Due to limited inventory, coupled with pseudo pricing on short sales and foreclosures, more buyers will find themselves competing over the attractive listings. It will not be unusual for sellers to receive multiple offers on their home as long as they have the right pricing strategy from the beginning!
Multiple offers may drive up the prices to market value but buyers will refuse to pay over market value. The stiff competition will cause frustration and confusion among buyers who will find themselves going head-to-head with investors. Cash is still KING, so… cash buyers will win every time over buyers who need financing.
This means it will be more important than ever for home buyers to hire an excellent negotiator to help them navigate and WIN the home, as well as, making sure proper financing is in place prior to writing an offer to be extremely competitive in these situations!
Our team can help with over 21 years experience! Contact us to find out how you can WIN every time!