Tuesday, February 25, 2014
Monday, February 3, 2014
Monday, January 27, 2014
Friday, January 24, 2014
Thursday, January 16, 2014
Wednesday, January 15, 2014
Thursday, January 9, 2014
Reports are in from lenders and active Brokers - multiple offers are back.
The last 3 homes I have written offers on for customers have had 4, 5 and 5 offers a piece, all within 0-2 days. In all cases, the sale price was 5-10% over the list price. The homes were north, in and south of Seattle.
What does this mean?
1. Sellers near median family pricing (average house prices in your area) need to take seriously the stress of the listing process. You and your agent need to think about the day you put your house on the market, the traffic you will receive, the way in which you will consider offers AND...
2. How MAD you can make buyers, agents and local neighbors. If you mismanage the offer review process, you may have a deal on your house, but also agents (not me) and buyers resentful enough to hassle you even after your house is sold. If you have bought/sold in multiple offer situations, you know what I mean :)
3. Buyers should be shopping UNDER your pre approved price range by 0-20%. That way, you actually have a chance of escalating your offer to a price you can pay.
4. Buyers should be ready for writing 0-4 offers before getting a house. Try your best not to marry the house you are making an offer on :)
5. Buyers setup auto emails in your favorite real estate website so listings are immediately sent to your smart phone. Then, have your agent preview immediately; you can gather your family up if your agent thinks it is worth the hassle.