Get it Today, It May Be Gone Tomorrow

By
Real Estate Broker/Owner with M & M Realty of Brevard Inc. BK629999
https://activerain.com/droplet/4zzT

 

Get it Today, It May be gone Tomorrow by Sandy Shores Melbourne real estate

Recently, an attractive new property came on the market at $199,000. It looked like something my buyer may really like. So, I sent the information to him the day the property hit the market. I asked if he would like to see it and he said he would like to take a look the next day at 2:00. My concern was that it may no longer be available the next day.

When I called the listing office for showing instructions they told me that they had one offer to purchase on the home and the promise of another one coming in. Wow, that’s fast! This was the first day on the market!

We viewed the well cared for home the next day and my buyer really liked it. It had most of the amenities he was looking for in a house. He said he’d like to take some time to think it over. As we were talking, a call came in from the listing agent indicating he had received a second offer on this property.

My buyer opted out. He said he didn't want to get into a bidding war. He didn’t want to be rushed into what he felt might be a hasty decision. I understood.

With low inventory levels, we are continuing to see prices heading upwards. And, as uncomfortable as they may seem, often we are in multiple offer situations.  Unfortunately, a buyer must be able to make a quick decision on a house when he sees the one that he likes. In this market, we don’t always have the luxury of waiting an extra day.

Multiple offers due to Low Inventory Levels

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Florida Brevard County Melbourne
Groups:
Realtors®
Posts to Localism
Adventures in Real Estate
REALTOR LIFE
Tags:
multiple offers in brevard county
sandy shores melbourne real estate broker
get it today
gone tomorrow
brevard home buying
low inventories in brevard

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,498,636
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Good morning Sandy Shores Realtor®, Melbourne Real Estate -

We like the saying, "You snooze, you lose."  It certainly rings true in the real estate.  It's smoking hot market!

Mar 10, 2015 11:57 PM #1
Rainmaker
671,751
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

John McCormack you're right, today if you wait, you've lost. I know that can be uncomfortable for some buyers, but it's just the nature of our current market here in Brevard. Inventory is low so prices are climbing and we are dealing with mulitple offers.

 

Mar 11, 2015 03:00 AM #2
Rainmaker
4,797,361
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

When something good comes on the market at an attractive price, it might just be worth fighting for.  Though, it's certainly your clients option.  I'm guessing he will learn from this.

Mar 11, 2015 08:47 PM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
671,751

Sandy Shores FL Realtor®, Melbourne Real Estate

Brevard County Real Estate, Florida's Space Coast
How can I help you?
*
*
*
*
Spam prevention

Additional Information