Buyers are desperate I can tell because of the strange things that are going on in the market. Here in South Florida we have all seen a buyer put in multiple offers at the same time. well just this week we received two offers before the house was even available for showing! The seller asked if maybe the selling price is too lower? We reassured our customer that we felt the price was accurate , and the early offer will be asking for some kind of discount for what ever reason.
Another story for the books was a REO in Cutler Bay. Before the closing the Buyer bought appliance and had them delivered to the house. Before we could get the Buyer to remove the appliances someone stole a kitchen full of appliance. HINT Why do you think Fannie Mae stopped putting in appliances in the vacant home? This story could of gotten worst in the past two year we had to deal with squatters about 20 times. At first it was taking about 6 month to get them out. What if squatter moved in to this same house and when they left they took the appliances?
Lastly I have seen Buyer go in to homes a do repairs so the the lender will approve the loan, or will the lender approve the loan? These are signs of desperation could this be the bottom and thing will get better from here? I like to know what the rest of you think.