This past week, I have gone to make appointments for an out of town client only to find several houses that have just come on the market are under offer. Good news for our area, bad news for buyers as many still think it is a buyers market.
Now we don't know till they settle if these houses sold for asking price, or if they will make it through the inspections and mortgage contingencies without problems to settlement. However, it is an indication that there are buyers out there, with the low mortgage rates, who are prepared to get off the fence if the right house comes along. One of these homes even had three offers, something I know many buyers in this market don't like but may have to face if sellers are pricing their homes correctly for sale.
So, if you are buying along the Main Line, be prepared to move quickly, whilst I know we all like a deal act sensibly when making an offer and hopefully you will move through all the contingency periods to settlement smoothly.