supply vs demand: What’s Going On with Bidding Wars? - 03/12/19 09:38 AM

In a strong seller’s market, like the one we have experienced over the past few years, bidding wars are common and expected. This makes sense! A seller’s market is defined as a market in which the inventory of homes for sale cannot satisfy the number of buyers who want to purchase a home.
According to the Cambridge English Dictionary, bidding wars occur when two or more parties repeatedly outbid each other as they compete to purchase something- in this case, a home.
In some areas of the country, first-time buyers have been met with fierce competition throughout their experience. Some have been out-bid multiple times before finally winning … (1 comments)

 
Tony Morganti, CRS, ABR, SRES -  Cuyahoga Falls, Stow (RE/MAX Crossroads in Cuyahoga Falls and Stow, Ohio) Rainmaker large

Tony Morganti

CRS, ABR, SRES - Cuyahoga Falls, Stow

Cuyahoga Falls, OH

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RE/MAX Crossroads in Cuyahoga Falls and Stow, Ohio

Address: Cuyahoga Falls, OH, 44223

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