buyers market: Buyer's Market? More like Bank's Market! - 04/17/09 07:50 AM
For the past 3-4 weeks, I've been driving my buyer clients around, searching for homes in the $300,000 price range and below.
Time after time, what I am encountering is this: "multiple contracts" or "multiple offers", "highest and best", "no more showings". And most of these properties with these remarks are showing as "Active" listings.
For example, a simple search (3PM Eastern) for Detached homes in Springfield, VA priced $260,000 and below yields 11 properties. Six of them are short sales. The rest are bank owned. Two of the short sale listings indicated there were contracts either being reviewed or that they were … (1 comments)