When you’re shopping for a mortgage, it can be tempting to just talk to the first person you meet, sign the loan documents, and be on your way. But before you do that, it’s actually
How To Navigate a Market Where Multiple Offers Is the New Normal
Dated: April 12 2022
If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. But what does that really mean for you? As a buyer, low housing supply coupled with high buyer demand means you should be prepared to navigate a highly competitive market where homes sell fast and get multiple offers. Realtor.com has this to say:
“Homes also flew off the market at record pace as buyers put offers in the moment properties came up for sale….”
In a bidding war situation like this, doing everything you can to get ahead of the competition is a wise move. That’s because when you find a house and submit an offer, it’ll likely be up against strong offers from other buyers. According to the latest Realtors Confidence Index from the National Association of Realtors (NAR), homes today are receiving an average of 3.9 offers. That’s the most offers we’ve seen in January for the last 5 years (see graph below):
1. Know Your Numbers
2. Be Ready To Move Fast
3. Make a Strong but Fair Offer
The Hills Real Estate Team of Keller Williams Realty is here to help you with all of your real estate needs. With our combined 76+ years experience in home sales and negotiations and a vast knowledge of these areas, we are the team to help you sell your current home and/or buy your forever home! Because we have a team at our hands we are more diversified, experienced and qualified to handle any real estate situation. Our education and experiences help us offer more specialties than any one person could.
To learn more, please visit our website at www.hillsrealestateteam.com. Please feel free to contact us via call, text or email at anytime. We are always open and available to help you no matter what your question or situation is.
Hills Real Estate Team - Keller Williams Realty
Rapid City, SD
Sioux Falls, SD
Cheri St. Pierre has spent over 22 years in real estate and thoroughly enjoys putting her business ideas to work. She has lived in South Dakota a good part of her life and knows Western SD very well. ....
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If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. But what does that really mean for you? As a buyer, low housing