Home > Blogs > Dana Basiliere > Dana Basiliere's (dbasiliere) Blog

WHAT, Its not a buyer's market??? Multiple offers???

By Dana Basiliere

Real Estate Agent with Rossi & Riina Real Estate VT# 082-0007326

September 10, 2012 08:03 AM

WHAT, Its not a buyer's market??? Multiple offers???

Yes, that’s right, multiple offers. This is happening with more frequency that both buyers and sellers realize. If the “potential sellers” knew how our local real estate market (Chittenden County, Vermont) was they would be calling to list their houses.

For the past few years some sellers have been waiting for the market to get better. Well while they were waiting it happened. If you don’t believe me just ask my buyers. Strong sellers market in Burlington, Vermont They have had the experience of having a house they were offering on receive multiple bids … not once but twice to the same buyers. I have cautioned buyers in general

"When you finally pick the house you want to persue… jump on it", do not hesitate or throw a real low ball in. Come in with a wise and thoughtful offer after discussing it with your agent and leave it open for only one day or two at the max. Get the negotiations done promptly lest it become a multiple bid situation.

My advice to potential sellers is … call me at (802) 238-3939.

Multiple offers on homes for sale is happening in South Burlington, Underhill, Jericho, Burlington and Essex Vermont. Other areas maybe too but the Greater Burlington, Vermont area is HOT!

... If you need or want a devoted REALTOR®

call Dana Basiliere @ 802-238-3939 or email Dana@VermontisHome.com

To search homes try my website

Re-Blog

Comments(15)

Comment

Show All Comments

Sort:

Jim Patton

Aspire Home Real Estate 209-404-0816 - Modesto, CA

Realtor - Stanislaus ,Merced, San Joaquin Counties

Dana - More and more parts of the country are starting to experience this. I guess we just have to keep letting the public know.

Sep 10, 2012 08:13 AM

Robert Bob Gilbert

Berkshire Hathaway HomeServices Anderson Properties - Katy, TX

Your Katy TX ( West of Houston) Real Estate Expert

Dana,

I like your ad for your services and when it becomes a Sellers market buyers might have waited too long. We have a sellers market here in Katy and inventory is getting slim. Sounds like you have the same situation in Vermont.

Sep 10, 2012 08:46 AM

Dana Basiliere

Rossi & Riina Real Estate - Williston, VT

Making deals "Happen"

Barbara --- it’s refreshing to hear Vero Beach has come around that strong.

Jim --- I am finding that the hardest part. They hear me and believe me intellectually but on a more primal level there is still fear that the market fall back off at the drop of a hat. Some of us older folks have seen this cycle a couple times.

Robert --- So Katy TX has a low inventory too. Well I was just explaining to a young couple today that there was only 1.8 months inventory in the market they were shopping. (there was only 3 houses that met their criteria close enough to consider offering on and they just lost one to multiple offers) A good balanced market should have about 5 or 6 months inventory. (IMO)

Sep 10, 2012 09:20 AM

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

Dana, Those buyers in the Vermont area better take your advice and give you a call so you can look out for their interest especially if it goes to a multiple offer situation.

Sep 10, 2012 09:26 AM

Debbie,

Thanks for your vote of confidence. It can be frustrating when we agents know what the buyers should do and if we “tell them” it seems pushy or bossy or could even come across as self-serving when we are just trying to get them the house they want for the best deal. After they lose one or two, and when the events unfold exactly as predicted they start to listen. It’s all good, and at least things are moving fast enough to be a problem for the buyers. (:o}›

I could not help myself. I am taking a blogging boot camp and I like to fool around with the blog editor.

Sep 10, 2012 10:29 AM

Kathy Sheehan

Bay Equity, LLC 770-634-4021 - Atlanta, GA

Senior Loan Officer

I have several clients that have found themselves in multiple offer situations.

Sep 10, 2012 11:14 AM

Dana Hollish Hill

Hollish Hill Group, JPAR Stellar Living - Bethesda, MD

REALTOR * Broker * Coach

Dana - There have consistently been multiple offers in our area in some neighborhoods. Especially for modernized homes. Our inventory has been low and with the low interest rates, investors are back in the market. Dana

Sep 10, 2012 11:37 AM

Kathy,

Good to hear that Georgia has a strong market too. I don’t know where the national press gets their information. They should talk to the people on the ground.

Sep 10, 2012 11:41 AM

Glad to hear it’s good near DC. We all just need more listings. Thanks for stopping by everyone.

Sep 10, 2012 10:05 PM

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

Dana, multiple offers seems to be a 'buzz' word in my town - as long as the home is priced right! Average days on market is less than 60 days for a home priced up to about $700K! So, we need more inventory...

Sep 16, 2012 03:36 PM

Melissa Brown

Helen Adams Realty - Charlotte, NC

Realtor - South Charlotte NC Homes for Sale

Dana, I'm seeing LOTS of multiple offers here in Charlotte, too. Buyers just don't get it until they've lost out on a house they love. It's time to get serious if you want it!

Oct 08, 2012 06:47 AM

Praful, That’s good news that our New England cousins have a strong market too. I believe you may have a better high end than we do. Our inventory over 500K is fairly strong.

Melissa, yes they never believe us until losing one or more homes they really like. I have had buyers shake their heads in disbelief and still try a low ball offer. Hmmm… still not quite believing it.

Oct 08, 2012 10:13 AM

Gloria Commiso

Keller Williams - Hermosa Beach, CA

Hermosa Beach

Hi There read my blog discussing getting a multiple offers accepted

the langauge of your offer

Oct 29, 2012 07:02 AM

Hi Gloria,

Thanks for stopping by. I will check out that blog.

Oct 30, 2012 01:58 AM

Comments(15)

Dana Basiliere

Recent Posts