When selling or buying a home in a hot market, it is normal to get multiple offers. Sometimes, if the market is hot enough, the offers can start getting quite competitive, with bids going higher and higher.
Like any product or service, the law of supply and demand impacts home prices. When the market supply is low, price increases.
The supply of homes for sale in the starter and trade-up home markets are so low, that bidding wars are common.. even now in the winter months.
Increased demand during the spring and summer months tend to be a busier season in real estate, will no doubt influence how many homes will continue to sell over list price if the home is priced right. Buyers are more savvy and better educated, especially those who have been searching for a while and waiting for new inventory to come on the market.
Our 20+ years of experience negotiating offers and counseling clients gives our sellers an edge on the what is needed to accept the right offer in a multiple offer situation.
Furthermore, we can help you increase your chances of making the winning offer in a bidding war for the house of your dreams.
If you are thinking of selling your home, now may be the time to do so before more competition comes this spring.
Let’s get together to determine the demand for your house in our area.
Call Us TODAY!! 248.379.6651
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