Took a client out last week to show houses and we found a great one for his low price range. It was in great shape for being priced at $54,900. He could move right in without having to do really anything to the property. I told him if he is even the least bit interested he should jump on it because it was going to go quickly.
Well, a couple days later we put the offer in and gave the lender 3 days to respond...sure enough that 2nd day another offer comes in! UGH, my buyer is wondering how can that be..the market stinks right?!
Well, locally, some price ranges are doing just fine, especially if the house is in good condition. So another lesson learned here...even in a "tough" market, multiple offers do happen.