Multiple Offers on Bargain Homes

Over the past 6 months, buyers have been able to make offers on just about everything without worry of having to compete against other buyers. During the month of April that has not been the case. Several buyers have decided to pick up the pen and start pursuing the ever decreasing bargain price range. Just two weeks ago I had writhen up 3 offers on different homes across Snohomish County. Every single one of them had at least one other buyer making offers, causing the sales price to increase over the asking price.

Last week again two offers we also written with other offers on the table. Gratefully my clients got those homes. We are seeing these bargain price homes selling off. Over the next couple weeks we will see the low priced homes start to drop off.

If this trend continues, homes will stable in price and likely start to earn back their value again. If you do happen to know someone who is sitting on the fence, this is the time to get serious. In six months that friend may be wishing they acted sooner than later.