Continued Low Inventory – Multiple Offer Situations

The news is out – I’m sure most of you have heard from someone that the inventory levels in the real estate market today are extremely low.  Most well priced homes, in good condition, are getting multiple offers and are selling for a fair amount over list price.  Buyers are also doing whatever they can to win the bid, including waiving inspections, waiving appraisal, and writing house love letters.

Buying in this market has become one of the most difficult things to do in real estate.  In order to win a bidding war one of the most important things that buyer’s need to do is to make sure that your financial house is in order.  In addition, you need to make sure that the bank you are choosing to work with is one that is well respected in the local market for their ability to get the mortgage process done quickly and efficiently.  Not all lenders are equal in this respect and if you choose the wrong one, you may end up losing the house of your dreams.

Likewise, selling in this market is not for the faint of heart.  If you don’t know what you are doing, or you have an agent who is inexperienced with this type of market, you could stand to lose a lot of money.  Managing a multiple offer situation sounds like it would be easy, but the reality is that is can be super stressful.  Making the wrong choice when it comes to choosing an offer can put your money and your sanity at risk.   Not to mention the legal pitfalls of being accused of discrimination because you chose one offer over another. 

Fortunately, my team and I have a ton of experience with this type of market and we are in the trenches every day fighting for our clients.  We have proven strategies and tactics to make your offer look the most attractive to a seller.  We help our seller clients maximize their profits all while minimizing their stress.  If you or anyone you know are thinking about buying, selling, or investing in real estate, call us!  We can help! 

Helping YOU is What We’re Here to Do!

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