Two Bidding Wars

As recently noted, the local real estate markets were very competitive in January. I had clients involved in two bidding wars during the month. They were quite different experiences. Property #1 was in a premier location, with an excellent layout, but it needed a considerable amount of updating. The asking price was set rather low, and it attracted a lot of interest immediately. My clients liked the home, and agreed that the asking price was

An Offer’s Strength: Financing


How strong is the bid we just submitted for that property you love? Are you going to get the house? Sellers are receiving multiple offers on a regular occasion this spring. Buyers are lined up, anxious to buy a home, and willing to submit offers on homes as soon as they hit the market. In many cases buyers know they need to write up their best offer immediately – there may not be an opportunity

After the Home Buyer Tax Credit

As of the first of May, the Federal Home Buyer Tax Credit is no longer part of the American residential real estate landscape. The incentive took various forms since it first went into effect in April of 2008, offering cash to both first-time buyers and existing home owners. Looking back, two questions immediately come to mind. How did the credit impact the markets over the past few years? And how will the credit continue to

Sellers and the Home Buyer Credit

In the upcoming months, many buyers will be looking to take advantage of the recently extended and expanded home buyer credit. In order to qualify for the credit, buyers must have a fully signed and accepted contract in place by April 30, 2010 and must close on the property no later than June 30, 2010. If you’re thinking about selling your home in 2010, how does this credit affect you? 1. Expect to see the

Buyers and the Home Buyer Credit

If you are a buyer thinking about taking advantage of the home buyer credit in the next few months (first time or current owners looking to move up), here are some things to think about… 1. You’ll need to have a fully signed and accepted contract in place by April 30, 2010. Given that, you most likely want to start looking at homes not much later than the beginning of February. This will give you