Let's talk about this insane sellers' market...

In case you didn't know, we are experiencing incredibly high demand this year. Buying a home is more competitive than ever before because homeowners are staying put. Maybe they took money out to renovate or pay off debt, or maybe some of them are not paying mortgages so they lack the incentive to move. Nailing down why this market is the way it is, would take hours. Needless to say, there are a lot of moving parts.

Nearly every listed property in our area is receiving multiple offers with prices well above the asking price. It's not uncommon to hear that a home has 15 offers only 48 hours on the market, with the final accepted price $60,000 above the asking price! And it's not just the prices on the rise, hopeful buyers are offering other extreme terms to try and stand out. They're offering to forgo inspections, they're waiving the appraisal protections and they're paying closing costs traditionally reserved for sellers. So, for my Buyers, I just want to say that y'all know that I am generally a positive person. But it is definitely difficult to not be pessimistic right now, I totally get it. It is frustrating for you and for me to go to such extreme measures to assure you get the home of your dreams, only to find out the offer was "not even close". I absolutely consider myself your advisor when it comes to your Real Estate needs and my advice right now is to stay patient and wait this out if you can. But, I just had an offer accepted this week, so it can be done! Anything is possible, we just need to get creative.

As always, I am here for you! Please let your friends and family know to contact me when they are ready to have this discussion. I don't know if a Realtor has ever been more valuable than now and I appreciate your referrals so far more than you know.

The table as promised: