I was recently working with multiple offers on one of my listings (something that is more and more the norm these days) and I noticed that the buyers are getting more and more motivated. They are writing better offers, they are providing the information I need to present to my sellers, and they are moving quickly to prove their motivation. Those that don’t, get left behind and are forced to continue their home search among fewer and fewer listings.
If you are a buyer, you need to realize that you are not the only one who will be putting an offer on the property. You need to decide how much you want the home, and you need to be ready to pay top dollar for a choice home. Nothing is wrong with writing an offer that may not be as strong as it needs to be, but be ready to receive a counter offer from the seller asking for perhaps more money or better terms. There are just too many buyers out there right now. It is definitely a seller’s market, and prices are going UP.