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Fullerton Real Estate - Upscale homes being bid up, multiple offers syndrome

By
Real Estate Agent with Foust Team Real Estate Sales, Master Certified Negotiation Expert DRE # 01400567

No matter what level of home that is for sale, it now appears that the good ones are bid up above list price.  Fullerton real estate is undergoing a real unique period, now the higher end homes for sale are getting multiple bids in two days.  We just experienced that for a home in Fullerton that had nine offers in the first three days, the listing agent then gave us all a second chance to offer "Best and Highest" in order to pick the winner.  WOW -- we have seen this at the low ball - bargains - but not at the upper levels custom, premium homes.  All we can say is WOW, what happened to the buyers market.

Check for comparable neighborhood prices at www.foustonline.com, Home searches will help you to see what the market is saying.  Also review neighborhoods to get a comparison of the areas.