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Real Estate Feeding Frenzy
Inventory is low, a shortage of homes on the market, and many more buyers are vying for the same properties. Agents are reporting multiple showings at all times of the day and night. They allow appointments to be set up by Showing Time, a great service if used correctly. This is where good real estate can make a difference. As a listing agent, I know who sees my properties, not a flood of showings using a lockbox from early morning until after dark. Of course, we want to make it easy for agents to set online appointments, but I still personally confirm and contact the agent and meet them at the property. Agents around the country say they have dozens of showings and multiple offers in the first few days. Are they bragging or complaining? Buying a house is not a marathon sport that has to be rushed to see who has the most activity. No wonder everyone is so upset. Buyers literally fighting and feeling entitled to see and offer on every new listing. Whoa! Slow down. When a new home comes on the market, set times for it to be seen. Respect the owners, find out when it is convenient to show. ... more
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