Can buyers see they have to be bold and aggressive when writing an offer in this market?
How can the real estate market have changed so drastically? And it isn’t just in Alameda , Oakland or Piedmont CA.
Last year, my buyers were able to negotiate price, terms and conditions...
Last year, my buyers didn’t have to compete against other buyers.
Last year, there were more properties to choose from because buyers weren’t motivated enough to buy.
But that was last year.
Lickety-split, the real estate market turned. And buyers need to be aware that writing an offer for less than list price is insane, especially when we know that price is at less than market value.
REALTORs give buyers as much information as we can
- Yes..there are other offers expected
- Yes...multiple offers on short sales and bank-owned properties, too
- Yes...offers will be at over list price
- Yes...this property is listed at less than market value (and our CMA proves it)
- Yes...it’s happening everywhere. Properties don’t stay long on the market. So don’t wait until the weekend to see it
- Yes...interest rates are still the lowest they've been in forty years
- Yes....home prices are still much lower than where they were at the peak of the market.
- No....it’s not a buyer’s market
Can buyers see they need to be bold and aggressive when writing an offer?
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