home value: Shift from Multiple Properties to Multiple Buyers
- 04/30/12 11:47 PM
We are starting to see a shift in our market. Where just last year it was common to see offers state “buyer is offering on multiple property and will buy only one” now we are seeing multiple buyers offering on the same property. In one situation a cabin in rough shape on a town lot hit the market Friday and by Monday had 7 offers. Two of the offers for above ask and one by nearly 130% of ask price. I have suggested that buyers consider the value of the property, not what will someone else likely bid. … (2 comments)
We are starting to see a shift in our market. Where just last year it was common to see offers state “buyer is offering on multiple property and will buy only one” now we are seeing multiple buyers offering on the same property. 
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