The market continues to be hot and I was so busy with listings and offers that I could not get this post out for you to see. Hopefully you all received the separate emails for each listing, as I hope you are on the mail-out list! If not, reach out & I will get you on the list!! Hey, reach out even if you are on the list, I would love to hear how things are with you!
All three sellers that I am privileged to be working with are ecstatic due to how hot the market is. I received between 3 & 15 offers on these properties and all are set to close quickly at prices much higher than even I could anticipate. So what is driving the market. Those of you who read my blog know that low interest rates, low inventory and buyer demand has been working in sellers favor. Now, with COVID having changed buyers habits, there is even more demand for houses and townhouse style condominiums. The desire for more space, yards, offices & /or school rooms is putting real upward price pressure on buyers, who are willing to put up the necessary funds even if appraisals come short. And with an upcoming demographic shift in buyers, I do not expect this upward pressure to let off anytime soon. (Watch for a future blog explaining how demographics will keep this run going).
The bottom line is buyers should consider buying now and begin their search below their maximum purchasing power to allow for the room needed to escalate. Sellers on the other hand, should engage a broker who knows how to position their home to make the best of the market. I have been able to leverage new technology provided by Coldwell Banker to get higher views on most e-platfoms and have delivered quick results for these sellers. Having worked ‘the other side’, I also know what it takes to position a buyer to get his or her offer accepted.
Call, email, text to set up a virtual appointment to discuss your needs, I would love to hear from you.