Yes, this is what I am declaring - on the transactions that I have been on lately whether it is on the listing side or the buying side, it seems that I have been working doubly or triply hard because of multiple offer situations. Important to add: these are not bank-foreclosure properties.
If a property is priced correctly, it is really "market-proof". Buyers recognize that and they will come! Whether we have a good economy or a challenging economy, the fact remains that people will continue to live in houses. No surprises there. People will continue to buy houses even though what I have seen lately are "buys" in their comfort zone instead of going out on a limb to get the one step-up, push-my-limit house. I like this much better. I can sleep peaceful at night.
I need to "massage" several deals to make them work but they are a good kind of work. I am learning a whole new game of negotiations (multiple offer situations: my client is better than yours). So, I am not letting the news pre-determine how my market (the Frisco TX real estate and greater Dallas metroplex areas) is doing. In fact, I don't have time to watch the news. Everything is too depressing while I choose to end the year strong. If you need a little inspiration, read What's Your Plan B?
I'm not a "paint-a-pretty-picture" type of person. I say it like it is. No doubt that the mortgage industry is cleaning up their acts about qualifying. In fact, they should have done this to begin with. But I am dealing (on both sides) with good credit buyers with good down payment sizes.
So, who says that the world is coming to an end? Who says that we are in a recession? Not in my multiple offer situations for sure!
Key Note: Pricing is important and no, you don't have to "give away" your house in order to receive multiple offers. If you live in the greater Dallas metroplex area, let me show you how (shameless plug for me).
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I proudly serve and sell real estate in the northern suburb cities of the Dallas metroplex. If you are thinking about purchasing or selling your home in neighborhoods of Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area and other surrounding areas and more importantly, want to work with a local area expert, contact me immediately.
It is a competitive market, hence it is important that you choose to work with the realtor who knows these communities like none other. I employ a systematic market approach in selling your home - an intentionally unique proposal that most real estate agents do not use. If you care to be on your way to a successful closing, contact me immediately to see how different my proposition will be.
Contact:
Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com
Copyright © 2008 by Loreena Yeo (3:16 team REALTY). You Say The Market Is Down, I Say Multiple Offers.
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