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If you have been following along with our weekly market reports, you may have noticed that numbers are staying pretty much the same. Week after week since really February we have seen very consistent numbers. Last week we mentioned that this is a tough market for everyone involved and zeroed in on sellers. This week we are talking to you BUYERS. We know this is a challenging market. It's easy to get discouraged and say you'll wait for a better time (insider info: there's never a "perfect" or "better" time). Instead, get prepared, know what market you are getting into, and strategize.
The BRC crew has been working tirelessly for our buyers. Showings, showings, showing and more showings - followed by many offers. So, here is what we know based on our personal experience. For competitive home purchases our agents are writing between 4-8 offers before going mutual. These are offers over asking, including 22AD's, potential waived inspections, 30 days or less closings, and seller rent-back agreements when needed. This means buyers & agents are going on about 10-12 home tours before an offer is accepted. Knowing this information, is why we keep stressing the need to be patient and prepared. You will find a home; it just takes time and a lot of strategy right now.
Do you have questions on what that means for you? Or, how to come up with a winning strategy? Send us a message, we would love to chat.
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By digitally signing this form you are providing with your express written consent to send you business and marketing communications via text messages (SMS), email, and by calls or prerecorded messages dialed by a natural person or by an automatic or automated telephone dialing system. This express written consent applies to each such email address or telephone number that you provide to us now or in the future and permits such communications regardless of their purpose, unless you opt out of SMS marketing communication when submitting this form. Consent not required to register. Message frequency varies, message and data rates may apply. Text STOP to cancel, call for help.