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STOP - The Multiple Offers !!! We are not used to this !!!

It's a Buyer's Market Right? Well not so fast. Multiple Offers are back - and back in force.

It seems almost every offer I am writing now is in Multiple Offers. One set of clients have lost 2 (damn close to full price) offers in the past week. We are writing offer #3 on a new property and guess what - the agent just received another offer.

Now this is a part of the DC Metro area that I don't; nor do I think many would; consider it a "HOT Area". It's just a plain old, close-in, suburb in Maryland.

Well we will be writing the strongest offer possible. This market is taking on a new face. The bottom? Been there - done that.

YOU MISSED IT.

Contact James Downing of the Downing Real Estate Group, if you are selling, buying or have questions!

Office: 202-362-5800 Cell: 703.244.3971

Licensed in Washington DC, Virginia & Maryland.

Coldwell Banker Residential Brokerage - Chevy Chase
5028 Wisconsin Ave NW Suite 100 * Washington DC 20016

Posted by James Downing - REALTOR®,GRI, ABR - DC Real Estate on 06/24/2009 08:10 PM

Comments (4)

Multiple Offers = Bottom on the Market Is Gone... in the Real Estate Market Channel

washington dc, market report

Originally posted at: DC Real Estate News: STOP - The Multiple Offers !!! We are not used to this !!!

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4 Comments on STOP - The Multiple Offers !!! We are not used to this !!!

JUN

Wow...mulitiple offers again. Something similar is happening here....due to the inventory getting lower and lower.

Jim..I think it is a late Spring Market..I hope it stays like this..Time will tell..Good Luck..Market is Picking up here also..Thank you

HelpfulHannah your friend in Philadelphia twitter this

I think it is because of the tax credit. But I agree with you in that multiple offers can be very frustrating.

JUN

James, yup! I had a three way in Brookland! BROOKLAND! Yikes! Made me crazy - and we didn't get it! Grrrr!

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