I keep hearing that the market is picking up.
- my fellow Realtors are crowing about the multiple offers their listings are getting within days of putting the home on the market.
- my fellow Realtors are complaining that they are coming up against multiple offers on properties their buyer clients want to purchase.
- can't get mortgage underwriters to move fast enought to get to settlement,
- homes inspectors can't get out to inspect properties fast enough,
- appraisers taking forever to come out to the home and then send in the appraisal report to the mortgage company.
All I can say is:, "Huh?"
I have four listings on the market (three single family homes and one condo) and
- they are all under $300,000 (a price range right in the "sweet spot" in the MD Suburbs of DC)
- they are all in "move-in" condition
- they are all priced at or below all the comps in their market area
- they all have Sellers that can say "yes" within 24 hours of receiving an offer
- they are all FHA, VA, conventional, CDA, etc. compliant
Yet, they are sitting. They're all over the Internet (should I really advertise them in homes magazines? will print ads really work?), I've done the Open Houses. Yadda, Yadda, Yadda.
Sure. They get showings. Some feedback: "too close to the [moderately busy] road", "smaller than what my clients want", "need additional bedroom on main level", "want a finished basement".
Am I the only one that's running into buyers that have amazingly high expectations? Here's the page where the listings are located -- maybe I'm nuts.
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