Selling

Competition Heats Up With 5 Offers Per Home Sold

I am a realist. With record lows in single-family inventory, this paints an ugly picture for the buyer (and the seller who needs to find a home.)

Single Family Inventory SupplyAccordingly to the February 2022 REALTORS® Confidence Index Survey, there were nearly five offers for every home sold in February, higher than in recent months. This intensity will likely continue over the next few weeks as the spring market is upon us.

Some Quick Facts, according to the study

  • 48% of buyers’ offers were above the list price
  • Buyers typically lose two homes before succeeding on the third try
  • 84% of listings were on the market for less than a month

But it’s not all doom and gloom. We are MAKING PROGRESS in this market.  

Top Choice Real Estate had a record-breaking month last month!!!

Call me at (317) 625-0655 to see how we are making good things happen in this Market

 See what we can do for you!

Real Estate Broker in Indianapolis

And only 10% accept??

iBuyers companies continue to make the news with their gimmicks on offering a faster, more convenient way to sell a home. I just saw an interview with the Zillow CEO, stating, “…while people would come to our site (iBuyer) and we’d give them a good offer, only about 10% accepted the offer.”

Let that sink in…. “A good offer” and “Only 10% accepted”

I’ll bet that less than 5% of people who received offers actually sold their homes.  That’s less than 1/10 of what a good Realtor would get done for their clients.

There’s a whole LOT more to taking a property from “For Sale” to a successful closing than the technocrats understand.

At Top Choice Real Estate, we are with you every step of your journey. We have a long track record of getting the job done for our clients. So give me a call to see how we can help!

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