Buyers Undeterred by Bidding Wars

    Buyers Undeterred by Bidding Wars

    Feb 17, 2021

    From Realtor Magazine:

    About 40% of potential buyers who’ve been searching for a home say they haven’t bought a house yet because they keep getting outbid, according to a new survey by the National Association of Home Builders. A year ago, the primary reason cited was unaffordable prices.

    This is certainly born out by what we're seeing here in our market. With the possible exception of the extreme upper-end, just about any properly priced listing is under contract within days of hitting the market and multiple offer situations are increasingly common.

    If you're thinking about selling, there hasn't been a better time to do so in years. If you're thinking of buying, we highly recommend getting a Realtor to help you (any of ours would be an excellent choice!) and working with them to make sure you are in a position to make the most attractive offer possible when you find the house you're looking for.