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Crown Point Indiana Townhome Sold for Cash Above List Price

It's a sellers market!
This past month, we have represented Northwest Indiana Home Buyers who have been in
multiple offer situations where a Multi-Offer Disclosure Form has been sent back by the
seller asking for an extension of time to review all offers and giving buyers an opportunity to bring their highest and best offer back to the table.
When buyers have the option of paying Cash for a home, this type of financing may have more leverage in a multiple offer situation since an appraisal is not required, therefore there will be no issues with finding recent SOLD com-parables at above list price and no underwriting approval as there is no loan needed!
The economics of supply & demand apply =
Less move in ready inventory for sale in NW Indiana (supply),
and more buyers (demand) especially in certain price points (below $350K),
make for a competitive bidding scenario in homes that are in popular locations
and in good condition.
Like this Crown Point Indiana Townhome that sold.
We represented the Buyers in the winning bid.
Our years of expereince as REALTORS (since 1999) have taught is
REAL ESTATE is CYCLICAL.
We have been through low inventory and bidding wars before.
We know the strategies to recommend to buyers and IF they follow our advice, they usually get the ... more

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