Not all bidding wars are the same.
It is critical for the agent to properly access the buyer pool – to track both the actual and potential buyers – and the intensity of their pursuit.
The frenzy is not constant and predictable – get good help!
by Jim the Realtor | Apr 29, 2013 | Bidding Wars, Bubbleinfo TV, Frenzy, Why You Should List With Jim | 1 comment
Not all bidding wars are the same.
It is critical for the agent to properly access the buyer pool – to track both the actual and potential buyers – and the intensity of their pursuit.
The frenzy is not constant and predictable – get good help!
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
He did it! Joe Musgrove has thrown the first-ever @Padres no hitter!! Padres win in Texas!
Agree - and if buyers back off, the worst thing that will happen is a prolonged stagnation. Because future sellers are going to want these prices or more, and they will be willing to wait until they get them.
@Bubbleinfo I'd call it "price risk", not "bubble risk". Price declines are possible (maybe even likely in some areas), but cascading price declines require loose lending (forced sales), and we aren't seeing that.
you said the house went on the market sunday. Is the MLS able to input listings into the system on weekends?
That was a very good offer on that house. Did he use financing or pay cash. Obviously with that kind of offer he wanted the house for sure.