Hey everyone, wow the market sure has heated up since March. I'd first like to thank my clients for their continual support. I started off with a great year and have already completed almost 10 transactions!
Hot Market? Seller's love it, but buyers be aware! During times like these, emotions stirr up, sending out offers become stressful rather than enjoyable due to the face that pretty much all of the hot properties are asking for offers on a certain date creating multiple offer situations.
During the past month, I have encountered 7 multiple offers and the markets getting hotter. So what should you do to avoid the problem?
Well, when you do find a property that you do like, and there is no date of acceptance of offers set out, send in your offers before others do, the earlier the better so that your agent may have time to negotiate before other potential buyers send in their offers. Give a short irrevocable time! Dont give them time to recieve any other offers!
If you do choose to take part in a multiple offer situation. Set your limits! Create that budget for that certain property and dont go past it!