bidding wars

Bidding wars and how they work

You are hearing the stories. I know.  “…there were ten offers on every property and everything sells for $50,000 above asking price.” “NO ONE is buying with a home inspection…” “If you don’t have cash, you can’t buy in (name the town here.” The stories are true, but they are not true. Some properties are

By | 2017-05-09T20:50:06+00:00 May 17th, 2017|Categories: Market data and conditions, Negotiating|Tags: , , , |

Bidding wars and better schools

Housing is all about the schools. This created the situation that springtime house hunters face in most areas around Boston. A little perspective: In the book The Two Income Trap, one of the ongoing tropes is that the pressure to send one’s children to “good” schools underlies the competition for houses in well-regarded schools systems.

Multiple offers and deals that fall through

“Did you know that if a seller receives only one offer on your property, that the probability that it will close is 90 percent. If a seller gets multiple offers, the probability that it will close is only 50 percent…” I heard this statistic in a negotiating training run by Bernice L. Ross. I queried

By | 2016-12-28T14:01:00+00:00 April 20th, 2016|Categories: buying process, Buying trends|Tags: , , |

I wish I could send this with every offer

Sellers have the advantage in this market. My office and I work hard to do everything to keep our clients informed. We use every tactic we can find to give our client the best advantage over other buyers in a bidding war.   In order not to grossly overpay or buy without rights, our clients will

2015, a year of living in a seller’s market

How well do exclusive buyer’s agents do, in the face of a tough seller’s market? Here are results for the hardest seller’s market we have faced, ever! Our report card for the first three quarters of 2015: No clients waived their home inspections in order to buy a house. No clients waived mortgage contingency unless

How’d we do? First half of 2015

When the spring market came, it came! The snows in February slowed the beginning, then, wow. Because demand remains high, we are seeing more competitive bid situations (bidding wars) than we did in 2014. We are pleased for our clients who have bought so far this year. Our report card, first half of 2015: All

Year in review: Successful Buying in a Seller’s Market

We are pleased for our clients who have bought in 2014. They bought a house or condo in eastern Massachusetts without bidding wildly over asking price or throwing away their rights. Many had to make multiple offers before getting one accepted. But, in the end, they got the best property they could at the best

By | 2016-12-28T14:01:08+00:00 December 17th, 2014|Categories: About 4 Buyers RE, House Hunting, Negotiating|Tags: , , |

Under-pricing and bidding wars, 2014

At most social occasions, I have been getting a lot of sympathy these days. “Are you OK?” they ask, expecting tales of bankruptcy and nervous breakdown. “I hear there are ten offers on every property and everything sells for $50,000 above asking price.” The stories are true, but they are not true. Some properties are

By | 2016-12-28T14:01:11+00:00 July 16th, 2014|Categories: Market data and conditions, Negotiating|Tags: , , , |

Crazy market report card

In the most competitive Seller’s market since the late 1980s, how did we do? We are pleased for our clients who have bought in 2014. They did buy a house or condo in eastern Massachusetts without bidding wildly over asking price or throwing away their rights. Summary: No clients waived their home inspections in order