It's true! We are actually experiencing a seller's market on some of the homes selling in the Cedar City, UT, real estate market! What do I mean by that? We are getting multiple offers on the real bargains! There are buyers who are watching the internet every day on websites where they can search the MLS themselves like www.homesincedarcity.com. They watch certain homes they like as the price gets periodically reduced. Then when the price becomes a bargain, they make an offer. The interesting point is that makes a seller's market for those bargain or foreclosure homes because there are more than one buyer chasing the bargains! They make offers too! That makes a multiple offer situation similar to the hot market we experienced a few years back on these bargains and foreclosures.
We have one buyer that has been chasing the bargains for several weeks. He'll call us and tell us which home he wants to see. We'll present an offer for him, and suddenly there will be 2 or 3 more offers to compete with. This happened 2 or 3 times, and then all of a sudden he realized there were more than just him chasing the bargains. He realized he would have to offer near full price or more to be the chosen offer! He finally did just get one accepted by offering near the purchase price, so it didn't take as long to negotiate back and forth on the home for sale that he wanted. He got his offer accepted in thenick of time as another buyer was preparing to pounce on the home that night at 5 p.m.
Join the fun! We can either do the search for you for the Bargain Homes and foreclosures, or you can click on search MLS on www.homesincedarcity.com. How do you tell the bargains? You just search in your price range for the nicest homes for sale with the most square footage for the least dollar amount. You ask Janet's team at 435-865-1019 to show you the best homes. They can show yo every home no matter which office has the listing which saves you hours of time to work with their team. Then you offer on your favorite house. You'll want to offer close to the listing price. If you offer way low, it takes too long to negotiate and you will probably have to deal with other offers coming in to compete with yours. That's what I was telling you about that happened to the recent buyer I told you about in the above paragraph. You already know it's the best buy anyway, so if you want the home, you'll want to offer quickly and get your offer accepted quickly.