It's a sellers market!
This past month, we have represented Northwest Indiana Home Buyers who have been in
multiple offer situations where a Multi-Offer Disclosure Form has been sent back by the
seller asking for an extension of time to review all offers and giving buyers an opportunity to bring their highest and best offer back to the table.
When buyers have the option of paying Cash for a home, this type of financing may have more leverage in a multiple offer situation since an appraisal is not required, therefore there will be no issues with finding recent SOLD com-parables at above list price and no underwriting approval as there is no loan needed!
The economics of supply & demand apply =
Less move in ready inventory for sale in NW Indiana (supply),
and more buyers (demand) especially in certain price points (below $350K),
make for a competitive bidding scenario in homes that are in popular locations
and in good condition.
Like this Crown Point Indiana Townhome that sold.
We represented the Buyers in the winning bid.
Our years of expereince as REALTORS (since 1999) have taught is
REAL ESTATE is CYCLICAL.
We have been through low inventory and bidding wars before.
We know the strategies to recommend to buyers and IF they follow our advice, they usually get the home they want.
If we can be of service to you in representing you as your buyers agent,
Please give us a call or text 219-309-9930.
We look forward to helping you too!
Please click the various links to read what our clients say about using our professional services to help them by providing solutions to their real estate needs.
With approximately $3.6 billion in annual sales and more than 18,000 home buyers and sellers represented annually, F.C. Tucker Company is Indiana’s largest independently owned comprehensive real estate firm with more than 40 offices and more than 1,500 sales associates throughout Indiana and select markets in Kentucky. Less than one percent of all real estate firms have the longevity of F.C. Tucker. Founded in 1918, the company’s family of businesses includes a full range of real estate services—mortgages, title insurance, relocation services, a full line of insurance products, auctioning and homeowner warranty products. F.C. Tucker has earned a reputation for its exceptional service, experienced sales associates and “Golden Rule” commitment to its clients and employees.