Holy Multiple Offers, Batman!

Sunday, March 9th, 2008

Ah, Multiple Offers.  It’s a phrase I haven’t heard used in a while…and one that I have missed deeply, from the bottom of my heart. Now that Spring is here, the birds are chirping, daylight savings time starts tomorrow, and Multiple Offers are back!!!

I feel like I have been showing the same sad foreclosed on, vacant, lonely homes for months now - buyer after buyer walking through and pondering the obvious questions - why hasn’t anyone bought this place (it’s been on the market for a year) - and why should I (when there are 4 more just like it within 100 yeards)? 

But now, in the last week, I have had buyers write offers on 3 different properties that have been on the market for months only to learn that they already have Multiple Offers.

Explanation please, Robin. 

Here’s my take:

1. The market is finally picking up.  People are figuring out that they CAN get a mortgage that will work for them - and that prices really ARE as unbelievable as they seem.

2. Banks are taking FOREVER to process offers, so the offers on foreclosed homes pile up while lenders crunch the numbers and take their sweet time responding.

3. Life is good.

It really is starting to look up in the DM (Denver Metro) - but learn a lesson from my disappointed buyers - if you are interested in a home, make an offer before it’s gone!

This entry is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed.You can leave a response, or trackback from your own site.