Real Estate Bidding Wars Heat Up in Some Areas

By
Real Estate Broker/Owner BRE# 01353757
https://activerain.com/droplet/PkK

Bidding Wars Heat Up in Some Areas.

The decision to pursue homeownership may be based on many factors: everything from a friend’s decision to purchase a home or a family member’s advice against “throwing your money away on rent” to your bad experience with a landlord or the noisy neighbors sharing your wall. While all of those scenarios (minus peer pressure, of course) may inspire valid arguments for considering the purchase of a home, how do you determine if you’re genuinely ready to join the ranks of homeowners? After all, buying a home is a massive decision and includes multiple, long-term financial and lifestyle obligations. The average person spends around 1/3 of their income on their home. You’ll still need to do the work to make sure your personal finances and holistic life picture are also in alignment before you buy, as well of the work it takes to ensure that your real estate and mortgage decisions are sustainable and smart, over the long-term. A good Buyer’s Agent is invaluable to a Buyer, and can be the difference between a wonderful transaction, and a nightmare. Here is an interesting article worth a few minutes of your time:

 

 

 

 

REALTOR®Mag

Bidding Wars Heat Up in Some Areas.

Tight inventories of for-sale homes are causing bidding wars on homes to turn “brutal,” The Orange County Register reports. For example, some home buyers in Southern California say they’ve been up against 18 other buyers in bidding wars for a property. 

For some, the bidding wars are causing frustration as they’re forced to get competitive for the home they want and go up against cash buyers…

 

Read the full article.

 


 

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Check:

  • How to increase the chances of getting  More Offers”.
  • How you canPay Less  when you buy from a Home Builder.

 

 

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Call Frank,  Buy or Sell with CONFIDENCE & KNOWLEDGE

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Broker, Agent, or/and MLS provider does not guarantee the accuracy of: 1- the reports, charts, articles, and also the information from links to other websites. 2- Square footage, lot size or other information regarding the conditions or features of properties provided by the seller or obtained from Public Records or other sources as presented in this website. Many articles may be time and date sensitive so please always look at the date posted. Consult your tax advisor, financial planner, attorney, or/and appropriate professionals concerning your personal specifics. Interested parties are advised to independently verify the accuracy.                                                            

                                                          Frank Moham  DRE LIC. #01353757

 

 

 

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Frank Farahbakhsh Moham

ABR®, ePRO®, GREEN®, TRC®, VRM®, SFR®, REALTOR®
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