It is a well observed fact that house sales during the spring and summer months are double that of the house sales during the winter and autumn periods. This is a sweet relief for many who have suffered in the hands of the winter draught, but it is…
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1 Comments on Foreclosures and Multiple Offers
Sounds like the same is happening here in the Phoenix area. We are seeing those well price lender owned homes getting quite a bit over the list price with as high as 14 offers in 2 days. So far in my experience, cash is king and winning a strong percentage of contracts. It appears to be heating up a little and creating worried buyers. It has also caused many offers to be placed blind. This is where we see a property go off the market then come back again to receive multiple offers again. Sure is getting crazy!