The housing market is crazy right now. With low inventory, the housing market is seeing prices increasing, bidding wars, and a lot of discouraged buyers. As a buyer's agent, and with the low inventory out there, almost every house I show a client has multiple offers and the highest and best offer they are seeking out. I get asked a lot, "Do you know what the other offers are?" I always answer with "no". Agents truly do not know what the other offers are. It is extremely discouraging to tell clients that they are up against 10+ other offers. How do you win? Well, that will be another blog post.
But I am talking about supply and demand here. With the low inventory on the housing market, selling your home may seem a whole lot more appealing because you can cash in. I am also an investor, so I do list my flipped properties and we have gotten to take advantage of the market. We are also receiving multiple offers and driving our list prices up. But again, we are also overpaying for our flips on the front end (again because of supply and demand). This is all great for the economy and will eventually work its way out.
Have you experienced losing out on a home because there were other offers? Do you want to buy a home because the interest rates are unbelievably low?
If you are thinking about listing your home - I'd love to help. Or if you are looking to purchase and get to take advantage of historically low rates please call me today!
