- This market is crazy and insane and many things are just not going to make any sense to you or me (even though I live it).
- I can guarantee you 99.99% of the listings e-mailed to you will no longer be available by the time you get here.
- Properties are selling in a snap.
- Properties are getting multiple offers within a few days of being on the market, the most offers I've heard a house had recently was over 44 offers. New homes are in the similar situation. No inventory.
- This market is crazy and insane and many things are just not going to make any sense to you or me. (I'm still living it).
- 40% of all transactions are cash purchases, which makes it harder for the buyers who are financing to get their offers accepted.
- We have half of the inventory we had a year ago and four times as many buyers as we did a year ago.
- Chances are we will have to submit several offers (somewhere around 17) to have the chance of getting 1 accepted.
- This market is crazy and insane and many things are just not going to make any sense to you or me.
- You will wait not knowing if you have a house or not because banks take 2 to 3 weeks to respond, because this market is crazy and insane..
If you have any doubts about what I just said, spend a couple days with my buyers and me and you'll see how it REALLY is.
Berkshire Hathaway HomeServices Sound Realtors - Olympia, WA
Yikes!!!! Penny we are seeing homes get multiple offers too. It is a good thing, but it is something I can see ending as soon as all of the bank owned and short sale inventory starts to come to a dribble. With what we are seeing with market conditions, it appears we will be seeing this for the next few years. Good luck.
Oct 19, 2009 07:51 AM
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists
Wow, the market in Vegas is much different than here in Cleveland. Glad to see that homes are selling quickly.
Oct 19, 2009 08:04 AM
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