multiple offers

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: , , , |

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: , , |