The forecasted appreciation for in the Bay Area is expected to be 3.6% over the next year and 30.9% over the next 5-years. This may help you evaluate the amount, if any, that you might be willing to offer above asking price.
If you decide to delay your purchase, the market will not remain idle and you may miss out on appreciation gains. And many people don’t consider the additional benefit of amortization that would have occurred while you’re waiting.
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