In the last week, I’ve shown 28 houses to 7 different buyer clients. A couple of them have found the right home for them and we’re working on offers. One of them is in a multiple offer situation right now. Another agent in my office was involved in a different multiple offer situation yesterday. A couple of my sellers are working on offers too. Negotiations on both sides seem to be taking longer, but deals
If there’s one mantra that you’ll hear from the real estate community, it’s that “Real Estate is local.” We don’t want you looking at what’s going on in California and Arizona and extrapolating that the same behavior is happening in your market. Because most likely, it’s not. Each market reacts differently based on the local economy, housing stock, demographics, and a host of other factors. Unfortunately, I believe there is another equally important phenomenon that
This real estate market really has me scratching my head. In the past two days, I have been in two multiple offer situations with different buyers. In each case, my buyers “won,” but of course it was a stressful time for my clients and me. The first house was on the market for 3 days. The second house was on the market for 1 day. The houses were in different towns. We found two properties