cares the way you do. When you purchase out of state, I would expect you will have to visit at least monthly, in order to be certain everything about your property is being maintained as you want it to be.... more