If your a buyer and your price range is around $300,000 your probably finding a whole lot of competition out there. Multiple offers are the norm for homes that are priced competitively. Contrary to what you may read, if your making offers 10%-20% under asking price your probably not getting the response from the sellers (or banks) that you had hoped for. My advice is to stay the course, do your homework, analyze the comps, and most important.....Listen to your Realtor and not the people who are closest to you. This market we are in is constantly changing and evolving and unless you do this for a living you truly have no idea how to generate a game plan for making offers. Oh, one last thing, do not, and I repeat do not listen to the media. They speak in general terms, not specifics that apply to your goals and plans.
Here's an article that goes into detail about our market in Sacramento and the frenzy of multiple offers being generated.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment