Real Estate bidding wars in 2013?

Hello pre-2007 real estate market, I’ve missed you! Yes that’s right, looks like we are off to a great start this year. Yesterday I listed a home, after 4 showings we had multiple offers by the evening. Last week another listing produced an accepted offer within 24 hours. So even though very different homes, what did they both have in common (other than an awesome list agent!)? Both homes had been meticulously maintained, clean, and staged well. Most importantly, they were priced at what current market conditions indicated. If you have made recent improvements to your home, it might mean you will not recoup the amount invested. Also, your home may not be worth what you paid. Remember, in the end a home is worth what a buyer is willing to pay, not what you owe or your perceived value.

In the event you are a buyer and interested in a home with multiple offers, if you can afford to, don’t be afraid to offer over list price. For every $1000 on a mortgage, at today’s interest rates it would equate to about $5 additional on your monthly payment. So maybe you skip that latte, or bring your lunch to work once a week. Wouldn’t it be worth it for your dream home?

This home sold this week after only 4 showings.

Perfectly staged living room.

This home sold last week in 24 hours.

For all of your real estate needs ~ call, text, or email Lori Adrianse @ 515-556-0515, Lori.Adrianse@CBDSM.com.


For all of your real estate needs ~ call, text, or email Lori Adrianse @ 515-556-0515, Lori.Adrianse@CBDSM.com.