| Today’s real estate market is incredibly competitive; many potential buyers find themselves competing with other buyers for the same property. Or, in other words, they find themselves in a bidding war—and how they navigate that bidding war can mean the difference between successfully purchasing their dream home or losing out to another offer.
But what, exactly, is the right way to navigate a bidding war—and, just as importantly, what mistakes should buyers avoid if they want to purchase a home successfully? A recent article from realtor.com outlined the common bidding war mistakes buyers are making in today’s market. CLICK HERE FOR THE TOP 3 |
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Buying
JUST RELEASED: LOCAL MARKET UPDATE | MAY 2022
Housing data released by the MIBOR BLC® comparing May 2021 to May 2022 shows:
- An increase in Median Sales Price of 12.8 % to $287,625
- A decrease in Closed Sales of 2.9 % to 3,336
- New Listings increase 6.1 % to 4,217
Despite the rise in prices, Buyers remain eager to purchase homes. Inventory is better (though still tight) and decreasing days on market make this an extremely competitive market. Make sure you have a trusted advisor by your side. Â
When You Hire a Me, You’re Also Partnering with These 11 Pros
Whether you’re putting your home on the market or searching for your dream house, a Realtor is going to help you achieve your goal as smoothly and seamlessly as possible.
From striking the best deal to simplifying that often-daunting paperwork, these pros truly do and know significantly more than their job title implies. In order to maximize your value and minimize your stress level, I must morph into nearly a dozen different roles to get the job done.
Take a look at some of the other hats I wear throughout the course of a single transaction.
