Yes its been quite the week in Real Estate! When I say the market is crazy, I am not kidding. People not making any Real Estate moves look at me as though I gave 2 heads, but for my Buyers in it and experiencing it, they know why wine is a great friend.
I have experienced in the last week 4 homes that I have looked at have been in bidding wars. These ARE NOT bank owned, distressed, under market value, trashed out. Just ‘normal’ sellers who have their homes staged well, priced at market. Viewing these properties is a bit like Macy’s on Black Friday. Yes all 4 are now under contract after multiple offers.
There is a flip side though – Buyers are rushing into decisions and then realizing after getting it under contract, it might not be the home they wanted.
Sellers – on the fence ? Its an amazing time to sell. Call me to list
Buyers – don’t panic – however, do be prepared to act fast and offer a decent price. Do not feel like you are overpaying – its still one of the cheapest time to ever buy a home with mortgage rates being where they are.
I am going above and beyond with my clients, especially for my Buyers who are getting ‘beat out’ constantly. Creativity and patience is the name of the game .. and a glass of wine