Multiple Offers are back! The Keith Byrd Team agents at Patterson Realty meet every Tuesday to discuss the current market conditions, rates, new listings, and sales. One point highlighted by each agent was that our client’s have been out bid on multiple properties. Not just one time but, several times. This makes for a discouraged and frustrated client. So, what’s changed? SLO county inventory is low, rates are low, and buyer confidence is up. Therefore, we are taking the time to educate our clients on the necessary steps to be successful in this market. If you’re wanting to get in to this real estate market, it’s important take the readiness steps:
1. Get yourself pre-approved – a pre-qual letter. 2. Know your budget. 3. Select one agent to represent you. 4. Be prepared to bid higher than the asking price. 5. Be decisive – if you hesitate, you’ll miss the opportunity for a specific property.
Collette Kutil, The Keith Byrd Team, South County Realtor in San Luis Obispo County, including Pismo Beach, Arroyo Grande, Grover Beach, Oceano, Nipomo, and Avila Beach, 805-801-8114