You, too, could find yourself in multiple offers.
Alan's right. This stuff happens! If you combine a good price and good condition (and sometimes you just need a good price), your buyers need to be prepared to come in with their best offer.
If you have comments, please leave them for Alan.
The general consensus, out there in the dark scary world of real estate, is that nothing is selling. Or at least, very little, is selling.
Nothing could be further from the truth. Yesterday, I once again, found myself in a multiple offer situation. This would be approximately the sixth multiple offer situation I've been in this year. Sometimes I'm on the buying side, sometimes on the listing side. But either way, more than one buyer vying for the same property. In a couple of those cases, pushing the purchase price up and over the listing price.
What does it take to find yourself in a multiple offer situation? It's simple. The property has to be priced on the low end of reasonable. That's right... on the LOW end of reasonable. There are still buyers out there, and they're looking for good values. And they've seen enough properties to recognize a good value when it hits the market. They're not afraid of the market, they recognize that prices have fallen dramatically over the last few years, and they feel that this is a good time to purchase a home, for them.
So, when a well-priced property shows up on the market, they pounce on it. And sometimes
Don't let the pundits convince you that there are no buyers out there. They're out there, they're just far more educated, and far more discriminating these days.
ALAN MAY, Realtor®
Specializing in Evanston Real Estate and North Shore Real Estate
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Coldwell Banker Residential Real Estate, 2929 Central Street, Evanston, IL 60201
847.425.3779 Cell: 847.924.3313 Email: Almay@aol.com
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