This is crazy! After several years of having the pick of the litter for buyers, we are now experiencing bidding wars. One client has been out bid 8 times in the last couple of weeks. We start with a new listing check it out, decide to write an offer, offer as much as 20% over asking and then find out there were 20 offers and we were beat out! It is heart breaking.
Many sellers may be saying, “no one is writing on my house.” All I have to say to them is, “you are over priced!” Properly priced homes are selling in 30 days or less right now and as I mentioned some areas are bouncing up.
It is good to see this change in the market, but hard on buyers and their agents!
480-652-2004