It’s a New Day, It’s a New Market!

Last year I worked with a few frustrated sellers, their homes would hang out on the market for a while and receive low ball offers.  Plus, buyers would nitpick the properties apart and ask for a ton of concessions. The agents (myself) would communicate and assure our sellers that we’re doing our best to promote and sell their homes for the best price.   Contrast that with today’s market, sellers are receiving multiples offers with in hours of the property going live on the Multiple Listing Service – MLS.  As an example, today my client toured a home in Arroyo Grande that has been on the market for 2 days.  This home was previously listed last year for 9 months with no sale. Today I called the listing agent and was informed that there are already four offers….hurry…. if I want my offer to be reviewed.  I know this house well, I showed it last year multiple times to clients that didn’t want to pay the asking price of $299K.  Today the property is listed for $40K more and the seller is going to get their price.  I hope my client gets a chance for consideration with our offer, including consideration on the forthcoming multiple counter offer.  Like I said, it’s a new market!!!