Selling A Home Is A Sprint, Buying A Home Is A Marathon
Scott P. Rogers
"How's the real estate market these days? Moving pretty fast, right?"
Well, yes and no. It depends on whether you are a seller or a buyer. :-)
Indeed, if you are selling your home (or will be soon) the market is moving FAST and the process will seem like a sprint...
- likely many showings within the first few days of being on the market
- likely several to many offers within the first week
- possibly offers at or above the asking price
- possibly offers without typical buyer contingencies
So, yes, the market is moving pretty fast if you are selling your home.
But if selling a home is a sprint, buying a home is definitely more like a marathon!
Many buyers these days are finding themselves making offers on multiple houses before finally securing a contract to buy a home. One of the buyers I am currently representing recently signed a contract on a home after having made unsuccessful offers on five other properties!
So, yes, the market is moving quickly -- but while a seller gets the luxury of running a quick sprint in the house market -- most buyers need to prepare for running a marathon.
