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The Number Of Offers On A Single House Is Sometimes Staggering! |
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I know that you've heard that it is a strong seller's market and there is lots of competition amongst buyers for many new listings -- but did you know HOW extreme it has become in our local market? Two houses are referenced below that have come on the market in the past month or two. Neither of these were my listings, but I did have a buyer make an offer on each of them -- and the buyers missed out -- their offer was not the chosen one... Anonymous Property #1 Priced between $200K and $250K 16 offers within 48 hours Anonymous Property #2 Priced between $275K and $325K 17 offers within 48 hours Indeed -- 16 offers on one property, 17 offers on the other. I believe each had 30+ showings in the first two days. Wow! A few thoughts...
Again, it is staggering how much unmet buyer demand exists in the market these days. It's a great time to be a home seller. It's a rotten time to be a home buyer. :-/ Recent Articles:
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
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