Don, I have had several multiple offer situations here in Central New Jersey over the last few months.  If only the public would believe us when we tell them!

That is very good news indeed. I look forward to seeing some of those myself- can't wait!

Don,

Congratulations....that is exciting news....business is picking up here as well but not so many multiple offers

Hi Lisa - That's part of the problem.  The public doesn't believe it.  That is, until they lose out on a multiple offer situation.

Debra - It's not happening with all homes.  But we are now seeing more of them. Only on homes that are priced right.  And, it may take 2 months before it happens.  It is a bit odd that after a few months on the market, suddenly there are multiple offers on the same day.

Julie - It's exciting news, except for the cases where my buyers lost out!  Is the market balancing out?  I'm not so sure about that.  But, homes priced for the current market are certainly selling.

Yes, its strange - I once had no offers, then 'poof' - six offers in one weekend.  The only difference was some fresh paint - just goes to show you how important condition is and how sometimes so little can mean so much.

Congrats! I have seen an increase in the past few weeks. A few of my listings that hadn't been shown in awhile have had multiple showings this week!

Lisa - yes, condition is right up there in importance with price.  It all matters.

Rob - hopefully those multiple showings will lead to multiple offers for your sellers!

Don, this is great news.  You know you hit the nail on the head.  The property 'HAS TO BE PRICED RIGHT'.  I've been saying this for almost 2 years now.  Fixer upper in Brookfield?  Hummm.  I grew up in this town.

Hi Valerie - Yep - it has to be priced right!

Dear Don, i miss your smile........price your home right.......all of our short sales have at least 3 offers, some have 5 or 6...........even though the process is slow we are starting to see the light......the end is near for most.........yeah........how the heck are you? sounds like your busy.........that keeps you out of trouble.........as hard as that may be..........don't you miss the bay area?  I know you miss me........

truly,     terry o

Hey Terry - Of course I miss you!  And I'm glad to hear someone misses my smile!

Yes, we're not all doom and gloom these days.  Yes, we have a lot of short sales.  Yes, we have foreclosures.  Yes, we have homeowners in trouble.  But we also have buyers.  The buyers are slowly but surely starting to resurface.

Homes still aren't selling as quickly as they were in the past, but they are selling - if you price it right.

And, yes, I try to stay out of trouble...

Price your home right - BINGO!  Our market is so red hot and with 10 months of absorption we are seeing multiple multiple multiple offers.  I have had some agent friends get upwards to THIRTY, yes 30 offers on properties priced right!

Property priced right? Chris Griffith was nearly lynched in Florida for saying that in her newspaper column.

Renee - Glad to hear the Vegas market is coming back.  I love it over there.

Maureen - It all has to do with price.  Buyers won't buy a home if it's overpriced.  Agents probably won't show a home if it's overpriced.  The problem is some sellers don't want to believe they have to price their home to sell in the current market - not based on what their neighbor sold their home for two years ago, not based on what new construction is selling for, and not based on what they "want" to get for their home.  None of those factors matter.

Don Chris wrote that sellers in a development needed to reduce their prices in her local paper and a developer took out an ad to address it...  ??? 

Maureen - the developer took out an ad to address it?  That's actually kind of funny.  Market value is market value.  Want to sell your home?  Price it at market value.

I can't keep up with the story... Chris has made waves.

Maureen - a voice of reason in this real estate market is, I guess, enough to make waves amongst those that don't want to accept that prices have dropped.  It's not the end of the world - it's just what the current market is!

Don, you're on the money ;-).  My team listed a home earlier this month here in Richmond - great condition, well-maintained.  Within a week we had 3 offers, one at above asking price.  Our clients were pleasantly surprised to have choose which offer, since terms are just as important as offer price, to take.  There are buyers out there - people still need to buy and sell real estate.  Agents just need to be honest with their clients and sellers need to price their homes correctly at the beginning of a listing.

Phil - There are definitely fewer buyers out there than there were a year ago, but they are still out there.  They're savvy buyers who will not overpay for a home.